How to Buy Crypto with Bangkok Bank (2023)

Summary: Bangkok Bank doesn't support direct crypto trading through its online banking platform. However, clients can buy cryptocurrencies using a Thai SEC-approved exchange, transferring THB or other currencies from their Bangkok Bank account, debit card, credit card or an alternative method.

Based on our analysis of the top platforms that are compatible with Bangkok Bank, we found that Bybit was the top overall choice. They offer instant and free THB deposits to trade over 350 crypto assets with low fees on their regulated platform which is trusted by over 15 million investors.

‍

Website

Top Exchange for Bangkok Bank

5.0 out of 5.0 by Datawallet.

Bybit is the top choice for Bangkok Bank account holders thanks to their fast and free Thai Baht (THB) deposit options to trade a wide variety of assets with low fees.

Thai Baht (THB) Deposit Methods

Bank Transfer, Debit Card, Credit Card and more.

Supported Assets

350+ Cryptocurrencies

Security

Regulated and 1:1 Audited Proof-of-Reserves

Can You Buy Crypto with Bangkok Bank?

Yes, investors in Thailand can buy Bitcoin and other cryptocurrencies with their Bangkok Bank account by depositing Thai Baht (THB) into a regulated Thai crypto trading platform. We advise investors to choose platforms licensed by the Securities and Exchange Commission (SEC) of Thailand and steer clear of offshore exchanges that may cause banking issues.

‍

How to Buy Bitcoin and Crypto with Bangkok Bank

As outlined above, the safest and fastest method to invest in cryptocurrencies like Bitcoin and Ethereum using your Bangkok Bank account is through a Thai SEC-approved exchange like Bybit. This approach enables investors to seamlessly deposit THB from Bangkok Bank via bank transfer, debit card, credit card, and other supported methods to trade 300+ crypto assets with low fees.

Here is a simple 4-step guide to getting started with your Bangkok Bank account on Bybit:

Sign up to Bybit and verify your account.
Select the 'Buy Crypto' option to deposit funds.
Find the currency you want to transfer from Bangkok Bank (e.g THB) & complete your deposit.
Find the crypto asset you want to buy on Bybit and execute your trade.

‍

What are the Fees to Invest?

Investing in digital assets through your Bangkok Bank account may incur varying fees depending on the chosen platform. However, Bybit offers free transfers from Bangkok Bank accounts with nominal trading fees starting at 0.1% for trading across over 350 digital currencies. This rate is much more cost-effective compared to alternatives like eToro or Coinbase, where spreads and fees can exceed 2%.

‍

Is Bangkok Bank Crypto-Friendly?

Bangkok Bank has demonstrated a positive outlook towards cryptocurrency and has taken several steps to support customers in purchasing and selling digital assets. The bank has revised its policies to ensure that investors can securely deposit THB from their bank account or cards to platforms that hold regulatory approval from the Securities and Exchange Commission (SEC) of Thailand.

‍

Bottom Line

In conclusion, Bangkok Bank offers a crypto-friendly banking environment, facilitating the purchase and sale of digital assets through trusted exchanges like Bybit. With their ease of depositing Thai Baht (THB) and low trading fees, these platforms offer a safe, fast, and cost-effective method for crypto investment. However, always remember that investing in cryptocurrencies carries inherent risks and should be done with a thorough understanding of the market.

Author

Antony Bianco

Head of DeFi Research

Antony is a strong advocate of decentralized finance (DeFi) and is deeply entrenched in the Ethereum and Zero Knowledge Proof communities. He is a co-founder of Data Wallet and runs our day to day operations.