Can I buy Cryptocurrencies on KBank?
Technically, no, you cannot buy cryptocurrencies on the Kasikorn banking platform. However, it did launch a seperate cryptocurrency exchange under the KBank brand called Kubix. Kubix however does not offer any of the popular tokens like Bitcoin and Ethereum and only offers three tokens from 'Destiny Investment'.
We recommend using a secure, established, regulated and licensed cryptocurrency exchange to buy tokens in Thailand. The best cryptocurrency investing platform is eToro, it's been around since 2007 and is a high security exchange. It offers over 2000 unique assets and offers customer support in multiple languages including Thai.
How to buy Bitcoin with Kasikorn Bank
If you want to buy Bitcoin with Kasikorn bank, you have come to the right place. In this guide, we show Thai investors how to buy Bitcoin with debit/credit card but you can also choose to pay via Bank Transfer, Skrill, Neteller and PayPal. Follow the steps below to get started.
- Create an account on eToro and complete the questionnaire.
- Select ‘Deposit Funds’ and enter your details and amount in EUR, GBP, USD or AUD.
- Search for Bitcoin in the search bar and click ‘Trade’.
- Enter the amount you want to buy and tap ‘Open Trade’.
Is it expensive to buy cryptocurrencies in Thailand?
This depends on where you're buying cryptocurrencies from, when you use popular exchanges like Coinbase, you could be subjected to 4 - 5% trading fees and 3 - 5% deposit fees. But on eToro, KBank users get free and instant deposits when they use credit/debit card. And the trading fees are a flat 1%, which is on par with the industry average.
Kasikorn Bank Cryptocurrency Policy
Kasikorn Bank, also known as KBank, is one of the largest banking institutions in Thailand. It offers a wide range of financial services, including banking, lending, investments, and insurance. KBank has been at the forefront of developing new financial technologies, such as mobile banking and contactless payments. The bank was also one of the first in Thailand to launch a cryptocurrency exchange, Kubix.
KBank is considered a crypto-friendly bank given it has launched its own cryptocurrency exchange. There is nothing stated in its policies that would prohibit their users from investing in cryptocurrencies with their KBank accounts.