Brave Rewards- How to save on ETH Gas Fees?

LeoFinance
1 month ago
2 Min Read
354 Words

It's payday again with Brave Browser. All the hard work we have done for the whole month on Brave browser is rewarded on the 5th day of every month. In that sense, I always consider the 5th of the month as my BAT payday.

I have my Uphold account connected to Brave rewards. The BAT I collect every month is not more than 10 in total. I have 58 BAT collected on my Uphold account so far. I am happy to keep my BAT on Uphold account as it is really expensive to transfer BAT from one wallet to another. Especially the amount you hold is significantly less. There is no point in paying more than 80%% of the total payout in gas fees.

A twitter user shared a screenshot of a transaction where he paid 35 BAT in ETH gas fees while transferring 39.99 BAT. That is insane.

Screen Shot 20200906 at 9.04.06 PM.png

I would rather keep my BAT in Uphold account if this is the case.

@BraveSampson, who represents Brave and is super responsive on twitter responded to the user's tweet with a solution. He pointed out to a tweet from Uphold where they mentioned that if users are transferring more than 100 BAT then there is no network fee. This is great. If you are a true believer of the project, you HODL. If you want to transfer the token to elsewhere then wait until you accumulate enough BAT i.e. 100.

As you mentioned, ETH congestion/gas fees have become untenable, so we’re temporarily imposing the standard network fee for BAT withdrawals to mitigate the significant costs incurred in performing these transactions. If you withdraw more than 100 the network fee will be waived. @AskUphold

Screen Shot 20200906 at 9.10.25 PM.png

This is not an actual solution to the gas fees but one way to avoid them.

In that case, I will keep collecting BAT. I am a HODLr.

If you are not using Brave browser you are missing out on privacy features and Brave rewards. Here's my referral link if you want to try
https://brave.com/ram586

Posted Using LeoFinance Beta