We are not responsible for any investing or trading decisions that you may make based on content that you read on CryptoVantage.com. Please do your own research, make educated financial decisions and consult your Financial Advisor. Beaxy’s fee structure was competitive, but the exchange is no longer operational.
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On the other hand, if you lock the token for over six months, this percentage will increase by up to 25%. 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. There are various explanations and tips on how to navigate the platform placed in easy to find locations.
Beaxy complaint shows SEC is scrutinizing market making arrangements as broker-dealer activity and certain custody arrangements as clearing activity. SEC is incrementally building a body of legal theories to target crypto asset intermediaries. The SEC said is litigating its charges against Hamazaspyan for securities fraud and against Hamazaspyan and Beaxy Digital for the unregistered BXY offering.
Bitcoin SV could be purchased on the platform before it was shut down. Users can also access the platform through its mobile app, which is available on both iOS and Android devices. The exchange enforces strict KYC (Know Your Customer) and AML (Anti-Money Laundering) procedures to meet global standards.
Reception and transmission of orders for crypto-assets on behalf of clients; 4. Exchange of crypto-assets for other crypto-assets; 3. Otherwise, it will be difficult for Beaxy to attract new trading users to its platform. Among these, security, performance, low trading fees and 24/7 support are the ones we deem most important.
Cryptos (
The exchange had a strong security record prior to its shutdown in 2025. If you want to trade crypto in 2025 and beyond, then it’s a solid option. The exchange takes pride in its strong focus on security and regulatory compliance. Their pro platform supports margin trading, staking, OTC trading, and advanced order types. The platform is renowned for its prioritization of security, transparency, and regulatory compliance. Our recommendation for the best Beaxy alternative is the Kraken crypto exchange.
Trade with deep liquidity and low fees Foris MT Limited is a limited liability company incorporated in Malta with company registration number C and registered office at Level 7, Spinola Park, Triq Mikiel Ang Borg, SPK 1000, St. Julians, Malta, duly authorized by the Malta Financial Services Authority as a Financial Institutions licensed to issue electronic money under the 3rd Schedule to the Financial Institutions Act (Electronic Money Institutions). BXY is beaxy review not tradable yet, but you can trade Bitcoin, Ethereum, and 400+ other coins on Crypto.com This means that this exchange is what we call an “entry-level exchange”.
BXY token itself is an ERC 20 token and gives users of the platform many other benefits, such as loyalty rewards and coin staking. Launched in June 2019, Beaxy is a new cryptocurrency exchange that aims to get ahead of its competition by offering unmatched security, performance, and superior tech. Beaxy is the native asset of the Beaxy exchange. The Beaxy price page is just one in Crypto.com Price Index that features price history, price ticker, market cap, and live charts for the top cryptocurrencies. Before you choose an exchange, try to have a look at the trading view so that you can ascertain that it feels right to you.
Beaxy Alternatives
One of the best features is the calculator used to calculate the profits and losses of certain trades that you’re thinking about making. At the top of the interface are various important factors that can help you with your ongoing trades, including statistics like the volume, bid/ask spread and percentage changes. You can find additional trading pairs at a handy drop-down menu, including a search bar for ease-of-access.
Exchange Fees
BXY tokens are the main in-site currency and their value is to be set by the open market. There are also various market orders available on Beaxy, such as Market, Limit, Post Only, Stop Loss, Stop Loss Limit, Limit IOC, Limit FOK, Take Profit, and Take Profit Limit orders, which will impress more experienced crypto traders. This technology can support hundreds of thousands of trades per second with less than a millisecond of latency, which is very fast when compared to other exchanges. With all that said, Beaxy does indeed follow top security practices, and offers security features that really bring the user peace of mind because they know that their assets are safe.
$4B Bitcoin ETF Outflows in October-November Reflect Basis Trade Unwind, Not Capitulation: Analyst
- Reception and transmission of orders for crypto-assets on behalf of clients; 4.
- Their pro platform supports margin trading, staking, OTC trading, and advanced order types.
- The exchange is owned by a company called Windy Inc, with offices in Chicago, USA.
Beaxy also incorporates its native BXY token, allowing users to participate in staking to receive a 50% discount on trading fees. Trading or holding crypto-assets carries risks and may not be suitable for all. Custody and administration of crypto-assets on behalf of clients. Transfer services for crypto-assets on behalf of clients; and 6. Execution of orders for crypto-assets on behalf of clients; 5.
Why Kraken Crypto Exchange Is The Perfect Alternative
BXY tokens serve two main purposes – they can be used to reduce trading fees significantly or to claim a portion of the revenue generated by Beaxy itself. 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%. However, those looking to be active traders on Beaxy exchange can stake their BXY tokens to upgrade their accounts.
Why Beaxy Exchange Shutdown: Best Alternatives to Explore 2025
Also, the funds are stored in multiple cold wallets distributed across dozens of secret geographic locations worldwide, which makes it essentially impossible for a criminal to compromise all of the exchange’s funds. The Beaxy team place security at the forefront of their priorities and the security protocols within the exchange are extremely effective and leave your account protected in many ways. It’s also worth noting that Beaxy operates a loyalty reward program that incorporates the PLUS Token (PLS), an exclusive token to the Beaxy exchange. 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. Beaxy offers several different order types in addition to regular limit and market orders, including Limit IOC, Limit FOK, Take Profit, and more. Nick Murphy was the long-time Head of Operations for the platform and had been involved in all aspects of running the exchange.
The lawsuit also pulled in Brian Peterson, who allegedly provided market-making services for Beaxy through his companies Braverock Investments LLC and Future Digital Markets Inc. In a blog post, the exchange revealed it would suspend all services immediately “due to the uncertain regulatory environment surrounding our business.” Our affiliate relationships help us maintain an open-access platform, but they do not influence our editorial decisions. Cointelegraph is committed to providing independent, high-quality journalism across the crypto, blockchain, AI, and fintech industries.
- One more thing worth noting is that Beaxy is in the final stage of discussions with Optiv, a cybersecurity giant.
- 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.
- Yes, prior to its shutdown, the platform had a partnership with the Gunbot trading bot, which allowed Gunbot users to connect to the exchange at no extra cost.
- Execution of orders for crypto-assets on behalf of clients; 5.
- Exchange of crypto-assets for other crypto-assets; 3.
Beaxy Team
Beaxy’s customer support also includes a massive Help Center where you can find tens of valuable articles explaining how exactly to use the exchange. 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. However, your funds will only be deposited to the wallet set as default, and you can then transfer freely between your internal wallets. Either of these two features can be used to transfer funds from an existing wallet.
The exchange is owned by a company called Windy Inc, with offices in Chicago, USA. Naturally, referral programs and options to customize the trading experience are also positive. Below are a few of the advantages the exchange itself promotes on its website. If the exchange’s website would become accessible again and the error is just temporary, we will “revive” it and bring it back to our Exchange List. Accordingly, we believe that this exchange has closed down and we have marked it as “dead” in our Exchange Graveyard. We advocate for you to do your own research and make educated financial decisions.
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