I have watched a few youtube videos and topics here on the forums. Most said that i would have to transfer my BAT tokens to a cryptocurrency exchange that supports withdrawal (sorry if it sounds confusing, i am as well haha). I already have uphold, does that support direct withdrawal to my bank account without any BAT loss? (i have heard that users have lost bat whilst withdrawing the BAT from uphold). If not, what do yall use?
@Weme if you have linked your Uphold, then when that monthly payment occurs they will send whatever BAT you earned over to your Uphold account. Once it’s there, you can withdraw to your bank account that you have linked with Uphold, assuming you have done so.
If you haven’t linked your bank account with Uphold, you may need to do that and then likely will have to go through some additional KYC/AML steps with them.
Umm…no? BAT is a cryptocurrency. Any transaction made using a crypto token has a cost. The primary focus is gas fees, but there can be some small transaction fees as well.
So let’s look at an example. I have divided my BAT. Currently just in the “browser” is 12.325 BAT, which is about $2.85.
If I go to withdraw that from Uphold right now, they are only going to give me $2.76
So would it be free? No. Uphold details their fees at https://uphold.com/get-started/service-fees but I will say it’s small enough not to generally matter.
NOTE
If you didn’t use an exchange, like Uphold, and received the BAT payments directly, this is done on Solana network. In order to do anything with cryptocurrency sitting in your wallet, you have to pay gas. SOL would be the token used for gas on this. In order to move your BAT, you would have to pay buy SOL and have it as well. Then each time you withdraw BAT, you would have to use that SOL.
In order to turn it into money, such as to withdraw to your bank, you would then have to send it to an exchange or sell directly to someone. Each of these steps always has some sort of gas and/or service fee.
Another side note, keep in mind you’re going to have all sorts of people out and about. If you don’t know much about cryptocurrency to know about self custody vs custodial wallets, you may want to look into it.
Some complaints people will have about any custodial account is that those places are the ones that “control the keys” to the assets. If they detect fraud or have any concerns, they can close your account and sometimes choose not to give your funds back to you.
There have been people who refused to complete KYC/AML documentation or violated terms like participating in scams, sharing their account with people, etc. Those actions resulted in their accounts being closed and them unable to access their funds.
Often you’ll see these people then make posts somewhere about how it’s not fair and make themselves out to be the victims. Figured I’d share that as whether it’s Uphold, Gemini, Coinbase, or any other exchange, there’s always going to be those types of complaints out there.
Makes sense 
Yes, i clearly dont know it haha.
Gotcha