1 Bitcoin to Thai baht
฿351,500
Charts provided by Tradingview.com
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.
PROS
Regulated worldwide, using Binance.com or geo-specific partner sites (example: Binance.us)
~~600 cryptocurrencies & tokens listed
~~21 fiat currencies supported
Cons
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.
PROS
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
CONS
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.
PROS
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
CONS
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.