What fees does Abra charge?

With Abra, you can buy cryptocurrencies with some of the most competitive rates in the market. Fees may apply in select transaction types, as below:

*Abra never charges a fee for bank withdrawals. Some banks in the Philippines may charge a small fee for incoming transfers; there is no fee for UnionBank. 

***Tambunting 1 branch fees (both deposit and withdrawal) to 1.25%. Tambunting 2, 3 and 4 will lower their branch fees (both deposit and withdrawal) to 1.5%. Other tellers may charge up to 2%, for additional information please contact the teller directly. 

-Although Abra does not charge a network fee to receive BTC, LTC, BCH or ETH from a non-Abra wallet or exchange. That non-Abra wallet or exchange may charge a network fee to send to your Abra wallet, please check with the company regarding their fees. 

Bitcoin/Litecoin/Bitcoin Cash/Ethereum/Altcoins

**Abra uses Bitcoin-based contracts to facilitate your cryptocurrency and fiat investments on the blockchain. This network fee is required to ensure your transaction is confirmed by the Bitcoin mining network. Actual fees fluctuate based on Bitcoin network volume. A network fee is calculated at the time of a transaction and it will always be shown in the confirmation step before the transaction completes. Abra does not profit from this fee.

**Bitcoin/Litecoin/Bitcoin Cash/Ethereum transactions require a network fee to ensure your transaction is confirmed by the Bitcoin/Litecoin/Bitcoin Cash/Ethereum mining network. Actual fees fluctuate based on Bitcoin/Litecoin/Bitcoin Cash/Ethereum network volume. A network fee is calculated at the time of a transaction and it will always be shown in the confirmation step before the transaction completes. Abra does not profit from this fee. 

**Altcoins (DGB, XRP, NEO, etc) Anytime a withdrawal is done for an altcoin you will be charged a bitcoin network fee plus a Bittrex withdrawal fee. As we do not natively support our altcoins at this time, they are still synthetic within the Abra app. When a withdraw is initiated for an altcoin the underlying currency is still bitcoin, thus you will be charged the bitcoin network fee. In the background, Abra is using Bittrex to exchange BTC for the altcoin you are withdrawing. Bittrex charges a withdrawal fee. Due to this, the Bittrex fee is passed to you the user.

**Although Abra does not charge an Abra fee to 'Send funds' to another Abra wallet, you will still be charged a network fee to withdraw BTC/LTC/BCH/ETH from your wallet and send to another Abra wallet. A network fee will not be applied when sending fiat from one Abra wallet to another, only when sending cryptocurrency from one wallet to another. This network fee is required to ensure your transaction is confirmed by the Bitcoin mining network. Abra does not profit from this fee.

There will be no transaction fees for exchanging between currencies, although Abra will make money on the exchange spread.