Beaxy Exchange Adds Support for Six National Currencies

August 03, 2020 | 

Beaxy Exchange Adds Support for Six National Currencies

“Our mission is to help you build your financial future. By increasing your exposure to a diverse range of assets, providing you advanced trading tools, and giving direct & consistent support we demonstrate not only our care for the well-being of the community but our commitment to helping you improve your life.”

Since Beaxy Exchange first launched, our mission has been to help you build your financial future, as we firmly believe that cryptocurrency is the future of finance and commerce. Cryptocurrencies are knocking harder at the door of the existing financial systems, and with the rise of DeFi, cryptocurrencies are becoming increasingly capable of democratizing finance. As such, we also believe that people should have the ability to safely transition between cryptocurrencies and fiat in order to partake in this financial revolution. 

Having said that, we’re mindful of that critical layer of friction with the user experience of cryptocurrencies, severe enough that it impedes widespread access to it; the ability to transition between cryptocurrencies and fiat currencies with ease. The result? Hampered adoption.

If we are to succeed in our mission, there’s no option but to address this problem area by providing a crucial link between cryptocurrencies and traditional finance. Beaxy can only help you build your financial future by making it easier, and safer, for you to access the future of finance.

We’re extremely proud to announce that we’ve made significant strides in our mission. Starting today, U.S. customers can deposit and withdraw US Dollars via wire transfer, and customers globally can trade BTC, BXY, and ETH, with a USD trade pair.

So, what does this mean for you?

– The convenience of wiring your USD directly from your bank to your Beaxy Exchange account to purchase your cryptocurrencies with ease

– Save money on fees. You no longer need to purchase your cryptocurrencies elsewhere, only to lose money on the network fees when transferring them over to Beaxy

– As a trader, enjoy the benefits of Beaxy’s globally sourced liquidity for USD pairs. Enter and exit cryptocurrency-fiat trades with ease

“There are a handful of U.S. based exchanges that offer a USD on and off-ramp, and Beaxy’s addition puts the exchange in that elite tier. This a significant milestone for the Beaxy Exchange. Further, this is welcomed news for the industry at large in that ”

What’s next?

The launch of our USD on and off-ramp is the first phase of a three-part rollout.

In phase two, deposits and withdrawals via wire transfer will be extended to our global user base, with support added for an additional five major fiat currencies;  Great British Pound, Euro, Canadian Dollar, Australian Dollar, and Japanese Yen. This will make Beaxy the only cryptocurrency exchange offering retail users six major global fiat currencies as the quote currency of a crypto-fiat trade pair.

In the final phase of Beaxy’s fiat rollout, ACH deposits and withdrawals will be added, offering customers an alternative method of transferring fiat currencies to and from their Beaxy Exchange account for a more seamless user experience. 

We believe that cryptocurrencies can coexist with fiat currencies. As such, our aim is to reduce that layer of friction between crypto and fiat currencies as best we can. By providing a USD on and off-ramp, we took a step in the right direction. There’s still a lot of work to be done, but closing that gap between cryptocurrencies and traditional finance is only a matter of time. 

Trade BTC, BXY, and ETH with a USD trade pair, and deposit your USD at Beaxy Exchange today.