How To Buy Bitcoin in Thailand?
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Easiest and cheapest ways to buy crypto in Thailand
Deposit fees:
Free Withdrawal fees:
0.0004 BTC Trading fees:
0.25% Payment Methods:
Wire Transfer Supported fiat:
THB (Thai baht)
The largest exchanges in Thailand
Supports THB
The limited number of payment methods
Higher trading fees than the market’s average
Binance
Ease of Use – Medium Fees – Low Verification – 1 Day Reputation – Trusted Supported fiat – USD, EUR, GBP, AUD, RUB
Binance was launched back in July of 2017 and very quickly became the world’s largest cryptocurrency exchange by trading volume with more than $1 billion on a daily basis.
More info +
Deposit fees:
Free Withdrawal fees:
Vary from crypto to crypto Trading fees:
0.1% Payment Methods:
Debit Card, Credit Card, SWIFT, Bank Transfer (SEPA), and more Supported fiat:
USD, EUR, GBP, AUD, RUB, and 15+ more
The largest cryptocurrency platform
Various advanced services and features
Low fees and high liquidity
A large number of cryptocurrencies supported
Not fully registered
Hacked in 2019
eToro
Ease of Use – Easy Fees – Low Verification – 1 Day Reputation – Trusted Supported fiat – USD, EUR, GBP + more
eToro is a crypto exchange platform mostly popular for its advanced copy trading feature. Aside from being extremely reliable, eToro is also one of the oldest exchanges in the community; it was launched in 2007 with headquarters in Cyprus.
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Deposit fees:
Free Withdrawal fees:
$5 Trading fees:
0.75 % – 4.9 % spread depending on the cryptocurrency Payment Methods:
15+ (Credit Cards, MasterCard, Visa, EWallets, etc.) Supported fiat:
USD, EUR, GBP, and 20+ more
Unique features such as Social Trading and “Virtual Hub”
Simple interface
Competitive fees
The minimum trade amount is very low
There aren’t many supported cryptocurrencies
American citizens can only trade cryptos on the platform
Best Bitcoin Wallets in Thailand
It is never a good idea to keep your coins on an exchange as that exposes you to numerous risks (exchange hacks, fund freezes by the exchange or some government regulatory body etc). That is why you should use one of the wallets we list below to store your digital assets. Safest option is a hardware wallet like Nano X but ZenGo is also a good choice, especially for newcomers.
ZenGo is an easy iOS/Android Bitcoin & cryptocurrency wallet. Getting started takes less than 20 seconds.
extremely safe as it uses biometrics for security
you can buy crypto directly from it
has savings and staking account
No major flaws
Electrum is one of the oldest and most popular desktop multi-currency wallets which is compatible with Windows, Mac, and Linux
One of the oldest wallets in the market
you can buy and stake directly from the wallet
supports all major coins and blockchains
Not completely open source
Ledger Nano X is a leading and most secure cold storage wallet that connects to your device via Bluetooth.
Safest wallet in the market
competitive price
supports a lot of coins
you can buy directly from the wallet
stake directly from the wallet
Small display
complicated to setup for newbies
Read also:
- How To Buy Bitcoin in Nigeria?
- How To Buy Bitcoin in Singapore?
- How To Buy Bitcoin in Japan?
- How To Buy Bitcoin in Malaysia?
Paybis
Ease of Use – Easy Trading Fees – Average Verification – 1 day Reputation – Trusted Supported fiat – USD, EUR, GBP, and more
Paybis is a widely popular crypto exchange. The exchange was launched back in 2014 so it is not a new player on the crypto market. Paybis is based in Scotland and in the UK with offices in the Scottish city of Glasgow, along with offices in Riga, in Latvia.
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As per Paybis’s website, the main features of the platform are Round-the-clock support, Worldwide access, Fast security checks, high-level security, and Instant payouts.
Deposit fees:
Free (there is a transaction fee – 2.49%) Withdrawal fees:
Free Trading fees:
0.99 – 2.49 % Payment Methods:
Bank Transfer, Credit/Debit Card, Skrill, and Neteller. Supported fiat:
USD, EUR, GBP, and 40+ more
The longevity of the crypto market
Easy-to-use interface
A lot of payment methods and fiat currencies supported
A regulated platform
The limited number of supported crypto assets
No advanced trading features
Coinmama
Ease of Use – Easy Fees – High Verification – 1 Day Reputation – Trusted Supported fiat – USD, EUR, GBP, CAD, AUD
Coinamma is one of the oldest cryptocurrency exchanges since it was launched back in 2013. The headquarters of the company is in Slovakia and its founders are Laurence Newman, Nimrod Gruber, and Ilan Schuster.
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Deposit fees:
0 – 5 % Withdrawal fees:
None Trading fees:
2.9 – 3.9 % Payment Methods:
Bank Transfer (SEPA), SWIFT, Fedwire, Bank cards, Open Banking, Google Pay, Apple Pay, Skrill Supported fiat:
USD, EUR, GBP, CAD, AUD
Simple, user-friendly interface
Various ways to deposit such as bank transfers or via credit card
Suitable for beginners
No withdrawal fee
Available in almost all countries
No mobile app and no staking
No phone number for customer support
Kraken
Ease of Use – Easy Fees – Average Verification – 2-3 Days Reputation – Trusted Supported fiat – USD, EUR, GBP, JPY, CAD
Kraken is one of the oldest and biggest centralized cryptocurrency exchanges on the market. It was founded in San Francisco, California, the United States, in 2011. It has over 6 million users all over the world. Kraken offers 90+ cryptocurrencies that you can buy, sell, and trade.
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Deposit fees:
EUR SEPA Deposit (Free) – EEA countries only USD Bank Wire Deposit ($5 USD) – US onlyEUR Bank Wire Deposit (€10) – outside the US only USD Bank Wire Deposit ($10 USD) – outside US onlyJPY Bank deposit (Free, ¥5,000 deposit minimum) – Japan-only USD, Wire Deposit (Free) Withdrawal fees:
Cryptocurrency: Fees vary, SEPA Withdrawal (€0.09) – EEA countries only USD Bank Wire Withdrawal ($5 USD) – US only USD Bank Wire Withdrawal ($60 USD) – outside US onlyEUR Bank Wire Withdrawal (€60) – outside US onlyJPY Bank withdrawal (¥20) – Japan onlyCAD EFT Withdrawal ($10 CAD) Trading fees:
Maker: 0.16%Taker: 0.28% Payment Methods:
Fedwire, Bank Transfer (SEPA), SWIFT, Wire Transfer, Etana Custody, Silvergate Exchange Network (SEN), FPS, CHAPS, and BACS, PayID, Osko Supported fiat:
USD, EUR, GBP, JPY, CAD
170+ countries supported
Never been hacked
Mobile App (iOS and Android)
Various payment methods
A wide range of cryptocurrencies is available
Fees slightly above the industry average
Limited customer support
Frequently asked questions about buying Bitcoin in Thailand
One of the ways to buy Bitcoins in Thailand is through automated teller machines (ATMs). These ATMs allow users to instantly purchase and sell cryptocurrency using cash, however, most of them require at least a phone number, so they aren’t totally private. Satang is another option.
Trading cryptocurrencies is legal in Thailand. One of the registered crypto exchanges in Thailand is Satanga exchnage.
Yes, Kraken offers our full services to clients living in Thailand.
LThailand has decided to do away with its 15% cryptocurrency capital gains tax for the moment.
Ultimately, it’s up to you whether investing $100 in Bitcoin is worth it or not. If it’s a one-time investment and you just want to try crypto out, we would recommend going with a lower amount since you can’t profit much from $100 anyway.
You must add a bank account, debit card, or credit card to make your first bitcoin purchase on most exchanges. Adding a bank account is recommended for buying large amounts of bitcoin as the transfer fees tend to be lower. Credit and debit cards are only recommended for smaller purchases as they carry higher fees.
At present, the average prediction of its panel indicates that BTC will be worth $249,578 by 2025 — approximately quadruple what it is right now. And by 2030, they believe a single coin will have a value of $5,237,082.
Binance has already run into trouble with Thailand’s regulator. Last July, the Securities and Exchange Commission of Thailand filed a criminal complaint against the crypto giant for operating without a license. Binance said earlier that the platform had not been actively soliciting users in Thailand.
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