Review on ABCC by Japheth Ayuba
ABCC supports only 7 coins. The least I have ever seen
Since my time with crypto exchanges, I have never come across an exchange with a limited support for Cryptocurrencies as ABCC exchange. The exchange supports only a handful of coins totalling 7 and just 6 pairs. All it's coins are paired to the USDT. Despite it's low coin support, this exchange has a good 24 hour trading volume as compared to exchanges with a lot of coins and no liquidity. Trade fees charged by this exchange is a minimal 0.1% and this fee can be discounted by users holding their ABCC token AT. The ABCC token AT holders do no only receive trade fee discounts but also share on the revenue distribution of the exchange
The exchange has never experienced a security breach of any kind since it's inception which is quite remarkable. Margin trade is not supported yet. Alongside Fiat deposit or trades which are yet to be supported on this exchange. There is a mobile app support for this exchange for Android and IOS devices. Withdrawal fees from this exchange are moderate. The exchange is recommended for anyone with taste for a little number of coins and as liquidity is heavy on this exchange, trade executing usually takes between seconds
Pros
- Low flat trade fee of 0.1% which is considerably below the market average of 0.25%
- Mobile app is available for both Android and IOS devices
- The exchange has had no security breach since inception
- Holders of its token ABCC token AT are eligible to share the revenue distribution by the exchange
- Holders of its token also receive trade fee discounts depending on the number of AT they hold
Cons
- Only 7 coins and 6 pairs are on the exchange
- Margin trade is not supported on this exchange yet
