Never Depend on Single Income, Make Investment to create a second source.
Warren Buffet
As rightly said by Warren Buffet, Investment is the key to increase your wealth. You have heard about many investment methods like shares, debentures, and a lot more but the next-gen investors are also trusting cryptocurrencies now. We will take you through the complete procedure to buy bitcoins in Thailand with the best recommended bitcoin exchanges of Thailand.
Buy Bitcoin Thailand – 101 Guide
According to the Royal Enactment on Digital Asset Business BE 2561 (REDA), 2018, there are three business operators by which you can buy and sell Cryptocurrencies in Thailand.
These business operators work as intermediaries and are categorized under Digital Asset Businesses, which are operated via the Secondary Market.
All of these are regulated by the Securities and Exchange Commission.
Now let us introduce to you, what are these three digital asset businesses-
- Digital Asset Exchange – It is a center or network formed to sell, exchange, or purchase digital assets such as cryptocurrencies and digital tokens. They work by matching or arranging the counterparties or providing a system, or arranging for a person who wants to trade in digital assets.
- Digital Asset Broker – They refer to a personwho grants services or present himself out to the public as available to be a broker or an agent for people who wish to sell, purchase or exchange digital assets with other persons. They can do so by charging any remuneration or a fee for his services.
- Digital Asset Dealer –They are regarded as a person who provides services or holds himself in front of the public as a person available to sell, purchase or exchange digital assets from his/her account in the ordinary course of business.
- Which digital asset business should you opt for?
Now, a person trading in bitcoin or any other cryptocurrency can opt for any of the three points mentioned above. However, we would recommend you to go through digital asset exchanges.
These exchanges let you compare the prices effectively and allow you to buy bitcoins in Thailand at the best available prices and withdraw in thai bahts.
- What Laws do you have to comply with?
A person who wishes to buy bitcoins in Thailand or any such cryptocurrency, should go through a verified exchange like Bitmart.
Besides this, before registering for any exchange, you need a —-
- Passport / Id Card.
- Residency Certificate ( If you don’t have, you can purchase it through the immigration department)
- A Picture holding your Id in your hands for verification
Additionally, if you are going for a thai based crypto exchange company, you need to have Thai Baht, i.e., Thailand’s local currency, with you.
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Recommended Crypto Exchanges to Buy Bitcoins in Thailand
Listed below are some of the top exchanges with which you can buy or sell bitcoins in Thailand
Coinmama
Coinmama started in 2013, operates in almost every part of the world. It provides you with the flexibility to make the payment via several options such as debit card, credit card, Apple Pay, or Bank Transfer.
With this exchange, you get access to your bitcoins without paying any deposits, allowing you to trade in bitcoin instantly. Its process of registration is also relatively quick and straightforward.
Also, it gives the highest limit to buy bitcoin with a credit card and an opportunity to trade in altcoins like bitcoin cash.
Bitmart
Bitmart is one of the most trusted and reliable brokers in the space of cryptocurrency exchanges in Thailand. With this exchange, you can invest in bitcoin in 180+ countries like Hongkong, New York, Seoul, to name a few.
Its platform is easy to use for first-time buyers and professionals. They also suggest their clientele on top digital assets where they can invest their hard-earned money.
Moreover, it allows you to trade anytime and anywhere, as you can assess this platform via your mobile phones.
CEX.IO
CEX.IO, incepted in 2013, is one of the best cryptocurrency exchanges. It allows you to buy and sell various cryptocurrencies such as Bitcoin, Etherum, Ripple, Stellar, Litcoin, and many more.
You can use currencies like the Dollar, Euro, Pound, and Russian Rubble to fund cryptocurrencies through this exchange.
It gives you the advantage of buying a crypto-backed loan, which means you can use your bitcoin to avail of a loan if you don’t wish to sell it.
Furthermore, it supports payments through credit cards and SEPA so that you can use your credit power to boost investments and buy bitcoins in Thailand with credit cards.
Bitmex
Bitmex is a peer to peer trading platform that provides services only in Bitcoins.
The good thing about it is that you don’t need to fill in any KYC details while registering on this exchange, good for those who don’t want to reveal their personal information.
It offers you to trade in perpetual contracts and futures.
Perpetual Contract is a product invented by Bitmex, which is similar to additional future contracts with slight differences such as they are not subject to expiry or settlement.
Local Bitcoin
Local Bitcoin is one of the popular crypto platforms. It works as a third party between the buyer and seller of bitcoins working like an escrow service provider. So, what is an escrow service?
It means they work as a mediator wherein before you transfer your money, a seller’s bitcoins are kept in an escrow, and when the seller tells of receiving the payment, they dispatch the bitcoin to you.
This working way makes it a secure portal and helps them match a buyer with a seller willing to sell his bitcoin.
eToro
eToro is a very famous social trading platform and a crypto exchange company. It is one of the oldest financial trading companies allowing you to trade in stocks, commodities, and currencies besides cryptocurrencies.
In this exchange, you can make deposits through bank transfers, Paypal and SEPA.
It also provides you with a unique feature, which is called copy trading. This feature allows you to copy the trading practices of successful traders located throughout the world.
Further, it has made trading more comfortable and fun by adding graphical representations of financial instruments.
Types of Exchanges to Buy Bitcoin Anonymously
In case you desire to buy bitcoins anonymously without revealing your identity; now you can with these exchanges as mentioned below –
Binance
Binance is one of the leading global digital currency trading platforms. This exchange requires no KYC Procedures.
It also provides you with a Trust wallet, a cryptocurrency wallet of Binance, which lets you store your cryptocurrencies. So with this, you don’t need to invest in any additional wallet.
It lets you trade in several ways like Convert, Classic, Advanced, Margin, and P2P. With this exchange, you can use third-party services like Simplex and Banxa for making payments.
Changelly
As the name suggests, this cryptocurrency platform is slightly different from the rest of all. This exchange started in 2015, acts as an interface between crypto exchanges and users.
With Changelly, you need to have an altcoin like Litcoin, Dogecoin, or any other to buy bitcoin.
As it works with different exchanges, it claims to provide the best offers to its users. Its system of working makes it very easy to trade in bitcoin and altcoins anonymously.
Paxful
Paxful is classified among the best P2P trading platforms to buy purchase bitcoins in Thailand. It gives you an option to buy cryptocurrencies using 300+ payment methods like online wallets, gift cards, digital currencies, debit/credit cards, and above all, in Cash.
The availability of making payment through Cash makes it a completely viable portal for trading in bitcoins without sharing your identity.
It also allows finding a seller easily in your nearby area if you wish to buy or sell bitcoin personally.
Bitcoin ATMs: A Smart Method to Buy Bitcoin Anonymously
Another easiest way to buy bitcoins in Thailand completely anonymously is through Bitcoin ATMs. Buying bitcoin through ATMs will allow you to purchase bitcoin unguardedly in Cash.
You don’t have to comply with any verification procedures or undergo any scanning formalities like fingerprints or facial recognition.
If you are wondering how to find a Bitcoin ATM in Thailand, you don’t need to worry. You can easily find them using ATM Maps, which will act as your guide.
With ATMs, you don’t need to have any wallet you may need while trading through crypto exchanges.
WRAPPING UP –
If you are still wondering how to buy bitcoin in Thailand, trust us and try Bitmart and the rest will be followed. Lastly, we recommend that you read all the guidelines to have a safe and secure transaction before you buy Bitcoins in Thailand.
