Withdrawal your BAT Rewards from Uphold without High Gas Fees
So for a long time, I had no clue how to withdraw my BAT rewards to a wallet without paying Gas Fees but in the end, I figured it out.
I thought I was the last person on earth figuring it out so I never planned on sharing... till I met someone this week that also did not know how to do it.
Thanks to @tstn I finally tried to withdraw my $BAT earnings from Brave ads. To withdraw 14 BAT, I'd have to pay 13 BAT in fees For full disclose, I've verified my account on uphold. I couldn't find an option for different chains (I wanted to withdraw to Polygon), but seems like it's only on Ethereum. With only less than 100 ads I'm getting monthly, it seems like I may actually have to wait for ETH consensus layer (eth2.0) to finally cash out my BAT earnings.
So to help him out and possibly others here we go:
Step 1 - Log in to Uphold
Log in open your Brave Browser card and select the send option.
Step 2 - Select Bitcoin Cash
I will select Bitcoin Cash (BCH) because of it´s low fees- But Looking at those fees again BTG might be the cheapest option. Please DYOR but I will use BCH.
So you will have to scroll down till you see Bitcoin Cash:
Step 3 - Your BCH Address
I initially tried it with my standard BCH address:
bitcoincash:qqesav8kuwcrhl4y8qs9zfjg90cf8dnlkyz43u9w6u
But this was not accepted, hence I used my legacy BCH address which was accepted.
Now I have been doing this in the past but I never paid that withdrawal fee. But it seems that at least since Oct 2021 there is a flat rate withdrawal fee of $2.99 for BCH.
Step 4 - Authenticator App
More and more we get prompted for 2-step verification using the autjenticator app. A bit more hassle a lot more security:
Once confirmed you should receive the following notification in the right top corner.
Step 5 - The waiting starts
As I am using the BCH network it should be going quickly and it did. In 20 minutes the transaction was completed.
Suprise Suprise
So I was a bit supprised by the withdrawal fee because I did this 2 times before and never paid it. Last time was November, although as mentioned this fee existed prior to November. So if anyone can explain why I did not pay that fee before that would be great.
Money saved
But at least you are now only paying a 3 dollar fee and couple of cents for the transaction and not a $3 dollar flate rate and a $10+ Dynamic Network fees as you would do moving it to BAT directly.
Now I was advised that sending it to the bank and then using your backaccount to buy crypto is a bit more work but Uphold will not charge you any fees for a withdrawal to your bank account.
But I will have to try that myself next time I have $10 in BAT rewards, and let you know if it works.
Hope that is an easy way to save yourself some money in fees.
And if you are looking for other easy ways to get some free crypto or save yourself some fees read my other articles.
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Did you know BTC withdrawal fees on Exchanges go from FREE to $64???
Topic - Torum
TORUM - Getting Free XTM is hard work
Have a heavenly rest of your day and do not forget to hit that like button on your way to your first crypto million.
Post Scriptum (Yes, that is what PS stands for 😁)
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Exchanges where I trade Crypto (Affiliate Links):
BitVavo Exchange- European. Higher trading fees (0.25 %) & Great Customer Service - https://bitvavo.com/?a=C21A94C2FD
Kucoin Exchange - Hong Kong. Okay, trading fees (0.1 %) & Contains a lot of low cap gems. Customer Service takes time - https://www.kucoin.com/ucenter/signup?rcode=rJ821BX&lang=en_US&utm_source=friendInvite
Bitmart - Global (USA allowed) Low, trading fees if you use BMX (0.025 %) & Contains a wide variety of coins - https://www.bitmart.com/en?r=7XFCVy
Places where I do Liquidity Mining and Staking
Celsius. Celsius Network provides a platform of curated services with fair interest, zero fees, and lightning-quick transactions. You can store your crypto and get rewards or lend crypto with low fees. Celsius has been around since 2017 and stated to always have the best interest of the community in mind. My experience so far has been good although I will not stake all my crypto with them...NYKNYC
https://celsiusnetwork.app.link/1046126043
Disclaimer
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Is there a way to get these BAT tokens without kyc?