Beaxy charges a 0.2% fixed fee per trade on market takers. However, Beaxy charges users who pay their trading fees in BXY 0.1% - a 50% reduction in trading fees. Users participating in Beaxy’s Membership Program can reduce their fees up to an additional 25%. Beaxy’s approach with fees is to focus on encouraging liquid markets. Therefore, Beaxy incentivizes Market Makers by rewarding them with a rebate - only the market taker pays the trading fee commission.
Depositing to the exchange is always free. Withdrawal fees are not fixed and will vary depending on the conditions of each blockchain. These fees are used to process your withdrawal.
Over The Counter (OTC) Trading Fees
Beaxy’s OTC (Over-the-counter) platform allows users to buy or sell large volume orders without affecting market conditions and price. The total fees vary based on the the trade and parties to the transactions and Beaxy charges a small matching fee based on the size and complexity of the transaction for the service.
Project Listings and Coin Sponsorship Fees
Beaxy selects digital assets to be listed on the exchange after an in-depth review process. Beaxy has and intends to continue to operate compliantly in the jurisdictions in which we conduct business; therefore, we require projects to complete a simple test to help us judge if the digital asset is a security as well as submit a legal opinion or memorandum from a reputable law firm.
Listing new coins and tokens is not free for any exchange and we realized that a ‘listing fee’ has been abused in the past by our predecessors. So, we intend to re-approach the listing fee in a fair and transparent way. After the Listing, Legal and Development team’s salaries, additional server costs, running a node (if the asset is a custom chain), market making, marketing and a few other things are factored in, listing a new coin or token can cost us upward of ~$50,000. However, if a project provides their own market maker the cost can be reduced by half so we encourage that any project that applies for listing in the future either provides their own market maker or should expects us to offset the costs with a fair, transparent, and itemized listing price. The listing cost will be requested in BXY.
Beaxy will also charge for “sponsored coins” that wish to be highlighted on the market page of the exchange.
If you would like to submit your project for review, you can use this form for submission