ABCC enables fiat deposits by binding user's bank account to the exchange's account.
The platform charges 0.1% maker/taker fees for Non-API trading; the cost is 0.05% for API trades. More than 20 cryptocurrencies are available for trading.
ABCC Information + Regulation
ABCC Exchange was founded in 2018 by Calvin Cheng and Vincent Yang in Singapore.
Key Points:
- Legally known as Alphabit Consulting Pte Ltd
- 51-100 employees
- Acquired from its predecessor in 2020
- Not regulated by any authorities
- More than 11K monthly visitors for the website (at the time of writing)
ABCC Specifics and Features Summary
As with the reviews of the other crypto exchanges, in this section, we will have an overview of ABCC's details:
Exchange | ABCC |
Launch Date | 2018 |
Levels | N/A |
Trading Fees | 0.1% fee for non-API trading 0.05% commission for API trading |
Restricted Countries | United States, North Korea, Iran, Iraq, Afghanistan, Yemen, Cuba |
Supported Coins | +20 |
Futures Trading | No |
Minimum Deposit | $1 |
Deposit Methods | Crypto Wallets, Bank Transfers |
Withdrawal Methods | Crypto Wallets, Bank Transfers |
Maximum Leverage | 1x |
Minimum Trade Amount | From Zero |
Security Factors | Anti-Phishing, 2-Factor Authentication, SSL Encryption |
Services | Direct Fiat Deposits and Withdrawals |
Customer Support Ways | Email, Ticket |
Customer Support Hours | N/A |
Fiat Deposit | Yes |
Affiliate Program | Yes |
Orders Execution | N/A |
Native Token | AT |
Pros and Cons
ABCC Exchange, like any platform, comes with its own set of strengths and weaknesses. Let's break down the advantages and disadvantages:
Pros | Cons |
Fiat Deposits | Limited Range of Tradable Assets |
No KYC Required for Basic Trading | Absence of Futures Trading Options |
User-Friendly Website and Trading Platform | - |
Are There Any User Level Systems?
Most crypto exchanges design a tiered discount system for trading fees. Also, sometimes users are in different levels based on their verification. ABCC does not offer any kind of these systems.
Trading Fees and Other Commissions
ABCC, despite many other exchanges, does not employ a tier system for trading fee discounts; instead, it has set fixed commissions:
- 1% fee for non-API trading
- 05% commission for API trading
Furthermore, the platform charges a fee for crypto withdrawals, depending on the used blockchain. Finally, no fees are charged for any deposits.
You can use a crypto profit calculator tool to have a better prediction of your trades' outcome by considering costs and commissions.
What Coins and Tokens are Available for Trading?
ABCC exchange offers a very limited range of tradable cryptocurrencies, consisting of 20-30 coins/tokens in USDT, USDC, ETH, and BTC pairs. Here is a shortlist of them:
- Bitcoin [BTC]
- 1inch [1INCH]
- Polkadot [DOT]
- PancakeSwap [CAKE]
- Axie Infinity [AXS]
- Chainlink [LINK]
- Chiliz [CHZ]
- Maker [MKR]
Note that the list of available assets may change over time.
Signing Up and Verification Guide
Usually, crypto exchanges design a very simple and quick process for account registration; the discussed platform is no exception.
Go through these steps:
- Visit the exchange website and click "Register" at the top;
- Provide your email address;
- Create a strong password for securing your account;
- Confirm the statement below the registration form;
- Click the register button, then check your inbox;
- Enter the authentication code on the website.
Now, your account is created and ready in ABCC. For verification, you need to submit photos of a document (passport or ID card), record a video, and complete an information form.
ABCC Platform: Does The Exchange Have Any Appications?
This company, similar to other exchanges, offers its trading services via a proprietary platform on its website. This terminal provides essential analytics tools and features, but, despite most of its competitors, does not have any mobile applications. Access the ABCC platform on the web via the link.
ABCC Exchange Safety and Security Review
The platform does not provide much information about its security measurements, but based on our findings, these measures have been taken:
- Anti-Phishing Protection
- Two-Factor authentication (2FA)
- SSL encryption
The SSL certificate of the website at the time of writing this article was issued on February 14, 2024, and is valid until March 15, 2025.
Deposit and Withdrawal Options
ABCC Exchange enables deposits and withdrawals in 2 main forms:
- Fiat currencies
- Cryptocurrency transactions
The Crypto option is the main payment method, found in most digital asset exchanges.
For fiat deposits and withdrawals, users need to bind their bank accounts to the account on ABCC. It enables them to transfer their money into the platform.
Copy Trading, Staking, and Other Investment Options in ABCC
Based on the available information, the exchange does not currently offer social trading or other specific passive income options.
Therefore, if you want to earn profits besides trading, you should consider other options.
Writer’s Opinion And Conclusion
ABCC, with a native token known as [AT], provides support services via 2 channels [ticket, email]. The company has received a 40/100 Trustscore from "ScamAdivser" for its website.
The SSL encryption certificate was last issued on February 14, 2024, and expires on March 15, 2025.