Is ABCC a Good Crypto Exchange for Beginners?
It is important for novice cryptocurrency traders to choose the right crypto exchange. Not all companies can be used when you are just starting your path in trading, which is why the success in cryptocurrency trading depends on making the right choice. Beginners often wonder whether ABCC is a good crypto exchange to start trading with. In this article you will learn whether ABCC is good for beginners, what its pros and cons are and what a novice trader needs to know.
Short summary about the broker 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.
| 💰 Account currency: | Cryptos, fiats, and tokens |
| 🚀 Minimum deposit: | $1 |
| ⚖️ Leverage: | 1:1 |
| 💱 Spread: | Market-oriented |
| 🔧 Instruments: | Cryptos, fiats, and tokens |
| 💹 Margin Call / Stop Out: | No |
ABCC Pros and Cons
👍 Advantages of trading with ABCC:
•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.
👎 Disadvantages of ABCC:
•no investment programs;
•no referral program.
What is a Good Crypto Exchange for Beginners?
In order to choose the right broker for a beginner, you need to consider several aspects.
Here are the main ones:
-
Education. It is important for novice crypto traders to learn how to trade. An exchange can offer educational courses, video tutorials, articles, webinars, etc. The more learning opportunities there are the better.
-
Availability of a demo account. You will need this account to practice. It provides an opportunity for a beginner to trade risk free and try out trading strategies.
-
Availability of a simple method to buy cryptocurrencies. An exchange service or a P2P exchange would be an advantage for an exchange.
-
Low fees. The level of income of the trader depends on the level of the fees. Therefore, it is important to choose a company that charges minimum fees. Crypto exchanges mostly use the Maker and Taker fee model. It is important that you study them.
-
Instruments for passive investing. In addition to active trading, passive income is also important for beginners. Pay attention to availability of copy trading or staking.
-
Trading platform. It is important for a novice trader to choose the simplest trading platform that will be easy-to-use for trading.
In addition to these factors, you also need to consider how customer support operates, as it will also be important. Bonuses for beginners are also a nice perk.
Trading Conditions for ABCC Users
Before you start working with an exchange, it is important that you evaluate its trading conditions. ABCC offers traders the following conditions.
| 💻 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 |
| 💱 Spread: | 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 |
Commissions and Fees
The size of commissions and fees is also an important factor of choice. Traders Union analysts have prepared a short review of ABCC commissions and fees. In this section, you will find trading fees of the exchange as well as withdrawal fees.
The ABCC cryptocurrency exchange charges fees on all trading transactions. The commission is fixed at 0.1% of the transaction amount. The base currency is defined as USDT. The amount of commission does not depend on the volume of transactions and other parameters. It can only be reduced if the fee is paid in AT, not in the underlying asset. When paying with the AT token, the fee will be recalculated taking into account the individual discount.
| Account type | Spread (minimum value) | Withdrawal commission |
| Standard | Up to 0.1% per order | Yes |
Investment programs of ABCC
It is important for novice traders not only to trade actively, but also earn passive income. Passive investing can help you earn extra profit, and also compensate for the losses you may incur as a result of active trading. ABCC offers the following passive income options.
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 thedeal 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.
Conclusion. Is ABCC good for beginners?
The ABCC cryptocurrency exchange will be an excellent choice for beginners. The exchange offers a convenient trading platform, which a beginner can learn to work with rather quickly. There is an excellent education center with a large number of materials for novice traders. Also, traders can earn passive income on good conditions. Therefore, ABCC could be considered as a good cryptocurrency exchange for a start.
- Is 3Commas a Good Crypto Exchange for Beginners?
- Is Paxful a Good Crypto Exchange for Beginners?
- Is Bitbank a Good Crypto Exchange for Beginners?
- Is CoinSwitch Kuber a Good Crypto Exchange for Beginners?
- Is Coinone a Good Crypto Exchange for Beginners?
- Is Nexus Trade a Good Crypto Exchange for Beginners?
- Is FatBTC a Good Crypto Exchange for Beginners?
- Is CoinMetro a Good Crypto Exchange for Beginners?
- Is Coinsbit a Good Crypto Exchange for Beginners?
- Is CoinEx a Good Crypto Exchange for Beginners?
- Is Bitstamp a Good Crypto Exchange for Beginners?
- Is ByBit a Good Crypto Exchange for Beginners?
- Is eToroX a Good Crypto Exchange for Beginners?
- Is ZT Exchange a Good Crypto Exchange for Beginners?
- Is Mercado Bitcoin a Good Crypto Exchange for Beginners?
- Is ZB.com a Good Crypto Exchange for Beginners?
- Is Bitkub a Good Crypto Exchange for Beginners?
- Is AAX a Good Crypto Exchange for Beginners?
- Is NDAX a Good Crypto Exchange for Beginners?
- Is PrimeXBT a Good Crypto Exchange for Beginners?
- Is Buda a Good Crypto Exchange for Beginners?
- Is Tidex a Good Crypto Exchange for Beginners?
- Is Bitci a Good Crypto Exchange for Beginners?
- Is Paribu a Good Crypto Exchange for Beginners?
- Is Bitbuy a Good Crypto Exchange for Beginners?
- Is ACE Exchange a Good Crypto Exchange for Beginners?
- Is COSS Exchange a Good Crypto Exchange for Beginners?
- Is Cryptopay a Good Crypto Exchange for Beginners?
- Is CoinCorner a Good Crypto Exchange for Beginners?
- Is Blockchain.com a Good Crypto Exchange for Beginners?
FAQ
What do I need to know about the fees charged by cryptocurrency exchanges?
The majority of cryptocurrency exchanges use the Maker/Taker fee model. As a rule, they use a multi-level system for traders that depends on the trading volume. The higher the trader’s trading volume, the lower the fees.
How do I choose a reliable cryptocurrency exchange?
Crypto exchanges mostly operate without licenses, as the majority of countries haven’t adopted legislation to regulate them. In order to choose a reliable exchange, you need to find out about its reputation and read the reviews about user experiences with it.
How many cryptocurrencies could a crypto exchange offer?
The number of cryptocurrencies on the listing of a cryptocurrency exchange may be very different. Some platforms offer less than 10, while others – several hundreds. It is important that you check the choice of cryptocurrency before registering on the exchange.
What are the risks of investing in cryptocurrencies?
Investing in cryptocurrencies carry high risks due to their high volatility. It could cause substantial losses, which is why it is important to observe the rules of risk management.
Related Articles
Team that worked on the article
Mikhail Vnuchkov joined Traders Union as an author in 2020. He began his professional career as a journalist-observer at a small online financial publication, where he covered global economic events and discussed their impact on the segment of financial investment, including investor income. With five years of experience in finance, Mikhail joined Traders Union team, where he is in charge of forming the pool of latest news for traders, who trade stocks, cryptocurrencies, Forex instruments and fixed income.
Olga Shendetskaya has been a part of the Traders Union team as an author, editor and proofreader since 2017. Since 2020, Shendetskaya has been the assistant chief editor of the website of Traders Union, an international association of traders. She has over 10 years of experience of working with economic and financial texts. In the period of 2017-2020, Olga has worked as a journalist and editor of laftNews news agency, economic and financial news sections. At the moment, Olga is a part of the team of top industry experts involved in creation of educational articles in finance and investment, overseeing their writing and publication on the Traders Union website.