ABCC Review 2024
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
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 3.25 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.
- 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 |
| 💵 Replenishment / Withdrawal: | Bank cards and accounts, electronic and cryptocurrency wallets |
| 🚀 Minimum deposit: | $1 |
| ⚖️ Leverage: | 1:1 |
| 💼 PAMM-accounts: | No |
| 📈️ Min Order: | From 0 |
| 💱 Commission: | Market-oriented |
| 🔧 Instruments: | Cryptos, fiats, and tokens |
| 💹 Margin Call / Stop Out: | No |
| 🏛 Liquidity provider: | No |
| 📱 Mobile trading: | Yes |
| ➕ Affiliate program: | No |
| 📋 Orders 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.
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Commissions & Fees
| Account type | Commission (minimum value) | Withdrawal commission |
|---|---|---|
| Standard | Up to 0.1% per order | Yes |
If an exchange client uses an API to trade, he receives a reduced commission of 0.05%. This commission is also initially fixed, but when redeeming with an AT token its reduction is relevant. No additional fees are charged by the site. There are no commissions for depositing funds (excluding commissions that may be taken by third-party services involved in the input process). The exchange charges withdrawal fees. Their value is calculated individually when drawing up an application for withdrawal. You can specify the limits on a conclusion in the Support section where the detailed information on daily limits is presented.
| Broker | Average commission | Level |
|---|---|---|
|
$1 | |
|
$20 | |
|
$0.1 |
Investment Programs, Available Markets, and Products of the Crypto Exchange
The ABCC cryptocurrency exchange does not offer investment solutions. There are no stacking and other opportunities for traders who prioritize passive income. The platform focuses strictly on exchange and OTC trading, which many customers see as its advantage. Thus, the management of the platform focuses on the target functions, improving them to provide clients with the highest level of safety and comfort of trading.
If you are a large investor and plan on investments over $10,000, contact us at vip-invest@tradersunion.com or by the feedback form on our website. Our professional team will take you through all the intricacies of the deal and all the steps from signing up to withdrawal of profits.
ABCC’s affiliate program:
The crypto exchange does not provide referral programs for its clients. Users of the site can invite their friends and acquaintances to it, but will not receive financial bonuses and other benefits. Many experts regard the absence of the affiliate program as an indicator of stable development of the exchange, which does not need to further increase the flow of new customers.
User Satisfaction