Beaxy Exchange Welcome to Beaxy The All-In-One Cryptocurrency Exchange BXY

Beaxy Exchange is leading the charge towards truly impenetrable security. As mentioned above, exchange-level security is a high-stakes operation of which all other aspects of security are dependent on. 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.

• However, readers are advised to verify facts independently and consult with a professional before making any decisions based on this content.
• There are both day and night modes available, making the trading panel easy on the eyes and presenting information and execution panels in a clean and easy-to-read manner.
• When securing your account, be sure to enable two-factor authentication to significantly reduce your account’s attack surface.
• The regulator also filed a lawsuit against crypto entrepreneur Justin Sun and his companies.

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. One more thing worth noting is that Beaxy is in the final stage of discussions with Optiv, a cybersecurity giant. They are planning to provide penetration, cloud infrastructure, white box, black box, and many more tests to insure Beaxy’s security. 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.

Beaxy Exchange Review 2025

Now, select your country of residence and also submit a picture of your National ID, driving license or passport. Those people who are submitting a National ID or driving license, will have to take a picture of both sides of the document. Also, users based in the USA must use a valid driver’s license or state ID. Before uploading the document, you will need to select the country your document was issued in.

Withdrawal

I agree to receive newsletters from CryptoVantage and accept the data privacy statement. Yes, Beaxy has a partnership with Gunbot trading bot where Gunbot users can connect to Beaxy Exchange at no extra cost. Currently, Beaxy does not compare to Binance, they offer nowhere near the same number of assets, and their volume is not even close. They are attempting to become as popular as Binance with their Beaxy Token trying to capture some of the same attention as Binance Coin (BNB) has. Through charity events focused on healing, self-love, and building confidence, we strive to foster meaningful connections and make a positive impact.

SEC Chairman Backs “Super-App” Platforms in Crypto Market Overhaul

It is not an offer to buy or sell any security, product, service or investment. Rene Peters is editor-in-chief of CaptainAltcoin and is responsible for editorial planning and business development. After his training as an accountant, he studied diplomacy and economics and held various positions in one of the management consultancies and in couple of digital marketing agencies.

• 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%.
• As Beaxy is still building its reputation 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.
• Our vision is to create a convenient, secure, all-in-one platform that helps to facilitate a world where cryptocurrencies are as accessible as fiat currencies.
• After that, click on the + icon next to it, which will expand the list of wallets you have for this currency.
• (Note the 50% discount will be adjusted from your new fee schedule after locking in your staked tokens).

List of parties facing charges

Third party custody providers like Curv eliminate 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 thanks to Curv’s approach to security. Curv is a cloud-based custody provider with comprehensive protection on cryptocurrency deposits. Through our partnership with Curv, customer holdings are virtually unhackable. When a client deposits cryptocurrency on Beaxy Exchange, they can rest easy knowing their assets are protected by Curv’s unique decentralized security model. Paying close attention to and maintaining the security of your digital assets has never been more important.

Beaxy further stated that it had committed to cooperation with the authority for more than two years by providing all the required information, data, and interview. As a result, the SEC is accusing them, in addition to Hamazaspyan, of violating securities law by running an unregistered exchange, broker, and clearing agency, despite the platform being termed defunct by the SEC in a different case last year. The SEC released a press statement stating that Artak Hamazaspyan, the founder of Beaxy, and the exchange unlawfully raised $8 million in an unregistered offering of the Beaxy token (BXY). The statement also stated that the SEC accused Hamazaspyan of misappropriating at least $900,000 for personal use, including gambling.

At this exchange, they accept fiat currency deposits (both wire transfer and credit cor debit card transfers) through Simplex. To find a reliable exchange where you can start an account, just use our Exchange Filters and we’ll help you find the right platform for you. Accordingly, we believe that this exchange has closed down and we have marked it as “dead” in our Exchange Graveyard. 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. The wallet columns include the Wallet Name, Available Balance, Reserved Balance, Locked Balance, Pending and Total Balance and the Is Default feature. The first time you deposit into a wallet, you will have to generate the wallet first.

Naturally, referral programs and options to customize the trading experience are also positive. Those who join via a referral code will be granted a Platinum level account (20% discount on trading fees) beaxy review for a limited time period (60 days). The next step is to log into your Beaxy account and pass the identity verification process.

The second angle of security we focus on are the specific measures put in place at the exchange level. These security measures are implemented to ensure that each wallet, database, and external account are closely overseen by the and exchange cannot be accessed by unauthorized parties. At Beaxy, we believe that it is necessary for both angles of security to be properly and completely addressed.

The exchange also features the most advanced interface, data compilation, trading tools, and security measures to date. 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.