How to Buy USDT in Thailand
As outlined above, the easiest way to buy Tether is with a licensed and regulated exchange that is available to investors in Thailand. Our top pick for users is OKX because their platform offers instant THB deposits to trade 300+ cryptos and is trusted by over 10 million users. They also offer savings accounts for USDT in Thailand where investors can earn 10% in interest paid out daily.
You can follow this simple guide to get started in minutes:
- Sign Up: Create an account on OKX and complete your verification.
- Find the Buy Page: Select the 'Buy Crypto' tab in the navigation menu.
- Deposit Funds: Select THB and USDT and input the amount you want to deposit.
- Buy Crypto: Click 'Buy USDT' and select your payment method. We recommend using 'P2P Express' to facilitate a Bank Transfer to deposit THB onto OKX.
What are the Fees to Buy USDT?
OKX offers some of the lowest fees to buy USDT in Thailand, averaging at 0.1% per trade. Deposit fees will depend on your payment method, with the cheapest being a bank transfer (these are free). Debit Card and Credit Card deposits will incur a flat fee of 2.49%, which is standard across all cryptocurrency exchanges.
Is Tether (USDT) Legal in Thailand?
Yes stablecoins like Tether (USDT) are legal in Thailand. The Bank of Thailand has issued warnings about the risks associated with using digital currencies, including Tether (USDT) and other stablecoins, but has not issued any specific regulations or laws regarding their use.
The central bank has also stated that stablecoins are not legal tender in Thailand, and that any transactions involving them are not protected by the country's legal framework. However, the Thai government has been considering the regulation of digital assets, including stablecoins. The Digital Asset Management Act was enacted in 2018 which gives the Securities and Exchange Commission (SEC) of Thailand the power to regulate digital assets in the country.
Tether (USDT) is a popular stablecoin that can be bought in Thailand with a trusted exchange like OKX. Through this platform, investors can easily deposit THB and buy USDT in minutes. The exchange also offers great features such as staking where users can earn up to 10% APY on their Tether deposits. Before investing in any digital asset, make sure to understand the risks associated and consult a financial advisor.