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Buy Bitcoin (BTC) in Thailand with THB with Lowest Fees
Buy Bitcoin (BTC) in Thailand with THB with Lowest Fees
Changelly is a well-established cryptocurrency exchange that allows users to buy, sell, and swap Bitcoin (BTC) and 500 other cryptocurrencies in Thailand, using credit cards, debit cards, bank transfers, and e-wallets like Apple Pay. Benefit from paramount security measures, some of the lowest fees in the crypto market, and instant transaction processing. Changelly is the best platform when you need crypto at the best exchange rate quickly, safely and efficiently.
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How to buy Bitcoin in 5 easy steps
Set your purchase pair
Select the crypto you’d like to purchase. Next, choose the local currency you want to buy crypto with and your country of residence. Compare the best offers and choose the one that suits you most.
Provide your crypto wallet address
Enter your crypto wallet address in the required field. Double-check your unique crypto wallet address to make sure it is correct.
Verify your identity
Verify your identity with the provider you've chosen to buy crypto with. This is the best way to make sure that the payment information is only yours.
Confirm your payment
Confirm your payment and have your purchased cryptocurrency delivered to your crypto wallet in several minutes.
Welcome your crypto
As soon as the payment goes through, your coins will be credited to your wallet address.
Payment methods to buy Bitcoin
A bank transfer is a secure option to buy cryptocurrency, especially if you are thinking of purchasing large amounts of virtual currency. Keep in mind that bank transfers may take a little longer, and fees may vary.
Apple Pay and Google Pay
Apple Pay and Google Pay are the quickest ways to buy BTC with a credit or a debit card from your iOS or Android device.
Credit or Debit Card
Credit or debit card payment is one of the effortless ways to buy BTC and other cryptocurrencies in a fast and secure manner. With Changelly, you can use a Visa or a Mastercard credit card issued in your local currency.
Buy Bitcoin Without Any Hassle
Purchase your crypto with any payment method that suits you best. Start buying with as little as 30 USD or your local currency equivalent.
Why buy Bitcoin on Changelly?
We take a comprehensive security approach to ensure your crypto investments and identity are safe. We provide quick crypto purchases to more than 2.6 million users every month.
Got any questions? We've got all the answers. Changelly offers personal support to each and every user. We are here to help you 24/7 with any challenges that you might face using our services.
Get any of the 500+ supported cryptocurrencies in mere minutes with just a few clicks and at the best rates on the market.
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We aggregate crypto offers from a variety of fiat payment providers so that you can always find the very best one.
How is the Price of Bitcoin Determined?
Bitcoin is a decentralized digital currency whose price is determined by market supply and demand. The price rises with high demand and falls with high supply. Mining rewards also impact the price as new Bitcoins are created through complex equations. Media attention and government regulations also influence the Bitcoin price, with positive coverage attracting investors and negative coverage causing temporary price dips.
Can I Buy Less Than 1 Bitcoin?
Buying less than 1 Bitcoin is possible. You can buy or trade Bitcoin in very tiny denominations, known as a "Satoshi" named after the secret creator of Bitcoin Satoshi Nakamoto. It equals 0.00000001 Bitcoin because each Bitcoin coin consists of 100 million tiny particles. Exchanges and services like Changelly allow the purchase of fractional amounts of Bitcoin.
Where to Store Bitcoin?
One important aspect of Bitcoin ownership is selecting the right place to store it. With no physical location or government backing, secure storage becomes crucial. Here are options for where to store Bitcoin funds:
- Hardware Wallets. They are physical devices, like USB drives, that store private keys offline for higher security against hacking and web-based attacks. A hardware wallet falls into the category of cold storage solutions because of their disconnection with the Internet.
- Desktop Wallets: installed on a computer or laptop, these wallets store Bitcoin directly on the device's hard drive, making them a non-custodial wallet solution. They offer enhanced privacy, encryption, and multi-signature authorization but require users to safeguard their device.
- Online Wallets: software applications that hold private key information on remote servers controlled by third-party service providers. A hot storage variety because of being hosted online, they offer convenience and accessibility but may have vulnerabilities to hacking attempts. Consider this online storage only for a short period of holding.
Consider ease of use, convenience, security, privacy, and unique factors before choosing a method that best fits your needs and preferences.
Which Bitcoin Wallet Can I Use?
Bitcoin still reigns supreme as the world’ most valuable crypto asset, so it's important to keep your wealth secure. Use a reliable crypto wallet like Ledger Nano X, a trusted hardware wallet with offline storage and Bluetooth connectivity.
Trezor Model T is another popular cold wallet with a touchscreen display and two-factor authentication. For software wallets, Exodus offers an intuitive interface and full control over your keys, while Electrum provides advanced security options. Choose the right wallet to secure your investments from scammers and cybercriminals.
Is Thailand a Crypto-Friendly Country?
Thailand has taken a mixed stance on cryptocurrencies. While it has established regulations and a legal framework for cryptocurrency and blockchain-related activities, it has also implemented strict regulations and restrictions, particularly regarding the prohibition to use digital assets as a means of payment.
Thailand's Securities Exchange Commission (Thai SEC) has implemented policies and rules to regulate digital asset providers and user activities with cryptocurrencies. This shows the country's proactive measures for legal and secure cryptocurrency transactions.
Is Bitcoin Legalized in Thailand?
Although cryptocurrencies like Bitcoin are not considered to be legal tender in Thailand, the Royal Decree on Digital Asset Business adopted in May 2018 views them and other crypto assets such as non-fungible tokens (NFTs) as “digital assets.” The Decree allows for issuing, buying, selling, holding, and exchanging such assets.
The SEC Thailand regulates digital asset businesses (operators), such as cryptocurrency exchanges, brokers, dealers, crypto fund managers, and investment advisors. These operators must apply for licenses from the SEC Thailand. However, local banks and financial institutions are still barred from direct involvement in cryptocurrency transactions.
The Bank of Thailand requires cryptocurrency exchanges to disclose KYC information for users involved in transferring crypto funds. ICOs and newly issued cryptocurrencies need prior approval from SEC Thailand and a draft prospectus detailing the underlying blockchain project.
Nevertheless, Thailand prohibits businesses from accepting cryptocurrency as payment and does not consider digital assets to be lawful currencies. The SEC Thailand enforced this rule from April 2022 to maintain the stability of Thailand's economic system. Despite abolishing a 7% value-added tax for digital asset investments, Thailand believes that allowing crypto payments introduces risks associated with price volatility into the traditional financial system.
How Can I Buy Bitcoin in Thailand?
Cryptocurrency exchanges, peer-to-peer marketplaces, Bitcoin ATMs, OTC trading, and crypto vouchers are commonplace methods of buying Bitcoin in Thailand.
Can I Sell Bitcoin in Thailand?
Yes, you can sell Bitcoin in Thailand, and generally via the same avenues used for buying crypto. Some selling modes may involve higher fees compared to others, such as withdrawing funds to a bank account is generally cheaper than to a debit card or e-wallet. Profits made from selling Bitcoin are a taxable event in Thailand.
Buy, sell, or trade Bitcoin, as well as other crypto assets, with caution. The crypto market is volatile and unpredictable. Do not regard this as investment advice – the entire guide is for informational purposes only.
Got any questions about the BTC purchase on Changelly?
We tried to gather all the necessary information about the BTC purchase on this page. Yet, the crypto world can be darned confounded. If you still have questions, check out the FAQ page or contact our support team 24/7.
Keep your Bitcoin safe and sound
If you are searching for the best cryptocurrency wallets for your favorite coins, look no further! Whether you are a crypto pro or just starting out, these wallets might be a good option for crypto storage.
Integrating Changelly services into Trezor Wallet's exchange has been a great success for all parties, especially the users. Working with Changelly is a pleasure, thanks to their professional and courteous approach.
Changelly is the best option for users to access the most cost-savvy rates
With Changelly's stellar team, we have developed a unique system to ensure exchanges are fulfilled in the fastest possible time and with immediate customer support.
We are thrilled to partner with Changelly to provide an exceptional trading experience: anytime, anywhere - in a few simple taps!
Is It Legal to Buy Bitcoin in Thailand?
Bitcoin (BTC), the most popular cryptocurrency ever with the largest trading volume, has gained increasing attention and adoption since its inception in 2009 in Hong Kong, Thailand, and all around the globe. As with any emerging technology or industry, governments around the world have been struggling to keep up with regulations surrounding digital assets like Bitcoin. Thailand, however, has taken a proactive approach in regulating cryptocurrencies, including Bitcoin.
In 2018, the Thai government enacted the Digital Asset Business Emergency Decree, which regulates digital asset transactions and related activities in the country. This means that individuals and businesses, including cryptocurrency exchanges, that wish to engage in digital asset activities must obtain a license from the Thai Securities and Exchange Commission (SEC) before conducting any business. This includes buying and selling Bitcoin.
Under this regulatory framework, Bitcoin is classified as a cryptocurrency and falls under the scope of the Digital Asset Business Emergency Decree. This means that while it is legal to buy Bitcoin in Thailand, individuals and businesses must comply with strict rules and regulations set forth by the SEC.
One of the key requirements for businesses dealing with digital assets, including Bitcoin, is to ensure that customer information is properly verified. This is in line with anti-money laundering and counter-terrorism financing laws. Transactions involving Bitcoin must also follow these laws, ensuring that the cryptocurrency is not being used for illegal activities, such as money laundering or terrorism financing.
In addition to these regulations, businesses must implement proper security measures to protect customer assets. This helps to prevent fraud and ensure the safety of individuals engaging in Bitcoin transactions. Failure to comply with these regulations can lead to severe penalties, including revocation of the license, fines, and even imprisonment.
Popular crypto exchanges, such as Thailand Bitkub, Satang Pro, and Zipmex are located in Thailand and offer Thai residents the opportunity to buy, sell, and trade various cryptocurrencies and digital tokens, including Bitcoin, Ethereum, and more. This presence of exchanges in Thailand supports a positive response to the question "Is Bitcoin Legal in Thailand?"
An important note: cryptocurrency transactions, including buying, selling, or exchanging, may be subject to personal income tax in Thailand. Thailand's tax regulations classify cryptocurrencies as digital assets, subjecting them to capital gains tax rates of up to 15%. Cryptocurrency mining is also subject to taxation, but the details are currently unclear.
Best Ways to Buy Bitcoin in Thailand Safely
In Thailand, when you want to buy Bitcoin safely, nothing beats the security and convenience of using crypto exchanges. Changelly is one of the most reliable platforms in the industry, constantly delivering the ultimate services and offering the best exchange rates for customers.
With a wide selection of digital assets, Changelly provides instant buying options through our website and mobile app. On Changelly, accepted fiat currencies are USD, EUR, the Thai Baht, and 80 more.
Thanks to collaborations with trusted fiat vendors like MoonPay, Banxa, Switchere, Simplex, and Wert, Changelly allows for seamless fiat-to-crypto transactions via different payment modes like cards, bank transfers, and more.
Rest assured, your transactions are secure with Changelly's robust security measures, such as two-factor authentication, SSL encryption, non-custodial service, KYC/AML compliance, and 24/7 customer support.
Enjoy low trading fees and fast order executions, as Changelly's AI technology scans multiple cryptocurrency trading platforms to find the most profitable purchase rates in the market.
Don't have a wallet yet? No problem. Through partnerships with leading wallet providers, including Ledger Live, Exodus, Trezor, and others, Changelly can assist you with obtaining secure storage for your BTC coins.
How to Buy Bitcoin with Credit or Debit Card in Thailand
Many Thai investors are curious about how to buy Bitcoin in Thailand, using regular bank cards. In Thailand, buying Bitcoin and other cryptocurrencies with credit cards, debit cards, or other payment methods is not possible without verifying your identity. This is known as the Know Your Customer (KYC) process. It is an unavoidable legal requirement for Thailand-based exchanges or international platforms that serve Thai users.
To fulfill this requirement, you will need to provide some personal details, such as your full name, date of birth, and place of residence, as well as upload a photo of your driver's license, passport, or national ID card.
Certain popular Bitcoin exchanges may require you to link your card to your account, provide card details (such as a holder name, expiry date, number, and secret code), and make a fiat deposit before allowing you to buy BTC. In the case of Changelly, which is a non-custodial exchange service, you can buy Bitcoin directly from your payment method, without having to send money to our platform beforehand.
After getting registered and verified with a reputable crypto exchange or trading platform in Thailand (and optionally funding your account), you can easily purchase BTC with a credit or debit card. On Changelly, when creating the transaction, you will have to provide your BTC wallet address, so our platform can deliver the purchased coins to the right destination.
With other crypto trading companies, the purchased crypto coins will be delivered to an internal storage wallet on the same platform.
How to Buy Bitcoin with a Bank Transfer in Thailand
Investing in BTC in Thailand is easy, thanks to bank transfers. Purchasing Bitcoin (BTC) with a wire transfer is similar to making crypto investments with a card: just type in your bank account details instead of filling in your card credentials.
Identity verification is also necessary, when using this payment method. At Changelly, our fiat providers let you purchase BTC coins, using SEPA, Faster Payments, Interac, and other popular bank transfer systems.
Note: on Changelly, the preferred payment methods, like a wire transfer from your Bangkok bank account, may not be available based on the chosen fiat currency. If you cannot purchase Bitcoin with Thai Baht via a bank wire in Thailand, explore alternative methods, such as Mastercard or VISA.
Although wire transfers are secure, they do not allow you to buy Bitcoin instantly, and the process can take several hours or even days to complete.
How to Buy Bitcoin with Apple Pay in Thailand
Apple Pay is an innovative mobile payment system for iOS. It allows users to purchase Bitcoin online instantly through appropriate companies, like Changelly. Widely supported in the United States, United Kingdom, and European countries, Apple Pay, however, has not yet made its official presence in Thailand, depriving local investors from the opportunity to buy cryptocurrency with iPhone.
Do not lose your heart anyway! As a workaround, there is Google Pay available. It allows you to add your Bangkok Bank card to it, so you can buy BTC on some popular crypto exchange that welcomes alternative payment methods. Google Pay is supported by Changelly, as well.
How to Buy Bitcoin from an ATM in Thailand
According to the website coinatmradar com that searches for the crypto ATM installations all over the world, there is one Bitcoin ATM machine in Thailand, namely in Phuket. Despite the very limited availability, Thai investors indeed can buy and sell Bitcoin from an ATM, using a fiat currency like THB (Thai Baht).
To buy Bitcoin from an ATM in Thailand, follow these simple steps:
Find a Bitcoin ATM near you using online directories or mobile apps.
Check the Bitcoin price beforehand on trusted cryptocurrency platforms or websites.
Approach the selected Bitcoin ATM and select the "Buy Bitcoin" option on the machine's screen.
Enter the desired amount of Bitcoin you want to purchase or choose from the available denominations.
Scan the QR code of your Bitcoin wallet using the ATM's scanner or provide the wallet address manually.
Insert the required amount of Thai Baht (THB) into the ATM, considering the current Bitcoin price.
Verify the transaction details and confirm the purchase.
Wait for the transaction to process, and the purchased Bitcoin will be deposited into your wallet.
Deposit fees of Bitcoin ATMs may be rather high, but such machines allow you to buy Bitcoin anonymously and conveniently in Thailand today.
How to Buy Bitcoin with PayPal in Thailand
How to buy Bitcoin in Thailand with PayPal? This question bothers many crypto enthusiasts. PayPal enables buying and selling Bitcoin, along with a few other cryptos like Ethereum and Bitcoin Cash. However, the financial system limits its cryptocurrency service to the residents of the USA as of now. Thai buyers cannot use their PayPal account funds to buy Bitcoin directly.
As a funding method for crypto investments, PayPal may be offered by peer-to-peer marketplaces, crypto brokers, and cryptocurrency exchanges like OKX.
How to Buy Bitcoin with a Prepaid Card in Thailand
To buy Bitcoin (BTC) with a prepaid card in Thailand, there are a few steps you can follow.
Find a reputable cryptocurrency exchange that accepts prepaid cards as a payment method.
Create an account on the chosen exchange and complete the necessary verification process.
Navigate to the "Buy Crypto" section, pick BTC, and select the prepaid card option as your payment method.
Enter the required details of your prepaid card, such as the card number and expiration date, and specify the amount of Bitcoin you wish to purchase.
Review the transaction details and confirm the purchase.
Pros of buying Bitcoin with a prepaid card include the ability to maintain a certain level of privacy and the absence of bank account requirements. However, there are a few cons to consider. Prepaid cards may have lower purchase limits compared to other payment methods, they may incur additional costs or higher transaction fee requirements, and availability of exchanges accepting prepaid cards can be limited.
How to Buy Bitcoin with Cash in Thailand
People commonly buy BTC online, using familiar payment methods like credit or debit cards, wire transfers, or Apple/Google Pay. If you are adamant about incorporating classic fiat money into purchasing crypto in Thailand, you can explore the next avenues:
Peer-to-Peer (P2P) Platforms. P2P platforms connect individuals looking to buy and sell Bitcoin directly. Paxful and Binance P2P are popular P2P platforms where you can find sellers accepting cash payments. The platforms act as intermediaries, facilitating the transaction and providing escrow services to ensure security.
Bitcoin ATMs. Bitcoin ATMs, also known as BTMs, are physical machines that allow users to buy Bitcoin using cash. These ATMs can be found using online directories like Coin ATM Radar. You simply deposit cash into the machine and provide your Bitcoin wallet address to receive the purchased coins. Yet be mindful of a possibly high trading fee.
Bitcoin Vouchers. Some platforms or services in Thailand offer Bitcoin vouchers or gift cards that can be purchased with cash from physical retail stores. Buyers can redeem these vouchers online to receive their Bitcoin.
Crypto Exchanges. Many exchanges operating in Southeast Asia, including Thailand, offer a multitude of regular payment schemes like bank cards, wire transfers, e-wallets, among others for purchasing digital currencies. You can deposit cash onto one of these methods and use these funds on buying BTC through a regulated platform like Changelly.
Can Foreigners Buy Bitcoin in Thailand?
In Thailand, buying Bitcoin by non-residents is allowed. Thailand has regulations and locally registered crypto exchanges that allow foreigners to purchase BTC and other cryptocurrencies. They can create an account on a local digital asset company, complete the necessary verification procedures, and make crypto investments, using various payment methods, including bank transfers or payment processors. It's important to note that individuals may need to comply with Know Your Customer (KYC) regulations and established crypto tax rules in Thailand.
Who Accepts Bitcoin in Thailand?
Bank of Thailand (BoT) has issued a ban on using cryptocurrencies and digital assets for payments. The ban was put in place to ensure financial stability and protect consumers from potential risks associated with cryptocurrency transactions. This means that cryptocurrencies cannot be used as a form of payment for goods and services in Thailand.
However, this ban primarily focuses on using cryptocurrencies as a means of payment, and it does not prohibit individuals from buying, selling, or holding cryptocurrencies through exchanges. Thailand still has local cryptocurrency exchanges that allow individuals to trade and invest in cryptocurrencies, as long as they comply with the regulations set by the BoT.
You have numerous possibilities to spend Bitcoin anywhere outside Thailand:
Travel and accommodation. Expedia and Airbnb accept Bitcoin for booking flights, hotels, and vacation packages.
Retail giants. Microsoft Store and Overstock allow customers to purchase various products, including software, devices, and furniture, using Bitcoin.
Food delivery. Delivery com partners with local establishments to offer food, beverages, and essentials payable with Bitcoin.
Online marketplaces. Etsy offers handmade and vintage products that can be purchased with Bitcoin, while Shopify enables online merchants to accept Bitcoin as a payment option for their stores.
How to Cash Out Bitcoin in Thailand?
Ways to sell Bitcoin for cash are multiple in Thailand. When you need to convert your crypto holdings to fiat like Thai Baht, have a look at these convenient methods:
Local and global cryptocurrency exchanges allow you to sell BTC for fiat and transfer money to your card or bank account. Changelly, a popular Bitcoin exchange in the Southeast region, does offer this possibility to Thai investors.
Peer-to-peer (p2p) trading platforms let you communicate with BTC buyers and negotiate the best deal for selling Bitcoin for cash.
Bitcoin ATMs are internet-enabled standalone machines that are connected to the Bitcoin blockchain and let you buy and sell crypto for national money.
Over-the-counter (OTC) trading platforms – they allow you to sell Bitcoin in large amounts directly to buyers in Thailand. These platforms connect you with potential buyers who are willing to purchase Bitcoin in bulk, often at negotiated prices.
Gift Cards. Some online crypto marketplaces like Bitrefill allow users to convert their Bitcoin possessions into gift cards from major retailers, such as Amazon, Walmart, or iTunes which can then be sold or redeemed easily.
Crypto VISA card. Using a crypto Visa card is another possible way to trade Bitcoin for cash in Thailand. These cards allow you to convert your Bitcoin into fiat currency and spend it just like a regular debit or credit card. Companies like Wirex issue crypto-based VISA cards.
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