Beaxy is a powerhouse platform that is well-suited from manual and automated trading strategies. Generate API keys in your account and connect them to popular trading bot platforms like Gunbot, Hummingbot, and Autonio. Getting started with an algorithmic trading bot is easier than you might think. Hummingbot is free to download and allows enables you to become a bona fide market maker in minutes. Simply download and install the platform and set the parameters/criteria you want to automate your trades and then let Hummingbot do the rest. A full view of market depth, order book, and order flow is readily available as well as a sentiment meter that will inform you of the rough sentiment among buyers and sellers.

Write a review

The reward calculations for payouts are performed everyday at midnight UTC, however the actual payouts for loyalty rewards are made on a monthly basis, on the first day of each month with PLS holders receiving rewards for the previous month. In the following example, if a user locks up 100K BXY tokens for 6 months, they will receive 100K PLS tokens. If there are also 10 million BXY tokens locked up in various accounts on Beaxy, there will be 10 million PLS tokens in circulation. The team at Beaxy aim to provide crypto/fiat functionality, high performance capabilities, cutting edge security, and extensive customer support, alongside reasonable fees. In the past few months, a number of crypto firms have been hit with civil lawsuits, as U.S. regulators crack down on the budding industry.

Volume data is untracked

1. The platform aims to provide traders with a comprehensive service that appeals to both newer traders and more experienced participants.
2. The exchange team contains CEO Artak Hamazaspyan, CTO Mittal Patel, COO John Galvagno, and Director of Engineering Federico Almaraz.
3. One-click is available for all crypto scalpers out there who are looking to trade order flow.
4. The whole process took less than five minutes and the customer service guy was insanely helpful – he even offered to give me one-on-one training on how to use the platform.

She specializes in developing low latency enterprise applications with extensive experience in Agile methodologies. She also has over 10 years of experience with technologies like Core Java, J2EE, AngularJS, JavaScript, Hibernet, and RESTful Web Services. Securely store your assets in bulletproof protected custody wallets. Access order books on par with the largest crypto markets in the world.

Most transparent and user focused…

Users can also earn a portion of trading fees by locking up PLS tokens and onboarding friends onto the platform via the referral program. Trading cryptocurrencies can be a great way to diversify your trading portfolio – especially given how dynamic and energized the crypto market is at the present time. As such, there are many reasons why someone might find value in a cryptocurrency exchange. Within that spectrum, there are members who like to buy cryptocurrency to hold it as a long-duration investment while there are others who prefer to cash out into a stable coin daily after playing the ups and downs of a particular market. However, users who choose to pay their trading fees in BXY tokens receive a 50% reduction and pay a fee of 0.1%, and anyone participating in the exchange’s Staking Program can reduce their fees by an additional 25%. Market makers are being encouraged to use the exchange and are exempt from trading fee commissions.

Buy your stake in the future

Please make sure to do your own research, make educated financial decisions and consult your Financial Advisor. 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. As a result, https://traderoom.info/beaxy-cryptocurrency-exchange-review/ could be well worth getting to know early on and users can take advantage of the various incentive programs to make their trading activities more cost effective. 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. From here you can click the Mati “Verify me” button, and choose your preferred language.

The Securities and Exchange Commission also accused the exchange’s founder of misappropriating customer money.

He is particularly interested in the long-term implications of blockchain technology for politics, society and the economy. The integrated price charts are placed in the center of your browser, and at the top of the screen, there is a quick summary of important information such as the bid/ask spread, percentage change and volume updated in real-time. The order panel and trade history are placed on the left, while the right is reserved for the order book.

TradingView provides the price charts that are located in the center of the interface and provides a full range of technical indicators and various charting color options. 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.

If I wish to have my order executed immediately I can place a ‘market’ order, which will buy or sell at the best market price. You can use the “Take pictures with Smartphone” feature, and both a Driving License and National ID must have both sides uploaded. Smartphone users can click the link at the bottom of the panel to get further instructions via email on how to proceed. The project held an Initial Coin Offering (ICO) which ran until September 2018, and raised approximately $3 million in funding, and the exchange has just recently launched. Nikhilesh De is CoinDesk’s managing editor for global policy and regulation.

In total, https://traderoom.info/ is selling 60% of the tokens and there is a soft cap of $4.2 million and a hard cap of $ 19 million USD. Once you completed the above steps, you will have to wait until you receive a notification that your documents have been approved, which might take up to a couple of hours. If I want to buy Bitcoin I place a ‘bid’ order and if I want to sell Bitcoin a place an ‘ask’ order.

The exchange also incorporates TradingView charts with a full range of technical indicators, and trading analysis, data research, and back-testing services from OneMarketData. 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. To start the KYC verification process, click on your name and select KYC in the drop down menu. Beaxy suspended services on its exchange and ceased operations “due to the uncertain regulatory environment surrounding our business,” the company said on its website—the SEC said in a statement Beaxy agreed to shut down the platform.

Of course setting up an account for buying and trading cryptocurrency will take a little bit longer because Beaxy requires users provide some amount of personal identification to avoid money laundering. The team behind the exchange are aiming to provide a comprehensive service that appeals to users of all experience levels. 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.

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. 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.

This platform lets all traders automate their trades on the exchange and use market-making strategies and other advanced strategies through the easy-to-use interface. 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. No, Beaxy is not similar to a traditional finance broker, they offer no financial services such as lending. Users must already have assets to bring to the exchange in order to make use of it.