Beaxy Review 2019: Guide to This Exchange, Is it Safe? All Pros & Cons

The exchange also incorporates the ERC20 BXY Token which allows users to participate in staking in order to receive a 50% discount on trading fees. Discounts on exchange trading fees can be obtained by holding a certain level of daily trading, as well as holding a certain number of BXY coins on your balance. A total of six account statuses are available on the platform. The maximum discount on trading commissions is 25%, which is provided to holders of BXY amounting to 12,000 USD.

• For the majority of order types, price trailing can be utilized to determine the best entry and exit locations.
• As soon as the price reaches the bottom band, a purchase order is placed without further trailing.
• Built from the ground by LINE’s leading security team, based on the global technology service experience from serving almost 186 million monthly active users.
• 1inch is a DEX aggregator that offers the most favorable swap rates across hundreds of decentralized exchanges, charges no commission and allows for interaction with tokens on 10 leading blockchains.
• Beaxy is, by all means, an Excellent US-based crypto exchange.
• For instance, you could configure Gunbot to buy an asset at a percentage from the lower Bollinger Band and sell it using the trailing stop/stop-loss method.

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An advanced API trading interface that supports many orders provides a wide range of technical support to professional investors. 1inch is a DEX aggregator that offers the most favorable swap rates across hundreds of decentralized exchanges, charges no commission and allows for interaction with tokens on 10 leading blockchains. An advanced algorithm automatically splits swaps across different markets to ensure users get the best possible price for their trades. For example, the 1inch API can be integrated with any DeFi platform or application to provide users with the best swap rates. Launched on 10 June 2019, Beaxy GMT Exchange is a centralized exchange headquartered at The Board of Trade in Chicago, Illinois.

Top 5 Wallets

Additionally, if users combine staking BXY together with staking their earned loyalty points, they can bring them down even further to just 0.075%. For Bitcoin transactions, this might take up to 15 minutes. For ERC-20 tokens and other coins it usually takes less than 5 minutes. After generating your address, all you have to do next is to deposit your coins on that address and wait until the transaction is confirmed by the network.

After clicking on the link, you will be asked to log into your account. 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 shares many characteristics with Binance, but is still nowhere near the daily volume of this titan and its security systems are also not as battle-tested yet. Although Binance has had some minor crises in the past, having been hacked for 7,000 BTC at one point, its CEO has proven to handle such situations perfectly and no users have ever lost their funds. With a total of 100 trading pairs, that would equate to a maximum capacity of 22.5M tx/s.

Parent Company

This is similar to Binance’s fee structure as well, which only offers lower fees than Beaxy for users trading more than 100 BTC worth of cryptocurrency a month. There is a free demo version of Gunbot available on site if novice traders want to test it out and see whether they’re up for the challenge. However, because not all functions are accessible through this web-based demo, it is difficult to fully grasp the platform’s potential. If you enjoy the service, you can always upgrade your plan at a discounted rate. The backtesting add-on enables backtesting for practically all of the Gunbot-available strategy parameters. Additionally, it may be used to transmit alerts based on Gunbot strategies, which Gunbot will then execute when the TradingView add-on is activated.

Bitfinex provides several trading options, including spot trading, margin accounts, derivatives, and paper trading. But the company has a history of regulatory challenges, including theft of users’ money and multiple fines. In Oct 2021, MATIC the CFTC fined Bitfinex $42.5 million for misleading investors about its Tether stablecoin.

Configure a Trading Strategy

Jump start your crypto portfolio with $5 in free Bitcoin after you sign up. Discover how specific cryptocurrencies work — and get a bit of each crypto to try out for yourself. Coinbase has a variety of features that make it the best place to start trading. Buy and sell popular digital currencies, keep track of them in the one place. Invest in cryptocurrency slowly over time by scheduling buys daily, weekly, or monthly. For added security, store your funds in a vault with time delayed withdrawals.

Trade CFDs, Forex, Stocks, Cryptos and/or choose any other market you prefer. Stay on top of the market with our high-speed order processing. Trade on the go with NAGA mobile apps for iOS and Android devices.

Hold TRON , Cosmos and other beaxy exchange reviewcurrencies and receive regular rewards with our simplified staking. Manage your balances and transactions on the go and never miss any market moves. Deposit and withdraw from cryptocurrency wallets, monitor account balances and orders, view real-time quote updates for all markets, choose your favorite cryptocurrencies and create price alerts for them. Cryptocurrency exchange with 50+ XRP pairs & the first exchange with XRP as a base pair. Digital asset management platform for Bitcoin, Ethereum, XRP and more. Bitrue is a forward-thinking cryptocurrency exchange platform dedicated to providing the most trustworthy digital asset management services in a simple, efficient and secure manner.

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 calculator is located at the top of the trading graph.

Payment methods and limits

The gate history consolidates all actual buy / https://www.beaxy.com/ orders executed. Description of supply and demand rates in the trading platform. Beaxy Exchange offers prebuilt TA, signals, for cryptocurrencies listed on their platform. Members of their team have reportedly built trading desks in Chicago, IL. Their API feature REST and WebSocket as well as FIX, view the documentation here.

Discover the best investors on the leaderboard and copy their beaxy exchange reviews. Get the latest market updates in your NAGA Feed and copy trading signals from the selected providers. Open multiple trading accounts with one of many supported base currencies, including crypto.

• In most cases, it is the best option for a feature-complete bot if you’re unsure about which bundle to purchase.
• Swap between Bitcoin, Ethereum and more than 200 other crypto pairs.
• Maker fees range from 1 to 15 basis points and taker fees from 8 basis points to 25 basis points.
• The project held an Initial Coin Offering which ran until September 2018, and raised approximately $3 million in funding, and the exchange has just recently launched.
• Platinum Account– Requires the staking of 500,000 BXY, and yields a 20% discount on trading fees with a 200 BTC daily withdrawal limit.

Through Crypto.com, you can buy crypto at true cost and buy 55+ cryptocurrencies such as bitcoin , ethereum , Ripple and Litecoin with credit card through our mobile app. The Crypto.com VISA Card allows you to spend anywhere at perfect interbank exchange rates with crypto cashback. CoinLedger (formerly CryptoTrader.Tax) takes away the pain of preparing your bitcoin and crypto taxes. Simply connect your exchanges, import trades, and download your tax report in minutes. Import your trades using the API import tool or upload your trade history file.

The platform offers spot trading, free signals, technical analysis and 24/7 support. Beaxy is a relatively new cryptocurrency exchange and we see strong security features with an active insurance fund of up to $250,000 due to the registration as a Money Service Business. This adds to their credibility and we definitely recommend our traders to use this platform. Beaxy is, by all means, an Excellent US-based crypto exchange. Gunbot is undoubtedly one of the most complete automatic trading systems available to cryptocurrency investors because of its enormous array of features and tools. More than 4000 active Bitcoin traders already utilize the Gunbot website.

Create signals to get alerted when specific price levels are broken or when there is sudden volume spike surge. In this section of our Beaxy review we highlight 6 special features that deserves extra attention. Affiliate partners cannot pay CaptainAltcoin to guarantee favorable review or higher ratings on the website. Unfortunately, Beaxy currently does not have a mobile app.

The user can access the Gunbot from any device because the software license is not connected to any particular device. The required specifications for one boot instance are 2GB RAM, 10GB free disk space, and 64-bit CPUs. You have the option of using Gunbot’s built-in graphical user interface or executing it through the command line.

The goal is to help you decide if Beaxy Exchange is the right fit for you, or if you should look for a different cryptocurrency exchange. Gunbot all plans are lifetime, there are no recurring costs. Although, prices listed in Bitcoin payment are also done with 300+ altcoins, stablecoins, and PayPal. Installing Gunbot on your PC is a prerequisite for using it.