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Q&a For Beaxy Cryptocurrency
That said, the exchange is very new, but then again it does have 22,000+ sign-ups with verified KYC, so I would have expected more. If trade volumes begin to pick up, however, this beaxy coin is a very smooth trading experience and far better than many of the larger exchanges in the space. USD and the volume were at $1,120.34 USD The high and low price for 7 days is $0.
Charging a trading fee of 0.1% for both maker and taker trades, it’s fee structure is slightly higher than the one of Beaxy. 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. 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 Features
USD Beaxy ranks no 1204 in the market capitalization of Beaxy is at $355,498,000,000.00 and its volume for 24 hours is ฿94,483.50. 282.32 M Beaxy are under circulation, with total supply of 500.00 M and the Maximum supply of 0.00 . By using the Beaxy staking program, you will be able to keep your tokens in staking mode and earn Btc to USD Bonus discounts in trading fees when you use the tokens. Also, if you pay the fees of the company while using its own tokens, you will be able to receive a discount of up to 50% when paying trading fees. USD Beaxy ranks no 1204 in the market capitalization of Beaxy is at $355,498,000,000.00 and its volume for 24 hours is $3,161.94.
Therefore, Beaxy incentivizes Market Makers by rewarding them with a rebate – only the market taker pays the trading fee commission. Current features found on Beaxy that are not found on other cryptocurrency exchanges are the PnL calculator ; multiple wallets per asset to allow for risk variance; an integrated Knowledge Base; and tax-ready reporting. Firstly, the homepage is modern in its design and sleek, unlike many exchanges in this space, with key features displayed below the sign-up form. Having logged into the exchange and navigated to the markets, the first thing to note https://www.binance.com/ is that the Dark Mode setting is more visually appealing than Day Mode, which tends to be the case on all platforms. The various tools are well presented, with a clean order form in the top left, a TradingView integration centre-screen, a customisable orderbook to the right, and with trade history and open orders beneath these. Each tool can be made full screen and the TradingView integration allows for snapshots and a drawings toolbar, which isn’t the case with some integrations on other exchanges. Finally, a calculator icon in the navigation menu opens up a useful PnL tool.
- Members of their team have reportedly built trading desks in Chicago, IL. Their API features REST and WebSocket as well as FIX, view the documentation here.
- The company works as a cryptocurrency exchange and it has many interesting features which will attract investors.
- One of them is the loyalty program of the company, which rewards for holding the tokens and keep using the services of the company.
- Beaxy Exchange offers prebuilt technical analysis trading signals for cryptocurrencies listed on their platform.
- Beaxy Exchange offers prebuilt TA, signals, for cryptocurrencies listed on their platform.
- Members of their team have reportedly built trading desks in Chicago, IL. Their API feature REST and WebSocket as well as FIX, view the documentation here.
Suggest An Edit Beaxy
Deposits went live on June 8th, followed by live trading from June 18th, so the platform is only a few weeks old at this point. Plus was introduced as a token to be used in the loyalty program for qualified holders of BXY and cannot be transferred out of exchange . System Announcements provides updates on the exchange itself, such as maintenance and platform changes. The latest platform update will include the membership program, 50% bonus referral program and market maker rebates. Beaxy Listings contains all of the coin listings thus far, with the most recent round having occurred in April. Progress Updates contains links to weekly Medium updates. Team has not been updated since May and Partner News contains links to news updates relating to the projects listed on the exchange .
Detailscryptocurrency Beaxy Exchange
The company states that it will create a platform with an intuitive user interface which will allow exchanges from both fiat currency and cryptocurrencies. Beaxy’s objective is to provide a sleek and elegance experience for all its users. Launched on 10 June 2019, Beaxy Exchange is a centralized exchange headquartered at The Board of Trade in Chicago, Illinois. The exchange supports 6 fiat pairs, a two-way fiat ramp, credit and debit card purchases, and spot cryptocurrency trading. It is a U.S. registered, FinCEN money servicing business. Cryptocurrencies are reportedly secured by Curv institutional custody and fiat accounts are insured up to $250,000.
Beaxy is one of the few cryptocurrency exchanges that have their own cryptocurrency, the BXY token. Beaxy aims to create the ultimate Binance blocks Users allinone cryptocurrency exchange with more tools at your disposal than ever before and a user experience that is unmatched.
With the loyalty programs, you can receive monthly rewards based on the quantity of tokens that you have and in the transactions made on the platform. The objective of the company is the creation of an accessible platform which will work as an all-in-one exchange, one in which the users will not need to access any other platform https://beaxy.com/ if they want to trade cryptocurrencies. To give this option to its users, Beaxy intends to provide a great set of tools and services to assist the users when they experience the platform. What we are told to expect is stock market-esque performance, with access to fiat deposits/withdrawals and sophisticated order types.
However, Beaxy charges users who pay their trading fees in BXY 0.1% – a 50% reduction in trading fees. Users participating in Beaxy’s beaxy coin Staking Program can reduce their fees up to an additional 25%. Beaxy’s approach with fees is to focus on encouraging liquid markets.
If you want to withdraw your deposited (non-bonus) funds before reaching your required volume threshold, you will need to open a support ticket. The amount that will be available for withdrawal is the value of your original deposit minus any trading fees and any realized or unrealized gains or losses on trading activity during the program. You may be asked to close all open positions before withdrawing your deposits beaxy coin funds. Use your bonus funds to trade or own more of your favorite cryptocurrency. Once you have opted-in to the program, you will continue to receive bonus funds on each deposit until 500 USDC has been credited to your account. Bonus funds will not be applied to deposits made more than one month after your initial bonus funds have been credited. Beaxy charges a 0.2% fixed fee per trade on market takers.
Once the largest cryptocurrency exchange, Bitfinex now controls a much smaller market share of the daily trading volume but is still the most liquid market for purchasing Bitcoin with actual US Dollars. Beaxy is a brand new cryptocurrency exchange that aims to compete with Binance Btcoin TOPS 34000$ by offering a more powerful trading engine, more elaborate order type options, low fees, and excellent customer support. Use your bonus funds to trade with confidence when you take advantage of Signals, which have a 63%+ win-rate at forecasting short-term price movements.