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Rating by Finanso®

The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.



About lender

Plutus Financial Inc., d/b/a Abra is a company providing financial solutions through digital tools. It focuses on bitcoins and digital currency wallet applications, which Abra customers can use to transfer cryptocurrencies and store them.

The company was established in 2014. Its headquarters are in Mountain View, California.

Abra supports more than 50 cryptocurrencies for its US customers.

The company aims to enable more people to access financial solutions by offering its financial app.

Pros and cons


  • A digital wallet allows you to earn interest, trade, or store crypto

  • Transactions for US citizens are free

  • You can borrow up to $500,000 without a credit check

  • 80+ cryptocurrencies for the US users


  • Not available in New York

  • There are not all the loan details available on the website

  • You borrow against collateral, and your APR depends on the LTV

Terms and conditions

For individuals, Abra offers its clients the to trade over 110 cryptocurrencies through the app, earn up to 10% APY on their crypto, and borrow at 0% APR.

  • The borrowing option allows Abra's users to use their crypto as collateral and borrow in the amounts of up to 500,000 in TUSD, USDC, or USDP. The term you can borrow is from one to three years. Your APR will depend on the LTV percentage: 0% APR is available for 15% LTV, 3.85% APR you will get 20% LTV, 33% gives 6.75% APR, and 50% LTV goes with 9.95% APR. You can simultaneously have a maximum of six loans with Abra.

  • The minimum amount for deposits into the Abra interest account is $5.00, or equivalent to this amount in crypto. There is no maximum amount. To earn the interest, you will need to hold the funds for at least two days. The interest accrues every day. If you get interest above the minimum amount, you will get paid at the beginning of each week.

Private clients and family office services are based on the specific goals of the clients. You will need to contact Abra, and its management team will offer you a personalized solution.

Institutional clients can apply for treasury, lending, trading, and asset management services. The offers are customized. There are three Income Funds, and two Venture Funds offered through Abra Capital Management LLC (ACM). It is an investment company affiliated with Abra.

Abra customers also have access to the Abra Perx Program. It is a rewards program for users of Crypto Perx tokens which are utilized for getting benefits with Abra.

Funding a loan

Whenever you make a transaction from one wallet to another with Abra, the funds are accessible within one hour. However, in most cases, the transactions take as little as ten minutes.

If you send crypto, the funds are available within 10-30 minutes.

The processing length for depositing and withdrawing funds are:

  • One to two business days for deposits via US banks

  • Two to three business days for withdrawals via US banks

When the transaction is completed, you will get a notification. You can check your transaction status through the "Transaction History" in the "Main Menu".

The transaction limits for the US banks through ACH for withdrawals and deposits are up to $20,000K a day. The limits reset over the rolling cycle, meaning if your limit is imposed at 3 pm, it will reset after 3 pm the next day.

If you take a loan with Abra, it will take from one to three business days for funds to be deposited into your trading account. The interest will be covered automatically with your trading account funds.



What is Abra?

Abra, or Plutus Financial Inc., is a company that offers financial solutions through digital tools. Its main focus is on bitcoins and digital currency wallets accessible through the mobile app. 

Where can I use Abra?

You can use Abra around the world. Abra Tellers are available only in India, the Philippines, and Guatemala. While applying for Abra services from the US, mind that the company doesn't service New York residents. 

What does Abra do?

Abra operates crypto wallets, allowing its customer's trade, invest, store, and borrow through their accounts. 

Is Abra legitimate?

Abra is a non-custodial wallet. It doesn't have access to its customers' funds. This has been a BBB-accredited company since November 2021. 

Company documents

Privacy Policy
Terms of service

Abra is on a mission to create a simple and honest platform to enable millions of crypto holders to maximize the potential of their crypto assets. 

© Plutus Lending LLC

Calculate loan payments in Abra

Abra calculator will allow you to calculate an approximate payment schedule for the loan

Loan amount

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Loan term

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What to focus on before applying for a loan with Abra

To ensure the lender is legitimate, check if it meets the following criteria:

How do you know if a loan company is registered?

The lending company is registered with the US Securities and Exchange Commission (SEC) and has a tax identification number (EIN). Note that tribal lending companies operate under the jurisdiction of tribal laws, and they don't have to register with the SEC. But still, tribes must act under federal consumer protection laws enforced by the Consumer Financial Protection Bureau (CFPB) and Federal Trade Commission (FTC).

According to the FTC requirement, the lending company is registered in your state, excluding tribal lenders abiding by tribal and federal laws only. That is why tribal lending companies can charge interest rates exceeding your state's maximum.

Finally, the State Attorney General can verify the registration of the lending company if you need additional proof of whether it is legitimate.

If a US lending company scams you, please report to local law enforcement, your state attorney general, CFPB, or FTC.

Finanso® also recommends

Learn the total cost of a loan, including:

It will be best to read a loan agreement carefully before signing it. If any part of the agreement seems incomprehensible, do not hesitate to ask the lender about particulars.

Remember that you don’t have to make an immediate decision when considering getting a loan. However, you must be sure that you are ready to repay following your loan documents. If the lender’s terms and conditions are uncomfortable for you, you are free to search for another proposal, as there are about 780 lending companies in the US.

What’s the difference between Abra and a bank?

  1. You need to have a good credit history to qualify for a credit card with a bank. In contrast, even bad credit history debtors can borrow money from US lenders with personal or payday loans. 
  2. Interest rates and annual percentage rate for a loan with an online lending company are significantly higher than with a credit card released by a bank.
  3. Applying for an online loan with a lending company doesn’t require paperwork or even visiting their office. Instead, a borrower can apply entirely online and receive money via direct deposit on the next business day.
  4. The online lending business is high-risk for investors, and their capital is not protected from unfair borrowers.
  5. A loan with legitimate loan companies for bad credit is a simple but expensive form of borrowing to resolve financial hardship.
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