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.
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.
- Create a free account on Bybit and complete the onboarding process.
- Click 'Buy Crypto', then 'One-Click Buy' and select 'THB' as your currency.
- Pick a method and the cryptocurrency you want to invest in.
- Input the amount you want to purchase and tap 'Buy'.
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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 & 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).