Beaxy.com 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. The team at Beaxy aim to provide crypto/fiat functionality, high performance capabilities, cutting edge security, and extensive customer support, alongside reasonable fees.
Beaxy.com they aim to provide traders with a comprehensive service that appeals to both newer traders and more experienced participants, and Beaxy also incorporates its native BXY token, which allows users to participate in staking and receive fee reductions of up to 50%.
To start trading with Beaxy.com,Indian residents first have to sign up for an account by following the steps below.
Step 1. Click on the “Login/Signup” link on the top right hand corner of the Beaxy.com website.
Step 2. In the form, fill in your first name, last name, mobile number, email ID and password.
Step 3. If you have a referral code, enter the code while creating your account.
Step 4. Submit the form and wait for an activation email to be sent to you.
Step 5. Click on the “confirm email” link in the activation email.
Step 6. After your account is activated, you’ll be sent a 6 digit one time password (OTP), which you have to enter after logging into your Beaxy.com account.
Beaxy Trading fees
Every trade occurs between two parties: the maker, whose order exists on the order book prior to the trade. The maker thus “makes” the order being executed. The other party is the taker, who places the order that matches (or “takes”) the maker’s order. The maker-taker model normally encourages market liquidity by rewarding the makers of that liquidity with a fee discount.
Beaxy’s trading fees for takers are 0.20%. This fee is in line with the global industry average. The global industry average is arguably around 0.25%. But it doesn’t stop there. Beaxy’s fees for makers are -0.02%. This means that you get paid to trade as a maker. This is a great deal for the makers and we are really impressed by it. There are only a dozen other exchanges in the world that have negative maker fees.
Beaxy Withdrawal fees
There are exchanges out there that charge low trading fees and then hit you with high withdrawal fees. Because once you’re in, you can’t get out without paying withdrawal fees. This exchange, however, is on the totally opposite side of the spectrum. They only charge the network fees when you execute a transaction. The global industry BTC-withdrawal fee is 0.000812 BTC per withdrawal. The network fees vary from day to day but are roughly 15-20% of the global industry average BTC-withdrawal fee. Accordingly, also the withdrawal fee model at this exchange is competitive.
At this exchange, they do not accept any deposits of fiat currency. This means that new cryptocurrency investors (i.e., investors without any previous holdings of cryptocurrencies) can’t trade here. In order to purchase your first cryptocurrencies, you need a so called entry-level exchange, which is an exchange accepting deposits of fiat currency. Find one by using Exchange Finder!
Beaxy’s identity verification procedure requires each User to provide Beaxy with reliable, independent source documents, data or information (e.g., national ID, international passport). Beaxy reserves the right to collect User’s identification information for KYC/AML Policy purposes.
User acknowledges and agrees that Beaxy may confirm the authenticity of documents and information provided by the Users and Beaxy reserves the right to investigate certain Users further at any time, verify User’s identity in an on-going basis and request up-to-date documents from the Users, even if User passed identity verification in the past.
Beaxy has partnered with a renowned cyber-security firm to fully audit our exchange. Features like, automatic sweeping, phishing prevention, 2FA, IP whitelisting, and more are part of mission to deliver a powerful secure platform to users.
Beaxy will offer 24/7 customer support. They are completely dedicated to changing the way customer support works in the crypto space, for the better. Customer service isn’t important until you need it and they intend to offer a never before seen level of customer support within crypto, when you need it.
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One of Coinworldstory's longest-tenured contributors, and now one of our news,ico,hyip editors, Verna has authored over 6900+ stories for the site. When not writing or editing, He likes to play basketball, play guitar or visit remote places. Verna, to his regret, holds a very small amount of digital currencies.