If you have any interest to buy ABBC Coin (ABBC), you will be required to have either Bitcoin abbreviated as (BTC) or Ethereum (ETH) for trading purposes. I have reviewed the major cryptocurrency exchange Binance in this post to help you determine the best sites to buy cryptocurrency using a credit card or bank account. Take a read and get tips on the best cryptocurrency trading.
Step 1: How to create a Binance account:
1.1 Visit Binance’s Website (https://www.binance.com/en)
There have been several phishing cases reported over the past years that are imitations to the original site, it is essential to scrutinize the URL to the website keenly. First, be on the lookout for the ‘Secure’ certificate that should pop up in your address bar and that acts as a confirmation of the site’s genuineness. Second, to be extra safe while trading on the platform, ensure to bookmark the authentic site to evade any confusion in future searches.
1.2 Fill in your trading details
You have to fill in your details by going to the ‘’Register” tab found in the right-hand corner of the website’s page and fill in your trading details. For instance, you will need to fill in your mobile number or you choose to use your email address. For the email address, it is necessary to use your main email that you can access easily and the most secure one since you will need it to sign in to your Binance account always.
You also need to choose a strong password for your email; a strong password should comprise a mix of numbers, symbols, upper and lower-case letters. You will receive a 6-digit code via the email you provided as your account’s verification code and for completing the registration process.
1.3 Allow 2FA-Two-factor authentication (Optional)
To make your account more secure you need to allow use of a two-factor authentication after your first log in. Trust me; it is vital to set up the 2FA because it makes your account more secure from any hacking activity!
Every time you log in with the two-factor authentication, you will need to provide a unique code once your type in your email and password. To get your unique code, use the Google authenticator app downloaded into your smartphone.
Step 2: Buying your first Bitcoin (BTC)
To send money to your Crypto wallet account on Binance either directly via your bank account through SWIFT money transfer or you can opt to use your debit/credit card. For this part, I will guide you on how to use your credit card.
Binance previously didn’t allow the use of credit or debit cards on its platform, but the same has been introduced. Binance partnered with Simplex to allow its users to use their credit and debit cards to buy Bitcoin or Ethereum. This has led to faster Crypto transaction speeds, low transaction charges, and more transaction flexibility.
I highly recommend buying Bitcoin first and then trading it for the right amount of ABBC Coin (ABBC).
It is easy to purchase Bitcoins via your credit card but I will elaborate on best ways you can do it step-by-step to make sure you understand all the trading nitty-gritty.
- Move your mouse’s cursor to ‘Buy Crypto’ tab found on the top bar and activate the dropdown menu. Then choose the currency, For instance, US Dollars, and click the ‘Credit/Debit Card’ to lead you to the next step.
- You be led to the next page; in this page you will see options to choose the desired Bitcoin (Select BTC), and the amount you need to spend to buy your choice Bitcoin amount. The total amount you need to spend will be displayed according to the Bitcoin amount you request and the matching market price at that time (inclusive of all fees). However, you can choose to first set the total charge then the system will automatically calculate the order amount for you.
- Fill in your credit card details and personal information too. Once done, you need to click “Pay now” and give it a moment to verify your details.
- You will be required to verify your email and phone number if it happens to be your first simplex payment via a code send through your email or an SMS. Complete the verification process by opening the link in your email and type in the code you receive via SMS. Once you do all the above, you can click “Continue”.
- Verification of identity follows next via the use of an official document. Basically upload your identification document photo accompanied by your personal details and click the “Upload Document” tab.
Lastly, your personal document will be approved once verified by the system and an email send to show the confirmation of order purchase. Subsequently, your Binance account is credited with the purchased BTC or Ethereum.
Step 3: Transferring Your Cryptos to an Altcoin Exchange Bittrex
Now, let me guide you on how to purchase ABBC Coin (ABBC) using your investment from Binance.
But remember you cannot trade every crypto in Binance you will have to transfer your coins to an exchange that ABBC Coin (ABBC) can be traded. So I will guide you to Bittrex which is a famous exchange to trade altcoins. Use the link below to register your new account.
If you have completed similar processes as we’ve done before with Binance you now are ready to transfer your Bitcoins.
Step 4: Depositing BTC to Exchange
If you have finished creating your new trading account setup at one of the exchanges that trades ABBC Coin (ABBC), you will need to transfer your BTC from Binance to that specific exchange. This is done via a wallet system.
You also need to click “Holdings” on the top right menu.
Look for “BTC” from Token section and copy the given “Deposit Address”
This process may be difficult a little bit but don’t worry, it is simpler than a bank transfer.
After you have copied your unique BTC wallet address go back to Binance.
You have to move your cursor to “Wallet” on the right hand side of the topbar and once the popup shows up, click on “Fiat and Spot (Deposit & Withdrawal)”.
Look for BTC in the list and click on “Withdraw” on the right hand side.
Then, you have to paste the deposit address you just copied from the other exchange and select BTC as the transfer network. Then type the amount that you want to withdraw (you may click the Max button if you want to withdraw all).
After you have done the above, click on the Submit button to begin with the withdrawal process. If you need to continue with the withdrawal, Binance may ask you for your 2-Factor Authentication code and also you will have to confirm the withdrawal with an e-mail.
That is all you are required to do, then you should wait for a few seconds so that the blockchain to confirm your transaction.
Step 5: Trading ABBC Coin (ABBC)
You now need to go back to Bittrex to buy ABBC Coin (ABBC) with the Bitcoins you sent over there.
You need to look for “Markets” and click that button and you will see altcoins list.
On your left side, there is a colum in which you have to make sure you select “BTC” pair and in the search bar type in “ABBC”. If you have already moved your coin click on it and now you will see a price table of ABBC/BTC in the middle of the page. Then select the “Market” tab as that is the simplest way of buying orders. You can either type in your amount or choose what portion of your BTC deposit you would like to spend on buying, by clicking on the percentage buttons.
When you have confirmed all details, click “Buy ABBC”. Now you have just bought your own ABBC!
Other Exchanges to Buy Cryptos
The following are other sites you can buy from these exchanges:
HotBit (Which permits US investors)
MXC (This exchange allows US investors)
On top of the above-listed exchanges, there are some more common crypto exchanges where daily trading volumes and a huge user base is available. This helps to ensure that you can sell your coins any time you want and the charges for the trading are not high. It is recommended that you should also register on these exchanges because whenever ABBC Coin gets listed there it give the traders who have already registered a large amount of trading volumes, that means you will be provided with some great trading opportunities!
Final Step: How to Store ABBC Coin securely in hardware wallets
1. Ledger Nano S
- Easy to set up and has a friendly trading interface.
- Allows use on desktops and laptops
- Lightweight and Portable too
- Has been designed to Support most blockchains and a wide range of (ERC-20) tokens
- Has many trading languages.
- Designed by a well-established company found in 2014 with great chip security
- It is not expensive but can be acquired at affordable price
2. Ledger Nano X
- It made with a more advanced and secure element chip (ST33) than Ledger Nano S
- Has an easy design that allows the use on desktop or laptop, or even smartphone and tablet through Bluetooth connection.
- Also Lightweight and Portable and has a built-in rechargeable battery
- Has a Larger screen
- Comes with more storage space compared toLedger Nano S
- It supports most blockchains and wide range of (ERC-20) tokens
- Provides several languages for every customer
- It was designed by a famous company found in 2014 with great chip security
- Can be obtained at an affordable price
If you still have plans to stay at hodl” as some people call it, basically misspelt “hold” (which become famous as time passes) your ABBC Coin for some long time, you need to find ways to ensure it stays safe safe,
However Binance is the most safe cryptocurrency exchange, in the past few years there have been hacking incidents and funds were lost. Because of the design of the wallets in exchanges, they will be accessible always via the internet (“Hot Wallets” as they are called), therefore exposing certain aspects of weaknesses.
Thus safeguard your cryptos by putting them in “Cold Wallets”, where the wallet will only have access to the blockchain(or simply “go online”) when you send out funds,. This reduces the chances of being hacked. For example, use a paper wallet which is a type of free cold wallet. It can also be defined as an offline-produced pair of public and private address and that you write on a paper for keeping safely with you. But, it is not permanent and may be faced by certain risk.
Thus, Hardware wallet is therefore the best compared to cold wallets. Since they are usually USB-enabled devices that can hold the key information of your wallet in the safest manner. Also they are designed using military-level security and their firmware’s are continuously upgraded by their manufacturers and this makes them extra safe to use. For example, Ledger Nano S and Ledger Nano X and are most common hardware wallets, you can buy one at $50 to $100 depending on the specifications they have. I highly recommend these for holding your assets because these wallets are a worthy every penny according to my experience and opinion.
Frequently Asked Questions
Is it possible to buy ABBC Coin with cash?
The answer is No. Because there is no way you can directly buy ABBC Coin with cash. But, using marketplaces such as LocalBitcoins to first buy Bitcoin, and completethe rest of the steps by transferring your bitcoin to respective AltCoin exchanges.
How do I Buy Bitcoin from local sellers?
You can go to LocalBitcoins that is a peer-to-peer Bitcoin exchange. It is more of a marketplace where users can buy and sell Bitcoins to and from each other. Users, known as traders, make advertisements to show their price and the payment method they want used. Then buyers buy from the traders to buy from sellers in a particular nearby region on the platform. LocalBitcoins is after all a good place to go to buy Bitcoins when it is impossible for you to find your favorite payment methods somewhere else. The site’s prices are high and you have you have to be extra careful to avoid conmen.
What are the quickest ways I can buy ABBC Coin while living in Europe?
While in Europe you have the advantage of buying cryptos in an easy and quick way. Because Europe has even online banks which help buyers to simply open an account and transfer money to exchanges such as Coinbase and Coinmama. Such banks which are common as online banks in Europe are Bunq, N26 and Revolut.
Can I use alternative platforms to purchase ABBC Coin or Bitcoin with credit cards?
Yes you can, you just need to visit Changelly which an easy to trade in site especially when it comes to buying Bitcoin with credit cards. It provides an automatic cryptocurrency exchange that gives a buyer the opportunity to exchange crypto fast and buy them using credit card. It has been designed to allow users to have easy crypto buying since it has a simple user interface and provides instructions that are easy to follow too.
What Is ABBC Coin (ABBC)?
ABBC is a blockchain platform that enables secure payment transactions, helping to facilitate retail adoption of cryptocurrencies and make shopping online with digital assets a safer, more enjoyable experience for end-users.
The platform offers three main products: a multi-platform wallet capable of supporting Bitcoin (BTC) and Ethereum (ETH), in addition to a variety of other native cryptocurrencies and ERC-20 tokens; an online shopping application that can be used to shop at over 50 online retailers with cryptocurrencies; and a cryptocurrency exchange platform that offers secure trading and low transaction fees.
The ABBC Coin was created to give holders the ability to govern the development of the ABBC platform by delegating voting power to chosen block producers (BPs) — who are then able to vote on governance proposals. These governance proposals can be on a range of topics but might include launching strategic partnerships, implementing new features or expanding ABBC’s services to new regions. Beyond this, ABBC Coins were created as a reward system for online shoppers and can be staked for regular rewards.
ABBC is currently based on the EOSIO blockchain, which enables it to achieve up to 5,000 transactions per second (TPS) while remaining environmentally friendly due to its energy-efficient delegated proof-of-stake (DPoS) consensus mechanism.
ABBC Coin was initially known as Alibabacoin but changed its name in March 2019 following a dispute with Chinese multinational e-commerce giant Alibaba.
Who Are the Founders of ABBC Coin (ABBC)?
ABBC coin was co-founded by Jason Daniel Paul Philip, the platform’s current CEO, in combination with Hasan Abbas, its current CTO.
Arben Kane is ABBC’s global chief strategy officer and also both founder and CEO of Kontur, a global provider of SaaS-based critical event management solutions. G.W Lee is the CSO of ABBC Coin and Zeeshan Javeed leads the ABBC foundation technological development and solutions.
The entire team of ABBC has 23 members in its blockchain developer team, 15 individuals in its marketing team, four in its blockchain security team and three in its finance team.
What Makes ABBC Coin (ABBC) Unique?
The main mission of ABBC is to facilitate fast, efficient and secure online retail through the utilization of blockchain technology. Small to medium-size marketplaces can greatly benefit from the reduction in the payment processing fees and access to additional global markets offered by ABBC Coin, according to their team.
Although ABBC started out as a fork of Bitcoin (BTC), it transitioned to the EOSIO blockchain in August 2019. The central benefit of the EOSIO software is that the amount of bandwidth available is independent of the token price, making it suitable for scaling platforms like ABBC Coin.
Moreover, ABBC is focused on achieving full decentralization through community governance. In addition to the current team, holders of the ABBC Coin token have voting power which can be delegated so others can vote on their behalf. Block producers (BP) can vote on ABBC’s governance proposals, helping to shape the development and future of ABBC Coin.
Check out PumaPay (PMA), a popular crypto payment solution for merchants.
Take a look at EOS, the native asset to the EOSIO blockchain.
Get up to speed with popular crypto terms with the CoinMarketCap Crypto Glossary.
Read the latest market trends and insights at the CoinMarketCap Blog.
How Many ABBC Coins (ABBC) Are There in Circulation?
ABBC Coin has its total supply set at a maximum of 1,423,973,934 ABBC. As of writing, just under half of this is currently in circulation.
Unlike many blockchain projects, ABBC Coin has a relatively simple token distribution schedule, with 80% of tokens created during the token generation event (TGE) allocated to investors and 20% to the project authors and team. The exact information about how these tokens will be distributed, or under which conditions they will be used by the ABBC Foundation and team has not been made publicly available as of November 2020.
The project conducted an initial coin offering (ICO) in 2018, raising ~$3.5 million by selling ABBC Coins at a price of 0.00025 BTC per token—equivalent to roughly $1.60 each at the time of the sale.
How is the ABBC Coin (ABBC) Network Secured?
ABBC Coin was initially forked from Bitcoin, but later transitioned to the EOSIO blockchain. As a result, it now utilizes the EOSIO DPoS consensus algorithm to secure its network. This algorithm can validate transactions faster and more efficiently than its original proof-of-work (POW) consensus algorithm and also benefits from stake-weighted voting capabilities, enabling community-driven development and growth for ABBC Coin.
With ABBC Coin, any token holder can vote for block producers (BPs) who are tasked with achieving consensus with other BPs, helping to ensure the network remains secure and that only valid transactions are confirmed. By allowing the community to vote to add, change or remove block producers, ABBC gives token holders the opportunity to empower entities they believe will work in the best interests of the network.
Where Can You Buy ABBC Coin (ABBC)?
ABBC has been publicly trading since 2018 and is now listed on a wide variety of exchange platforms, including BitMax, Bithumb and Hotbit. As it stands, ABBC is only available to trade against Bitcoin (BTC), Ethereum (ETH) and Tether (USDT) — there are currently no fiat trading pairs available for ABBC Coin.
To purchase other cryptocurrencies with your debit or credit card, check out our simple guide — here.