One of id not the biggest complaints about the Brave Browser is that BAT, the crypto they distribute, requires you to use Uphold. It’s safe to say that Uphold and Brave had to have signed an exclusive partnership that forced Brave users to use it. While I don’t like it at the end of the day BAT is BAT and I earned it after all so I might as well use Uphold even if it is to just hold the BAT I get.
Uphold though has a ton of things wrong with it from the crazy stupid high fees or conversion rates to requiring a KYC. I personally do not mind a KYC but I do understand how many people see it as government interference with something that does not involve them. I have though finally found something I can say “Thanks Uphold you did me a solid here”.
Again some people will hate it some people will appreciate it and I am one who appreciates it. Uphold generated a 1099 for me for Tax purposes. Look I get we all hate taxes they honestly drive me up a wall. I always seem to barely brake into a higher bracket but this was really nice to see. Due to the multitude of income streams it’s really important to cover all my bases with all streams including crypto.
So while I hate having to pay taxes I will give Uphold credit for helping me have all of the forms to report what I need to. I 110% understand and agree with most people dealing with taxes and crypto I just also have to keep my records clear. Thus credit is due where it is due and Uphold did me a favor here.