ABCC

ABCC Exchange: A Look at the Platform

ABCC, launched in April 2018, is a centralized cryptocurrency exchange based in Singapore, founded by Alan Li, Calvin Cheng, and Vincent Yang. It aims to offer a user-friendly trading experience, bridging traditional finance and crypto markets, with a focus on both individual and institutional users.

What ABCC Brings

• Trading Options: Supports crypto-to-crypto pairs across USDT, USDC, and BTC markets, with over 100 assets like BTC, ETH, and SHIB, plus fiat services for buying crypto.
• Fees: Flat 0.1% trading fee for all users, dropping to 0.05% via API, with free deposits but withdrawal fees (e.g., 0.0005 BTC).
• Features: Offers a mobile app (iOS/Android), multilingual support (via Telegram groups), and its AT token for fee discounts and revenue sharing (80% of daily fees).
• User Perks: No initial KYC required for basic trading, IEO access, and a referral program with rewards up to 250 AT tokens.
• Security: Claims GDPR compliance and legal audits for listed coins, with a simple interface for easy navigation.

Things to Consider

• Regulatory Status: Lacks clear oversight beyond self-reported compliance, which might concern some users.
• Mixed Feedback: Some users praise its low fees and ease of use, but others note withdrawal delays or verification issues.
• Liquidity: Trading volume has been modest (around $11M historically), potentially affecting less popular pairs.
• Accessibility: Focuses on crypto-to-crypto, so newbies without crypto need an entry-level exchange first.
• Trust Factors: No major hacks reported, but the lack of detailed team info and past acquisition (by Vincent Yang in 2019) raise questions.

ABCC offers a solid starting point for crypto trading with low fees and unique perks, but its regulatory gaps and user experiences suggest caution. Check it out at https://abcc.com if it suits your needs.