Smartphone users can click the link at the bottom of the panel to get further instructions via email on how to proceed. 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. Beaxy is operated by Beaxy Digital, Ltd, which is a company registered in St. Kitts & Nevis in the Caribbean Islands. 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. The Beaxy private sale started in June 2018, raising $3 million in funding. In total, Beaxy is selling 60% of the tokens and there is a soft cap of $4.2 million and a hard cap of $ 19 million USD.

Beaxy Customer Support

Helene is a New York-based reporter covering Wall Street, the rise of the spot bitcoin ETFs and crypto exchanges. Helene is a graduate of New York University’s business and economic reporting program and has appeared on CBS News, YahooFinance and Nasdaq TradeTalks. Our revolutionary swipe-based trading system uses third party AI to auto-generate trading signals for you. This reduces the barrier to entry to trading by eliminating the many dozens of hours of study and research required to understand trading mechanics. While we still recommend doing this research, you can use Trender in the Beaxy mobile app to get quick and easy bitcoin signal suggestions, and signals for a variety of other cryptocurrencies. In addition, Beaxy has a smaller number of supported cryptocurrencies than leading exchanges such as Binance and Huobi.

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To deposit funds on Beaxy, click on the “My wallets” tab at the top right of the screen, and select your preferred currency. After that, click on the + icon next to it, which will expand the list of wallets you have for this currency. Evan Jones was introduced to cryptocurrency by fellow CryptoVantage contributor Keegan Francis in 2017 and was immediately intrigued by the use cases of many Ethereum-based cryptos.

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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 wallet columns include the Wallet Name, Available Balance, Reserved Balance, and Locked Balance, which is the balance locked away in any staking or loyalty programs. You also have Pending and Total Balance columns and the Is Default feature allows you to set the default wallet for each currency. You can also make transfers within your wallets and create new ones.

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• 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.
• They will also be adding advanced order types as options, including choosing between trailing stops, “fill or kill” orders, orders that expire at a certain time and many others which traders with complex strategies will find extremely interesting.
• Before uploading the document, you will need to select the country your document was issued in.
• If you’re looking to make money, then be sure to research the dealer first to make sure they’re certified (where applicable) and have a good history.
• Those people who are submitting a National ID or driving license, will have to take a picture of both sides of the document.

If you are able to afford to hold a half million BXY then you have no trading fees to worry about. Curv eliminates the need for private keys, replacing them with multi-party computation (MPC) protocols that enable transactions to be securely signed in a distributed way to eliminate any single point of failure. In short, the digital assets are under bulletproof protection on Beaxy thanks to Curv’s approach to security. Satoshi Nakamoto mined the first Bitcoin block, known as the genesis block, on January 3rd, 2009. Nine days later, the first transaction with bitcoin was completed when Satoshi Nakamoto sent bitcoin to Hal Finney, the creator of the world’s first RPoW (reusable proof-of-work system). The first known instance of bitcoin being used to pay for a good or service happened more than a year later on May 22nd, 2010 when Laszlo Hanyecz paid 10,000 BTC (worth approximately $41 at the time) for two large pizzas.

The CoinCodex Cryptocurrency Price Tracker

The Pending Balance gets credited to user accounts on the first of each month, and Beaxy provides downloadable, monthly loyalty rewards reports and rewards are paid out in each kind of currency that the exchange charges a commission on. The platform provides 24/7 support to their users with live chat and an AI bot, which is especially valuable when a critical issue arises. There are also further resources aimed at newer traders such as the FAQ section and Knowledge Base, and the team is active on social media. It can be contacted across their different channels, including their Telegram group, Discord server, and Twitter account. Beaxy has a tiered fee structure that starts at a 0.25% fixed fee per trade on market takers, meaning you take an already existing order off the book, and a 0.15% maker fee, meaning you put on order on the book.

Better Crypto Trading

In the long run, strict adherence to these regulatory guideposts allows us to sustainably provide the best crypto trading services to our customers. Beaxy aims to become a leader in the crypto trading space and is best suited to people with a good understanding of trading digital assets and using exchanges. As Beaxy is still building its reputation beaxy coin and developing its user base, it offers an attractive fee structure and various incentives, which should prove successful in attracting users to the platform and improving the validity of the BXY token. The fees on the Beaxy exchange are fixed at 0.2% of whatever you deposit, however, the BXY token allows users to reduce their fees by up to 50%.

Beaxy is a new exchange that looks to be one of the most promising up-and-coming exchanges on the market, bringing many new features and a high-performance trading engine to market with a smooth user interface. The platform is set out in a way that makes it easy for new users to get acquainted. The exchange also features the most advanced interface, data compilation, trading tools, and security measures to date. Setting up a Beaxy account is a an extremely simple endeavor that takes a matter of minutes.