Have you been wondering how to buy bitcoin in Thailand? As cryptocurrency is rising and is the new route people take when thinking of investing their money, it is no wonder that more and more people are looking to purchase bitcoin, when it was one of the first major cryptocurrencies to become popular and change the way we view investments today.
This is the beginner’s guide to buying bitcoin in Thailand. Compare bitcoin exchange will show you the easiest way to buy bitcoin in Thailand as well as other cryptocurrencies available.
So what is the first step you must take? This is probably one of The most frequently asked questions as no one really tells us where to start with cryptocurrency, but that’s why we’re here. You of course need a Thai bank account, and you also need a way to convert your Baht into cryptocurrency, this is done through a Thai cryptocurrency exchange, and is the easiest and cheapest way to deposit money for buying crypto.
Exchanging your money into cryptocurrency
There are a few ways of converting your Thai Baht into cryptocurrency, as they all need to be licensed by the Thai government. This means you can trust the Thai exchange services that you will use in Thailand. Bitkub, which is one of Thailand’s most popular cryptocurrency exchange services, is one that we recommend you use. Others include Satangpro and Zipmex which are also popular exchange services available in Thailand.
Once you have set up your accounts, which may take a while to be approved by each service, you can get started in buying bitcoin. You will need to transfer your THB into your crypto account, once you have done this you can start to purchase your bitcoin.
Here we will show you how to purchase bitcoin through Bitkub, as mentioned before, this is the most popular way to buy bitcoin in Thailand.
There are two ways of purchasing bitcoin, you can either buy bitcoin instantly through your credit card at market price, which will be much pricier, or you can set your own buy and sell price limits. This is called spot market and is known to be the cheaper option of buying crypto however it may take more time than buying directly at market price.
So how do you purchase bitcoins on Bitkub.com?
- Firstly you need to log in to your account, and then you’ll need to click market which is located on the top left of the site.
- Once you’ve done this you can choose the type of coin that you wish to purchase in this case it would be bitcoin.
- Now it is time to decide whether you will be purchasing at market price or if you want to set your own budget.
Once you have completed the steps above, you are all set to start buying, trading or sell bitcoin in Thailand, using licenced trading platforms. We hope that this was informative to you and that you are able to start trading with full knowledge of how it works.