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