Beaxy Review Is This Crypto Exchange Worth It?

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 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. What came as the most impressive feature of this aspect is its live chat operated by experts and industry professionals. For users who are non-English speakers, they may utilize the multi-language assistance feature.

Beaxy chose to use an alternative token for their Loyalty Rewards Program, the PLUS ($PLS) token. The $PLS token will apply to be a registered security token in applicable jurisdiction. Another important thing I look at as an investor is potential liquidity, a lot of ICOs are struggling because they can’t enter decent exchanges and with that comes the problem of illiquidity.

Loyalty, rewards & partnership programs

Tickets are also available for immediate queries, while the site has an FAQ section for basic questions. In addition to this, it has an active line of communication in their socials and the team may be reached through Twitter, Discord, and Telegram. 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. Once you completed the above steps, you will have to wait until you receive a notification that your documents have been approved, which might take up to a couple of hours. After accepting the Terms and Conditions and clicking “Sign Up”, you will automatically receive a confirmation email with a verification link.

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. Exchanges with low technological capabilities tend to malfunction when trade volumes increase.

A Heightened Focus on Crypto Lenders and Intermediaries

You can buy Bitcoin SV on Beaxy along with quite a few other cryptocurrencies. Beaxy is available via website browsers such as Chrome and Brave Browser. They also offer a mobile app for iOS and Android for those interested in trading on the go. Our Beaxy Exchange review will help you determine if it is the right exchange for your needs. $BXY tokens will be transferable on the Beaxy Exchange once its operational in June of 2019.

Users can also earn a portion of trading fees by locking up PLS tokens and onboarding friends onto the platform via the referral program. What set Beaxy apart from other cryptocurrency exchange are its unique and highly-secured financial services. With the integration of top-notch technologies into its system, it managed to provide a platform that enhances both trading experience and margin of profitability. While it is indeed a tad exchange, Beaxy is never to be underestimated as the platform is conducive enough to facilitate a cryptocurrency trading. Before you can begin filling in orders and executing trades, you have to create an account with Beaxy.

1. Next to that their exchange is almost live, which means an immediate use case for your investment in the $BXY token including liquidity and volume.
2. 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.
3. 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.
4. That’s only a few months from here… So you are potentially buying into an exchange that’s almost ready and has a utility for the token you invest in right away.
5. Beaxy Exchange is an up-and-coming fiat-to-crypto exchange that offers a great loyalty program for those who hold their proprietary token Beaxy Coin (BXY).

REKT Podcast & Fiat Integration In Two Months

1. There is always someone from the team to help out newcomers and answer questions.
2. 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.
3. They will host the order lists and service fees for the entire blockchain.
4. You can also make transfers within your wallets and create new ones.
5. Beaxy is very different from other crypto projects in their approach to fundraising.
6. Projected to be Beaxy’s largest expense; 35% of the budget has been allocated to the development of Beaxy’s roadmap through R&D.

Digital assets are secured by Curv Institutional Custody, with USD deposits insured by the Federal Deposit Insurance Corporation FDIC up to $250,000. 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.

1969: Faltered popularity and Brian’s reduced involvement

Cryptocurrencies are simply the next step in the digitization of our world, so you can think of a cryptocurrency exchange as a place to move your money from analog to digital, from paper to bits. Performing such a conversion has the benefit of solving difficult problems surrounding the movement of money in traditional finance. Jardine made his first appearance with the Beach Boys touring band in more than 10 years in 2011 at a tribute concert for Ronald Reagan’s 100th birthday;309 at this concert, he sang lead on “Help Me, Rhonda” and “Sloop John B”. He made a handful of other appearances with Love and Johnston’s touring band in preparation for a reunion. Moreover, there is a place for analyzing all available options on the crypto market. After that, you need to choose a wallet that is very comfortable and safe to manage bxy.

In addition, Beaxy has a smaller number of supported cryptocurrencies than leading exchanges such as https://traderoom.info/beaxy-cryptocurrency-exchange-review/ Binance and Huobi. However, the team are planning to roll out a number of additional features that will help to establish the exchange as a viable alternative to current industry leaders. The team behind the exchange are aiming to provide a comprehensive service that appeals to users of all experience levels.

It’s been a blessing to be part of the Beaxy community for these last few months and we are only getting started. The support is amazing and Beaxy really cares about their community. There is always someone from the team to help out newcomers and answer questions. Beaxy is very different from other crypto projects in their approach to fundraising. Their motto is “Build then talk”, which brought them where they are today.

The user interface is intuitive and the dashboard is well laid out and there are various explanations and tips on how to navigate the platform placed in easy to find locations. 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.