The wallet is non-custodial, meaning that users retain control of their private keys at all times and do not have to worry that they will lose their funds
if Abra is hacked.
If Abra ceases, is there any recourse from the wallet holder if the platform is unavailable?
If Abra goes bust, we can't access our Crypto / Funds because our Private Key will only work in Abra Ecosystem...?
We currently do not have a way to export your private key, but when you sign up you will get a recovery phrase which you will be able to use to recover your funds
if Abra ceases to exist with another wallet.
Not exact matches
4:13 Jason asks Bill
if his original idea for
Abra is still in play, and how much his investment (from 3 yrs ago) is worth now.
It will be interesting to see
if the addition of these coins to
Abra will affect the market caps of said currencies.
Likewise,
if I offload via bank transfer rather than through teller, am I not selling digital currency to
Abra?
You can fund your
Abra account by sending BTC from an external wallet, and
if you live in the US or the Philippines, you can fund your wallet with a linked bank account by following these instructions: https://support.
abra.com/hc/en-us/categories/203973528-Depositing-and-withdrawing
If you withdraw the USD from your
Abra wallet to your bank account, that is a taxable event though.
If you utilize
Abra by holding fiat currency, ie.
What happens to my funds
if the volatility and liquidity risks move against
Abra, causing in worst case
Abra to go bankrupt?
If I move my bitcoin from my
abra bitcoin wallet back to fiat using my
abra fiat wallet, will it incur charges like network fee or there are other charges too?
So you can transfer USD from your US bank account onto the
Abra app, and then exchange USD to Euros,
if you set up a Euro wallet.
If not, how can anyone else but
Abra make sure your Private Digital Currency can be cashed in the real world?
Hi Alex, so
if you have Bitcoin (BTC), you can send in BTC to
Abra and then exchange for any of the 20 cryptocurrencies or 50 fiat currencies listed on our app!
Recipients can then cash out their wallet balance to their bank account in any of our supported countries or find an
Abra Teller nearby
if they need or prefer to withdraw physical cash.
What
if we've switched our Bitcoin into USD to hedge our position, and then worst case scenario,
Abra goes bust etc..
If it's not bitcoin used to transfer value, then what prevents
Abra (or anyone else) from just printing money out of nowhere?
If she lives in the US, she can link her bank account to
Abra and add US dollars to her USD wallet.
For transactions that exceed these limits, customers are advised to either see
if there is an
Abra Teller in their area who can facilitate a larger cash transaction, or else find a suitable bitcoin exchange, brokerage, or OTC market that supports larger purchases using a bank account.
So for example,
if you're receiving bitcoin directly into your
Abra wallet rather than adding money from your bank account, be sure to change your wallet currency to ɃBTC before importing your bitcoin in order to avoid exchange fees.
If they are located in a country where we have bank integrations, or a city with
Abra Tellers, ask them to try
Abra next time you need to send money to them and let us know how it goes!
Abra as an exchange:
If I don't use a teller but instead buy digital currency through a bank transfer or debit card, then I am not buying digital currency from
Abra?
If I buy one bitcoin through
ABRA today and let's say in a month bitcoin is priced at $ 20,000.
Hi Matt, Just wondering
if my wife could send her family money in the Philippines through
Abra.
If you have any doubts or concerns about the legality of being an
Abra Teller in your area we encourage you to talk to a lawyer who is knowledgeable about your local laws concerning p2p bitcoin sales.
You can then decide to buy or sell bitcoin on the spot,
if you choose, or send fiat to another
Abra user or to someone's external bitcoin wallet.
How can funds be stored in cash
if when transferred to
Abra, it is immediately turned into bitcoins?
The transaction works the same in the reverse:
if a recipient needs or prefers to receive a payment in bitcoin, but the sender prefers to deal in fiat currency, the sender can add money to their
Abra wallet using their bank account or a local
Abra Teller and then send their fiat currency directly to the recipient's bitcoin address, even
if the recipient does not have an
Abra wallet.
Also,
if you want to invest in ETH through the
Abra app, you will need to fund your wallet with Bitcoin.
But
if we're talking exchanging among your
Abra balances, you can move funds from any balance to any balance.
if yes, is it possible to withdraw from
Abra, US dollar and deposits in any of the recognised banks in Nigeria (cash back in dollars).
If you will be at Money2020, please join my session today where I'll dive into the pillars of
Abra's vision for the future of bitcoin as the basis for digital banking, namely: payments, global investing, and asset finance.
For example
if I transfer 20 BTC = $ 200,000 USD to
Abra, and I want to immediately convert my 20 BTC to USD or Euro when 20 BTC = $ 400,000 USD, will I encounter limitations based on the size of the transaction?
b) I see the best value in
abra if I am making a high volume of low value payments to many different parties who don't necessarily need to convert to cash (with fx) each time.
However,
if you want to exchange BTC for another cryptocurrency or want to move funds outside of
Abra into USD in your linked bank account, we have limits.
If you want to, then first you need to convert your ETH into BTC in Coinbase, then send the BTC to the bitcoin address on the «Add money» screen of your
Abra wallet.
To answer your question: as per Step 1 in the blog post above, you should set your wallet currency to USD
if you want to receive $ 100 in your
Abra wallet.
Use your
Abra wallet to pay any of the over 100,000 merchants that accept bitcoin, even
if you are holding local currency.
we cant fully do crypto exchange having that as a problem, can you give us an explanation
if withdrawal limit is also a hindrance here with the new
abra.
If you have bitcoin in your
Abra app and want to sell it at the current bitcoin price, you can exchange almost instantly from bitcoin (in your
Abra BTC wallet) to U.S. Dollars (in your
Abra USD wallet) to lock in that sell price.
So
if you've been thinking about buying a bit of bitcoin, there's no better way than
Abra.
If you have a US - based Amex card and don't see the Amex option available to you, you can use the «Contact Us» option within your
Abra app to contact our support team for assistance.
You can only withdraw BTC from
Abra if you live in Malaysia.
First,
if you want to hold bitcoin in your
Abra wallet, make sure you have changed your wallet currency to BTC.
The better parallel,
if you insist, is
Abra's Eve serving as the downfall to the film's Adam.
If your foster tests positive for HW,
ABRA will schedule treatment.
If the pet requires medication long term,
ABRA will disclose that prior to adopting.
If medication is needed,
ABRA will pay for approved medication while the pet is in the foster program.
If you are interested in contributing to
ABRA, Inc and would like to donate a specific item, click here to check out our Amazon.com wish list.