I've also use this exchange sometimes whenever I want to sell some small amount of Bitcoins directly to my bank account, but I still don't fully trust them even they have better exchange rate compared to coins.ph. It is surprising that they also supported numerous cryptocurrency after they added Ethereum recently, but the problem here is you cannot send any funds on those wallets, they only provide Bitcoin address where you can transfer your funds. So you still need to sell your coins for Bitcoin to be able to use this exchange. For example you have Litecoin in your other wallet or exchange, you can't send it to Abra directly because they will not provide any Litecoin address for you, what you can do is fund your Bitcoin address (abra) then you can exchange that for those coins that they added but this is also questionable because you will never know if you really bought a specific coin since there is no address and blockchain record that is being provided.
It's fine since there's still a record of your deposit in block explorer's. But hey it's obvious that they don't have a wallet for their coins except bitcoin since you have to do the same process in withdrawing so they are just IOU's.
On a side note, this could just be another strategy to force users to use their exchange hmm... Anyway, Since they are operating in the PH, I'm guessing they are regulated by their government? Or not?
I give this wallet a try, it is the first time I hear about this wallet. I installed it in my Iphone 7+ and it is looking great, security is like decent wallets with passphrase and pin plus the phone number.
A little warning about their recovery phrase/passphrase, you can't use it in any wallet other than abra. It's a 13-word that always starts at "At" Errrrr......
