50x Crypto Exchange Review 2023 : Pros & Cons

What Is Crypto Exchange ?

A cryptocurrency exchange, often known as a crypto exchange, is an online marketplace that makes it easy to buy, sell, and trade cryptocurrencies. It functions as a market area where people and organizations may trade cryptocurrencies or convert them into fiat money like the US dollar or euro. These exchanges give consumers an easy-to-use interface so they can open accounts, make deposits, place orders, and monitor market prices.

They play a crucial role in the realm of cryptocurrencies by offering trading security, price discovery, and liquidity. A few well-known cryptocurrency exchanges are Coinbase, Binance, and Kraken, each of which provides a variety of features and supports a large number of cryptocurrencies.

It’s crucial to remember that each country may have different regulations governing cryptocurrency exchanges, which may have an impact on how they operate and how users are protected. As a result, users should use caution and do their homework before selecting an exchange to ensure their security and adherence to applicable laws.

What Is 50x Crypto Exchange ?

A centralized exchange called 50x.com is officially registered in Kingstown, Saint Vincent and the Grenadines. The cryptocurrency exchange 50x.com asserts to be the first to have an Any2Any trading core, which enables direct trades between all listed coins. With the aid of trader’s tools like stop losses, trailing stops, token loans, and professional managed accounts, 50x.com, which is powered by A2A technology, enables users to trade any listed coin to any other listed coin directly in one trade.

50x Crypto Exchange Quick Facts

How To Register At 50x Exchange?

To register on 50x , click Register Now button at the top of the page. You can also start creating an account directly through the form on the main page.

You only need to enter your e-mail and come up with a password. If there is a referral code, it is also entered at this stage. Password requirements: at least 8 characters, numbers, upper and lower case.

Click ” Create Account ” then go to your email to verify it. Enter the code you received and registration is complete. You can start replenishing your account.

50x Exchange Supported Countries

50x Exchange is a cryptocurrency exchange that supports users from various countries around the world. However, the availability of services may vary depending on the location of the user.

Exceptions are the US, China, Japan and countries in the Middle East. Syria and North Korea are also countries whose nationals cannot trade on 50x .

How To Verify Your 50x Cryptocurrency Account ?

There is no mandatory verification at 50x , but you can pass it if you wish. At the moment, the only restriction imposed on unverified users is the withdrawal limit of Free. In the future, depending on the actions of regulatory authorities, conditions may change.

For verification, you can use one of four documents to choose from: passport, driver’s license, identity card or residence permit. Artificial intelligence is used to evaluate the authenticity of documents. This service is provided by the Onfido online identification service, already used by the 50x , Revolut platforms.

How To Buy Crypto Or Deposit Crypto At 50x Crypto Exchange?

There are two main options for topping up your balance on 50x . Firstly, you can buy cryptocurrency with a bank card – it’s fast and convenient. Go to the ” Buy crypto ” -> ” Buy crypto with a credit card ” section.

Choose a cryptocurrency (currently there are 13 coins available for purchase in this way). Enter the amount and select the fiat currency to be used for payment.

After that, you will need to select a payment channel: each of them has conditions. You can choose between Simplex, Mercuryo, Banxa and Moonpay. Click ” Buy ” next to the appropriate option.

Agree to the terms and confirm the transition to the site of the payment provider. Enter information about the card and its owner, confirm the transaction. Cryptocurrency will be credited to the exchange account within a few minutes.

Second Method

You can transfer digital assets to the balance of the exchange from any external crypto wallet. For this:

• Go to the “Deposit” section from the “Assets” menu.

• From the drop-down list, you can select the cryptocurrency you want to deposit into your account.
• The wallet address will appear. You need to copy it and send funds to it from another wallet or exchange. Please note that only bitcoin can be sent to bitcoin addresses, similarly with other coins.
• You can also click “Show QR code” – for transfers from a mobile wallet, this is a more convenient option.

How To Withdraw Crypto Asset From 50x Exchange ?

Having completed all the necessary trading operations, it’s time to withdraw the received assets to an external wallet. Go to ” Assets ” -> ” Withdraw “. Please note that the operation is only available after enabling two-factor authentication in the settings. This is for added security and requires less than a minute, so don’t neglect this measure.

Select a cryptocurrency and enter the withdrawal amount. Each coin has its own withdrawal fee, for example, for BTC it is 0.00057 BTC. Click ” Output “. By default, the exchange processes applications three times a day, however, hourly withdrawals are available for Premium users. Also, the time of receipt of the cryptocurrency is affected by the workload of the blockchain network.

How To Secure Your 50x Account ?

There are several steps you can take to help secure your 50x account and protect your funds:

1. Use secure, distinctive passwords: Make your passwords strong and complex by mixing capital and lowercase letters, numbers, and special characters. Do not use information that can be easily guessed, such as your name, birthday, or everyday words.
2. Using two factors to authenticate (2FA): Wherever practical, enable two-factor authentication. By requiring a second form of authentication in addition to your password (such as a code texted to your phone), this increases security.
3. Frequently Updated Passwords: To increase security, you should change your passwords frequently. Do not reuse previous passwords.
4. Secure Devices and a Network: Make sure your network connection, computers, mobile devices, and tablets are safe and malware-free. Update your firewall and antivirus programs.
5. Be Wary of Phishing and Emails: Be wary of emails or messages that want your login information or personal details. Do not open attachments from shady senders or click on shady links.
6. Options for Account Recovery: Create account recovery alternatives, such as supplying a backup email address or phone number, to enable account access in the event of a breach.
7. By taking these steps, you can help protect your 50x account and reduce the risk of unauthorized access to your funds.

Fees taken when buying virtual currency

Trading Fees

No matter whether you are a maker or a taker, this exchange charges flat fees of 0.20%. 0.20% of the order value is what you get charged regardless. The global industry average, which is probably around 0.25%, is slightly higher than 0.20%.

Withdrawal Fees

When you withdraw BTC, 50x-com levies a withdrawal fee of 0.0005 BTC. Being 0.00053 BTC, this is significantly less than the industry average BTC withdrawal charge.

Trade On Go 50x Is 100% Mobile Friendly

The 50x trading platform from Trade On Go is incredibly mobile-friendly, making it a standout option for traders who are often on the go. Regardless of the operating system on the device, customers may access and use all of its features with ease thanks to its 100% mobile compatibility.

A game-changer in the fast-paced world of bitcoin and forex trading, where possibilities might materialize at any time, is this degree of accessibility and simplicity. The Trade On Go platform offers a responsive and user-friendly experience, regardless of whether you’re traveling, standing in line, or simply like the freedom of mobile trading.

Traders can easily place trades, track market movements, and manage their portfolios with ease using its user-friendly interface and responsive design, all from the convenience of their hands.

How To Contact 50x Customer Support Team?

If you need help with your 50x account or have any questions, you can contact 50x customer support through the following methods:

Visit Their Website: If accessible, visit the organization’s or service’s official website. On their websites, the majority of businesses offer contact details like phone numbers, email addresses, and occasionally even live chat help.

Search Online : Do a search online for “50x customer support” using a search engine on the internet. To get proper contact information, make sure you are using the right company name.

Social media: Many businesses offer customer service on their official social media sites. Try contacting them on social media by sending a message or posting a remark.

Phone: You can call them directly if you can locate their customer service phone number on their website or through an internet search.

No matter which method you choose, be sure to provide as much detail as possible about your issue or question so that 50x customer support can assist you efficiently.

Features Of 50x Crypto Exchange

Quantum Trade Core Any2Any

Any2Any means that you can trade ANY Trading Pair directly, with full support of the charts, TrailingStops, etc.

Fast Deposits / Withdrawals

We automatically process all requests without delay.

Low Commissions

Many of trading pairs have just 0.01% trading fees. Plus, by using A2A tokens, you can get a 50% discount.

Stoploss, TakeProfit, TrailingStop

Trading terminal designed by professional traders to help in profitable trading and position management.

NO KYC / AML / Selfie

Your ID, source of funds, or any private information are not required, and FIAT services aren’t provided. Hence, your ID copies will never be made available to the public – because we do not have them. The interaction with 50X.com is the same as with the blockchain – the existence of a private key is enough.

EWA Wallets

Someone got your account details and logged in? Having problems accessing your account? Need to override a security withdrawal delay? Emergency Withdrawal Addresses (EWA) are the addresses in each blockchain for all tokens you have on your account. If you activate Emergency Account Termination your tokens will be sent to them automatically. It’s recommended to use your cold wallet addresses.

KYC / AML /

Selfie Most people do not realize that KYC is a huge security hole. If you are able to restore access to your account by providing your ID, passphrase etc., that also means that hackers can do the same. Once they got access to your email account (a protection level is much lower for emails) – they know everything about you and therefore can provide necessary private data to bypass 2FA on your exchange. On 50x.com all account recovery functions are automated and use blockchain-like crypto solutions to identify the owner of the account. Our support team has no access to your funds, and we created a new fully automated token recovery system.

50x Good Or Bad Points

50x is a cryptocurrency exchange that allows users to buy and sell various cryptocurrencies. Here are some potential good and bad points of using 50x :

Good points:

1. Any2Any Trading Core: The exchange has a special feature allowing direct trades between all coins listed, which might be useful for users seeking a variety of trading alternatives.
2. Automated Liquidity Aggregation: The platform aggregates liquidity using A2A technology, which may provide consumers improved trade execution and reduced spreads.
3. Fair Open Market: Users can gain from a fair open market, which encourages openness and lowers the possibility of market manipulation.
4. Trading instruments: The exchange provides both novice and expert traders with a range of trading instruments, including stop losses, trailing stops, token loans, and professional managed accounts.
5. Diverse Coin Listings: Users have access to a wide choice of cryptocurrency pairs and can trade between all listed coins, providing for greater portfolio diversification.

Bad points:

1. Centralized: Because it is a centralized exchange, there is an inherent danger of security lapses and possible money losses from hacking or other flaws.
2. Regulation: Due to the jurisdiction’s apparent leniency in cryptocurrency regulation, Saint Vincent and the Grenadines, where the exchange is registered, may cause regulatory and legal worries for some customers.
3. Limited Anonymity: customers’ privacy and anonymity may be jeopardized by KYC (Know Your Customer) procedures, which are frequently required of customers on centralized exchanges.
4. Counterparty Risk: Trading directly with other users on the platform entails counterparty risk since users must have faith in their trading partners to uphold their end of the bargain.
5. Market Liquidity: The quality of liquidity aggregation may vary, and in times of high volatility, users may experience slippage or difficulty executing large trades.

Is 50x Is Safe Platform To Trade ?

Users of the 50x cryptocurrency exchange platform can buy, sell, and trade a variety of cryptocurrencies. No exchange can guarantee 100% security, but 50x has put in place a number of security precautions to assist safeguard its users’ money.

For instance, cold wallets, which are offline and not web-based, are how most of 50x’s users’ money is kept. Because of this, it is significantly more challenging for hackers to steal money. Two-factor authentication (2FA) is another security measure that 50x employs to add to user accounts’ protection.

It’s crucial to keep in mind that no exchange can completely guarantee security, and trading cryptocurrencies is never completely risk-free. To protect your assets, it’s critical to conduct your homework, comprehend the threats, and implement the necessary security measures.

In conclusion, 50x has improved security in a number of ways, but it is still advisable to exercise caution and due diligence before trading on any platform.

50x Conclusion

With a centralized platform registered in Kingstown, Saint Vincent and the Grenadines, 50x.com distinguishes out as a distinctive operator in the bitcoin trading market. It stands out due to its claim to fame as the first exchange to deploy an Any2Any trading core, enabling direct trades between all listed coins.

Users’ experiences are further improved by the combination of A2A technology and automatic liquidity aggregation, which enables smooth and effective trading. Notably, the availability of trader’s tools like stop losses, trailing stops, token loans, and Professional Managed Accounts assures that customers have the resources needed to efficiently manage their portfolios.

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