1 Bitcoin to Thai baht

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

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
YC required over 1 BTC
Regulated entities worldwide, either operated by partners or by Binance.com directly (example Binance.us)

#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 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

#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 telephone & live chat support
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

Best for US citizens
#4Most popular 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

Uniswaproi.com is recommended to track Uniswap liquidity provider pools.



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.