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Thai Baht (THB) to API3 (API3) Instantly

Purchase API3 (API3) with Thai Baht (THB) easily at Switchere and benefit from fast, secure transactions.

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About
API3 (API3)

API3 is a collaborative project dedicated to building, managing, and monetizing decentralized APIs (dAPIs) at scale, directly addressing the blockchain oracle problem. It aims to connect smart contracts with real-world, off-chain data in a more secure, transparent, and cost-effective manner. Unlike traditional oracle models that rely on third-party intermediaries, API3 champions a first-party oracle solution. This model allows API providers to run their own oracle nodes, called Airnodes, with minimal effort. This direct data sourcing from the provider to the blockchain technology eliminates the need for middlemen, reducing attack vectors and increasing the reliability of on-chain data feeds for various DeFi applications and Web3 infrastructure.

The core of the ecosystem is the API3 token, a digital asset that functions as both a utility and governance token. Token holders can participate in the API3 DAO, which governs the entire network, including the selection of dAPIs and collateral management. Staking the API3 token is a crucial component of its tokenomics, as it provides a security collateral and an insurance-like mechanism for users of the dAPIs, guaranteeing service quality and data integrity. This cryptographic security model aligns incentives between API providers, dApp developers, and the DAO, fostering a robust and decentralized Web3 API economy.

API3 (API3)

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How to Buy API3 (API3)

  1. Select currency menu

    Choose THB to API3 Pair

    Select your preferred payment method and enter the amount.

  2. Crypto address page

    Enter Your API3 Wallet Address

    Provide your API3 wallet address and proceed with the payment.

  3. Confirmation page

    Receive Your API3

    Complete the payment, and your API3 will be sent to your wallet.

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Frequently Asked Questions

  • How can I purchase the API3 digital asset using Thai Baht (THB)?

    To buy API3 with THB, you need to use a cryptocurrency exchange that offers a direct THB/API3 trading pair or a fiat on-ramp supporting Thai Baht. The process typically involves completing KYC/AML verification, depositing THB via a method like a Thai bank transfer or QR payment, and then executing a purchase order for API3 on the platform's order book.

  • What are the typical THB payment methods available on a fiat gateway for API3?

    For users in Thailand, the most common fiat deposit methods for purchasing digital assets like API3 are direct Thai bank transfers and local QR payment systems, such as PromptPay. These options are popular due to their high speed, low transaction costs, and seamless integration with Thai banking infrastructure.

  • Why is a direct THB/API3 pairing advantageous for accessing Web3 data feeds?

    A direct THB/API3 trading pair simplifies the investment process for Thai users, removing the need for intermediate currency conversions (e.g., THB to USDT, then USDT to API3). This reduces transaction fees and slippage, providing a more direct and cost-effective fiat on-ramp for users wishing to participate in the API3 ecosystem, stake tokens, and help secure the network's on-chain data feeds.

  • What is the function of the API3 token within its first-party oracle network?

    The API3 token is essential for the governance and security of its decentralized oracle network. Token holders can participate in the API3 DAO to vote on network upgrades. Furthermore, the token is staked to provide security and insurance for the on-chain data feeds, known as dAPIs, which are powered by Airnode technology to connect smart contracts with real-world API data directly from the source.

  • What security steps should be taken after converting THB to API3 tokens?

    After acquiring API3 tokens on an exchange, the most critical security step is to transfer them to a personal digital wallet where you control the private keys. For significant holdings, using a hardware wallet is highly recommended. This practice, known as self-custody, protects your digital assets from potential security breaches on the centralized exchange and gives you full control over your investment.

  • What fees and compliance requirements are involved when converting THB to the API3 token?

    When using a fiat on-ramp, expect several potential fees: a deposit fee for THB, a trading fee for the THB/API3 transaction (often a percentage of the trade value), and a withdrawal fee to move API3 to a private wallet. Regarding compliance, all regulated exchanges require mandatory Know Your Customer (KYC) and Anti-Money Laundering (AML) checks, which involve submitting personal identification for verification.

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