This post has been updated to reflect changes to the Abra app in November 2017
For over two years, Abra has provided free bank-to-bank transfers and convenient cash-based transfers for Filipino residents, OFWs, and their families in the Philippines and abroad.
Since rolling out direct support for bitcoin in March 2017, we’re excited to say that the Philippines has also become one of our largest markets for customers buying bitcoin. With over 1500 Teller locations and major bank integrations supported throughout the country, this comes as no surprise to us. But we are nonetheless very happy to see this passion and excitement for bitcoin in one of our most important markets worldwide.
Certainly, one reason bitcoin buyers in the Philippines choose Abra is because we have some of the best rates in the country. So if you’re considering acquiring some bitcoin, you owe it to yourself to check us out!
If you’re new to Abra or haven’t tried using Abra to buy bitcoin yet, here’s a quick overview of how you can use your Abra wallet to buy bitcoin in the Philippines:
How to buy bitcoin with Abra
With Abra, you can have two wallets. Set up a Philippine peso wallet and a bitcoin wallet.
Fund your peso wallet using cash at a teller location, or from your bank account.
Then convert your pesos into bitcoin using the process described in Step 3 of this blog post.
Success! It’s that easy to buy bitcoin with your Abra wallet. Now you can follow the price of bitcoin as it shifts with market demand and speculate on the future of this exciting technology.
Don’t yet have an Abra wallet?
Get one here (for iOS and Android)
For more information about buying bitcoin with Abra, check out these blog posts:
Bitcoin 101 – General information about what bitcoin is and how it works
Buying bitcoin with Abra – When to use Abra, funding options, and overview
Step by step how to: Using Abra to buy bitcoin with a bank account
Learn more about bitcoin at bitcoin.org.
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.
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, pymnts.com 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.
Please visit our FAQ to learn more.
Jay1952 days ago
Are you guys based in the Philippines? 🇵🇭
Matt Taylor1952 days ago
We operate in the Philippines. We have offices in both California (main) and Manila (remote). You can download the Abra app on either iOS or Android and invest in Bitcoin and Ethereum by funding through a linked bank account, an Abra Retail Teller like Tambunting, or an external BTC wallet.
Jay1951 days ago
Thanks for the reply. I find it slightly confusing having to Buy BTC with fiat first before buying ETH. I think I had to do that. I can’t rennet exactly but I know last time I had a Difficult time converting for a while it to another while it on the Abra is change. Are you guys working on making that a more seamless transaction?
Carl1959 days ago
Hi, I can’t find Abra as a biller on Unionbank (EON). I want to fund my PHP wallet.
Matt Taylor1958 days ago
Here is how to link your UnionBank account to Abra: https://support.abra.com/hc/en-us/articles/115000821548-How-do-I-deposit-into-my-wallet-using-a-bank-Philippines-new-
Andro1981 days ago
How to find an ABRA teller here in PH? this seems very hard and inefficient.
Matt Taylor1980 days ago
Check out this post to help you find an Abra retail teller through the Abra app. Tambunting is our primary partner teller in PH. If you have further questions, please send us an email at [email protected]. Thanks!
gen1990 days ago
how much is the charge if I will exchange php to eth?
Liz O'Donnell1986 days ago
Hi Gen, the fees vary according to prevailing mining fees, which fluctuate widely, so we can’t provide you with an exact amount. The fee will always be displayed prior to you confirming the transaction. Here is our fee structure.
Gary Davies1991 days ago
How do I fund my ABRA account using Western Union ? What details do I put on the peso deposit ? How do I know my ABRA account number ?
Please advise ..
Liz O'Donnell1986 days ago
You cannot fund your Abra wallet using Western Union. Here are all the ways to fund your Abra wallet.
Ed1996 days ago
Are all Tambunting Pawnshops accepting payment for ABRA (ie Tambunting St Francis back of SM Megamall or Tambunting Annapolis)? If i pay via on-line, say BPI, will it really take 1-2days? Opportunity lost if i have to wait this long. Finally do you have a list of ABRA ATM in Pasig or QC area?
Liz O'Donnell1995 days ago
1) Most Tambunting locations are Abra Tellers. However, it’s always best to check in advance by calling the location you wish to visit.
2) Adding funds via online bill pay does take 2-4 days, which is pretty standard. We currently support only one bank for adding funds to your Abra wallet, though this may change in the future: https://support.abra.com/hc/en-us/articles/115000821548-How-do-I-deposit-into-my-wallet-using-a-bank-Philippines-new-
3) Unfortunately, there is no such thing as an “Abra ATM.”
Julie Pearl Matira2000 days ago
Kindly add more banks for easier transaction especially those major banks in the philippines like bdo, bpi and security bank.
Matt Taylor1999 days ago
We are actively looking for more banking partners in The Philippines. We will keep you posted on updates. Thanks!
Jacqueline Ramos2001 days ago
When you buy bitcoins and the bitcoin price went up after a while day or two, definitely the peso amt of my bitcoin will go up, am i correct? With that, i decided to withdraw some amt in my bitcoin wallet, does the number of bitcoin in my wallet decreases or will remain as it is.
Matt Taylor2000 days ago
You are correct, when you purchase bitcoin, and the price goes up, you can sell the bitcoin for a higher equivalent price in PHP. Therefore, the number of bitcoins in your Abra wallet will decrease based on how many you sell, it will not stay the same.
JD2005 days ago
I am getting “an unexpected error, try again” when trying to move funds from php wallet to btc. I am using the Android app.
Any solutions on this?
Matt Taylor2005 days ago
We apologize you are getting that error message. Is your Android app updated to the latest version of Abra? I would also try restarting your phone, and then re open the app to try the exchange again. If you still are experiencing issues, please send us an email at [email protected]. Thanks!
JP2005 days ago
why can’t I exchange my PHP to ETH on my ABRA app?
Matt Taylor2005 days ago
We apologize for the issues you may be experiencing exchanging into ETH. Can you please email us with all the details about the issue at [email protected]. Thanks!
Alice2013 days ago
Perhaps if you could add some popular vdccoin in the future!
Matt Taylor2013 days ago
We are looking into supporting other cryptocurrencies in the future. Stay tuned!
Bricko2014 days ago
Perhaps if you could add some popular Altcoins in the future!
Liz O'Donnell2014 days ago
Workin’ on it! We just announced our plans to support ETH investing (but using the Bitcoin network). See our announcement!
Eden2106 days ago
Can you maintain your bitcoin currency but your default money is still in Php? If so, how?
Liz O'Donnell2105 days ago
Update: it is now possible to hold both a PHP wallet and a BTC wallet at the same time. This post explains more.