In 2018, Thailand made history as one of the first countries to regulate digital assets and cryptocurrencies. Since then, many crypto exchanges have been granted official licenses to sell cryptocurrencies in the country.

And with the crypto bull run fast approaching, it’s important to know which crypto exchanges in Thailand are the very best. And by “best” we mean Bitcoin exchanges that have:

• Low trading fees
• High consumer trust
• Good online reviews
• A strong track record of security
• An easy-to-use interface
• Multiple THB deposit options
• Other features such as options and staking

With all that in mind, we came up with 6 crypto trading platforms in Thailand that are worth your attention in 2024.

But, first, let’s clear up a couple of things…

Is Cryptocurrency Trading Legal in Thailand?

While Bitcoin may not be legal tender in Thailand yet, cryptocurrency trading in Thailand is legal within the regulatory framework established by the Digital Asset Business Decree.

Licensed exchanges must comply with Securities and Exchange Commission (SEC) regulations, including anti-money laundering (AML) and know-your-customer (KYC) requirements, ensuring a secure environment for investors to trade digital assets.

Can I Trade Thai Baht for Cryptocurrencies in Thailand?

Yes, of course. Licensed exchanges in Thailand facilitate trading between Thai Baht (THB) and cryptocurrencies. These platforms typically offer fiat-to-crypto trading pairs, allowing users to deposit THB via bank transfer or other methods and exchange them for various cryptocurrencies.

It’s crucial to use licensed exchanges regulated by the Securities and Exchange Commission (SEC) to ensure compliance with regulations and mitigate risks.

Now on to the exchanges…

Top 7 Crypto Exchanges in Thailand

1. Binance

If you’ve dipped your toes into the world of crypto, you’ve heard of Binance. As one of the largest and most popular Bitcoin exchanges in the world, Binance offers a plethora of trading pairs and features to satisfy even the most seasoned traders. With its user-friendly interface and robust security measures, it’s no wonder Binance is the King of Cryptocurrency Exchanges.

Fees: Binance offers competitive trading fees, with a standard fee of 0.1% for both makers and takers. However, fees can be reduced further by holding Binance Coin (BNB) and opting to pay fees with it.

Fiat Deposit Options: Binance allows users to deposit Thai Baht (THB) via bank transfer, making it convenient for Thai traders to enter the crypto market.

Features: Binance boasts an extensive range of features, including spot trading, futures trading, staking, and even a launchpad for new token offerings. Its mobile app also allows for trading on the go, ensuring you never miss out on a lucrative opportunity.

Pros: Wide range of trading pairs, user-friendly interface, competitive fees. Long track record of excellence.

Cons: Customer support can be slow during peak times, KYC verification process may take longer than expected.

2. OKX

As one of the leading cryptocurrency exchanges in Thailand, OKX has made a name for itself with its comprehensive range of trading products and services. From spot trading to futures contracts and beyond, OKX has something for everyone.

Fees: OKX offers a competitive fee structure, with fees starting at 0.1% for makers and 0.15% for takers. Like Binance, fees can be further reduced by holding OKB, the platform’s native token.

Fiat Deposit Options: OKX supports deposits in Thai Baht (THB) via bank transfer, as well as other fiat currencies such as USD and EUR.

Features: In addition to its spot and derivatives markets, OKX offers a wealth of features including staking, savings, and a decentralized exchange (DEX) for those seeking greater privacy and control over their funds.

Pros: Wide range of trading products, competitive fees, strong liquidity.

Cons: The user interface may be overwhelming for beginners, and occasional technical glitches during peak trading hours.

3. Bitkub

For Thai traders looking for a homegrown crypto exchange, Bitkub fits the bill. Launched in Bangkok in 2018, Bitkub has quickly risen to prominence as one of the leading crypto trading platforms in Thailand, offering a user-friendly platform and a wide range of trading pairs.

Fees: Bitkub charges a flat fee of 0.25% for both makers and takers, making it slightly more expensive than some of its competitors.

Fiat Deposit Options: Bitkub supports deposits in Thai Baht (THB) via bank transfer and other payment methods such as PromptPay and Rabbit Line Pay.

Features: Bitkub offers spot trading for a variety of cryptocurrencies, as well as a mobile app for trading on the go. Its intuitive interface makes it a popular choice among novice traders.

Pros: User-friendly interface, a wide range of payment options, and a strong presence in the Thai market.

Cons: Higher trading fees compared to other exchanges, limited selection of trading pairs.

4. Bybit

If you’re a fan of derivatives trading, Bybit may be the exchange for you. Specializing in perpetual contracts for Bitcoin and Ethereum, Bybit offers a sleek and intuitive platform for traders to speculate on price movements with leverage.

Fees: Bybit charges a maker fee of -0.025% (yes, you read that right – they pay you!) and a taker fee of 0.075%, making it one of the most competitive fee structures in the industry.

Fiat Deposit Options: Bybit does not support fiat deposits directly. Users can fund their accounts by transferring cryptocurrencies such as Bitcoin and Ethereum to the exchange.

Features: Bybit’s focus on derivatives trading sets it apart from traditional spot exchanges, with advanced trading tools and features tailored to the needs of professional traders.

Pros: Competitive fee structure, advanced trading features, high liquidity.

Cons: Lack of fiat deposit options may deter some users, limited selection of trading pairs compared to spot exchanges.

5. Gate.io

Gate.io may not be as well-known as some of its competitors, but it’s still a great exchange. The reason? Gate.io offers trading pairs on over 1,700 cryptocurrencies. So if you are looking for that next big altcoin to pop off, chances are you can find it on Gate.io.

Fees: Gate.io charges a maker fee of 0.2% and a taker fee of 0.2%, which is slightly higher than some other exchanges.

Fiat Deposit Options: Gate.io supports deposits in Thai Baht (THB) via bank transfer, as well as other fiat currencies such as USD and EUR.

Features: In addition to spot trading, Gate.io offers margin trading with up to 10x leverage, as well as perpetual contracts for select cryptocurrencies. Its user-friendly interface and responsive customer support make it a popular choice among traders.

Pros: Wide range of trading pairs, innovative features, responsive customer support.

Cons: Higher trading fees compared to some competitors, may not be as well-known as other exchanges.

6. Crypto.com

Last but certainly not least, we have Crypto.com. Crypto.com is a great platform for crypto beginners to use. The mobile app makes it easy to buy and trade coins, add fiat including Thai baht, and also stake your favorite tokens to earn interest. Crypto.com offers a comprehensive suite of services designed to make crypto accessible to everyone.

Fees: Crypto.com charges a maker fee of 0.04% and a taker fee of 0.10%, which is competitive compared to other exchanges.

Fiat Deposit Options: Crypto.com supports deposits in Thai Baht (THB) via bank transfer, as well as other fiat currencies such as USD and EUR. Additionally, users can deposit funds via credit/debit cards.

Features: Crypto.com’s platform offers a wide range of features, including spot trading, staking, lending, and a Visa card that allows users to spend their crypto anywhere Visa is accepted. Its user-friendly interface and mobile app make it easy for beginners to get started in the world of crypto.

Pros: Comprehensive suite of services, competitive fees, user-friendly interface.

Cons: Limited selection of trading pairs compared to some exchanges, fees for credit/debit card deposits.

How to Buy Bitcoin in Thailand

As you can see, finding a reputable cryptocurrency exchange in Thailand to buy Bitcoin on isn’t hard. There are numerous established trading platforms that offer services to users in Thailand such as the ability to buy, sell, and stake cryptocurrencies.

So if you want to invest some money into crypto, now it’s easier than ever in Thailand!