Are you wondering how to buy NFTs in Thailand and are looking for a beginners guide? Compare bitcoin exchange is here to help you purchase your very first NFT and teach you how to do it safely and securely through licensed Thailand Sellers.
An NFT which means ‘non-fungible token’ is the opposite of cryptocurrencies and often represents pieces of art or real estate and other physical things in digital form. The most popular form of an NFT is art forms, such as digital art, physical art, comic books and other collectable items, that are one-of-a-kind.
Although fairly new and not as popular in Thailand NFTs are becoming a lot more known in the Thai industry as Thai rapper Youngohm has started to list art with a production house called NFT1 which is Singapore-based.
At the moment there is no way to directly trade NFTs in Thailand, however, Zipmex, Which is the way to trade cryptocurrencies, has announced that early this year (2022) they will be releasing platforms for NFTs.
How to buy an NFT
It should be noted that currently in Thailand you are only allowed to buy NFTs, but you are not allowed to trade NFTs. So firstly you will need to have some cryptocurrency to spend on the energy you wish to purchase. This means buying either bitcoin, tether or Dogecoin etc.
Once you have purchased these coins then you must transfer them to a Binance account. Finance is an online exchange where you can trade your Crypto currency and a place where you can store your coins.
We do not recommend that you use Bitkub to buy NFTs if you are new to cryptocurrency as it can be a little confusing and is something you can try out once you are more familiar with cryptocurrencies. However, if you do wish to try this then head over to our how to buy NFTs in Thailand guide
The easy way
So the easy way to buy NFT is through Binance. You will need to go to the finance NFT market and look through the NFT they have to offer, this will give you the price in Ethereum BNB coin and BUSD.
With NFTs, you can either find ones with a fixed price and buy it instantly or some may be up for auction, and you will have to make an offer within the time remaining, then you have to wait and see if your beard has been accepted or if you have to bid higher. If your bed has been accepted the NFT will now be in your Binance account.
We hope that this guide was able to help you learn how to purchase your very first NFT with ease and that you continue to collect more wonderful NFTs in the future without hassle.
