Does Abra have a minimum transaction amount?

Depending on the Abra transaction, our minimum will apply.

Deposits: 
ACH: You can only deposit the equivalent of $5.00 USD or above via US or PH bank. You can deposit less than $5.00 USD via cryptocurrency. 

Wire: You can only deposit the equivalent of $5.00 USD or above via our wire program.

Crypto: Some cryptocurrencies deposits will require a minimum in order for those funds to reflect in your wallet, the amount will be listed in app when you view the deposit address. 

Withdraw:
ACH: You can withdraw less than the equivalent of $5.00 USD to a US bank but only if you are withdrawing the entire amount and those funds are already in TUSD. You will have to have the equivalent of $5.00 USD in order to withdraw your funds to a PH bank. 

Wire: Our wire program requires the equivalent of $5,000 USD min in order to initiate a withdrawal. Anything less than $5,000 will need to be withdrawn via ACH or cryptocurrency. 

Crypto: Some cryptocurrencies withdrawals will require a minimum in order to withdraw, the amount will be listed in app. 

Exchange: 
You can only exchange the equivalent of $5.00 USD.

We've implemented this minimum transaction amount as a result of rising mining fees, which have become proportionately expensive for small transactions. We will continue to work on reducing mining fees and pass those benefits to our users as they become available.

We reserve the right to change or remove the minimum amount in the future as needed.