1 Bitcoin in Thai baht

฿351,500
Updated:  Wed Jul 29 2020 @ 12:00 am

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
> 600 cryptocurrencies tradable
> 21 fiat currencies supported
Offers peer-to-peer platform to buy/sell crypto in local currency with 0 fees
CONS
KYC required to open account
Due to regulation, some countries are not allowed to use Binance.com. Instead, they must use geo-specific partner sites (example: USA citizens may only use 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 largest exchange in Thailand, with ~$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 deposits/withdrawals for Thai banks
Non-thai citizens allowed with passport KYC
CONS
KYC required to open account
Must have an active Thai bank account to deposit/withdraw


Best for USA citizens
#3   Largest exchange in USA

Coinbase.com is a digital currency exchange headquartered in the USA. 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 crypto-broker exchanges in the world.

PROS
Regulated by the US government and registered as a Money Services Business with FinCEN
Public company listed on the Nasdaq
Offers crypto staking services
CONS
KYC required to open account
High fees compared to other exchanges
Not yet available to Thai citizens




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. The regulatory environment in Thailand is favorable for legal adoption of Bitcoin and other cryptocurrencies.