Review on Abra by Temitope Babatunde
Abra, Wallet and Exchange At Your Disposal
Abra is a wallet but at same time functioning as an exchange where one can easily exchange his cryptos for fiat currency or vise versa. There are also some number of cryptocurrencies which you can change for each other. This wallet was developed by Bill Barhydt and Kete Kelly in 2014 with its headquarters in Silicon Valley USA and also in the Manila in the Philippines.
With Abra you can invest into both cryptos and the traditional assets market like stocks, ETT etc . It supports about 30 different cryptocurrencies and up to 50 fiat currencies
Making transfers of fiat cash between 2 Abra wallet users is free but if it is cryptos that you're transferring you will be required to pay for network fee. Anyone base in the Philippines can use Abra Teller network to make cash transfers.
Any information store on the wallet is encrypted for security of its clients data. It has various forms of verifications to ensure that using the app doesn't expose one to lost. It uses synapse Fi software provider to connect to the FDK insured to ensure safety of funds with banks.
Abra customersssupport service can be reached using various avenues like talking to them through live chat button on their website, or writing them through email etc.
If someone decided to use Abra it will be good to check their website to know if the service is available in one's country.
Pros
- It has good measure of security because it doesn't hold your seed phrase as a non custodial wallet.
- Depositing and withdrawing of cryptocurrencies assets are free you only paid for network fee.
- You can deposit fiat currency into your wallet with easiness using Visa card, mastercard etc.
- There is mobile version of the application both on ios and Android there by making it easier to use at go.
- The Americans can use it.
Cons
- It is not available in all countries of the world.
- The fees for depositing fiat may appear exorbitant.
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Comments (1)
August 23, 2020
Abra wallet that also has platform for exchange is among the best platform in the crypto world. If you are looking for the wallet that make transaction easy you can make good use of this wallet if it service is available in your country.
