@MrZelix Brave Wallet is different than Brave Rewards. Let me explain a bit here more.
Brave Rewards
is the original part of Brave and it’s where we earn BAT. The BAT we get from Brave Rewards
is actually called vBAT. Those tokens can only be used to tip others or to sit in our wallets. If you’re Unverified, it stays that way and can’t be transferred to anything else. (For now, that is looking to be changed at an unknown date in the future).
When you Verify the wallet with Uphold or Gemini, that vBAT get exchanged and turned into BAT on the Ethereum Network. Once this happens, it can remain as BAT, converted to other cryptocurrency, or even “sold” and converted to fiat money (real cash).
All of that is separate from Brave Wallet
Meaning the vBAT in your browser or the BAT on your custodial wallets with Uphold or Gemini won’t show there. The current iteration of Brave Wallet
is kind of lame in my opinion, as it’s only used to store and transfer a limited range of cryptocurrency. Any crypto bought on Brave Wallet
has to be bought from Wyre at this point in time.
This is being expanded on and there’s more to it than is stated here, but I just wanted to say the basics. If you ever do go to use Brave Wallet
, I want you to realize that in order to transfer anything out of it, you’ll need to also have a cryptocurrency called ETH to use as “Gas.” It can be expensive based on prices, such as a person last year had to spend $30 in order to transfer $38 of currency out of it. I think a more recent was a person had to do like $20 to transfer about $100, but yeah…just to paint a picture. Things like that are more for investment and nothing to worry about if you’re just using Brave for Brave Rewards
and trying to fairly quickly convert that to cash.