Abra Review And Bonus
History Of Abra
Abra was founded in 2014 by Bill Barhydt, and Pete Kelly as an investment platform that originally allowed it’s users to invest in stocks and ETF’s. Abra is a relatively new player to the Cryptocurrency Investing game as it only started expanding it’s offerings to include Bitcoin in Q2 of 2017. Since then it has further expanded it’s crytocurrency offerings to include over 80 different crypto assets, 50 fiat currencies, and the world’s first cryptocurrency index for retail investors. Even though it is new to the crypto markets, this diverse offering of assets has truly made it a serious competitor in the retail crypto investment space.
What Makes Abra Unique?
One of the biggest benefits to investing with Abra is the diverse amount of cryptocurrency offerings that are available to you within the wallet. Abra is currently available to use in over 150 different countries and offers users access to over 84 different cryptocurrency pairs including Bitcoin (BTC), Litecoin (LTC), Bitcoin Cash (BCH), Ethereum (ETH), Ripple (XRP), NEO (NEO), Cardano (ADA), Monero (XMR), DogeCoin (DOGE), among others.
Another unique offering that Abra offers is the BIT10 crypto inded token. The BIT10 token offers users a way to easily diversify their portfolio by offering them exposure to 80% of the crypto market. It does this by tracking the price of the top 10 largest cryptocurrencies by market cap. One BIT10 token is equal to the price of one coin of each of the top 10 tokens. This index is professionally managed by Bitwise Asset Management and is automatically re balanced at the beginning of each month. You can read more about the BIT 10 token here
Is Abra Secure?
Abra passes our strict qualifications for security because it offers every user a non-custodial wallet. This is different than most wallet applications because it means that you as the customer own your own private keys. Even if a hacker were to gain access to the Abra servers they would be unable to empty the wallets of Abra users. For this reason it is a good idea to make a physical backup of your private keys as you will need to have them available if you install Abra on a new device or uninstall the application.
How DO I Get Started with Abra?
Signing up with Abra is a very simple process and does not take more than a couple of minutes. Since Abra only offers a mobile application (and not a web based wallet) you will need to download the app from either the App Store or the Google Play Store. You can tap this link to get started: CLICK ME
Once you have installed Abra you will be asked to enter your name, email address, and phone number to begin the signup process.
Once you have entered your phone number you will be sent a verification code. After your information is verified you will be asked to create a 4 digit pin. This pin number will be used every time you open or relaunch the Abra application.
After creating a pin you will will just need to verify your country and state of residence and then you will be provided with a recovery phrase. Make sure that you write this phrase down and keep it in a secure location. If you ever need toreinstall the Abra application you will need to provide this phrase in order to recover your wallet.
Once you have completeted all these steps you are all set. You can then add funds to your abra wallet via bank transfer, crediot card, or even transfer from another crypto wallet.
Abra is a very simple and secure mobile wallet that allows users almost unprecidented access to multiple crypto assets. It also allows users a simple and straight forward way to diversify their crypto assets through the use of the BIT10 token. Abra is a solid choice for anyone who is looking to invest long term or even swing trade with cryptocurrencies.