The Beaxy team place security at the forefront of their priorities and the security protocols within the exchange are extremely effective and leave your account protected in many ways. The exchange uses two-factor authentication (2FA) and is compatible with both Google and Authy Authenticators. 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. Before uploading the document, you will need to select the country your document was issued in. It’s also important to note that Beaxy will have an exclusive partnership with OneTick, its flagship software, a comprehensive suite for time-series data management, real-time event processing, and analytics.
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If the exchange’s website would become accessible again and the error is just temporary, we will “revive” it and bring it back to our Exchange List. Despite these features, Beaxy has a number of challenges to overcome, for example the Loyalty Reward Program is not available to residents of the US, while fiat transfers still haven’t been enabled. You must then select the country your document was issued in, before uploading the document. Traders Union (TradersUnion.com) shall not be liable for the consequences of trading decisions made by the Client and for the possible loss of his capital resulting from the use of this website and information published on it.
Although Beaxy generates the signals, the Trender has an option to filter by timeframe, favorite assets only, and signal strength. As you move up the Beaxy Black leaderboards through increased trading volume, you will earn more prizes, so the idea is to encourage high-volume trading. The wallet columns include the Wallet Name, Available Balance, Reserved Balance, Locked Balance, Pending and Total Balance and the Is Default feature.
Customer Support: Are They Responsive?
The team members have assisted multiple conferences and are actively engaging with their users on social media. Mittal is a full stack developer that has worked for IBM software labs as a Rational Product Developer for 4 years. The SEC released a press statement stating that Artak Hamazaspyan, the founder of Beaxy, and the exchange unlawfully raised $8 million in an unregistered offering of the Beaxy token (BXY). Every registered user of Beaxy crypto exchange can participate in the referral program of the service.
Cryptocurrency exchange, Beaxy,has shut down its operations afterover three years oflaunching into the market. The exchange ceased itsoperations in the wake of a lawsuit from the United States Securities andExchange (SEC) which charged the platform and its executives for operating anunregistered exchange, brokerage andclearing agency. Evan Jones was introduced to cryptocurrency by fellow CryptoVantage contributor Keegan Francis in 2017 and was immediately intrigued by the use cases of many Ethereum-based cryptos. Beaxy Exchange offers a blend of advanced trading tools and compliance with regulations, aiming to provide users with a diverse range of assets.
Fees
ICOholder is not involved in any way, including technical support or promotion. Enhance your proficiency in Excel and automation tools to streamline financial planning processes. From here you can click the Mati “Verify me” button, and choose your preferred language. You can also complete the verification process via smartphone, and you can click the link at the bottom of the panel and then enter your email address.
Beaxy Exchange Review 2025: Features and Benefits
- With operating an unregistered exchange and brokerage, the agency said Wednesday in a statement.
- Cryptocurrency exchange on the platform is available after registering and making a deposit.
- To pass the KYC check, you need to specify the country of residence, select the type of identity document and attach its photos.
- Despite these features, Beaxy has a number of challenges to overcome, for example the Loyalty Reward Program is not available to residents of the US, while fiat transfers still haven’t been enabled.
The first time you deposit into a wallet, you will have to generate the wallet first. After accepting the Terms and Conditions and clicking “Sign Up”, you will automatically receive a confirmation email with a verification link. Strictly Necessary Cookie should be enabled at all times so that we can save your preferences for cookie settings. Any terms and conditions regarding token acquisition are solely between contributors and the token issuer. Accordingly, we believe that this exchange has closed down and we have marked it as “dead” in our Exchange Graveyard.
Beaxy assured its customers that their funds are safe and will be made available for withdrawal within 24 hours after all user orders are canceled and balances verified. He is particularly interested in the long-term implications of blockchain technology for politics, society and the economy. There are various explanations and tips on how to navigate the platform placed in easy to find locations. 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. One of the best features is the calculator used to calculate the profits and losses of certain trades that you’re thinking about making.
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The Hummingbot is a nice feature, but it’s very frustrating to get going or learn how to integrate despite Beaxy’s customer support resources. And the application for Beaxy Black hardly seems worth it unless you are a die-hard, high-volume Beaxy trader. To deposit funds on Beaxy, click on the “My wallets” tab at the top right of the screen, and select your preferred currency. After that, click on the + icon next to it, which will expand the list of wallets you have for this currency. Curv eliminates the need for private keys, replacing them with multi-party computation (MPC) protocols that enable transactions to be securely signed in a distributed way to eliminate any single point of failure.
They follow all KYC/AML policies and use Curv as the custodian for users’ funds and wallets. In addition, you will receive increased beaxy exchange review referral fees and monthly prizes from the platform. To earn passive income, you need to freeze 30,000 BXY for a period of 1 month or more.
- The work of our content authors and research groups does not involve any interaction with our advertisers and they do not have access to data concerning the amount of advertising purchased.
- The exchange regularly adds new cryptocurrencies, expanding trading opportunities on favorable terms.
- 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.
- Beaxy’s order panels are a little unusual, but they are still straightforward to use, and Beaxy displays the trade total, fee amount, and available buying power right from the panel.
- Yes, Beaxy is currently missing some top tier cryptocurrencies such as Polkadot (DOT), Cardano (ADA), and Stellar (XLM), all of which are top 10 assets.
To join the referral program you have to register on the platform and get a referral link in your personal cabinet. After inviting a friend to the platform you will receive 30% from his trading commissions. You can track the number of referrals and the amount of earnings in your personal cabinet. Cryptocurrency exchange on the platform is available after registering and making a deposit.
They are planning to provide penetration, cloud infrastructure, white box, black box, and many more tests to insure Beaxy’s security. She specializes in developing low latency enterprise applications with extensive experience in Agile methodologies. She also has over 10 years of experience with technologies like Core Java, J2EE, AngularJS, JavaScript, Hibernet, and RESTful Web Services. Currently, Beaxy does not compare to Binance, they offer nowhere near the same number of assets, and their volume is not even close. They are attempting to become as popular as Binance with their Beaxy Token trying to capture some of the same attention as Binance Coin (BNB) has. This offer is based solely on information provided by the offeror and other publicly available sources.
The blurring of functions and the lack ofregistrations meant that regulations designed to protect investors were notfollowed or even recognized by Beaxy,” Grewal explained. As a result, Beaxy could be well worth getting to know early on and users can take advantage of the various incentive programs to make their trading activities more cost effective. 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. After finishing the KYC application process, you will see the icon next to your name change to “Under Review”, and you’ll receive notification of your results once the review has been completed. To pass the KYC check, you need to specify the country of residence, select the type of identity document and attach its photos.
Beaxy Fees\r\n
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. The first time you deposit into a wallet, you will be asked to generate an address for it. Beaxy is a new cryptocurrency exchange that aims to get ahead of its competition by making improvements across the board, and equipping crypto traders with a completely modernized approach to buying and selling digital assets.
The team also declare that standards on the platform are in line with PCI-DSS and ENISA security standards. In addition, they promise to maintain the confidentiality of user data, and state that Beaxy does not and will not sell user data to third parties. 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. He’s won several national honors in his reporting career, including from his time as a war correspondent in Iraq and as a police reporter for newspapers. Jesse is a graduate of Western Washington University, where he studied journalism and history.