I have been in the Brave ecosystem for quite some time now. I follow the news and comments that people make about BAT, Brave and this project as a whole. During this time I have seen many people on Reddit rant about Uphold and not being able to get rid of KYC and Brave giving us no choice other than Uphold. I am sure people who follow Brave and transact BAT must have seen such posts. 

In this blog, I want to talk about Uphold and the wallet I use and the advantage I take which exist in the first place because of Uphold being a partner of Brave. To begin with, I wasn't very happy about the KYC (Know Your Customer) either but then it is apparently the norm in the cryptocurrency world that exchanges ask for the user's details. I don't know about all the exchanges but most of them ask for this. If you think about it, it makes sense though. If no such information were kept then everyone could not list their earnings while filing taxes. Maybe in the near future, we can get rid of the whole KYC thing but for now, it is the norm. So I guess we can forgive Uphold for KYC. 

And needless to say, Uphold is an exchange just like Coinbase. So once Brave deposits BAT I have earned by viewing ads and by the referrals, it gets deposited into Uphold wallet. So at this point, Uphold holds my BAT. I don't have the private keys, Uphold does. And being in the crypto world for some time, the first thing that strikes my head is 'Not your keys, not your Bitcoin'. In this case, not my keys, so them BATs don't belong to me. 

And that is where the BRD wallet comes in. I have been using BRD for two years now and have had no problem. Initially, BRD could just hold Bitcoin but now they are capable of holding many cryptocurrencies including of course ERC-20. So this is where the partnership between Brave and Uphold pays off at least for now. There are no fees to transfer BAT from your Uphold wallet to any other wallet. So if I have 10 BAT in my Uphold wallet then I can transfer the whole 10 BAT into my BRD, no fees. So I think everyone should take advantage of this and move your BAT into the wallet whose private keys you hold. 

I would love to know which wallet you guys use to store your ERC-20 coins. So feel free to comment about the wallet of your choice and I would also appreciate if you could maybe put one comment on some pros and cons about your wallet of choice.