Abra is a bitcoin wallet that lets you hold, send, and receive money in over fifty different currencies, including bitcoin.One question we often get is whether we have any plans to add support for digital currency alternatives to bitcoin, also referred to as “altcoins”.While we have no plans to add direct support for holding altcoins in the app, it is possible to fund your Abra wallet with altcoins using a convenient exchange service like ShapeShift.ShapeShift is a digital vending machine for altcoins.You put altcoins in and receive bitcoin or other altcoins back at the current exchange rate.Using ShapeShift you can deposit and convert your altcoins into bitcoin or any of the 50+ fiat currencies supported in the Abra wallet.Once the money is in your Abra wallet, you can then send to any other Abra wallet or bitcoin address and withdraw the money via bank or Abra Teller.Follow these steps to change your alts into bits with ShapeShift: Step 1.Install the ShapeShift mobile app or go to shapeshift.io in your web browser ShapeShift has a mobile app available for iOS and Android, and also has a web app you can access on their website at .

Copy your Abra wallet address Go to the “Add money” screen in your Abra wallet and select “Use bitcoin”.Copy the bitcoin address shown on the screen to your clipboard, then open ShapeShift.Select what altcoin you want to deposit into your Abra wallet In this example I’m going to transfer coins from my Zcash wallet into my Abra wallet.sms za bitcoinIn the ShapeShift app, I select “Zcash” as my sending currency and “Bitcoin” as my destination currency.bitcoin mystery solvedAfter selecting the altcoin you want to exchange, paste the address you copied in Step 2 into the “receive address” field.bitcoin kurs aktuellConfirm that the address you paste is the same as your Abra wallet address, then press “SHIFT” in the ShapeShift app to start the exchange.bitcoin roi calculator

Send the altcoins from your altcoin wallet to Shapeshift Using the “Quick Send” feature in ShapeShift, you can send any amount of altcoins that is greater than the minimum and less than the deposit limit shown on the screen.ShapeShift will automatically convert the altcoins into bitcoin at the current exchange rate.Confirm receipt of the deposit in your Abra wallet Within an hour or so (sometimes faster, sometimes slower, it depends on how busy the market is), the status of your ShapeShift exchange will change to “Complete” and you will receive a deposit notification in your Abra wallet.litecoin gpu nvidiaThis means that your ShapeShift deposit has been successfully converted from the altcoin you sent to ShapeShift into the currency that you’ve selected as your Abra wallet currency.pagare bitcoin con paypalIf you’ve made it past this step, then success!

You just funded your Abra wallet with altcoins using ShapeShift.Have you used ShapeShift to deposit altcoins into your Abra wallet?Is this a feature you’d like to see built into the Abra app?Let us know in the comments below!One company is suspending its services in New York, saying it needs to take a "moral and ethical stand" against a new state law regulating digital currency such as bitcoin.ShapeShift, a digital currency exchange that doesn't require users to make accounts, announced Thursday it is pulling its service from New York state because it does not wish to comply with the recently issued BitLicense.That new law asks digital currency firms to, among other things, record some personal identifying information of its users.ShapeShift opposes that effort."We either would have to do something we're not comfortable with or leave New York," ShapeShift CEO Erik Voorhees told CNBC."It's a moral and ethical stand we're going take."The BitLicense—drafted by the office of Benjamin Lawsky, New York's outgoing superintendent of financial services—seeks to provide consumer protection for digital currencies.

But it also moves to institute provisions like "know your customer," which authorities say are important to prevent fraud, money laundering and funding for terrorism.Read MoreNew York regulator issues final bitcoin rules Voorhees, however, said these goals do not justify the risk of exposing customers to a potential data breach—after all, he said, major companies and governments have proven unable to secure their data from hackers."We're not going to spy on thousands of people purely to make their job a little bit easier," Voorhees said of law enforcement, challenging the practice of opening up customers to potential identify theft simply to prevent drug money from "circling around."The New York Department of Financial Services anticipated some responses like ShapeShift's, according to a spokesman for the department."We always recognized that there is going to be some part of this community that is against even pretty standard financial regulatory oversight measures, such as anti-money laundering controls and other consumer protections," he said in a statement to CNBC.

"That said, one digital currency company has already received a license from NYDFS and a number of others have stated they intend to seek BitLicenses shortly."Read MoreWhy financial firms are investigating bitcoin tech "Ultimately, we believe that prudent regulation will be important to building greater consumer confidence in digital currency and sparking wider adoption," the spokesman added.If authorities went through the proper channels to collect information from ShapeShift, Voorhees said, then he would be willing to provide wallet addresses, IP logs and information on what devices were used to access the platform—but not names and addresses., Voorhees said, adding that he expects to sacrifice about 1 percent of volume on the decision.Others in the bitcoin world have also criticized the notion of applying "know your customer" regulations to digital currency.ShapeShift.io @ShapeShift_io ShapeShift.io @ShapeShift_io Exchange between digital assets instantly, no account required.