50x is a centralized exchange launched in 2018, with registration in Kingstown and St. Vincent, a group of islands in the Caribbean. The crypto exchange positions itself as the first exchange with the Any2Any trading core, supporting direct transactions between all listed coins.
The exchange positions itself as an anonymous resource, with exceptional security features and automatic refunds. System 50x.com uses the internal blockchain to maintain the integrity of the system. Users are given the option of using a professional master account to collect and manage other people's money with proven effectiveness, or crypto traders to manage their funds based on profit sharing.
The exchange also allows users to earn passive income from their tokens, allowing other traders to manage their funds for a fixed daily fee.
One of the main goals of 50X is to create a place where a crypto trader can directly buy any cryptocurrency listed for any other one on the list. This technology is called A2A (Any to Any).
On 50X.com There are only 17 coins on display. This means that there are 81 pairs to trade. The developers promised to add about 100 coins, which in total will give traders 10,000 pairs.
50X is also a crypto-liquidity aggregator. It connects to other exchanges and collects orders from there. This potentially allows the trader to get the best prices in the market. It also allows large players to execute large orders without dumping and pumping the market.
The interface is designed as a SPA (single-page application), which means that you can access all the necessary information in one window.
The trader can place market and limit orders, stop losses, and other types of orders. Also, he will be able to set a stop loss along with a take profit. These are very necessary types of orders.
The order book is informative. You can see not only the total volume for each price level, but also the aggregated volume for the current level, plus the previous levels. This is a great feature if you are planning to make a big deal.
The automatic order filling function is also available when you click on the price or volume in the market depth table, which allows you to open limit orders much faster.
50X uses the TradingView library for charting, which means you can access a large number of technical analysis tools.
The platform allows you to connect via the API and launch trading robots. You can get a new API key on your account settings page
Given that 50X is a liquidity aggregator, running robots on the platform would be a very good idea.
At the moment, the platform does not accept FIAT deposits, only cryptocurrency. The developers plan to add deposit options in US dollars and euros in the future.
50x commission fee
The crypto exchange charges a fixed trading fee - 0.20%, both from the buyer and the maker.
It charges 0.001 BTC for the withdrawal of funds.
The developers noted that the security of funds is their No1 priority. All transactions inside are processed by a separate block chain. Most of the funds are stored in cold wallets. Traders are advised to use 2FA to enable the deposit option.
- To own your crypto assets, you need to manage your own private keys.
- Ledger hardware wallets make private key management easy and secure.
- Each unique 24-word recovery phrase creates a new set of private keys.
- Make sure you secure your 24-word recovery phrase properly.