I would love to see a live chat instead of the chatbot as it’s just not enough in many cases when more difficult issues arise. Other than that there is much to complain over as Beaxy seems to be a very complete digital asset exchange. This next-generation digital asset exchange is employing at least 50 persons which makes this a very real operation in terms of the company size and the focus right now is to be able to serve traders in all of the US states. It is registered in the US as a Money Services Business by Financial Crimes Enforcement Network (FinCEN). No, Beaxy is not similar to a traditional finance broker, they offer no financial services such as lending.
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The user will have to connect his or her bank to his or her trading account. Clients are allowed to use debit or credit card or wire transfer to fund and withdraw from their accounts. Payments through Beaxy are also made convenient as the system readily converts the client’s fiat currency into Bitcoin for payments done through the platform. This is something that the review team finds fundamentally beneficial for its users as they no longer have to undergo multi-layered processes.
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If the Parties are unable to resolve a Dispute through informal negotiations or mediation, the Dispute (except those Disputes expressly excluded below) will be finally and exclusively resolved by binding arbitration. YOU UNDERSTAND THAT WITHOUT THIS PROVISION, YOU WOULD HAVE THE RIGHT TO SUE IN COURT AND HAVE A JURY TRIAL. The arbitration may be conducted in person, through the submission of documents, by phone, or online. The arbitrator will make a decision in writing, but need not provide a statement of reasons unless requested by either Party. The arbitrator must follow applicable law, and any award may be challenged if the arbitrator fails to do so. Except where otherwise required by the applicable AAA rules or applicable law, the arbitration will take place in United States County, AZ.
What are Beaxy’s Fees Like?
To start the KYC verification process, click on your “user” tab on the top right of the page and look for the “KYC” button. 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. BXY token itself is an ERC 20 token and gives users of the platform many other benefits, such as loyalty rewards and coin staking.
- There may be information on the Site that contains typographical errors, inaccuracies, or omissions, including descriptions, pricing, availability, and various other information.
- You agree that by accessing the Site, you have read, understood, and agree to be bound by all aspects of this Agreement.
- Such informal negotiations commence upon written notice from one Party to the other Party.
- You can trade on-the-go using the Beaxy mobile platform, which is available for Android and iOS.
Our cryptocurrency exchange was built to bridge the gap from legacy finance to the crypto powered economy while maintaining a tradecraft constructed over decades of experience in legacy markets. Register an account today to start trading over 37 different cryptocurrencies including some of the best performing assets in history like Bitcoin and Ethereum…. Select the currency that you want to pay and the amount that you would like to spend. Next, select your digital asset and click on buy to complete your purchase. Predicting price with a 70% success rate Prebuilt technical analysis with timeframes and targets that actually work. Beaxy Exchange is the best place to go if you want to take advantage of the bull market in Crypto Trading.
• Technology
It is currently headquartered in St. Kitts & Nevis in the Caribbean Islands. Before it completely made its services available, it first launched an Initial Coin Offering in 2018. 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.
Beaxy is available via website browsers such as Chrome and Brave Browser. They also offer a mobile app for iOS and Android for those interested in trading on the go. Beaxy Exchange is safe, though it has had an issue in the past where their system was exploited and resulted in the loss of 44 Bitcoins and 111,000 https://traderoom.info/beaxy-cryptocurrency-exchange-review/ Ripple. Users are encouraged to enable Two Factor Authentication (2FA) and they make a point to point out phishing scams to avoid. Our Beaxy Exchange review will help you determine if it is the right exchange for your needs. We use dedicated people and clever technology to safeguard our platform.
This can be reduced, however, using the exchange coin to pay for fees, which provides a 50% discount. You may also choose to lock your BXY tokens in a wallet, in order to receive additional discounts of up to 25% depending on the amount held. This has the potential to reduce your trading fees by up to 75% in total, leaving you with a rate of .12% in trading fees, which is quite competitive. Unlike Binance, Beaxy will not reduce the trading fee discount over time, meaning that you will not pay more the longer you use the exchange.
Investing in crypto currencies and other speculative investments is very risky. The risk of loss in trading or holding digital currency can be substantial. You should therefore carefully consider whether trading or holding digital currency is suitable for you in light of your financial condition.
Beaxy is a new exchange that is aiming to become a leader in the crypto trading space. It incorporates a range of attractive features with more expected to be added over the coming months and years. https://traderoom.info/ 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.