Overview & Platform Identity
50x positions itself as a privacy-focused CEX without KYC, launched in October 2018 and operating from Saint Vincent & the Grenadines. Its Any2Any technology allows users to trade any listed token directly for any other in a single order. This includes tools like stop-loss, trailing stop and professional account models.
Historical & Trust Signals
50x has maintained service since its inception in 2018 without publicly known regulatory registration. It emphasizes anonymity - no ID, no AML checks, and no fiat deposit support. The platform supports margin and lending features, as well as API access and cloud white-label services.
Trading Mechanics & UI Features
50x offers an Any2Any trade core that aggregates liquidity across multiple order books, enabling direct crypto-to-crypto swaps in one trade. Advanced trading terminal features include stop-loss, take-profit, trailing stop, position analytics and professional ledger views.
Fees, Tokens & Incentives
50x charges a flat trading fee of 0.20% for both makers and takers - below the approximate industry average of 0.25%. Withdrawal fees vary by asset - for example, about 0.0005 BTC for BTC withdrawals. Token rewards include:
- 50X token: dividend token sharing 80% of platform commissions
- A2A token: used to receive up to 50% discount on fees and power trading utility
- Referral program: yields 25%-40% of commissions from attracted users
Liquidity, Volume & Transparency
50x is listed as an untracked exchange, with no reserve or volume data disclosed. External sources report daily trading volume under 18K USD and roughly 100 liquidity pairs listed across 24 coins - placing it low in market rankings. Liquidity claims rely on internal aggregation with no independently verified data.
Security, Custody & Operational Mechanisms
50x maintains full custody of user assets - users do not control private keys directly. Security tools include Emergency Withdrawal Addresses (EWA), custom withdrawal delays, separate withdrawal OTP and Master Key for fund recovery. No public audit reports or proof-of-reserves exist.
Community Feedback & Reputation Signals
50x receives generally positive reviews on niche sites, with users praising support and interface. However, concerns remain about low liquidity and limited adoption. Independent sources highlight minimal mainstream exposure and questions about long-term reliability.
Strengths - Platform Highlights
- Fully private, no KYC or fiat onboarding required
- Any2Any order routing enables direct crypto-to-crypto swaps
- Flat trading fee of 0.20% and token-based fee discounts
- Dividend-paying 50X token and utility A2A token
- Advanced terminal features: trailing stops, EWA, lending and API/white-label options
Risks & Limitations - Key Issues
- No public reserve or volume audit - labeled untracked by aggregators
- Very low reported daily trading volume and limited market depth
- Centralized custody with only internal methods for fund recovery
- No fiat support or regulation - raising compliance concerns
- Brand adoption appears niche with minimal visibility in the broader crypto ecosystem
Quick Pros & Cons
| Pros | Cons |
|---|---|
| Any2Any direct trading tech enabling any-listed pair swaps | No audit, no public volume or reserve data |
| Flat 0.20% trading fee; token discounts and rewards | Extremely low liquidity and daily volume |
| Privacy-first: no KYC or AML; no fiat deposits | Custody retained by platform; recovery relies on internal tools |
| Advanced trading tools and referral/bounty ecosystem | Limited reputation; niche adoption and questionable trust |
Conclusion
50x delivers a set of tools for experienced crypto traders who prioritize anonymity, token rewards and direct pair swaps. The Any2Any technology and security safeguards like EWA and custom delays set it apart. Yet the lack of external verification, low liquidity, and centralized custody expose users to risks. Only traders comfortable with early-stage, privacy-focused platforms should consider using 50x - and even then, in modest amounts and with caution.