Abra gives you the freedom to invest in multiple cryptocurrencies and fiat currencies. You can also send and receive bitcoin, litecoin, bitcoin cash, ether and over 50 fiat currencies. If you are a non-US user you will also have the ability to invest in stocks and ETFs. Users hold the keys to their funds and have complete control over their money.
Abra is inherently more secure than most cryptocurrency exchanges since users are the only ones who can access their recovery phrase. Abra never has access to a user’s funds since we are a non-custodial wallet. We always recommend users to write down their recovery phrase(s) and store them in a secure location.
All of your cryptocurrency balance(s) are kept with one recovery phrase. For additional information regarding your recovery phrase, please click here.