VCC Exchange Review
Trading has been part of human history since when man was created. Humans survived by trading what they have at the rate of a certain value with another. This process was known as trade by barter. It was said that the first known form of currency emerged nearly 5,000 years ago. No one knows for sure when humans started using money, but history believes there was a form of exchange between men from the beginning. Money moves from several stages: commodity money, metallic money, plastic money, credit money up to paper money. The definition of money prescribes that money doesn’t have a particular value i.e. it is not fixed. It can be anything with a certain amount of value that can be used for an exchange.
As the world changes from analog to digital, there are also dynamic changes in currency from forms such as metallic and paper to digitalized forms. In this 21st century, the advent of the Internet makes the financial market accessible to all (humans) in the form of digitalized currency. There are many financial markets in which an investor or a buyer can decide to invest: the stock market, bond market, commodities market, and derivatives market. The functions of the financial markets are to provide an easy way of transaction for the investors, provide capital for the investors, help the economy of a nation, and provide jobs.
There is a need to trade through an exchange medium known as a brokerage, where the investors can invest in the global financial market with reasonable conditions and tools to be used provided by the broker. This leads to the question: what is the brokerage, and who is a broker? A brokerage is an organization, a business platform, or a firm that gives investors, buyers or sellers, access to the financial market for trading. While a broker stands as an intermediary or a mediator between a buyer and a seller, it is an agent that is involved in all transactions. Who expects that trading will be so easy as sitting down in your room and trading the world currency on the internet? Global trading has become accessible, such that you can hold a position on any digitalized currency.
In the aspect of cryptocurrency, Bitcoin has been the ruling currency in the financial market so far, followed by the rise of other currencies such as Etherium, Doge, BNB, XRP, and so on. These days, if you have a certain amount of cryptocurrency, you are a millionaire. This has turned so many traders into rich people. That is why there is a spike increase in the number of traders that want to trade in the financial market. For a trader to participate in the financial market, it needs to go through an exchange medium: the brokerage. Though there are many brokerage or exchange platforms through which a trader can trade, not all of them are real, up to standard, recognized, or provide conditions that favor or suit the investor, the level of market knowledge, risk tolerance, and trustworthiness. Some brokerage scam people, some can be hacked by hackers due to their security level, and most brokerages give conditions that are to their profit at the risk of their investors’ capital.
Therefore, how do we know the brokerage to use? Firstly, a brokerage should be internationally certified in trading in the financial market. Before a business or a firm can say they can trade in the international market, there would have been some requirements they have provided to the commission assigned to that aspect.
Also, how do we know the particular type of brokerage that fits our investment?
There are three major types of brokerages you should know of. They are Full-service brokerage, Discount Brokerage, and Robo advisors. Different brokerages give different conditions to their investors per their setup. For different brokerages, there are different trading options. Some brokerages or exchange mediums deal only with commodities, indices, or cryptocurrency while others deal in all aspects. So, you need to know the aspect of the trade you want to invest your capital into.
Next, what should you know before you trade? Although as a new investor or trader, you will be shown the terms and conditions of the firm, most people don’t consider reading it or taking it seriously. This, in the end, comes back to hurt these people. Whatever the firm or business has in stock for its traders or investors is embedded in the terms and conditions of trading on that brokerage platform. Most people don’t know that any capital invested is not refundable; this is why you have to study carefully before you choose the exchange platform you want to use. There is an uprising exchanging platform in the financial market called VCC Exchange. There will be an explicit review on this platform that will give you full insight into the features of the platform and the conditions and activities the platform engages in. Then you will be able to decide if it is the right platform for you to invest your capital.
|Trading platform||Web-based and Mobile App|
|Trading option||Cryptocurrency and Blockchain|
|Security||KYC (Know your customer) policy, Secure Socket Layer (SSL) encryption,|
|Eligibility||At least 13 years old|
What is VCC Exchange?
VCC Exchange has a spot and centralized system. It is one of the fast-growing exchange platforms that were launched on May 19, 2019, for cryptocurrency exchange. It was established for trading and transaction of cryptocurrency exchange focusing on blockchain. It has been developing, expanding, and gaining recognition, from where it was located in Singapore and Vietnam, to the world. This improvement is due to the proficient analyst, who has understanding and knowledge in the blockchain, technology, and start-up fields of the financial market in charge of the platform. The goal is to deliver a core competency that is heavily geared towards technology and user experience.
VCC Exchange aims to provide an easy, credible, and transparent exchange, which users can trust and use for the long run; the platform is not for short-time usage. As the platform grows further, it will not just be limited to trading, but will also move into blockchain start-up crowdfunding which includes IEO and incubation programs.
What is special about VCC Exchange?
At this platform, investors will be connected to the liquidity pool and security infrastructure of Bittrex. The investors will be able to enjoy safe transactions and trading on the platform.
The mobile app: also supports all devices and contains multiple languages which offer a seamless user experience. You can access the trading platform through the app on your mobile phone either by downloading it on Google Play or IOS.
The Trading Volume: VCC’s platform is still increasing its trading to keep its users in the business. VCC’s platform has deployed on 5+ exchanges and has been serving millions of users worldwide.
WHAT ARE THE FEATURES OF VCC EXCHANGE?
VCC Exchange is one of the world’s leading exchanging platforms as it gives credible and transparent exchange for the users and proven trustworthiness.
Straight to the point, we will now explore the key features of the VCC Exchange.
- It allows sharing Bittrex liquidity pool
VCC Exchange allows its users to trade with other people on VCC Exchange and users on other platforms. This helps to significantly boost VCC Exchange’s real trading volume (with no bot) to millions of dollars per day because of the sharing of liquidity pool with Bittrex and other exchanges.
- Presence of popular tokens that is unavailable on other exchanging platform
The presence of these famous token which top exchanges don’t have makes more users want to invest in VCC Exchange. These tokens are BCH-SV, EMC2. DGX, FCT, SPND, and EMC2. VCC Exchange has listed more quality coins and tokens in three markets: USDT, ETH, and BTC.
- High paying referral program
VCC Exchange offers a commission of 20% for referrals in BTC, USDT and ETH while the referral commission for VND is 50%.
MERITS OF TRADING ON THE VCC EXCHANGE
This section gives the gifts and rewards you can get when you open an account with VCC Exchange. The benefits are listed below:
- Transparent Information for its users
Another wonderful feature of VCC Exchange is transparency with its users. The users are informed of any development that is or will be going on ahead of time to maintain the trust they have in the platform. VCC Exchange as a trading platform discusses the potential of the blockchain industry and how it should be managed.
- Tributes programs, airdrops, and competition for young and old users
Another feature of VCC Exchange that will surprise you is the tribute programs to the loyal customers, airdrop for new and exisitng users, and high paying which you cannot find or see on any other exchanging platforms. Now, do you see why the VCC Exchange platform is growing steadily?
- VCC Exchange Mobile App for Android and iPhone
You can find the VCC Exchange platform app either on Google Play for Android or IOS for iPhone. The app is easy to operate and navigate by old and new users, and it brings the user a seamless trading experience.
- Multi-channel and Support 24/7
The VCC Exchange platform provides 24/7 customer support for its users via top-notch social media such as WhatsApp, Telegram, Twitter and also through their support website page in both English and Vietnamese language, unlike many other exchange platforms which take days or months to respond to their clients and solve their problems.
- A good relationship with the users
Unlike other exchange platforms, VCC Exchange maintains a good relationship with its users. Also, VCC Exchange has a lot of strategic partners that are well-known blockchain projects that are popular both domestically and internationally like, Pundi X and Kyber Network. VCC is also invested in Signum Capital and so on.
- Training program
If you are wondering what makes VCC Exchange a good platform, this is it: VCC Exchange provides training for users and people who show interest in knowing about market analysis, technical analysis. This helps users to understand the market and the meaning behind the charts.
- Security Protocols
In this present world of globalization, all information has been turned into data and is stored either in the cloud or drive. If you think your document, information or secrets are safe and you are relaxed, I am sorry to tell you that you are at the edge of losing everything you’ve worked so hard for. There are scammers, hackers, and errors in software, known as viruses, that can make you lose your data within a twinkle of an eye. This is why firms or industries work more on protecting their system more than any other thing.
The following are the security tips of the VCC Exchange platform that ensures that the user’s investment or account is safe:
Your password for the account should not be disclosed to any other person. The password has to be strong; it must not be easily guessed.
No phone number is direct to someone or anyone claiming to be the VCC support.
The VCC account number is on the website. It is not expected of you to send any money to anyone claiming to be a member of the VCC.
When opening your account, enable the part which says Google Two Factor Authentication.
How to secure your trading account
Make sure to use a unique email and password
Click on enable 2FA on your VCC Exchanger account
Visit the website direct link www.vcc.exchange
Use a secure internet connection
Have a working antivirus on your system
Remember to enable your Anti-Phishing Code
VCC Trading Volume
Currently, the VCC Exchange has up to 131 enlisted coins and 265 pairs with a trading volume per day which is approximately 17.72 Billion USD due to the 408 markets they have right now.
VCC EXCHANGE FEE
VCC Exchange Trading Fee: interestingly, the VCC does not charge the takers or the makers. It only charges something called a flat fee of 0.20% which is in line with the global industry average of 0.25%.
VCC Withdrawal Fee: surprisingly, VCC gives its users a fee of 0.0002 BTC per BTC-withdrawal which is very below the global industry average of 0.0006.
FEW ISSUES ABOUT VCC EXCHANGE
As good and transparent as VCC Exchange is, there was a time when bad rumors were circulating concerning the platform.
There was a misunderstanding in the transaction of BTC, which led to the rumors that the platform is a scam. The issue was resolved later by the administration of the platform.
There is another issue with the VCC Exchange app not working properly on a mobile phone. Problems like login issues, the app refusing to load, the app showing a black and white screen, the app notification not working properly, and other issues frequently occur while using the mobile app.
There are failures in notifying the user of the platform app during system maintenance, which also takes a lot of time.
Also, there was a problem with the token but the administration responded to the issue.
These are the few known issues with the platform. You can say that the VCC Exchange is not a scam if you consider its transparency and customer relationship.
Is the VCC Exchange Platform safe?
VCC Exchange Platform is not a scam although there has been a presence of issues and rumors; they were all resolved. Therefore, the platform is safe for usage.
VCC Exchange rating on Google Play
Apps are rated by the users through the platform on which they download them. A typical example is Google play which allows the users to rate each app and give feedback to the developer through the star; this is known as Star Rating. The rating of the app is 4.0 with 517 reviews. This is a good rating for an app that works perfectly well.
VCC Exchange was launched in Singapore on May 19, 2019, with operations in Vietnam. It was established for trading and transaction of cryptocurrency exchange focusing on blockchain. It was developed by an analyst who knows the blockchain, technology, and start-up fields of the financial market in charge of the platform. It has become one of the leading and fast-growing cryptocurrency trading platforms, growing into blockchain start-up crowdfunding.
It has many features which make it the best choice for users. It offers a liquidity pool with Bittrex, popular tokens, transparency, and so on. It provides a credible exchange that users can trust and use in the long run.
Conclusion on VCC Exchange Platform
In the competitive exchange platform, when counting the best exchange platforms, VCC Exchange is surely among them, due to its offers for its users, the continuous listing of new coins and pairs, and the movement from crypto exchange to blockchain tech. VCC has proved to be the best.