How can I invest in a cryptocurrency?
You can invest in any of the cryptocurrencies Abra supports by first funding your wallet. Once you’ve deposited funds, you can exchange it for any of their cryptocurrencies. Please note, you will only receive exposure to the coin you invest in and not their forks, spoons, or any tokens distributed by holding that coin (e.g. holding Neo will not accumulate GAS). Users in the Philippines can deposit/withdraw funds via a teller.
What is the payment method?
Abra accepts Visa, Master Card, Amex, and Discover.
How long does a transaction take?
For all transactions, Abra utilizes notifications whenever a transaction is pending. You will receive a push notification (notifications must be enabled first) when the transaction has completed. You can also check on your transaction within the ‘Transaction History’ tab located in your ‘Main Menu’. When sending funds from one Abra wallet to another, Abra notifies recipients of their incoming amounts immediately. The funds will be accessible within an hour, and in most cases, within 10 minutes.nWhen sending bitcoin or litecoin, those funds tend to be accessible within 10-30 minutes depending on the network. The standard processing times for deposit and withdrawal transactions are listed below:
*For deposits via U.S. bank, 5-6 business days.
*For withdrawals via U.S. bank, 2-3 business days.
*For deposits via Philippines banks, 1-2 business days.
*For withdrawals via Philippines banks, 2-3 business days.
*For deposits and withdrawals via Abra Tellers, within 1 hour.
*Please note, ‘business days’ exclude holidays and weekends
Will you be supporting additional cryptocurrencies?
Yes. Their all-in-one app currently allows users to buy, sell and store 28 cryptocurrencies. Stay tuned for updates and announcements as we continue to add cryptocurrencies.
