Further, its Average Daily Exchange Volume has been $108,297 for the past 30 days, equating to 1.19% of its Average Network Value for the same period. These are respectable figures, as those who have read The Definitive Guide To Altcoin Selection will know; I like to see 1% or higher for the latter figure as an indication of speculative interest. Relative to projects from prior reports, this places beaxy exchange review somewhere in the middle.
So, Beaxy is perfect for those traders who want to enhance their crypto-trading experience without much effort and headache. It’s relevant – most speak about some important changes on the markets or on the exchange. It’s informative – many teach you how to be a better trader as well as keep you aware of recent news. Lastly, it’s not boring, which is always a bane of the otherwise well-done text content. For instance, one of the more recent additions is Gunthy tokens issued by the company with the same name and used to fuel Gunbot, one of their creations. It reportedly increases your profits, but if you’ll want to invest some of your spare Gunthy tokens into Bitcoin, you’ll need to come to Beaxy for that.
However, in the past 90 days, the thread has had 69 posts via 33 individual posters, giving an average of 0.76 posts per day; a somewhat sharp decline in engagement. Why Beaxy provides the user with a concise breakdown of the numerous features and benefits of the Beaxy exchange, many of which will be mentioned in later sections, so I’ll refrain from covering them here. Suffice to say, there is plenty here that a trader might get excited about. Important Links contains all relevant resources and PR material, whilst FAQ covers a great number of the most pressing questions a user may have.
In a nutshell, we are a crypto guide with the right ambitions and values. Trading Browser is a global crypto guide for all traders and investors and our focus is always to deliver high-quality content for you, our readers. Some of our platform recommendations might be our partners and we may earn money through our links on our website but this does not change our opinions as all our recommendations are our own.
It is a registered security token, and PLS locked for 1 month will receive a proportional share of 15% of fees collected; 1-6 months will receive 20%; and 6+ months will receive 25%. It’s also worth noting that Beaxy operates a loyalty reward program that incorporates the PLUS Token , an exclusive token to the Beaxy exchange. You can only trade your BXY tokens for this token and when you receive it you can lock them up for a certain time, which will get you a percentage of your trading fees back.
The Trender feature on the mobile app is a particularly valuable tool for new traders. There aren’t many tools that new traders can use to shorten the learning curve for technical analysis. When you check these signals consistently you start to pick up on how price reacts much faster. You’ll be able to find a Signal on most of the assets at any given time which is really helpful. The data provided by Auto-Chartist, the company that provides the Signals, shows a win-rate around 70% when backtested on cryptocurrencies. At Trading Browser we aim to protect the end-user by delivering content that is fully transparent and aimed at user experience, trust, and security above all else.
This digital asset platform is packed with features that traders love. Beaxy is a centralized cryptocurrency exchange established in 2017 and is registered in United States. Currently, there are 9 coins and 13 trading pairs available on the exchange. Beaxy 24h volume is reported to be at $624.53, a change of 249.23% in the last 24 hours. The most active trading pair is GUNTHY/BTC with a 24h volume of $337.98. Regarding the content of the thread, the past 90 days has seen discussion around the launch of the exchange, primarily, with some FUD around the delayed launch.
All content on CaptainAltcoin is provided solely for informational purposes. It is not an offer to buy or sell any security, product, service or investment. 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. 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. After your transfers have been confirmed by the network and Beaxy displays your wallet’s funds, you are free to trade on the exchange.
All content on Blockonomi.com is provided solely for informational purposes, and is not an offer to buy or sell or a solicitation of an offer to buy or sell any security, product, service or investment. The opinions expressed in this Site do not constitute investment advice and independent financial advice should be sought where appropriate. Firstly, the homepage is modern in its design and sleek, unlike many exchanges in this space, with key features displayed below the sign-up form. Having logged into the exchange and navigated to the https://forexbroker-listing.com/ markets, the first thing to note is that the Dark Mode setting is more visually appealing than Day Mode, which tends to be the case on all platforms. The various tools are well presented, with a clean order form in the top left, a TradingView integration centre-screen, a customisable orderbook to the right, and with trade history and open orders beneath these. Each tool can be made full screen and the TradingView integration allows for snapshots and a drawings toolbar, which isn’t the case with some integrations on other exchanges.
Beaxy Exchange: Features Review
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. If you’re one of those people, then this platform can still be for you.
- Those people who are submitting a National ID or driving license, will have to take a picture of both sides of the document.
- The first all-in-one cryptocurrency exchange built by both traders and the fintech industry.
- If you are looking for new technology to improve your results you will be pleased to hear that Beaxy offers to trade with Hummingbot.
- Funneling users to our high-converting landing pages can really move the needle.
If you are in search of interactive tools to make passive income with crypto, staking pools have got them all. DappsDesigned for real-world use cases, offering the stability of operation, enhanced safety of data, and funds, DAPPs are the future of software. Founded in 2014, Bitnation strives to provide reliable and accurate blockchain news, investing guides, market forecasts and reviews. There is no specified amount you should invest in Beaxy, our best investment advice is to only invest what you can afford to lose. When trading with a casback system you earn real cash when your trades are executed in the market. Create signals to get alerted when specific price levels are broken or when there is sudden volume spike surge.
According to our price prediction, our analysis suggests that Beaxy is currently a smart investment. Over the last 7 days, Beaxy has been showing bearish signs, we expect a slight recovery within the next week as investors take advantage of this dip as a good time to buy BXY. Second, click “withdraw crypto” or “withdraw fiat” in the left menu depending on your preferred withdrawal currency.
The app lets you buy, sell, or trade dozens of cryptocurrency and fiat trading pairs with relative ease. The design is easy to navigate and contains all of the web platform’s capabilities. It even has some cool extras like Trender which gives you AI-generated technical analysis with price targets and time frames. Most exchanges cap referral rewards around 20% or only allow you to make money on referrals for a few months. Beaxy’s referral program pays out 30% of the trading fees from accounts you refer and there’s no time limit.
Beginners Guide to Beaxy Exchange: Complete Review
System Announcements provides updates on the exchange itself, such as maintenance and platform changes. The latest platform update will include the membership program, 50% bonus referral program and market maker rebates. Beaxy Listings contains all of the coin listings thus far, with the most recent round having occurred in April.
Firstly, I calculated buy-side liquidity to be 2.269 BTC within 10% of current prices, which equates to 0.27% of Beaxy’s Network Value. This is the joint 8th-highest figure recorded, which places BXY in the middle of the pack. Considering the token has only been trading for several weeks and is only on its native exchange , this isn’t as weak as I’d have expected.
Finally, a calculator icon in the navigation menu opens up a useful PnL tool. Clicking the ticker towards the right of the calculator opens up a menu featuring all available markets. The Company Updates menu contains several channels, each dedicated to a different aspect of project development.
If trade volumes begin to pick up, however, this is a very smooth trading experience and far better than many of the larger exchanges in the space. Beaxy is a moderately-sized exchange with some 30 trading pairs of different caliber, some highly on-demand, and some – just the options for occasional trading. The size of the selection isn’t the top perk of working with Beaxy, it’s the helpful technologies and the comfort of use that attract the most users. Beaxy isn’t amongst the top crypto exchanges, but it is a fairly interesting choice if what you want is a deeply technological approach to trading and investing.
In addition, Beaxy has a smaller number of supported cryptocurrencies than leading exchanges such as Binance and Huobi. However, the team are planning to roll out a number of additional features that will help to establish the exchange as a viable alternative to current industry leaders. The exchange also incorporates TradingView charts with a full range of technical indicators, and trading analysis, data research, and back-testing services from OneMarketData. Additionally, six major fiat currencies are supported on Beaxy and backed by FDIC insurance that is provided through Prime Trust – Beaxy’s US Trust partner.