Best Crypto Exchanges in Thailand

Best Crypto Exchanges in Thailand

Find the best crypto exchanges in Thailand and explore their regulatory frameworks, taxation policies, and secure trading practices.

Summary: In Thailand, trading Bitcoin and other cryptocurrencies is secure and well-regulated, under the supervision of the Thai SEC and Ministry of Finance. These authorities ensure the proper management of cryptocurrency exchanges. Investors have a variety of payment options, including local bank transfers, PromptPay, and True Money, along with credit and debit cards. These methods facilitate the deposit of Thai Baht (THB) for reliable crypto trading.

Our team has meticulously researched and identified the top five cryptocurrency platforms in Thailand. This list serves as a comprehensive guide for those looking to explore the digital asset market, offering insights into the most reputable and trusted platforms available.

  1. Bybit - Best Overall Exchange in Thailand
  2. OKX - Best Alternative Crypto Exchange
  3. Gate.io - Best Thai Exchange for Altcoins
  4. Bitkub - Best Thai Exchange
  5. Binance - Best Global Trading Platform
Best Crypto Exchange in Thailand
5.0 out of 5.0 by Datawallet.
Bybit is the top platform for Thailand due to its deep understanding of local investor needs, diverse deposit options, and robust trading features tailored to the Thai market.
Available Markets
930+ Cryptocurrencies via Spot, Options and Futures.
Free THB Deposits & 0.1% Trading Fees.
THB Deposit Methods
Bank Transfer, Credit/Debit Card, True Money, K Bank, PayPal & Wise.

Bybit is a regulated crypto asset trading platform that provides audited 1:1 proof-of-reserves, highlighting that customer funds are always fully backed and secure.

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Best Cryptocurrency Exchanges Thailand

After thoroughly evaluating over 20 cryptocurrency exchanges, our team has selected the leading platforms ideal for Thai investors. Our criteria included adherence to the Securities and Exchange Commission (SEC) of Thailand's regulations, diversity of available cryptocurrencies, ease of use, support for Thai Baht (THB) deposits, and transaction fees. Following our extensive research, we are pleased to offer a carefully chosen list of the five best platforms in Thailand.

Trading Fees
THB Deposit Methods
Key Features
Maker Fees 0.01% and Taker Fees 0.06%
Bank Transfer, Debit Card, Credit Card, True Money & More
Staking, Options, Futures, Lending & More
0.1% Trading Fees and 0.1% Spread
Bank Transfer & Debit or Credit Card
Options, Futures, OKX Wallet, DeFi Support & More
1% Trading Fee
Debit/Credit Card, Apple Google Pay & More
Widest Altcoin Variety, Futures, Options & More
0.25% Trading Fee
Bank Transfers only
SEC Licensed, Rewards Program & More
0.1% Trading Fees and 0.1% Spread
Bank Transfer, Debit Card & Credit Card
Staking, Futures, Options & More

1. Bybit

Bybit stands out as a premier cryptocurrency exchange in Thailand, distinguished by its deep understanding of Thai investors' needs and a seamless onboarding process. This platform offers an extensive selection of Thai Baht (THB) deposit options, including bank transfers, True Money, K Bank, and major credit and debit cards, ensuring convenience for its users.

Bybit's commitment to customer support is evident with its 24/7 service in Thai and English, and features tailored for the Thai market. The exchange is renowned for its advanced derivatives trading platform, providing up to 25x leverage on over 930 cryptocurrency assets. Operating in more than 180 countries, Bybit offers a broad range of trading and staking options, establishing itself as the top choice in Thailand.

  • Fees: 0.1% for spot trading, 0.01% maker or 0.06% taker fees for derivatives.
  • Supported Cryptocurrencies: Over 930 cryptocurrencies.
  • Regulation & Licensing: Globally regulated, accessible in Thailand.
  • THB Deposit Methods: Bank Transfer, Credit/Debit Card, True Money, K Bank, PayPal, Cash, and Wise.
Bybit Exchange Thailand

2. OKX

With its headquarters in Hong Kong and a clientele surpassing 10 million users, OKX stands out as a prominent cryptocurrency exchange that caters to investors in Thailand. It offers a diverse range of digital currencies for buying, selling, trading, and staking, complemented by competitive fees and tight spreads. Beyond the standard functionalities, OKX has carved out its niche with advanced features like futures trading, options trading, and an enticing NFT marketplace.

One distinguishing feature for Thai investors is the enticing APY on stablecoins, reaching up to 5%, marking a splendid avenue for enhanced returns in Thailand. Given its endorsement by top-tier sports entities such as Manchester City and McLaren Formula 1, OKX has cemented its status as a credible and renowned name in the crypto sphere. It continues to be a firm favorite, clinching the spot as the second-best crypto exchange in Thailand.

  • Fees: Free THB deposits and 0.1% withdrawal fees. 0.1% spot trading fees.
  • Supported Cryptocurrencies: Trade 300+ Cryptocurrencies & stake 200+ tokens.
  • Regulation & Licensing: OKX is registered in Hong Kong and Malta, and provides proof of reserves.
  • THB Deposit Methods: Credit/Debit Card, Thai QR, PromptPay, K-Bank & True Money.
OKX Thailand

3. Gate.io

Gate.io is ranked as the third-best cryptocurrency exchange in Thailand, notable for its extensive array of altcoins. It caters to Thai investors with an impressive lineup of over 1,700 cryptocurrencies, positioning itself as a prime choice for those seeking exposure to a diverse range of digital assets. Gate.io is particularly attractive for its competitive transaction fees, which start at just 0.1% for spot trades.

Boasting a 24-hour trading volume exceeding $5 billion and a global user base of over 14 million, Gate.io commands a prominent place in the international cryptocurrency space. The platform elevates the trading experience for users with advanced features like automated trading bots and a specialized startup section. These unique offerings provide traders with various market opportunities, including special trading events and contests tailored for the Thai market.

  • Fees: Competitive pricing with maker orders beginning at 0.1% and taker orders at 0.2%.
  • Supported Cryptocurrencies: A vast selection of more than 1,700 digital assets.
  • Regulation & Licensing: Based in the Seychelles, Gate.io is accessible to Thai users, though not directly licensed in Thailand.
  • THB Deposit Methods: Includes various options such as local bank transfers, and debit and credit cards.
Gate.io Thailand

4. Bitkub

Positioned in the vibrant city of Bangkok, Bitkub is Thailand's leading homegrown cryptocurrency exchange, acclaimed for its strong legal standing with the Thai SEC. This distinction assures users of unmatched credibility and security. Committed to safeguarding user assets, Bitkub implements advanced security measures like robust wallet storage and Two-Factor Authentication.

Bitkub is celebrated for its broad cryptocurrency portfolio, featuring an impressive array of 100 digital assets for trading. This extensive range caters to both experienced traders and newcomers to the cryptocurrency world. Leveraging its local insight and comprehensive offerings, Bitkub has rightly earned its place as the fourth-best cryptocurrency exchange in Thailand.

  • Fees: Free deposits, with THB withdrawals incurring a fee of 20 - 200THB based on the method. Crypto withdrawals have a nominal fee. Trading fees are set at 0.25%.
  • Supported Cryptocurrencies: Offers a selection of 100 cryptocurrencies.
  • Regulation & Licensing: Compliant and registered with the Thai SEC.
  • THB Deposit Methods: Primarily Bank Transfer.

5. Binance

Binance, renowned for its extensive global reach, is the fifth choice among cryptocurrency exchanges in Thailand. With over 120 million users across more than 100 countries, the platform offers a diverse range of trading options, including spot, futures, margin, and options trading, alongside staking services and its own decentralized exchange (DEX). Its dedication to customer care is evident through 24/7 support in multiple languages, including Thai and English.

A key distinguishing feature of Binance is its exceptional liquidity depth, which leads to high trading volumes across various digital assets. This liquidity is a major advantage for executing smooth trades, even with large transaction volumes, making it a popular choice for Thai crypto traders.

  • Fees: Deposit and withdrawal fees range from 0.5% to 4%, depending on the method. The spot trading fee stands at 0.1%, with a future maker/taker rebate of 0.02%/0.06%.
  • Supported Cryptocurrencies: Over 300 cryptocurrencies available for trading and over 100 tokens for staking.
  • Regulation & Licensing: Regulated globally but is not licensed by the Thai SEC. It is still available to users in Thailand.
  • THB Deposit Methods: Bank Transfer is a primary option.
Binance Thailand

Is Crypto Regulated in Thailand?

In Thailand, the government's attitude towards cryptocurrency is generally positive, recognizing its potential to diversify business investments and contribute to national development. However, there is a cautious approach to its impact on the nation's financial stability and public welfare. Notably, the Thai government collaborates with the Bank of Thailand on projects like Project Inthanon, which explores the development of a Central Bank Digital Currency (CBDC) for both wholesale and potentially retail use.

Cryptocurrency regulation in Thailand is primarily governed by the Emergency Decree on Digital Asset Businesses B.E. 2561 (2018) and related regulations from the Ministry of Finance and the Securities and Exchange Commission (SEC). The SEC, effective April 2022, has directed digital asset business operators to refrain from using cryptocurrencies as payment for goods and services, focusing on protecting consumers and preventing potential misuse.

This regulatory framework demonstrates Thailand's commitment to a controlled yet forward-looking approach to digital assets. The SEC's guidelines aim to balance innovation and investment in the blockchain and cryptocurrency sectors with the need for consumer protection and maintaining financial stability.

How is Crypto Taxed in Thailand?

In Thailand, cryptocurrency and digital token transactions are subject to taxation. Gains from holding or transferring cryptocurrency are considered taxable income, with a specific 15% withholding tax applied to digital assets paid as income. However, certain exemptions exist: cryptocurrency transactions on licensed digital asset exchanges and digital currency transfers issued by the Bank of Thailand (between April 2022 and December 2023) are exempt from value-added tax (VAT). 

Additionally, a proposed Emergency Decree, pending official publication, plans to exempt corporate income tax and VAT for specific digital asset transactions, broadening the tax relief for cryptocurrency dealings.

Bottom Line

In conclusion, the Thai cryptocurrency landscape offers a well-regulated and diverse market for investors. With the oversight of the Thai SEC and Ministry of Finance, platforms like Bybit, OKX, Gate.io, Bitkub, and Binance provide secure and varied trading options, catering to the needs of both local and international investors. 

The regulatory framework, balancing innovation with consumer protection, and the evolving tax policies reflect Thailand's commitment to fostering a stable and progressive digital asset environment. This comprehensive overview of the top exchanges, regulatory context, and taxation in Thailand serves as a valuable guide for anyone looking to navigate the dynamic world of cryptocurrency in the region.

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