ABCEX

ABCEX
Go to ABCEX website

Web site: https://abcex.io/

ABCEX Cryptocurrency Exchange - what is it?

ABCEX is a cryptocurrency exchange that began operations in 2024, targeting both novice and experienced traders with a wide array of features and services. ABCEX stands out among other exchanges due to its competitive fees and a user-friendly peer-to-peer (P2P) section.

ABCEX was launched to provide users with a simple and secure way to exchange cryptocurrencies and handle fiat transactions. Currently, the platform primarily supports USDT in ERC-20 and TRC-20 formats, but plans to expand its offerings to include cryptocurrencies such as Bitcoin and Ethereum, making it more versatile and appealing to a broader range of traders and investors.

In 2024, the exchange also announced a partnership for listing a crypto-ruble based on Ethereum and Tron blockchain technologies, a token that adheres to the ERC-20 and TRC-20 standards and is pegged to the national currency.

Ownership and Headquarters

ABCEX is a Russian exchange with its main office located in Moscow. It is a legal entity registered under the name ABCEX LLC in 2023. While it operates under U.S. legislation, it does not have licenses for financial operations in Russia or other CIS countries.

Advantages and Disadvantages of ABCEX

Advantages:

  • Multi-functional exchange suitable for various trader types.
  • Well-designed proprietary trading platform.
  • Simple registration and verification process.
  • Fast transaction execution.
  • Secure storage of funds and personal data.
  • No restrictions on ruble transactions.
  • Easy crypto-to-fiat exchanges without limitations.
  • The lowest trading fees in the market.
  • Cash deposits and withdrawals without fees.
  • Advanced P2P section that allows users to exchange cryptocurrencies directly with each other.
  • Commission-free P2P transactions.
  • 14 different payment methods in the P2P section.
  • 24/7 customer support.

Disadvantages:

  • Currently limited to trading only in USDT, although there are plans to include more cryptocurrencies in the future.
  • Limited information available about the legal entity and the founders.
  • Support for only three languages: Russian, English, and Turkish.

Registration and Verification on ABCEX

The process to register a personal account on the ABCEX exchange is straightforward and only takes a few minutes, requiring no complex procedures or confirmations.

Step-by-step guide to creating an account:

  1. Visit the official ABCEX website.
  2. In the top right corner, click "Login". Then click "Register", which will open a new account creation form.
  3. Fill out the registration form. You will need to enter an email address and create a strong password. The password should include at least one uppercase letter, numbers, and special characters to enhance account security.
  4. Confirm the registration. After entering the data, click the "Register" button. A confirmation email should be sent to the provided email address. If the email does not arrive within a few minutes, check the "Spam" folder.
  5. Complete the verification. Basic verification requires email address confirmation. Follow the link from the email to the ABCEX site to confirm that the account belongs to you. This will require uploading an identity document (e.g., a passport) and taking a selfie for verification.

Depositing and Withdrawing Funds

How to Deposit:

  1. Go to the "Assets" section.
  2. Specify the amount. Deposits can be made in USDT through your personal account.
  3. Choose the method of deposit. Online deposits can be made with a bank card. You can also create a request for a cash deposit.
  4. Click the "Deposit" button.

If you need to deposit cash, you will need to visit a cashier at the nearest office location specified in your personal account.

Withdrawing Funds: To withdraw fiat, a similar system is used. First, you need to transfer USDT to your cryptocurrency wallet. In your personal account, press the "Withdraw" button. Funds can be withdrawn to a Russian bank card or collected in cash at the office as specified in the request.

Fees for Depositing and Withdrawing Cash at ABCEX Offices

  • Depositing and withdrawing cash in Moscow's own office is free of charge (0% commission), with a minimum transaction amount of 5,000 RUB.
  • At a partner office in Moscow, the fee is 0.3%, with a minimum transaction amount of 50,000 RUB.
  • In other cities, fees range from 0.2% to 1%, sometimes depending on the amount, with minimum amounts ranging from 50,000 to 300,000 RUB. Fees may vary between offices within the same city if the exchange partners with different entities.

Fees for Cryptocurrency Withdrawals:

  • On the ETH network: 5 USDT
  • On the TRX network: 2 USDT

How P2P Works on ABCEX

The advanced P2P section on ABCEX allows users to exchange cryptocurrencies directly with each other, offering 14 different payment methods, making this feature particularly convenient for a variety of trading operations.

To start using P2P, you need to:

  1. Register an account on ABCEX as described above.
  2. Enable 2FA to increase the security of your account, which can be done in the profile settings.
  3. Complete KYC (Know Your Customer) directly on your profile page in the P2P section.
  4. Choose a trading method (maker or taker).

Maker: If you want to create listings (for buying or selling), become a maker and create your listing.

Taker: If you want to respond to other makers' listings, find a suitable listing on the main page and respond to it.

Trading exclusively uses the P2P account. Transfers between spot and P2P accounts can be made in the "Assets" tab.

How to create listings (as a maker):

  1. Go to the main P2P page and click the "Create" button.
  2. Fill in all required fields. RUB (₽) represents fiat rubles. RUB (ABCEX) represents rubles on the ABCEX platform.
  3. Choose payment methods for transferring money (when buying) or receiving money (when selling).
  4. You can enter a comment in the next step.
  5. Review all entered data and click "Create".

How to buy RUB on ABCEX P2P:

  1. Find a listing: on the main P2P page of ABCEX, set filters for "Buying" and specify the transaction amount. Click "Buy" on a suitable listing card.
  2. Enter the purchase amount, choose a bank for the transfer, and respond to the listing.
  3. Wait for confirmation from the maker.
  4. Transfer the money and confirm the transfer.
  5. The seller will verify the receipt of funds and confirm the transfer. Once the seller confirms, the funds locked in the transaction will be transferred to you.

How to sell RUB on ABCEX P2P platform:

  1. Transfer funds to the P2P account: go to the "Assets" tab, select "transfer" and enter the amount to transfer to the P2P account (this is the amount you will be able to trade on P2P).
  2. Find a listing: navigate to the main P2P page on ABCEX, set filters for "Selling" and specify the transaction amount, choose a bank supported by the maker. Find a suitable listing and click "Sell".
  3. Enter the sale amount, choose a bank for receiving, and respond to the listing.
  4. Enter the transfer details.
  5. Wait for confirmation from the maker.
  6. Receive the money and confirm the transfer.

Trading Commissions

  • 0.07 - Maker (across all trading pairs)
  • 0.10 - Taker (across all trading pairs)

P2P Commissions

None for all operations.

Minimum Amounts and Limits

  • Minimum cash deposit amount in dollars: from $1000
  • Minimum amount to top up the wallet in USDT: 1 USDT.

ABCEX Offices

Address of the main office in Moscow: Presnenskaya Naberezhnaya, 12, open daily and around the clock.

There are also partner offices in Moscow and in all major Russian cities.

Sign up

Supported countries

  • Russia


Trading Fees

Spot Trading Fee maker/taker
Futures Trading Fee maker/taker
P2P
Sign up bonus
Spot Trading Fee maker/taker
0.07% / 0.1%

Futures Trading Fee maker/taker
- / -
P2P
check icon
-

Crypto Exchange Fees Calculator

Transaction amount
USDT


Compare ABCEX with other exchanges


Company
Spot Trading Fee maker/taker
Futures Trading Fee maker/taker
P2P
Sign up bonus
Spot Trading Fee maker/taker
0% / 0.05%
Futures Trading Fee maker/taker
0.04% / 0.1%
P2P
check icon
Sign up bonus
Trading fee discounts: 20.00% with refferal code mexc-promo20
Spot Trading Fee maker/taker
0.08% / 0.1%
Futures Trading Fee maker/taker
0.02% / 0.05%
P2P
check icon
Sign up bonus
Refferal code PROFIT20 - 20% off on trading fees Link
Spot Trading Fee maker/taker
0.1% / 0.1%
Futures Trading Fee maker/taker
0.02% / 0.05%
P2P
check icon
-
Spot Trading Fee maker/taker
0.1% / 0.1%
Futures Trading Fee maker/taker
0.02% / 0.06%
P2P
check icon
Sign up bonus
20% discount on trading fees by this link. Refferal code: QBADHKEF
Spot Trading Fee maker/taker
0.1% / 0.1%
Futures Trading Fee maker/taker
0.02% / 0.05%
P2P
check icon
Sign up bonus
20% discount on trading commission + mystery box by this link

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