Basic Attention Token (BAT) is a token issued by the Brave team that rewards users for viewing ads, served by the Brave Rewards program. At the time of writing, Brave users have limited options in cashing out their hard earned BAT and converting it to fiat currency, such as USD. This is because of strict laws around the world, meaning Brave must be able to verify who exactly is buying, selling and earning BAT within it’s browser and ecosystem. Brave has employed the services of Uphold.com to take care of these KYC (Know Your Customer) requirements. According to a CoinDesk interview with Brave founder Brendan Eich, Coinbase support may also be added in the future. Brave has also recently partnered with Binance, via a widget within Brave browser, so things are changing in this space.
Withdraw BAT From Desktop Version of Brave
In order to withdraw your BAT from the desktop version of Brave browser, you must link it with a verified Uphold account. To get started with this, you are likely already enrolled in the Brave Rewards program, so open up Rewards, where you should see a area titled “Verify Wallet”.
You will be presented with a notice on the advantages of verifying your wallet, including the ability to withdraw your BAT.
Once you select “Verify Wallet”, you will be taken to Uphold.com where you can create an account and complete the KYC requirements, such as providing copies of your government identification and passports. These details may take some time to verify and you will be notified of the outcomes within a few days. Once you Uphold account is verified, you will be able to link it your Brave Rewards via the same “Verify Wallet” link.
Uphold is like any other exchange such as Binance and Coinbase, just not as well known. Once verified, you can change your BAT to fiat, withdraw, buy and convert to other crypto as you wish.
Withdraw BAT from Android & iOS Versions of Brave
As of writing there is no way to efficiently withdraw your BAT from Android or iOS wallets. Syncing between desktop and mobile wallets is a long overdue feature and frankly something that should have been included in the milestone version 1.0 release.
Not only that, there is also no backup or restore wallet functionality on mobile devices, meaning losing your phone, changing your phone or accidentally uninstalling Brave etc, results in losing your hard earned BAT.
There is a workaround however.
The current process involves signing up for the Brave Creators program and “tipping” the BAT to an account that you own. To commence this process, you will need either a website, a Reddit account, Twitch account, or Twitter account. If you have any of these you can easily add it in the Creator panel and tip your BAT to yourself from your mobile.
An important note however, this process still requires you to have a verified Uphold account, meeting those KYC requirements. Your Uphold account is also linked in the Brave Creators area.
Whilst this method does appear a little hacky, it is endorsed, you just need to be careful that you do not tip yourself the Grants that are given out from time to time.
There is a lot of work that needs to be done by the Brave team to get BAT withdrawals working efficiently and smoothly for it’s users, especially on mobile. The following are actively being worked on and have been acknowledged by the team.
- Wallet sync between devices
- Backup/Restore Wallet functionality on mobile devices
- Allow users to complete KYC requirements with other well known exchanges, such as Coinbase and Binance