Exchanges are the necessity and an integral part of the cryptocurrency world. Today, with over hundreds of crypto exchanges present in the crypto space, the competition is only rising. But not all of these exchanges are the same. In fact, they differ and offer a variety of unique features. So, what exactly ABCC crypto exchange has additional to offer you? To know all about this relatively new exchange in the crypto street, dive right in ABCC Exchange review!
ABCC – “Secure and transparent exchange platform”
“ABCC Digital Asset Exchange (ABCC) is a world-class exchange offering digital asset investment and trading solutions for users globally.”
By targeting the pain points such as lack of prudent digital asset evaluation frameworks, shortage of variety for digital assets, and security Issues, ABCC is focusing on providing a quality and secure trading platform for cryptocurrencies.
The business model followed by the exchange is a mix of the proprietary multi-dimensional evaluation framework, digital asset innovation, and early-stage blockchain project investment and incubation.
Native token: AT token
The native token of ABCC exchange is ABCC Token (AT Token) with a total supply of 210 million. The opening price of AT token has been $0.5 which within hours of launch surged.
ABCC has a simple, to-the-point and easy to maneuver website with all the details provided for its users which is also available on Android and iOS. Their App on the Google store received a lot of appreciation as over a thousand comments have been made by the users.
In order to register and verify the account, the user simply needs to click on the Register button on its website, provide their email id and agree to the Customer Agreement.
The exchange also follows KYC that requires a valid passport, a picture of passport cover and ID page, national ID or driving license work, a picture of the user holding passport and paper with handwritten ABCC, date, and signature.
As for KYC completion, it is done at the earliest, though one can follow up with the admin of their Telegram group. However, one can withdraw up to 2 BTC without KYC and can also trade to mine.
ABCC specifically mentions that the KYC users of the US, China, and Singapore are not allowed in AT tradings due to the reason that they are restricted as per the policy.
Features and fee structure
ABCC exchange provides and is planning to offer in future a number of features to its customers in the form of:
Crypto trading – There is a significant number of cryptocurrencies listed on the platform that allows you to trade at your convenience
Margin trading – With Margin trading, ABCC offer you the leverage to achieve a more efficient and flexible asset allocation
Contract trading – Futures, options, investment portfolios and other asset-backed securities based on cryptocurrencies are also part of this exchange’s service plan
Over-the-counter (OTC) services – It provides block trading services over the counter while having trading partners including ultra high net worth individuals, family offices, mining businesses, hedge funds and other traditional financial institutions.
Earn & double the rewards:
In order to earn AT, one can mine the token via trading activities with any pair. Apparently, during the trading activities, users will generate 0.1% of the transaction fee. Then every six hours, miners get propositional AT that is based on their trading fees out of the total fees collected by ABCC. Another way to earn and double the rewards is through Mining Referral Program.
ABCC charges 0.1% of trading fees for each transaction that involves one side. Moreover, BTC, ETH, and USDT are the base currency while AT will be included in the future. This trading fee which is 0.1% of trading volume is charged in base currency only.
As per the Coinmarketcap data, ABCC has close to 45 cryptocurrencies listed on its platform and over a hundred markets. Also, its daily trading volume is more than $100 million.
In a short span of time, ABCC has created a presence in the market. So, to ensure reliability, it uses Shard-able Trading Server Cluster that allows the exchange to handle and process a massive amount of info and data.
Through multi-layer data architecture, it’s “proprietary clearing system has made near real-time clearing a reality.” Also, the platform also handles matchings for millions of users simultaneously.
Moreover, to safeguard users’ interest and to ensure stable and smooth operation of the platform, ABCC as implemented anti-wash trading and anti-spoofing measurements.
For ABCC, security is a “paramount concern”, hence it’s security architecture includes two-factor authentication, multi-signature security, and separation of hot wallets and cold wallets.
With big data and collaborating with industry-leading cybersecurity companies capital safety, account security, withdrawal services, and security audit are ensured and maintained.
ABCC provides all the information clearly and precisely to its users through its website and apps. From data about mining, rewards, necessary announcements, cryptocurrency prices to new listings and trading recommendations, it is servicing its customers very well.
The exchange is catering to a wide and diversified audience by offering five language options. Its news section provides a detailed info about upcoming events, important announcements, rewards distribution, and enhancement voucher issuance among others.
A note to investors
Launched in April 2018, the exchange has been progressively moving forward by catering its customers with quality features like multiple trading options, reward programs and much more. With the focus on safety, an integral element of an exchange along with customer experience and support, the platform ticks off a growing list of features. Furthermore, ABCC’s native token AT token is also growing at a good pace.