How to Buy Crypto with Krungsri Bank

Can I Buy Bitcoin with Krungsri Bank?

Yes, Krungsri Bank customers can invest in digital currencies by using regulated trading platforms. While the bank itself does not directly sell crypto, it enables the transfer of Thai Baht (THB) to Thai exchanges registered with the Thai Securities and Exchange Commission (SEC) as authorised digital asset operators. 

‍

How to Buy Crypto with Krungsri Bank

Krungsri Bank clients can buy Bitcoin, Ethereum and other tokens through licensed digital asset exchanges. Bybit is the top choice due to its compliance with the SEC and support for over 1,200 cryptocurrencies. This platform facilitates easy THB deposits through bank transfers, credit cards, debit cards, Apple Pay, Google Pay, Line Pay, or True Money.

Here’s how to buy crypto through Bybit using Krungsri Bank:

1. Create an Account: Go to Bybit's website and sign up for a new account.
2. Deposit Funds: Once your account is verified, navigate to the 'Buy Crypto' section and choose your preferred deposit method to add funds.
3. Select Asset: Choose the cryptocurrency you wish to buy and select 'THB' as the deposit currency.‍
4. Complete Trade: Enter the amount you want to invest and complete the transaction.

‍

What are the Fees?

‍When using cryptocurrency exchanges, several fees may apply. These typically include charges for depositing and withdrawing Thai Baht, trading assets, and the spread, which is the difference between the buying and selling prices. 

Bybit provides a competitive option for Krungsri clients. The platform charges a spot trading fee of just 0.1% and offers a futures maker/taker rebate of 0.02%/0.06%. Additionally, Bybit supports free THB deposits via bank transfers and credit or debit cards, making it an affordable option for those looking to begin trading cryptocurrencies.

‍

Is Krungsri Bank Crypto-Friendly?

Yes, Krungsri Bank is accommodating when it comes to cryptocurrency transactions, allowing THB transfers to various investment platforms. The bank facilitates secure transfers to exchanges that are regulated by the Thai Securities and Exchange Commission (SEC).

There are no restrictions on the amount of funds Krungsri Bank clients can use to purchase digital currencies. If any issues arise or if a transfer is unexpectedly blocked, contacting Krungsri Bank's customer service can help resolve the situation and ensure the transaction is completed.

‍

About Krungsri Bank

Krungsri Bank, also known as Bank of Ayudhya, is a major financial institution in Thailand, offering a wide range of services. Key products include Krungsri iSavings for online savings, Krungsri Auto for vehicle financing, Krungsri Credit Cards, and Krungsri Home Loans. The bank also provides Krungsri Biz Online for business banking solutions, focusing on providing secure services.

‍

Bottom Line

In conclusion, Krungsri Bank clients can buy cryptocurrencies by sending Thai Baht (THB) to regulated exchanges. By choosing Bybit, users get access to free THB deposits, low investment fees, a wide range of 1,200 cryptocurrencies and a simple interface that can be used in Thai. As a global exchange, Bybit also provides multilingual customer support, catering to local investors.