It works by sending the six digit code to you in the form of a text message instead of getting the code from an authentication app. SMS 2FA has a wider attack surface relative to a key-based 2FA because getting access to your phone number is significantly beaxy review easier than a secure key-based app. Hackers have been known to copy victims’ sim cards in what is referred to as a ‘sim swap attack.’ Once copied, any SMS-based 2FA will be invalid as the hacker will have access to the access code.

1. After generating an address, you’ll see the standard QR code and alphanumeric string.
2. Our editorial team has hands-on experience in investing, trading, and analyzing the crypto market and through our detailed review page you will get a full picture of what we think about different exchanges and brokers.
3. The first time you deposit into a wallet, you will have to generate the wallet first.
4. The chart is made by Tradingview which guarantees top-tier charting all the time.

And while there are still areas that can be improved like client data security, trading with Beaxy would prove to be fruitful and highly-advantageous to both novice and seasoned crypto trader alike. Beaxy’s custody wallet is also something that the review team had found to be one of the service’s strong features. Once all the necessary requirements are submitted, the user will then undergo a verification process that will begin through the user’s agreement to Beaxy’s Terms and Conditions. The fee structure and various incentives should prove successful in helping to attract users to the platform and improve the validity of the BXY token. More experienced crypto traders will be impressed by the variety of market orders available on Beaxy, and they include Market, Limit, Post Only, Limit IOC, Limit FOK, Stop Loss, Stop Loss Limit, Take Profit, and Take Profit Limit orders. 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.

Beaxy Withdrawal Fee

After entering the usual login credentials, the exchange will then require you to enter the six digit code being displayed in your authenticator app. This means that a hacker must have access to both your device and login credentials in order to access your account. Second, click “withdraw crypto” or “withdraw fiat” in the left menu depending on your preferred withdrawal currency.

Is Beaxy regulated?

Using Beaxy’s services for a month had rendered positive findings specifically the KYC Protocol, the number of cryptocurrencies traded through the exchange, and the commissions and bonuses that it has in store for its clients. An address is required prior to the reflection of coins in the user’s account. Once the address is set up, the account would automatically be filled with the cryptocurrency the choose uses. This allows Beaxy to provide solutions for high frequency traders and the platform is designed to scale and is already able to handle 225,000 transactions per second. In the future, the team aim to add OTC trading capabilities, margin trading, and portfolio management features that will appeal to a variety of traders.

An ultra-modern crypto training app is also an option when choosing Beaxy and it’s a strong recommendation for all traders who want to bring crypto to their smartphones. Our team worked throughout the year to bring additional functionality to the platform wherever it made sense. In 2021, we look forward to improving these releases and delivering new capabilities that will improve our trader’s experience on Beaxy. Join the Beaxy Updates Telegram channel to stay up-to-date on current offers and promotions, a curated set of the top news in crypto, plus updates on all things Beaxy.

Beaxy

Making it hard for traders to spot when wash trading or front-running is going to harm their position. Beaxy’s Proof Report compiles a record of every order that is sent to, modified, canceled, or executed on the exchange. The team behind the platform, lead by CEO Artak Hamazaspyan and CTO Mittal Patel, has proven very transparent. Beaxy also incorporates its native BXY token, allowing users to participate in staking to receive a 50% discount on trading fees.

The first time you deposit into a wallet, you will be asked to generate an address for it. Custody and insurance work together to give the user the peace of mind they need when using our platform. A strong custody solution makes it extremely unlikely that funds can be stolen from an exchange, and insurance is our confidence that our security is strong enough. As important as both of these measures are, many cryptocurrency exchange’s do not offer have of these measures in place.

In addition, clients are also rewarded with a 100% bonus upon deposit with Beaxy of $500 equivalent in USDC. Beaxy.com also allows the buy and sell bitcoin or such coins as Litecoin, Monero, Zcash, Ripple, Waves, DASH, USD Coin, and Pundi X alongside others. Crypto traders would find further information regarding the other coins in the system’s circulation through Beaxy’s official website.

The platform aims to provide traders with a comprehensive service that appeals to both newer traders and more experienced participants. You may have seen some items from our “Swag Packs” circulating around the web — which were sent out as early promotional items — but don’t worry! We plan to offer Beaxy branded merchandise that can be purchased with BXY directly from us. As the exchange continues to develop, we will remain open minded about additional ways we can utilize the BXY token to provide added value to your BXY tokens.

Payouts for Loyalty Rewards

The Beaxy Exchange mobile application gives you everything to be aware of and active in the crypto markets. Use the mobile application to seamlessly open and close positions, monitor open positions, set price alerts for your favorite assets, get important updates and offers from Beaxy, move your crypto and fiat while on-the-go, and more. Download the Beaxy Exchange mobile application for iOS and Android devices for cryptocurrency trading on-the-go. With the Beaxy mobile application, you get access to Signals through Trender, the swipe-based trading application that is similar to popular dating applications. When you see a suggested trade you want to take, swipe right to submit your market order and open the position that is recommend based on aggregated market data. If the opportunity is not appealing, simply swipe to the left to see other setups that were generated by Trender.

Before you can begin filling in orders and executing trades, you have to create an account with Beaxy. Your registration will go through a comprehensive verification process. Once you are verified, you can deposit funds to your account and use the logins verified by Beaxy. Beaxy Exchange is leading the charge towards truly impenetrable security. As mentioned above, exchange-level security is a high-stakes operation of which all other aspects of security are dependent on.

Supported Devices

These price predictions have a 63% win rate and are pre-built technically with data-driven pattern recognition. With these crypto signals you don’t have to look for setups on your own, everything is done by the computer. This and much more are available and I understand why so many traders like the platform.

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. Now what if Beaxy’s native exchange token (BXY) can offer traders more value from holding and using rather than selling? This was the goal in mind when designing the initial utility of the token, as well as the inspiration for the additional features that will become available as we build the exchange out.

The Safest Crypto Exchange: Beaxy’s Custody Solutions

The Beaxy Blog is a compilation of news articles and tutorials about cryptocurrency trading. It provides extensive knowledge about the crypto industry, the history of Bitcoin, and reviews about new applications and technologies relevant to crypto trading. This is a membership program that lets investors increase their BXY token rewards and Bitcoin rewards for up to 30%. This program has a built-in customer support team that will assist the trader with anything. Security measures are one of the most important factors you should be looking at when choosing an exchange. 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.

Beaxy’s Public API Portal provides real-time market data, which means that traders will no longer connect to multiple exchanges to get the best market prices. You can also view historical price and volume data, as well as receive notifications when trades are executed. 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. With all that said, Beaxy does indeed follow top security practices, and offers security features that really bring the user peace of mind because they know that their assets are safe.