How Abra Works

Using Abra to buy bitcoin in the Philippines

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)

Learn more

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

Buy Bitcoin with Abra

Step by step how to: Using Abra to buy bitcoin with a bank account

Learn more about bitcoin at

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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