Abra is a bitcoin-based digital wallet app that lives on your smartphone. It is the easiest way to buy, sell, store, send and receive bitcoin from anywhere in the world. It’s similar to a brokerage, but it’s also a wallet. Abra supports bitcoin as well as over 50 global currencies which means you can convert in and out of bitcoin or any available currency, easily. You can also send bitcoin to anyone who has a bitcoin or an Abra wallet and receive bitcoin or money.
Aside from being easy to use, fast, and flexible, one of the advantages of Abra is that the company uses peer-to-peer technology, so your money goes directly from you to your recipient with no middleman, allowing for your transactions to be very quick and inexpensive.
Whenever an Abra user opens a new wallet a random recovery phrase is generated that acts as the private key discussed earlier. The recovery phrase is a crucial part to the security and functionality of Abra’s wallet model and while Abra users need to take an added step to safeguard the recovery phrase.
Once Abra users have their secure wallet established (and they have tested their recovery phrase) they can then use the Abra app to send, receive, and store bitcoin and other digital assets.
Abra users can also use the app to buy bitcoin, or convert other assets into bitcoin with Abra and then transfer that bitcoin to any external bitcoin wallet, or they can use the Abra app to send bitcoin to any other Abra user.
How It Works
Get your USD to bitcoin conversion rate upfront.
Enter your bitcoin address (if you own one). If not, simply download the Abra app and generate a new bitcoin address for free.
Enter your billing and payment details. You may be asked to provide your basic details during this step.
Receive your bitcoin in as little as 20-30 minutes in your bitcoin wallet.