Best Crypto Exchanges in Thailand

Top Crypto Trading Platforms Thailand

We reviewed and ranked 20 cryptocurrency exchanges operating in Thailand to determine the best options for local traders. Our analysis evaluated factors such as compliance with Thai Securities and Exchange Commission (SEC) regulations, THB deposit options, supported cryptocurrencies, fees, and features. Below is a detailed summary of the top five platforms in Thailand.

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1. Bybit

Bybit is a top crypto exchange in Thailand, offering over 1,500 digital assets for spot trading and 440+ derivatives contracts with leverage up to 200x. The platform has over 55 million customers and has an intuitive interface available in Thai, simplifying the trading process for local users. It provides advanced trading tools such as copy trading, staking, a demo account, and an NFT marketplace. 

Additionally, Bybit offers lending and borrowing services and a crypto Visa card for added convenience. To provide complete transparency with its users, it undergoes frequent proof-of-reserve audits, guaranteeing funds are fully backed on a 1:1 basis. Bybit supports easy THB deposits through PromptPay, LinePay, True Money, bank transfers, and credit/debit cards.

• Fees: Maker fee of 0.02%, taker fee of 0.055% for derivatives, and 0.1% for spot trading.
• Supported Assets: Oveer 1,500+ cryptocurrencies.
• Regulation & Licensing: Globally regulated and fully compliant with Thailand's regulations.‍
• THB Deposit Methods: Bank transfers, credit cards, debit cards, Apple Pay, Google Pay, LinePay, Samsung Pay, KBank and True Money.

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‍2. Binance

Binance, the world's largest cryptocurrency exchange, serves over 210 million users globally. The platform offers a comprehensive suite of services, including spot, futures, margin, and options trading, as well as staking services and a decentralized exchange. Its commitment to customer support is evident through its 24/7 assistance available in Thai and 40 other languages. 

A standout feature of Binance is its exceptional liquidity depth, facilitating high trading volumes across a wide array of digital assets. This liquidity ensures seamless trade execution, even for large transactions. It also provides an NFT marketplace, a Web3 wallet, and access to the BNB Chain for dapps. The platform also offers auto-invest options, trading bots, and copy trading features.

• Fees: Spot trading fees are 0.1%. 
• Supported Assets: Over 350 digital currencies.
• Regulation & Licensing: Holds a digital asset operator license by the Thailand Ministry of Finance through the SEC in Thailand.
• THB Deposit Methods: Bank transfers, debit and credit cards.

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3. Gate.io

Gate.io gives access to over 2,700 digital assets for spot and futures trading, providing various trading pairs and hundreds of derivatives contracts to trade with up to 100x leverage. It features advanced trading tools, including strategy bots like spot grid, futures grid, and martingale, enabling users to automate their trading strategies, plus a demo account to trade with zero risk.

The exchange offers financial services such as Simple Earn, auto-investment plans, crypto loans, and staking opportunities, allowing users to earn passive income. It takes security seriously with features like two-factor authentication and cold storage for digital assets. Gate.io also provides copy trading services, enabling users to follow the strategies of successful traders.

• Fees: Spot trading fees are 0.2% for both makers and takers.
• Supported Assets: Over 2,700 digital currencies.
• Regulation & Licensing: It is not directly regulated in Thailand but available to local investors.
• THB Deposit Methods: Bank transfers, Apple Pay, Google Pay and credit or debit cards.

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4. MEXC

MEXC is known for its extensive futures trading options, offering Thai users access to over 1,500 digital assets. The platform supports derivatives trading with leverage up to 200x and offers advanced trading tools, including technical analysis features and sophisticated charting capabilities. Additional features include coopy trading services, trading bots, and paper trading.

Aside from trading, MEXC offers a range of financial services such as staking, lending, and participation in token airdrops. The platform's staking services allow users to earn rewards on their holdings, while the lending feature enables borrowing against crypto assets. It also hosts events like Launchpool and Kickstarter, providing opportunities to earn new tokens.

• Fees: Spot trading fees are 0.2% for both makers and takers.
• Supported Assets: Over 1,500 digital currencies.
• Regulation & Licensing: Regulated by the SEC.
• THB Deposit Methods: Bank transfers, QR code payments, and credit cards.

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5. Bitkub

Bitkub, established in 2018, is Thailand's premier crypto exchange, offering a user-friendly platform for buying, selling, and storing digital assets. With a registered capital of 450 million baht and over 4.5 million users, it provides access to more than 100 cryptocurrencies, including Bitcoin, Ethereum, and USDT, all tradable against the Thai Baht (THB).

Operating under the supervision of the SEC, Bitkub ensures compliance with local regulations. The platform emphasizes security by partnering with reputable custodians like BitGo Trust and Coinbase Custody Trust to safeguard digital assets. Bitkub offers 24/7 customer support through multiple channels and provides real-time notifications via LINE @bitkubconnect.

• Fees: Trading fees are set at 0.25% per transaction.
• Supported Assets: 136 cryptocurrencies.
• Regulation & Licensing: Licensed and regulated by the Thai SEC.
• THB Deposit Methods: Bank transfers and QR code payments.

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Is Crypto Regulated in Thailand?

Thailand has established a comprehensive regulatory framework for cryptocurrencies. The primary regulatory authority is the Thai Securities and Exchange Commission (SEC), which oversees crypto activities, including exchanges, initial coin offerings (ICOs), and other blockchain-related ventures. 

In 2018, the Thai government enacted the Emergency Decree on Digital Asset Businesses, B.E. 2561, to regulate the offering of digital tokens and trading of cryptocurrencies and digital assets. This decree mandates that all digital asset businesses, such as exchanges, brokers, and dealers, must obtain licenses from the SEC to operate legally. 

In 2024, the SEC introduced updated regulations, including the removal of investment limits for retail investors in asset-backed tokens like those tied to real estate and infrastructure. This significant shift, lifting the 300,000 baht cap per offering, aims to democratize access and expand the crypto market. 

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How is Crypto Taxed in Thailand?

In Thailand, crypto transactions are subject to specific tax regulations established by the Revenue Department. Income derived from trading, mining, or receiving cryptocurrencies as payment is considered assessable income and must be reported in annual tax returns. The applicable tax rates are progressive, ranging from 0% to 35%, depending on the total taxable income.

For capital gains from digital asset trading, individuals are required to include these gains in their personal income tax calculations. Additionally, a 15% withholding tax is imposed on gains from cryptocurrency transactions. This withholding tax can be claimed as a credit against the personal income tax liability when filing the annual tax return.

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How to Buy Bitcoin in Thailand

Thai investors looking to purchase Bitcoin can use platforms that support Thai Baht transactions and comply with regulations established by the Thai Securities and Exchange Commission (SEC). Follow this guide to buy BTC in Thailand:

1. Choose Platform: Start by selecting a cryptocurrency exchange that supports THB deposits and is licensed by the Thai SEC. 
2. Create Account: Register on the chosen platform by providing your basic details, such as your name and email address. Complete the Know Your Customer (KYC) process by submitting a government-issued ID and proof of residence to verify your identity.
3. Deposit Thai Baht (THB): Navigate to the deposit section of the exchange and choose your preferred payment method. Enter the deposit amount in THB and follow the platform’s instructions to complete the transaction.
4. Locate Bitcoin (BTC): Once your THB deposit is credited to your account, go to the trading section of the exchange. Search for Bitcoin or “BTC” and find the THB/BTC trading pair, which allows you to purchase Bitcoin using Thai Baht.
5. Complete the Purchase: Specify the amount of Bitcoin you want to buy or the amount of THB you want to spend. Carefully review the transaction details, including any fees, and confirm your purchase.

These steps simplify the process for Thai users to purchase Bitcoin securely through regulated exchanges that support THB transactions.

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Bottom Line

Cryptocurrency adoption in Thailand is steadily growing, supported by a robust regulatory framework established by the Thai SEC. The five best exchanges include Bybit, Binance, Gate.io, MEXC, and Bitkub, each provide unique advantages, from deep liquidity to diverse altcoin options and local compliance. 

Whether you're investing in Bitcoin, altcoins, or exploring advanced trading tools, these platforms ensure a secure, accessible, and user-friendly experience tailored to the Thai market.