Can I buy Crypto with Bangkok Bank
Bangkok Bank does not directly offer cryptocurrency trading services for its customers through the online banking platform. That said, Bangkok Bank does allow users to withdraw Thai Baht (THB) from their account into a licensed and regulated cryptocurrency exchange in Thailand.
The bank is crypto-friendly and does not freeze or ban accounts for trading cryptocurrencies. That means you are safe to deposit and withdraw THB into trading platforms from your Bangkok Bank account.
How to buy Crypto with Bangkok Bank online
The fastest and safest way to buy cryptocurrencies with a Bangkok Bank account is through a local exchange like eToro. They offer cheap Thai Baht (THB) deposits to trade over 65 digital assets and thousands of stocks, ETFs, commodities, and much more.
You can get started with this simple guide:
- Create your account: Sign up to the eToro platform and verify your Thai identity.
- Deposit funds: Select the 'Deposit Funds' button on the bottom of your screen to deposit Thai Baht (THB). Your THB will then be automatically converted to USD.
- Find Crypto on eToro: Once the USD hits your account, find the Crypto you want to buy on the eToro platform with their 'Discover' tab.
- Execute your trade: Input the amount you want to buy and execute your trade.
Is Crypto legal in Thailand?
Yes, cryptocurrency is legal in Thailand and the country has been working on regulations since early 2018. The Ministry of Finance (MoF) is responsible for regulating cryptocurrency in Thailand and issued a royal decree on May 14th, 2018. This made cryptocurrencies subject to capital gains tax. However, buying and selling digital assets is still not taxed.
About Bangkok Bank
Bangkok Bank is one of the largest banks in Thailand with over 1,400 branches across the country. The bank was founded in 1944 and offers a wide range of products and services including personal banking, business banking, and investment products. The bank has over 16 million customer accounts and assets totalling over $200 billion USD.
You can open a Bangkok Bank account online or in-person at any of their branches across Thailand. To open an account online, you will need to provide your personal information, contact information, and address.
You will also need to upload documents such as your passport, ID card, and proof of address. Once your account is open, you can deposit Thai Baht (THB) and begin trading cryptocurrencies.