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. These services range from automated technical analysis to customized trade alerts that are tailored to your strategy.

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. This means that no other crypto exchange will have access to this technology. The platform aims to provide traders with a comprehensive service that appeals to both newer traders and more experienced participants. You can save time by automating your trades, increase efficiency by employing bots to run day and night.

• Increase your profit margin by spending less on fees when you trade fiat for crypto.
• 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.
• Launched on 10 Jun 2019, Beaxy.com Exchange is a centralized exchange, headquartered in The Board of Trade in Chicago, IL.

The Trustpilot Experience

This technology can support hundreds of thousands of trades per second with less than a millisecond of latency, which is very fast when compared to other exchanges. However, like everything else, for this to really shine, you need actual trading volume. With over 100 trading pairs, Beaxy will have a maximum capacity of 22.5M tx/s. Security measures are one of the most important factors you should be looking at when choosing an exchange.

Adding CFX to your platform results in less chargebacks, higher acceptance rates, lower fees, and no rolling reserve requirement. Once CFX is integrated with your trading platform, your clients can purchase crypto for as little as 2.1% and the funds will automatically credit to their FX trading account. Below are a few of the advantages the exchange itself promotes on its website. Among these, security, performance, low trading fees and 24/7 support are the ones we deem most important. Naturally, referral programs and options to customize the trading experience are also positive.

• Beaxy Cryptocurrency Exchange exchange application available on both world famous mobile store google play store and iOS store .
• 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.
• These services range from automated technical analysis to customized trade alerts that are tailored to your strategy.
• Accordingly, also the withdrawal fee model at this exchange is competitive.

Free Crypto Coverage Direct To Your Inbox

This is coupled with advanced trading features and low fees, making it an all-around great exchange. The exchange, which launched in 2019, was a fiat-to-crypto trading platform aimed at blending traditional finance with digital assets. Its native coin (BXY) and related loyalty program, which offered up to 12% APY, were its most notable features. 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. Beaxy has a tiered fee structure that starts at a 0.25% fixed fee per trade on market takers and a 0.15% maker fee.

Beaxy.com Crypto Exchange Review: It Is Good Or Bad?

Through Beaxy’s US Trust partner, Prime Trust, your fiat holdings on the exchange are backed by FDIC insurance for up to $250,000 per account. Beaxy gives you access to globally sourced liquidity that results in competitive entry and exit levels when you trade BTC-USD. Increase your profit margin by spending less on fees when you trade fiat for crypto. In the future, the team behind the platform aims to add some very interesting features, such as OTC trading capabilities, margin trading, and portfolio management. There are various explanations and tips on how to navigate the platform placed in easy to find locations.

Beaxy Review – Is This Crypto Exchange A Top Pick?

There are also further resources aimed at newer traders such as the FAQ section and Knowledge Base, and the team is active on social media. It can be contacted across their different channels, including their Telegram group, Discord server, and Twitter account. The next step is to log into your Beaxy account and pass the identity verification process. 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.

To find a reliable exchange where you can start an account, just use our Exchange Filters and we’ll help you find the right platform for you. When it comes to the https://traderoom.info/beaxy-cryptocurrency-exchange-review/ Trender trading signal services, it’s difficult to say how well it works without an extended period of time using it. It also probably isn’t suited for anyone with a lot of trading experience, but the assumption is that Beaxy aims to target those more unfamiliar with digital assets or legacy finance. 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. With Beaxy Black, you’ll also get rewards for referring friends. For each person you refer to the program, you’ll receive extra percentage points for any transaction fees collected throughout their trading.

How does the scam unfold?

The exchange claims to support 6 fiat pairs, a two-way fiat ramp, credit and debit card support, and spot cryptocurrency trading. Cryptocurrencies are reportedly secured by Curv institutional custody and fiat accounts are insured up to $250,000. Beaxy Exchange offers prebuilt TA, signals, for cryptocurrencies listed on their platform. Members of their team have reportedly built trading desks in Chicago, IL.

Crypto Market Sentiment Pulls Back, USDC Wins Week

Beaxy was an innovative cryptocurrency exchange that offered lucrative rewards and strong trading features. This left previous users of the platform searching for a viable alternative. Choose a cryptocurrency (currently there are 13 coins available for purchase in this way). Enter the amount and select the fiat currency to be used for payment. Wootfi.com is a comprehensive review platform that specializes in providing accurate, up-to-date information on the latest developments in the world of cryptocurrencies, forex, DeFi, crypto wallets, and AI. Our team of experienced writers and analysts are passionate about their work and committed to delivering high-quality content to our readers.

The algorithmic trading strategies available through Hummingbot include pure market making, advanced market making, cross-exchange market making, and arbitrage. 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. Beaxy surprisingly only supports a handful of USDT and USDC pairs as most of its trading pairs are with BTC. People who write reviews have ownership to edit or delete them at any time, and they’ll be displayed as long as an account is active.

Beaxy Trading fees

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. You can only trade your BXY tokens for this token and when you receive it you can lock them up for a certain time, which will get you a percentage of your trading fees back. CFX is a web app custom-built for one purpose To recover the margin FX brokers have been losing to PSPs. Too often providers and their clients are paying far too much to get into and out of crypto.

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. Fortunately, alternative exchanges like Kraken provide better benefits for crypto traders. If you want to trade crypto in 2025 and beyond, then it’s a solid option. Several safe crypto exchanges offer secure trading, rewarding programs, and advanced tools for every level of trader.