Beaxy Exchange Review Beaxy com

Beaxy Exchange Review Beaxy com

This exchange allows users to buy, sell, store, and trade crypto assets and fiat currencies, including over 40 trading pairs with several fiat currency-based pairs. Beaxy also features a trading bot called Hummingbot, a Beaxy Black VIP program, a signal service, and more. As I already said, the Beaxy platform is powered by a token called BXY, which provides access to premium add-on tools beaxy exchange review such as custom SMS alerts, premium TradingView charting, access to the coin staking and loyalty reward programs and to purchases on the coming Beaxy App Store. It’s also worth noting that Beaxy operates a loyalty reward program that incorporates the PLUS Token (PLS), an exclusive token to the Beaxy exchange. You can only trade your BXY tokens for this token and when you receive it you can lock them up for a certain time, which will get you a percentage of your trading fees back. The fees on the Beaxy exchange are fixed at 0.2% of whatever you deposit, however, the BXY token allows users to reduce their fees by up to 50%.

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Our first impression was very positive, and we’re excited to share our findings below. Rene Peters is editor-in-chief of CaptainAltcoin and is responsible for editorial planning and business development. After his training as an accountant, he studied diplomacy and economics and held various positions in one of the management consultancies and in couple of digital marketing agencies.

• After that, click on the + icon next to it, which will expand the list of wallets you have for this currency.
• These include high trade processing speeds, advanced order types, high grade security protocols, loyalty and referral programs and 24/7 customer support.
• 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.
• In summary, we think the Beaxy exchange and trading platform would serve most crypto traders well, but it is far from the best.
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How to Set Up Your Beaxy Account

Users must already have assets to bring to the exchange in order to make use of it. That said, blindly following trading signals and mindlessly swiping left and right on trades would be unwise, regardless of the proclaimed win rate. However, the service could be a valuable learning resource for anyone new to trading. While the look and feel of Beaxy may not be the absolute best, that’s ultimately up to each user when deciding on a crypto exchange, so it’s hard to fixate on that as a reason to pursue Beaxy alternatives. Once you download Hummingbot and create an account, you’ll have to connect your Beaxy exchange account through the API and then set the strategies and parameters you want to use to begin your automated trading. The fee structure and various incentives should prove successful in helping to attract users to the platform and improve the validity of the BXY token.

• If there are also 10 million BXY tokens locked up in various accounts on Beaxy, there will be 10 million PLS tokens in circulation.
• It’s easy to use and from the main menu, you have access to features such as trender and signals which are two automatic tools for day traders that help you find new setups that have up to 70% win accuracy.
• The exchange also incorporates the ERC20 BXY Token which allows users to participate in staking in order to receive a 50% discount on trading fees.
• We bill you through an online billing account for purchases made via the Site.
• The team at CryptoVantage.com only recommends products and services that we would use ourselves and that we believe will provide value to our readers.

Beaxy Trading Fees

As Beaxy is still building its reputation and developing its user base, it offers an attractive fee structure, and the BXY token allows users to reduce their fees by up to 50%. Users can also earn a portion of trading fees by locking up PLS tokens and onboarding friends onto the platform via the referral program. The exchange also incorporates the ERC20 BXY Token which allows users to participate in staking in order to receive a 50% discount on trading fees.

Loyalty, rewards & partnership programs

Some of the rewards include up to 30% back in trading fees (in BTC), offers personal customer support, and awards BXY token (Beaxy’s utility token) according to your trading volume. 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.