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.
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.