What is Basic Attention Token (BAT)?
Basic Attention Token (BAT) is a cryptocurrency that operates on the Ethereum blockchain. It is a utility token that is designed to be used as a unit of account between advertisers, publishers, and users within the Brave web browser. The Brave browser is an open-source, privacy-focused browser that blocks ads and website trackers, providing users with a faster and safer browsing experience.
BAT is used to reward users for their attention and engagement with online ads. Publishers are paid in BAT for their content, while advertisers use the token to pay for ad campaigns. Users can earn BAT by opting-in to view ads, which can be used to support their favorite content creators or to make purchases on participating websites.
The BAT ecosystem is designed to provide a transparent and efficient way for all parties involved in online advertising to benefit from the value of digital advertising. By using BAT, publishers can monetize their content, advertisers can reach their target audience more effectively, and users can be rewarded for their attention and engagement. Learn more
How to Deposit BAT Into Your Coinmetro Account
For all information on how to deposit BAT into your Coinmetro account, please see the following help center article: How to Deposit BAT.
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. 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 of loss of assets caused by a too-low gas limit.
If you're depositing from another exchange, it is important to ensure they support sending funds to ETH contracts or using a full ETH wallet as an intermediary.
How to Withdraw BAT From Your Coinmetro Account
For all information on how to withdraw BAT from your Coinmetro account, please see the following help center article: How to Withdraw BAT.
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 confirmed 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 canceled and the withdrawal status can be found by selecting the Wallet on your Coinmetro Dashboard. Please note that already-approved withdrawals cannot be canceled. If there is no Cancel button visible, this unfortunately means the withdrawal can no longer be canceled, and you will find a transaction ID (TXID) instead. This is a link to the relevant transaction hash on a Blockchain Explorer website where the status can be checked further.
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