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I've looked at verify a site that I control through Brave to start earning some BAT tokens but I'm really not to keen to have to also give PII (government photo

I've looked at verify a site that I control through Brave to start earning some BAT tokens but I'm really not to keen to have to also give PII (government photo and a selfie) to their only payment processor Upstart. I'm not familiar at all with this company and I'd really rather not go giving them data just to earn revenue on my site that Brave has taken away by blocking ads. Could someone who's more familiar with Upstart assuage my concerns? Are they legit, have they got a good track record?

buboard 7y ago
all crypto exchanges require such documentation, or worse. you can keep the BAT there or perhaps transfer it to another exchange to exchange for another crypto. but always, regulatiosn and stuff
- dessant 7y ago
  They require PII because they can, not because they are legally required. To accept cryptocurrencies and allow people to withdraw them into a wallet, you do not need to verify their identity, unless the tokens are exchanged to fiat on the platform. There are companies that are more established and popular than Brave which do not ask you to hold your ID next to your face and take a selfie in order to withdraw donations to a cryptocurrency wallet.
  - buboard 7y ago
    i havent tried them all but afaik, the ones that are in US or EU and which allow fiat <-> crypto transactions do
    - dessant 7y ago
      Of course, but Brave should allow creators to withdraw their tokens, without converting it to fiat. Not even users can withdraw their tokens without submitting an ID, let alone creators: https://cryptobriefing.com/brave-cash-out-bat/ https://cryptobriefing.com/brave-cash-out-bat/ It's actually worse than PayPal, where you can receive and withdraw money up to a certain amount a year without submitting an ID.
      - buboard 7y ago
        oh ok i see. i should be able to withdraw to any BAT wallet, that's weird. but knowing how much legal scrutiny there is around crypto-enabled companies, i m not surprised to see restrictions

buboard 7y ago

all crypto exchanges require such documentation, or worse. you can keep the BAT there or perhaps transfer it to another exchange to exchange for another crypto. but always, regulatiosn and stuff

dessant 7y ago
They require PII because they can, not because they are legally required. To accept cryptocurrencies and allow people to withdraw them into a wallet, you do not need to verify their identity, unless the tokens are exchanged to fiat on the platform. There are companies that are more established and popular than Brave which do not ask you to hold your ID next to your face and take a selfie in order to withdraw donations to a cryptocurrency wallet.
- buboard 7y ago
  i havent tried them all but afaik, the ones that are in US or EU and which allow fiat <-> crypto transactions do
  - dessant 7y ago
    Of course, but Brave should allow creators to withdraw their tokens, without converting it to fiat. Not even users can withdraw their tokens without submitting an ID, let alone creators: https://cryptobriefing.com/brave-cash-out-bat/ https://cryptobriefing.com/brave-cash-out-bat/ It's actually worse than PayPal, where you can receive and withdraw money up to a certain amount a year without submitting an ID.
    - buboard 7y ago
      oh ok i see. i should be able to withdraw to any BAT wallet, that's weird. but knowing how much legal scrutiny there is around crypto-enabled companies, i m not surprised to see restrictions