Beaxy vs Crypto.com vs. Pionex Comparison

Beaxy will retain lawyers to ensure compliance with necessary laws to operate and pursue the necessary licenses to offer all the features in our roadmap. The large selection of cryptocurrencies, different order types and charts may be a bit confusing for a newcomer to the cryptocurrency space. First of all, the coin can be used to reduce trading fees significantly, as described in the section above. Beaxy held an ICO in September 2018 raising $3 million in funding. In the ICO, BXY utility tokens were sold which give traders that hold the coin several benefits on the Beaxy exchange. Once you successfully completed the above steps, you will have to wait until you receive a notification that your documents have been approved.

In return, these exchanges are closing their doors to U.S. traders. In this article, we present an easy-to-digest review of each major U.S. crypto exchange to help you decide where to go next. Select the currency that you want to pay and the amount that you would like to spend.

However, that figure should be taken with a grain of salt in light of the recent wash-trading accusations that have been directed at the exchange. Although Beaxy is clearly putting a lot of effort into making its exchange easy to use, there is a major difference to very basic exchanges like Coinbase. Additionally, if users combine staking BXY together with staking their earned loyalty points, they can bring them down even further to just 0.075%. Beaxy offers several different order types in addition to regular limit and market orders. Some of these order types include Limit IOC, Limit FOK, Take Profit, and more.

• We recommend researching a wide range of sources before using these services.
• Beaxy offers several different order types in addition to regular limit and market orders.
• Blocking categories may impact your experience on the website.
• Exchanges with low technological capabilities tend to malfunction when trade volumes increase.
• Finally, on the contrary to Binance, Beaxy currently does not have a mobile app, unfortunately.

Beaxy in particular charges less than nearly all U.S. based cryptocurrency exchanges. It is well suited for both beginners and experienced traders as the platform is well made and there is not much clutter to be confused by. Traders who enjoy good custody of tokens, https://forex-reviews.org/ algorithmic trading, crypto welcome bonuses, AI technology, and crypto trading signals will definitely enjoy Beaxy. Email coupon promo codes are good for only one purchase, and our community members share email codes for Beaxy and thousands of other retailers.

I’ve enjoyed using Beaxy

After analyzing the work of the crypto exchange, user reviews about it and legal information, we came to the conclusion that Beaxy is not a scam. The platform has been working steadily since 2019 and during this time has managed to gain the trust of traders all over the world. Aion joined Blockchain Interoperability Alliance backed by ICON and Wanchain, the main goal of which is the promotion of interconnectivity between the isolated blockchain networks. There are more than 6 crypto exchanges on which you can trade AION, there is no fiat markets for this coin, it can be traded only with USDT stablecoin. Our worldwide clientele trade digital assets on one of the fastest cryptocurrency exchanges in the industry. A membership with beaxy has unique advantages that can help you build a secure, future-proofed financial portfolio.

Wire funds from anywhere in the world to an exchange with more major fiat pairs. Second, click “withdraw crypto” or “withdraw fiat” in the left menu depending on your preferred withdrawal currency. I would love to see a live chat instead of the chatbot as it’s just not enough in many cases when more difficult issues arise. Other than that there is much to complain over as Beaxy seems to be a very complete digital asset exchange.

However, users who choose to pay their trading fees in BXY tokens receive a 50% reduction and pay a fee of 0.1%, and anyone participating in the exchange’s Staking Program can reduce their fees by an additional 25%. Market makers are being encouraged to use the exchange and are exempt from trading fee commissions. In order to pay your fees with BXY, click on your profile, and select “Fees”, then move the “Pay with BXY” slider button to the “On” position. This houses necessary technical indicators and charting instruments. Get Quick Trade to trade Bitcoin in Canada along with dozens of other digital currencies and join the crypto currency revolution. Confirm the transaction and sign in/sign up with just your email to save your transaction history.

Transactions with cryptocurrencies are irreversible, privacy-enabled, and censorship resistant- An irrevocable ledger is part and parcel of the cryptocurrency methodology. This means after a transfer has been authorized, it cannot be reversed. Because of this feature, it is very important to triple check your withdrawal address after engaging in crypto trading on a cryptocurrency exchange. Get an easy way to check your money – access all of your cryptocurrency exchange accounts from our intuitive mobile application available on both iOS and Android. Everything around us is going digital as daily life moves onto the internet.

This is why the list of clients who entrust their digital assets to Beaxy is long and growing daily. In addition, our operations are compliant with all applicable U.S. and international finance regulations. In the long run, strict adherence to these regulatory guideposts allows us to sustainably provide the best crypto trading services to our customers. Our main goal is to democratize access beaxy exchange review to the financial future. We can help you to create a springboard for building your crypto portfolio and guide you to a comprehensive understanding of the processes connected with trading on a cryptocurrency exchange. Beaxy was constructed by a team comprising primarily finance experts using finely tuned algorithms and other assets to analyze current dynamics in the crypto world.

Sign-up and create account

The order panel and trade history are placed on the left, while the right is reserved for the order book. You can find additional trading pairs at a handy drop-down menu, including a search bar for ease-of-access. Beaxy utilises a simple to use and intuitive UI, which is customizable and includes scrolling ticker settings for speed, visibility, and favorite pairs.

Create an account To create an account on an change, you will need to verify your e-mail address and identity. Businesses will have no reason not to adopt blockchain technology. The project held an Initial Coin Offering which ran until September 2018, and raised approximately $3 million in funding, and the exchange has just recently launched. If you have any concerns about the nature, propriety or legality of this token sale or the persons involved in it please contact with detailed information about your concerns.

Algorithmic Trading Features

You will be sent an email with a verification link that will allow you to access your account from the new IP address. In the following example, if a user locks up 100K BXY tokens for 6 months, they will receive 100K PLS tokens. If there are also 10 million BXY tokens locked up in various accounts on Beaxy, there will be 10 million PLS tokens in circulation. The popularity of Beaxy could be attributed to one encompassing aspect- the incorporation of the best functions found in the financial industry’s leading market-maker. These features are optimum transaction speed, advanced order structures, tight level of security, exciting bonuses and programs, and full-time customer assistance.

This is similar to Binance’s fee structure as well, which only offers lower fees than Beaxy for users trading more than 100 BTC worth of cryptocurrency a month. One of the strongest value propositions of Beaxy is its extremely attractive fee structure. Beaxy is one of the few cryptocurrency exchanges that have their own cryptocurrency, the BXY token. The team behind the exchange are aiming to provide a comprehensive service that appeals to users of all experience levels. The user interface is intuitive and the dashboard is well laid out and there are various explanations and tips on how to navigate the platform placed in easy to find locations.

We hope for Beaxy’s sake that this trading volume improves substantially. Otherwise, it will be difficult for Beaxy to attract new trading users to its platform. Learn all about this exchange by reading our complete Deribit review now. Learn more about this crypto trading by reading our in-depth LCX Crypto review.

Beaxy’s Top Advantages

If you are looking for new technology to improve your results you will be pleased to hear that Beaxy offers to trade with Hummingbot. This platform lets all traders automate their trades on the exchange and use market-making strategies and other advanced strategies through the easy-to-use interface. Beaxy offers fiat deposits with Visa, Mastercard, and Bank Transfers.

The platform is also built for long term scaling, and includes functions to mitigate demand spikes, as well as automated scaling and resource balancing features. Beaxy was also built in collaboration with OneMarketData and incorporates its trading analysis, data research, surveillance and back-testing services. The Beaxy team aim to provide a fully featured exchange that facilitates a comprehensive trading experience and incorporates many of the best features found amongst the current industry leaders. This offer is based on information provided solely by the offeror and other publicly available information. The token sale or exchange event is entirely unrelated to ICOholder and ICOholder has no involvement in it .

Either of these two features can be used to transfer funds from an existing wallet. However, your funds will only be deposited to the wallet set as default, and you can then transfer freely between your internal wallets. Now, select your country of residence and also submit a picture of your National ID, driving license or passport. Those people who are submitting a National ID or driving license, will have to take a picture of both sides of the document.

Our editorial team has hands-on experience in investing, trading, and analyzing the crypto market and through our detailed review page you will get a full picture of what we think about different exchanges and brokers. This digital asset platform is packed with features that traders love. The platform provides 24/7 support to their users with live chat and an AI bot, which is especially valuable when a critical issue arises. There are also further resources aimed at newer traders such as the FAQ section and Knowledge Base, and the team is active on social media. It can be contacted across their different channels, including their Telegram group, Discord server, and Twitter account.

Beaxy User Experience

After generating your address, all you have to do next is to deposit your coins on that address and wait until the transaction is confirmed by the network. Once you are on the KYC verification page, the first thing you will have to do is select your country of residence and also submit a picture of your National ID, driving license or passport. The first step to start trading on the Beaxy Exchange is to head over over to the registration page and create an account. To do so, you will have to type in your full name, email, password, and date of birth. At the time of writing, Beaxy has a daily volume of just $8M. However, that is understandable when considering how young the exchange still is.

Security – The Beaxy team place security at the forefront of their priorities and the exchange uses two factor authentication and is compatible with both Google and Authy Authenticators. The exchange also allows for withdrawal address and IP whitelisting, and the team also promise to maintain the confidentiality of user data. Standards on the platform are in line with PCI-DSS and ENISA security standards. Technology – The exchange makes use of high throughput and low latency database performance capabilities, and Beaxy is able to handle hundreds of thousands of transactions per second with less than 1ms of latency.

For some exchanges there is depth percent it shows how much liquidity is available, live bids 2% up or down from the current price. Different pairs are listed separately with the corresponding volume. Crypto makes global trade more accessible – Cryptocurrencies provide an excellent low-barrier channel for international investing. You can invest in projects all over the world starting with the equivalent of a few U.S. dollars. Crypto trading is conducted on cryptocurrency exchanges using decentralized blockchain networks that are maintained and developed by talented entrepreneurs and engineers all over the world.

PostgreSQL, MongoDB, and some native blockchain databases are used to store and retrieve data. This allows Beaxy to provide solutions for high frequency traders and the platform is designed to scale and is already able to handle 225,000 transactions per second. In the future, the team aim to add OTC trading capabilities, margin trading, and portfolio management features that will appeal to a variety of traders. These include high trade processing speeds, advanced order types, high grade security protocols, loyalty and referral programs and 24/7 customer support. Beaxy is an All-in-One exchange that is built for experienced cryptocurrency traders and those completely unfamiliar with blockchain concepts.

While it is indeed a tad exchange, Beaxy is never to be underestimated as the platform is conducive enough to facilitate a cryptocurrency trading. Quick Trade allows you to trade Bitcoin in Canada, along with many other digital currencies. Quick Trade, developed by Coinsquare Canada, is optimized for faster trades with the lowest spreads and fees, top-tier security and industry-leading customer service….

Beaxy allows you to have multiple wallets for each currency; however, your funds will only be deposited to the wallet set as default, and you can then transfer freely between your internal wallets. After your transfers have been confirmed you are free to trade on the exchange. From here, you can select which document you wish to use to verify your identity, and acceptable forms include a Driving License, a National ID, or a Passport. It’s worth noting that users based in the USA cannot use a passport for verification due to state-specific laws, and must use a valid driver’s license or state ID. The platform is available in both desktop and mobile versions.