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Buy Crypto or Bitcoin with Bangkok Bank

Buy Crypto or Bitcoin with Bangkok Bank

Karen Tren
Karen Tren
Research Associate
Fact Checked
January 11, 2023
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Summary: Unfortunately, Bangkok bank does not currently provide any cryptocurrency investing services through their online platform. The only way to buy cryptocurrencies with Bangkok Bank is by depositing Thai Baht (THB) into a regulated digital asset exchange and buying tokens directly on the platform.

We recommend using Bybit, it is the most secure and affordable cryptocurrency exchange in Thailand. Bybit is available in over 180 countries and is one of the only platforms that do not require KYC (identity verification) to deposit, trade or withdraw cryptocurrencies.

Table of Contents

Best Exchange for Bangkok Bank

Platform Highlights

  • Instant THB deposits from Bangkok Bank via Bank Transfer, Debit Card or Credit Card.
  • Buy, sell and trade 400+ Cryptocurrencies for low fees via Spot and Futures trading.
  • Non-KYC exchange with audited proof-of-reserves that show customer funds are backed 1:1.
Bybit - Bangkok Bank
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Audited Proof of Reserves
Audited Proof of Reserves

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. This means it's safe to deposit/withdraw THB into trading platforms from your Bangkok Bank account.

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How to buy Crypto with Bangkok Bank online

The most secure and affordable way to buy cryptocurrencies with a Bangkok Bank account is through Bybit. They offer free Thai Baht (THB) deposits via Bank Transfer or Card deposits. Follow the below steps to buy crypto with Bangkok Bank.

  1. Create a free account on Bybit and complete the onboarding process.
  2. Click 'Buy Crypto', then 'One-Click Buy' and select 'THB' as your currency.
  3. Pick a method and the cryptocurrency you want to invest in.
  4. Input the amount you want to purchase and tap 'Buy'.
How to buy Crypto with Bangkok Bank online

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.

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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 & contact information. 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).

Post Tags

Thai Banks
Digital Assets
Markets
Centralized Exchanges
Bitcoin
Ethereum

Karen Tren

Full-time writer and cryptocurrency newbie! Learning about NFTs, DeFi and GameFi with my research and writing for BuyBitcoinBank.

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