Most people need USDT or another stablecoin first, since it acts as the base currency for trading pairs. The exchange also incorporates the ERC20 BXY Token which allows users to participate in staking in order to receive a 50% discount on trading fees. As this is the case, the review team had performed an exhaustive review of all services and functions offered by the platform. It is the goal of the team to provide a pointed and informed assessment of Beaxy.com so as to 1. Help these potential customers decide whether they would either want to sign up with the crypto exchange or disregard the prospect altogether.
One important feature is the use of dedicated sub-accounts for copy trading. This keeps copied trades separate from a user’s main account, which simplifies management and reduces the risk of mixing positions. BingX also advertises a 0 slippage guarantee, meaning orders are executed at the same price as the trader, regardless of market conditions. Copy trading on BingX allows users to follow the strategies of more experienced traders in both spot and futures markets. BingX provides a Demo Trading Mode that can be switched on with a single click. The demo account mirrors real market conditions but uses simulated balances, allowing new users to practice futures trading without financial risk.
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- The Beaxy trading interface is more than satisfactory, with low trading fees and considerably more order types than most other crypto exchanges, but it is severely lacking in markets.
- This means that no other crypto exchange will have access to this technology.
- This type of information can greatly affect the wellbeing, financial security or safety of people and communities.
- As for the Hummingbot and Beaxy Black, the friction of actually implementing the bot or applying for Beaxy Black will make both largely unappealing to most traders.
Beaxy Exchange Review: Complete Beginners Guide
This makes discovery easier compared to exchanges that only provide a long alphabetical list. BingX is a leading crypto exchange and Web3 AI company, offering more than just spot and futures trading as most crypto exchanges do. The team behind the exchange are aiming to provide a comprehensive service that appeals to users of all experience levels. The user interface is intuitive and the dashboard is well laid out and there are various explanations and tips on how to navigate the platform placed in easy to find locations.
- Cryptocurrency is a bit different from other trading products (stock, Forex, etc.) in that coins are mostly traded on exchanges built into the websites that belong to one broker or another.
- While it is indeed a tad exchange, Beaxy is never to be underestimated as the platform is conducive enough to facilitate a cryptocurrency trading.
- What this means is that, this review is highly likely one of the first, if not the first of a possible string of reviews about the online cryptocurrency exchange entity.
- The Beaxy Blog is a compilation of news articles and tutorials about cryptocurrency trading.
What the review team only desires is that Beaxy assures clients further that their data would be beaxy exchange review fortified through a similar system. As mentioned, Beaxy has signed many agreements over the years to allow numerous tokens and coins on their platform. These products are almost unique to Beaxy, so if you’ll find yourself in possession of a peculiar coin, it’ll likely be featured on Beaxy. Algorithmic trading is made easier with Hummingbot through its advanced strategies and an automated trading that functions day and night. It has a user-friendly interface, allowing even novice traders to perform algorithmic trading without prior knowledge.
Launchpool stands out because rewards per participant can be higher than on bigger exchanges, mainly due to smaller pools and capped staking limits. One difference from larger exchanges like Binance is that BingX participants often earn higher average rewards, due to smaller pools and lower competition per event. The exchange was the first global platform to introduce copy trading, and it has since grown into one of the largest ecosystems of its kind.
Beaxy Security
The Beaxy cryptocurrency exchange supports over 40 trading pairs but only about half as many individual assets. The exchange also offers unique features not always seen elsewhere, such as ChainSpot for on-chain trading, pre-market token access, and a broad range of futures that even include forex and indices. The main advantage is accessibility, users with small amounts of USDT or other supported tokens can join without major upfront costs. The trade-off is that rewards depend on project quality and demand, which vary from case to case.
So, Beaxy is perfect for those traders who want to enhance their crypto-trading experience without much effort and headache. For instance, one of the more recent additions is Gunthy tokens issued by the company with the same name and used to fuel Gunbot, one of their creations. It reportedly increases your profits, but if you’ll want to invest some of your spare Gunthy tokens into Bitcoin, you’ll need to come to Beaxy for that.
• Technology
In 2025, BingX became the first crypto exchange to go all-in on AI, committing $300M over three years to embed intelligence across the platform. The first step was the BingX AI Bingo trading assistant, designed to deliver real-time market insights, trade ideas, trade reviews, pro-trader recommendations, and help with position management. It adapts to experience level—simple guidance for newcomers, deeper analytics for pros. Users can follow the trades of more experienced investors, either in spot or futures markets. This has attracted many beginners who may not want to trade on their own but still want exposure to crypto markets.
Create an Account
This includes their native token Beaxy Coin (BXY), which we will look at in the fees section. Beaxy Exchange is an up-and-coming fiat-to-crypto exchange that offers a great loyalty program for those who hold their proprietary token Beaxy Coin (BXY). Rewards include up to 12% apy and the potential to earn a piece of the fees the exchange makes everyday. I was new to cryptocurrency trading and the user experience at Beaxy made it super easy to learn.
You can only trade your BXY tokens for this token and when you receive it you can lock them up for a certain time, which will get you a percentage of your trading fees back. 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%. There is also an option to earn a portion of trading fees by locking up PLS tokens and onboarding friends onto the platform via the referral program. There is also another way to get discounted trading because with the staking program, you will have the option to lock up some of your BXY tokens to receive a discounted trading fee. BingX is a leading crypto exchange and Web3 AI company that started in 2018. After a month of using Beaxy’s services, the review team had found that the trading conditions provided by Beaxy are promising in that it provides a venue for lucrative cryptocurrency trades.
Margin Trading
With this kind of technology, the platform is able to process larger volumes of requests per second, with transactions taking up just 1ms to complete. There are various explanations and tips on how to navigate the platform placed in easy to find locations. 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. Users are encouraged to first check their Help Center if a question arises.
Security is reinforced by BingX’s usual protections, such as two-factor authentication and cold wallet storage, while trades themselves are executed on-chain using smart contracts. Beaxy Exchange’s vision is to help clients achieve financial freedom and build a better financial future. This can be executed through investing in a diverse range of instruments, which Beaxy Exchange provides, along with advanced trading tools and an unstopping support and commitment to the clients’ welfare. Beaxy Exchange promises its clients an improvement in their lives through cryptocurrency trading. The firm is registered in the Caribbean Islands with mission-vision centred on bridging cryptocurrency trade and legacy finance.
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What is BingX?
When using third parties, users are redirected to complete KYC and payment details on the provider’s platform. Over the years it has shaped itself into a kind of “all-in-one” hub for traders. You get the basics such as spot markets, futures with up to 125x leverage, and more than 40,000 elite traders.