September 30, 2020

ABCC cryptocurrency exchange - instructions, pros and cons, mining

ABCC cryptocurrency exchange - instructions, pros and cons, mining

In just a couple of months of work, promisingthe cryptocurrency exchange from Singapore ABCC (https://abcc.com) entered the TOP of cryptocurrency trading platforms, overtaking many much more eminent exchanges, for example KuCoin.

Currently ABCC supports over 100 trading pairs. For several months of operation, the platform reached a turnover of $ 30 million per day and continues to grow its audience.

An important feature is that the siteABCC rewards its own tokens for active trading. Read how to use the promising platform and where to use its tokens in our review.

History and structure of the cryptocurrency exchange ABCC.com

Playground abcc.com is a fairly young resource that began active work in April 2018. The main founder of the resource is Calvin Cheng, an experienced entrepreneur and former member of the Singapore State Parliament.

ABCC cryptocurrency exchange - instructions, pros and cons, mining

The administration of the ABCC resource pays seriousattention to security, which is ensured by constant resource audits, inside the service framework (distributed software architecture of services) and, of course, standard two-factor user authorization.

Today, this cryptocurrency exchange offers its users more than 100 trading pairs, and the daily trading turnover, according to site statistics, exceeds the mark of $ 30 million.

It is important to note that project advisers areexperts such as Zheng Lei (general manager of blockchain companies Yee and Yee Call), crypto investor Chen Weixing (a member of the Forbes list) and the famous serial entrepreneur Forest Chen.

The ABCC exchange is supported by institutional investors - Funcity Capital, DreamSeekerCapital, and BlockOrigin Capital itself. OCN is a Shi Yi project that is the founder of BlockOrigin.

ABCC Key Features and Data

  • Exchange official website: https://abcc.com
  • Start: April 2018
  • Category: cryptocurrency exchange
  • Languages: English, Chinese, Korean, Russian
  • Administration: Kelvin Cheng
  • Verification: yes, but not required; without passingverification limit for withdrawals is 2 BTC (or equivalent) per day, verified users can withdraw up to 200 BTC (or equivalent) per day
  • Security: two-factor authentication; you will be asked to choose between SMS, mail or Google authentication
  • API: use ban applies
  • Website: the simple, intriguing interface for beginners, the page on which the trade is conducted is not satisfactory, but there are flaws
  • Support: in the "Help" section contains the most frequently asked questions, if you could not find the answer here, then you can contact the technical support service with requests through the appropriate tab
  • Currencies: more than 100 currency pairs, base currencies BTC, ETH, USDT
  • Payments: ABCC exchange does not support fiat money, to replenish / withdraw you must use any of the available cryptocurrencies
  • Commissions: there are no fees for depositing coins on the exchange; commission for trading operations is 0.1% and is refunded in AT tokens
  • affiliate program: invited mining awards are providedparticipants. Traders receive 10% of the rewards earned by personally invited partners using ToM (Trade-to-Mine), and 5% of the rewards earned by second-level referrals. The invited users themselves receive 10% more tokens during mining.
  • Mobile service: for the convenience of users developed applications for iOS and Android

Pluses of the site

  • Deposit replenishment without commissions.
  • Low withdrawal fees that are refunded in ABCC currency.
  • The site is translated into 4 languages, including Russian, which greatly simplifies the work.
  • The regular addition of new cryptocurrencies.
  • High capitalization, despite the youth of the exchange.
  • The presence of chat in Telegram.
  • Mobile apps for iOS and Android users.
  • The exchange is constantly developing and improving its functionality, which is displayed in the "News" tab on its main page.

Cons of the site

  • Not all sections of the site are translated into Russian.
  • A relatively small selection of altcoins.
  • The exchange is young, the reputation of a reliable site has not yet been formed.
  • Not very convenient trading terminal: few indicators, statistical information, so you have to use third-party services for analysis.

Trade-to-Mine ABCC Token Mining

The exchange created its AT token for domestic trading: buying assets, paying for transactions and accessing paid instruments. It can be obtained according to the Trade-to-Mine or ToM algorithm.

At the same time, there is no need to buy computing power. You get coins by trading and the more often you trade on the exchange, the greater your reward.

ABCC cryptocurrency exchange - instructions, pros and cons, mining

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Registration on the ABCC exchange

To get started with this cryptocurrency exchangeYou will need to go through the registration process. It is extremely simple and straightforward. Go to the profile creation page on the exchange. First - select the appropriate language, second - click on registration:

ABCC cryptocurrency exchange - instructions, pros and cons, mining

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Next, you need to enter your work email, come up with a good password, agree to the registration conditions and create your account.

ABCC cryptocurrency exchange - instructions, pros and cons, mining

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Moreover it is most profitable to register through the affiliate link, since in this case you will receive 10% more estimated capacity during trading operations.

After that, do not forget to go into your profile settings and enable additional protection - confirmations are available through the Google system, your phone number, email and even Telegram.

It is important to note that it is not required to go through the verification procedure and send your personal data and documents. Immediately after registration, you can start trading on the exchange. You can withdraw up to 2 bitcoins per day.

To go through the verification procedure, in the tabyour account should choose the option of the same name, country and follow the instructions. After going through this procedure, you can withdraw from the exchange whole 200 bitcoins per day.

Personal Area

So, after registration, in the upper right of the screen you will see the following sections: “My Capital”, “Orders”, “Account”. Let's look at each of them in detail.

"My capital"

ABCC cryptocurrency exchange - instructions, pros and cons, mining

This section contains:

  • “Balance” - account data;
  • “Mining Awards” - information on the received rewards;
  • “Deposits” - a tab to replenish the balance;
  • "Withdrawal" - tab for withdrawing funds;
  • "History" - detailed statistical information about the trader.

"Orders"

ABCC cryptocurrency exchange - instructions, pros and cons, mining

Here are located:

  • “Open order”;
  • "History of orders";
  • "Trading History".

No need to decrypt these tabs. We think everything is clear here.

"Account"

ABCC cryptocurrency exchange - instructions, pros and cons, mining

Account sections:

  • “Account” - change settings, enable notifications, account verification;
  • “Invite friends” - your affiliate link, information about referrals;
  • “Verification” - account verification;
  • "Sign Out".

How to fund your account and start trading on the ABCC exchange?

After registering on the exchange in your profile, select the “Exchange», Where you will find currency pairs with Bitcoin, Ethereum, and also USDT.

It is quite simple to replenish the exchange account:

ABCC cryptocurrency exchange - instructions, pros and cons, mining

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The exchange is distinguished by a standard trading terminal with a minimum of necessary settings (exchange glass, timeframes, Japanese candles, trading volume, etc.

ABCC cryptocurrency exchange - instructions, pros and cons, mining

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You can buy assets at the market price or set your limit (limit orders). After creating the order, you can track all your orders in "Order history".

If you don’t understand anything about the functionality of the exchange, then you can use the “Help". There, all the most private questions and mistakes of the exchange participants are considered, answers with explanations and illustrations are given. If you do not find the topic you need, then there is the opportunity to write in support of the site.

Account verification - withdrawal up to 200 BTC per day!

After registration you will be asked to confirmaccount to increase the withdrawal limit. Without verification, the user will be able to display only 2 BTC per day. Documents for verification can be sent in the “Account” tab or in the “Verification” section.

To verify your identity, you will need things standard in these cases: a passport or other document indicating the place of residence, as well as a user's selfie with the document in hand.

ABCC cryptocurrency exchange - instructions, pros and cons, mining

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ABCC cryptocurrency exchange - instructions, pros and cons, mining

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Editorial Opinion

Our opinion about the cryptocurrency exchange ABCC isnote that due to the creation of its own token, a new approach to mining, low fees, simple verification, high reliability, as well as the mass of other advantages of the ABCC cryptocurrency exchange, we can safely recommend it as a trading platform.

ABCC cryptocurrency exchange - instructions, pros and cons, mining

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Also, do not forget about the AT-tokens themselves, whichmay interest not only traders, but also long-term investors. While the exchange does not have such advanced features as API keys, stop orders and working with fiat, the site team is constantly working to improve the platform, which promises it even greater success in the future.

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