ABBC Coin is a cryptocurrency created by ABBC Foundation. Deeply integrated into the system to ensure maximum trade flow, ABBC operates in a powerful platform with its own trading system, a multi-crypto wallet and a full blockchain technology service. The company’s blockchain technology is built with complete security for distribution, finance, and shopping purposes.
ABBC can be purchased and sold through different major exchanges in the crypto-market and with the introduction of an enhanced version of the Multi Crypto wallet , users can store their public and private keys, monitor their balance, send money, and conduct other financial transactions.
This beginner’s guide aims to show you a quick overview about ABBC’s trading process and usage. Also, we will provide you tips on how to protect your ABBC coin and other cryptos from issues like phishing, hacking, and fraud.
Follow these simple steps to buy ABBC from an exchange.
Picking an exchange is a good strategy for reaping the benefits of the crypto industry. To be able to start purchasing or selling cryptocurrencies, you should register an account to its affiliated crypto exchanges. Each exchange will require you to undergo different ID verification steps upon registration. Also note that the purchase limits, processing times, and transaction fees differ per exchange. Here are the exchanges where ABBC is listed and could be traded on:
After choosing which exchange you want to trade on, you can then proceed to the registration process. You can do this directly on the exchange website or through the exchange’s app (if they have) which could be downloaded either on Google Play Store or Apple Store. Signup will often involve providing personal information like your name, mobile number, email-address, and a copy of valid ID. Depending on your country of residence, exchanges are required by law to collect these details for account verification.
You can use bank transfers, credit cards, debit cards, or bank wires to fund your account. A new user is not required to have an existing balance to purchase the ABBC coin on the cryptocurrency exchange. You can pay the fees using fiat currency either through bank card or a payment service, and the platform will automatically buy ABBC Coin with this money.
ABBC’s price changes all the time, so the amount you get for each US Dollar, Bitcoin, Ether, or Tether varies. Once you are done purchasing your ABBC coin, you are now officially part of the ABBC community!
To start using any type of cryptocurrency, you first need a crypto wallet. This digital wallet stores the user’s private and public keys, which allows for sending and receiving coins.
Some crypto exchanges have their own decentralized wallets but experts highly suggest not to keep your cryptos there for long-term trading. It is advisable instead to opt for a more private and secure storage where you hold your own private key. Only then can you confidently say that you have ownership of your coins.
With ABBC, you can register and benefit from its heavily-encrypted and enhanced Multi-Crypto (MC) Wallet. Follow the simple steps below in creating a MC Wallet:
Smartphone users with Android 4.1 version and up can install the ABBC MC Wallet through the Google Play Store while iOS users can download it through the Apple Store.
Upon registration, you need to fill up the form and provide your personal details (name, email address, mobile number, and password). After that, you can proceed in setting your PIN code or password, scanning your fingerprint, and enabling the facial recognition technology.
After you complete the registration, users need to click the Email Verification link sent in their inbox. As an additional layer of security, you should also accomplish the two-way authentication or 2FA by using the Google Authenticator which would provide your time-based One-Time-Password (OTP).
These steps are done to fully verify a user’s identity before granting them access to the MC Wallet.
After verification, you can now log-in with your registered account details and start sending and receiving ABBC by scanning a QR code or by entering the ABBC MC Wallet address manually. Always make sure to carefully check transaction details for typographical errors before confirming.
TIP: Before you add any funds, log out and back into your wallet to ensure everything works. If you can log in and see the wallet dashboard, you’re all set!
The ABBC MC Wallet currently accepts the following cryptocurrencies:
For more information, visit our MC Wallet page or view our video guide on YouTube.
Once you have created your MC Wallet account, you can now start trading, sending, and/or receiving ABBC coin, alongside other cryptocurrencies.
ABBC users can easily transfer crypto-currency from one wallet to another using their wallet address and secret key. The most important part of your MC wallet is your address. You use the address for sending and receiving coins. Almost all cryptocurrency addresses look similar to this: 1KDCn2XLVu3xNyr4ox56yjLw7kvKM8bADM.
Think of this as your bank account number. These strings could also be represented via QR-codes which are widely used in the mobile wallets for better convenience.
In general, the process for sending ABBC Coin is quite easy.
Accepting ABBC is as simple as showing your wallet’s QR Code to the buyer and allowing them to scan it with their Smartphone. The instant the payment is made, a notification will appear on the recipient’s phone, confirming the transaction has been made.
If you are logged in on your MC Wallet account, you can see that the wallet dashboard displays the current market value of cryptos and their 24h standing. The total balance you have in your desired currency conversion is also shown.
MC Wallet transactions have their unique transaction IDs and cannot be reversed. For each transaction, users have to pay a small fee. The fee could range from under 1 cent up to sometimes a couple of dollars, and it gets automatically subtracted from your balance.
Here are ABBC’s trading pairs, as of writing:
ABBC Coin will be used to purchase goods from different e-commerce businesses. Aladdin25 is an online shopping mall project of ABBC Foundation that is still under development. This is the main platform where consumers can pay using ABBC Coins. If you are an ABBC holder, you can also buy other major online shopping mall products that provide a crypto-payment option.
ABBC aims to be a more efficient, cheap and transparent way of online shopping. Through Aladdin25 and other partners, users will receive reward points according to the total spending on their purchases. These reward points can be accumulated to exchange for selected products on our platform.
Being involved in the digital landscape may seem exciting and overwhelming but to successfully do crypto-trading and other transactions, a user should be responsible enough. You have to take precautionary measures with the different risks you can encounter like hacking, phishing, and scamming of coins and personal data.
Here are some tips on how to secure your ABBC coin:
Users can generate ABBC through the process of mining.
For the newbies, every time a transaction or a transfer of ABBC from one wallet to another happens, it adds up as a new block in the ABBC block chain. The MC wallet keeps a secret piece of data called a private key, which is used to sign transactions. This signature prevents the transaction from being altered by anybody once it has been submitted. All transactions are broadcasted to the network and usually begin to be confirmed within 10-20 minutes, through a process called mining.
Think of mining as a digital form of lottery where different computers are used to confirm pending transactions by responding to very strict cryptography. Whichever solves the puzzle first receives ABBC coins as a form of incentive. Upon verification in the network, the transactions are now part of the blockchain system. Once this is done, the transactions cannot be modified, deleted, or invalidated.
*** After extracting ABBCCoin.conf file, move to C:\Users\Username\AppData\Roaming\ABBCCoin.
(You are required to enable (tick) show hidden items from View on toolbar)
Please note that mining is only available if you have balance in the MC Wallet.
If you came across errors in the mining software, delete all the files excluding ABBCCoin.conf & waller.dat in C:\Users\Username\AppData\Roaming\ABBCCoin and reboot the software.