Abra Trade Adds Support For BNT and IOTX

Abra Trade has added support for Bancor (BNT) and IoTeX (IOTX). BNT is supported both US and internationally. IOTX is supported internationally only at this time. Users can now deposit these cryptocurrencies in their Abra wallets and trade them via Abra Trade alongside 100+ additional cryptocurrencies. New Listings Overview Bancor (BNT) Bancor is a decentralized exchange protocol that consists of a series of smart contracts that manage the on-chain conversion of tokens. Bancor’s smart contracts manage the liquidity pools that connect various tokens available in the

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What Is An ERC-20 Token?

On November 15, 2021, CryptoPerx (CPRX) is launching as an ERC-20 token that will reward loyal Abra users. In anticipation of the launch, it’s a good idea to explore what an ERC-20 token is if you aren’t familiar. For those getting started in crypto, you will often hear or see the term “token”. Many different categories of crypto tokens exist. Among these different categories, ERC-20 tokens are the most popular.  What Is An ERC-20 Token? In short, an ERC-20 token is a specific type of

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Best Practices For Securing Your Abra Account

Keeping your funds secure is an important yet often overlooked part of the crypto experience. Compared to banks, crypto platforms have more security threats to be prepared for. Here are three steps you can take to maximize the security of your crypto on Abra. Write Down Your Recovery Phrase As with most crypto wallets, each Abra account has an associated recovery phrase. When you first download the Abra app on your device, you will notice a list of 13 random words. This is a unique

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4 Ways To Fund Your Abra Account

Did you know there are four ways to fund your Abra account? Options include bank transfer, bank wire transfer, cryptocurrency deposit, and Visa/Mastercard. Our blog post walks you through how to complete your crypto deposit with each option. Getting Started Open the Abra app on your device and enter your PIN. Tap on the “Add Money” button on the app home screen. Next, the four options for funding your account will appear. Let’s go over each of these options. Bank Transfer To start a bank

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Crypto Vs. Fiat: 5 Benefits Of Using Digital Currencies

Have you ever wondered how fiat currencies and cryptocurrencies compare? Our crypto vs. fiat blog post outlines five reasons why cryptocurrencies are beginning to redefine the future of global finance. Low Fees Cryptocurrencies are capable of supporting much lower transaction costs than fiat currencies. Many public blockchains charge only the equivalent of a few cents, regardless of whether a user wants to send a couple of dollars or millions of dollars of crypto. Litecoin, for example, has an average transaction fee of just $0.025 and

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