Use your crypto assets to borrow USD stablecoins
On your terms
Loan terms vary — find what works for you
No closing costs or hidden fees
Put your crypto to work
Abra Borrow makes it simple to hold your crypto for the long term while accessing funds for the short term.
Keep your crypto
Use your BTC or ETH as collateral while borrowing USD stablecoins
Low interest rates
Rates as low as 0% with flexible payment terms
Get approved in minutes and start borrowing almost instantly
Examples of current Abra Borrow interest rates
With flexible loan terms you can customize Abra Borrow to suit your needs.
- 0% APR with 10% LTV
- 3.95% APR with 20% LTV
- 7.75% APR with 33% LTV
- 9.95% APR with 50% LTV
Abra Borrow loan calculator
This calculator can help you estimate the right loan-to-value and loan term to get a loan that best fits your needs.
What Customers say about us
Abra’s broad appeal means that it can cater to both worlds — a convenient way to access cryptocurrency for those in developed countries, as well as a parallel financial service in those less developed areas.
Forbes May 6th, 2020
Abra is top 25 technology companies to watch for...
Here's Bitcoin's Best Use Case Right Now. The Bitcoin Price Could Get A Massive Boost From This App
Forbes March 2019
Abra is bringing innovation and simplicity to cryptocurrency investing… Abra is the first company to enable such a diverse range of cryptocurrencies in one wallet, and I'm excited to see Dash as one of the supported cryptocurrencies at launch.
Ryan Taylor CEO of the Dash core team
Abra has unified the processes and transactions onto one app, creating a seamless user experience that the crypto community has long been asking for.
Vinny Lingham co-founder and CEO of Civic and General Partner at Multicoin
Abra has developed an easy-to-use app for managing investments in crypto currencies. Their use of multi-sig technology in bitcoin and litecoin to create investment contracts is quite powerful. That they have done it in a super user-friendly way is commendable.
Dan Boneh Professor of Computer Science and head of the Applied Cryptography Group at Stanford University
I'm excited to see Abra has chosen to use the Litecoin network in the newest iteration of its app. Litecoin's unique combination of low fees, high throughput and secure immutable transactions is a great fit for its use as programmable money.
Charlie Lee Founder of Litecoin
Frequently Asked Questions
1What is Abra Borrow?
Abra Borrow is a new lending program that lets you take out a loan using your Bitcoin or Ethereum holdings as collateral. The interest rate on the loan is calculated based on the loan-to-value ratio (the more collateral, the lower the interest rate) and on the loan term (the shorter the loan, the lower the interest rate). Abra Borrow is rolling out across select areas, with more on the way soon.
2How do I get an Abra Borrow loan?
Getting started with an Abra Borrow loan only takes a few steps. If you are an existing Abra user, then you can fund the loan using your BTC or ETH balance. If you are new to Abra, just set up and fund your wallet with BTC or ETH (or buy some through the app) and then set up the loan. There are no employment checks or credit history checks when opening an Abra Borrow loan. All you need is the collateral.
3Which assets can I use as collateral?
Initially, Abra Borrow will use Bitcoin and Ethereum as collateral. Loans are issued in US dollar stablecoins — all loan origination processing is handled right in the app.
4How do interest rates work?
Interest rates are fixed for the life of the loan and are calculated based on how much crypto collateral you apply to the loan and for how long you decide
5Is there a limit to how much I can borrow?
You can borrow up to $500,000 (the exact amount will vary depending on location).
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