Aspects Information Company Name abcc Registered Country Singapore Year of Establishment 2018 Regulators Unregulated Number of Cryptocurrencies Available More than 150 Fees Fees 0.04% for people placing orders and 0.07% for people eating orders Payment Methods Cryptocurrency Deposits and Withdrawals Customer Support 24/7 Live Chat and Email Support

General Understanding abcc

Founded in 2018, abcc is a cryptocurrency exchange registered in Singapore. With over 150 listed cryptocurrencies including Bitcoin, Ethereum and Tether, abcc offers a diverse range of trading options. The exchange reports a 24-hour trading volume of 1.218 BTC. Abcc follows the Maker-Taker fee model, where Maker pays a lower 0.04% fee and Taker pays 0.07%. It is important to note that abcc is not currently regulated by any particular financial or regulatory authority, and this should be taken into account when trading on the platform.

Pros and cons

Pros:

Cryptocurrency Varieties: More than 150 cryptocurrencies are available for diversified trading.

Security Measures: Implementation of cold storage, 2FA, secure website, and auditing.

User-friendly interface: Provides a simple registration and trading process.

Quick Listing: Quick listing of new cryptocurrencies after launch.

Cons:

Lack of Regulation: Not regulated by any particular Financial Institution Group.

Limited Payment Methods: Only cryptocurrency deposits and withdrawals are supported.

Taker Fee: The Taker Fee is relatively high at 0.07%.

Network Congestion: Cryptocurrency transaction times may change due to network congestion.

Advantages and Disadvantages Cryptocurrency varieties Lack of supervision and security measures Limited payment methods User-friendly interface Recipient fees Quick listing Network congestion

Fees

abcc charges Maker-Taker fee model, which means that users (Makers) who add liquidity to the order book charge lower fees than users (Takers) who obtain liquidity from the order book.

Recipient fee abcc is 0.07% and pending order fee is 0.04%.

This is the table of transaction fees charged abcc:

Type Fee Recipient 0.07% Producer 0.04%

Payment Method

abcc supports cryptocurrency deposits and withdrawals as the primary payment method. Users can deposit their desired cryptocurrency into their abcc wallet and use it to trade or invest on the platform. Similarly, users can withdraw their cryptocurrency funds to an external wallet.

Processing time for cryptocurrency deposits and withdrawals abcc may vary depending on a number of factors, including network congestion and the specific cryptocurrency used. In general, cryptocurrency transactions are processed relatively quickly, and deposits are typically credited to users' accounts within minutes. Withdrawals are typically processed within a similar timeframe, but additional time may be required for network confirmations.

Be sure to note that processing times may be longer during periods of high network activity or congestion. We encourage users to double check transaction confirmation times for their particular cryptocurrency and consider any potential delays when planning a transaction or withdrawal activity.