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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. An example of the articles included on Beaxy\u2019s blog is \u201cIntroduction to Bitcoin, Cryptocurrency, and Crypto Markets.\u201d This article discusses the foundation of Bitcoin, how it increases in value, and why trading in cryptocurrencies is the next big investment. It is a well-detailed explanation of the beginnings of digital currency and its role in the future of financial markets. Other articles listed on the Blog are about the STK Standard, the lightning network, and crypto portfolio indexes. Beaxy was developed with a key vision of providing convenience in buying, selling, and exchanging cryptocurrencies. Buying and selling cryptocurrencies on this exchange follows a simple and hassle-free process.<\/p>\n<\/p>\n
The KYC verification process is conducted via Mati who store encrypted user data in AWS servers in the USA. Beaxy also uses email alerts and two factor authentication which is compatible with both Google and Authy Authenticators. In order to further secure user accounts, the exchange also provides the ability to whitelist withdrawal address, which restricts the places funds can be sent to. IP whitelisting is also featured and once set up, when you try to log in to your account for the first time from a new location, access will be denied and a red \u201cIP Whitelist\u201d message will appear. You will be sent an email with a verification link that will allow you to access your account from the new IP address.<\/p>\n<\/p>\n
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 \u201cFees\u201d, then move the \u201cPay with BXY\u201d slider button to the \u201cOn\u201d position. I was new to cryptocurrency trading and the user experience at Beaxy made it super easy to learn. 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. Launch was a disaster, and in the years since, they have failed to provide tradeable books across most of their listed assets. Additionally their market makers routinely pull their orders from the already thin books, so using stop orders is asking to get your position sold off far below market price.<\/p>\n<\/p>\n
The Beaxy Platform is easy to navigate and well-equipped with hundreds of tools and indicators. It has a clear format of charting, which can be modified with different time intervals. The platform is also packed with trading strategies that assist clients in trading. Through Beaxy\u2019s platform clients, novice or otherwise, are given the chance to experience charting like a professional..<\/p>\n<\/p>\n
The team behind the exchange is transparent in nature and contains CEO Artak Hamazaspyan, CTO Mittal Patel, COO John Galvagno, and Director of Engineering Federico Almaraz. If I want to buy Bitcoin I place a \u2018bid\u2019 order and if I want to sell Bitcoin a place an \u2018ask\u2019 order. If I wish to have my order executed immediately I can place a \u2018market\u2019 order, which will buy or sell at the best market price. A top U.S. financial regulator continues to hammer into the crypto industry.<\/p>\n<\/p>\n
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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\u2019s 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. To transfer funds, you\u2019ll need to click on the \u201cMy wallets\u201d tab at the top right of the screen, and select your preferred currency and click on the + icon next to it. 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\u2019s 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\u2019s license or state ID. Securely store your assets in bulletproof protected custody wallets.<\/p>\n<\/p>\n