Just Hold and Earn (Abra Financial App Explained)

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Avatar for Jane
Written by
2 years ago

March 3, 2022

This is perhaps the most trending on noise.cash among Filipino users, the Abra wallet. After successful registration and verification, the new user could earn by just holding crypto. And referring a friend could give them generous rewards. Anyone would surely try this crypto wallet app. And if you'll ask about its legitimacy, it's 100% legit and has already been used by many Filipinos, as it is a wallet to hold and easily withdraw crypto in fiat currency and send it straight to our bank account.

But before anything else, what is Abra and how to earn using this app?

What is Abra?

Abra is a global financial app founded in 2014 where users could save, trade, and earn while holding their cryptocurrencies. It's an easy way to manage a crypto portfolio while earning at the same time. And its peer-to-peer system allows its users to easily send their money to over 150 countries in the world, at any time. Its earning program called Abra Perx was launched in 2021 along with its utility token CPRX as a reward to its users.

Features of Abra include:

  • Saving and trading crypto

  • Interest Account

  • Borrow USD Stablecoin

How to earn in Abra?

To start, register on the Abra wallet app using this link, Click here. Don't forget to save your seed phrases for security purposes. Use this code so both of us could get the reward RCNPLHTVC.

After registration, verify your account to be eligible for different ways of earning Abra. The KYC is too simple, easy, and fast to process. You just have to verify your:

  • Email Address

  • Phone Number

  • And lastly, your Identification Card

It only took me a few minutes to process everything and the response was too quick as well.

Once everything is set and verified, you can start earning in Abra Perx Program.

Ways To Earn In Abra Perx Program

  • Hold crypto for 7 days and earn $15

New users are eligible to earn $15 worth of CPRX when they first deposit $15 worth of any crypto into their account. To get the reward, a user should hold the $15 for 7 days and the reward will be added to any affiliate reward that they might earn.

There are three ways to fund your account: Visa/Mastercard, Bank wire transfer, or simply any cryptocurrency.

In our country Philippines, users can easily fund Abra in 7/11 stores.

Since cryptocurrencies are volatile, your $15 deposit today might be lesser tomorrow. So much better if you deposit at least $20, or, swapped it to stablecoin on Abra wallet to keep $15 in 7 days.

  • Refer a friend and get $25

Refer a friend and both of you will get $25 in CPRX once your referral is signed up, verified, and made his first deposit into his account.

If you have extra crypto, maybe you could lend some to your friend and let him hold it for 7 days, then both of you will get an instant $40 ($15 for holding, $25 for referral reward).

  • Earn Interest Account up to 5%

You can save your crypto in your Interest Account and earn daily interest based on the APY. The rewards are compounding daily, so the longer you hold, the higher the returns.

Note: Users who want to participate in the earn interest account program should submit an application and the information will be sent to Prime Trust.

Prime Trust is a financial institution that will hold custody of interest-earning assets in Abra.

The process would take a few minutes and the approval may take up to a few hours depending on your location. Some users outside the US may take up to a few days.

Once your application has been notified, you can start transferring your assets to your Earn Interest Account, and it would start accruing interest the day you deposit your assets.

There is a minimum limit for each asset and you will accrue interest if your balance is above the minimum limit. You can visit this link for more information about Account Interest in Abra, Click here.

And to know more about the requirements for applying to Prime Trust, you can Click here.

  • Earn up to 1% Cash Back In Every Trade

In every trade you make, swapping crypto to fiat currency, for instance, you'll get up to 1% cashback. The rewards are paid out twice a week in CPRX.

  • Get up to -2% APR on all loans

Abra also allows its users to apply for a loan and they are eligible to get up to -2% APR on all loans based on the current balance of their loan and rewards are paid out once a month.


Loyalty Tier Program

The interest and rewards that a user could accumulate on the aforementioned ways of earning are based on which Loyalty Tier he/she has. New users would start at Baseline, then Ignite, Launch, Cruise, Orbit, and To The Moon.

The tier is based on the amount you hold for over 30 days, but the pending CPRX rewards won't affect the average balance. It is calculated according to the example below.

The balance will show like this:


Borrow Stablecoin at 3.95% APY

Eligible users can also apply for a loan and start at only 3.95% APY with 6-24 month terms. Cryptocurrencies like BTC and ETH can be used as collateral and there is no fee, you can terminate your loan at any time with no penalty.


You might ask what is CPRX?

CPRX stands for Crypto Perx, the utility token of Abra, and was created by Crypto Banking Alliance (CBA) in Switzerland. It was launched in 2021 and used to rewards its users for its Abra Perx program.

You can visit the Abra FAQs website to know more information about the ways how to earn using the app.

Website: https://support.abra.com/

Or download the app in Playstore or Applestore and use this code to get the referral reward after funding your account RCNPLHTVC.

Thanks for reading.

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2 years ago

Comments

Woah, 40% for referrals😲 that's huge also it has great features and benefits for new investors/applicant.

$ 0.00
2 years ago

Hi Jane, have been trying to register but have not been able to get the code that is supposed to send to my phone line? I did it over and over but still the same result. No code has been sent to me to confirm my registration...

$ 0.00
2 years ago

Nag end na ang kanilang referral program sis yung makakareceive ng $25 naging $5 nalang

$ 0.00
2 years ago

Sabi nung kapatid ko sis nag end na daw ito kahapon?..totoo kaya yun?

$ 0.00
2 years ago

This wallet seems as the farming platform where we can earn to hold crypto. Moreover I will must join it after having some research about its effectivity in my country

$ 0.00
2 years ago

I've already downloaded and install abra on my tab but the problem is I don't t have valid ID for me to verify my account. Those perks sounds promising but I can't transfer any crypto since it'd looking for valid ID, I don't know if school ID is accepted.

$ 0.00
2 years ago

I already invested in Abra but I'll still waiting for at least 1 month

$ 0.00
2 years ago

I've lost interest in using in a non popular trading sites like Dex and the rest because I have been sacamed some times ago. But I'd try this. Thanks for update

$ 0.00
2 years ago

Wow naman, galing naman ng abra kala ko talava una scam yan sis.😁😁dami na nga sa noise naggaganyan.

$ 0.00
2 years ago

Uy let me try this one thank for the info. Ma'am jane

$ 0.00
2 years ago

It pays out so I like it, although limited in the choice of coins.

$ 0.00
2 years ago

As far as I understand, it is a great loss for us, only for the Filipinos. They have very advantageous offers.

$ 0.00
2 years ago

This is well taught and I'm gonna try it out immediately but the problem is if Nigerians can download and use the app?

$ 0.00
2 years ago

This offer went viral in our country a few months ago, especially for those who work in Airdrop. I tried too but unfortunately I don't have any documents to verify. It's only supported passport for verification in our region.

$ 0.00
2 years ago

I was listened some news about it. Now I done with reading all.Surely by using it people will be helpful. Thank you so much mam for explain it so good way.

$ 0.00
2 years ago

I was about to make an article about it but I really don't know how. Hahaha that's why, I just waited for someone to do it in here Atee. I am glad that you did it.

$ 0.02
2 years ago

Dami na gumawa. Inexplaoin ko lng yung ways of earnings hehe

$ 0.00
2 years ago

Thanks for this detailed article madam, di pa nka join nito, trying it soonest..

$ 0.01
2 years ago

Try mo madam

$ 0.00
2 years ago

Wow! Abra wallet is really interesting as you explained, I'm looking forward to doing the registration and verification, soon, so as to earn. It's referral package is also nice.

Thanks for this informative article 👍

$ 0.01
2 years ago

Yesterday Maze was talking about it. Now I'm reading it.

$ 0.01
2 years ago

You should sign up too

$ 0.00
2 years ago

Wahhh meron kana din UwU. Halos lahat sa noise nagsishare na din ng ganito. Aguy. Sad nga wala ako i.d ee. Kau mama nalang ginamit ko 🤧

$ 0.02
2 years ago

Code ni yen gamit ko hehe Kuha kna kc national id

$ 0.00
2 years ago

Wahhhs ana lahat, ung code ko ata di nagamit ni madan yen wala sya sa list kk 🤧

$ 0.00
2 years ago

Wala pa rin akong Valid ID. Ang dami ko namimissed na earnings dahil diyan. Hayst. Sana makakuha na ako before May.

$ 0.01
2 years ago

Sayang. Sana mkakuha kna ID

$ 0.00
2 years ago

Sayang nga ate di ako makasali sa ganyan. Need pa ng valid ID haha. Need pa ba ate yung picture verification na larang sa Binance? Kaso hindi na pala ate mahina ako sa ganyan

$ 0.02
2 years ago

Oo..

$ 0.00
2 years ago

Done receiving mine super legit and convenient to use talaga Maam🥰

$ 0.00
2 years ago

Magawa nga eto later. Tagal ko na nababasa eto sa noise pero di ko magawa-gawa.

$ 0.02
2 years ago

Sayang yung kikitain haha

$ 0.00
2 years ago

Ayun pala cprx haha. Parang ginawa talaga for rewards

$ 0.00
User's avatar Yen
2 years ago

Amazing talaga yan ate na received ko na nga yung akin eh hahaha

$ 0.00
2 years ago

I invited my mother-in-law and then I'm the one who deposited$15 on her account, although the bch price drop I still receive the reward same with my mother-in-law sis 😊

$ 0.02
2 years ago

Galing..okay dn pla kht mag drop

$ 0.00
2 years ago

Several ways to earn on this one. Imagine earning $40 just for referring and holding a coin. That is pretty cool.

$ 0.00
2 years ago

I remember signing up nung nainform ni farmboy pero d ako nagverify, lol! Check ko nga ulit kung meron pa yung account ko don.

$ 0.02
2 years ago

Check mo bka nka received ka.CPRX airdrop last Oct 2021

$ 0.00
2 years ago

May 2 na akong recruit mehehe waiting na lang sa reward 😁

$ 0.01
2 years ago

Galing

$ 0.00
2 years ago

Abra cadabra. I like it :)

$ 0.00
2 years ago

I believe there is a good opportunity in using Abra wallet and I will surly give it a try. Thank you for sharing this good info with us.

$ 0.00
2 years ago

Nalulungkot ako pag Abra na yung topic miss Jane. Hehe kasi sumali na ako last tas di natuloy kasi kailangan pa pala ng valid i.d. Nasayangan talaga ako. Mag process na talaga ako ng valid i.d nito miss Jane kasi ang sayang.

$ 0.02
2 years ago

Bat wala kpa valid ID?

$ 0.00
2 years ago

Until when yang promo nila?

$ 0.01
2 years ago

Wala expiration jan

$ 0.00
2 years ago

Interesting app. How many crypto-related mobile apps do you use regularly?

$ 0.00
2 years ago