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Saturday, 18 December 2021

Warning: Abra Wallet has (high) hidden fees

I did my first deposit in BTC on Abra last week (about 30eur) to get the referral bonus.

A few days ago I deposited an amount of almost 400USD in BTC and I traded them to USDT to check the best option to withdraw them.

I did this because there are no fees, as stated in the website, however if you check the " * " it says:

*There will be no transaction fees for exchanging between currencies, although Abra will make money on the exchange spread.

The stated fees were 0 also at the checkout, however if you convert the amounts in usd/eur you will find that the btc bought are less than the usdt sold: the amounts do not match.

Here a screenshot about the price difference between buy/sell.

They also offer a cashback program payed in cprx but I have never received them.

submitted by /u/Warm-Sun-7038
[link] [comments]

from Bitcoin - A Peer to Peer Electronic Cash System https://ift.tt/3J21DYy

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