Of course setting up an account for buying and trading cryptocurrency will take a little bit longer because Beaxy requires users provide some amount of personal identification to avoid money laundering. An example of the articles included on Beaxy’s blog is “Introduction to Bitcoin, Cryptocurrency, and Crypto Markets.” This article discusses the foundation of Bitcoin, how it increases in value, and why trading in cryptocurrencies is the next big investment. It is a well-detailed explanation of the beginnings of digital currency and its role in the future of financial markets. Other articles listed on the Blog are about the STK Standard, the lightning network, and crypto portfolio indexes. Beaxy was developed with a key vision of providing convenience in buying, selling, and exchanging cryptocurrencies. Buying and selling cryptocurrencies on this exchange follows a simple and hassle-free process.
Better Crypto Trading
The KYC verification process is conducted via Mati who store encrypted user data in AWS servers in the USA. Beaxy also uses email alerts and two factor authentication which is compatible with both Google and Authy Authenticators. In order to further secure user accounts, the exchange also provides the ability to whitelist withdrawal address, which restricts the places funds can be sent to. IP whitelisting is also featured and once set up, when you try to log in to your account for the first time from a new location, access will be denied and a red “IP Whitelist” message will appear. You will be sent an email with a verification link that will allow you to access your account from the new IP address.
Beaxy is great for new crypto traders
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. I was new to cryptocurrency trading and the user experience at Beaxy made it super easy to learn. The whole process took less than five minutes and the customer service guy was insanely helpful – he even offered to give me one-on-one training on how to use the platform. Launch was a disaster, and in the years since, they have failed to provide tradeable books across most of their listed assets. Additionally their market makers routinely pull their orders from the already thin books, so using stop orders is asking to get your position sold off far below market price.
How to Buy and Sell Crypto
The Beaxy Platform is easy to navigate and well-equipped with hundreds of tools and indicators. It has a clear format of charting, which can be modified with different time intervals. The platform is also packed with trading strategies that assist clients in trading. Through Beaxy’s platform clients, novice or otherwise, are given the chance to experience charting like a professional..
- 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.
- The MPC is a distributed security model that allows transactions to be signed by multiple parties to eliminate any single point of attack.
- Using cutting-edge trading tools, our team enables you to find the best way to manage your cryptocurrency exchange accounts.
- In addition, our operations are compliant with all applicable U.S. and international finance regulations.
Buy your stake in the future
The team behind the exchange is transparent in nature and contains CEO Artak Hamazaspyan, CTO Mittal Patel, COO John Galvagno, and Director of Engineering Federico Almaraz. If I want to buy Bitcoin I place a ‘bid’ order and if I want to sell Bitcoin a place an ‘ask’ order. If I wish to have my order executed immediately I can place a ‘market’ order, which will buy or sell at the best market price. A top U.S. financial regulator continues to hammer into the crypto industry.
The exchange also incorporates TradingView charts with a full range of technical indicators, and trading analysis, data research, and back-testing services from OneMarketData. It’s worth noting that users from the USA are currently not eligible to access the Loyalty Rewards program or obtain the PLS token in any way. To transfer funds, you’ll need to click on the “My wallets” tab at the top right of the screen, and select your preferred currency and click on the + icon next to it. 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. Securely store your assets in bulletproof protected custody wallets.
As https://traderoom.info/beaxy-cryptocurrency-exchange-review/ 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 wallet columns include the Wallet Name, Available Balance, Reserved Balance, and Locked Balance, which is the balance locked away in any staking or loyalty programs. You also have Pending and Total Balance columns and the Is Default feature allows you to set the default wallet for each currency. You can also make transfers within your wallets and create new ones.
This makes Beaxy one of, if not the most transparent financial services firms in the world. With Dragonchain’s Proof Systems in place, every single order that reaches the exchange can be seen in a report that is updated in real-time and available to view publicly. To date, exchanges only show current and executed orders, at most.
Generate API keys in your account and connect them to popular trading bot platforms like Gunbot, Hummingbot, and Autonio. Getting started with an algorithmic trading bot is easier than you might think. Hummingbot is free to download and allows enables you to become a bona fide market maker in minutes.
Use the Beaxy mobile trading app to access markets anytime, anywhere. To begin putting Signals into action on the web-based platform, scan through the assets listed on Beaxy Exchange. The number listed in the blue circle represents the number of unique Signals that are live for that particular trading pair. Once you click on an asset with a live Signal, the chart for that asset will appear along with a blue box that shows every strategy available for the asset. Click on a strategy and the technical analysis produced by the artificial intelligence will automatically display on your chart.
Customers of the exchange will be able to withdraw their assets within 24 hours after all user orders are canceled and balances are verified and are encouraged to do so within 30 days, the SEC said. 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. Beaxy allows you to trade bitcoin with convenience and peace of mind. Our user interface is customizable and can be optimized for beginners and experts alike. Beaxy is a powerhouse platform that is well-suited from manual and automated trading strategies.
It provides extensive knowledge about the crypto industry, the history of Bitcoin, and reviews about new applications and technologies relevant to crypto trading. This will then form https://traderoom.info/ an order, which is transferred to an order book. This order book contains buy and sell orders on an asset, which are then matched by the engine to complete the transaction.