50x is a centralized exchange (CEX) that was launched in 2018. This crypto exchange is based out of St. Vincent and the Grenadines. The 50x crypto exchange claims to be the first crypto platform that supports direct trading between all listed coins. They are able to do this using the A2A (Any2Any) technology, which is a quantum trading core. 50x also supports liquidity trading.
The 50x cryptocurrency exchange does not support fiat currencies which is why it does not require users to go through the KYC process. Thus, user identity can stay anonymous as the platform uses internal blockchain technology. 50x has not specified which countries are not able to access its services.
While 50x does not have a mobile application, you can still access their trading terminal on your mobile browser. They are also compatible with desktop computers.
50x allows users to trade only crypto-crypto trading pairs. There are 39 coins and 1482 pairs up for trading on this cryptocurrency exchange platform. These pairs come with margin facilities and leverage facilities. The two main tokens of this platform include the 50X and A2A.
50X is the native currency of the 50x platform. It is a dividend token of the crypto exchange, and they give token holders the right to receive a share of 50x’s net profit each quarter. If there is no profit, no distribution is made to the token holders in that quarter.
A2A is also the native currency of the 50x platform. It is a utility token of the cryptocurrency exchange that allows holders to trade a direct pair between any listed coins. Token holders can also use analytical tools while performing these trades. These tokens are used to pay trading commissions with a discount of up to 50%.
50x exchange fees follow the maker-taker model. However, both makers and takers get charged a flat fee of 0.20% with this cryptocurrency exchange. The withdrawal 50x crypto fees vary depending on the crypto being used in the transaction. For instance, withdrawing BTC would require 0.0005 BTC. Similarly, withdrawing A2A would require 181.525242 A2A. 50x does not accept deposits in fiat currency. Besides, note that the majority of 50x trading pairs only get charged 0.01% in 50x exchange fees.
The 50x cryptocurrency exchange provides users with the ability to trade any trading pair directly using the Quantum Trade Core Any2Any technology. Users receive full support from the charts, which include Trailing Stops and other technical tools they may need. If they file a troubleshooting request and their query is not answered within 24 hours, their account gets credited with 500 A2A bonus tokens.
Moreover, the 50x crypto exchange provides users with the ability to set up an Emergency Wallet Address (EWA). These are addresses present in each blockchain where you can send your tokens automatically in case of an emergency. You can even set up your own withdrawal delay for orders and requests to EWA. Received orders will be put on hold for a specified time. They will be executed once the delay has expired. You can make changes to your delay period whenever you like as well. In order to access the tokens in your EWA, you have to use a Master Key. This is a one-time access tool that allows you to withdraw from your EWA account.
This crypto exchange also has a margin system that allows users to take out a loan with leverage up to three times the value of the loan. They can also lend funds at a chosen annual rate to have a passive income source.
Also, 50x has a Cloud API which allows users to create and run their own crypto exchanges. Though it has a 50-50 profit-sharing model between the developer and 50x.
Lastly, 50x has a 50x50 Bounty Program that allows users to earn 25% to 40% of the trading commissions of any person who signed up to the crypto exchange using their referral code. They can also earn an additional 25% of their referral's income under this program. This program has significantly boosted the 50x trading volume.
About the Company
50x was established in 2018 and operates out of St. Vincent and the Grenadines. 50x claims to be the first crypto platform that supports direct trading between all listed coins. You can find affordable 50x crypto price assets on this platform.
Lior Naveh is the founder of 50x. He has a keen interest in finance and blockchain technology. Naveh also founded another business called Bullboat in 2009.
As of February 2023, 50x has been able to stay out of controversies and cyber attacks.