BAT was on the Move 🚀 Uphold Wallet... 😱
When I checked BAT this morning it was doing great!
source
And I remembered I have some BAT in my Uphold wallet that I received FINALLY from Brave rewards, so I decided to move it to my other wallet and do something with it.
Last few months, Brave payouts have delayed big time, but better late than never I guess.
I went ahead and tried to transfer...
Network fee is 10 BAT now?! 😱
I know this used to be free since I made this post back in Jan 👇
How To Transfer BAT From Uphold Wallet To Coinbase (Step By Step)
And I had this screenshot so it was free before.
I know the ETH gas fee is just ridiculous right now but 10 BAT for a transaction is pretty expensive too. It costs about $3 to take out BAT?
I don't think so... I guess I will just HODL it in Uphold for a while...
Any other way to withdraw BAT for free? or cheaper fee? Maybe it is time to switch to Gemini wallet?
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I think there isn't anything cheaper. It's like you said a couple of days ago, either you have to deal with outrageous fees or you have to take $100 out so that you take them for free (in things like dharma wallet)
Since I can't take out BAT, I am thinking about cred staking or whatever... have you tried it?
I wanted to, but it was only available in the US. I've only tried Celsius Network if it's any help 😄
Ahh... i didn't know 😅
Wow! That's insane. Thanks for the heads up on that. I had no idea. I wonder what's with the increased fee? I just took a look online I couldn't find anything that's one way to make the coin more valuable though, make everybody HODL. FYI binance upped their fee to 8.95 BAT on withdraw.
ETH gas fee is so high right now so all the services are increasing the fees... It is too expensive to move my coins right now 😭
It's a double-edged sword that's for sure. I understand it from the developer perspective and the long-term investor as well. Those guys are probably assuming most real investors are long-term and they're not moving their coins at a volume that would greatly affect their holdings simply based on transaction fees alone. It's also way to keep coins in the hands of people who are proponents of the cryptocurrency, like miners, obviously they want to see the value of the coin go up, or at the very least stabilize. and also making the transaction fees higher will make people think twice before sending it and by hodling the coin it will in essence raise the value. Could you imagine if BAT ended up becoming like Bitcoin as far as price and they maintained the current transaction fee of 10? Would end up costing $100,000 to send? We'd have a whole new market for new miners at that point for sure...Bitcoin at one time cost next to nothing to send, now the cost is about about $10 per transaction. Exciting times I look forward to see what happens next in the crypto world!
Yeah somebody else told me the same thing :)
It is very interesting, but hopefully they will find a way to reduce transaction fees otherwise some people like me will be left behind 😂