Last updated on November 19th, 2021
This is great as you’re earning some passive income while browsing the web!
The BAT you’ve earned will be deposited into your Uphold account.
However, if you’re not from these supported countries, you will be unable to withdraw your BAT for cash!
So how do you go about withdrawing BAT from Uphold?
Here’s what you need to know:
How to withdraw BAT from Uphold
Here are 8 steps you’ll need to withdraw BAT from Uphold:
- Go to ‘Transact’ at the right of your dashboard
- Select the account you wish to withdraw BAT from
- Select the amount of BAT you wish to withdraw
- Select your destination
- Find the address of your external wallet
- Paste the address of your external wallet in Uphold
- Review the transaction
- Receive BAT in your external wallet
#1 Go to ‘Transact’ at the right of your dashboard
When you go to your Uphold dashboard, it can be rather overwhelming.
If you want to withdraw BAT, you’ll need to focus on the ‘Transact‘ tab which is at the right of your dashboard.
#2 Select the account you wish to withdraw BAT from
The first thing you’ll need to select is the ‘From‘ field.
This allows you to select where you want to exchange your tokens from.
If you’re withdrawing BAT from your Brave Browser wallet, it should look something like this:
#3 Select the amount of BAT you wish to withdraw
You’ll need to enter the amount of BAT you wish to withdraw from your wallet.
#4 Select your destination
For the next step, you’ll need to decide where you want to send your BAT to.
If you are from one of Uphold’s supported countries, you are able to send your BAT to your bank account.
However, you may not be from a country that is supported by Uphold! In this case, you’ll need to send your BAT to another crypto platform that allows you to sell BAT for a fiat currency.
You’ll need to look for ‘Crypto Networks’, and select BAT as the network you want to send your BAT to.
If you select the wrong network, your BAT will be lost forever!
You will be able to preview the fee that you’ll need to pay.
The network fee can be really hefty! If you intend to only send small amounts of BAT, I would recommend waiting a few months to earn more BAT first.
#5 Find the address of your external wallet
You will be asked to give the address of the external wallet that you wish to deposit your BAT to.
At this time, you’ll need to find the wallet address on the platform that you want to receive BAT.
For this example, I will be depositing my BAT into Gemini. As such, I’ll need to retrieve the wallet address from Gemini.
When you’re copying the wallet address, don’t forget to copy the entire address!
If you miss out any number or letter in the address, your BAT will be lost forever too.
#6 Paste the address of your external wallet in Uphold
After retrieving the address from your external wallet, you’ll need to paste it into Uphold.
#7 Review the transaction
Before sending your BAT to your external wallet, you can review your transaction one more time.
After that, you’ll need to authenticate the transaction with your 2FA.
#8 Receive BAT in your external wallet
After approval, your BAT will be sent to your external wallet.
Depending on the network usage, it may take a while before you receive your BAT in the external wallet.
Where can I withdraw my BAT to?
Here are 9 options that you can consider withdrawing your BAT to:
Gemini allows you to deposit BAT into your account.
You can choose to sell your BAT immediately via Gemini Exchange.
However, the fees can be really high, especially if you’re only selling a small amount of BAT!
Instead, you could try to use Gemini’s Active Trader instead.
There are 3 trading pairs on the platform with BAT:
If you want to sell your BAT for EUR, GBP or SGD, you’ll need to make at least 2 trades.
The fees are much cheaper as you will be charged up to 0.35%.
You can earn interest on your BAT on Gemini too
If you intend to hold onto your BAT as you see its value increasing in the future, you can send your BAT to Gemini Earn.
Gemini loans out your BAT to their approved partners, and you’ll get interest in return.
Currently, Genesis is Gemini’s only approved partner. You’ll also be able to earn up to 3.49% in interest as well!
However, Gemini may loan out your BAT via an unsecured loan.
Binance supports a lot of cryptocurrencies on their platform.
You are able to buy and sell over 200+ currencies!
You can send the BAT you own to Binance, and trade them for these currencies:
This is great if you want to buy another cryptocurrency on Binance’s platform.
Binance charges you a trading fee of up to 0.1%, which is really low!
However, Binance does not have fiat support. This means you can’t trade your BAT to a fiat currency, and withdraw the fiat to your bank account.
Sending BAT to Binance would only be suitable if you want to trade your BAT for another cryptocurrency.
Crypto.com supports BAT on their platform as well. You can either send it to the app,
or to the Exchange.
The app allows you to sell off your BAT to a fiat currency. However, you may have to make multiple trades.
For example, if I want to sell off my BAT for SGD, I would need to make 2 trades:
- BAT to CRO
- CRO to SGD
Crypto.com’s Exchange is similar to Binance, where you can only trade your BAT for another cryptocurrency.
However, they have a limited number of trading pairs with BAT:
As such, you can only trade your BAT for these 2 currencies.
Crypto.com charges a trading fee of up to 0.16%, which is slightly higher compared to Binance.
Overall, Crypto.com is good if you want to sell off your BAT for a fiat currency.
However, its exchange platform is less appealing compared to Binance.
AAX allows you to receive BAT on their platform.
After that, you can trade your BAT for either USDT, or BTC.
From there, you can use the Exchange function to sell your USDT or BTC for a fiat currency.
When you withdraw your fiat currency to your bank account, you will incur a withdrawal fee of 0.3%.
The minimum fee depends on your currency.
AAX is a good platform to send your BAT to if you want to cash out to a fiat currency like CAD or JPY. However, the fees may be rather hefty if you’re only withdrawing a small sum each time!
Coinbase allows you to send BAT to their platform.
However, different amounts of functions will be available to you, depending on the country you’re from.
For example, I am from Singapore. I can only convert my BAT to another currency on Coinbase.
As such, the usefulness of withdrawing to Coinbase depends on the country you’re from.
If you are from Singapore, you can consider sending your BAT to Coinhako.
After that, you are able to sell your BAT for SGD immediately.
There are some fees that you need to consider:
- Trading fee of 1%
- Withdrawal fee of $2
Even with the higher fees, it may be worth it as you only need to make one trade.
You can deposit your BAT into Huobi.
After that, you can use Huobi’s trading platform to trade your BAT to these currencies:
Moreover, Huobi charges a trading fee of up to 0.2%, which is twice as much as Binance.
As such, Binance may be the better option for you, due to the lower fees.
You can deposit BAT on KuCoin as well.
However, you can only trade your BAT for USDT.
Instead of trying to sell your BAT for cash, why not earn interest on it instead?
Furthermore, the price of BAT could increase in the future as it increases its adoption rate!
Celsius is another platform, apart from Gemini Earn, that allows you to earn interest on your BAT.
You are able to earn up to 3.51% on your BAT! This is very similar to the interest rate provided by Gemini Earn.
If you are interested in depositing your BAT to Celsius, you can check out my guide to find out more.
As such, Celsius is a platform you can consider to earn interest on your BAT.
If you do not come from one of Uphold’s supported countries, the only way you can receive BAT is by withdrawing to another wallet.
However, the network fees are really high. If you are only transferring a small amount each time, you will lose a lot of BAT in the process! An alternative would be to link your Brave Browser to Gemini instead, which has up to 10 free withdrawals a month.
There are quite a few platforms that you can consider transferring your BAT to. Here are some things you may want to consider when deciding on a platform:
- The ability to sell BAT directly to a fiat currency
- The trading pairs available with BAT
- The fees that you’ll incur when trading
👉🏻 Referral Deals
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If you are interested in signing up for a Gemini account, you can use my referral link.
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Here’s what you need to do to earn the $50 USD reward:
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The reward will only be unlocked 30 days after your initial transfer of $400 USD.
Are you passionate about personal finance and want to earn some flexible income?