This is based on my limited initial experience with Brave browser on Android (v12). Although customization is more limited than on Linux or Windows, it can be configured to be more usable than the default. If possible, I try to configure and set up sync on a desktop before mobile for efficiency.
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Brave Shields and Privacy: Social Media blocking. Disable all except Allow Google and Show autocomplete in address bar.
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WebRTC handling policy. Disable non-proxied UDP.
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Allow sites to check payment methods: Disabled.
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IPFS Gateway: Disabled.
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Close tabs on exit: Enabled.
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P3A: Disabled.
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Diagnostic reports: Disabled.
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Autocomplete: Disabled.
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Brave News: Disabled.
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Brave Rewards: All Disabled.
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Brave Wallet: All Disabled.
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Brave Firewall + VPN: All Disabled.
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Search Engines: anything other than Google.
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Homepage: On. Open webpage: https://www.example.com.
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Password Manager: All Disabled.
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Sync: sync with existing chain, Bookmarks only.
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Privacy Report: All Off.
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Closing all tabls closes Brave: Enabled.
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Open external links in Brave.
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Appearance: All disabled except Enable bottom toolbar.
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Theme: Dark.
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New Tab page: All disabled except Show Background Images (cannot choose homepage).
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Payment methods: Disabled.
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Addresses and more: Disabled.
"Brave". Privacy Guides: Desktop Browsers. https://www.privacyguides.org/en/desktop-browsers/#brave.