To transfer funds, you’ll need to click on the “My wallets” tab at the top right of the screen, and select your preferred currency and click on the + icon next to it. 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. Beaxyis operated by Beaxy Digital, Ltd, which is a company registered in St. Kitts & Nevis in the Caribbean Islands.
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. 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%.
Top 5 Exchanges
Fast Redeem,instant buy market/limit/profit&loss, multi-trading types. TIGER Bank investment service, highest profit of 20% with daily interests. It offers more than 100 pairs for trading cryptocurrency – Bitcoin, Ethereum , Litecoin, Bitcoin Cash , Ethereum Classic , Dash/DASH), EOS/EOS, Monero , Ripple/XRP, Zcash . VIP club members receive up to 30% cashback on paid commissions for a month.
It said the company and its founder indulged in the misappropriation of around $900,000 for their personal reasons, which included gambling. 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 Securities and Exchange Commission has charged crypto asset trading platform Beaxy.com and its executives for failing to register as a national securities exchange, broker, and clearing agency. Beaxy’s founder, Artak Hamazaspyan, and his company, Beaxy Digital, Ltd., were also charged with raising $8 million in an unregistered offering of the Beaxy token and allegedly misappropriating at least $900,000 for personal use. Market makers operating on the Beaxy platform were also charged as unregistered dealers.
Beaxy Trading View
If you’re one of those people, then this platform can still be for you. The exchange was previously registered in Saint Kitts and Nevis, but it is now owned by Windy Inc. and Beaxy’s headquarters today are in Chicago, Illinois. At the time of writing this review, the Beaxy exchange has added the following trading pairs as part of its round 1 launch. More trading pairss are going to be added in the future but for now, these are the only ones available. Beaxy will also have the more typical features like price charts and even a portfolio interface which is something you don’t see often in an exchange. If you are thinking by yourself I want Beaxy to become reality, consider investing.
Naturally, referral programs and options to customize the trading experience are also positive. The PLS token is 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. The purpose of locking these tokens up is so you can receive a percentage of your trading fees back.
Other Centralized Exchanges
Sign in/sign up using only your email address to confirm the transaction. Fast and secure way for you to buy and exchange 150+ cryptocurrencies. You will also find the necessary information on the FAQ pages, the knowledge base and the blog. According to traders’ reviews, the Beaxy support team is really responsive and gives detailed and understandable recommendations.
Notwithstanding any such relationship, no responsibility is accepted for the conduct of any third party nor the beaxy review or functionality of their websites or applications. A hyperlink to or positive reference to or review of a broker or exchange should not be understood to be an endorsement of that broker or exchange’s products or services. According to a press release issued by the US SEC, Beaxy Exchange and its executives have been charged for failing to register as a national securities exchange broker and clearing agency for the sale of BXY token. US-based cryptocurrency exchange Beaxy Exchange suspended its operations immediately after the United States Securities and Exchange Commission filed multiple charges against the exchange and its founder Artak Hamazaspyan.
For https://traderoom.info/ 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. CaptainAltcoin.com does not offer any sort of financial or investment advice. Please make sure to do your own research, make educated financial decisions and consult your Financial Advisor. Rene Peters is editor-in-chief of CaptainAltcoin and is responsible for editorial planning and business development.
Token sales listed from persons that ICOholder has no relationship with are shown only to help customers keep track of the activity taking place within the overall token sector. This information is not intended to amount to advice on which you should rely. You must obtain professional or specialist advice or carry out your own due diligence before taking, or refraining from, any action on the basis of the content on our site. 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. ICOholder has no legal responsibility for any representations made by third parties in respect of any Token sale and any claim for breach of contract must also be made directly against the Token issuing entity listed herein.
US SEC Chairman Gary Gensler alleged that the crypto trading firm and its top executives did not register as a national securities exchange, broker, and clearing agency. The SEC alleges that Murphy and Abbott continued to operate the Beaxy platform through Windy after convincing Hamazaspyan to resign following the unregistered offering of BXY and the misappropriation of investor assets. Thus, they are also liable for operating an unregistered exchange, broker, and clearing agency. The markets watchdog is also suing Beaxy’s founder, Artak Hamazaspyan, for securities fraud.
Beaxy Exchange Team
To pass the KYC check, you need to specify the country of residence, select the type of identity document and attach its photos. The photo of the document must be without glare from the flash, all information must be readable. A driver’s license, national ID card or civilian passport can be used as an identification document. After the application is processed, you will receive a notification by mail when the verification is passed or rejected.
Members have access to a secure and safe platform thanks to regular security reviews. Copy this address and enter it in your cryptocurrency wallet to make a transaction. In the future, the team behind the platform aims to add some very interesting features, such as OTC trading capabilities, margin trading, and portfolio management. 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. You can find additional trading pairs at a handy drop-down menu, including a search bar for ease-of-access.
Gensler has called on companies to break up and separately register their various operations. Although Fiona doesn’t have a long-spanning background within the gambling industry, she is an incredibly skilled journalist who has built a strong interest in the constantly growing iGaming network. The team at GamblingNews.com is glad to have her on our roster to help deliver the best stories as soon as they hit. Aside from writing, she loves to dabble in online casino games such as slots and roulette, both for her own enjoyment and also as research to better improve her understanding of the industry.
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. Analyzing the reviews of cryptocurrency exchange beaxy.com, we can say that the platform completely fulfills its obligations to traders. Users note fast exchanges, reliable storage of funds, convenient mobile application and fast withdrawal of earnings. Users name the possibility of staking as a special advantage of the exchange and receiving referral fees.
After that, click on the + icon next to it, which will expand the list of wallets you have for this currency. It’s also important to note that Beaxy will have an exclusive partnership with OneTick, its flagship software, a comprehensive suite for time-series data management, real-time event processing, and analytics. This means that no other crypto exchange will have access to this technology. This fee is line with the historical global industry average, which was arguably around 0.25%. 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.
We strive to present all the information & pricing as accurately as possible, but we cannot ensure that the data is always up to date. There have been reports of scammers approaching companies via Telegram, LinkedIn and Other Social platforms purporting to represent Blockonomi and offer advertising offers. From here you can click the Mati “Verify me” button, and choose your preferred language. You can also complete the verification process via smartphone, and you can click the link at the bottom of the panel and then enter your email address.
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.
Diamond Account– Requires the staking of 1,000,000 BXY, and yields a 25% discount on trading fees with a 500 BTC daily withdrawal limit. Platinum Account– Requires the staking of 500,000 BXY, and yields a 20% discount on trading fees with a 200 BTC daily withdrawal limit. Gold Account– Requires the staking of 150,000 BXY, and yields a 15% discount on trading fees with a 100 BTC daily withdrawal limit. Silver Account– Requires the staking of 50,000 BXY, and yields a 10% discount on trading fees with a 60 BTC daily withdrawal limit. The token itself is an ERC 20 token and you can use them to take off 50% of your trading fees.
- She specializes in developing low latency enterprise applications with extensive experience in Agile methodologies.
- You can track the number of referrals and the amount of earnings in your personal cabinet.
- You can access all tokenomy platforms with your existing Indodax credentials.
- The photo of the document must be without glare from the flash, all information must be readable.
- Hamazaspyan, who founded Beaxy, is also accused of having gambled with investor funds.
The SEC documents also revealed that they tried to convince Hamazaspyan into resigning after the BXY offerings. Notably, the regulator has alleged that Hamazaspyan misappropriated at least $900,000 for personal use, including gambling. The latter group of men and companies neither admitted nor denied the allegations. SEC Chair Gary Gensler has frequently admonished digital asset firms for conducting multiple business operations that he says should normally be separate companies.
The team also declare that standards on the platform are in line with PCI-DSS and ENISA security standards. In addition, they promise to maintain the confidentiality of user data, and state that Beaxy does not and will not sell user data to third parties. Security – The Beaxy team place security at the forefront of their priorities and the exchange uses two factor authentication and is compatible with both Google and Authy Authenticators.
There are 2 types of commissions on the platform – trading commission and withdrawal commission. The size of the trading commission is 0.25% for market-takers and 0.15% for makers . The fixed amount of commissions can be reduced by reaching a certain volume of daily trading. Also, discounts on trading commissions are provided for holders of the crypto exchange token – BXY coin.
The SEC lawsuit also alleges that after Windy Inc. took over Beaxy in 2019, they continued to use the platform to trade unregistered securities illegally. Windy agreed to pay $79,000 in fines without admitting or denying the SEC’s allegations. The SEC further alleges that Beaxy’s founder Artak Hamazaspyan misappropriated about $900K for his personal use, allegedly including gambling. In addition, the SEC says that Beaxy’s market makers for operating as unregistered dealers. 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.