BAT transfer in Brave Wallet - Feature Request

[Frozen_God]

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I have been using Brave for around 6-7 months for now and I have collected about 24 BAT. But due unavailability of wallets in my region (Uphold and Gemini in India), I would like to suggest a feature to the that is-

Transfer of BAT from Brave Rewards directly to Brave Wallet. I would love to see this feature. You guys can take off some BAT for transaction fee. This feature will no lt only help the community but also there won’t be any need for external wallets.

What i mean to say is, we can directly transfer BAT to our brave wallet unlike now, where you have to buy crypto and then it will be added in the wallet.

I think this would be way to efficient and easy and a game changing update.

Please do think about this.
Thank you

[SmartyAadi]

Hey, this feature has been in the talks since a long time.
I’ll suggest you that you read this short answer →

Brave have to add a new payment wallet to solve region problem

They would need to do KYC/AML from their side. This would also be against their mission of not storing User data, so I don’t think that would be possible. Also they would need to get certain Licenses from each region which is just going to complicate things for them. Also they would need to report everything to the Government and stuff so Short answer → Not Possible

In this I’ve tried to explain why this feature isn’t possible.

Also you can get more details at the page below →

-Retired- PSA: User FAQ - Support & Answers

NOTE This is retired as of December 14, 2022. My hopes are to eventually create a new FAQ with a different format. Be advised there have been changes and will be some changes in early 2023 that will make some of the details here inaccurate. That said, below is the FAQ I had made: GENERAL INFO

What is the purpose of Brave Community?

Brave Community is a place for users and staff to assist each other in identifying and resolving issues, suggesting new features, and sharing updates on things tha…

[Saoiray]

@Frozen_God

Transfer of BAT from Brave Rewards directly to Brave Wallet.

This is technically happening next year. However, unless things change, you’ll still have to KYC/AML with a custodial partner like Uphold or Gemini if you want to send it anywhere or withdraw it. That said, Rewards is being moved over to be part of Brave Wallet rather than two completely separate entities.

@Frozen_God

Uphold and Gemini in India

India is still supported by both I believe. Issue right now is on Brave’s end and will be getting added again. It’s just taking them (Brave) forever to get things resolved. Believe it or not, Brazil and India are the top priorities to be added again.

@Frozen_God

This feature will no lt only help the community but also there won’t be any need for external wallets.

Unfortunately, that’s not the case. Our pesky governments have made laws and are trying to heavily regulate cryptocurrency. While Brave could get money transmitter license(s), collect all users personal information for KYC/AML, report all of your earnings and personal information to the government, etc…it just would be too costly and introduce a lot of risks for both Brave and Users.

Having us use third party exchanges like Uphold or Gemini gives an extra layer of protection for everyone. I know a lot of people don’t recognize this, but the more we break up data the better. I mean, can you imagine Brave having all of these extreme details about everyone? It would be paradise for governments and hackers, where you can have everyones ID/passport, social security numbers, bank accounts, browser history, location, user names, password, and much more all gathered into one place. By spreading it out, it makes people jump through more hoops and even if there ever is an issue in regards to a data breach or anything, they’ll only be able to get a small portion of any of that data.

[Frozen_God]

Thank you for answering and all the knowledge shared

[zootyleon]

@Saoiray

This is technically happening next year

Waiting for this. Would be great if it actually happened

[Aman_M]

@Saoiray

Having us use third party exchanges like Uphold or Gemini gives an extra layer of protection for everyone. I know a lot of people don’t recognize this, but the more we break up data the better. I mean, can you imagine Brave having all of these extreme details about everyone? It would be paradise for governments and hackers, where you can have everyones ID/passport, social security numbers, bank accounts, browser history, location, user names, password, and much more all gathered into one place. By spreading it out, it makes people jump through more hoops and even if there ever is an issue in regards to a data breach or anything, they’ll only be able to get a small portion of any of that data.

Wah. This whole thing is very nicely written. Thanks for sharing it. And hats off to Brave for being diligent towards User Privacy & Data Security.