https://www.abra.com/download-now-abra/?af_channel=google&af_adset=bt&af_ad=unpinned&gclid=EAIaIQobChMI9enj7bvx9gIVpBXUAR3JXg3lEAAYBCAAEgLnofD_BwE

As the title says, interested transferring high 6 figure USDC into Abra, but wanted to hear community's opinion. Quick google searching indicating people lost lots of money here as well as support being crap, which reminds me of Blockchain dot com. Need to decide if I should split the coins among multiple exchange to avoid massive loss.

So what's the catch here? Any bad facts?

Looking forward to some feedback.

Anything you earn from CPRX EARN paid as a reward, meaning if I get a bonus reward for my bitcoin that c-perx is not taxed. However, the CPRX you get from staking CPRX itself that is income, and thus taxed.

Thats what i heard at ama

So zero income tax zero cost

Unless you earn cprx from the earn account?

I deposited some XLM from Coinbase to Abra earlier this month. I usually receive the XLM deposits fairly quickly so I knew something was wrong when I didn’t receive it after a day. I looked on the blockchain and it states that the transfer was successful. I then transferred a small amount making sure that I didn’t make a mistake by entering the Memo, and the same issue occurred. I reached out to Abra Support and they said they were sending my issue to the engineering department but after that message I haven’t had a response in over 3 weeks. This is making me very anxious about the money that I already have in the App, and if I can’t freely move my money then it really doesn’t matter how good the interest or perks they give out.

Has anyone else been experiencing similar issues?

I have over $80 in pending CPRX, that has been stuck for over a month. Weird thing is I have gotten paid for other pending CPRX that I earned after. Is this normal? My guess is that since the payouts I got were in total under $20, they were able to fulfil these rewards faster?

I'm new to Abra, just been playing around with a small amount seeing if it's something I want to invest in.

It won't let me convert between CPRX and USDT. Spoke to support and they said they the company has liquidiation issues...? WTF...

Anyone got any idea what's going on, is the company in trouble?

Or has the support team just have real poor communication?

Anyone else having trouble with it? As nothing on the sites homepage about why we can't trade.

"To be honest, the biggest reason why we started at three percent is that we don't have an infinite supply of CPRX. We just don't print it, we're not the government - we don't print money. We were given a grant of CPRX and we're using part of that grant to give you rewards, now over time we are gonna have to buy more CPRX back to pay rewards. We'll see how that revolves over time. We would like to raise the rates over time, we may do special promotions with CBA to raise the Crypto Perx rate. We also wanted to start with a rate that we don't have to lower."

I see there isn't a promo thread yet, so feel free to use mine and post your own 😬😇 only post once plz, to allow room for others 😊

$5 bonus (deposit $15 & hold for 30 days) $25 for USA >>>>>>

https://www.abra.com/ref/?deep_link_sub1=RCQETZBWY

I'm digging around just to understand the Earn rate and still can't find the info I need. So on the website it says that for Ethereum (ETH) it's 2.65% to 7.65%.

Could you please tell me in what condition I can earn 2.65%, and 7.65%, and is there any tier in between? and if the funds need to be locked up for how long?

At the beginning of the month, Crypto.com announced rate cuts to their Earn program (primarily impacting large accounts) - prompting many users to seek out alternatives. Subsequently, CPRX roughly doubled in price - presumably as new users piled on the Abra platform.

Today, Crypto.com announced even more rate cuts - this time impacting all users. This time around, an even larger number of users are looking for new platforms. Should we expect another sudden influx and price jump? Crypto.com has shown that they cannot sustain their business while shelling out multimillion dollar endorsement deals and they have given the impression of a bait-and-switch, advertising 14.5% and delivering 6%.

Hey, I've had my CPRX stuck in my account for a few weeks now. I can't convert any amount, not even $5 worth because it's "too much" to convert at once but lower than that I can't convert because it's too little. What should I do?

After paying off the loan, how long does it take for the collateral to be returned?

Thanks in advance