Summary: 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.
- 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.
Can you 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
As outlined above, the best way to invest or trade Bitcoin and cryptocurrencies with a Bangkok Bank account is through a regulated platform that accepts Thai Baht (THB) deposits. Based on our research, we found that Bybit was the best overall exchange thanks to their instant and free THB deposits to trade over 350 cryptocurrencies with industry-leading fees.
You can follow the steps below to get started with the your Bangkok Bank account on Bybit:
- 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).
Final Thoughts
In conclusion, Bangkok Bank does not offer direct cryptocurrency trading services through its online platform. Instead, customers can use their Bangkok Bank account to deposit Thai Baht (THB) into a regulated digital asset exchange like Bybit, which is recommended for its security and affordability. Cryptocurrency is legal in Thailand, and the country has been developing regulations since 2018. Bangkok Bank is a major bank in Thailand, with over 1,400 branches and a wide range of financial products and services.
Full-time writer and cryptocurrency newbie! Learning about NFTs, DeFi and GameFi with my research and writing for BuyBitcoinBank.
