I remember at the beginning of 2017, it was very difficult to find a reputable exchange, back then we Vietnamese often used to come to btc-e.com (now she is already worshiped on the altar). After a while the only option was available Poloniex and Bittrex. Back then, those exchanges were the only choice if you were passionate about it Bitcoin!
In 2019, the trend has changed when there are hundreds of large and small exchanges, so we are in a position to have too many exchanges and we know which one to choose? Everyday, CHK receive questions from customers asking which floors are okay, are having ABC problems and how to solve them, until now, although knowledge of investors has increased a lot, those questions still remain. so many, so much
The reason for the above reason is because we are Vietnamese investors, we are Vietnamese, our language ability is limited, so when we encounter problems, we do not know where to go, so today CHK will introduce For you as well as there are detailed reviews of an exchange that can solve the above problem: VCC.EXCHANGE
What is VCC EXCHANGE
VCC Exchange was cryptocurrency exchange is headquartered in Singapore and also in Vietnam, operating in the blockchain field. Currently, the exchange is supporting Crypto – Crypto trading with more than 104+ different coins / tokens. In the future, there will be more updates to other hot coin / token.
Because of understanding the problems that arise in the investment process that Vietnamese investors often encounter, VCC Exchange focuses on providing a complete, reliable, transparent trading platform, and using world-leading technology, so that people can really feel safe and confident to use.
With such a vision, VCC is not merely a transaction platform, but also its projects aim to support blockchain startups, including advisors, connections, and and other incubation programs. So should we choose this floor or not? Let’s evaluate its advantages and disadvantages first.
Advantages And Disadvantages Of VCC Exchange
- Support is Vietnamese: As mentioned above, there are many investors who do not know where to find help when having problems because of limited language ability. VCC overcomes this because they are a Vietnam based company, so you can directly call, email, contact in Vietnamese without any fuss, processing speed. Their problems are also very quick.
- Supports a lot more than 104+ different coins / tokens: all coins that are traded on Bittrex are present at VCC (because of the liquidity sharing policy with Bittrex). Therefore, there are many tokens that other exchanges do not have: BSV, LUNA, GRIN, MONA, SOLVE, OCN, SPND, … In the future, VCC will continue to add many HOT projects that have been and are on the exchange.
- 0% Transaction Fee: This will make professional traders love it because there is no fee for executing orders like other exchanges. However, the Transaction Fee will be refunded at the end of each month Instead of applying 0% always at the time of placing the order. It is necessary to do so to avoid wash trading (wash trading is the act of buying and selling at the same price many times continuously to take advantage of increasing the volume of coins). And of course wash trading accounts will not have the transaction fee refunded.
- Standard Vietnamese language, has a simple optimized interface, easy to use, in accordance with the style of traders Vietnam.
- There is APP on iOS and AndroidThis makes it convenient to execute commands while on the go without the need for a laptop.
- Development team VCC’s are well-known people in the industry, whose names and addresses are public, unlike other Vietnamese projects, so they are quite transparent (details about VCC’s Team will be introduced below). )
- Legal compliance clear and transparent. Having a clear company address in Vietnam.
- Invested by large funds such as Signum Capital, Axiom Associates. Signum Capital is the richest royal fund in Singapore, has invested in large projects in Vietnam with high profits such as Kyber Network, Tomochain (Tomo has just been announced to list Binance)
- Bittrex is a partner of VCC: You know, Bittrex is one of the most reputable and famous exchanges in the world and especially in America, so legal compliance is unlikely to be equal to Bittrex. So Bittrex can hardly pump or dump coins. But with the VCC this may happen because the VCC is not responsible for US management.
- Due to the concentration of the world market, few investors know it in Vietnam.
- Although Supporting many coin / tokens, it is not enough to meet the needs of Vietnamese investors.
- Not yet support VND.
As stated in the advantages section, now to give priority to the market, VCC is applying a 0% Transaction Fee policy. Please be quoted verbatim from VCC
“From 07:00 (Vietnam time GMT + 7) on August 21, 2019, VCC Exchange will apply the program TRADING FREE (0% transaction fee) for all trading pairs. Accordingly, in the system, a transaction fee of 0.25% will be applied for each matching buy / sell order. However, all of these fees will be refunded at the end of each month to the user accounts. ”
This is quite stimulating, isn’t it? In addition to transaction fees, there are also deposit and withdrawal fees, all of which are clear and transparent
- Deposit Fee: Free
- Withdrawal Fee: Depends on each coin
You can look up the details of the fees here
VCC EXCHANGE is it safe or not?
This may be the first question of many of you when asking questions related to the trading platform. Therefore, CHK pays special attention to this part, even me, when choosing an exchange, it is necessary to choose a unit with clear full address and legal status. So is VCC EXCHANGE safe or not?
The answer is yes, for the following reasons:
- Company address in Singapore and Vietnam, in full compliance with state regulations.
- VCC has had big events with big funds participating such as Golden Gate Ventures, Vina Capital, representatives of government agencies as well as news on VTV1, Vnexpress, and Cafebiz.
- There have not been any suspicions or scams involved.
VCC EXCHANGE Development Team
Besides, CHK also had a small exchange with Mr. Son – Head of Marketing of VCC EXCHANGE to clarify the vision as well as upcoming plans and strategies.
VCC EXCHANGE is an exchange that has been established for a long time, but has few activities in Vietnam, so what is the reason?
Recently, VCC Exchange did not want to do much Marketing in Vietnam because our main direction is to go global. If we use the image of “Vietnamese floor” for marketing, many Vietnamese people will be hesitant, even if there are certain favors for the Vietnamese community. Right now, everything (number of tokens, volume, security, etc.) is of an international standard, so we want to market in a way that focuses more on products – product marketing instead of brand marketing. (brand marketing). However, in the coming time, VCC Exchange will focus more on the Vietnamese market when Q4 / 2019 will launch VND allowing investors to deposit – withdraw – trade in VND on VCC.
What is the number of users and investment in me right now?
The number of users on my side just launched in May has now reached 6 numbers. Regarding the trading volume, my side shares the volume with Bittrex 100% (similar to the Upbit – Bittrex relationship), so Bittrex users should completely switch to VCC Exchange for many reasons. In particular, the main reasons are: VCC Exchange is free of transactions, UI UX is better than Bittrex, has mobile apps on both iOS and Android, does not worry about locking your wallet suddenly, supporting Vietnam quickly, office and team. Founders in Vietnam are very clear and reputable.
What are my goals and plans for the end of 2019?
The year-end goal of VCC Exchange is to become one of the options for all Vietnamese traders. The “choice” here is not to make everyone deposit into VCC Exchange, but to make everyone aware that VCC Exchange is a very good Vietnamese crypto exchange to use. In the coming time, we will develop IEO and fiat (cash transactions – VND). In my opinion, if the product is not good, it would be better not to launch, this means: if the exchange lacks a pair of coins or a small volume, we will not promote, the IEO is not profitable for investors. We will not want to do it, if the fees are too high or inconvenient, we would rather not develop. Hope everyone can join VCC Exchange for win-win cooperation in this market.
Thank you for participating in the interview, and wish you and VCC always healthy and developed.
Guide to Register and use VCC EXCHANGE
B1: you guys go to this link: https://CHK.com/go/vccexchange
B2: In the top right corner, you select Vietnamese language for easy operation
B3: Click the box Register, you fill in the email information, phone number and password, agree to the condition, then press register
VCC will send a verification email, you just need to enter the email to verify that you already have an account on the trading floor VCC EXCHANGE
What I want you to do first is that you have to enable 2FA (Google Authenticator) for your account to avoid unnecessary consequences, the activation is very easy. Here you go: https://www.vcc.exchange/account
Press the activation button, an instruction panel will appear, you just need to follow the instructions to successfully activate and secure the most safety for your account.
To verify your identity, go to this link: https://www.vcc.exchange/account/identityPersonal
You fill in your personal information, exactly on your ID card, then prepare the front, back, and selfie photo of your ID card and send it to VCC, the team will verify for the account. your account in 24 hours, also very fast.
Coin Deposit / Withdrawal
Deposit / withdraw coin is very simple, you choose Fund >> Deposit Coin / Withdraw Coin. Select Coin to deposit / withdraw and finish.
You see, the design is optimized, very similar to the side Binance, so those who have been using the Binance exchange are very easy to use here.
Thus, in a time when there are too many exchanges, in addition to large crypto exchanges like Huobi, Binance, Kucoin, Okex,… Well VCC.EXCHANGE It is also a remarkable choice, from the above assessment, I believe that VCC.EXCHANGE will continue to develop into a powerful trading platform in the near future and be a Vietnamese product reaching out by Vietnamese people. Global. I wish you every success
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