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. As the first market that Abra entered with our innovative peer-to-peer money transfer network, the Philippines has always had a special place in the hearts and minds of the team at Abra.
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
After you have funded your wallet using a bank transfer or cash at an Abra Teller location, there are two ways you can use the Abra wallet to buy bitcoin:
Option 1. Press “Withdraw” and select “Use Bitcoin”, then enter the amount you want to send to your external bitcoin wallet.
Option 2. If you do not have another bitcoin wallet, you can convert your entire wallet balance to bitcoin by changing your wallet currency to bitcoin (BTC). You can find the button to change your wallet currency in the main menu of your Abra wallet. Note that any funds you add to the wallet after you have changed your wallet currency will be automatically converted into bitcoin using the exchange rate at the time of the transaction.
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.
We’ve put together a brief tutorial that will take you through all the steps, in case you’re more the video type:
For more information about buying bitcoin with Abra, check out these blog posts:
A beginner’s guide to buying bitcoin
Using Abra to buy bitcoin with cash
Using Abra to buy bitcoin with a bank account
Learn more about bitcoin at bitcoin.org.