Crypto exchanges with leverage are sketchy. BitMEX requires no KYC, has an unofficial kill switch and is already so illegal that they could disappear with all of your money and still have the same amount of GTA wanted stars.
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.
- On the top right of side of the browser, there is a menu tab. Click it and then click “Brave Rewards.”
- Next to your BAT total, there is a button that says “Verify Wallet,” click that.
- Afterwards, it will take you to uphold.com where you enter personal information
- Enter your address, phone number, etc. then it will ask you to scan a QR code on your phone
- Open your phone’s camera and point it at the QR code
- Make sure to either have a passport, ID card or Drivers License, then take a picture of it and upload it to uphold.com
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.
Sendwyre announced today their product Wyre v2, which allows crypto purchases with super efficient KYC (know your customer regulations). On Wyre v2, users can purchase Bitcoin, Ethereum, Dai and USDC with Apple pay or Google pay.
As a nerdy gamer, I was excited to find out that Ethereum lists updates to their network in a similar manner to how Blizzard releases patch notes to World of Warcraft. As long as you know where to look on GitHub and can memorize one acronym, you’ll be ahead of the curve when it comes finding updates about Ethereum
Finding Ethereum updates
GitHub can be stressful and confusing to navigate as a new viewer. Luckily, on Ethereum’s GitHub, it only takes a couple clicks to see what’s being proposed, tested and implemented.
- Navigate to github.com/ethereum
- At the top of the page, under “pinned repositories”, click “EIPs”
- Click the folder called “EIPs”
- On the top right above the list, click “History”
Unfortunately, using the history tab is the only way to sort information by date. The history section sorts by commits which are new files or saved changes to a file.
“A commit, or “revision”, is an individual change to a file (or set of files). It’s like when you save a file, except with Git, every time you save it creates a unique ID”
What is an EIP?
EIP is short for Ethereum Improvement Proposal. You can think of them as patch notes that aren’t promised. There are three types of EIPs according to EIP1 which acts as a guideline.
- Standard Track EIP – any change or addition that affects the interoperability of applications using Ethereum
- META EIP – like Standards Track EIPs but apply to areas other than the Ethereum protocol itself
- Informational EIP – describes an Ethereum design issue, or provides general guidelines or information to the Ethereum community, but does not propose a new feature
EIP1 goes much more in depth than these descriptions, but will give you the gist of what you’re sifting through.
Finding current implementation
Ethereum Cat Herders is a community that helps Ethereum developers coordinate network upgrades. They recently were in charge of finding people to audit progPoW and have published straight forward updates about istanbul.
By following their medium page, you will likely find the most updates to Ethereum without having to read through GitHub. It is always beneficial to your understanding of Ethereum to get in the weeds a bit though.
After Exodus is installed on your computer, the most important thing to do is to set up security features — including a password and back up for your wallet. You are able to deposit and withdraw without doing so, but if anyone was to access your computer they would be able to send your money anywhere.