Quick Overview
Abucoins went live in 2017 out of Poznań. For a while, it was the go-to for local traders who wanted low costs and fiat access. Maker fees? Zero. Taker fees? About 0.1 %. You could trade BTC, ETH, LTC, DASH, ZEC against PLN, EUR, and USD. The interface was clean, nothing flashy, and it loaded fast.
How It Operated
Opening an account was quick. You could start with small trades without verification or go through KYC for higher limits and fiat transfers. Deposits in zloty, euros, and dollars were accepted. Crypto deposits cleared after one network confirmation.
The trading view was straightforward. Simple order books, TradingView charts, and basic order types. Market and limit were enough for the user base it had. Security features were in place - 2FA, SSL, claims of cold storage. Fiat withdrawals were processed through local banks, while crypto withdrawals had flat low fees.
Platform Specifications
| Category | Details |
|---|---|
| Country | Poland |
| Launch Year | 2017 |
| Trading Pairs | BTC, ETH, LTC, DASH, ZEC with PLN, EUR, USD |
| Maker Fee | 0 % |
| Taker Fee | ~0.1 % |
| Fiat Support | PLN, EUR, USD |
| Security | 2FA, SSL, cold storage claims |
| Status | Inactive |
The Experience
The site felt light. Navigation was simple, menus clear, and nothing was buried. Both a beginner and a seasoned trader could figure it out in minutes. The fiat gateway was the big win for locals - no high conversion costs, no long waits.
Charts loaded without lag, orders executed without fuss. On mobile, it was just as functional. The absence of loud banners and promo spam made it look serious. It was built to trade, not to distract.
Market Role
Back then, Poland didn’t have many crypto-to-fiat exchanges. Abucoins filled that gap well. It couldn’t compete globally, but it didn’t have to. Its niche was local traders who wanted low fees and bank transfers in their own currency.
But markets move fast. As bigger exchanges started offering more coins, better liquidity, and global reach, Abucoins began to fade. The pairs got quieter, spreads widened, and volume dropped. Soon, it was just a ghost market.
Strengths and Weaknesses
- Zero maker fees
- Low taker fees
- Local fiat support (PLN, EUR, USD)
- Clear, fast interface
- Quick processing for deposits and withdrawals
- No longer operational
- Limited asset range
- Liquidity problems toward the end
- No closure statement or fund transparency
Final Word
Abucoins is part of a long list of regional exchanges that appeared strong but couldn’t keep up. For a few years, it delivered exactly what it promised - low fees, local currency, smooth trading.
In the end, it wasn’t enough. Without fresh listings, marketing, or deeper liquidity, the platform stalled. Now it stands as a closed chapter in Poland’s crypto history.