Abra Wallet is a combination of an online cryptocurrency wallet with a staking platform (staking is earning interest for maintaining a certain balance).

As part of the promotion for new users, for setting up an Abra Wallet account and making a small deposit (equivalent to USD 15) you will receive an easy $ 25 bonus (withdrawn in the form of a CPRX token). If you find the promotion interesting, you can also recommend it to your friends. When they do the same, both you and new users will receive a $25 bonus each. You can invite as many friends as you want. The prizes are issued in the form of a CPRX token, which was issued in November.

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What do we know about Abra Wallet?

Abra is a cryptocurrency platform that allows you to store crypto units, fiat currencies and investing using staking, i.e. earning interest for maintaining the balance on your account. Abra Wallet gives you access to over 50 traditional currencies and 30 popular cryptocurrencies.

Abra Wallet also allows transfers between users and currency exchange at favorable rates.

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Abra Wallet is a brand from Silicon Valley USA, where its management is located. The company also has its offices in the Philippines and dynamically operates there not only in the sphere of cryptocurrencies, but also in traditional finance. The company owes its successful start to funds from venture capital financing, including from American Express, Foxconn, Blockchain Capital, RRE Ventures or Digital Currency Group.

Abra Wallet – security

Abra Wallet stands out from the competition by providing the user with a recovery phrase, i.e. a special (long) password, allowing them to regain access to the crypto wallet. The entity itself does not have access to the phrases of its users.

Abra Wallet is, of course, a legal entity. What is clear – it is not a bank, so when it comes to storing significant amounts of funds in this way, I recommend you to be careful. In this case (as in other portfolios of this type) you are not protected by any guarantee fund.

Create an account with Abra Wallet and receive a $25 bonus!

Keeping a wallet with Abra Wallet is free. The wallet also does not charge its own fees for buying, selling or exchanging cryptocurrencies as well as traditional currencies. In the case of crypto, of course, there is a network fee, independent of the platform. #### The only cost when exchanging currencies is the spread, that is, the difference in the buy and sell rate.

The easiest and cheapest (because free) way to fund an account is to transfer cryptocurrencies directly from another wallet. In the same way, you can also "bring" the funds outside.

Start of registration with Abra Wallet

The button will take you to Google Pay or AppStore, from which download the application you need.

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Abra Wallet app on Google Play

After downloading the application, you will go through a short registration form. At this stage, you will only need basic information: name, surname, e-mail address, phone number (an SMS code will come to it). If the referral link loaded correctly, the referral code should load itself. However, if the Referral code field is empty, manually add the code: RCFTHB7MN to be sure.

At this point, you can also generate a recovery phrase. It will be useful if you intend to keep larger funds in the form of cryptocurrencies in Abra Wallet. I always recommend keeping security reasons available. However, you can create a phrase later and skip this step at this stage.

Recovery phrase in Abra Wallet

Your account has already been created. It remains to verify them, which I described in the next paragraph. I will only say that the process is extremely easy, short and transparent.

How do I verify my Abra Wallet account?

Verification is only two steps, and in fact two photos – ID card, driver's license or passport and your own face. So prepare one of the documents, find a good light and click Verify identity on the main screen of the application.

Verify your Abra Wallet account

Verification is only two steps

The smartphone will certainly ask you for permission to use the camera. The application will first ask you to frame your identity document, and then place your head in the oval displayed on the screen.

Abra Wallet asks only basic questions

After taking the photos, answer the question about U.S. tax residency. Then all you have to do is wait. In my case, the verification process took literally a few minutes.

Verification allows you to use your account to the fullest

How do I claim my bonus at Abra Wallet?

To receive a $25 bonus (in the CPRX token) you will need to make a deposit in Abra Wallet with the equivalent of a minimum of $15 and maintain it for at least 30 days. The deposit can be both in the form of traditional currencies and cryptocurrencies. To be sure, it will be best to transfer a little more, for example, the equivalent of $ 18-20, if there is a small, unexpected fee along the way. What to hide here, compared to other promotions, the required deposit is really small, lower even than the promised bonus.

It is best to deposit funds in your account using a direct crypto transfer from another wallet. Ideally, you should transfer one of the stable coins, i.e. a cryptocurrency based on the rate of fiat currency (for example, DAI or Tether, whose unit is constantly striving for a value of 1 USD). This will protect you from a large drop in the value of the cryptocurrency during the 30 days of waiting for the bonus. And if you are not so afraid of fluctuations in the deposited cryptocurrency , then you can bet on low crypto transmission costs. Here, Litecoin or XRP (the cost of "transfer" below the zloty) and even Bitcoin, whose transfer costs have dropped significantly in recent months (about $ 1), are recommended.

Look for details in the rules of the referral program.

https://www.abra.com/ref/?deep_link_sub1=RCFTHB7MN

Payment of the bonus

The bonus will be paid in the CPRX token. You can exchange it for the selected cryptocurrency and transfer it to another wallet. Withdrawals are processed on a weekly basis. Friend request bonuses will be available when they make a minimum deposit of $15 and keep it in your account for at least 30 days.

The issue of the CPRX token began on November 15, 2021, which is very shortly before the publication of this article. How will his fate unfold and what will happen to his value in the next few weeks? Let's hope that the rate will rise and the rewards will gain even more value.

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