Alternatives to Uphold for buying BAT

payments

#1

I very much want to try Brave payments with BAT, so I need to buy me some BATs. I tried this Uphold thing, but I don’t like:

  1. They demand your cell phone and your picture ID before you can plug even a little bit of money (doesn’t apply if you got your bitcoin elsewhere, apparently).
  2. There is a minimum of 50 dollar transaction for funding your wallet, and a minimum of 75 euro for a SEPA transfer.
  3. If you forget about them for three months, they will start collecting fees from your account.

I think this might put off other people as it does put me off. Apparently there are several alternative exchanges, but I don’t know about them. They sure have their issues.

I thought it would be nice to have a post in this forum with the alternatives sorted off, clear conditions, etc. Not the whole thing, just the features that are important for a newbie to start using payments for the first time, using their fiat currency. Existing bitcoin users don’t need this post.

Something like this:

Uphold:

  • Requires cell-phone for two-factor authentification. Apparently, it doesn’t have to be a smartphone.
  • Requires a picture of your official ID (passport, driving license, state ID)
  • Requires a clear picture
  • Accepts ACH and SEPA transfer for adding funds
  • Does not accept credit card for adding funds
  • 1.95% fee for fiat -> BAT
  • Collects 1USD/month if you do not add funds, or move money in 90 days, 5USD/month if you do not add funds, or move money in 180 days, 10USD/month if you do not add funds, or move money in 360 days. Moving money from your fiat card to your wallet should be enough.

#2

Maybe you would like to ask about that on https://basicattentiontoken.rocket.chat/.


#3

Thanks, suguru. That chat is not exactly for newbies, but I’ll try to grab some information, clean it up and report back…


#4

Just to be clear: I don’t think it’s terrible that a creator has to identify in order to get paid in fiat currency. I understand brave must comply with AML/KYC (Anti Money Laundering / Know Your Customer, but for a fella that wants to drop some cash into their favorite publishers, the conditions are too much. I have never been asked to show my ID on the internet, for neither donations, crowdfunding, or shoping.


#5

It seems there are no alternatives today. But in the brave payments FAQs it says

In the future we will add the ability to directly fund your wallet with a credit card in the browser.

So I guess we’ll have to wait…

bat-stephen on the BAT CHAT told me also about the upcoming User Growth Pool, in which apparently there will be other opportunities to get some BATs…

Will stay tuned!


#6

Yeah, I see many services related with cryptocurrencies share the same difficulties in adding funds directly. Let’s see if it’s fixed soon!

Thanks,


#7

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