5 Ways to Buy Bitcoin in Thailand 🇹🇭

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• Published: November 16th, 2020
• Updated: November 16th, 2020

You’re here to learn how to buy Bitcoin in Thailand.

And we’re here to help.

Between all the different options for purchasing Bitcoin, we know it can be tricky when deciding which Bitcoin exchange or brokerage to use.

After our research, we found the best ways to purchase Bitcoin in Thailand are:

Best Ways to Buy Bitcoin in Thailand

Launched in 2018 after one of the largest seed investment rounds in Thai history, Bitkub is the largest exchange in Thailand, in terms of users, volume, and cryptocurrency variety. Their fees are extremely competitive when it comes to other exchanges, at .25% on buys and sells, regardless of maker/taker. Their deposit methods include bank account transfers and wires. Bitkub’s customer support is said to be one of the best around with round the clock support.

Visit Bitkub

eToro is an interesting option when it comes to cryptocurrency brokers. What sets eToro apart is their social trading and copy trading features, allowing you to view the most successful traders on the platform, and mimic their trades as part of your trading strategy.

eToro only supports deposits via bank account, so if you were planning to use a card that won't be possible. For fees, eToro charges differently depending on the coin. Expect a .75% fee when trading Bitcoin.

Visit eToro

Satang Pro is a second solid option in Thailand, although dwarfed by Bitkub in almost all departments. If for some reason you can’t use Bitkub, or your verification is taking a while, consider Satang Pro as a second option. Satang Pro has a slight edge in the fee department (.2%) on buys and sells, but this is a marginal difference that probably isn’t worth using Satang Pro over Bitkub.

Visit Satang Pro

Bitcoin ATMs

Bitcoin ATM

Bitcoin ATMs are recommended in a lot of our guides, as they are the best way to buy Bitcoins with cash if privacy is your main concern. In terms of ATM placement around Thailand, we found 9, with three in Bangkok, two in Chiang Mai, one in Pattaya, and more.

LocalBitcoins offers a highly trustworthy escrow service and peer-to-peer (P2P) exchange.  On the exchange, users to trade among themselves by posting a quick buy or quick sell ad on the exchange platform. Fees and limits will depend on the offer or ad that you select.

Visit LocalBitcoins Read Review

 

Frequently Asked Questions

Is Bitcoin Legal in Thailand?

Bitcoin is 100% legal in Thailand. There are special licenses from the Thai government for allowing businesses to operate with cryptocurrency. In addition to this license, KYC and CDD policies must be in place for exchanges to function. The Thai government has received some criticism for not adapting quickly enough to the rapidly changing cryptocurrency environment, but they are attempting to change this.

Is Bitcoin Taxed in Thailand?

Bitcoin appears to be taxed at the 15% level on any capital gains. There were talks of a 7% VAT as well for crypto investors, but this has been waived. We always recommend that you speak to a tax professional in your jurisdiction to make sure they are being done correctly. Also, there is plenty of cryptocurrency tax software out there to aid you in your tax efforts.

Conclusion

Thailand has taken the cryptocurrency and Bitcoin boom well, with numerous legislature, investments, and meetups all around the country in places like Bangkok, Chiang Mai, and more.

After our research, we found the best ways to purchase Bitcoin in Thailand are:

Let us know if you have any questions by commenting below!

Austin Tuwiner Administrator
Austin is the owner of Bitpremier, and got involved in Bitcoin in 2012. After working as a cryptocurrency journalist and and at several blockchain startups, he decided to start Bitpremier and educate the world on Bitcoin.
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