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. Beaxy’s customer support also includes a massive Help Center where you can find tens of valuable articles explaining how exactly to use the exchange. Users are encouraged to first check their Help Center if a question arises.

He is particularly interested in the long-term implications of blockchain technology for politics, society and the economy. 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.

The platform is set out in a way that makes it easy for new users to get acquainted. The exchange also features the most advanced interface, data compilation, trading tools, and security measures to date. The fees on the Beaxy exchange are fixed at 0.2% of whatever you deposit, however, the BXY token allows users to reduce their fees by up to 50%. There is also an option to earn a portion of trading fees by locking up PLS tokens and onboarding friends onto the platform via the referral program.

FOLLOW SOCIALS

However, there are naturally people out there that want to do it from their smart phone as well. If you’re one of those people, then this platform can still be for you. To apply, you must fill out an application, have a fully registered and funded account (deposit funds), and trade a minimum of $2,000 worth of crypto each week. Although the Beaxy exchange itself doesn’t technically have a trading bot, it has linked up with Hummingbot, which allows users to incorporate its open-source trading bot into the platform via an API. The trading fees for Beaxy are also relatively low, with a maker fee of 0.1425% and a taker fee of 0.2375%. Oftentimes, traders that are successful are traders that learned how to remove as much bias, fear, and greed as possible from their mentality.

We use dedicated people and clever technology to safeguard our platform. Just like 4bit.live, one of the primary concerns with Beaxy.io is its lack of regulation by reputed authorities such as CySec, ASIC, FCA, CNMV, and others. This unregulated platform operates without the necessary regulation, raising doubts about the safety of your funds. While regulation alone does not determine a scam, it is an essential factor to consider. Rene Peters is editor-in-chief of CaptainAltcoin and is responsible for editorial planning and business development. After his training as an accountant, he studied diplomacy and economics and held various positions in one of the management consultancies and in couple of digital marketing agencies.

Put simply, increased autonomy, accessibility and security for your digital assets. As one advantage that Beaxy promotes, they mean that the KYC-procedure on their platform is much easier to follow and comply with than the KYC-procedures at other major American crypto exchanges. The information in the below picture comes from 18 September 2019. This fee is line with the historical global industry average, which was arguably around 0.25%. Today, however, the industry average is 0.213% for takers and 0.16% for makers, so Beaxy is a bit above average when it comes to taker fees. Once your account is funded, you can then begin day trading at Valr.

At this exchange, they accept fiat currency deposits (both wire transfer and credit cor debit card transfers) through Simplex. This means that this exchange is what we call an “entry-level exchange.. Go to the “Withdraw” window, select the asset you want to take out and fill all the required fields. Note that you won’t be able to withdraw currencies if you haven’t secured your account with 2FA and/or whitelisted addresses.

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 https://traderoom.info/beaxy-cryptocurrency-exchange-review/ itself is an ERC 20 token and gives users of the platform many other benefits, such as loyalty rewards and coin staking. One of the world’s most trusted and secure crypto exchanges with low fees and advanced trading tools. The platform is renowned for its prioritization of security, transparency, and regulatory compliance.

The Trustpilot Experience

However, if you can’t find an answer then just head straight over to their support ticket form or live chat and they will give you an instant answer. The Beaxy team is already pretty big and has 25 full-time employees and 25+ halftime contributors all over the world. The exchange team contains CEO Artak Hamazaspyan, CTO Mittal Patel, COO John Galvagno, and Director of Engineering Federico Almaraz. Beaxy’s fee structure was competitive, but the exchange is no longer operational. The exchange had a strong security record prior to its shutdown in 2025. The exchange takes pride in its strong focus on security and regulatory compliance.

Beaxy: Traders Are OBSESSED With These Features

• Although Beaxy generates the signals, the Trender has an option to filter by timeframe, favorite assets only, and signal strength.
• 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.
• As for the Hummingbot and Beaxy Black, the friction of actually implementing the bot or applying for Beaxy Black will make both largely unappealing to most traders.
• This is coupled with advanced trading features and low fees, making it an all-around great exchange.

This exchange allows users to buy, sell, store, and trade crypto assets and fiat currencies, including over 40 trading pairs with several fiat currency-based pairs. Beaxy also features a trading bot called Hummingbot, a Beaxy Black VIP program, a signal service, and more. Learn more about this crypto exchange by reading our complete Beaxy review.

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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. This is not to say either service is terrible, but they certainly aren’t good compared to other bot trading platforms or cryptocurrency exchange VIP/reward systems. That said, Beaxy Black’s extremely attractive fee structure can reduce trading fees significantly, and the additional customer support could be very useful. Some of the rewards include up to 30% back in trading fees (in BTC), offers personal customer support, and awards BXY token (Beaxy’s utility token) according to your trading volume.

Beaxy Crypto Exchange offers prebuilt TA, signals, for cryptocurrencies listed on their platform. On the date of last updating this review the 24-hour trading volume was as low as USD 1,612 vis-a-vis  USD 19,676 on 18 September 2021, according to Coinmarketcap.com. We hope for Beaxy’s sake that this trading volume improves substantially. Otherwise, it will be difficult for Beaxy to attract new trading users to its platform. Austin DeNoce is a writer, personal investor, and entrepreneur who is focused on trading and investing education for macro, crypto, equities, derivatives, and foreign exchange traders.

The exchange enforces strict KYC (Know Your Customer) and AML (Anti-Money Laundering) procedures to meet global standards. Beaxy reached a settlement with the SEC that saw them agree to pay fines totaling $165,200, cease operations, and shut down their platform. Following the shutdown, customers were advised to withdraw all their assets within 30 days.

By creating an account you get access to a wide variety of payment rails, automated trading systems, assistive trading tools, bulletproof security, and more. After your transfers have been confirmed by the network and Beaxy displays your wallet’s funds, you are free to trade on the exchange. 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. He has a keen and vested interest in cryptos involving decentralized backend exchanges, payment processing, and power-sharing. Yes, prior to its shutdown, the platform had a partnership with the Gunbot trading bot, which allowed Gunbot users to connect to the exchange at no extra cost. If you’re thinking about trading crypto, you’ll need a crypto wallet to keep your digital assets safe.

Visit Beaxy and create a free account to join the large community of traders that are already refining their results with assistive trading tools and automated trading systems. Apply for VIP membership with the Beaxy Black program to get 30% of your trading fees back in BTC and compete for loyalty rewards! Beaxy Exchange offers it’s traders the best loyalty reward programs that allow them to earn up to 12% APR, get rebates of 30% on trading fees, and trade or own more of their favorite cryptocurrencies. Beaxy is a new exchange that looks to be one of the most promising up-and-coming exchanges on the market, bringing many new features and a high-performance trading engine to market with a smooth user interface.

• However, if you can’t find an answer then just head straight over to their support ticket form or live chat and they will give you an instant answer.
• The Beaxy cryptocurrency exchange supports over 40 trading pairs but only about half as many individual assets.
• The trading fees for Beaxy are also relatively low, with a maker fee of 0.1425% and a taker fee of 0.2375%.
• There is also another way to get discounted trading because with the staking program, you will have the option to lock up some of your BXY tokens to receive a discounted trading fee.
• The fees on the Beaxy exchange are fixed at 0.2% of whatever you deposit, however, the BXY token allows users to reduce their fees by up to 50%.

As for the Hummingbot and Beaxy Black, the friction of actually implementing the bot or applying for Beaxy Black will make both largely unappealing to most traders. Although Beaxy generates the signals, the Trender has an option to filter by timeframe, favorite assets only, and signal strength. Once you deposit funds and complete the identity verification process, you can check Beaxy’s listed trading pairs and in its mobile app to find a live signal with professional-grade technical analysis pre-built onto its chart. The last feature of Beaxy’s platform worth mentioning is its signal service that uses pre-built technical analysis to offer actionable trading signals with an acclaimed 63% win rate. 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.