【Updated 2022.6.16】The Swagbucks sign-up bonus has increased to 10000SB (worth 100). You only need to open an account and deposit $25. This can also be stacked with Abra’s referral bonus (invite code BO10) of $25 plus a $10 deposit bonus, for a total profit of $135.

About Abra

Abra was founded in Silicon Valley in 2014 by former Goldman Sachs software engineer Bill Barhydt. Abra originally started as an app for international money transfers. Thanks to the company’s growth, it has raised more than $85 million in funding since 2014, attracting interest from major global investors including American Express and Arbor Ventures. Users can now invest in more than 110 cryptocurrencies on Abra, and the platform positions itself as the Robinhood of digital currency.

Main Features of Abra

  • Abra allows users to invest freely in more than 110 cryptocurrencies and fiat currencies. Users can also send and receive a variety of digital currencies, including Bitcoin (BTC), Litecoin (LTC), and Ethereum (ETH).
  • Abra offers interest on cryptocurrency deposits, with APYs as high as 10%. This is similar to how traditional banks pay interest on fiat deposits. Currently, staking is supported for multiple cryptocurrencies including BTC, ETH, USDT, USDC, PAX, and TUSD. For details, see Abra stake digital currency staking overview
  • Abra is a cryptocurrency wallet focused on crypto storage. Unlike Coinbase and Gemini, the Abra wallet is a true non-custodial crypto wallet. A non-custodial wallet typically takes the form of a file or a recovery phrase made up of 12-24 randomly generated words. The advantage is that only the user can access the wallet; the downside is that if the password or key is lost, the wallet is permanently unrecoverable. Centralized crypto exchanges such as Coinbase, Binance, and Gemini provide custodial wallets instead. When users use those exchanges, their wallets are held by the exchange. The downside is that users do not have full control over their wallets, and funds may be at risk due to uncertainties such as hacking or exchange bankruptcy. The upside is that even if a password or key is lost, users may still be able to regain access to their account funds.

How to Open and Use an Abra Account

Sign up for the Abra app, a cryptocurrency wallet, through Swagbucks. After successfully opening an account and depositing at least $25, you can earn 7500SB (worth $75). This can also be stacked with Abra’s referral bonus (invite code BO10) of $25 plus a $10 deposit bonus, for a total profit of $110. If you are not familiar with Swagbucks, see our earlier guide:

If you have not signed up yet, feel free to use our referral link:

On the Swagbucks homepage, search for Abra and look for the following offer:

Then send the download link to your phone and continue from there. During registration, when asked “Have a Code?”, enter invite code BO10, then fill in your name, date of birth, address, SSN, and other information, and complete ID verification. After verification, link a bank account and deposit at least $25. No trading is required. If you choose other payment methods such as a credit card, fees will vary depending on the deposit and withdrawal methods selected. See: https://support.abra.com/hc/en-us/articles/213435307-What-fees-does-Abra-charge-

The 7500 SB reward from Swagbucks will pend for 32 days,

The $25 referral bonus and $10 deposit bonus are paid in the form of CPRX cryptocurrency and will also post after 30 days.

To avoid having the bonus clawed back, it is recommended to wait 90 days before withdrawing your deposit and rewards. One important note: when you first register for an Abra wallet, make sure to write down the seed phrase (12-24 recovery words). This is very important, because if you lose it, it cannot be recovered. To complete this account opening offer, you only need to deposit at least $25 and keep the balance in the account for more than 30 days. There is no need to trade crypto. This $110 account opening bonus is very easy to earn, so don’t miss it if you have not signed up yet.