Bitcoin to Thai baht

฿287,913
Last update: 9:24 on 2020-08-10

Best exchanges to buy Bitcoin with Thai baht

Best option
#1Most popular 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 entities worldwide, either operated by partners or by Binance.com directly (example Binance.us)
~600 cryptocurrencies & tokens listed
~21 fiat currencies supported
CONS
KYC required over 1 BTC
Depending on country, non-thai citizens might be required to use geo portal(example USA citizens may only use Binance.us)

2nd best option
#2Biggest 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 support both telephone & live chat
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

#3First in Thailand

Satang.pro is the oldest operating cryptocurrency exchange in Thailand and the only one certified with ISO 27701:2019. It was the first digital exchange in Thailand with instant withdrawals and deposits to Thai baht. Satang offers spot trading and staking node service.

PROS
Licensed by the Securities & Exchange Commission of Thailand
24/7 support both telephone & live chat
Instant withdrawals and deposits
Non-thai citizens allowed with passport KYC
Staking and master/validator node service
CONS
KYC required to open account
Must have an active Thai bank account to deposit/withdraw
Only Android app, no iOS app available


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.