The web’s most detailed Beaxy review: This regulated US digital asset trading platform is a newcomer and is looking very promising as it tries to bridge the gap between legacy finance and the new era of digital asset finance. After seeing top-tier tools, Metatrader5 for crypto, and a generous deposit bonus our expert was sent to make a full review of Beaxy to find out exactly how good this platform really is. Keep reading to learn everything you need to know.
• US crypto trading platform
• Great algorithmic and AI-technology trading tools
• Insured digital assets up to $250,000
• No market news feed
• No leverage for experienced traders
• Not all US states are allowed to trade
In this section of our Beaxy review we highlight 6 special features that deserves extra attention.
Beaxy is a US crypto exchange that is focusing on making finance more digital and has created a very innovative crypto trading platform which is run by the company Windy inc at the registered address of E Jackson Blvd, Chicago, Illinois 60604, US.
This next-generation digital asset exchange is employing at least 50 persons which makes this a very real operation in terms of the company size and the focus right now is to be able to serve traders in all of the US states. It is registered in the US as a Money Services Business by Financial Crimes Enforcement Network (FinCEN).
Why use Beaxy
Beaxy is made for all traders really. It is well suited for both beginners and experienced traders as the platform is well made and there is not much clutter to be confused by. Traders who enjoy good custody of tokens, algorithmic trading, crypto welcome bonuses, AI technology, and crypto trading signals will definitely enjoy Beaxy.
An ultra-modern crypto training app is also an option when choosing Beaxy and it’s a strong recommendation for all traders who want to bring crypto to their smartphones.
Another great thing about Beaxy is the fact that they support 6 major fiat currencies for both deposit and withdrawal. This is a huge relief for many traders as many are forced to use other platforms just to get their coins converted in and out of the blockchain. Beaxy solves this and makes it very easy for traders who are looking to cash out their cryptocurrency gains on the same platform.
Trading on Beaxy
Beaxy has a very good platform with all tools that you could ask for. New traders will be able to trade as the platform is very easy to use and more experienced traders will be able to take advantage of more complex order selections. The chart is made by Tradingview which guarantees top-tier charting all the time. The trading interface is customizable and can be moved around as you like.
A full view of market depth, order book, and order flow is readily available as well as a sentiment meter that will inform you of the rough sentiment among buyers and sellers. One-click is available for all crypto scalpers out there who are looking to trade order flow.
Another useful tool is the daily winners on the home page where you can easily scan the daily winners of all coins available. This is a great tool for crypto day traders to track daily volatility.
The trade signals on Beaxy are next level. You can choose to activate the trade signals and you will get notified every hour or so when a new setup is spotted. These crypto signals have a track record of 70% accuracy. If you are looking to trade with new technology this is definitely something you need to try out. Good job Beaxy!
Payment methods and limits
Beaxy offers fiat deposits with Visa, Mastercard, and Bank Transfers. Cryptocurrency deposits are also available. The minimum fiat deposit is $50 and there is no minimum or maximum limit on cryptocurrency withdrawals.
Beaxy category rating
Things we don’t like
I would love to see a live chat instead of the chatbot as it’s just not enough in many cases when more difficult issues arise. Other than that there is much to complain over as Beaxy seems to be a very complete digital asset exchange.
Beaxy Trading Fees
About the special features on Beaxy
This digital asset platform is packed with features that traders love. You have the option to trade crypto on Metatrader 5, you will have your deposit 100% matched up to $500, several fiat currencies are supported for both deposit and withdrawal, algorithmic trading is an option, and AI technology is pretty cool.
This and much more are available and I understand why so many traders like the platform. It’s easy to use and from the main menu, you have access to features such as trender and signals which are two automatic tools for day traders that help you find new setups that have up to 70% win accuracy.
Free Crypto Trading Signals
You have the option to activate free crypto trading signals that will automatically give you a signal every hour or so based on preset criteria. These price predictions have a 63% win rate and are pre-built technically with data-driven pattern recognition. With these crypto signals you don’t have to look for setups on your own, everything is done by the computer.
Trender is the main tool for the Beaxy crypto app. It’s an automatic technical analysis tool that will let you choose from new setups just and it works exactly like Tinder where you swift left and right if you want to accept the new trade setup.
If you are looking for new technology to improve your results you will be pleased to hear that Beaxy offers to trade with Hummingbot. This platform lets all traders automate their trades on the exchange and use market-making strategies and other advanced strategies through the easy-to-use interface.
It’s very easy to get started. Simply download and install the platform and set the parameters/criteria you want to automate your trades and then let Hummingbot do the rest.
Beaxy will match your first deposit with a $500 cryptocurrency welcome deposit bonus. This means that when you make the first deposit you will double your capital immediately and all of it is yours to trade with. This is one of the most generous crypto deposit bonuses I’ve seen and it’s a good way for traders to get to know the platform. This crypto bonus is rewarded in USDC.
Insurance up to $250,000
Since Beaxy is registered as an MSB in the US they are obliged to keep a reserve fund for their clients. When you trade on the exchange you can rest assured that up to $250,000 of your capital is insured and if the worst-case scenario would ever happens, Beaxy got you covered.
Beaxy employs institutional accounts for those who want to register as a business. There are severe perks of activating an institutional account such as a personal representative, advanced APIs, as well as very high withdrawal limits of up to 100 BTC per day.
Our own experience with Beaxy
Beaxy Funding Methods
|Max Withdrawal Limits||BTC 1 daily|
|Min Withdrawal Limits||$0.01|
|Min Deposit Limits||$50|
Beaxy Withdrawal Fee
Is Beaxy safe to use?
Beaxy is a relatively new cryptocurrency exchange and we see strong security features with an active insurance fund of up to $250,000 due to the registration as a Money Service Business. This adds to their credibility and we definitely recommend our traders to use this platform. Beaxy is, by all means, an Excellent US-based crypto exchange.
Is Beaxy regulated?
Yes, Beaxy is registered as a Money Service Business in the US and is regulated by FinCEN, the Financial Crimes Enforcement Network.
Frequently asked questions
Read the most frequently asked questions about Beaxy. Find answers without searching the web.
This online crypto trading platform has the main office at this address, E Jackson Blvd, Chicago, Illinois 60604.
First, click on your account tab in the top right corner. Second, click "withdraw crypto" or "withdraw fiat" in the left menu depending on your preferred withdrawal currency. Third, select the amount and proceed with the instructions.
The lowest possible deposit with fiat currency is $50. However, if you decide to transfer digital assets, the amount can be even smaller.
Yes, this exchange allows US citizens to buy, sell, and trade both bitcoin and other cryptocurrencies. However, some states are still not allowed to access the platform. Please check the website for more information as they update they are working on adding more US states all the time.
Yes, Beaxy has withdrawal support for 6 major fiat currencies.
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