What is Basic Attention Token?
"BAT is a cryptocurrency created to be used on a decentralized, blockchain-based advertising platform. The main purpose of this platform is to make digital advertising more effective.
BAT ecosystem is built around a ‘Brave’ browser and establish mutually beneficial relations between users, publishers and advertisers:
Users see only relevant ads, which choice is based on users’ behaviour in the browser. Their personal data never leaves the browser;
Publishers get tokens according to the amount of traffic. It also motivates them to create content of higher quality;
Advertisers pay for ads that reach their target audience with a higher percentage of the comeback to the product."
You can read more about Basic Attention Token on their official website here.
You can also learn more about BAT on the official Coinmetro blog here!
How to Deposit BAT Into Your Coinmetro Account
If you're depositing from another exchange, it is important to ensure they support sending funds to ETH contracts, or use a full ETH wallet as an intermediary.
Note: As Coinmetro uses smart contracts for Ethereum and ERC-20 token deposits, the amount of gas required is slightly higher than a typical transfer. To be sure that your transaction is successful, please set the transaction gas limit to 55,000 for ETH. The fee difference is minimal. If your gas limit is too low, the transaction will simply be rejected by the Ethereum network. There is no risk for loss of assets caused by a too low gas limit.
How to Withdraw BAT From Your Coinmetro Account
Important Note - To request a withdrawal, your account profile needs to be verified as well as having the funds to cover your withdrawal. The first time a withdrawal is made to a destination, the destination needs to be verified via e-mail. If you have 2-Factor Authentication enabled for withdrawals, you will be asked to input the code for each withdrawal, approved or not. We suggest enabling 2-Factor Authentication to protect your account.
Withdrawals waiting for approval can be cancelled and withdrawal status can be found by selecting the wallet on the GO! Dashboard. Approved withdrawals cannot be cancelled. If there is no Cancel button, there should be a transaction ID (TXID). This is a link to the relevant tx hash (Transaction Hash) on a blockchain explorer website.
If you are withdrawing to an external wallet such as MetaMask, please ensure that you have added WHL as a custom token on the wallet.