Review on Beaxy by Pedro O. Alvino M.
Centralized exchange for professional traders.
Exchange designed especially for expert traders, its trading interface has a variety of tools as well as various real-time graph models of the exchange pair, in addition to having several exotic currencies and the ability to buy crypto assets with Fiat currency through a bank account or credit card.
Based in the US, it directs its services especially to residents of that country, although the exchange's services are available globally, in which an important aspect is the security and support that the exchange has for users, so that the level of security and technical assistance are excellent.
With the ease of being able to connect a bank account with the exchange, either to buy and sell cryptocurrencies, it facilitates the process with a quick purchase mechanism and without the need for special knowledge, since the exchange also has special bonuses regarding the deposit of the user, which there are certain benefits in terms of the operator's activity in the exchange.
The platform's deficit is undoubtedly the commercial volume it handles, so that there is a low percentage of liquidity in all of its exchange pairs, thus damaging the trading system of some operators.
Pros
- Contains various exotic cryptocurrencies and supports Fiat currency trading.
- It is designed with advanced protocols for the execution of buy or sell orders.
- It has a good section design in the commercial interface.
- Allows the link with bank accounts for the withdrawal and deposit of funds.
- It is supported by funds of up to $ 250,000 by the FDIC.
- Compatible for mobile devices.
Cons
- Liquidity within the exchange is very scarce.
- Its design is difficult for experienced operators and the learning center system is in beta.
- It has a low number of downloads of its mobile app on android.
