Do you know how crypto exchanges earn their revenues?
Well, they earn their profits by skimming a piece of your pie each time you trade in the form of exchange fee or trading fee.
But this happens so slow and steady that you even don’t realize it.
And one might say that exchange fees or trading fees are at all-time lows – 0.1% or 0.25%. But this small fraction can make a huge difference in the acquisition of your wealth over a period.
However, there is one crypto exchange that has your back, whether you are a beginner or a veteran trader – ABCC.
True Zero-Fee Crypto Trading Experience
Launched in April 2018, it aims at providing a frictionless, user-centric trading experience. It is on the mission to embrace the philosophy of blockchain, i.e., open, frictionless and participatory. ABCC focuses on helping investors identify valuable blockchain assets, offering a secure online trading platform and providing professional trading services.
Calvin Cheng, Chief Executive Officer of ABCC, and one of the co-founders is a Singaporean entrepreneur who has successfully founded several companies, technology, and media. He is also a former appointed member of Singapore’s Parliament and a Young Global Leader of the World Economic Forum.
The exchange is functional as of now and is based out of Singapore with 50+ team members and investors like Funcity Capital and Dream Seeker Capital backing it.
Features and What we like about ABCC
ABCC is a fast-growing cryptocurrency exchange that is proud of its free-trading USP (no hidden fee or charge for any trading amount or tokens is applicable on their platform)
And its quicker transactions (withdrawals/deposits/exchanges) and lower withdrawal fee make it fundamentally different from its competitors.
However, I know you must be thinking as to how they earn their revenues? Well, as of now, the services are free for retail users. Their future revenue would be from API users and also other value-added services within the blockchain ecosystem. (More details on it later)
Also, they have implemented different security layers for protection of investor’s funds and only list quality coins via a proprietary investment methodology.
How To Register, Login & Withdrawal Limits
You require your email ID and name to get started with the registration. By using this official guide, you can easily complete your sign-up process.
Post that, you should complete your KYC verification by submitting relevant documents if you want to enjoy greater withdrawal limits. Here is the official verification guide for the same.
Post completion, you will be entitled to the following withdrawals:
- No identity verification: Withdrawal limit is 2 BTC (or equivalent) within 24 hours
- Completed identity verification: Withdrawal limit is 200 BTC (or equivalent) within 24 hours
Note: For withdrawal amounts above the 200 BTC (or equivalent) limit, please email your application to [email protected]
UI Experience & Security Measures
At present, ABCC lists more than 20 cryptocurrencies/pairs against BTC, ETH, and USDT and its UI looks quite intuitive. As you log in and go to the exchange section, you will a dashboard as below will greet you:
Also, if you are an experienced trader, you might want to explore other features such as market charts for 1-hr, 2-hr, 4-hr, 6-hr, 12-hr or daily or weekly charts. One can also check the buy & sell walls to get an idea of the market depth.
Plus, you have the freedom to place market as well as limit orders on the ABCC exchange and a cool feature to link your Telegram for the real-time trading information and market trends.
Apart from that, there are some must-follow safety tips to use ABCC securely:
- Securely store your account password.
- Transfer funds with caution.
- Please make sure that you are visiting “www.abcc.com” to avoid phishing scams.
- Turn on two-factor authentication (email or mobile phone) and upgrade your security.
Lastly, to protect the security of your account, if your password is entered incorrectly five times, your account will be frozen for 24 hours.
Supported Countries & Fees Structure
As shared earlier, the trading fee is zero on ABCC exchange, and the deposits are also free. However, one is required to pay a minimum fee for withdrawals which is taken by the respective networks as a mining fee or transaction fee on their blockchains. Here is the fee schedule and minimum limit for the same.
And currently, they support all the countries of the world.
Airdrops, Competitions, and Campaigns
Another thing that I liked about this exchange is they have recently launched their HTML mobile version which is compatible with all smartphones. Their iOS and Android apps are also in the pipeline which will let you trade cryptocurrencies on the go.
Therefore, this exchange looks eager to expand in the near future and is aggressively announcing innovative campaigns and airdrops such as Give away 30 million XMX, ABCC Airdrops 3,000QTUM, and Super Friday Jackpot on Twitter.
— ABCC Exchange (@ABCC_Exchange) May 7, 2018
Lastly, they have support for English and Chinese language on their platform with plans to launch many more airdrops and other campaigns for the benefit of their users. And because of all this, I believe ABCC is a fierce competitor to other crypto exchanges.
Some official links that will help you stay updated with ABCC’s news:
Note: This is a sponsored content, but no factor influences the information.
Here are a few hand-picked guides for you to read next:
- Bittrex Alternatives: Exchanges Similar To Bittrex
- 7 Altcoin Exchanges To Start Trading On Without KYC & AML
A team of Blockchain and Cryptocurrency experts lead by Harsh Agrawal. Trusted by over 1.1 million readers worldwide.