Beaxy: What to Expect From This Review

The project held an Initial Coin Offering (ICO) which ran until September 2018 with an excellent amount raised equaling $3 million. That said, Beaxy Black’s extremely attractive fee structure can reduce trading fees significantly, and the additional customer support could be very useful. Assets held in BingX Wealth products (such as savings) can also be used as collateral for futures trading. This means users can earn interest on their assets while at the same time using them as margin for leveraged trades. For smaller amounts, no KYC verification is required, which lowers the entry barrier for casual users.

Pre-Market Trading

Xpool is a pre-Launchpool feature that lets users stake tokens early to earn reward points. These points act as proof of rights and can later be redeemed for actual tokens at launch. The platform goes beyond simple leaderboards by offering detailed stats and trader categories, which makes it easier to filter and choose strategies. The fixed margin system is also a smart design choice, giving copiers control over their risk exposure. The addition of ChainSpot is notable because it bridges the gap between centralized and decentralized trading, offering access to newer tokens without the usual technical hurdles. Payment methods include bank cards, peer-to-peer (P2P) merchants, and third-party providers.

The size of the selection isn’t the top perk of working with Beaxy, it’s the helpful technologies and the comfort of use that attract the most users. Beaxy isn’t amongst the top crypto exchanges, but it is a fairly interesting choice if what you want is a deeply technological approach to trading and investing. All content on CaptainAltcoin is provided solely for informational purposes. It is not an offer to buy or sell any security, product, service or investment. 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.

Pros and Cons of BingX Card

Currently, Beaxy can be contacted via their Telegram group, Discord server, and Twitter account. Speed and execution is usually one of the most sought detail for any client and the trading platform spared no expenses to make its buy-and-sell executions as quick and simple. Beaxy’s trading platform makes use of high throughput and low latency database performance capabilities, allowing the platform to handle up to 225,000 transactions per second (TPS) with less than 1ms of latency.

Together, these options cover both conservative savers (flexible deposits) and users seeking higher yields with some risk management (Shark Fin). In this system, the copier selects a fixed margin amount to allocate each time the trader opens a position. This gives smaller investors more control, since their exposure is not tied directly beaxy exchange review to the trader’s account size. According to BingX, there are now over 40,000 elite traders on the platform and more than 12 million copy relationships established.

• BingX Convert is a simple tool for users who just want to swap one cryptocurrency for another without using the full trading interface.
• Yes, Beaxy has a partnership with Gunbot trading bot where Gunbot users can connect to Beaxy Exchange at no extra cost.
• You can find additional trading pairs at a handy drop-down menu, including a search bar for ease-of-access.
• If you want to proceed to buying a crypto, you must deposit funds to your account with the fiat currency of your choice.
• As a finishing touch, Night and Day modes have been included for around-the-clock trading.

All-in-AI: BingX’s AI-Driven Strategy

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. Also, users based in the USA must use a valid driver’s license or state ID.

Beaxy Exchange: Features Review

BingX also offers peer-to-peer (P2P) trading, where users can buy and sell crypto directly with other individuals. To use this option, you log in, choose “P2P Trading” from the Buy Crypto menu, select your fiat currency, and pick a verified seller. The loyalty rewards payout for this day will be $2,500, and this balance is displayed on the Loyalty Rewards page as a “Pending Balance”, and changes everyday once the calculations are performed at midnight. 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.

Other articles listed on the Blog are about the STK Standard, the lightning network, and crypto portfolio indexes. With the new Beaxy Cryptocurrency Exchange, traders will benefit from operational efficiencies, constant innovations, and an empowered financial freedom. All of these in a forward-looking exchange that takes into account client experience and an open approach to new technologies. What came as the most impressive feature of this aspect is its live chat operated by experts and industry professionals. For users who are non-English speakers, they may utilize the multi-language assistance feature. Tickets are also available for immediate queries, while the site has an FAQ section for basic questions.

• Its features are noteworthy and competitive with other exchanges on the market, regardless of how long these exchanges have been in the industry.
• It includes the most-used indicators such as Bollinger Bands, average True Range, MACD, and Moving Average.
• 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.
• Once the matching engine fixes you up for your order and it pushes through successfully, you will receive the funds on your account.

Beaxy Features and Options

The platform is known for its user-friendly interface, low trading fees, and advanced trading tools. Choose your preferred currency and specify the amount you intend to spend. Next, select the digital asset you want to acquire and click the buy button to finalize your transaction. Benefit from price forecasts boasting a 70% success rate, along with comprehensive technical analysis, effective timeframes, and achievable targets. Take advantage of complimentary signals designed to enhance your success rate in cryptocurrency trading. If you’re eager to participate in the emerging bull market within Crypto Trading, Beaxy Exchange is the optimal choice.

The KYC verification process is conducted via Mati who store encrypted user data in AWS servers in the USA. After generating an address, you’ll see the standard QR code and alphanumeric string and either can be used to transfer funds from an existing wallet. 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. Among this list of key features is the Public API Portal, which provides clients comprehensive data to expand the potential of their trading systems. This feature is recommendable for both beginners and experts in algorithmic trading.

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. Curv custody of crypto, FDIC Insurance of fiat, along side it being a completely compliant exchange. The BingX Card is a practical option for EU-based crypto users who want to spend or withdraw their assets directly. The support for USDT and USDC makes it especially appealing for stablecoin holders. The BingX Card is a cryptocurrency debit card issued under Mastercard, allowing users to spend their crypto globally by converting it into euros (EUR) at the time of use. It supports both online and offline payments, as well as ATM withdrawals where Mastercard is accepted.

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. Austin specializes in topics related to cryptocurrencies and blockchain technology. 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.

How to Buy, Sell, and Deposit Crypto on BingX

It is to the hope of the review team that this literature would start a string of other reviews from individuals across the net to help the cause of objectively seeking out outstanding cryptocurrency firms. First, sign up for an account on Beaxy’s official website by filling out your personal information. Once your registration completes the verification process, you now have an account and can trade with Beaxy. Deposit the funds needed to your account so you can begin buying and selling cryptocurrencies.

On the other hand, professional traders can earn a share of profits when others copy their strategies. For users who want to buy or to sell Bitcoin, it must be noted that this digital asset takes longer to process compared to the likes of Ethereum. This is probably owed to the high demand and volatility that BTC receives, being the forerunner of cryptocurrency technology. This is the VIP program for Beaxy clients and a membership in this entails you to a few special perks. With Beaxy Black, you can increase your rewards in Bitcoin, which can go as high as 30%.

The wide support for local currencies is one of its strengths, especially compared to exchanges that only handle a few major fiat currencies. After entering the amount, the platform calculates how much crypto you will receive. Payment is made outside BingX using the seller’s preferred method, and once confirmed, the crypto is released to your account. The company has also said it plans to expand AI into other areas, including product design and operations.

It’s informative – many teach you how to be a better trader as well as keep you aware of recent news. Lastly, it’s not boring, which is always a bane of the otherwise well-done text content. You can trade on-the-go using the Beaxy mobile platform, which is available for Android and iOS. You can trade like a professional and access the markets wherever you are. The mobile platform offers the same functionality as the web platform, so you can expect nothing but the best.