Beaxy is It a Scam? Exchange Reviews

The regulator alleged that Beaxy’s founder, Artak Hamazaspyan, and one of the companies he controlled raised $8 million from an unregistered Beaxy token offering. According to the lawsuit, Beaxy marketed the BXY token as an investment for “investors” who would benefit from Beaxy’s success. It allegedly failed to register as a broker or clearing agency and targeted non-accredited investors in the US. Beaxy founder Artak Hamazaspyan is accused of misappropriating at least $900,000 and using it himself. When the misappropriation was discovered, several other executives convinced Hamazaspyan to leave, and Nicholas Murphy and Randolph Bay Abbott began operating the platform. Beaxy Exchange is an exchange that’s built by traders for traders.

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What is a Beaxy(BXY) withdrawal fee?

In order to withdraw funds from Beaxy, all users must complete an identity verification process first. The exchange offers 24/7 support out of their 3 offices around the world. If the token is locked for less than 1 month, PLS holders will be entitled to 15% of trading fees.

After your transfers have been confirmed you are free to trade on the exchange. Security – The Beaxy team place security at the forefront of their priorities and the exchange uses two factor authentication and is compatible with both Google and Authy Authenticators. The exchange also allows for withdrawal address and IP whitelisting, and the team also promise to maintain the confidentiality of user data.

Beaxy uses two-factor authentication that is compatible with Authy and Google for keeping accounts better protected. The exchange is also in line with ENISA and PCI-DSS standards. We cannot skirt over the customer support service here as — well as Beaxy offers 24/7 support with live chat functions. If you require multi-language support, this is also available through a request ticket system, and they even have a FAQ section and a Knowledge Base to boot. Some exchanges may charge a fixed fee, while others may charge a percentage of the transaction value.

To pass the KYC check, you need to specify the country of residence, select the type of identity document and attach its photos. The photo of the document must be without glare from the flash, all information must be readable. A driver’s license, national ID card or civilian passport can be used as an identification document. After the application is processed, you will receive a notification by mail when the verification is passed or rejected. Money Services Business registered with FinCEN that services customers in 42 U.S. states, in addition to serving an active global customer base in many international markets.

Key Features

If the transaction is unconfirmed, you can try increasing the fee to incentivize the network to process it faster. If the transaction is stuck for an extended period of time, you may need to contact the platform or wallet you are using for further assistance. If you pay a low fee for your Beaxy withdrawal, it may take longer for the transaction to be processed and confirmed by the network.

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• Buy, sell, receive, send and exchange multiple cryptocurrencies at any time.
• Easily create an account or use your existing Indodax login.
• Market makers are being encouraged to use the exchange and are exempt from trading fee commissions.
• The Beaxy Exchange is an up and coming cryptocurrency exchange that aims to be an all-in-one exchange with a variety of tools catered towards the user to give them a better experience.

In order to further secure user accounts, the exchange also provides the ability to whitelist withdrawal address, which restricts the places funds can be sent to. IP whitelisting is also featured and once set up, when you try to log in to your account for the first time from a new location, access will be denied and a red “IP Whitelist” message will appear. You will be sent an email with a verification link that will allow you to access your account from the new IP address.

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To get the bonus, register your account, join the bonus program on the Deposit page, get verified and get a bonus of 100% when you deposit up to 500 USD. To create an account, click the “Register” button in the upper right corner of the home page. Here you need to specify your email address, password, and cell phone number. After filling in the data, you need to agree with the terms of use, and click “Register”. For trading on the platform beaxy.com you need to register, connect two-factor authentication and pass KYC verification, let’s look at each of these steps in more detail.

Profitable https://traderoom.info/currency trading for all traders, deposits and withdrawals. Vauld aims to provide its users with a customer-centric banking solution leveraging blockchain. We intend to treat your cryptocurrencies as a separate asset class and offer services that ensure technologies based on the blockchain are usable as of today.

The beaxy review platform enables the buying and selling of cryptocurrencies against the shekel, along with the management and preservation of digital currencies and the realization of large-scale transactions . Trading via API , advanced trading commands, detailed reporting interface, graphs, and more. In the trading arena, 222,314 transactions totaling 49,299 Bitcoin were executed by 12,486 traders. The site enables secure trading that is protected with the help of advanced security mechanisms. Premium service for customers interested in large-scale crypto transactions.

Check out Bitsgap, leading crypto arbitrage bot to learn the best way of doing it. 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. After accepting the Terms and Conditions and clicking “Sign Up”, you will automatically receive a confirmation email with a verification link. After clicking on the link, you will be asked to log into your account.

It is not an offer to buy or sell any security, product, service or investment. There are various explanations and tips on how to navigate the platform placed in easy to find locations. 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.

Cointelegraph’s latest news on fintech and cryptocurrency is the best source to rely on while deciding on trading strategies and investment options. Read the latest news on blockchain and cryptocurrency on Cointelegraph.com. The fee is usually expressed in satoshis per byte (sat/b) or gas and depends on the current network conditions. Miners prioritize transactions with higher fees, so the fee you pay will determine the speed at which your transaction is processed.

Instant buy with your credit card, debit card or bank transfer. Enter the amount of Bitcoin you’d like to buy and the fiat currency you’d like to use. We’ll instantly convert your Bitcoin amount into your chosen currency. Enter only minimal personal information to verify your account then enjoy fast, simple, and secure access to the crypto world’s lowest Bitcoin prices. Once your information is verified, transactions are instant.

Use either your Jubiter wallet to fund purchases or your bank or credit accounts. Take control of your Bitcoin with a reloadable cryptocurrency card from Jubiter. Use this prepaid BTC debit card for everyday purchases, online shopping, and ATM withdrawals. Coinmarketfees.comthat compares transaction fees, withdrawal fees, interest rates on crypto deposits and loans.

Since they start their journey they always listened to experienced traders and were open for feedback. A lot of that feedback already is integrated into the exchange as we speak. You get the opportunity to win a significant amount of tokens by referring users to an amazing platform where they get to trade for free for three months and also get some $BXY in return. There is a great variety of customer support features upon the Beaxy exchange. You can submit a request to their customer support team regarding any issue that you have and they should get back to you rather quickly because of their 24/7 customer support.