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 cryptocurrency deposits will require a minimum in order for those funds to reflect in your wallet, the amount will be listed in the app when you view the deposit address.  Follow the steps below to find the minimums: 

1. Open the Abra app
2. From the Trade screen Tap: 'Add money'
3. Tap: 'Deposit cryptocurrency'
4. Select the asset you wish to deposit
5. Agree to the address notification
6. You will then see the QR code or you can copy your wallets address
7. Right below will tell you how many blockchain confirmations and the minimum deposit needed for the asset to reach your wallet. 

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 AbraUSD. 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 Anything less than $5,000 will need to be withdrawn via ACH or cryptocurrency.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 cryptocurrency 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 in Fiat. We've implemented this minimum transaction amount as a result of rising mining fees, which have become proportionately expensive for small transactions. Some cryptocurrencies will have a minimum, if you do not meet the minimum you will see a red error message on your screen with the suggested amount needed. 

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