ABCC

ABCC is a very young exchange, but according to coingecko.com statistics, it is already in the TOP30 in terms of trading volume. Registered trading platform in Singapore.

The crypto exchange appeared in 2018, notable for the fact that the number of advisors included such people as Zhang Lei (CEO of Yee, YeeCall), Cheng Weixing. Dream Seeker Capital, Funcity, BlockOrigin acted as early investors.

The exchange has its own token (AT), which is used to attract new customers and encourage already registered traders to make more trades. The number of pairs for trading is in the tens, new crypts are being added.

The site is only translated into Chinese and English. There is nothing superfluous in the design, you can figure it out even with minimal knowledge of English. In the plans of the developers, translation into Russian does not appear.

Crypto exchange features

We list the trading conditions of the crypto exchange:

• more than 50 crypto pairs are supported. There are no crosses, altcoin pairs with Bitcoin, Ethereum and Tether cryptocurrency are available;
• the trading commission is 0.1%, while the issuance of your own tokens of the trading platform is ongoing, you can receive its compensation and trade without actually paying for anything. Only the commission will remain when withdrawing funds;
• fiat currency is not supported;
• there is no mandatory requirement for client verification, if the limit of 2 BTC per day for withdrawal suits, then you can work without verification;
• has its own ABCC token, following the example of other crypto-exchanges, the developers released it to quickly gain capitalization and increase trading volume.

In terms of trading conditions, ABCC is comparable to the top trading platforms. And due to the opportunity to get rid of the trading commission (to receive a rebate in ABCC token), the crypto exchange looks very attractive.

Native ABCC Token

The total issue is 210 million, the developers decided to copy the Bitcoin scheme for the distribution of coins. That is, every 120 days the difficulty of “mining” increases, and the reward per block decreases. Due to this, the value of coins will increase over time.

The extraction of tokens is carried out within the framework of the so-called Trade to Mine (ToM). Traders receive tokens as compensation for trading fees, which encourages them to trade more actively. Considering the mining scheme and the decrease in the reward, “mining” will not end soon - it will take more than 700 days.

Another 21 million ABCC Tokens will be distributed as part of the Airdrop. The remaining half will remain the property of the owners of the exchange, will be distributed among early investors and advisors, members of the development team.

The referral program is also tied to PoT. By attracting new clients, you can get up to 20% of their commission. Users who register using the referral link receive a 10% bonus for "mining".

Owning ABCC tokens is also beneficial because the size of the Airdrop depends on their number. The exchange distributes 80% of the daily commission fees among platform users. Your reward depends on how much ABCC is in the wallet.

Trading on ABCC

The trading terminal here is not the best, the elements are standard:

• the left side is the order book;
• right - choice of cryptocurrency pairs, trading history;
• in the center is a trading terminal. There are few indicators here, graphical analysis is also complicated, it is inconvenient to look for moments to make deals. It is best to use the chart from TradingView, find entry points on it, and conclude deals already on ABCC;
• under the chart there are windows for setting the parameters of the transaction. You can work both at the market price and pending orders

Deposit and withdrawal of funds

These operations are supported in any cryptocurrency from among those presented on the exchange. To replenish your account, you need to go to the My Funds - Deposits section and select one of the cryptocurrencies from the list that opens.

The next window displays the address of your wallet (in our case, it is a Bitcoin wallet). Copy it and paste it into the appropriate field when making a transfer from your cold or hot wallet.

The withdrawal of funds is done according to the same scheme as the replenishment, but in the Funds section, select Withdrawals. In the withdrawal address field, you need to insert the address of your main wallet and set the amount of funds to be withdrawn. If you make a mistake in at least one letter of the wallet address, you will lose money.

Withdrawal restrictions are as follows:

• unverified users - 2 BTC per day;
• verified - 200 BTC per day;
• if you need to increase the limit, you will have to contact technical support and justify your request through it.

withdrawal fee depends on the cryptocurrency. In the summary of the following opinion in full, in the left column the minimum amount of the opinion with consideration of the commission is presented.