This is what this series is all about and its quite understood from all the comments that I have received in the first part of this series. If you are here for the first time or have missed reading about the brave publisher program, well, it’s the best time to go back and read it:
Recently, I received my first payment of 577.44 BAT token, equivalent to 0.03 BTC, in my Uphold account. Now, the next step is to either keep these token in Bitcoin format or convert into fiat currency (USD, Euro, INR) or any other currency of your choice. Now, for a lot of users, this part is tricky, and that’s why I’m sharing this guide with you.
In the second part of this series, I will share some options to keep all your earned token as Bitcoin or convert into the currency of your choice. You can also keep the BAT token as it is and encash it sometime in the future. My recommendation? Convert it into Bitcoin (BTC) or your local currency.
Let me make it easier for you:
- If you don’t own any Bitcoin and are not in need of real cash for some time, it is better to convert BAT token into Bitcoin and keep it.
- If you need cash, convert BAT token into supported currencies such as USD, HKD, AUD, AED, NZD or any other.
- If you are in a country where your local currency is not supported, convert BAT token into Bitcoin and then into fiat.
Depending on your condition and understanding of this topic, you can make a decision.
Converting BAT Token To BTC And Then Fiat
First things first, the Brave Publisher program made it easier for publishers to decide in which currency they want the cashout. You will still earn in BAT, but you can choose if you want the cash out in other cryptocurrencies such as Bitcoin, Ethereum or any other that is supported by Uphold.
You will get an option to select your preferred currency at the time you log in to your Brave publisher dashboard. In case you missed it, follow these steps:
Inside your Brave publisher dashboard, click on change in front of “deposit currency” under Uphold wallet.
Select the currency of your choice.
In my case, I prefer Bitcoin as I feel its price will grow with time. At least till the time quantum computing doesn’t become a reality. And since Uphold doesn’t support my country yet (what a shame!), Bitcoin is an ideal choice for me.
If you are in a country where Uphold supports your banking system, you can pick the currency of your choice.
As I have selected BTC as my default currency, at the time of monthly payout of BAT token, I straight away received Bitcoins into my Uphold account.
If you would like to hold Bitcoin for a few years, you can keep it stored as your Uphold account. If the price of Bitcoin skyrockets or the amount of Bitcoin you are holding is really high, you should rather shift it to a wallet.
You can keep it on a mobile wallets like MyCelium, Samourai Wallet or order a hardware wallet such as Ledger or Trezor which is the safest way to store Bitcoins. The most important thing when storing your Bitcoin in your own wallet as mentioned above is, you should note down the seed word (make two-three copies) on a piece of paper and keep it safe. I know this may sound little complicated for the first time, but its not. Once you start doing this, you will be amazed at how easy all this new technology is because of the availability of user friendly tools and apps.
Withdrawing money to your bank account or use Funds for payment
Uphold is just like PayPal which not only supports fiat currencies but also supports crypto.
You can use the funds in your Uphold account to pay others or even order a virtual Mastercard to pay for your stuff online.
Here are the available options to use your funds on Uphold:
At the time of writing this guide, Uphold supports the following countries for direct bank withdrawal and deposits
“Austria, Belgium, Bulgaria, Croatia, Cyprus, Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Ireland, Italy, Latvia, Liechtenstein, Lithuania, Luxembourg, Malta, Monaco, Netherlands, Norway, Poland, Portugal, Romania, San Marino, Slovakia, Slovenia, Spain, Sweden, Switzerland, the United States and the United Kingdom.”
You can see the updated country list here.
If you don’t see your country name in the above list, don’t be disappointed. You still have the option to use a service called Payoneer. For example, my native country is India and using Payoneer I can receive payment from any service like Uphold that offers payment in USD, Euro, CAD, or a few other supported countries.
Payoneer is one must have service that every smart netizen should be using. Moreover, it’s free to join.
In the screenshot below, you can see the supported currencies by Payoneer:
Note: I have not tried Payoneer to withdraw funds from Uphold as I like to keep my BAT token earning in Bitcoin. However, this should work unless Payoneer doesn’t support uphold as it is a crypto related service. I urge you to try this or check with Payoneer support and let me how this works out.
Converting Bitcoin Into Cash
If you want to convert Bitcoin into cash, you have plenty of options. There are many exchanges now which let you convert Bitcoin into fiat, and you can withdraw it into your bank account.
Here are some of the services:
- Coinbase (The most popular one)
- Localbitcoins (P2P – eBay of Bitcoins)
- Bitbns (For Indian users)
Just look for the most popular Bitcoin exchange into your country, transfer Bitcoins from your Uphold wallet to your local Bitcoin crypto exchange and sell it. If you live in a country where Bitcoin or crypto trading is banned, using Payoneer or Localbitcoins is ideal. Or, you could HODL Bitcoins until Quantum computing is available.
Note: This is a personal opinion that Quantum computing might affect the complete Bitcoin and Crypto industry, as it will do the same for the overall technology landscape.
Summing It Up
Well, I have shared all the best available options for your BAT token which is free for any Blog, Twitch or YouTube channel owner. I look forward to hearing how much BAT token have you earned thus far and what you are doing with it.
Also, here are a few make money online articles that you should read next: