Trade BXY to BTC on Beaxy

The Beaxy token (BXY) is the native asset of the Beaxy Exchange and is primarily used by those participating on the exchange to earn rewards and receive discounts on trading fees. The BXY token began trading with a BTC and USDC pair in June of 2019.

Beaxy profile

Features of Beaxy

Pay with BXY

The primary feature of the BXY token is the Pay With BXY option which allows traders on the Beaxy Exchange to pay their trading fees in BXY instead of bitcoin, fiat currency, or other digital currencies. Opting to pay fees with BXY can save traders up to 25% on their trading fees depending on how much volume they generate on the exchange.

STK Loyalty Rewards Program

Additional features of the BXY program include the STK locking program as well as the goal-oriented token burns. The STK program gives BXY token owners the chance to lock their tokens and earn more BXY tokens based on the number of tokens that are locked, the length of time they are locked for, and the amount of daily volume generated on the exchange. In the most ideal conditions, those locking their tokens can earn up to 12% per year in returns. In order to earn higher returns, you can choose to lock more tokens, lock them for a longer period of time, or both. The goal-oriented token burns are designed to reward BXY token holders by reducing the total number of BXY in the circulating supply, thereby making the share of tokens held by everyone else higher. These tokens burns are based on total daily volume.

Frequently Asked Questions

What is Beaxy?

Beaxy is a comprehensive digital asset trading platform that combines all of the best features in crypto into one exchange. The exchange offers many exciting ways for traders to earn BXY tokens for actions that they take on the exchange such as making trades or referring the platform to other traders. Beaxy gives you access to professional trading tools like TradingView charts and AI-generated trading signals to make technical analysis even more convenient and effective. The platform also enables its users to purchase digital assets using a credit or debit card, their bank account, or a wire transfer. And all of this while offering lower fees than the competition. The BXY token is the base asset for the trading platform, Participants of the exchange can hold and use the token to generate rewards, benefits, and discounts on the exchange. The BXY token follows the ERC20 standard and can be held in any ERC20 compatible wallets.

Beaxy Technology

The BXY token utilizes the ERC20 technology standard to make the token more useful and ubiquitous. As an ERC20 token, BXY is compatible with all ERC20 wallets and platforms. This makes it easy for BXY token owners to move their assets and enhance the security of their holdings. This also allows for easy tracking of the BXY tokens in circulation. All ERC20 tokens can be tracked using sites like Etherscan.io which provide full transparency on all movements of the BXY token.

How to mine Beaxy?

The BXY token is not mined into creation in the way that other digital currencies are. The total supply of 500,000,000 BXY tokens was created at the same time when the ERC20 token first launched. The majority of the total supply of BXY tokens are locked and not in the circulating supply. Instead of mining, the ways to acquire BXY are by purchasing the token on the Beaxy Exchange, earning BXY by participating in promotional deals on the exchange, or by completing a peer-to-peer transaction with someone who has BXY tokens to exchange with. To acquire the BXY token on the Beaxy Exchange simply register for an account, verify your identity, and fund your account with cash or digital currency. Once your account is funded you can use your balance to purchase BXY tokens.

Risks of Beaxy Trading

Investment Risk The price of digital currencies, including BXY, regularly moves a lot in very short periods of time. This means that cryptocurrencies are a very volatile asset class. Increasing volatility is generally seen as an increase in the overall risk. Relative to legacy markets, it doesn’t take as much trading volume to move digital asset prices. Security Risk BXY’s security risks are more complicated than other assets such as stocks or real estate. It is important to reduce your attack surface as much as possible. You can do so by holding your BXY in an ERC20 wallet that is not connected to the internet such as MyEtherWallet. This requires a hacker to get your private key before they could gain access to your wallet. When using a wallet that is connected to the internet, a hacker may only need your password to a website in order to steal your bitcoin. When using an offline wallet with a properly recorded and stored private key, you have significantly reduced your attack surface. Regulatory Risk All digital assets have regulatory risk that stems from them being partially anonymous. Governments know that cryptocurrency can be used to launder money and they have a general lack of incentives to help digital assets as they see them as a competitor to their national FIAT currencies. Because of this, there is a possibility that governments could apply unusually harsh regulations for using or owning cryptocurrency. They could even ban the digital currencies outright and make their use or possession against the law. This is a major risk as any such action taken by a powerful nation could negatively affect the value of the digital currencies.

Invest

BXY on Beaxy

Trade other cryptocurrencies on Beaxy

TRADE BTC

USDC is a stablecoin and its value is anchored to that of the United States Dollar.

TRADE ETH

ETH is the native currency of the Ethereum Blockchain, a programmable protocol that supports applications like smart contracts.

TRADE BXY

BXY is an exchange token that works as loyalty rewards and functional fuel for the Beaxy exchange ecosystem. Greater rewards, discounts, and potential of the platform can be unlocked with BXY.

TRADE NEO

NEO is an asset run on a distributed smart contract platform. You can exchange NEO and BTC when you place an order on Beaxy.

TRADE XRP

XRP is a cryptocurrency known for speed and use in global banking. If you’re interested in XRP you can navigate to the coin page to learn more, or the trading page directly to trade.

TRADE LTC

Litecoin and Bitcoin can be directly swapped for each other on Beaxy. Using the LTC/BTC trading pair allows you to move directly between two of the earliest cryptocurrencies.

TRADE ETC

Ethereum Classic is a decentralized network that is tailored to application development. If you’d like to trade ETC for BTC, you can do so directly on the exchange page.

TRADE XMR

Monero was built for anonymity and is the most popular privacy-focused cryptocurrency. You can move in and out of BTC when you place an order with XMR on Beaxy.

TRADE EOS

EOS is the base asset of EOS.io, a smart contract platform that is governed by 21 block producers. Swap your EOS and BTC with ease on Beaxy.

TRADE BCH

You can easily move in and out of Bitcoin Cash on Beaxy. Swap Bitcoin Cash for Bitcoin directly by placing an order on the exchange.

TRADE BEAM

BEAM is a privacy-focused cryptocurrency that protects your identity. You can conveniently swap Beam and Bitcoin on Beaxy.

TRADE DASH

DASH is a decentralized payment solution that features instantly settled payments. You can trade DASH and BTC directly on Beaxy.

TRADE BAT

Basic Attention Token is the native asset of the Brave browser. You can earn BAT by consuming content on the Brave browser. Exchange BAT and BTC efficiently on Beaxy.

TRADE AION

AION is a native asset that performs critical functions for The Open Application Network. You can swap AION and BTC directly on Beaxy.

TRADE MTL

MTL is the base asset for the Metal Pay ecosystem. MTL is used for quick and easy peer-to-peer transactions. Trade for MTL and BTC directly on the Beaxy Exchange platform.

TRADE ICX

ICX is the native asset of ICON, a decentralized blockchain network that focuses on interoperability. Seamlessly trade ICX and BTC on Beaxy.

TRADE VID

VideoCoin (VID) is a cryptocurrency that runs on the Ethereum blockchain. The asset is rewarded to producers and consumers of web-based video content. You can swap VID and BTC directly on Beaxy.

TRADE WAVES

WAVES is a cryptocurrency that is designed to cater to developers. You can conveniently trade WAVES and BTC on Beaxy.

TRADE ZRX

ZRX is the native asset for 0x, an open-source smart contract development platform. ZRX holders can use the token to vote on updates to the network. Seamlessly swap ZRX and BTC on Beaxy.

TRADE TOMO

TOMO is the base asset for the TomoChain platform which uses Proof of Stake Voting to reach consensus. Easily trade TOMO for BTC by placing an order on Beaxy.

TRADE GO

GO is the native asset on the GoChain network. GoChain uses Proof of Reputation as a consensus mechanism. You can easily swap GO for BTC on Beaxy.

TRADE LINK

Chainlink (LINk) is a decentralized oracle network that connects smart contracts on its platform to verifiable data hosted by nodes on the network.

TRADE DRGN

Dragonchain is a commercial-grade hybrid blockchain that enables developers to rapidly build private blockchains and decentralized blockchain applications.

TRADE NRG

NRG is a proof of stake platform that is enables the development and management of smart contracts. Exchange NRG with BTC on Beaxy.

TRADE POLY

POLY is the native asset of Polymath, a security token genreation and management plafotm that allows enterprises to seamlessly create legal and complaiant security tokens. You can trade POLY with BTC on Beaxy.

TRADE FTM

FTM is a smart contract platform that is modeled after Directed Acyclic Graph (DAG). Exchange FTM tokens for BTC on Beaxy.

TRADE ZEC

ZEC is a privacy focused digital asset that giver users the ability to choose between sending public or private transactions. Trade ZEC with BTC on Beaxy.

TRADE XSN

Stakenet is an open-source platform that is Lightning Network-readywith its native cryptocurrency – XSN. You can trade XSN and BTC on Beaxy.

TRADE USDT

USDT is a stablecoin that is pegged to the value of the United States Dollar. You can trade USDT and other stablecoins on Beaxy.

TRADE ALEPH

Aleph.im decentralizes the infrastructure required to scale dapps which still rely on some centralized components. Buy, sell, or trade ALEPH on Beaxy today.

TRADE HIVE

Hive is a social blockchain based on Graphene that laucnhed in March 2020. You can trade HIVE and BTC on Beaxy.

TRADE GUNTHY

Gunthy is the token issued by Gunthy LTD, which is to be used for the licensing of existing and future Gunthy LTD products. You can trade GUNTHY for BTC on Beaxy.

TRADE ВSV

Bitcoin SV aims to deliver stability and achieve scalability, something that the original BTC blockchain has struggled to achieve. Buy, sell, or trade BSV on Beaxy Exchange.