According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
- $1
- TradingView
- Deposits can be made in U.S. dollars, high-speed transactions, multiple deposit and withdrawal channels, open listing, no passive income options on this exchange, OTC trading, proprietary AT token gives financial advantages
Our Evaluation of ABCC
According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
ABCC is a cryptocurrency exchange with higher-than-average risk and the TU Overall Score of 3.17 out of 10. Having reviewed trading opportunities offered by the company and reviews posted by ABCC clients on our website, Traders Union expert Anton Kharitonov recommends users to consider a more reliable broker with better conditions, as, according to reviews, many clients of this broker are not satisfied with the company’s work.
The ABCC cryptocurrency exchange is focused exclusively on active traders, as it does not offer options for passive income. It has no staking or other investment solutions, and the referral program is also not available. Trading conditions are evaluated as profitable because commissions are low and fixed, and there are many pairs with USDT and USDC; plus, a vast array of channels for deposits and withdrawals is available. The pool of coins is constantly replenished through a free listing. The trading terminal is standard, and the mobile application has the full-fledged functionality of the browser version. There are several bonuses, including a welcome bonus, and the site regularly holds promotions and competitions among traders, but you need to be an AT holder to participate.
Brief Look at ABCC
The ABCC crypto exchange is a multilateral platform for cryptocurrency trading. Bitcoin (₿), Ethereum (Ξ), SUSHI, LINK, AAVE, and dozens of other cryptocurrencies and tokens are available for trading on this platform. There are two types of trading pairs — USDT and USDC. Direct deposit to USD from a plastic card or bank account is possible. Deposits from e-wallets are also available. The exchange initially has a fixed fee for trade transactions, which is 0.1% for the taker and the maker. When using the API, the fees are reduced to 0.05%. The site has its proprietary AT token, and it can be used to pay trade commissions at a discount. Clients who hold the highest volume of AT share 80% of all users' commissions. The exchange has no investment or referral program, and passive income is not provided.
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- the most popular cryptocurrencies and tokens are represented on the exchange;
- top-notch possibility to deposit fiat funds such as US dollars, etc., from bank cards;
- low fixed commissions do not depend on trading volume;
- reduced fees for trades using API;
- the site has its proprietary AT token, which is beneficial for trading;
- easy-to-learn and intuitive TradingView trading terminal;
- the exchange has a mobile trading application;
- lightning-quick speed of work and trading operations.
- no investment programs;
- no referral program.
TU Expert Advice
Financial expert and analyst at Traders Union
The ABCC cryptocurrency exchange was launched in 2018. The platform is known continent-wide, but it works with traders from all regions and there are no local restrictions. During the existence of the exchange, no evidence of fraud or defaults to customers, hacking, or loss of funds by users for reasons other than trading situations have been revealed. Despite the lack of open data on the license, the site is recognized as reliable due to its credibility and stability.
The main advantages are its low commissions and the high speed of transactions. The site's commissions are indeed lower than most of its competitors. They are initially fixed at 0.1% for the taker and maker. If you trade via API, the fees are halved to 0.05%. Trading commissions can be reduced in two other ways — by trading with the AT token and rebates from the Traders Union. Keeping AT on the account also provides other financial advantages.
Verification is conducted through the standard KYC procedure. Most settlements are performed automatically at the time of a transaction or other operation. For example, the discount for paying commissions with the platform token is indicated directly in the transaction window. Withdrawal commissions are also calculated immediately in the withdrawal window, they differ for different assets, and additional conditions may apply. In general, the functionality of the site is transparent and convenient. The exchange does not charge additional or hidden fees.
The disadvantages include the lack of alternative income opportunities. The site does not offer investment solutions, and there is no referral program. Of the third-party functionality, only OTC trading is available, and it’s a real catch for those who trade large volumes, but special conditions apply. The absence of demo accounts and a call center is considered as a feature, but not a disadvantage of the exchange. The experts have not revealed objective disadvantages.
ABCC Summary
💻 Trading platform: | TradingView |
---|---|
📊 Accounts: | Standard |
💰 Account currency: | Cryptos, fiats, and tokens |
💵 Deposit / Withdrawal: | Bank cards and accounts, electronic and cryptocurrency wallets |
🚀 Minimum deposit: | $1 |
⚖️ Leverage: | 1:1 |
💼 PAMM-accounts: | No |
📈️ Min Order: | From 0 |
💱 Commission: | Spot: 0,1%-0,2% |
🔧 Instruments: | 7 supported coins, Perpetual contracts, NFT. |
💹 Margin Call / Stop Out: | No |
🏛 Liquidity provider: | No |
📱 Mobile trading: | Yes |
➕ Affiliate program: | No |
📋 Order execution: | Not indicated |
⭐ Trading features: | Deposits can be made in U.S. dollars, high-speed transactions, multiple deposit and withdrawal channels, open listing, no passive income options on this exchange, OTC trading, proprietary AT token gives financial advantages |
🎁 Contests and bonuses: | Yes |
To start trading on the ABCC exchange, you must complete the registration procedure, which is not time-consuming. Then the user needs to confirm the personal data, this process is called verification, and it may take up to a day. After verification, the exchange client receives full access to the platform’s functions, and he can make a deposit and start trading. All available pairs are displayed in the main window of the trading terminal. To use the OTC trading service, select the appropriate tab in the main menu. The exchange client himself determines his financial policy, and there are no restrictions on trading strategies. The exchange does not allow leveraged trading, so the user must rely only on his own funds. Contact with technical support is made through email and it is specified in the footer of the site. There is also a system of tickets in the "Support" section.
ABCC Key Parameters Evaluation
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Regulation and safety
With a 5.25/10 score, ABCC demonstrates a moderate level of security and regulation. While the platform meets basic safety standards, it may not offer the same level of protection as higher-rated exchanges.
- 2FA
- Cold wallet storage
- No successful hacks history
- No investor protection fund
- Not tier-1 regulated
ABCC Security Factors
We also compared ABCC against the top two competitors with the highest scores in our overall ranking based on the most critical security indicators.
ABCC | OKX | Kraken | |
Tier-1 regulation | No | No | Yes |
Government-regulated | No | Yes | Yes |
Investor protection fund | No | Yes | No |
2FA | Yes | Yes | Yes |
Facial recognition | No | Yes | No |
Cold wallet storage | Yes | Yes | Yes |
Successful hacker attacks | No | No | No |
Is ABCC a regulated crypto exchange?
ABCC is not currently regulated by any government authority, which is still a common occurrence in the cryptocurrency industry. While this doesn't automatically mean ABCC is unreliable, government-regulated exchanges are generally considered more reliable due to the added oversight and client protection they offer.
Is verification (KYC) mandatory at ABCC?
Yes, KYC verification is mandatory at ABCC. You will need to complete the verification process before you can open an account and access the platform's full range of services.
In which countries is ABCC available?
ABCC complies with international sanctions and regional restrictions. Services are limited or unavailable in the following countries: Bahrain, Palestine, Jordan, Iraq, Qatar, Kuwait, Lebanon, Libyan Arab Jamahiriya, Oman, Syrian Arab Republic, Tunisia, Yemen, Botswana, Tanzania, United Republic Of, Zimbabwe, Namibia, Ethiopia, Jamaica, Zambia, Hong Kong, Afghanistan, Trinidad and Tobago, Brunei, Nepal, Serbia, Somalia, Cameroon, Rwanda, Slovenia, Eswatini, Croatia, Mongolia, Burma, Montenegro, Cambodia, Taiwan, Mozambique, Madagascar, Dominican Republic, Albania, Mauritius, Puerto Rico, Cote d'Ivoire, Laos, Macedonia, Papua New Guinea, Costa Rica, Luxembourg, Malta, Ecuador, Bahamas, Haiti. For the most up-to-date information on regional availability, please contact ABCC support.
Is ABCC available in the USA?
Yes, ABCC is available in the USA. However, availability may vary by state due to local regulations. We recommend checking the official website or contacting support for up-to-date information specific to your location.
ABCC commissions and fees
ABCC has earned a rating of 8/10 for its trading fees. This makes it a highly attractive choice for active traders seeking to reduce costs, as ABCC is a platform with minimal crypto trading costs.
- Spot fee below industry average
- No deposit fee
- Withdrawal fee may be applied
- P2P fee applied
What are ABCC trading fees?
We analyzed ABCC’s crypto fees and compared them to the top two competitors, both of which hold high average positions in our rankings. To establish a comprehensive benchmark, we also calculated the average fee score based on an evaluation of over 100 cryptocurrency exchanges.
ABCC trading fees vs competitors
ABCC | WazirX | Gemini | Industry average | |
Spot, maker fee (%) | 0,1 | 0,2 | 0,1 | 0.15 |
Spot, taker fee (%) | 0,2 | 0,2 | 0,35 | 0.194 |
Futures, maker fee(%) | 0 | 0 | 0.024 | |
Futures, taker fee(%) | 0 | 0 | 0.053 |
What are ABCC deposit and withdrawal fees?
Deposit fee, % | 0 |
Withdrawal fee, % | 0,0005 BTC 0,01 ETH |
Does ABCC offer P2P trading?
No, ABCC does not support P2P transactions. However, you can explore the best alternatives in our dedicated list of top P2P exchange platforms, offering a variety of secure options for peer-to-peer transactions.
Deposit and withdrawal
ABCC received a 5.5/10 rating for its deposit and withdrawal services. While ABCC covers basic payment options, the platform lacks some widely used methods that could improve user flexibility.
- Bank cards accepted for instant deposits
- Bank transfers for deposits and withdrawals
- Many cryptocurrencies for deposits and withdrawals
- No deposit fees
- No P2P transfer option
- Withdrawal fee applies
- No PayPal option
Deposit and withdrawal options
ABCC supports the following deposit and withdrawal options: Bank transfers, Bank card, Crypto.
ABCC Deposit and withdrawal options vs competitors
What is ABCC minimum deposit?
The minimum deposit at ABCC is 10 USD/USDT or 0,0001 BTC. The minimum trade size is 1 USD/USDT, which also serves as the minimum amount required to start trading on the platform.
ABCC minimum deposit vs competitors
ABCC | OKX | Kraken | |
Minimum deposit, USD or USDT | 10 | 10 | 10 |
Minimum deposit, BTC | 0,0001 | 0,0005 | 0,0001 |
Minimum trade amount, USD/USDT | 1 | 0,00001 | 1 |
Does ABCC support fiat money?
ABCC does not support fiat currencies; only cryptocurrencies are accepted.
Supported coins & markets
ABCC received a score of 4.5/10 in this category, indicating a modest offering of assets and markets. While ABCC covers essential trading functions, the number of supported coins, fiat currencies, and investment tools may be insufficient for users seeking more comprehensive options.
- NFTs available
- Crypto futures available
- Yield farming available
- Fiat currencies not supported
- Crypto options not available
ABCC supported coins and markets vs competitors
We compared ABCC with leading exchanges in terms of supported coins, NFT access, and derivatives like futures and options to help users assess the platform’s product range and trading flexibility.
ABCC | OKX | Kraken | |
Supported coins | 7 | 329 | 278 |
Futures/Perpetual contracts | Yes | Yes | Yes |
Options | No | Yes | No |
NFTs | Yes | Yes | Yes |
ABCC passive income options vs competitors
We also compared ABCC with top competitors in terms of passive income opportunities such as staking, farming, and copy trading, to help users evaluate the platform’s earning potential beyond regular trading.
Contacts
Foundation date | 2018 |
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Registration address | 10 Anson Road #03-58 International Plaza Singapore 079903. |
Official site | https://abcc.com/ |
Contacts |
+65 9866 7479
|
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