December 16, 2020 |James Messi
Beaxy Exchange adds support for BSV deposits, withdrawals, and trading against BTC and USD.
What is Bitcoin Satoshi Vision (BSV)?
Amid the lightning-fast pace at which new cryptocurrency projects are rolling out, the hard forks of 2017-2018 may as well have happened in 1902, thus meriting a quick history lesson. Bitcoin SV (BSV) is a hard fork of Bitcoin Cash (BCH) which was originally hard forked from Bitcoin (BTC).
Designed to be lightweight in terms of both transaction data and the associated network fees, the BSV team has built a robust blockchain infrastructure that can handle far more than a payments network – although it does that masterfully for businesses and individuals alike. Cryptocurrency markets are maturing and with that maturation comes increased regulation. Fortunately, BSV was designed to ease regulatory obstacles for anti-money laundering while striking a balance with privacy of personal data on the network.
Proponents of BSV emphasize the network’s larger block size which supports higher transaction volumes than its peer networks.
BSV: Ease of Use
The main refrain on BSV’s value is worth repeating – it can scale to support enterprise-level data requirements at a fixed rate which remains stable and therefore predictable. With an average transaction cost less than 1/100th of a US cent, the network features unbounded block cap size with no artificial limit, meaning it can handle a higher daily transaction volume.
The larger fluctuations in ethereum and bitcoin network costs and transaction speeds are often seen as unsuitable for enterprise requirements. One of the companies building on BSV – is Fabriik. Fabriik is a collective of companies operating in the Fintech and Digital Asset Investment market such as Fabriik Markets which provides smart digital asset services via market making, liquidity provision and OTC services. Fabriik is evolving the financial system to benefit the billions locked out and the billions locked in. Fixing the financial system at its core to truly benefit everyone by creating an open access marketplace where anyone can transform, hold, trade and grow any asset they own.
BSV: The Coin
Native Token: BSV
Circulating Supply: 18,562,208
Total Supply: 21 million (Hard Capped)
BSV hit its all-time high in January 2020 at $441.20 and with a 200-day moving average at $185.15378, has been firmly in the top cryptocurrencies by market capitalization since. For those savvy enough to have bought it at launch, it maintains a 97% ROI and looks to have a shot at moving higher if enterprise migrations favor BSV as their primary blockchain provider.
How to buy BSV on Beaxy Exchange
Acquiring BSV has never been easier. Buy, sell, or trade BSV when you create a free account on Beaxy Exchange. Sign up today to access the BSV-BTC and BSV-USD trading pair on a secure, U.S. exchange. On average, Beaxy Exchange registrants pass KYC in five minutes or less. Even better, your crypto assets are secured by Curv custody, and your fiat currency holdings are backed by FDIC insurance up to $250,000.
Creating an account on Beaxy Exchange gives you the power to:
● Buy, sell, and trade dozens of popular cryptocurrencies
● Activate Gunbot with a free API slot through our premier partnership
● Move funds in and out of six global currencies (USD, EUR, GBP, JPY, CAD, AUD)
● Use profit proven trading tools like Trender and Signals
● Receive a trading fee rebate upfront when you opt-in to the Deposit Bonus program
Official Press Release
Bitcoin SV support introduced at Beaxy Exchange in partnership with Fabriik Markets
CHICAGO – November 6, 2020 – Beaxy Exchange, the popular Chicago-based digital asset exchange, today announces that it has introduced trading support for Bitcoin SV [BSV] on its platform. With immediate effect, BSV/USD and BSV/BTC trading pairs are listed and available for use.
The introduction of Bitcoin SV comes as a result of a partnership between Beaxy Exchange and Fabriik Markets, a leading digital asset market-maker and liquidity provider. Fabriik Markets will provide market-making services to Beaxy Exchange for BSV-based trading pairs.
The move to launch BSV-based trading on Beaxy Exchange comes as demand for the digital asset continues to grow globally, with the utility of its massively scaling blockchain driving expansion of data use cases across many industry sectors. BSV also functions as a powerful payments network for both businesses and consumers, with its fast transaction times, low fees (sending a BSV payment costs less than 1/100 of a U.S. cent), and regulation-friendly approach providing an ideal payments platform.
As a U.S. Money Services Business [MSB] registered with the Financial Crimes Enforcement Network [FinCEN], Beaxy Exchange offers a safe, compliant, and protected service for its customers. All digital assets on Beaxy Exchange are secured by Curv Institutional Custody, with USD deposits insured by the Federal Deposit Insurance Corporation [FDIC] up to $250,000.
Beaxy Exchange services customers in 42 U.S. states, in addition to serving an active global customer base in many international markets. Fiat currency on-ramps are offered by wire transfer in USD, EUR, GBP, JPY, CAD and AUD, as well as credit/debit card on-ramps offered through Simplex in USD, EUR, GBP, ILS, TRY, CAD, CHF, KRW, JPY, RUB, AUD, CZK, NOK, DKK, NZD, SEK, ZAR, HUF, and PLN.
Speaking on today’s announcement, Bay Abbott, Director and Co-President of Beaxy Exchange, said:
‘There have been very limited options for those in the United States to buy or sell BSV safely and with convenience. For that reason, along with all of the interest we’ve seen from our community, Beaxy Exchange is thrilled to offer new markets for BSV that were otherwise inaccessible to a large portion of the total crypto market. This is a great opportunity for the global audience as well, as Beaxy will provide fiat on and off-ramps for traders using the USD, EUR, GBP, JPT, CAD, and AUD.’
Also commenting, Steven Walt, General Manager of Fabriik Markets, said:
‘We are excited to partner with Beaxy to support their customers’ needs around BSV liquidity. Beaxy is an established and well-respected brand within the digital asset space, and we look forward to leveraging our technology and liquidity to support their growth.’
Also speaking on today’s announcement, Jimmy Nguyen, Founding President of Bitcoin Association, the Switzerland-based global industry organisation that supports Bitcoin SV, commented:
‘Bitcoin Association welcomes the addition of BSV support by digital asset businesses that comply with applicable regulations and prioritise operating in a transparent manner, demonstrable qualities of both Beaxy Exchange and Fabriik Markets. With a U.S. base of operations and a strong international reach, Beaxy Exchange are an ideal partner to work with Fabriik Markets to expand the fiat on-ramps for and accessibility of BSV in the U.S. and around the world. I wish both businesses well for the future of their partnership and look forward to their contributions to the ongoing Bitcoin SV growth story and to advancing a more lawful digital currency industry.’