Summary: Kasikorn Bank (KBank) doesn't have a built-in feature for cryptocurrency trading and investment within its range of banking services. The best way for Thai investors to buy crypto is by transferring Thai Baht from their KBank accounts to a secure digital asset exchanges and swap it directly for Bitcoin or other assets.
Following a detailed analysis of the top trading platforms available to Thai investors, we found that Bybit is the best option as it provides immediate and commission-free THB deposits for KBank users. Bybit is a global cryptocurrency exchange that supports multiple languages, including Thai, and features an extensive selection of digital currencies while maintaining some of the industry's most competitive fees.
- Instant THB deposits from Kasikorn Bank via Bank Transfer, Debit Card or Credit Card.
- Buy, sell and trade 770+ 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, Kasikorn Bank enables its customers to purchase crypto assets using Thai Baht (THB) through authorized cryptocurrency exchanges within Thailand. KBank does not provide direct channels for purchasing or trading cryptocurrencies through its platform but approves transfers to licensed exchanges within the jurisdiction of Thailand or a similar regulatory body worldwide.
How to Buy Crypto with KBank
The safest way to buy Bitcoin and other digital currencies through Kasikorn Bank 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 and True Money. With over 770 crypto assets, Bybit is a reliable platform for traders in Thailand and the Asia Pacific.
KBank customers can begin their crypto investing journey with these four steps:
- Registration: Set up an account on Bybit and complete the verification process.
- Pick Method: Go to ‘Buy Crypto’ and pick one of the available deposit methods.
- Select Currency: Select ‘THB’ as your currency, choose a crypto, and pick a payment option to transfer funds from KBank.
- Purchase Crypto: Input the amount of THB you wish to spend and tap ‘Buy’.
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Kasikorn Bank Cryptocurrency Policy
Kasikorn Bank adopts a progressive approach toward digital currencies. It enables its customers to explore the world of digital assets through cryptocurrency exchanges sanctioned by the Bank of Thailand (BOT). By facilitating access to Bitcoin and a range of other cryptocurrencies, investors can bypass traditional banking risks, underscored by recent financial instabilities globally, while concurrently diversifying their portfolios.
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, Kasikorn 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 like Bybit. Although KBank doesn't directly offer crypto trading, customers can finance their exchange accounts using Thai Baht in their Kasikorn Bank accounts and cards.
This approach fosters portfolio diversification and offers a measure of risk mitigation against conventional banking uncertainties. The crucial step in this endeavor is selecting a trusted exchange within Thailand or globally to ensure secure and effortless crypto investments.
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.
