Brave Users Can (Finally) Cash Out Their BAT Tokens

Brave Browser users, take heart: the Basic Attention Token is starting to look like a complete ecosystem. Almost.

In addition to Twitter and Reddit tips and privacy-protecting ads, the creators of the decentralized web browser have added a new capability, allowing Brave users to exchange their tokens for fiat. That means, if you’ve spent the last year dutifully collecting BAT allotments, or watching Brave ads to earn tokens, you finally have a chance to spend them.

In a blog post published today, the Brave Browser revealed that with the latest desktop version (0.69), “users can choose to transfer Basic Attention Tokens (BAT) out of their Brave Rewards wallet and convert the tokens to many digital assets and fiat currencies…”

Previously, most users could only use their tokens for tipping and rewards, not withdrawals.

However, there are a few caveats. Since withdrawals are managed through Brave’s integration with Uphold, users still have to complete KYC, as well as pay the spread for an Uphold conversion. It also means that if you’re in a jurisdiction where Uphold doesn’t operate, like New York, your tokens might be stuck in your wallet for now. Read More...