1 Bitcoin to Thai baht

Updated:  Wed Jul 29 2020 @ 12:00 am
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Best exchanges to buy Bitcoin with Thai baht

Best option
#1   Largest exchange worldwide

Binance.com is the largest cryptocurrency exchange in the world by trading volume and users. With a global reach of over 180 countries and regions, Binance is the worldwide leading exchange. It offers both spot and derivatives trading, crypto savings & loans, decentralized exchange (DEX), and much more.

Regulated worldwide, using Binance.com or geo-specific partner sites (example: Binance.us)
~~600 cryptocurrencies & tokens listed
~~21 fiat currencies supported
KYC required over 1 BTC
Regulated worldwide, using Binance.com or geo-specific partner sites (example: Binance.us)

#2   Largest exchange in Thailand

Bitkub.com was Founded in February 2018 and is a new generation cryptocurrency exchange platform to buy, sell, and store cryptocurrencies. It is the biggest exchange in Thailand, with ~$5-10 million USD average daily trading volume. Bitkub offers spot trading and caters to both beginner and advanced traders.

Licensed by the Securities & Exchange Commission of Thailand
24/7 telephone & live chat support
Instant withdrawals and deposits
Non-thai citizens allowed with passport KYC
Both iOS + Android app available
KYC required to open account
Must have an active Thai bank account to deposit/withdraw

Best for US citizens
#3   Largest exchange in USA

Coinbase.com is a digital currency exchange headquartered in the United States. It offers two core products: a user-facing retail broker to buy/sell crypto for fiat currency, and a professional asset trading platform called Coinbase Pro. It is considered one of the safest and biggest crypto-broker exchanges in the world.

Regulated by the US government and registered as a Money Services Business with FinCEN
Largest cryptocurrency exchange in the USA by trading volume
Available in over 100+ countries
KYC required to open account
Not yet available to Thai citizens
High fees

Bitcoin regulation in Thailand

Thailand is best known as one of the top holiday destinations globally, and at the same time, it is one of the leaders in cryptocurrency adoption as well. In 2016 Thailand legalized cryptocurrencies, and today, seven cryptocurrencies, including Bitcoin, are legal to buy and sell.

In May 2018, the Revenue Department of Thailand announced that individual cryptocurrency investors won’t have to pay the 7% value-added tax. As such, the regulatory environment in Thailand seems favorable for cryptocurrencies such as Bitcoin, paving the way for greater adoption of the same.