Beaxy Crypto Exchange offers prebuilt TA, signals, for cryptocurrencies listed on their platform. Members of their team have reportedly built trading desks in Chicago, IL. This is not to say either service is terrible, but they certainly aren’t good compared to other bot trading platforms or cryptocurrency exchange VIP/reward https://traderoom.info/beaxy-cryptocurrency-exchange-review/ systems.
Beaxy Withdrawal fees
One of the world’s most trusted and secure crypto exchanges with low fees and advanced trading tools. This left previous users of the platform searching for a viable alternative. As one advantage that Beaxy promotes, they mean that the KYC-procedure on their platform is much easier to follow and comply with than the KYC-procedures at other major American crypto exchanges. The information in the below picture comes from 18 September 2019. Cryptocurrencies are reportedly secured by Curv institutional custody and fiat accounts are insured up to $250,000.
- He graduated from the University of California, Santa Barbara with a bachelor’s in philosophy and carries a deep passion for a first-principles approach to investing and education therein.
- Before uploading the document, you will need to select the country your document was issued in.
- This means that no other crypto exchange will have access to this technology.
- If you’re thinking about trading crypto, you’ll need a crypto wallet to keep your digital assets safe.
- Why Traders are Flocking to Beaxy Exchange Beaxy Exchange is a next-generation trading platform that bridges the gaps between cryptocurrency and legacy finance.
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Finally, enter the amount that you want to buy, decide whether you want to do a ‘market order’ or ‘limit order’, and then place your trade. Launched on 10 Jun 2019, Beaxy.com Exchange is a centralized exchange, headquartered in The Board of Trade in Chicago, IL. The exchange claims to support 6 fiat pairs, a two-way fiat ramp, credit and debit card support, and spot cryptocurrency 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. That said, Beaxy Black’s extremely attractive fee structure can reduce trading fees significantly, and the additional customer support could be very useful. To apply, you must fill out an application, have a fully registered and funded account (deposit funds), and trade a minimum of $2,000 worth of crypto each week.
Beaxy Crypto Exchange
Truthfully, integrating the Hummingbot will probably be too inconvenient or complicated for most to endure, but it’s a great option for serious algo traders nonetheless. The algorithmic trading strategies available through Hummingbot include pure market making, advanced market making, cross-exchange market making, and arbitrage. If you want to learn all its services and whether or not you should create a Beaxy account, stick around for this in-depth Beaxy review. The Beaxy platform also includes services such as a trading bot API integration, a tinder-style swiping trading app, and free trading signals. The exchange was previously registered in Saint Kitts and Nevis, but it is now owned by Windy Inc. (a Delaware corporation) and Beaxy’s headquarters today are in Chicago, Illinois. At the top of the interface are various important factors that can help you with your ongoing trades, including statistics like the volume, bid/ask spread and percentage changes.
STK Loyalty Rewards Program
It might be dangerous to gamify trading, but it could be worth looking into if you’re a novice trader looking for some ideas and direction. 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. As for the Hummingbot and Beaxy Black, the friction of actually implementing the bot or applying for Beaxy Black will make both largely unappealing to most traders. The last feature of Beaxy’s platform worth mentioning is its signal service that uses pre-built technical analysis to offer actionable trading signals with an acclaimed 63% win rate.
Today, however, the industry average is 0.213% for takers and 0.16% for makers, so Beaxy is a bit above average when it comes to taker fees. Once your account is funded, you can then begin day trading at Valr. Click on the ‘TRADING’ button at the top of the screen, and you will be taken to the main trading area. You now need to select the trading pair that you want to trade.
More than 500 digital assets can be bought, sold, and traded on the platform. Their pro platform supports margin trading, staking, OTC trading, and advanced order types. For a limited time, Beaxy will match your deposits up to $500 so that you can trade or own more of your favorite cryptocurrencies. Opt-in to the program and make a deposit with cryptocurrency, fiat currency, or your credit card to have your bonus credited in USDC within 24 hours.
Once the team has approved you, you become a standard user and can withdraw up to 30 BTC worth of cryptos per day from any combination of their wallets. The KYC process is very straightforward and much easier to follow and comply with than the KYC-procedures at other major crypto exchanges. To start the KYC verification process, click on your “user” tab on the top right of the page and look for the “KYC” button. With fiat support, crypto deposits, and a Gunbot trading bot partnership, the platform gained attention for rewarding active traders and challenging some of the best crypto exchanges like Binance and KuCoin.
- Click on the ‘TRADING’ button at the top of the screen, and you will be taken to the main trading area.
- Our recommendation for the best Beaxy alternative is the Kraken crypto exchange.
- Beaxy Exchange stands out from other trading platforms by leveraging sophisticated artificial intelligence to provide its traders with assistive trading technology that helps give the user the confidence to make informed trades.
- Beaxy is a Chicago-based cryptocurrency exchange platform where users can easily buy, sell, store, and trade a wide range of crypto assets and fiat currencies.
The Beaxy trading interface is more than satisfactory, with low trading fees and considerably more order types than most other crypto exchanges, but it is severely lacking in markets. Beaxy is a Chicago-based cryptocurrency exchange platform where users can easily buy, sell, store, and trade a wide range of crypto assets and fiat currencies. Beaxy is a new exchange that looks to be one of the most promising up-and-coming exchanges on the market, bringing many new features and a high-performance trading engine to market with a smooth user interface. The platform is set out in a way that makes it easy for new users to get acquainted. The exchange also features the most advanced interface, data compilation, trading tools, and security measures to date. 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.
Austin specializes in topics related to cryptocurrencies and blockchain technology. After diving into all its services for this Beaxy review, we believe the Beaxy exchange is an above-average trading platform but far from a top competitor in the cryptocurrency exchange space. Although the Beaxy exchange itself doesn’t technically have a trading bot, it has linked up with Hummingbot, which allows users to incorporate its open-source trading bot into the platform via an API. On the date of last updating this review the 24-hour trading volume was as low as USD 1,612 vis-a-vis USD 19,676 on 18 September 2021, according to Coinmarketcap.com. 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.
One of the best features is the calculator used to calculate the profits and losses of certain trades that you’re thinking about making. The integrated price charts are placed in the center of your browser, and at the top of the screen, there is a quick summary of important information such as the bid/ask spread, percentage change and volume updated in real-time. 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 was a fiat-to-crypto exchange with an innovative loyalty program that provided users with multiple ways to earn rewards. However, the platform was shut down in 2023, leaving thousands of users without a crypto trading platform. Austin DeNoce is a writer, personal investor, and entrepreneur who is focused on trading and investing education for macro, crypto, equities, derivatives, and foreign exchange traders. He graduated from the University of California, Santa Barbara with a bachelor’s in philosophy and carries a deep passion for a first-principles approach to investing and education therein.
While this isn’t quite as appealing as many of the other crypto exchanges offering 0.1% maker and taker fees, it is certainly well above average and a very competitive rate. This platform is not only available from your desktop, you can also access it via your mobile. Most traders in the crypto world today carry out their trades via desktop (around 70% or so).
Why Traders are Flocking to Beaxy Exchange Beaxy Exchange is a next-generation trading platform that bridges the gaps between cryptocurrency and legacy finance. Beaxy lists dozens of assets, has a global fiat on and off-ramp, unparalleled security, and low trading fees. Beaxy offers a feature-rich platform that was built from the ground up with traders in mind. Beaxy Exchange stands out from other trading platforms by leveraging sophisticated artificial intelligence to provide its traders with assistive trading technology that helps give the user the confidence to make informed trades. These services range from automated technical analysis to customized trade alerts that are tailored to your strategy. 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.
There is also an option to earn a portion of trading fees by locking up PLS tokens and onboarding friends onto the platform via the referral program. There is also another way to get discounted trading because with the staking program, you will have the option to lock up some of your BXY tokens to receive a discounted trading fee. The next step is to log into your Beaxy account and pass the identity verification process.