And nowhere is that more important than protecting your BAT in Brave Payments
The Best way to protect our BAT in Brave Payments is by terminating your contract with Uphold wallet as they charge higher fees than any “wallet” in THE ENTIRE CRYPTOCURRENCY ECOSYSTEM.
Uphold is really not a wallet at all but rather it’s a currency/investment management platform.
From a functional and practical standpoint, Uphold is a terrible fit for what the Brave Team is currently contracting their services for. It’s a bulky platform, with extensive verifications, the highest fees i have ever seen anywhere, and many features that are totally unnecessary to the needs of which it pertains to the BAT token and Brave Publishing.
In my view, Brave Users need an actual wallet service (think blockchain.info) instead of this totalitarian mandate of Uphold’s terribly expensive and impractical currency management platform
I am suggesting the adoption of a minimalist - type of wallet where there are no withdrawal fees or any fees AT ALL outside of the network fees. There are plenty of services that meet these requirements, but Uphold is not among them.
Uphold Charges a base fee of 3.99 USD + another fee dependent on the crypto you choose. That fee is charged to withdraw ANY amount of crypto from their platform (even .00001 BTC) and this was the point where i realized that this is not a wallet service at all…
Personally, I complete an average of between 8 - 12 transactions spread out across all of my crypto wallets - every day.
This would be a costly endeavor to fulfill using Uphold which would charge fees of between $35 to $50 dollars in base fees in addition to the actual network fees paid to mine or otherwise complete the transactions.
My perspective is that any company that charges a user $50 to complete a handful of trivial cryptocurrency transfers could be more accurately described as being a “Scam Site” than it would be being described as a legitimate Cryptocurrency Wallet Service.
I believe Brave needs to find alternatives to Uphold ASAP because although i have been 100% pleased with Brave, my forced integration with Uphold and smy experience with them so far has been a total nightmare and it has overshadowed the pleasantries of Brave and BAT. Please reconsider this immediately before all of my BAT belongs to Uphold.