How to buy Crypto with Krungthai Bank
As mentioned above, the easiest way to buy crypto with a Krungthai Bank account is by going through a secure digital-asset exchange in Thailand. We recommend the Bybit platform as they offer free & fast Thai Baht (THB) deposits to trade a wide variety of crypto assets.
Begin trading over 400 Cryptocurrency with this quick guide:
- Sign up to Bybit with your email address and create a password.
- Tap 'Buy Crypto', then 'One-Click Buy' and select 'THB' as your currency.
- Select a method and the Cryptocurrency you want to purchase.
- Enter the amount you want to purchase and tap the 'Buy' button.
What are the fees to buy Crypto?
Bybit offers the lowest fees out of any digital asset exchange in Thailand. It offers free deposits and withdrawals to Krungthai customers and the trading (buy/sell) fee is only 0.1% of your total transaction amount. This means that if you buy $100 worth of Bitcoin you will receive $99.90 worth of BTC. There are no additional or hidden fees on Bybit.
Krungthai Bank Cryptocurrency Policy
Krungthai Bank has shown a positive attitude toward the adoption of Cryptocurrencies as it allows its customers to freely send and receive funds from secure digital asset exchanges. It openly supports the adoption of Cryptocurrencies and aims to drive the growth of the digital asset ecosystem in Thailand. There is currently nothing stated in the banks policies that would prohibit users from investing in Crypto.
About Krungthai Bank
Krungthai Bank is one of the largest banks in Thailand and has over 1,000 branches across the country and employs more than 10,000 people. It also has an extensive ATM network with over 4,000 machines nationwide. The Bangkok-based bank was founded in 1966 and is a public company listed on the Stock Exchange of Thailand.
It has a strong focus on customer service and offers 24-hour call centre support. The bank offers a wide range of banking services including savings accounts, personal loans, and corporate banking. Krungthai is committed to social responsibility and participates in numerous community initiatives. Krungthai Bank was named the "Best Commercial Bank in Thailand" by Euromoney in 2022.
In conclusion, Krungthai Bank's positive attitude towards Cryptocurrency is a significant development for the adoption of digital assets in Thailand. While the bank does not offer direct investing services for Cryptocurrencies, it allows its customers to use trusted and secure digital asset exchanges like Bybit. If you would like to learn more about this exchange, visit our deatiled Bybit Review.