We don’t currently charge fees on currency exchanges, but Abra does generate an exchange rate income on the spread between different currencies which goes to cover some of our costs. For instance, if you convert US Dollars to Bitcoin, or Ethereum to Ripple, there will be a small spread built into the exchange rate that you will see on the app.
The spread will not apply when exchanging equities until the end of 2019.
Please note that the spread may vary from currency to currency, based on market conditions.
There may be other fees involved in certain transaction types, and they are always displayed to you before you confirm the transaction. We generally don’t make a profit on fees: we’re just passing through a fee that we incur. For more information on fees, please check our fees page.