ABCC Exchange ReviewCentralized
ABCC Exchange Rating Analysis
ABCC, a lesser known exchange, was founded in mid-2018 and has managed to slowly but surely build a successful exchange.
The exchange has proven itself a worthy competitor for many established players, offering users a suite of attractive features on a convenient and accessible platform, alongside a recent update to their own token token – AT – which introduced a revenue distribution program, similar to Kucoin’s KCS.
Sign-up to ABCC is super quick and easy and no KYC is required to start trading – for many users, this is a big bonus – for others, a regulatory risk.
ABCC sports one of the best exchange websites in the industry, and its exchange platform is easy to navigate and use. They also offer “ABCC Cloud”, an exchange startup service, which provides an off-the-shelf exchange platform, trade matching engine and all operations required to run an exchange business. We would not be surprised to hear if many of the generic exchanges – Bibox, DragonEx, ZB and co – launched using this exact service.
ABCC’s performance numbers are strong, with significant volume which does not appear to be faked and many available assets to trade – with most having justification being listed on the platform by generating volume, as opposed to exchange which simply charge poor projects with overpriced listing fees, just for their trading pairs to eventually die out of lack of volume.
Features on ABCC are also numerous – although there is no margin trading available, the exchange has a mobile app and an attractive revenue distribution program for holders of its AT token.
Its social presence is also impressive, with an organized Telegram channel in which quality discussions take place, and periodical competitions and promotions for the users to participate in – being announced on Twitter and Reddit.
Where ABCC has room for improvement its the situation with its Team: as of now, the exchange refrains from displaying any details about their team publicly on their site, and after digging we managed to locate employees of the exchange on LinkedIn. While they appear to be capable and accomplished businesspeople, the only mention from ABCC of its team is on its “About” page, mentioning CEO Calvin Cheng – which is an accomplished and experienced Blockchain & Bitcoin entrepreneur.
This Team situation reminds us very much of the situation over at Binance, where there is a single frontman and all other members are deliberately staying in the shadows – but, eventually, the exchange is run by more than one person and its users deserve to know who are the people taking care of their funds.
Similarly, ABCC has managed to instill some trust in us by cooperating with authorities in Singapore and applying for licenses in Gibraltar and Malta, though this might mean the current KYC-free situation (at least for the first tier) might not last too long. Additionally, some security features like manually approving new IP addresses, whitelisting withdrawal addresses or a “cooldown” period after password change or login were not present, and this leads us to be a bit more wary of the exchange’s ability to safeguard user funds.
To date, ABCC was not hacked.
To conclude, ABCC is a quiet yet capable exchange, with significant volumes and a wide range of coins to trade in – although there might be better options out there when it comes to our confidence in its ability to safeguard user assets.
ABCC Exchange Review, Trading Fees, Deposit and Markets
24h Trading Volume
ABCC Total Trading Pairs
ABCC Margin Trading
ABCC Deposit fees
ABCC Fiat Deposit
Accepted Payment Method
Crypto to Crypto Only
ABCC Native token
Native token smart contract
ABCC Trading Markets
ABCC Stablecoins trading
Daily Withdrawal Limit
Unverified- 10,000 USDT a day. Verified- 1,000,000 USDT a day.
ABCC Withdraw fees
ABCC Withdraw fees discount
Proof of Reserves
ABCC Exchange prides itself with being one of the top Digital Assets exchange as their main aim is to provide the best experience for the users who want to exchange cryptocurrencies on a decentralized platform. The platform offered by ABCC seeks to be a secure online method of helping investors in finding valuable Decentralized Technology assets.
The safety of ABCC Exchange can be noticed initially by looking at its founder, known as Calvin Cheng, who is a famous technology and media magnate, whereas the other co-founders are other people with a diverse range of experience plus successful track records in financial services, management consulting and internet firms. Furthermore, the exchange works upfront as all of its team members are displayed on the website.
There have been several investors that need to be mentioned such as Dr. Michael Frendo, the former Minister of Foreign Affairs of Malta, Zhang Lei, the CEO of Yeecall and Yee, a company which has the goal of creating a social ecosystem that is cloud-based for a number of users that wants to exceed the mark of 40 millions. Other investors behind the exchange include Funcity Capital, Dream Seeker Capital and Block Origin Capital.
The fees that the exchange purports are of a low value of only 0.10%, especially when compared to the global-trading average of 0.25%, and they are applicable to both sellers and buyers. This demonstrates the user-centric approach the exchange has. However, it can also be paid with an amount of 0.0008 BTC. Furthermore, there is a withdrawal limit of 2 BTC or the equivalent per 24 hours if your account’s details are yet to be verified. If verified, the limit becomes 200 BTC.
The ABCC exchange offers its clients the opportunity to own AT token, which rewards holders with shares of the site’s profits and it also employs the new ”trade-to-mine” model that is getting more popular with exchanges, as another review reveals. On the other hand, funding can be made only via cryptocurrencies as it is not permitted to use credit cards or wire transfers.
Overall, ABCC honours its mentioned principles of focusing on the users with low fees, while the user experience reviews tend to be positive.
ABCC Exchange KYC and AML
ABCC Exchange KYC and AML
ABCC AML policy
ABCC IEO launchpad
|Stage||Start date||End date||Fundraising|
|Apr 19, 2019||-||Apr 19, 2019||N/A|
|May 13, 2019||-||May 17, 2019||$2.4M|
|May 6, 2019||-||May 11, 2019||$4.50M|
ABCC Exchange Additional Information
ABCC Establish date