After doing all my research, I felt it was time to share it with the crypto space. Stratis is more and more self-sufficient every single day, so I have spare time and decided to look at all the new innovative projects that could have a bright future and make the crypto space a better place. Affiliate partners cannot pay CaptainAltcoin to guarantee favorable review or higher ratings on the website. Beaxy utilises a simple to use and intuitive UI, which is customizable and includes scrolling ticker settings for speed, visibility, and favorite pairs. There are both day and night modes available, making the trading panel easy on the eyes and presenting information and execution panels in a clean and easy-to-read manner.
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. 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 wallet columns include the Wallet Name, Available Balance, Reserved Balance, Locked Balance, Pending and Total Balance and the Is Default feature.
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 Performance and Speed
After analyzing the work of the crypto exchange, user reviews about it and legal information, we came to the conclusion that Beaxy is not a scam. The platform has been working steadily since 2019 and during this time has managed to gain the trust of traders all over the world. In addition, our operations are compliant with all applicable U.S. and international finance regulations.
The SEC documents also revealed that they tried to convince Hamazaspyan into resigning after the BXY offerings. If you have any concerns about the nature, propriety or legality of this token sale or the persons involved in it please contact [email protected] with detailed information about your concerns. You can use the “Take pictures with Smartphone” feature, and both a Driving License and National ID must have both sides uploaded. The KYC process is the same for desktop or mobile users from this point, and Mati will attempt to use your camera in order to take your photo for KYC, and you may need to grant your browser permission to use the camera function. To create an account, click the "Register" button in the upper right corner of the home page. After filling in the data, you need to agree with the terms of use, and click "Register".
- The Beaxy Exchange platform is smart, secure, easy to use, and also features advanced tools for experienced traders.
- Anyone that knows me knows how important it is to me for a project to have a healthy community.
- Any terms and conditions entered into by contributors in respect of the acquisition of Tokens are between them and the issuer of the Token and ICOholder is not the seller of such Tokens.
However, the company is actively researching the opportunities to be registered in Malta or Gibraltrar.
Regulation of the Beaxy crypto exchange
Binance is the best choice when it comes to trading Aion with fiat currencies. The SEC said is litigating its charges against Hamazaspyan for securities fraud and against Hamazaspyan and Beaxy Digital for the unregistered BXY offering. According to his LinkedIn profile, Hamazaspyan left Beaxy in September 2019 and is located in Yerevan, Armenia. You will also find the necessary information on the FAQ pages, the knowledge base and the blog.
After filling in the data, you need to agree with the terms of use, and click “Register”. Marketing is an important part of attracting users to the platform for a healthy trading ecosystem and thus deserves significant expenditure. Operational expenses are those essential to operating the business and include hiring, office space, training and more. Customer support is an area where we want to excel and thus will spend what is needed to deliver superior service to our users. So you can say based on the valuation of other crypto exchanges, the soft and hardcap are pretty fair and at a good valuation for investors.
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. The exchange also incorporates TradingView charts with a full range of technical indicators, and trading analysis, data research, and back-testing services from OneMarketData. 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. 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.
AI Crypto Tokens That Could Do the 100x in 2023
Beaxy aims to become a leader in the crypto trading space and is best suited to people with a good understanding of trading digital assets and using exchanges. The platform also supports cryptocurrency trading for fiat - USD, CNY, GBP and EUR. For the convenience of users crypto exchange has launched its own mobile application with the support of a full set of tools for trading.
What are Beaxy exchange fees?
Beaxy has a tiered fee structure that starts at a 0.25% fixed fee per trade on market takers, meaning you take an already existing order off the book, and a 0.15% maker fee, meaning you put on order on the book. These rates are in line with most industry standards, especially as starting rates.
To get the bonus, register your account, join the bonus program on the Deposit page, get verified and get a bonus of 100% when you deposit up to 500 USD. For trading on the platform beaxy.com you need to register, connect two-factor authentication and pass KYC verification, let's look at each of these steps in more detail. The information on this document does not constitute legal, tax, or investment advice.
Buy Crypto
Windy agreed to pay $79,000 in fines without admitting or denying the SEC’s allegations. The lawsuit also accused Beaxy's founder Artak Hamazaspyan and Beaxy Digital of "raising $8 million in an unregistered offering of the Beaxy token (BXY)" and using at least $900,000 for personal use, such as gambling. Shortly after the Securities Exchange Commission (SEC) filed a lawsuit against crypto exchange Beaxy, it suspended its services. If any assets were left on the exchange, they are secure and will be made available for withdrawal within 24 hours after all user orders are canceled and balances verified. From here, you can select which document you wish to use to verify your identity, and acceptable forms include a Driving License, a National ID, or a Passport. It’s worth noting that users based in the USA cannot use a passport for verification due to state-specific laws, and must use a valid driver’s license or state ID.
As Beaxy is still building its reputation and developing its user base, it offers an attractive fee structure, and the BXY token allows users to reduce their fees by up to 50%. Users can also earn a portion of trading fees by locking up PLS tokens and onboarding friends onto the platform via the referral program. 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.
Which is understandable, because in order to have FIAT integrated you have to comply with a lot of regulations, especially in the USA. You can find more of their team members and advisors in the whitepaper, you can find the link at the bottom of this article. That being said, currently, Beaxy Exchange is in the final stage of discussions with Optiv, cyber security giant, to provide penetration, cloud infrastructure, white box, black box, and many more tests to insure Beaxy’s security. I had the privilege to spend a few hours with the CEO, Artak Hamazaspyan, to ask all my burning questions and got satisfying answers all across the board.
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. Beaxy, a U.S.-based cryptocurrency trading platform, allows you to trade, buy, and sell popular cryptocurrencies such as bitcoin and ethereum.
This platform is not only available from your desktop, you can also access it via your mobile. Most traders in the crypto world today carry out their trades via desktop (around 70% or so). However, there are naturally people out there that want to do it from their smart phone as well. The exchange was previously registered in Saint Kitts and Nevis, but it is now owned by Windy Inc. (a Delaware corporation) and Beaxy's headquarters today are in Chicago, Illinois. Cryptocurrencies can fluctuate widely in prices and are, therefore, not appropriate for all investors. Trading cryptocurrencies is not supervised by any EU regulatory framework.
The user interface is intuitive and the dashboard is well laid out and there are various explanations and tips on how to navigate the platform placed in easy to find locations. These include high trade processing speeds, advanced order types, high grade https://traderoom.info/ security protocols, loyalty and referral programs and 24/7 customer support. The team at Beaxy aim to provide crypto/fiat functionality, high performance capabilities, cutting edge security, and extensive customer support, alongside reasonable fees.
- We can help you to create a springboard for building your crypto portfolio and guide you to a comprehensive understanding of the processes connected with trading on a cryptocurrency exchange.
- I had the privilege to spend a few hours with the CEO, Artak Hamazaspyan, to ask all my burning questions and got satisfying answers all across the board.
- For the convenience of users crypto exchange has launched its own mobile application with the support of a full set of tools for trading.
- To create an account, click the "Register" button in the upper right corner of the home page.
- 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.
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. Launched on 10 June 2019, Beaxy Exchange is a centralized exchange headquartered at The Board of Trade in Chicago, Illinois. The exchange supports 6 fiat pairs, a two-way fiat ramp, credit and debit card purchases, and spot cryptocurrency trading. Cryptocurrencies are reportedly secured by Curv institutional custody and fiat accounts are insured up to $250,000.
Those who join through a referral code will be granted a Platinum level account (20% discount on trading fees) for a limited time period . As mentioned earlier you can receive a discount of 50% in trading fees when you use $BXY tokens. Beaxy Exchange - a young reliable cryptocurrency exchange with a wide range of instruments and free trading signals. The exchange regularly adds new cryptocurrencies, expanding trading opportunities on favorable terms. The company offers trading in the modern MetaTrader 5 terminal with the possibility of opening fiat accounts. In general, the cryptocurrency exchange can be called a reliable developing platform with high chances of reaching the top of cryptocurrency exchanges.
Beaxy Exchange suspends operations after the US SEC charges - CoinJournal
Beaxy Exchange suspends operations after the US SEC charges.
Posted: Thu, 30 Mar 2023 07:00:00 GMT [source]
The Beaxi.com User Agreement is a document regulating the relationship between the user and the administration of the cryptocurrency exchange. The document defines the basic order of work on the exchange, as well as the rights and obligations of the parties. According to this document, registration on the platform is available beaxy exchange review to persons over 18 years old. The history of crypto exchanges who held a token sale is quite interesting as well. Exchange investments show an average 900% return, topping all other categories. With the staking program, you will have the option to lock up some of your $BXY tokens to receive a discounted trading fee.
You must not, therefore, rely on the content of this document when making any investment decisions. The Beaxy private sale has started in June 2018 and there was a family and friends round in January 2018. The private sale is currently ongoing, currently there is raised around $ 3 million USD. There is a soft cap of $ 4.2 million USD and a hard cap of $ 19 million USD.
Any trading history presented is less than 5 years old unless otherwise stated and may not suffice as a basis for investment decisions. Since the collapse of the crypto exchange FTX, US regulators and lawmakers have intensified their scrutiny of crypto-related firms. Shortly after the charges were announced, crypto exchange Beaxy suspended all operations, citing regulatory uncertainty. According to the SEC, the crypto exchange had agreed to cease all operations.
What is a Beaxy exchange?
According to the SEC's complaint, since October 2019, Nicholas Murphy and Randolph Bay Abbott, through the company they managed, Windy Inc., maintained and provided the Beaxy Platform as a web-based trading platform that facilitated buying and selling of crypto assets that were offered and sold as securities.
