Currently, there are many trading platforms on the market to serve the needs of cryptocurrency trading, but they all share a common disadvantage: they do not support Vietnamese language, making them quite difficult to use. Today, we will introduce you to a trading platform that will solve this problem and still ensure credibility and quality for your transactions: VCC Exchange. To learn more about VCC Exchange, including what it is? Its advantages and disadvantages, and how to register an account, please follow the article below.
What is VCC Exchange?
VCC Exchange is known as one of the platforms operating in the Blockchain industry with headquarters in Singapore and Vietnam. Currently, the platform supports trading more than 104 different coins and tokens, and this number will likely increase further in the future.
The operating principle of VCC Exchange is to become a comprehensive and reliable trading platform, utilizing the world’s leading technologies, providing customers with the best service quality.
Assessing the pros and cons of VCC Exchange
Advantages
- Vietnamese support: This is a significant advantage for Vietnamese traders because such platforms typically do not have Vietnamese-speaking support staff. Investors usually have to rely on Google Translate, which may not be precise. Thanks to this feature, if you encounter any difficulties while using it, you can contact and receive proper assistance.
- Supports hundreds of coins and tokens: All Coins listed on Bittrex are available on VCC, and it also lists coins that other platforms either do not have or have very few of.
- Supports a variety of coins and tokens: All coins available on Bittrex can be traded on VCC. The platform supports many tokens that you might not find on other platforms, and they are actively updating new cryptocurrencies or trending cryptocurrencies.
- Free trading: This is another advantage of VCC Exchange. Not charging a trading fee is very popular among traders because many current platforms charge quite high fees. VCC Exchange’s fee incentive is to refund it at the end of the month.
- Supports installation on IOS and Android: This provides convenience when using, as using a phone is always more portable and compact than a laptop.
- Trustworthy reputation: The development team members are knowledgeable and well-known in the industry. Information about each member is publicly disclosed and detailed. VCC investors also include large corporations and enterprises such as Signum Capital (the largest investment fund in Singapore) or Axiom Associates.
- Partnered strategically with Bittrex. Bittrex is renowned as the most popular trading platform in the US. This is because Bittrex strictly complies with US regulations on cryptocurrency trading, making pump & dump phenomena very unlikely on this platform.
Disadvantages
- Somewhat unfamiliar to Vietnamese investors: Previously, VCC targeted customers from other countries, so the platform’s reputation is still relatively new in Vietnam.
- Diverse coins but not the types commonly used by Vietnamese investors.
Does VCC platform scam?
Of course, safety is the top criterion when choosing a trading platform, and this is an unavoidable question for investors when researching VCC. So, we hope this article will help you find an answer.
- The platform’s headquarters are located in Singapore and Vietnam, holding all necessary legal licenses according to current regulations.
- Representatives of VCC have appeared at major events with the participation of reputable agencies such as Vinacapital, Golden Gate Ventures…
- There have been no reported or related incidents of scams involving VCC.
Therefore, the final conclusion is that you can fully trust the credibility and safety of VCC Exchange.
Trading fees, deposit and withdrawal of VCC
- Deposit fee: VCC charges no fee when users deposit money into their accounts.
- Withdrawal fee: The amount depends on the coin or token you are withdrawing and whether the blockchain network is stable or unstable.
- Trading fee: is generally 0.25%
- If you place a buy or sell order, the refunded amount is calculated by subtracting the fee from the order amount you set.
- Note: Trading fees depend on the type of asset being traded: if it is a VND/BTC pair, the fee is calculated in VND; if it is a BTC/ETH pair, in BTC; and other pairs are calculated similarly.
How to create a VCC account
Register an account
After accessing the VCC platform and clicking on “Register now,” you will see an interface to enter registration information including email, setting a password (a string of 6 to 20 characters including lowercase, uppercase, and numbers), completing the captcha, then clicking “Register”.
The server will send you an email to validate. Log in to your email, open the email, and click on the validation link to successfully register your trading account.
User verification
After registering, you can change the language to Vietnamese for easier use by clicking the icon at the top right corner and selecting Vietnamese.
To verify your account, simply log in, select “Identity Verification,” and provide full personal information matching your ID card. Then upload photos of the front and back of your ID card, and a selfie holding the ID to confirm ownership.
It is important to note that the system will reject accounts suspected of fraud, as the platform uses advanced verification technologies. If your account is rejected more than twice, it cannot be verified anymore, and you must contact the platform if you wish to continue.
Conclusion
This article has provided you with the basic knowledge about VCC Exchange, including what VCC Exchange is, its notable advantages and disadvantages, and how to set up a trading account on the platform. We hope this article has been helpful to your work.
See more: SnapEx Platform
