This is a legacy product as of October 3rd, 2022
By default, any deposits you make from an external wallet or bank will go to your trading account. In order to move money into your interest account, you will need to initiate a transfer.
First, you must have funds in an asset we offer interest in. These funds must already be in your ‘Trading account’ to move into your ‘Interest account’.
Tap: on the 'Earn' icon, located at the bottom of your screen.
Tap: on the 'Transfer' icon.
*TUSD is being selected in this example but you can choose the crypto of your choice.
Tap: ‘Add TUSD’
Read and Confirm the notification regarding the Abra interest account (first time only).
Enter: The amount you wish to deposit or select ‘user entire balance’.
Tap: Confirm
*TUSD is being selected in this example but you can choose the crypto of your choice.
To move funds back to your Trading account:
Tap: on the 'Earn' icon, located at the bottom of your screen.
Tap: on the 'Withdraw' icon.
You will see the funds you have available to transfer (in this example TUSD)
Tap: ‘Interest earning TUSD’
Enter the amount you wish to transfer
Tap: Done
Tap: Review
Tap: Confirm
Please note, it can take up to 7 days to complete the withdrawal, but all interest accrued during this process will be included.
You cannot use the regular exchange flow to move money into or out of your interest account at this time.
What is the minimum amount of time that I need to hold the balance to earn interest?
Because we use the minimum daily balance to accrue your interest, you will need to hold your funds in the Interest account for at least 2 full days (starting at midnight UTC) to earn and withdraw interest.
What is the minimum or maximum amount that I can deposit?
The minimum for transfers into your interest account is $5.00 or the equivalent of $5.00 in crypto.
There is no maximum limit to the amount that you can transfer into the interest account. You are only limited to the amount on your trading account, which you can top up via different methods.
Here are a list of deposit options available within the Abra app.
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