How Abra Works, News

Direct Litecoin Deposits and Withdrawals

Make sure your app is updated to the latest version.

We are excited to announce that we now support direct Litecoin (LTC) deposits and withdrawals. This means you can fund your wallet with Litecoin and gain exposure to any of the digital assets listed on Abra. Litecoin has been one of the most popular assets in terms of transaction volume and we want to provide easy on-ramps for the Litecoin community to invest.

We are working on supporting direct deposits and withdrawals for other cryptocurrencies on our platform. So stay tuned for future updates!

Also, Monero (XMR), NEO (NEO), NEM (XEM), Lisk (LSK), and Verge (XVG) recently went live on Abra! You can now exchange 25 cryptocurrencies and 50+ fiat currencies in the app. We really value your feedback, so feel free to let us know in the comments below which cryptocurrencies you want to see on Abra.

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About Abra

Established in 2014, Abra is on a mission to create a simple and honest platform that enables millions of cryptocurrency holders to maximize the potential of their assets. Abra enables both individuals and businesses to safely and securely buy, trade, and borrow against cryptocurrencies – all in one place. Abra’s vision is an open, global financial system that is easily accessible to everyone.

Why Abra

Based in the United States, Abra is available in over 150 countries and makes it easy to convert between crypto and a wide variety of local fiat currencies. With over 2MM customers, $7B in transactions processed, and $1.5B in assets under management, Abra continues to grow rapidly. Abra is widely loved and trusted – in April 2022, reviewed and rated Abra amongst the top 5 most popular crypto wallets in the market. Abra is backed by top-tier investors such as American Express Ventures and First Round Capital.

How Abra Protects Your Funds

Abra places clients’ financial objectives and security first. Abra practices a culture of risk management across all levels and functions within the organization.

Abra employs a state-of-the-art enterprise risk management framework that comprises a comprehensive set of policies, procedures, and practices detailing all applicable risk-related objectives and constraints for the entirety of the business. Abra has instituted a complete set of requisite systems and controls that continuously enforce these policies, procedures, and practices to manage all operations, including credit and lending. Abra’s independent Risk Committee comprises experienced compliance, risk, securities, and fraud operations professionals with backgrounds in industries ranging from traditional and digital assets banking, payments, remittance, to fintech.

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