Review on Abra by Fanuel PORPORTY
Abra was founded in 2014 in a place where most innovative apps are born : Silicon Valley.
Abra gives you the freedom to invest in multiple cryptocurrencies and fiat currencies. If you are a non-US user, you will also have the ability to invest in stocks and ETFs.
Financial freedom is what many of us are after -- The ability to do what we want with our hard-earned money. A second feature is Abra’s ability to make sure that you hold the keys to your funds. You have complete control over your money. Whether your Abra wallet holds fiat from your local country or your Bitcoin, Litecoin, Bitcoin Cash, or Ethereum -- you will have the keys to it.
Pros
- Fees are low. Unlike other wallets, Abra does not charge when depositing with a bank account. The only fee is the spread which is a reasonable ~1%
- Supports 70 fiat currencies -- excellent news for people around the globe.
- Very user-friendly.
Cons
- As a U.S. resident, there will be limitations on your account. You won’t be able to invest in any stocks or ETFs. And even though you’ll have 100+ cryptocurrencies to choose from -- that’s still half of the 200+ available to people outside the U.S.
- The fee is 4% with a min. of $10 for anyone who wishes to purchase cryptocurrencies with their VISA or Mastercard. So if you’re buying less than $250 with your credit card, the fees can be tough to swallow.
