How To Buy Bitcoin And Cryptocurrency In Thailand With Thai Baht THB Using A Thai Bank Account
Cryptocurrencies are a hot topic and only getting hotter. If you live in Thailand and want to start investing in Bitcoin and other cryptos, this post is for you.
Please take a moment to watch the following video to get a quick overview of what you have to do, there are more details for your education in the post below so keep reading!
Buying And Trading Cryptocurrency in Thailand Using Thai Baht
Sign Up To The Exchange
Let’s jump into the website and have a look, click here and signup to the exchange first by using your email.
This is the most respected, secure and widely used exchange in Thailand so I will focus the entire post on this one alone, you don’t really need another option at this point.
Once you’ve set up your account with your email address and username, you’re going to log into a screen that looks like this…
What You Need To Set Up Your Bitcoin Trading Account In Thailand
- First thing you’re going to need is a Thailand bank account.
- You’re going to need some sort of I.D., passport or Thailand driver’s license.
- You also need to take a photo of yourself for the KYC check which is a required step, you will need to have the website address and your signature matching your I.D included in this picture like the following example…
Eample of a KYC check for bx.in.th exchange (required step before being able to deposit)
Set Up Your Bank Account And Make A Deposit
Deposit Procedure for Thai Baht into BX.in.th
Please follow this procedure carefully when depositing funds into the exchange
If you follow this process your deposit will be credited to your account in less than 15 minutes.
Note: not following the process correctly will result in a delay to your deposit.
Step 1: Create a Deposit in your BX.in.th Account
- Login to your account and visit your deposit page
My Funds » Deposit - Enter the amount of Thai Baht that you want to deposit.
- Select the bank you wish to deposit to.
- Click Create Deposit button.
Step 2: Note the Amount and Make the Deposit
Our system will tell you an amount of Thai Baht to deposit. This may be the exact same as the amount you entered, or it may be slightly different.
We make sure that each customer is depositing a unique amount of money that we can easily see who each deposit belongs to.
DEPOSIT THE EXACT AMOUNT THAT OUR SYSTEM TELLS YOU!
Deposit funds into the bank account listed on the deposit page, be sure to check the bank account number carefully before every deposit as our bank may have changed.
If the system tells you to deposit 1,001THB, then you should deposit exactly 1,001THB (not 1,000THB or 980THB, exactly 1,001THB)
Step 3: Mark Deposits as Completed
- Immediately after depositing return to the deposit page
My Funds » Deposit - Upload a copy of your transfer receipt.
The receipt image should be as clear and easily readable as possible; if our computer cannot read your receipt, your deposit will be delayed for manual processing. - Select the method of your deposit (transfer, ADM, or counter deposit)
Selecting the incorrect method will result in a delay to your deposit. - Click Payment Completed button.
How To Use BX Thailand Exchange Website
This is the home screen:
Setting Up 2FA Code For Account Security
One of the first things you want to do is set up your two-factor authentication code to keep your account secure, you’re going to need to download the app “Google Authenticator”.
I can’t stress enough, how important it is to keep your cryptocurrency passwords and security to the absolute best. Keep all your passwords on a USB stick and make sure you’re using it two-factor authentication code.
Click on My Account button on the top right of the screen and head to the 2FA code set up:
OK, now that your account is secured, let’s check out the website’s functionality!
Where To See Balances For Bitcoin and Other Cryptocurrencies
You can click here at the top right corner of the site and you’ve got all your funds here for what you earn on different coins.
You can also click the Funds view to go to a different screen for more details…
Funds View Window
Access All The Coins That Are Available To Buy Or Sell
Click ‘Trading’ in the main options bar and open this drop-down menu to see all tradable coins available on the exchange.
You got Bitcoin Cash to Thai Baht, Bitcoin to Thai baht, Dash to Thai baht, etc.
Making Your First Trade On BX Thailand Exchange
So if you want to make a trade, you can just go into the ‘Trading’ tab and say you want to buy some bitcoin with Thai baht.
You just put in your buy order, let’s say you want to spend $10000 Baht on some Bitcoin (as shown in the picture above).
So that’ll tell you how much bitcoin you get:
The fee will be 0.25 percent of the total value of the order. This is how the exchange makes its money.
Finally, you need to enter your two-factor authentication code and then you create order. This order will appear in the order book:
It’s pretty simple. Once this order is matched by a seller, you will be the proud owner of some bitcoin.
So from there, you can trade some of your bitcoin to others and trade some of your bitcoin to Ethereum. You can put in some more Baht and buy some other coins if you like.
Using Trading View Detailed Trading Graphs
This will show you everything’s running, the exchange rate, the exchange rate for different coins, different coins to Thai Baht which is very helpful, especially for more advanced traders:
Okay guys, thanks for reading. I hope this article and video have been helpful.
Please give me come claps, subscribe, put your comments down below of your experience with this post or any other crypto trading websites in Thailand.
Good luck and happy trading!
