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Saudi riyal (SAR) to Basic Attention Token (BAT) Instantly

Purchase Basic Attention Token (BAT) with Saudi riyal (SAR) easily at Switchere and benefit from fast, secure transactions.

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About
Basic Attention Token (BAT)

Basic Attention Token (BAT) is a digital advertising token built on the Ethereum blockchain, designed to revolutionize the digital advertising landscape through its integration with the privacy-focused Brave browser. The project aims to solve inefficiencies and privacy concerns prevalent in traditional online advertising by fairly rewarding users for their attention, while offering advertisers better returns and publishers a more equitable revenue share. BAT creates a transparent and decentralized advertising exchange, leveraging blockchain technology to connect advertisers, publishers, and users directly. This system improves ad targeting efficacy through on-device machine learning without compromising user data, a key differentiator from conventional ad platforms.

The core technology involves the Brave browser, which blocks invasive ads and trackers by default. Users who opt-in to view privacy-respecting Brave Ads are compensated with BAT tokens. These tokens can then be used to tip content creators and publishers, access premium content, or be exchanged for other digital assets. For advertisers, BAT serves as the payment currency for ad campaigns, ensuring their budget is spent on verified user attention. As an ERC-20 utility token, BAT’s tokenomics are central to its ecosystem, facilitating a novel attention-based economy. It represents a significant effort to establish a more ethical and efficient model for digital advertising within the burgeoning Web3 infrastructure, making the advertising experience less intrusive and more rewarding for all participants.

Basic Attention Token (BAT)

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How to Buy Basic Attention Token (BAT)

  1. Select currency menu

    Choose SAR to BAT Pair

    Select your preferred payment method and enter the amount.

  2. Crypto address page

    Enter Your Basic Attention Token Wallet Address

    Provide your BAT wallet address and proceed with the payment.

  3. Confirmation page

    Receive Your Basic Attention Token

    Complete the payment, and your BAT will be sent to your wallet.

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Frequently Asked Questions

  • What is the SAR/BAT trading pair and how does it function?

    The SAR/BAT pair represents the exchange rate between the Saudi Riyal (SAR) and the Basic Attention Token (BAT). It allows users to perform a fiat on-ramp, purchasing BAT directly with SAR on a cryptocurrency exchange. BAT is an ERC-20 token on the Ethereum blockchain that powers the Brave browser's digital advertising ecosystem, rewarding users for their attention.

  • What is the core utility of Basic Attention Token (BAT) within its ecosystem?

    BAT's core utility is to function as a digital advertising token within the privacy-focused Brave browser. It facilitates a decentralized advertising market by rewarding users with BAT for viewing ads, allowing them to tip content creators, and enabling advertisers to purchase user attention more efficiently. This creates a transparent and fair system for all participants in the Brave Rewards program.

  • Why is KYC/AML compliance important when buying crypto like BAT with SAR?

    KYC (Know Your Customer) and AML (Anti-Money Laundering) procedures are vital for secure trading on regulated cryptocurrency exchanges. When using a fiat on-ramp like SAR, these compliance checks help prevent fraud and illicit activities, protect users, and ensure the platform operates within legal frameworks, such as those overseen by SAMA. This builds trust in the digital asset market.

  • What are the common payment methods for buying BAT with Saudi Riyal?

    To purchase BAT with SAR, users typically rely on cryptocurrency exchanges that serve the region. Common methods include local bank transfers within Saudi Arabia and payments via debit or credit cards. It's crucial to check the specific fiat gateway options and associated trading fees on your chosen platform, as well as ensure compliance with local SAMA regulations.

  • What kind of fees should I expect when executing a SAR to BAT blockchain transaction?

    When converting SAR to BAT, you'll encounter several potential fees. First, a deposit fee for your SAR fiat on-ramp. Second, a trading fee on the exchange's order book when you buy BAT. Finally, if you withdraw your BAT to a personal digital wallet, you must pay a network fee. Since BAT is an ERC-20 token, this withdrawal fee includes the Ethereum blockchain's gas fee, which can fluctuate.

  • How can I securely store my Basic Attention Token after purchasing with SAR?

    For secure storage, it's best practice to move your BAT from the exchange to a personal digital wallet where you control the private keys. Options include hot wallets like the integrated Brave browser wallet for daily use, or more secure cold storage hardware wallets for long-term holding. As BAT is an ERC-20 token, any Ethereum-compatible wallet will work for its storage.

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