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:
|What would you like to do?||Fees|
|Fund my wallet|
|Add funds via bank||Free*|
|Add funds via US-based AMEX card||4%|
|Add funds via teller (Philippines)||Up to 2%***|
|Add funds via Bitcoin||Free|
|Add funds via Litecoin||Free|
|Withdraw from my wallet|
|Withdraw via bank||Free*|
|Withdraw via teller (Philippines)||Up to 2%***|
|Withdraw via Bitcoin||Network fee**|
|Withdraw via Litecoin||Network fee**|
|Exchange between currencies|
|An exchange between any 2 currencies|
|Send funds to another Abra wallet||Free|
There will be no transaction fees for exchanging between currencies, although Abra will make money on the exchange spread.
*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.
-Although Abra does not charge a network fee to receive BTC 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.
***Beginning March 1st, 2018, Tambunting 1 will lower 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.
**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.
**Litecoin transactions require a network fee to ensure your transaction is confirmed by the Litecoin mining network. Actual fees fluctuate based on Litecoin 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.
For all fees you may incur while using Simplex please click here.