Abra Introduces All-in-One Cryptocurrency Wallet and Exchange

Support 20 Cryptocurrencies and 50 Fiat Currencies in a Single App

Today, Abra announced support for 20 cryptocurrencies and 50 fiat currencies in a new version of our mobile app that includes a real-time exchange service across all 70 currencies. Users around the world can now buy, sell or store any of these 70 currencies within the Abra app and exchange between them at any time with no limitations. Abra is now the only all-in-one smartphone app in the world with these capabilities.

The new Abra app will be available today to all users globally with an initial 13 cryptocurrencies. The remaining 7 cryptocurrencies will be available to all Abra users in the coming days.

The initial list of cryptocurrencies to be supported starting today includes: Bitcoin, Ether, Litecoin, XRP, Bitcoin Cash, Ethereum Classic, Dash, Zcash, Dogecoin, Golem, OmiseGO, Qtum, and Vertcoin. In the coming days we will add support for: Stellar Lumens, Bitcoin Gold, DigiByte, Augur, Status, Stratis, and 0x.

Consumers can fund their wallet globally with bitcoin, via bank wires or ACH as well as supported American Express cards in the United States. Users depositing bitcoin do not have to provide any additional KYC details outside of their phone number. Users in the US wiring money or using their credit card will have to provide the requisite bank and KYC details to our bank partners. Abra will be adding native support for litecoin and ether deposits in the coming weeks.

There will be no transaction fees for exchanging between currencies, although Abra will make money on the exchange spread.

A brief word on the technology behind this new product. To develop the new wallet and integrated exchange, Abra has created a first of its kind stablecoin platform that facilitates holding both fiat coins as well as cryptocurrencies using a combination of litecoin and bitcoin-based contracts. For a technical overview of how the contracts work, check out our technology overview here.

Download the Abra app now to start investing in cryptocurrency!

Written by

Bill Barhydt

Bill is the founder and CEO of Abra.

ICO

892 days ago

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Robert Bint

1238 days ago

Thanks for sharing useful information. i appreciate your Content. i love your blog. Keep Sharing!

BobTheBuilder

1257 days ago

Why ABRA not adding Electroneum?

Juan

1321 days ago

What about listing WebDollar.io ?

Akeo

1325 days ago

Amazing! It seems to be a pretty good idea.

Chris

1329 days ago

Can I buy Tron directly without having to buy BTC and then exchange? I am looking to move to a wallet that can simplify that funding/buying process. Please advise.

Daniel McGlynn

1328 days ago

Chris,

Not yet. For now Tron is a synthetic asset on Abra. That means that you are able to get exposure to the price, but you can’t move TRX directly in and out of Abra. We are working on creating what we call native support for more cryptos, which would allow you to move assets quickly across different wallets. Please stay tuned for that. Thanks,

Bitcoin Casino

1353 days ago

I love reading an article that will make men and women think.
Also, thank you for allowing me to comment!

Be light

1399 days ago

Interesting project. Please take a look into privacy coins way, it will definitely take the big part of this market in the future. I recommend DeepOnion, ZenCash, Monero, ZCash.

Toan

1400 days ago

I can see some privacy coins in the app. Wow! It would be great if DeepOnion – an anonymous project appears on the list! I am very into it because it provides me full-fledge privacy protection.

Bizul

Any chance you can add DeepOnion? Their transactions are instant, private and at a very low 0.0001 fee. They have many blockchain innovations as well and an ambitious roadmap with unique features.

CryptoAlertz

What about considering DeepOnion (ONION) on Abra? I would really happy to see this coin.

Jhonny mar L

1442 days ago

Hi i live in Philippines,, i like this abra coins just envited tu, you

Nickalos

1468 days ago

Hello,
I love how you are implementing LiteCoin smart contracts in addition to the bitcoin for the swaps.

Will you be adding the send and receive option for lite coin?

Also when will you start implementing the LiteCoin smart contracts to its full extent? Unless the LiteCoin smart contracts are already in full effect?

Thanks,
Nickalos

Matt Taylor

Hi Nickalos,

1. We are very close to supporting direct litecoin deposits/withdrawals. we will keep you posted on future updates.
2. We have already started to implement LTC contracts and are gradually doing a rollout. No hard date yet on when it will be live for all users.

Crypto gecko

1469 days ago

Hi I live in Australia am I not able to use your app to store and buy crypto? Or can I fund it with BTC that I already have, you don’t seem to mention that, Im a bit confused? US and Philippines pretty limited.

You can directly fund the app by sending in BTC from an external wallet. Once you have funded your Abra wallet, you can invest in any cryptocurrency of fiat currency we list on our app.

Anita

1470 days ago

A friend and I are having a disagreement. He said that Abra does not update market cap and volume when we buy from Abra. He also said we are not buying the various cryptocurrencies.
I have downloaded the app, funded my account and traded. Love the app!

For example, when you buy Ether (ETH) on Abra, we use LTC and BTC contracts to represent the value of that Ether. So it’s not the actual Ether token you are holding in the Abra app. However, that contract will affect the market cap/volume of the Ethereum market. Hope this helps!

Andre

1475 days ago

I’m new to Cryptocurrency and would like to know would I be able to buy directly from inside the app ? Or is it only to keep track of my currencies?

1471 days ago

You can purchase cryptocurrency directly inside the app! If you have a bank account in the US or Philippines. Otherwise, you can fund your Abra wallet with BTC.

Rocel

1476 days ago

Hi im from Philippines hope you can add dragonpay or gcash when adding money so it would be instant. 2 days from banks seems a very long time and old ways since we are in online era.

Lars Brockmoeller

1490 days ago

Wir zeigen Ihnen persönlich vor Ort in unseren Geschäftsräumen, wie Sie Bitcoin, Ether, Litecoin, Ripple und andere Kryptowährungen kaufen. Wir bieten keine Anlageberatung oder Anlagevermittlung an, unsere Dienstleistung beschränkt sich auf technische Hilfestellung

Jimmy

1494 days ago

From what is on other pages here, the wallet can be funded with American Express Serve(prepaid cards). When selling BTC, can the funds(US$) be sent to American Express Serve cards as well?

1491 days ago

No just deposit. You cannot withdraw funds to the card.

CoryG

1495 days ago

is ABRA desktop compatible also for a MAC? I like the security of having a backup on my PC also.

1493 days ago

No we only have a mobile app, on both Android and iOS.

Heena Malik

1496 days ago

I appreciate your work on Blockchain. It’s such a wonderful read on Blockchain.Keep sharing stuffs like this. I am also educating people on similar technologies so if you are interested to know more you can watch this:-
https://www.youtube.com/watch?v=GoFK7Tlvk2w

Charlie Lee

1504 days ago

Can you look at adding Groestlcoin

daniel

1509 days ago

great job Abra team! Just to ask, can we directly transfer altcoins (i.e XRP) from external wallet (i.e. Toast) to Abra wallet, and vice-versa? Also, can you also look into Electroneum? Thanks.

Hi Daniel,

Currently, we do not offer native support for direct XRP deposits/withdrawals. You can transfer in BTC directly though, and if you live in the US or Philippines you can link a bank account and deposit/withdrawal via USD.

Raphael Laroco

1512 days ago

Can I send my money to the other digital currency exchange like (Kraken, Coinbase) ? If yes, How?

1511 days ago

Hi Raphael,

Currently, you can send in BTC only from external wallets and exchanges into Abra. We are working on native transfer functionality for the coins listed on Abra. We will keep you posted on future updates.

Vivek

1515 days ago

So, I have a couple of questions:
How is the price peg (for altcoins) being maintained? Do you actually go out and purchase on an altcoin exchange? And, if so, why should I not go to the exchange directly?
How large are the spreads for say BTC/USD exchange? Especially during times of high volatility. And are you hedging this pair on a futures exchange like CME/CBOE or on a spot exchange?

Sorry some more questions: is there a lag on BTC/USD transactions. As in do you need to wait for x number of confirmations on the blockchain?
Also, since the BTC is non-custodial what is your asset pool comprised of for hedging? for example: I post $100 and buy BTC, since it is non-custodial you are obliged to buy actual $100 BTC and give it to me. So you have no assets. Now, if I sell that BTC for USD in the app, what are you using to hedge as you do not have access to my BTC or do you?
Which exchanges are you exposed to in terms or risk? for example; if you are hedging on bitfinex and if bitfinex shuts down that would be a risk worth knowing beforehand.
Thanks.

1513 days ago

Hi Vivek,

So, we use a synthetic contract that is enabled through BTC + LTC smart contracts. We have multiple exchange partners for liquidity and buy at the spot exchange price. The assets we list on our exchange are vetted on a few objective factors, so we are confident in the digital assets we list that they are liquid enough to handle a large amount of volatility. Here is more info about the contracts: https://support.abra.com/hc/en-us/articles/360001818392-How-do-Abra-s-synthetic-currencies-work-

Hope this helps!

Mario Ortiz

1516 days ago

How long before DGB and XLM are added? Would really love to begin investing on Abra.

1514 days ago

Very, very soon! We will keep you posted on DGB and XLM.

Everett

1517 days ago

Hello, I think cypto users mostly use mobile tech so the mobile launch is a definite win from a marketshare standpoint. Is there any plan to add EOS to your lineup? I think EOS would truly be a great addition. This is great!

Thanks for the suggestion. We are actively looking at adding more cryptoassets to the platform. Stay tuned!

Linn

1393 days ago

Matt Taylor, PLEASE add a desktop wallet so accounts can be accessed on both laptop and mobile device. Thanks!

Brian

1518 days ago

Just signed up. Look forward to checking out this app.

Jason Smetz

Cardano should be added, without a doubt. I’m not sure how it was overlooked, given some of those that were added.

fish

1520 days ago

Can we transfer cryptocurrencies from other exchanges to out Abra wallet aside from Bitcoin and Ethereum? I cant see the public key of the new crypto assets in my Abra wallet. Thanks

1519 days ago

Only Bitcoin for now, very soon we will have native LTC and ETH. We are actively looking at expanding native support to all cryptocurrencies listed on our platform. Stay tuned!

Yannis

Please consider to have segwit addresses for bitcoin deposits and withdraws.
Faster transactions with lower fees.

Also, how you manage the withdraw fees?

Hi Yannis,

We are actively looking at upgrading to segwit, stay tuned!

Here are our fees on withdrawals: https://support.abra.com/hc/en-us/articles/213435307-What-fees-does-Abra-charge-

Nice to hear this and look forward!

Also one more suggestion, please add the ability to see the portfolio funds not only in fiat currencies but also in btc or eth equivalents.

Please add touch id support for the iOS app.

Thanks for the suggestion! Will forward this comment onto our Product team.

Brent

1523 days ago

Will there be a way to export transaction details for purposes of tracking – for example, I am using CoinTracking
(https://cointracking.info/dashboard.php). This has been a lifesaver to track transactions for the purposes of paying taxes. I am concerned about losing that ability utilizing Abra to export transactions – if only for a few transactions this is trivial, but when the transactions start stacking up this becomes arduous.

This is one of our top priorities. We will be announcing updates regarding transaction list export soon!

Mikucz Gyula

Hi Matt’
I am from Hungary, from Europe.
I have got an Abra wallet.
I would like to know when and how can I transfer fiat money, USD, Euro or Ft to my K&h Bank to Budapest

Best regards,

Gyula

You can only transfer and out BTC. But once you send BTC to the Abra app, you can gain exposure to any of the digital assets we list on the platform.

CKaboom

Congratulations! You’re stirring the market up. Does ABRA have business/entity accounts for Solo 401k Trusts? Retirement investment accounts are seriously being ignored by the exchanges. There’s gold in them-there-hills.

Thanks…

Hi CKaboom, we do not officially offer business or retirement accounts, although you could probably chat with your financial advisor/institution to create a legal document that would allow you to purchase BTC on our platform and move it to some sort of retirement account (not a 401k though).

Boumbake

Well done VERTCOIN to the moon- , yes we are born to last ! VERTCOIN COMMUNITY MEMBER

David

Does Abra log all transactions and associated info for the user’s tax return requirements and is the info in a transferable / downloadable format? Thanks…

Hi David, we are providing a transaction list very soon. We’ll keep you posted on the update!

Thank you for the quick response, Matt. Will look forward to that posting! David

alex

Are you working for open your app to other countries like Latin America? Is in this countries where we have problems for invest in criptocurrencies, in USA they have a lot of options. They don’t really need that.

Hi Alex, so if you have Bitcoin (BTC), you can send in BTC to Abra and then exchange for any of the 20 cryptocurrencies or 50 fiat currencies listed on our app!

Aristotle Cajetan

If you guys can add monero that would be really awesome, and yeah this was something I was looking for , especially when the fees got really ridiculous with bitcoin, just never considered using your app simply because of that.

denny

Hi Team, If i’m in control of my private key, where do I find it?

Here are instructions, keep the recovery phrase in a safe place! : https://support.abra.com/hc/en-us/articles/115003160508-Where-can-I-find-my-recovery-phrase-

Pastienot

Add Electroneum as soon as they agree it with you. They have a huge loyal following, the only mobile miner (100,000 + active users) and a global Facebook user base. Good luck

Thanks for the suggestion. We are actively looking at listing more coins!

yes! Electroneum please. thanks.

do

Where the hell is cardano!,

Winx

Hi,Please Consider Adding Rebellious

Jenny

Hi Abra,
Nice additions 🙂 I Am hoping to se Groestlcoin as well!
All the best
Jenny

Quantum

Yes pls, get ahead of the curve and add GRS…

Diego Valenzuela

Groestlcoin has the potential to enter in top 20 due to its speed and subatomic fees. also atomic swaps. It’s in active developing.

Debra Apple

I can’t install it on my Xiaomi redmi note 4. Could you please fix it?

Please send us an email with the details, [email protected]. Thanks!

We are listed on the Google Play Store on your device.

Jintana

I live in Thailand. I have a few questions.
Can I deposit by credit card. ?
Can I withdraw to fiat money (THB)? How do you process the withdrawal to my Thai Bank account?

Thank you for you answer.

We do not support linking a Thai credit card or bank account currently. You can withdraw your funds in BTC though!

Patrick Lim Teng Yew

Will we be able to sell our Crypto in Abra and send the money to our bank account? Is Abra available in Malaysia?

You can only withdraw BTC from Abra if you live in Malaysia. We only provide bank linking in the US and the Philippines.

Andy

Hi, any plans to add USDt?

Our fiat hedging mechanism is much safer than Tether. Check it out here: https://www.abra.com/blog/crypto-fiat-hedge/

HappyLuke

NEO please

Jon Zenaro

1524 days ago

Please add to electroneum (ETN)

Dean Tanti

Please consider adding the KRI (Krios.io) token. It’s going to be huge. It’s ICO is closing April 14th and only .25 a token at the moment. If you buy during ICO use promo code DF10 to receive 10 percent more tokens when you apply coupon at check out. They take PayPal! Good luck and glad to be here!

Brooklynite

This is great. Please add the community driven zero dev tax zero premine zero airdrop zero supernode tax BTCZ to your platform as well!

Cye

So ABRA is a USA FIAT only wallet/exchange? When will support be available for UK FIAT bank transfers and VISA Card deposits/withdraws as well as other supported countries?

We are working hard on adding more banking partners globally. Stay tuned!

Earthshaker

I would love to see DeepOnion on the list. DeepOnion is currently one of the most undervalued coins. It is an anonymous cryptocurrency integrated with the TOR network, with OBFS4 and Meek. With the upcoming stealth addresses integrated with DeepProtocol, and Vote Central it will become one of the most advanced privacy coin on the market, with large community behind it. Visit the website and learn more: http://DeepOnion.org

Magesh Rajendran

I’m not receiving the verification code to my Mobile. Please help me out.

Please send us an email at [email protected] with the details.

KEY Hodler

Please consider adding SelfKey (KEY).

Thanks!

Teddy Tong

“There will be no transaction fees for exchanging between currencies, although Abra will make money on the exchange spread.”

As English is not my first language I dont fully understand the sentence above – please clarify with me if possible.

When Abra says no exchange fee between currencies does that mean it wouldnt cost me a dime to go from HKD to USD and that the exchange rate will be at HKD 7.83 at the market rate? I fear the exchange rate is dummed down to say HKD 7.73 and Abra profits the difference.

Secondly, I cant make sense of the meaning of exchange spread, could you explain a little more on that point please?

Thank you in advance!

Hi Teddy,

So Abra makes money on the spread, which is the difference between the market’s spot price and the consumer’s price in-app. Many financial services use this revenue model.

Here is more info on spot prices: https://www.investopedia.com/terms/s/spot_rate.asp

Rose

Can we open an account in an LLC? Can we deposit more than $500/day? Thanks!

Hi Rose, so here are the daily limits: https://support.abra.com/hc/en-us/articles/115002918627-What-are-Abra-s-transaction-limits-

If you’d like to raise your limits, you can apply via the app. If you want even higher limits, you can apply to the Abra Wire Program: https://www.abra.com/wires/

Red Armanino

Please add NEO, GAS, and EOS, this is great!

Samuel T Sendon II

Hello!

I wanted to transfer some ethers from my private wallet into my Abra wallet, but when I check my ETH wallet, there is no “Send or Receive” button unlike with Bitcoin. Is there something I need to do to enable it. Would also love the same feature with Litecoin.

Thank you!

We don’t have native ETH support just quite yet, so hold on for the time being! You can always transfer in and out BTC though.

geometry

1.) Is there an OSX version of the wallet in the works?

2.) Is Abra going to have a native token for the exchange, similar to BNB and KUC for Binance and Kucoin?

Thanks for your time!

We do not have a web-based interface, nor our own coin. We are actively looking at ways to list completely new digital assets.

Jeremy Henson

Great to hear looking for more coins
GRS is super fast and cheap transactions so would make a great gateway coin

Ryan

Am I reading this right?

ARE YOU RUNNING SMART CONTRACTS ON LITECOIN? And Bitcoin? If we can “move users in between” BTC/LTC contracts… that means smart contracts are running ontop of the BTC/LTC base layers? This is NOT running on ETH smart contracts correct?

Also, if you are, are these protocols similar to Loopring/Kyber Network’s goals? I feel like this is kind of huge but I mis understand things all the time.

I’ll stand by. I’m downloading the app right meow. Thank you.

Yes that’s correct. We use BTC currently, and soon LTC. We are committed to decentralizing investing, like Kyber, 0x, Airswap, etc. We have a different approach and could potentially collaborate with those projects down the road.

BCrypto

Please consider adding Bitcoin Private (BTCP) thank-you!!

Shaun

Great additions, Abra team.
I’m hoping you add Cardano (ADA) next.

Mike

hi there. what about $PAC? A great coin, with a huge community!

Thanks for the suggestions. We are actively looking at adding many more coins. Stay tuned!

Slawiter

Matt, this great news, and I can’t wait to start using Abra. Good luck in your venture.

Thank you good sir!

Bryan

I’d love for Abra to list Komodo (KMD). it’s a Zcash fork with Delayed Proof of Work, pioneering atomic swaps, gains interest, building smart contracts that work in multiple languages, has more github commits than any other team in crypto in the past year, secondary coins can be built on the platform that won’t congest the blockchain, is fuel for its DEX and atomic swaps. Abra, list them! 😀

Thanks for the suggestion Bryan. We’ll look into it!

Nick

Any plans to add NEO, Vechain, or IOTA?

We are actively looking to add many more coins. Stay tuned!

Michael

Why aren’t you listing a big #6 market cap coin ADA? Seems kind of rediculous doesn’t it?

Hi Michael,

Thanks for the suggestion. We are actively looking to add more coins. We have a thorough process to add new tokens to the platform. Stay tuned!

Lino

1521 days ago

Yes, Cardano/ADA seems to be a good one to add. I like their rigorous approach, proactive approach (quantum computing risk, etc.)

Alexander

Seems like compatibility settings on market are wrongly configured, I can’t install it to my Xiaomi redmi note 4. Could you please fix it?

Hi Alexander, the Abra app should be on the Android Play Store. If you can’t find it by searching for it in that app, please contact our support team at [email protected]. Thanks!

Mark Van Dyke

Great Innovation! A few questions? 1, How secure is ABRA? 2, Can we transfer money from trading account to bank account? I appreciate your reply.

Hi Mark,

1. We are very secure. We are a non-custodial service so you are in control of your private keys at all times, and therefore all your funds. Learn more here: https://www.abra.com/safety/

2. Yes you link your US bank account and deposit and withdraw. Here are instructions: https://support.abra.com/hc/en-us/articles/115003663228-How-do-I-deposit-and-withdraw-

Michelle

Can Canadians use it simply

You can send in Bitcoin from an external wallet. Once you have BTC in the app, you can invest in any of the 20 cryptocurrencies or 50 fiat currencies we offer on the platform!

Matt

I do not see TurtleCoin (TRTL) on here. It’s a great privacy coin and community!

We are actively looking into adding more coins. Thanks for the suggestion, and we’ll keep you posted on new listings!

Michae2xl

No Decred ?

Hi there,

We are actively looking to add new coins to the app. Stay tuned!

Hi, thank you for your reply and your kind feedback. Decred is huge project and high-tech! Try.. Regards

Martin

Guys, are you also planning monero?

Hi Martin,

Daniel Mihai

Hi, congratulation and good luck. Please add Neo.
Best regards

Ton

Isn’t this like a lesser version of the ethos wallet?

No, a much better version. 😉 Unlike Ethos, you can buy and sell cryptocurrency directly to your bank account if you live in the US or Philippines. Try it out!

Paul Squire

What about if you live anywhere else please?

You can use Bitcoin to directly fund your wallet. Once you have BTC in Abra, you can exchange for any of the digital assets we offer on our app.

However, we are working on supporting bank funding globally. We will have more updates on this front later on in the year.

mike

Well done Abra. Well done.

Funny how you say “and 0x” — because its probably the most incredible thing you’ve added. Most people still don’t know that it’s extremely undervalued, because non-technical people have no idea how disruptive 0x protocol will be to the entire crypto ecosystem.

But I don’t know why you added Bcash and Bgold….? Those forks seem like a waste.

Please also add the ability for us to remove (or at least just hide) wallets which are empty. Thanks!!!

Hi Mike, thanks for the comment. Our criteria for listing coins on our app involve multiple factors including liquidity, contract market making, etc.

Also, we will be adding the ability to delete wallets very soon!

Mike B.

Agreed, I like that you have 0x – very forward looking… but at the same time that’s like the 50th coin by market cap and others in the top 10 like ADA and NEO are not listed. I love Cardano but seems like it’s always a tough one to add because their wallet support is very limited.

Nigel DigiByte

Dear Abra Team,

On behalf of the DigiByte Design Team, I would like to point out that you are using the outdated DigiByte logo and ‘’Digibyte’’ name.‘’DigiByte’’ is the official name with capital B. We would highly appreciate if you could update to the rebranded one as soon as possible, as to avoid any confusion for the new DigiByte users and ensure brand consistency and trust.

The logos are available at this repository: https://github.com/digibyte/digibyte-logos
You are free to use any of the appropriate sizes for your website.

This is the new logo (DGB symbol): https://github.com/digibyte/digibyte-logos/blob/master/Logos%20Bitmap/transparent%20bg/ClearBg%20DigiByte.png

Thank you very much for your time and effort.

Best,

DigiByte Design Team

Thanks for letting us know Nigel. We’ll make the logo change promptly!

Crypto Deity

Very Impressed with the quick responses from the DEV team. We will definity look into your Android Exchange. We look forward to seeing other coins that we have in our portfolio.

Jonathan Wright

When will we be able to exchange Digibyte?

Hi Jonathan,

In the next couple weeks! We will keep you posted on future coin listings.

Bem

Hi, Abra. I hope you already have web services. Most crypto enthusiasts are on the internet via web browsers.

Hi Bem,

We actively looking to extend Abra’s platform to the web. However, in the short-term, we are focusing on development efforts on iOS and Android. Thanks for the feedback though!

Joshua James

This is awesome!!

Crypto Rebel Clothing

@billbarhydt I hope you are well congrats on your launch 🚀. Can I ask would you kindly consider adding #btcp #bitcoinprivate to your list? Many thanks 🙏🏻 best of luck @HeyRhett @CryptoJake22 @btcpnews @bitcoinprivate

Anthony Pepe

1416 days ago

I would love to see zcash