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Convert
Thai Baht (THB) to Internet Computer (ICP) Instantly

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ICP ICP
Buy Internet Computer (ICP)

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

About
Internet Computer (ICP)

Internet Computer (ICP) is a decentralized network designed to function as a 'World Computer,' providing a complete Web3 infrastructure for hosting software, services, and data directly on the blockchain. Developed by the DFINITY Foundation, it fundamentally aims to extend the public internet's capabilities, allowing developers to build and deploy applications without reliance on centralized cloud providers. The core of its architecture is Chain Key Technology, a cryptographic breakthrough that allows the network to operate at web speed with unbounded capacity. This technology enables its unique smart contracts, known as 'canisters,' to serve interactive web content directly to end-users, facilitating a seamless and fully on-chain experience.

The network utilizes a 'reverse gas model,' where developers pre-load canisters with 'cycles'—a computational fuel converted from ICP utility tokens—to cover user interaction costs. Governance is managed by the Network Nervous System (NNS), an on-chain, tokenized system where ICP holders stake tokens in 'neurons' to vote on proposals and earn rewards. This positions ICP as a foundational layer for building scalable DeFi applications, decentralized social media, and enterprise systems entirely on-chain. The ICP digital asset is thus integral for network participation, rewarding node machine providers, and fueling the computational power of its ecosystem.

Internet Computer (ICP)

How to Buy Internet Computer (ICP)

swipe Step-by-step guidance
card Easy credit card payments
btn Streamlined purchase process
  1. Step 1 illustration
    01

    Choose THB to ICP Pair

    Select your preferred payment method and enter the amount.

  2. Step 2 illustration
    02

    Enter Your Internet Computer Wallet Address

    Provide your ICP wallet address and proceed with the payment.

  3. Step 3 illustration
    03

    Receive Your Internet Computer

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

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Frequently asked questions

  • What are the common methods for purchasing Internet Computer (ICP) with Thai Baht (THB)?

    To purchase ICP with THB, you typically use a regulated cryptocurrency exchange that operates in Thailand and offers the THB/ICP trading pair. This process involves creating an account, completing KYC/AML compliance, and funding your account using a local Thai payment method, such as a Thai QR payment or a direct bank transfer. This provides a direct fiat on-ramp into the Internet Computer ecosystem, allowing for the acquisition of the ICP utility token.

  • What is the core function of the ICP token within the Internet Computer Protocol?

    The ICP token has three primary utilities: 1) It can be locked in the Network Nervous System (NNS) to participate in governance and earn voting rewards. 2) It can be converted into 'cycles' to pay for computational power and data storage for 'canister' smart contracts, functioning under a reverse gas model. 3) It is used to reward node machine providers for contributing their resources to the network, ensuring the protocol's decentralized operation.

  • How should I securely store my ICP tokens after a THB to ICP transaction?

    For optimal security, it's recommended to move your ICP from the exchange to a self-custody digital wallet. The primary method is using the NNS front-end dApp, which allows you to create an 'Internet Identity' anchor and manage your ICP securely. You can also stake your ICP into 'neurons' for governance participation directly through the NNS. For an added layer of security, this Internet Identity can be secured with a hardware wallet.

  • What are 'canisters' and the 'reverse gas model' on the Internet Computer network?

    Canisters are the next evolution of smart contracts on the Internet Computer, bundling WebAssembly (WASM) bytecode and memory pages. They operate under a 'reverse gas model,' where developers, not users, pre-pay for computation and storage by charging canisters with 'cycles' (converted from ICP). This allows end-users to interact with dApps and on-chain web services without needing a wallet or tokens, significantly improving the Web3 user experience.

  • Are there specific transaction fees to consider when trading the THB/ICP pair?

    Yes. When trading THB for ICP, you'll encounter several potential fees. Exchanges charge a trading fee, often a percentage based on a maker-taker model. There may also be THB deposit or withdrawal fees depending on the platform and payment method. On the blockchain side, standard ICP transactions have a very low, fixed fee. However, the primary network cost is for computation via 'cycles', which is typically handled by developers rather than end-users transferring tokens.
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