How to buy Bitcoin in Thailand

[Jonathan Fairfield]

How to buy Bitcoin in Thailand

 

 

It’s likely that over the past couple of years you have heard about cryptocurrencies or more specifically Bitcoin.

 

But what exactly is it?

 

Bitcoin is a form of digital currency that has surged in both popularity and value.

 

It’s become popular for several reasons, mainly because of its immediacy, it’s lack of oversight – it’s not controlled by a supervising body – and its anonymity.

 

The only identifier of a Bitcoin account is its wallet ID, a long serial number that is used instead of names or addresses. A wallet is used to store Bitcoins online.

 

Coins can be bought and sold via a digital marketplace known as a Bitcoin exchange, which kind of acts as the middleman between traders.

 

You’ll need to setup an account with the respective exchange but once you’ve done that can buy and sell Bitcoin and exchange it for legal tender.

 

There are many different exchanges which you can use to buy and sell Bitcoin or indeed any other cryptocurrency.

 

Some exchanges are better than others, some charge higher fees than others and some have a better reputation than others.

 

Not all exchanges are equal and because the world of cryptocurrencies is almost entirely unregulated, you’d be wise to do some research on a particular exchange before jumping in with both feet.

 

Read more: http://tech.thaivisa.com/buy-bitcoin-thailand/24583/