Is Brave Wallet as good as Brave’s ads and communications would have us believe?
I’ve been wanting to write about this for a long time, but I ended up leaving it there, as this subject is not one of the most searched for by the majority of the blogging public on the PortalParalelo.Com network. .
But since this is bothering me like hell, every time I saw an advertisement for Brave Wallet, it kept ringing in my head.
To begin my questioning, I will give a brief explanation of what Brave Wallet would be:
What is Brave Wallet?
Brave Wallet is a cryptocurrency wallet built into the Brave browser. With it, people using the browser can store, manage and trade their cryptocurrency portfolio. So far, nothing special, as the MetaMask wallet does exactly the same thing.
However, the difference with Brave Wallet is that it does not require extensions. It is native to the browser, reducing security risks and dependence on extra CPU and memory.
If you see the Brave Wallet ad, you’ll notice that they talk about a lot of things the wallet can do and so on…
The Brave Rewards rewards program
In addition to the wallet, Brave also provides browser users with a rewards program called “Brave Rewards“.
Since the Brave browser has a great built-in ad blocker, this rewards program pays you “BAT” tokens if you choose to see ads from Brave Ads. The promise is that you will receive 70% of the ad revenue that Brave receives from advertisers.
By participating in this reward program, your tokens accumulate. If you want to withdraw the tokens you must link an account with one of the Exchange Uphold or Gemini partners. After that, once a month, brave deposits your earnings into this linked account.
So far, so good, but now you must be asking yourself: What does one thing have to do with the other?
My question is simple:
Brave Rewards x Brave Wallet:
If Brave pays you in BAT tokens to view ads, and it has a wallet that receives these same tokens integrated into your browser, why don’t they pay your tokens directly into your wonderful, safe and spectacular wallet?
Because they only let you receive tokens (BAT) on third-party platforms Uphold and Gemini that require KYC and a bunch of fees and bureaucracy for you to be able to withdraw the tokens to a real wallet?.
They make a point of saying that Brave Wallet is a self-custodial wallet, which means that you alone have the ability to manage (or transact) your assets. But to have your Brave reward program tokens in your Brave wallet, you must create an account on a partner Exchange, send your documents, have the platform approved, receive your tokens on that platform, and only then try to transfer from the platform to your Brave wallet by paying transfer fees.
DOES THIS MAKE ANY SENSE TO YOU???
