How to Buy Cryptocurrency in Thailand

Buying cryptocurrency in Thailand

Buying cryptocurrency in Thailand In 2021, Thailand�s Securities and Exchange Commission (SEC) removed its draft on crypto regulations after it faced backlash from locals. According to a report from Bangkok Post, the proposal required the minimum annual income for crypto investors to be 1 million baht (approximately $33,000). Having in mind that the World Bank�s data estimate Thailand�s per capita GDP to be around $7,800, the income required by the SEC was too high. A mandatory income verification of citizens wishing to invest in crypto was also proposed in the draft. This also faced backlash from the Thai community. Nevertheless, the Thai regulator assumed a neutral stance, stating that such criteria were only meant to assess the public�s opinion, which was normal practice for the SEC when drafting regulations. There was talk of collaboration with local exchange operators to understand the investors� view, along with Facebook live hearing in March to refine the regulations.
As of 20/03/2021

Exchanges Info

These exchanges all accept customers from Thailand. While they broadly offer the same services and you can buy cryptocurrency at all of them, there can be differences in transaction fees, security, verification requirements, deposit methods and features, as shown below

Open a Bybit Account

Bybit

Based in Singapore and registered in the British Virgin Islands, Bybit is a P2P cryptocurrency exchange offering perpetual futures products with 100:1 leverage. Bybit can process 100k transaction per second which is a great feature for leveraged trading.

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