Summary: Kasikorn Bank does not offer a direct cryptocurrency investment service through its mobile app or web portal. KBank customers looking to invest in Bitcoin and other tokens can securely transfer funds to a reliable exchange, where they can buy, sell, and trade various digital assets. It’s important to choose platforms complying with Thailand's financial regulations to ensure safe and legal transactions.
Bybit is the most suitable choice for KBank clients thanks to its competitive fees and free THB deposits. Thai investors can choose from a diverse range of over 1000 crypto assets for trading or staking purposes. The platform's interface and customer support services are available in both Thai and English, making it perfect for local traders.
- Instant THB deposits from Kasikorn Bank via Bank Transfer, Debit Card or Credit Card.
- Buy, sell and trade 1000+ Cryptocurrencies for low fees via Spot and Futures trading.
- Proof-of-reserves that show customer funds are backed 1:1.
Can I Buy Bitcoin with Kasikorn Bank?
Yes, you can easily buy Bitcoin with Kasikorn Bank. Investors can swap their Thai Baht (THB) for Bitcoin and a host of other crypto assets. This process is supported by and conducted through established digital asset exchanges in Thailand that strictly adhere to the country's financial legislation. We recommend interacting with platforms compliant with the Thai Securities and Exchange Commission (SEC) in order to ensure a reliable experience when investing in digital currencies.
How to Buy Crypto with KBank
The best way to buy Bitcoin and other digital currencies through KBank is by using a reputable exchange like Bybit. This platform is internationally recognized and integrates seamlessly with KBank accounts. Customers can finance their accounts with THB through various methods, including bank transfers, credit cards, Google Pay, Apple Pay and True Money. Once your account is funded, users will have access to invest in over 1000 cryptocurrencies.
Follow the steps below to buy digital assets with Kasikorn Bank:
- Account Registration: Set up an account on Bybit and complete the verification process.
- Pick Payment Method: Go to ‘Buy Crypto’ and pick one of the available deposit methods.
- Select Tokens: Select ‘THB’ as your currency, choose a crypto, and pick a payment option to transfer funds from KBank.
- Execute Trade: Input the amount of THB you wish to spend and tap ‘Buy’.
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Kasikorn Bank Cryptocurrency Policy
Kasikorn Bank recognizes the increasing interest in digital currencies and supports its clients' ventures into this evolving field. The bank grants access to regulated trading platforms, consistent with the guidelines of Thailand's Securities and Exchange Commission (SEC) and various international regulatory standards, to ensure secure crypto transactions. Bybit is suggested for its compliance with local regulations and its transparent reserves policy, ensuring that customer assets are safeguarded on a 1:1 basis.
Digital Asset Investing Fees
Understanding and properly managing the costs involved with crypto investments is crucial for successful financial control. Kasikorn Bank customers should take note of the following expenses found on digital asset platforms:
- Trading Expenses: Most exchanges charge a trading fee, which is taken everytime you buy or sell a token. Our recommended platform Bybit, has a 0.1% fee per trade.
- Fund Transfer Costs: The cost of making a deposit can vary based on the method used. Bybit stands out by offering free bank transfers in Thai Baht (THB), a favorable option for many Thai customers.
- Withdrawal Fees: Moving cryptocurrencies off the platform may incur fees, depending on the specific digital currency.
KBank clients can enjoy the advantages of Bybit's low trading fees and free THB deposits. Bybit's commitment to financial regulations and diverse cryptocurrency offerings align effectively with the needs of Thai investors.
What is Kasikorn Bank?
Kasikorn Bank is widely recognized as one of Thailand's largest and most reputable banking institutions. It provides a comprehensive range of financial services that span personal banking, corporate banking, investment, and insurance services. With a heritage dating back to 1945, the bank has made impactful strides in financial technology, fostering innovation and customer convenience with its extensive digital banking solutions.
Over time, the bank's market presence has expanded beyond Thailand, reaching into several other countries and solidifying its role as a regional banking powerhouse. Notable for its commitment to social responsibility and sustainability, the bank consistently invests in initiatives aimed at promoting financial literacy and supporting local communities.
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Final Thoughts
To summarize, KBank allows its customers to investigate and invest in cryptocurrencies, such as Bitcoin, by enabling transactions with approved crypto exchanges. We recommend using Bybit as the platform can be used entirely in Thai and provides live customer support in the language. It has unique features like staking, crypto loans, an NFT marketplace, derivatives trading, demo accounts and more.
I fell into crypto during the 2017 mania and have been around ever-since. I now write, research and publish my own reports on the digital asset ecosystem.
