Crypto in Thailand: The Ultimate Guide

Thailand is one of the world’s largest crypto markets with one in five Thai citizens already holding cryptocurrencies, placing it in the top tier of blockchain nations by adoption.

Here Ledger Academy takes a closer look at how to buy, sell, and manage your digital assets in Thailand, while offering an overview of the Thai market, including regulation, taxation, mining and more.

Whether you want to learn how to buy cryptocurrencies in Thailand, how to mine cryptocurrency, or just want to know all the tax implications before you start – this ultimate guide to crypto in Thailand has all the answers you need.

How to Buy Crypto and Bitcoin in Thailand

Let’s look at a step-by-step guide to purchase crypto in Thailand.

Buy Crypto in Thailand: Step-by-Step Guide

Step 1: Choose a crypto exchange 

There are a number of ways to purchase cryptocurrency, including by centralized exchange (CEX). In Thailand the crypto market is regulated by the Securities and Exchange Commission (SEC) and exchanges must be officially licensed, limiting the number of viable choices. 

Even so, there are multiple exchanges on the market including Bitkub, Orbix, and Bitazza.

Step 2: Register and complete the KYC process

To register with a licenced CEX you will need to provide personal details including your full name, date of birth, national ID card number, and contact details, including a valid email and your mobile phone number.

It is also necessary to fulfill Know Your Customer (KYC) requirements. This means providing documentation that proves both your identity and current place of residence. A short financial literacy test may also be required.

To confirm your residence you must send a photo of a recent proof of residence such as a utility bill or bank statement to your chosen exchange. You can affirm your personal identity with a photo of your passport or national ID card.

Thai nationals must also confirm their identity in person with a “dip-chip” card machine at a local 7-eleven, bringing your national ID card and your mobile. At the store you must display a QR code provided by your chosen CEX on your mobile, then scan your ID card on the dip-chip device. Finally, the store cashier will take your photograph to complete the process. 

Step 3: Deposit funds

Once KYC is complete and your account is approved, you can deposit some Baht into your chosen CEX. This is usually found in the Wallet or Deposit menu in navigation.

There are a number of ways to transfer money into your chosen CEX including Bank Transfer, PromptPay, Credit/Debit Cards or in some instances an e-wallet provider such as TrueMoney or Rabbit LINE Pay.

Step 4: Choose the crypto you want to buy

The last step is to select the cryptocurrencies you wish to purchase. Nobody can tell you which coins are best for you, but popular choices include Bitcoin (BTC), Ethereum (ETH), Solana (SOL) and memecoins such as Dogecoin (DOGE). 

Securely Store Your Crypto and Bitcoin in Thailand

Not your keys, not your coins

The SEC provides strong regulation demanding stringent security checks, but these measures aren’t foolproof, so Thai customers remain vulnerable to hacks and security breaches.

As recently as February 2025 the Dubai-based Bybit exchange, popular in Thailand thanks to its support for the Baht, suffered a $1.5 billion hack. In the wake of the attack Bybit quickly assured customers their account balances were unaffected, but other recent hacks at crypto exchanges, including at WazirX in 2024, resulted in losses for users.

In the case of WazirX, 45% of user balances were frozen leaving customers considerably out of pocket. While Bybit managed to absorb the losses in this instance, history teaches caution.

Further exchange breaches and failures, including at Mt.Gox and Quadriga emphasize the ever-present danger of leaving funds on exchanges, where executives hold the key and therefore ultimate control of your finances. That’s why smart crypto investors live by the saying, ‘not your keys, not your coins.’ 

Store your crypto on a self-custody wallet

By now you should understand why storing large sums of cryptocurrency on an exchange is not a good idea. With a self-custodial wallet, you retain the key – or password – to your funds. Your keys, your coins.

There are two main varieties of self-custody wallets: software wallets and hardware wallets. Hardware wallets, such as Ledger Stax or Ledger Flex, store the keys to your cryptocurrency on a dedicated hardware device. 

Software wallets including MetaMask and Photon store the private keys to your cryptocurrency on your computer or mobile device. Using a software self-custody wallet is better than leaving your coins on an exchange, but because they remain connected to the internet via your device they are more susceptible to multiple security threats including malware – which can enable hackers to drain your wallet.

The high number of crypto users in Thailand is making users an increasingly attractive target for scammers and unscrupulous actors, with cybersecurity attacks 70% higher in Thailand than the global average. From 2023 to 2024, cyberattacks in the region grew 125.9% to 732,620 recorded incidents.

The best way to avoid becoming a cybercrime statistic is to store the keys to your coins in a hardware wallet such as the Ledger Stax or Ledger Flex. You don’t have to take our word for it: our record stands for itself. In over ten years of operation and with over 8 million devices sold, a Ledger wallet has never been hacked.

Alternative way to Buy Crypto in Thailand with direct Self-Custody  

Step 1: Set up your Ledger self-custodial wallet

If you’ve wisely decided to store your crypto on a hardware wallet, you can purchase your Ledger Stax or Ledger Flex from these links. Simply Add to Cart and Checkout.

To initialize your Ledger wallet first install the Ledger Live app supported on Windows, Mac, Linux, Apple or Android.

Once you’ve downloaded Ledger Live and received your Ledger device, connect it to your laptop or desktop. In Ledger Live click Get Started and then Initialize As New Device. You will be prompted to set a PIN for your Ledger wallet and to record your 24 word recovery phrase.

Do not store the recovery phrase on an internet-connected device. Write it down and keep it somewhere safe.

Step 2: Install Apps and Create Accounts

Now your wallet is set up you can create your user accounts for a wide variety of cryptocurrencies. On the left side of the Ledger Live screen select Portfolio, then click Add Account.

You will now see a list of supported apps and cryptocurrencies. If you want to hold Bitcoin on your Ledger then select and install the Bitcoin app. If you wish to hold Ethereum or an ERC20 token on the Ethereum blockchain choose the Ethereum app and so on.

Once complete, connect and unlock your Ledger if you haven’t already done so. Ledger Live will now synchronize with your Ledger hardware wallet. 

Step 3: Buy crypto via Ledger Live providers

Ledger partners with a number of third-party providers for maximum flexibility, ease of use, and coverage. Providers include PayPal, MoonPay and Coinify.

Ledger Live will assist you with finding the right provider. Here’s how:

1. First go to the Buy/Sell page. 
2. Click on Find the Right Provider For You.
3. Select the cryptocurrency you wish to purchase.
4. Enter the desired amount for purchase.
5. Click Confirm Amount.
6. Select Thailand as your nation of residence.
7. Select a payment method.
8. Click Find Eligible Providers
9. From the list of eligible providers displayed select the one you like the best.
10. Complete the purchase, and presto, you’re done.

Top 5 Crypto Exchanges & Apps in Thailand for 2025

Ledger Live

• No of currencies: 15,000+
• KYC required: The app can be used without KYC, but third party service providers may require KYC
• Trading Fees: Ledger Live charges no fees, but network fees apply
• Deposit Fees: No
• Withdrawal Fees: No
• Pros: Ledger Live is your one stop shop for purchasing cryptocurrency, allowing you to buy, trade and hold your coins safely and securely.

Bitkub

• No of currencies: 70+
• KYC required: Yes
• Trading Fees: 0.25% on all trades
• Deposit Fees: No
• Withdrawal Fees: A minimum fee of 20 Baht
• Pros: High liquidity and a reasonably good selection of coins for trading
• Cons: Withdrawal fees can rise up to 200 Baht

Bitazza

• No of currencies: 100+
• KYC required: Yes
• Trading Fees: 0.15% for sellers, 0.25% for buyers
• Deposit Fees: No
• Withdrawal Fees: Unspecified
• Pros: No deposit fees, a relatively wide selection of coins to choose from
• Cons: Unclear withdrawal fees

Orbix (Formerly Satang Pro)

• No of currencies: 30+
• KYC required:  Yes
• Trading Fees: Between 0.1-0.25%
• Deposit Fees: No
• Withdrawal Fees: Variable
• Pros: Simple interface for beginners
• Cons: Complex withdrawal fee structure

Upbit

• No of currencies: 150+
• KYC required:  Yes
• Trading Fees: 0.25%
• Deposit Fees: No
• Withdrawal Fees: Variable
• Pros: High liquidity, beginner friendly
• Cons: High withdrawal fees for some cryptocurrencies

Is Crypto Legal in Thailand?

Yes. Cryptocurrency is legal in Thailand.

Is Crypto Mining Legal in Thailand?

Yes, crypto mining is legal in Thailand, although there is some public confusion on this issue. In the past, some unscrupulous miners have tapped government electricity grids to mine cryptocurrency at public expense. This is, of course, highly illegal. If you wish to mine crypto you must pay for the electricity as any normal citizen and pay taxes on the profit. Then you will have no legal worries in this area. 

How to Mine Bitcoin in Thailand

Crypto mining is the process of using computer hardware to solve mathematical problems which secure blockchain networks. When a miner or mining pool successfully solves the math problem on the network they receive a reward in the form of cryptocurrency.

Step 1: Choose the right hardware

Before mining, decide what kind of mining you wish to do. Some cryptocurrencies like Monero can be mined with a common PC CPU or GPU, but Bitcoin is more demanding, necessitating the use of a dedicated miner called an ASIC. ASIC miners retail at around $1,500, equivalent to 50,000 Baht although some miners cost up to 100,000 Baht depending on the model.

Step 2: Install and configure mining software

The type of software you need will depend on the cryptocurrency you are mining and the hardware you have. Whatever your exact hardware, be careful to ensure you download from official sources and avoid malware risks.

Step 3: Join a mining pool

A mining pool is a group of fellow cryptocurrency miners who combine their total mining power to improve their chances of successfully mining a block. When any machine in the mining pool mines a block in the blockchain, the rewards are distributed throughout the group based on their contribution to the pool.

Popular Bitcoin mining pools include Antpool, F2Pool and ViaBTC. Select the pool that suits you best based on its size, fees and payout methods and then join via their official website.

Step 4: Set up a Bitcoin wallet

As part of the mining process you must have an appropriate wallet receive any mining rewards you receive. We’ve already covered this wallet creation process under the ‘Install Apps and Create Accounts’ header above.

Crypto Tax in Thailand

Is Crypto Taxed in Thailand?

Yes. Crypto profits are taxed in Thailand.

What is the Crypto Tax Rate in Thailand?

In Thailand crypto profits count as a form of personal income falling under Personal Income Tax (PIT). The tax rate is variable depending on income, so low earners may be exempt from taxation while the high earners are taxed at up to 35%.

When Does the Crypto Tax Rate Apply in Thailand?

The rate of personal income tax on crypto profits depends on your total earnings for the tax year, which begins on January 1. If you earn more than 150,000 Baht in a year, any profit above this threshold counts as taxable income.

How to Calculate Tax on Crypto in Thailand

The rates are as follows.

Under 150,000: Exempt

150,001 – 300,000: 5%

300,001 – 500,000: 10%

500,001 – 750,000: 15%

750,001 – 1,000,000: 20%

1,000,001 – 2,000,000: 25%

2,000,001 – 5,000,000: 30%

Over 5,000,000: 35%

How to buy NFT in Thailand

Step 1: Set up a crypto wallet

To purchase a Non-Fungible Token (NFT) you’ll first need to create a crypto wallet. This can be done on an exchange or on your Ledger device. We covered both methods earlier in this article.

Step 2: Buy cryptocurrency

To buy your NFT you’ll need some cryptocurrency. The exact cryptocurrency you’ll need depends on the NFT marketplace you’re on. 

For instance, OpenSea is compatible with multiple coins including Ethereum, Polygon, Arbitrum, Avalanche and Base, and while Rarible also accepts Ethereum, it has some other crypto options including Tezos and Solana.

Step 3: Choose an NFT marketplace

There are many NFT marketplaces including OpenSea, Rarible and SuperRare. Choose whichever you prefer.

Step 4: Browse and select an NFT

NFT marketplaces are a little like online art galleries. Each is slightly different in design and style, but getting started is incredibly easy. OpenSea even has a ‘collector mode’ interface specifically designed for new buyers.

Just click on an image in the gallery to bring up the NFT you’re interested in. This will present an enlarged image of the NFT and your options for purchase.

Step 5: Buy or make an offer

An NFT may be for sale allowing you to buy it for a fixed fee allowing you to press Buy and then select a payment method. 

The NFT may, however, be privately owned by another collector. In these instances you might be able to place a bid on the NFT, but it is up to the collector whether to accept your offer. If you really do love the piece, it could be worth a try.

Conclusion

With this guide, you should now have a great understanding of cryptocurrency, enabling you to join the ranks of Thailand’s growing user base with confidence. But please remember to do so safely. Store your keys securely on a Ledger Stax or Ledger Flex, for total peace of mind.

Frequently Asked Questions about Crypto in Thailand

Is Bitcoin legal in Thailand?

Yes, and it is regulated by the SEC.

Do you pay tax on crypto in Thailand?

Yes. Your crypto profits are taxable under Personal Income Tax and vary according to the amount you earn. 

Can you mine cryptocurrency in Thailand?

Yes again. Crypto mining is legal in Thailand.

What is the best cryptocurrency to invest in Thailand?

No one should ever dictate which coins you invest in and which you don’t. The choice is always yours. Popular cryptocurrencies include Bitcoin (BTC), Ethereum (ETH) and Solana (SOL).