Beaxy is an All-in-One exchange that is built for experienced cryptocurrency traders and those completely unfamiliar with blockchain concepts. It ICO lasts from 1. Sep 2018 - 12. Dec 2018 and raised 3 Million US Dollars and failed its Softcap from 4,2 Million Dollars. Key Features are:
- Lifetime referral rewards
- Coin staking loyalty program
- Instant FIAT deposits
- Charting inside the exchange
Not all features are live yet. Beaxy also launched also the $BXY token, which is used for paying fees and staking, similar to the BinanceCoin. Its an ERC-20 Token with a total supply of 500mio (159 766 607 circulating supply). You can find an indepth coin review on Nik Patels blog: https://www.altcointradershandbook.com/coin-report-beaxy/
One of the most important aspects of the BXY token is the membership program. Currently they offer 4 levels of membership.
The duration of the locking period is one month. The tokens will become locked at 0:00UTC each day, and unlock one month later at the same time.
Beaxy is operated by carribean company called Beaxy Digital Ltd. Regarding security, the exchange offers 2FA, compatilbe with google and authy, you can also whitelist your IP. Standards on the platform are in line with PCI-DSS and ENISA security standards. Another important point is the 24/7 customer report and the knowledge base as well as own discord server. So you can very easily get in contact with the team.
A lot of features are unlocked by going through a KYC verfication process, for example withdrawals. So this is not an anonymous exchange, like Binance. They using the external service from mati (https://getmati.com/) for KYC.
A cool feature is the wallet feature. You can create several wallets for the same currency, which is very handy for tax reasons.
Beaxy offers 22 currency pairs:
Bitcoin, Ethereum, Beaxy, Litecoin, EthereumClassic, Monero, Zcash, NEO, Ripple, EOS, Waves, DASH, USD Coin, PundiX, ICON, OmiseGO, Polymath, Dragonchain, 0x, BasicAttentionToken, AION, Metal, Blockparty, BitcoinCashABC and more a coming in the future.
The fees charged fixed @ 0.2% per trade on market trades, but you can lower this fee by 50 per cent using the $BXY token.
Right now Beaxy is doing a Tesla Trading Competion: Starting August 5th and running until the end of October 31st, every $5,000 dollars in traded volume earns five entries to win a Tesla Model 3.
Feel free to take a look by yourself using my Reflink: https://www.beaxy.com/registration?code=BGZIGWA5YI
You will get a platinum level for 2 months and a 20% discount on fees. So its quite a good deal.
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