Lender
Rating by Finanso®
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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.

Abra Review

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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

Pros

  • 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

Cons

  • 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.

Abra

Reviews

FAQ

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
Offers
Abra
Digital wallet
Rating by Finanso®
i

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.

Recommended FinScore™
0
300
650
1000
$10,000-$500,000
Rate
i

Interest rate

up to 9.5%
Term
i

Loan term for the financial product

up to 36 months
Similars products
Finanso
Personal Loans
Rating by Finanso®
i

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.

Recommended FinScore™
0
300
650
1000
2000.00 – 100000.00 $
Rate
i

Interest rate

6.34 – 35.89 %
Term
i

Loan term for the financial product

2 months – 5 years
Apply
Rating by Finanso®
i

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.

Recommended FinScore™
0
300
650
1000
100.00 – 4000.00 $
Rating by Finanso®
i

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.

3.93
(20 Ratings)
Recommended FinScore™
0
300
650
1000
450.00 – 12000.00 $
Rate
i

Interest rate

27.50 – 81.29 %
Term
i

Loan term for the financial product

6 months – 3 years
Apply
Calculate loan payments in Abra

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

Abra calculator
Interest rates are given in accordance with the rates of the Abra of 09.02.2025
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