Users can view statistics such as 30-day profit, preferred markets, account size, and number of copiers. Traders are also grouped into categories like conservative, low-risk, long-term growth, rising stars, and trending in the past 7 days. Overall, BingX delivers one of the most flexible and diverse derivatives platforms available today. High leverage remains risky, but the tools provided here give traders more control than on many competing exchanges.

BingX Fees and Costs

As a result, a platform that enables a comprehensive and smooth trading service for all kinds of traders was developed. Beaxy also features an online 24/7 customer support with live chat functionality, handled by a dedicated multi-language team and a ticketing system where users can submit support requests. Other support resources feature an FAQ section and Knowledge Base, and an active social media presence.

  • The standout feature here is Wealth-as-Margin, which allows users to maximize capital efficiency by using the same funds for yield and futures trading.
  • Yes, Beaxy is currently missing some top tier cryptocurrencies such as Polkadot (DOT), Cardano (ADA), and Stellar (XLM), all of which are top 10 assets.
  • To buy bitcoin or any crypto, simply select any of the ones supported by Beaxy.
  • The platform also integrates AI-driven insights to highlight potential opportunities among new projects.

BingX Futures Trading Fees

Unlike on some exchanges where demo accounts are limited or separate, BingX makes this feature available instantly across its main futures interface. BingX’s spot trading setup covers the basics well but also adds features that stand out. The categorized trading pairs make asset discovery easier than on many other exchanges. Pre-Market Trading gives users the ability to trade tokens over-the-counter before they are officially listed on BingX. This feature has already supported more than 20 projects, including Scroll, WLFI, WalletConnect, and Initia.

If you are able to afford to hold a half million BXY then you have no trading fees to worry about. BingX is a a leading crypto exchange and Web3 AI company founded in 2018. It offers spot, futures, copy trading, staking, and other investment products to over 10 million users worldwide.

Once you completed the above steps, you will have to wait until beaxy exchange review you receive a notification that your documents have been approved, which might take up to a couple of hours. It might be dangerous to gamify trading, but it could be worth looking into if you’re a novice trader looking for some ideas and direction. 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.

The platform also provides a ticket feature for immediate queries and an FAQ section for basic questions. More so, the support team may be accessed through multiple communication channels such as Telegram, Discord, and Twitter. The company is currently located in St. Kitts & Nevis in the Caribbean Islands.

  • As of now, Beaxy Exchange supports over Below is a screenshot of Beaxy’s platform.
  • In 2024, BingX entered into a sponsorship with Chelsea Football Club, its first partnership outside the crypto industry.
  • In Beaxy, it is not the case since it is wired with increased level of throughput and minimal latency database.
  • Most people need USDT or another stablecoin first, since it acts as the base currency for trading pairs.
  • On the other hand, professional traders can earn a share of profits when others copy their strategies.

Beaxy Exchange Review Conclusion

Before a user can purchase cryptocurrencies through Beaxy, connecting the user’s account with the bank account of his or her choice takes precedence. To execute transactions such as deposits and withdrawals, clients are allowed to use debit or credit card or wire transfer. As already mentioned, payments through Beaxy are also made convenient with the platform’s capability of instantly converting fiat currency into Bitcoin. Fundamentally beneficial to clients, this only leaves its clients with having to think of what cryptos they would like to purchase, when their time affords. Clients would no longer be bothered with complicated processes upon conversion of fiat currencies to BTC as it is already done for them by Beaxy’s comprehensive function. This gives avenue to traders who still use the traditional method of cryptocurrency trading.

And the application for Beaxy Black hardly seems worth it unless you are a die-hard, high-volume Beaxy trader. For each person you refer to the program, you’ll receive extra percentage points for any transaction fees collected throughout their trading. Beaxy surprisingly only supports a handful of USDT and USDC pairs as most of its trading pairs are with BTC. Evan Jones was introduced to cryptocurrency by fellow CryptoVantage contributor Keegan Francis in 2017 and was immediately intrigued by the use cases of many Ethereum-based cryptos. He has a keen and vested interest in cryptos involving decentralized backend exchanges, payment processing, and power-sharing. In addition to the fee reduction, BXY tokens can be allocated to Beaxy’s STK Loyalty Program.

Is BNB and SOL at Over $130B Market Caps Good Investments? This Crypto Visa Card Could Skyrocket by 2,000% in Q4

Beaxy even organizes its trading signals in a tinder-like left swipe, right swipe fashion. Traders can quickly sift through any signals and decide or not decide to act on them with a simple swipe of the finger. Trading fees can also be dramatically reduced through Beaxy Black, which we will touch on later. Beaxy’s order panels are a little unusual, but they are still straightforward to use, and Beaxy displays the trade total, fee amount, and available buying power right from the panel.

Risks of not disclosing

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.

Spot Trading on BingX

The fee structure and various incentives should prove successful in helping to attract users to the platform and improve the validity of the BXY token. The exchange also incorporates TradingView charts with a full range of technical indicators, and trading analysis, data research, and back-testing services from OneMarketData. It’s worth noting that users from the USA are currently not eligible to access the Loyalty Rewards program or obtain the PLS token in any way. After finishing the KYC application process, you will see the icon next to your name change to “Under Review”, and you’ll receive notification of your results once the review has been completed. Another thing that the review team had found noteworthy is Beaxy’s custody wallet that allows for the storage of all its clients’ coins. The user would then undergo a verification process through agreement with the company’s Terms and Conditions and hitting the “Sign Up” button.

Beaxy has several very good upsides (and also downsides, but mostly upsides) that make them a nice option if what you want is to invest into some coins without much effort. As such, you’ll be able to multiple your efficiency by stitching multiple trading methods together and work in any destination. For instance, you can use the Hummingbot on the Public API, the Trading System and the same Trading System on the mobile app, all the while keeping one eye on the Trender. It has neat design, integral to the other parts of this exchange and, importantly, comfortable and intuitive interface with every crucial button readily available.

In buying a crypto, once you have chosen which digital currency you want to buy, it turns into an order, which is transferred to an order book. The orders are matched by Beaxy Exchange’s matching engine to execute the transaction. Once the matching engine fixes you up for your order and it pushes through successfully, you will receive the funds on your account. Hummingbot focuses on helping clients in algorithmic trading, but with an added feature. With Hummingbot, you can use advanced trading strategies, including setting up automated trading that runs day and night. It works with the use of trading bots to execute trades automatically, which is nothing that a novice trader in algorithmic trading has to learn.

Despite being established just recently, Beaxy already gained popularity by offering services far more optimum than the industry standards. The incorporation of leading technologies and instruments made it the best option. Apart from the advantages that its platform carries, it also appeals to traders by having generous promotions and bonuses. This enhances user engagement, while ensuring that clients get the most exciting offer for a competitive rate. More so, the company is in constant pursuit for innovation, with the company’s promise of providing more excellent functions in the future. Taking all of these into consideration, Beaxy is inarguably a good platform to start trading with.