Review on ABCC by Adedamola Adeniji
ABCC Exchange Not for Novice
ABCC was established by Calvin Cheng a reknown media and technology business tycoon in April 2018. It has its head office in Singapore
As a Crypto exchange user the most important factor to consider after security of asset when making a choice of an exchange platform is fees. It is known to us that every trade takes place between takers and makers. The makers places order and the taker then places marching orders. ABCC doesn't charge different fee for takers and makers. It adopts a model called flat fee model.
ABCC charges a flat trading fee of 0.10 percent which is quite cheap compared to the global industry average which is around 0.25 percent.
It doesn't take deposit of fiat currency, you can only trade on it with just your Cryptos
I will strongly advise newbies to the Crypto world to do thorough research before considering this exchange, however Pros can go ahead with caution
Pros
- ABCC doesn't charge different fee for takers and makers. It subscribe to a fee model called called flat fee one that charges ones for both services.
Cons
- It has very poor social media presence, one of the major reason for it staying in obscurity.
- It can't be accessed from the web because the website suffered DDos attack. It can only be used on mobile devices.
- It security doesn't look so good to because it has no cool down time when password is changed, whitelisting of withdrawal address, manually approving new IP addresses among others.
New products
Comments (1)
January 12, 2021
ABCC has over five layers of security, its unique security setup separates trading attitude from assets. It has good customer care support with informative FAQ guides and contact email address for users to make use of, it also has in place mobile apps for android and iOS.
ABCC is a good exchange to trade with for traders and investors considering it as a choice.
