Convert
Thai Baht (THB) to Basic Attention Token (BAT) Instantly
Purchase Basic Attention Token (BAT) with Thai Baht (THB) easily at Switchere and benefit from fast, secure transactions.
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.
How to Buy Basic Attention Token (BAT)
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Frequently asked questions
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What is the most common way to buy Basic Attention Token (BAT) with Thai Baht (THB)?
The most direct method is using a regulated cryptocurrency exchange in Thailand that lists the THB/BAT trading pair. This process typically involves setting up an account, completing KYC/AML verification, and funding your account via a Thai bank transfer or QR code payment. Once funded, you can place an order to buy the BAT digital asset, which will then be credited to your exchange's digital wallet. -
Why is the THB/BAT pair important for users of the Brave browser in Thailand?
The THB/BAT pair provides a crucial fiat on-ramp for Thai users participating in the Brave Rewards ecosystem. It allows content creators to easily convert their earned BAT tips into their local currency, Thai Baht. For users, it simplifies acquiring BAT to tip their favorite creators or use within the digital advertising model, directly linking the value of user attention to the local economy. -
What kind of fees are involved when converting THB to BAT on an exchange?
When converting THB to BAT, you'll typically encounter several fees. These include a deposit fee for adding THB to the exchange, a trading fee (usually a small percentage of the transaction value) for executing the buy order, and a withdrawal fee if you move your BAT, which is an ERC-20 token, to an external digital wallet. The withdrawal fee often covers the Ethereum network's gas fees for the blockchain transaction. -
Is KYC verification mandatory for trading the THB to BAT pair in Thailand?
Yes, completing Know Your Customer (KYC) and Anti-Money Laundering (AML) verification is mandatory on all regulated Thai exchanges. This is a requirement set by Thailand's Securities and Exchange Commission (SEC) to ensure secure trading environments, prevent fraud, and comply with national regulations when converting fiat currency like THB into a digital asset like BAT. -
How does the Basic Attention Token utility function for someone using the Brave browser in Thailand?
For users in Thailand, BAT is the core of the Brave Rewards program. By opting into privacy-preserving ads, users can earn BAT as a reward for their attention. This earned BAT can then be used to tip verified content creators, both local and international, or held as a digital asset. This system creates a new digital advertising revenue stream that directly benefits both users and creators.