22
Jul
Buy or Sell Cryptocurrency
Mark Cuban thinks the SEC could have saved U.S. customers from FTX had it adopted Japan’s approach to crypto regulation, but John Reed Stark disagrees. Beaxy launched its token sale on Aug 1, 2018 and completed it on Sep 1, 2018. Hotbit said centralized exchanges have to beaxy coin either embrace regulation or become more decentralized to succeed. Despite these features, Beaxy has a number of challenges to overcome, for example the Loyalty Reward Program is not available to residents of the US, while fiat transfers still haven’t been enabled.
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- Once the team has approved you, you become a standard user and can withdraw up to 30 BTC worth of cryptos per day from any combination of their wallets.
- If I wish to set a desired price to buy or sell I can place what is called a ‘limit’ order.
- Combined with our user-focused design, charting and trading bitcoin on Beaxy are seamlessly integrated to make your experience as smooth as possible.
- You can find additional trading pairs at a handy drop-down menu, including a search bar for ease-of-access.
- The loyalty rewards payout for this day will be $2,500, and this balance is displayed on the Loyalty Rewards page as a “Pending Balance”, and changes everyday once the calculations are performed at midnight.
- 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.
In addition to the fee reduction, BXY tokens can be allocated to Beaxy’s STK Loyalty Program. In the STK Loyalty Program, users can stake/lock their BXY for a period of one to twelve months, whichever length they choose is the interest amount they receive (ie one month gives you 1% apy, 12 months gives you 12%). They are also planning on launching a Diamond tier where those who stake over 1 million BXY tokens will receive a prorated distribution of 7% of the exchange’s average daily revenue. The site accepts multiple types of fiat via bank and wire transfers while also accepting crypto deposits. In addition, they have a partnership with Gunbot, a leading trading bot platform. While they are a relatively new exchange, they are attempting to rival giants such as Binance and KuCoin with their rewards programs.
How to convert BTC to USDC
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. In order to pay your fees with BXY, click on your profile, and select “Fees”, then move the “Pay with BXY” slider button to the “On” position. 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. The next step is to log into your Beaxy account and pass the identity verification process. Once the team has approved you, you become a standard user and can withdraw up to 30 BTC worth of cryptos per day from any combination of their wallets.
How to Set Up Your Beaxy Account
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. 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. Beaxy is a new cryptocurrency exchange that aims to get ahead of its competition by making improvements across the board, and equipping crypto traders with a completely modernized approach to buying and selling digital assets. Launched in June 2019, Beaxy is a new cryptocurrency exchange that aims to get ahead of its competition by offering unmatched security, performance, and superior tech. Referral programs, low trading fees, 24/7 support and options to customize the trading experience are also positive.
The CoinCodex Cryptocurrency Price Tracker
- Nikhilesh De is CoinDesk's managing editor for global policy and regulation.
- One more thing worth noting is that Beaxy is in the final stage of discussions with Optiv, a cybersecurity giant.
- Download the Beaxy crypto trading app and trade your BTC and access markets anytime and anywhere.
- You can use the “Take pictures with Smartphone” feature, and both a Driving License and National ID must have both sides uploaded.
- 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%.
