Brave Browser finally allows users to sell cryptocurrencies in its wallet

Updated: 11 March 2023

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Brave, the crypto industry’s privacy-focused web browser, announced yesterday, March 10th, the rollout of a brand new feature. With it, Brave users can now go into their wallet to not only buy any of the supported cryptocurrencies but sell them as well. Tokens can be sold in exchange for a number of fiat currencies, including EUR, USD, and GBP.

Brave’s new move should make self-custody simpler for the users

With this move, Brave has eliminated the need for users who wish to sell their cryptocurrencies and withdraw the money to export them out of the wallet itself. This will save time and money that was otherwise spent on transaction fees, allowing users to profit more.

Furthermore, it allows users to easily maintain ownership of their money through easy and intuitive self-custody — something that has always been one of the major selling points of the crypto industry. Of course, with centralized exchanges dominating the crypto world for years, offering various features and alike, many have forgotten the old mantra “not your keys, not your coins.” The collapse of FTX, Celsius, and similar companies has reminded the community why they have to be in charge of their own cryptocurrencies.

In Brave’s latest desktop version (v1.49), we’ve added a new off-ramping feature to Brave Wallet, powered by our friends at @RampNetwork!

Several cryptocurrencies can now be sold more easily for fiat currencies. To learn more, read today’s blog post: https://t.co/ckP0w0W4VA pic.twitter.com/bwubrefqjT

— Brave Software (@brave) March 10, 2023

Brave explained that its intention was to make self-custody easier by introducing this browse feature, which is powered by Ramp Network, a crypto on-ramp startup. The company’s recent post addressing the update stated that “After recent events where centralized exchanges mishandled customer funds, it’s more important than ever to offer secure and easy-to-manage self-custody.” Brave also provided short instructions on how digital assets can be sold.

To sell an asset, navigate to the expanded accounts portfolio view in Brave Wallet on desktop, and click the asset you wish to sell.

If the token you’ve selected is eligible, you’ll see a “Sell” button that will direct you to Ramp’s site to complete the process. pic.twitter.com/BY9LwYVs03

— Brave Software (@brave) March 10, 2023

Brave believes that users will shift away from centralized exchanges

Furthermore, Brave noted that users in a number of select countries can start using the feature right now, selling their coins for fiat. Supported cryptocurrencies include Ethereum, Solana, USD Coin, as well as Basic Attention Token (BAT) itself. In total, there are 38 different cryptocurrencies that can now be sold from the Brave Browser’s wallet directly.

Brave further noted that it expects to see users shift away from centralized exchanges following the recent scandals. With that being the case, it also decided to upgrade its wallet with innovations that would improve user experience, and adding the ability for users to directly sell their crypto if they so choose was one of the top priorities for the company.

Brave itself launched in 2016, offering its users a privacy-oriented browser that would automatically block advertisements and allow users to choose whether or not they want to see ads. If they do, they would be rewarded for it, with the rewards coming in the form of its Basic Attention Token, which was added in 2017. As for the partnership with Ramp, it is still fairly new, as the two companies only teamed up in May 2022 in order for Brave to allow users to buy crypto with fiat in its Brave wallet.

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