ABCC cryptocurrency exchange is a unique platform with token mining for trading

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

At the moment, ABCC already supports more than 100 trading pairs. In just a few 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 ABCS platform rewards active trading with its own tokens. Read our review about how to use this promising platform and where to use its tokens.

Main characteristics

Official site	https://abcc.com/ru
Social media
Location	Singapore
Founder	Calvin Cheng
Year of foundation	2018
Deposit/withdrawal method	Cryptocurrency, fiat
Available cryptocurrencies and tokens	BTC, ETH, AT, USDT (over 100 in total)
Number of trading pairs	About 160
Own token	AT
Commissions	0.1%
Languages
Verification	Optional
Mobile app	Android, iOS

What does the company/project do?

ABCC is a very young exchange, but if you believe the statistics from coingecko.com, it is already in the TOP30 in terms of trading turnover.
A trading platform is registered in Singapore. The crypto exchange appeared in 2022, notable for the fact that the number of advisors included people such 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 clients and encourage already registered traders to perform more trading operations. The number of pairs for trading amounts to dozens, and new cryptocurrencies are being added.

The site is translated only into Chinese and English. There is nothing superfluous in the design; you can figure it out even with minimal knowledge of English. The developers' plans do not include translation into Russian.

ABCC Exchange Registration Process

1. On the ABCC home page, in the upper right corner, click Register or simply follow the link: https://abcc.com/ru/signup.

2. In the new form, enter your email and create a password.
3. After you click the “Register” button under the completed form, a captcha will appear where you will need to drag the puzzle to the desired location using the slider.

4. Now they will send you an email - you need to copy the activation code from the email into the field on the account page, and registration will be completed.

After registration, you will be asked to secure your account by enabling SMS alerts or two-factor authentication (2fa). In the latter case, you will have to install the Google Authenticator app on your smartphone or tablet.

However, you can ignore the offer to enable additional protection.

Account verification

Verification, or KYC, on ABCC is not mandatory; without it, the daily withdrawal limit for traders is $10,000. Verification will be required for those who want to purchase cryptocurrency on the exchange using a credit card through the associated service Simplex.

To start verification:

1. Click on your profile and select KYC from the drop-down menu.

2. On the new page, enter your country.
3. Now enter your name, passport number and upload a copy of your passport.
4. Click Verify - verification usually takes no more than a day.

Replenishment and withdrawal of funds

Deposits and withdrawals to ABCC are carried out in cryptocurrency.

Input:

1. Next to your profile icon, select My Funds - Deposits.

2. Select the desired cryptocurrency from the list.
3. The system will generate an address. You will need to transfer funds to this address from your wallet (not an exchange wallet). After some time, your ABCC account will be replenished.
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Conclusion:

1. Next to your profile icon, select My Funds - Withdraw.

2. Select the desired cryptocurrency from the list.
3. Enter the amount and address of the wallet to which you want to withdraw the cryptocurrency.

4. An email will be sent to you, open it and click the button to confirm the operation.

Deposit and withdrawal fees

ABCC does not charge entry fees. Each currency has its own withdrawal fees:

Cryptocurrency	Withdrawal fee
Bitcoin	0.0005 BTC
Ethereum	0.01 ETH
Ripple	0.25 XRP
Litecoin	0.001 LTC
Bitcoin Cash ABC	0.001BCHABC
Bitcoin SV	0.01 BCHSV
EOS	0.1 EOS
Tether	5.0 USDT
Stellar	0.01 XLM
TRON	1.0 TRX

Features of the crypto exchange

Let's list the trading conditions of the crypto exchange:

• More than 50 crypto pairs are supported. There are no crosses, pairs of altcoins with Bitcoin, Ethereum and Tether cryptocurrency are available;
• the trading commission is 0.1%, while the trading platform’s own tokens are being issued, you can receive its compensation and trade without essentially 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 you, 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 turnover.

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

List of tradable tokens

Popular cryptocurrencies and trading pairs with the highest turnover on the exchange:

Cryptocurrency	Trading pair
Ethereum	ETH/BTC ETH/USDT
Bitcoin	BTC/USDT
XRP	XRP/ETH XRP/USDT XRP/BTC
Ethereum Classic	ETC/BTC ETC/ETH ETC/USDT
Stellar	XLM/BTC
Bitcoin SV	BCHSV/BTC BCHSV/USDT
EOS	EOS/USDT
Bitcoin Cash	BCHABC/USDT BCHABC/BTC
0x	ZRX/BTC
ABCC Token	AT/USDT AT/BTC
Dash	DASH/USDT

AT Token

AT token is the native token of the ABCC exchange. The total coin limit is 210 million, 50% of new tokens are issued through trade mining (Trade-to-Mine).

Trade-to-Mine is a model in which coins are returned to the trader as an exchange fee during transactions. To put it simply: the more transactions you make, the more income you receive.

Transaction mining works in a similar way on the BitForex and BitMax exchanges.

AT holders can use their tokens to pay trading fees, gain access to premium products, purchase other cryptocurrencies, but most importantly, they can earn rewards simply by holding them for a long time.

Holders of a token who hold it for more than 7 days can profit from commissions received by the exchange - ABCC divides 80% of the collected funds among AT holders according to their share.

Referral program

The exchange allows users to earn additional AT tokens. For this purpose, the site operates a referral program. For each invited referral, the trader receives a one-time payment of 10 AT. An additional 10 tokens are issued for the fifth invited user, and for every tenth - an additional 30. A participant who brings fifty referrals to the site will receive 250 AT.

At the same time, the referral program provides bonuses for mining by invited users. Traders receive 20% of the rewards earned by referrals through ToM and 10% of the rewards earned by referrals of referrals. Invited users themselves receive 10% more tokens when mining.

How to trade on the stock exchange

Before starting trading, it is worth noting that ABCC allows trading bots and this has led to a huge increase in trading volumes. The exchange team itself is also suspected of using bots.

To start trading on ABCC, go to the Exchange - Market section, where the Pro and Base options will become available to you.

Interface, menu, features

Base market trading window:

1. Exchange announcements.
2. Information on the selected trading pair.
3. Trading glass - here you can view orders (orders) available on the exchange for the purchase/sale of cryptocurrencies.
4. Price movement chart.
5. Order form.
6. Trading pairs - here you can select the trading pair you are interested in.
7. Your trading history and the trading history of the exchange.
8. Your open orders.
9. Order history.

Exchange in Pro mode:

1. Selected trading pair.
2. Information about the cryptocurrency being traded.
3. Order window.
4. Estimated value of the coin.
5. List of applications for the current pair.
6. Market price chart.
7. Latest orders.
8. Open orders and transaction history.
9. Switch the theme mode (dark/light).

Placing orders

ABCC supports limit orders and market orders.

With market orders, you automatically buy or sell cryptocurrency at the average exchange price. Such orders are fulfilled instantly.

For limit orders, you yourself specify the desired price for the cryptocurrency. The system may take time to process such a request.

To create an order for ABCC:

1. Select the type: market or limit (consider limit).
2. Enter the desired value of the coins.
3. If you want to buy a specific cryptocurrency, for example, BTC, then in the Buy BTC form, indicate the number (Amount) of coins that you want to purchase; sell - in the form Sell.
4. Click the Buy or Sell button accordingly.

Reliability

In a short period of time, the ABCC exchange, reviews of which can be found on the Internet, was able to reliably gain a foothold in the market.

To ensure reliability, it uses a cluster of trading servers with sharding capabilities (Shard-able Trading Server Cluster), which allows it to process a huge amount of data.

Thanks to its multi-layered data architecture, this proprietary clearing system can settle trades in near real time.

Read also: The best exchanges for margin trading of Bitcoin and other cryptocurrencies

In addition, the platform processes transactions for millions of users simultaneously.

To maintain user interest and ensure stable and uninterrupted operation of the platform, ABCC has implemented anti-money laundering and anti-spoofing measures.