Ripple (XRPUSD)

[hitman558]

Abra's limits are awful. You're limited to $2000 daily, $4000 weekly and $8000 monthly. Their exchange limits are very dangerous. Let's say Bitcoin is at $10,000 and you have $10,000 in your ripple wallet. $10,000 in your litecoin wallet and $10,000 in your ethereum wallet. Cryptos start to crash and you want to lock in profits and exchange to all US dollar. You are only allowed to exchange up to 1 bitcoin price daily. Meaning, if bitcoin drops to $9000, you can only exchange up to $9000 in your total account. That leaves you with $21,000 at the mercy of your wallets. If bitcoin continues to drop to say $8000 the next day, you can only exchange up to $8000 of the remaining $21,000 in your account. This isn't investing, it's gambling. FYI, if you hold only bitcoins, there are no limits and you can exchange as many as you want.

Abra is very easy to use and, if your looking for other coins that you can't get on another exchange, it has a nice selection. If you're planning to hold long term and don't care about the crashes, it's a great site. If your looking to grab profits whenever you want, you're at the mercy of bitcoin and it's a gamble.