Withdrawing funds from 50x.com

First crypto exchange “with a quantum nucleus” 50x.com (go online) provides only one opportunity to withdraw earned money: in the form of Cryptocurrencies to the address specified by the user. You can withdraw funds directly from the “Wallets” subsection or from the same subsection in the trading terminal.

In the trading terminal, “Purses” are placed on the right side of the order statistics. The subsection is a table in which each row represents a cryptocurrency traded on the exchange. On the right side of the line with an arrow pointing upwards, the function of money transfer is displayed.

You can withdraw any coin except A2A tokens. These are 50x.com bonus tokens, which the user receives on the account when registering, confirming and installing all required account security features. They are needed to pay commission, withdrawal function is not activated for them. By clicking on the withdrawal icon, the user activates the wallet, which is designed for transactions in only one, selected by the client, cryptocurrency. In the upper left corner there is “Information about the token”.

Top 5 best cryptocurrency exchanges

It gives a general idea about the cryptocurrency, as well as information that is useful to know for the transaction: the number of confirmations required to complete the transaction, the amount of commission, the number of decimal places in the cryptocurrency amount (this is important if you withdraw a coin that has a large value), how many of these coins are in the account in general and how many are available for the transaction, and so on. Directly on the “Withdrawal” page in the wallet on the left side, the user’s account status, amount and terms of commission with comments are indicated.

You should read the comment carefully, because under the account status the commission charged by the blockchain of the selected coin as of “now”, and in the comment the exchange offers a choice: to transfer funds within the 50x.com exchange with a fixed commission or to a third-party service, then the commission will depend on the blockchain load of the withdrawn cryptocurrency, that is, it may be more than the specified. In the right side of the wallet, if you are transferring money for the first time, you will need to specify the address to which the crypto is being withdrawn. Subsequently, the address can be taken from the address book. You can also go to the address book by pressing the button at the top of the wallet.

After entering the address, the user specifies how much is planned to withdraw, the slider under this function shows what fraction of cryptocurrencies available for transfer will be available. Under this option indicates how much the user will get to the specified service, taking into account the commission. Before sending the money, you need to check again the data, address, the number of coins and if everything is correct, click on the button to confirm the information. After that, the only thing left is to click on the “Send…” button. Like all other operations on the exchange, the transfer of coins will also need to be confirmed by a 2FA-authentication code.

Remember that according to the rules of the exchange, it is not responsible if the user has sent the money to the wrong address, can not cancel the withdrawal and is generally unlikely to be able to help. Nevertheless, if the money has left the account, but the transaction status is not updated for a long time, it is necessary to contact the exchange support. Data on the transaction is entered into the “Outgoing transactions” list at the bottom of the wallet. You can see the status, time, amount, and destination address of the withdrawn coins.

In the “Wallet” section, which the user enters through the “Account” icon in the upper right part of the site, the transfer service looks a little different than in the trading terminal. On the left is a table of cryptocurrencies, with the ability to select a coin in the search bar. If you click on the withdrawal icon in the cryptocurrency line on the right, the service is activated to the left of the table. The procedure is exactly the same as when transferring money through the wallet in the trading terminal.

Transaction times can range from a few minutes, but depend on the blockchain workload. In any case, the platform, according to its own rules, is not responsible for the time of crediting crypto to third-party wallets. Many reviews of 50x.com exchange say that there is no limit on the amount of withdrawal. But in fact, according to the rules of this platform, restrictions may be imposed on funds withdrawn daily or with other frequency to third-party services. Also, the exchange can block transactions, and at its own discretion, without specifying in what cases, which, of course, does not add credibility to this platform.

Emergency output

The 50x.com exchange has an emergency transfer function. It is activated by clicking on the “EWA” button in the leftmost corner of the wallet. The urgent funds transfer address must be generated in advance. The user will receive his money on it, if he needs to close his account urgently. Note, however, that withdrawal of funds by smart contracts is not possible. Urgent user account deletion is activated on the “Account” page. For urgent transfer of cryptocurrencies to a third-party address, you will need to apply a master key, which is created during account registration.