Bitcoin to Thai baht
Best exchanges to buy Bitcoin with Thai baht
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.
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.
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.
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.