How to withdraw BAT from Brave Browser and turn it into cash

In order withdraw the BAT (Basic Attention Token) you earned from Brave browser, you will need to verify your identity. This is because of something known as Know Your Customer (KYC) regulations that help the government track money. It’s something that is frowned upon by crypto enthusiasts who value privacy, but is necessary for companies to be in good terms with particularly the US government.

How to enable BAT withdrawals through Brave 

So, if you want to withdraw your BAT and allow it to be exchanged for cash, you will have to start at the “Brave Rewards” screen.

Brave BAT withdrawal page

  1. On the top right of side of the browser, there is a menu tab. Click it and then click “Brave Rewards.”
  2. Next to your BAT total, there is a button that says “Verify Wallet,” click that.
  3. Afterwards, it will take you to uphold.com where you enter personal information
  4. Enter your address, phone number, etc. then it will ask you to scan a QR code on your phone
  5. Open your phone’s camera and point it at the QR code
  6. Make sure to either have a passport, ID card or Drivers License, then take a picture of it and upload it to uphold.com

KYC requirements

The Verification process usually takes 24 hours during business days, but it could take longer than that.

How to turn BAT into cash 

Uphold allows users to connect bank accounts as well as crypto wallets, so on their website all you will need to click is “send to bank account.” Ofcourse, you will have to set up your bank account which requires a routing number, account number and more verification time.

Once you select how much BAT you would like to send to the bank account, simply confirm the transaction. Before it is officially deposited, you will be charged an exchange fee of around 2%, and you will have to wait for your bank to accept the transaction, which can take up to 24 hours.

Uphold

Dollar-cost averaging into Bitcoin at the worst possible time would still leave you in profit

When learning about Bitcoin and the stock market, often times one will consider day trading before even knowing what dollar-cost averaging (DCA) is. This is because dollar-cost averaging is super boring. It requires patience and doesn’t trigger the euphoria of imagining a leveraged trade making you more in a day than your job pays per month.

Still, DCA is probably one of the smartest ways to manage an investment. Chances are, you don’t have time to learn the ins and outs of a market and even if you do, you’ll likely be losing money for a significant amount of your learning process. less than 10% of day traders make money, so before taking the risk, check out the returns you can get from dollar-cost averaging.

How to calculate Bitcoin dollar-cost averages

Dollar-cost averaging is pretty simple. It’s a technique where you deposit an equal amount at a consistent frequency over a certain amount of time.

One of the easiest ways to learn what you could have made by dollar-cost averaging for a certain amount of time is on dcabtc.com. Here, you can set up imaginary situations to see what you missed out on. First, set up the amount deposited, then choose the frequency, then how long you have(‘nt) been accumulating for.

So, let’s prove how effective DCA is by starting to accumulate during the beginning of the biggest crash Bitcoin has seen, in January 2018.

As you can see, if you had started investing equal payments every other week into Bitcoin since January 2018, you would have received a total of 26.66% return. I chose to deposit $100 bi-weekly, which landed with around $1,400 in profit, but if you had deposited $500 bi-weekly, total profit would be around $6000.

Now, let’s say you were a bit smarter and didn’t start averaging at the top of Bitcoin’s parabola. If you had invested $100 bi-weekly after Bitcoin’s final capitulation in December 2018, your returns would be increased to 50%. This would result in $1400 of profit within about 12 months.

Why averaging in is effective

If you think about it, it’s kind of difficult to keep putting money into an asset when its value is decreasing for months at a time. Markets tend to reward those who are psychologically strong. The easiest way to not falter and pull out is to set up recurring payments on an exchange like Coinbase and never look at the price.

The effectiveness of DCA also depends upon the asset you are investing in. You wouldn’t see the same results averaging into XRP, which is why it’s smart to pick an asset that has proven long term growth.

There is still risk to dollar-cost averaging, but it mitigates the risk of dumping tons of money into an investment at one price point, and it doesn’t rely on you keeping track of the market. These techniques can be used on any type of investment like gold, Apple or Tesla.

How to convert your SAI to DAI (MCD) and migrate CDPs

Soon, MakerDAO will be cutting support for SAI to focus on the upgraded stablecoin, DAI. This means that anyone who holds SAI on an exchange, in a wallet, or has a SAI CDP will need to convert their holdings to DAI. Eventually, MakerDAO will be initiating a global settlement phase, where DAI will be subject to more extreme volatility.

Preface: Traditional DAI is now called SAI and Multi-Collateral DAI is referred to as DAI. This is because the former DAI is single-collateral DAI, only backed by Ethereum and the upgraded, Multi-Collateral DAI can be created with various assets.

You’re holding in an Ethereum Wallet

If you have SAI laying around in a wallet for whatever reason, Maker has made the conversion process very easy for you. They have not listed support for specific wallets, but as long as it is ERC-20 and Web3 compatible, you should be able to login to their site with it.

  1. Go to migrate.makerdao.com
  2. Login with your wallet
  3. Choose how much SAI you would like to convert
  4. After confirming, DAI will appear in your wallet

The only requirements that Maker acknowledges is that it is a wallet where you hold your private keys.

Converting a CDP 

If you have a SAI CDP, you will have to move it to the “MCD CDP Core” through the same migration service that holders use. If your CDP was created on Instadapp, there it will require an extra process of taking ownership of your CDP.

There will be an unspecified, but generous amount of time in which users can migrate their CDP. Users will not have to pay their CDP back in full, but are required to pay a stability fee during the transaction. If a user is holding a large CDP position, it will not go through unless there is enough liquidity to cover the migration.

  1. Go to migrate.makerdao.com
  2. Login with your wallet
  3. Select CDP to be migrated and click migrate
  4. Submit transaction, if requirements are met, the CDP will migrate

Your DAI is on an exchange 

You won’t be able to convert SAI to DAI from any exchange at launch. This means that you will need to find an Ethereum wallet so you can send your SAI over and log into Maker’s site. We recommend MetaMask as it is one of the most popular and easy to use Ethereum compatible wallets.

  1. Create Ethereum wallet on a Web3 compatible browser like Chrome, Brave or Firefox.
  2. Head to the withdraw page on your exchange and enter your wallet’s address
  3. Add a small amount of Ethereum to your wallet to cover any gas charges (<$5)
  4. Follow steps from the “You’re holding in an Ethereum wallet section above”

It shouldn’t be too stressful

Maker has historically been on top of the game in regards to user interface and experience. They have always had a straightforward method of creating CDPs and voting for changes with DAI. Judging by their record, your transitioning experience should go pretty smoothly.

WTF is MetaMask!?

Hmmm… At decentralized exchange sounds kind of cool, I mean.. Bitcoin is so popular because it’s decentralized..

Is it easy to sign up though.. ? *clicks*

“Connect an Ethereum wallet to get started.” *clicks*

“Download MetaMask” – idk what meta mask is.. that sounds complicated.. maybe some day

WTF is MetaMask anyways? It’s usually the top option when using any decentralized application, so you’re bound to come across it while venturing through Web 3.0.

To convince you to keep reading, here’s a spoiler: It’s easier to use than a Facebook account.

How to set up MetaMask

The one caveat to setting up MetaMask is that you can’t be using the Edge or Safari web browser. The best MetaMask compatible alternatives are Brave, Chrome, Opera and Firefox. After you have the browser, the steps are pretty univesal.

  1. Search “MetaMask download “your browser” (or click links to browsers above, they link to MetaMask extensions)
  2. Download the MetaMask plug-in from your browsers’ website
  3. Authorize your browser to install MetaMask
  4. MetaMask will pop up and ask you to create a password
  5. Next, you will write down the 12 word phrase that it gives you
  6. You’re done. Excellent skill.

The password will allow you to access your wallet from where you installed it, and the 12 word phrase allows you to access it from any other computer or program. Losing this phrase would mean that you will never be able to recover your funds or virtual identity if the device is compromised.

Crypto storage feature

MetaMask plays two important roles in the Web 3.0 environment. Since it’s called a “wallet,” the most obvious use is that it can store your crypto. This wallet is more niche than others because it can only store ERC-20 compatible crypto, which means no Bitcoin.

The niche MetaMask fulfills is being very accessible to decentralized applications (dApps) built on the Ethereum network. Most widely used decentralized applications run are built on Ethereum because it is the most popular blockchain network that supports smart contracts. Smart contracts allow developers to build applications.

Right now, the most popular dApps with tangible use cases involve decentralized finance (DeFi). DeFi includes trading, lending, borrowing, and generally, managing assets in a decentralized manner. The DeFi ecosystem doesn’t involve much Bitcoin because of incompatibility. There are ways to “wrap” Bitcoin, essentially making an ERC-20 token with the value of Bitcoin, but most big dApps don’t use it.

So, MetaMask focuses on storing the things that dApps do use, which is all related to Ethereum.

MetaMask Identification

The ability for MetaMask to act as identification is way more cool and interesting than its storage capacity. Simply put, it replaces the traditional experience of signing in when using a dApp.

One dApp in particular, peepeth, acts as a decentralized twitter built on Ethereum. Instead of signing up with a username and password, you can use your MetaMask signature. If Web 3.0 grows in the future, this will in theory replace the signing in process and make your online accounts as secure as your crypto wallet.

A downside is that in order for you to sign in on new devices, you will need the 12 word keyphrase to recover your wallet. So if you signed into peepeth on your friends phone, they could snatch it out of your hands and have full access to your crypto wallet. This could be solved by having separate key phrases for identity and storage, or by opting for a traditional username/password sign in.

Summary

MetaMask is a wallet with traditional storage features that can also prove your identity to the Ethereum network. It has many of capabilities within the Ethereum network, but essentailly none outside of it.

In order for MetaMask to stick around, Ethereum’s plans to be able to scale and stay secure with a proof-of-stake update need to come to fruition. If this update is successful, it will be less costly and more time effective to build and transact in Ethereum. This will theoretically bring more developers and users onto the network, where Web 3.0 will be built.

This wallet is the leading solution to interact with Ethereum, but it Ethereum’s future is not certain. Projects like Telegram’s TON, TRON, Elrond and many others are all aiming to be the blockchain network that people will build the future of the web on. In the meantime, those who do want to explore Ethereum are in good hands with MetaMask.

[Update: October 2019] Top 5 best GPUs for a Monero mining rig

If you’re just getting into Monero mining, you probably find yourself asking the age-old question every good cryptocurrency miner is confronted with: What graphics card should I choose? Choosing a graphics card is by far the most important decision a miner can make. A graphics card decides whether you turn a profit or hemorrage money. A graphics card will make or break your rig. It’s critical that you choose the very best graphics card for your budget.

Navigating the maze of manufacturers and their respective GPUs can be a massive headache. And finding out which of these GPUs will actually turn a profit is a nightmare. To add even more fuel to the fire, some GPUs may require heavy tweaking (such as flashing the bios of a RX 580 to that of a RX 480). Luckily, we’ve put together a list to help you find the very best GPU for your budget, to make sure you get the very most out of your mining rig.

Best graphics cards for mining Monero

Radeon RX 5700

Hash rate: 1100 H/s | TDP: 92W | Memory: 8GB

Although not too exciting in of itself, the Radeon RX 5700 performs surprisingly well for a budget-oriented GPU. A single card manages around 1100 H/s. Mining with six of these cards will show a hash rate of around 6600 H/s. Taking its price into consideration, the Radeon RX 570 may be the best card on this list in terms of price-per-performance. If you’re getting into mining primarily as a hobby, this is the perfect GPU for you. If you ever get bored of mining Monero or just want to switch to another currency for whatever reason, repurposing this card to mine something else is a very simple task, as this card performs well across the board for many different cryptocurrencies.

Where to buy: Amazon

AMD Radeon VII

Hash rate: 3000 H/s | TDP: 275W | Memory: 16GB

Some people are calling this the best mining card ever, and with tests averaging above 2800 H/s, we’re inclined to agree. The Radeon VII runs for about the same price as a GTX 1080ti but achieves almost three times the hash rate power for Monero. While it turned out to be a bit underwhelming for gaming, it is a testament to how much more efficient AMD cards are for mining. This is definitely a top tier GPU and the most expensive on our list, but with a a significant lead over the competition, you get what you pay for.

Where to buy: Amazon

Radeon Vega 64

Hash rate: 2200 H/s | TDP: 250W | Memory: 8GB

At a price point between the RX 5700 and Radeon VII, Vega 64 is a great mid their option. Although this card is much older than AMD’s recent RX series cards, it still manages to pull its weight better than most GPUs on the market, including many newer alternatives by AMD. With it, you’ll be managing a hash rate of around 1100 H/s, which is a noticeable improvement over the GTX 1080ti. Even during the recent unpredictability of the GPU market due to global shortages, the AMD HD 7990 manages to be much cheaper than other GPUs, including the GTX 1080ti, making it a perfect choice.

Where to buy: Amazon

AMD RX Vega 56

Hash rate: 1800 H/s | TDP: 110W to 160W | Memory: 8GB

You may recall this card making headlines last year as AMD made a refreshing move to enter the high-end GPU market. Although things didn’t pan out for AMD in the gaming market as many consumers had hoped, it has certainly made its way into the hearts of hardcore cryptocurrency miners for it’s superior performance in relation to much of the competition.

With a hash rate of around 1800 H/s, it blows away the AMD HD 7990 and GTX 1080ti. That is not to say, however, that it doesn’t come with a burdensome price tag. If you’re planning on building a multi-GPU rig, this card performs surprisingly well as it combines it’s effort with a twin. Two RX Vega 56 GPUs will return a hash rate of around 3600H/s, which is incredibly impressive.

Where to buy: Amazon

Sapphire Radeon RX 580

Hash rate: 1000 H/s | TDP: 110W | Memory: 8GB

With prices starting under $200, it can make a lot of sense to get a few of these GPUs instead of one Radeon VII. The ultimate budget option for Radeon is still very close in comparison to the $800 GTX 1080ti. You won’t be booting up many triple-A  titles with this GPU but sticking more than one of these into a mining rig is will give respectable results. The only downside to buying many of these is it will never be as expandable as buying a Radeon VII now and saving up for more down the line.

Where to buy: Amazon

Have feedback or thoughts on how we can improve this guide? Leave a comment.