Summary: Krungsri Bank does not facilitate cryptocurrency investments through its online portal. Investors in Thailand must use a digital asset exchange to buy, sell and hold cryptocurrencies. To ensure the safety of your assets, we recommend using a platform that is transparent in its assets and provides a regularly updated proof-of-reserves.
Our experts assessed the leading crypto exchanges available to Thai investors and found Bybit was the number one choice for Krungsri customers. It has an impressive security record, with no cyber attacks reported since its inception in 2018. Bybit also provides 24/7 Thai-speaking customer support, and the platform can be used entirely in Thai, among 16 other languages.
- Free and Instant Thai Baht (THB) deposits from Krungsri Bank accounts.
- Trade 400+ Cryptocurrencies & Stake, Borrow and Lend 200+ tokens.
- Provides proof-of-reserves showing users funds are held 1:1.
Can I Buy Bitcoin with Krungsri Bank?
Krungsri Bank account holders cannot buy any cryptocurrency, including Bitcoin, on the banking platform. However, they can purchase tokens through a secure, centralised cryptocurrency exchange in Thailand. Customers can deposit Thai Baht (THB) from their accounts to a trading platform and buy hundreds of tokens directly with their baht.
How to Buy Bitcoin and Crypto with Krungsri Bank
As mentioned above, the fastest way to buy crypto assets such as Bitcoin or Ethereum is via a digital currency exchange. Bybit is a safe and user-friendly trading platform that offers many deposit methods to transfer THB from your bank, including but not limited to bank transfers, credit/debit cards, Google Pay and Maestro.
Thai investors can begin trading crypto in four easy steps:
- Create an account on Bybit and verify your email or phone number.
- Click on ‘One-Click Buy’ and choose the payment method and currency.
- Enter the THB you wish to deposit from your Krungsri Bank account.
- Select the coin you want to purchase and click ‘Buy.’
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Is Krungsri Bank Crypto-friendly?
Krungsri Bank has not introduced cryptocurrency investing services for its customers, as it exclusively operates with fiat currencies. However, the bank has a positive stance on assets like Bitcoin and does not prohibit customers from depositing money in crypto exchanges. Therefore, it is safe to say that the bank is crypto-friendly as long as customers choose secure trading platforms.
What Is Krungsri Bank?
Krungsri Bank, officially known as Bank of Ayudhya PCL, is a key player in Thailand's banking industry, offering a wide range of financial services to its diverse customer base. As a Mitsubishi UFJ Financial Group subsidiary, one of the world's largest financial conglomerates, Krungsri Bank blends global expertise with a deep understanding of local markets. It has established a solid reputation for its exceptional customer service.
The bank offers many financial products and services, including personal banking, corporate banking, investment banking, and asset management. It has won several accolades, including the Thai Bankers Association Award for Best Retail Bank in Thailand and the Asian Banking and Finance Award for Best Retail Bank in Thailand.
Final Thoughts
To summarise, Krungsri Bank offers no direct cryptocurrency investing services to its clients. That said, the bank's customers can transfer funds to a secure digital asset exchange and buy tokens directly on the platform. Our experts consider Bybit the safest and easiest option for purchasing crypto assets, with tools ideal for beginners and expert traders.
I am a Finance graduate and market analyst that enjoys researching and writing about digital assets and how they intersect with Macro.
