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stacked gold bars Baht.com

1 baht gold =  ฿29,999 THB$1 USD = ฿31.43 THB1 BTC = ฿351,500 THB 
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1 Bitcoin = ฿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
Binance.com logo
Binance.com

Binance is the largest cryptocurrency exchange in the world by trading volume and users. Available in over 180 countries, it offers both spot & derivatives trading, crypto savings & loans, launchpad for new coins, and much more.


Changpeng Zhao
Binance CEO


   Largest exchange worldwide

PROS
#1 ranked exchange on Coinmarketcap
> 600 cryptocurrencies tradable
> 21 fiat currencies supported
Offers peer-to-peer platform to buy/sell crypto in local currency with zero fees
CONS
Due to regulations, some countries are not allowed to use Binance.com. Instead, they must use geo-specific partner sites (example: USA citizens can only use Binance.us)
2nd best
Bitkub.com logo
Bitkub.com

Bitkub was founded in February 2018 and is the largest exchange in Thailand. With ~$10 million USD average daily trading volume, it offers spot trading and caters to both beginner and advanced traders.


Topp Jirayut Srupsrisopa
Bitkub CEO


   Largest exchange in Thailand

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
Must have an active Thai bank account to deposit/withdraw
Best for USA citizens
Coinbase.com logo
Coinbase.com

Coinbase is the largest exchange in the USA. It offers 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 exchanges in the world.


Brian Armstrong
Coinbase CEO


   Largest exchange in USA

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
Available in over 100 countries
CONS
High fees compared to other exchanges



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.