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Just Hold and Earn (Abra Financial App Explained) **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. https://www.abra.com/cryptocurrency/investing-guide/ 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**. https://www.abra.com/ref/?deep_link_sub1=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. https://support.abra.com/hc/en-us/articles/360046921411-Who-is-PrimeTrust- 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****.** https://support.abra.com/hc/en-us/articles/360043468332-What-is-Abra-s-New-Interest-Account- And to know more about the requirements for applying to Prime Trust, you can **Click here.** https://support.abra.com/hc/en-us/articles/360046471292-Why-do-I-have-to-provide-additional-documents-to-Prime-Trust- **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/ https://support.abra.com/hc/en-us Or download the app in Playstore or Applestore and use this code to get the referral reward after funding your account **RCNPLHTVC**. https://www.abra.com/ref/?deep_link_sub1=RCNPLHTVC Thanks for reading.

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