IMPORTANT UPDATE: ABIT cryptocurrency exchange has decided to permanently close services from October 15, 2021, due to “ongoing changes to global regulatory policies and environment.”
ABIT Exchange platform’s closing announcement and settlement process are mentioned in the screenshot below.
Accordingly, we have marked the platform as “closed.”
If you want to start a crypto trading account, check our regulated cryptocurrency exchange platform list, which helps you to find the right platform according to your requirements.
Are you a cryptocurrency trader? Do you seek to trade and invest in cryptocurrency assets? If so, then you are at the right place. When it comes to cryptocurrency trading, the ABIT exchange platform is one of the best platforms in the world. With more than 35 cryptocurrencies in the portfolio, ABIT Exchange allows every user to rake in a decent income from crypto markets. Read the extensive ABIT Exchange review to take a virtual tour of the platform right now.
ABIT Exchange Summary
|Official Website||Business is closed|
|Supported Fiat Currencies||Yes|
|Minimum Deposit||0.1 EOS|
|Withdrawal Fees||Depends on Currency|
|Customer Support||24/7 via Mail, Help Center, & Submit a Request Support|
What Is ABIT Exchange?
Established in 2019, ABIT is a cryptocurrency exchange platform regulated and monitored by AUSTRAC of Australia. ABIT is known worldwide for providing a wide range of cryptocurrency asset services, including instant buying and selling of cryptocurrencies, derivatives trading, spot trading, and more. The platform offers multi-layer protection, and its app version enables secure and speedy trading on the go.
How Does ABIT Exchange Work?
ABIT Exchange allows the users to conduct trading and investment in cryptocurrencies either on a peer-to-peer basis or directly from the bank using a credit card. Register with the platform and log in with your credentials to start using the platform. Complete the NYC verification process and register your bank account and wallet to begin buying and selling cryptocurrencies. If you seek to buy cryptocurrency assets, then select the cryptocurrency and make the payment with your bank account to receive the purchased crypto in your top crypto wallets. Complete the deal within half an hour for a successful transaction.
At ABIT Exchange, the platform is driven by Blockchain technology and advanced algorithms that automate buying and selling cryptocurrencies from the crypto markets. ABIT Exchange enables fast and highly secure transactions at zero commission fees.
Features of ABIT Exchange
The salient features of ABIT Exchange are listed below:-
- ABIT Exchange is headquartered in Australia and operates mainly in the Asia Pacific region.
- The platform allows trade and investment in cryptocurrencies and crypto derivatives.
- ABIT ensures a guarantee in market liquidity, and its trading system is safe and secure.
- The mechanism of market quotation is highly reliable.
- Customer service is prompt and responsive.
ABIT Exchange Review: Pros and Cons
The pros and cons are tabulated below:-
|The interface of the platform is user-friendly.||Customer service is only available over email, and the FAQ section is not informative.|
|Market liquidity is guaranteed for traders and investors.|
|The market quotation mechanism is transparent.|
|The platform allows trading in a wide variety of cryptocurrencies.|
Getting Started with ABIT Exchange
Follow the steps below to begin crypto trading at ABIT Exchange:-
- Visit the official website and register with your name, email address, and phone number.
- Complete the KYC verification process and configure the settings to start trading.
- Deposit funds and withdraw the proceeds daily to generate a regular income.
ABIT Exchange Fees
At ABIT Exchange, the transaction fee is 0.2%. For making deposits, the platform does not charge a fee. The fee is 0.001 BTC for Bitcoin, 0.02 ETH for Ether, and 0.1 EOS for EOS to withdraw funds. To get detailed information about ABIT exchange’s fees structure.
ABIT Exchange Deposit and Withdrawal Methods
The platform makes it very convenient for users to conduct deposits and withdrawals.
Follow the steps below to deposit funds at ABIT:-
- Click on Assets at the official website and select the token of your choice.
- Enter the deposit address to initiate the transfer. If you want to deposit USDT tokens, select any among the protocols that include ETH, TRON, and Omni.
- Fill in the EOS memo and check the progress of block confirmation.
- The minimum amount for depositing funds is 0.1 EOS.
Follow the steps below to withdraw funds from ABIT Exchange:-
- Click on the Assets section and enter the wallet address to receive funds from the platform.
- Pay the network fee to make the withdrawal to an external address. For an internal withdrawal of funds, the user does not need to pay a fee.
- Enter the amount for withdrawal and check the receipt.
Why Choose ABIT Exchange?
ABIT is one of the best platforms for cryptocurrency exchange. The reasons to choose ABIT Exchange are mentioned below:-
- The users at ABIT allow trading in various crypto assets, including cryptographic and digital tokens.
- The technology of ABIT allows seamless and profitable trading in cryptographic products.
- The fee for deposit and withdrawal of funds is meager.
- The platform is subject to the regulations of both Indonesia and Australia and is therefore safe and secure.
- ABIT maintains top-notch financial security and data confidentiality.
- At ABIT, customer service is available 24×7.
ABIT Exchange Mobile App
Trade anytime, anywhere with our mobile app, which is available on both iOS and Android Platform.
ABIT Exchange Security Measures
ABIT Exchange allocates top priority to financial and data security. The platform makes it mandatory for every user to submit ID proof documents for KYC verification. ABIT is licensed to the regulatory authorities of Indonesia and Australia, which helps in ensuring a secure trading experience for the users.
ABIT Exchange Customer Support
At ABIT Exchange, customer service is available 24×7 over email. Reach out to the customer help desk at any hour of the day by emailing [email protected].
ABIT Exchange Review: Our Verdict
It is evident from the detailed ABIT exchange review that the exchange platform is ideal for both beginners and advanced traders. The platform is easy to use and highly configurable. What makes the platform stand out is how users can trade and invest in a wide range of crypto products. One of the improvements that the platform can implement is the enhancement of customer service. Overall, ABIT Exchange is highly suitable for crypto trading and investment.
Is ABIT Safe and Legit?
ABIT Exchange is safe and legit as the authorities of Indonesia and Australia govern it. The ABIT Exchange reviews at TrustPilot reveal the security and legitimacy of the platform.
What Is the Minimum Amount to Withdraw/ Deposit From ABIT?
The minimum deposit amount is 0.1 EOS, and the minimum amount for withdrawal is 0.1 EOS.