I added a SOL wallet and now I want to use a different ETH wallet. How do I unlink this wallet and add a new one?
Rewards is only available via a custodian or Solana. You can reset your profile to connect a new Solana address, but won’t be able to connect an ETH address at this time.
Let me know if you have any questions. Thanks!
It gave me the meta mask option in the beginning. How do I unlink from the SOL wallet.
You can reset your profile to unlink. https://support.brave.app/hc/en-us/articles/10007969237901-Resetting-Brave-Rewards
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Perfect, that was my next question. Thank you for your help!
I just realized this. Why do Brave Rewards only pay out on the Solana blockchain and not the ETH blockchain? Wasn’t it an ERC20 token? Most exchanges don’t even recognize it from the Solana blockchain. All of my early rewards are siting on the ETH blockchain but now these are only allowing Solana wallets? Seems odd that I can’t even combine my bags and have to send or sell them in different places?
@JuicyJ they switched to Solana because it’s cheaper. ETH gas fees were getting incredibly high. For example, here’s a screenshot of someone who was trying to send from their ETH wallet in 2023. It would have been a $35 fee to transfer out. There were many occasions where gas fees met or exceeded the token amount a person was trying to send.
Solana, on the other hand, is relatively cheap. In comparison, it’s more like $0.000933 per transaction.
Prices are a bit more stable now, but if you looks:
Current price if I tried to send via Solana
Current price if I tried to send on Ethereum:
That means Solana is just 4% of the transaction fee as Ethereum. $0.001197 vs $0.03047
It it helps to have a better perspective, let’s do this at 100x value. We would be $0.12 vs $3.05. Which would you rather pay?
Now imagine that Brave was having to pay these fees for every single user. Millions of payouts. Would it make sense for them to do it on Ethereum and lose all that money for nothing?
So self custody is running on Solana so that Brave and users can spend less in all of these fees. Not to mention Solana tends to run more efficiently in general.
You can always swap back into ETH if you really want, but the value is the same regardless. It just would be switching it to a more expensive blockchain/network.
It still pays BAT via Ethereum for custodial partners because that’s the arrangement between Brave, Uphold, etc. But yeah…
Thanks for your reply. Makes sense. I love Solana, no problem there and I agree with the gas and fees. It’s a giant reason why I never moved or sold BAT in the past, because ETH was so expensive. The majority of my BAT rewards are sitting in an ETH wallet though. I can do some research but do you know what the best method would be to get my ETH BAT over to my Solana wallet on the Solana network where my rewards are being sent now? Or do I need to just sell it from the ETH wallet? I tried to link the Metamask wallet it’s sitting in but wants to create a Solana wallet within that. I don’t use Metamask for Solana and I’d hate to have the coin on two different blockchains in the same wallet.
Where though? Prior to self custody it always had to go to an exchange. So I would imagine it’s in Gemini, Uphold, or one of those? Or did you transfer it away from them.
You can swap/bridge from Ethereum to Solana. Usually whatever wallet you’re using allows you to do it, though of course you would need the appropriate token for gas fees. Similarly, you can just convert the BAT to ETH or whatever.
Assuming it’s on a custodial account like Uphold, it would be much easier to swap via them and they just use your existing funds without requiring you to own the specific token for gas.
No idea why not. But you can choose just to use Brave Wallet and sign there if you want, though you’ll need to fund some Solana to the wallet first if you haven’t already done so, due to the associated token thing needed to create the BAT wallet. https://support.brave.app/hc/en-us/articles/36396222329229-Associated-Token-Accounts-ATAs-on-Solana-Receiving-BAT-on-Solana
The wallet it looks to connect would be whichever one you have chosen as default in your browser. brave://settings/web3
That’s correct. Most of my rewards are on Gemini, but they can only be withdrawn to an ETH wallet since they treat it strictly as an ERC20 token. I was hoping to avoid selling my BAT on Gemini or paying the ETH gas fees to send or convert, but it looks like those are really the only options for the bulk of my rewards.
I understand that moving forward Solana is the better path, but with the current setup my existing rewards are basically stuck between either selling or bridging, both of which still incur ETH costs.
Thank you for clarifying this. Your replies make the situation much clearer. I will decide on the best next step from here.
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