How to apply
To apply for any of Abra's services, you need to download the application. Then, on the main screen of the app, tap the "Sign Up" button. Fill in the form by providing your name, email, country, and phone number, and click the "Continue" button.
Abra will send the code to your phone number. Once you fill it in, choose the PIN number and remember it.
To apply for a loan with Abra, tap on the "Borrow" button at the bottom of your screen. After you click Apply, you will start an application process. Select the currency you want to borrow: USDCT, TUSDT, or PAXT, and the loan amount. Choose the loan term, the currency you will use as collateral and APR. Click Apply again and sign the contract with Abra. You will need to provide funds to the Abra wallet as collateral. Once you transfer them, your loan will be processed.
To open an interest account, click the "Earn" icon on the bottom and choose the crypto. Your application will be approved within a few minutes to a few hours. The company will notify you once you are able to make transfers.
Requirements
Although Abra is an online platform, it Is not available in New York. However, you will only need to set up an account with the company and fund your digital wallet with either BTC or ETH cryptocurrencies. Abra doesn't check your credit score or employment. You borrow against the collateral in the form of crypto.
Application details
Most Abra customers won't need to provide the company with any documentation. Yet, sometimes Abra Borrow may ask for additional information. The package of papers varies depending on the customer. If there is an instance Abra needs extra information from you, it will notify you via app or email.
The personal information you should submit is:
A valid driver's license,
Government-issued ID, or
Passport.
