This website and any communications, including any linked information, is for general informational purposes only and is not intended to provide tax, legal, financial, investment, or accounting advice. Cryptocurrency’s legal status varies by jurisdiction and is not backed by any government. Abra products and customer accounts are not subject to FDIC or SIPC protections. Abra will have no liability whatsoever for any losses said to be related to any Abra communication. Unless otherwise stated, such content is the property of (and all copyright shall belong to) Abra.
Abra Capital Management LP is a registered investment adviser (RIA) with the U.S. Securities and Exchange Commission (SEC); firm brochure can be found here.
Abra has discontinued the Abra app in the U.S. and does not offer any money transmission products and services to U.S. customers.
FAQs
Abra agreed to cease accepting virtual asset allocations from U.S. Abra Trade Account customers into their products and services and cease making, buying, selling, or trading cryptocurrencies available to U.S. Abra Trade customers as of June 15, 2023.
Is Abra still in business? ›
As of June 15, 2023, Abra no longer offers retail trading services in the U.S. or U.K. Therefore, you can not buy stocks or other assets with Abra.
Is Abra wallet safe? ›
In terms of security, Abra is a non-custodial wallet meaning the company cannot access your funds or recovery passwords. Note that Abra collects some personal information to comply with local laws so, for users who don't want their blockchain wallet tied to their identity, Abra might not be the best choice.
Who owns Abra app? ›
History. Abra was founded in 2014 in the Silicon Valley by Bill Barhydt, a former fixed income analyst for Goldman Sachs and former director of Netscape.
Why can't i withdraw from Abra? ›
Funds you've deposited into the Abra app via ACH will be held for 30 days. You may however continue to exchange assets without any restrictions within your Abra wallet. You can also withdraw and send funds, as long as you maintain a total balance greater than the amount of your ACH hold.
Does Abra work in USA? ›
Abra Tellers are only available in the Philippines and Guatemala. *For US users: The Abra app is currently unavailable in the US to new users. If you have an existing account, here is a resource that can help.
What is the alternative to Abra? ›
Abra's top competitors include Kraken, Coinsquare, and Celsius.
Where is Abra headquartered? ›
Abra is headquartered in Mountain View, Mountain View, CA 94041, USA, United States, and has 1 office location.
Does Abra report to IRS? ›
No, as of 2024, Abra does not automatically deduct taxes from crypto trades. However, Abra might still report your crypto transactions to your country's tax authority, like the IRS or HMRC.
Who is the CEO of Abra? ›
William (Bill) Barhydt (born in NYC) is a serial entrepreneur and the Founder and CEO of Abra, a cryptocurrency investing app.
Under the settlement, Abra agreed to cease accepting virtual asset allocations from U.S. Abra Trade Account customers into their products and services and cease making, buying, selling, or trading cryptocurrencies available to U.S. Abra Trade customers as of June 15, 2023.
Where is Abra based? ›
About Abra
Abra offers a mobile application platform for buying, selling, trading, storing, and borrowing cryptocurrency. Its platform enables users to store digital cash on smartphones and send it to other users. The company was founded in 2014 and is based in Mountain View, California.
Is Abra Sec registered? ›
Yes, Abra operates locally in the Philippines, and is properly registered with the SEC Philippines and other relevant entities as PLUTUS TECHNOLOGIES PHILIPPINES CORPORATION.
Is Abra good or bad? ›
Abra is an amazing revenge killer, as it possesses good coverage, blazing Speed, and a sky-high Special Attack, but it has horrendous defenses. Thus, Abra should not be switched directly into play, but rather through U-turn or Volt Switch or after a KO.
Is Abra supported in USA? ›
Abra Tellers are only available in the Philippines and Guatemala. *For US users: The Abra app is currently unavailable in the US to new users. If you have an existing account, here is a resource that can help.
Why does Abra sleep so much? ›
Due to the strain of its telepathic powers, however, Abra sleeps 18 hours each day. If it fails to rest long enough, it will become unable to use its powers.
