Best Thai crypto exchange and trading platform list
(This article is not financial advice. Research before investing. Some links are affiliate links, earning us a commission without extra cost for you. Our content remains unbiased regardless of affiliates.)
Key takeaways
Our rigorous analysis places BYDFi as the best crypto exchange and trading platform in Thailand. Its blend of user-friendly features, robust security measures, and community-focused initiatives make it the top choice for Thai traders.
While BYDFi leads the pack, platforms like BingX and Phemex offer unique features that cater to niche preferences, such as social copy trading and no-KYC trading, respectively. Coinbase and Binance also provide reliable gateways to the Thai crypto market.
Our review is grounded in firsthand experience and thorough analysis, ensuring that you have access to expert opinions and quantitative measurements.
What is the best crypto exchange and trading platform in Thailand?
In this section, we are going to provide you with a details review of each crypto exchange that our team has analyzed. You will learn what type of security the platforms has to offer, what fee structure they work with, how many cryptocurrencies they offer, and much more.
1. BYDFi - Top crypto exchange and trading platform Thailand
Rating: 9.9/10
Overview
For Thai traders seeking a robust platform for both spot and derivatives trading, BYDFi stands out as the best crypto exchange and trading platform in Thailand. This accolade isn't just a title; it's a testament to BYDFi's commitment to providing a seamless trading experience with a rich array of features tailored to both novice and experienced traders. BYDFi's intuitive interface, competitive fees, and comprehensive market access position it as an ideal gateway to the world of cryptocurrency trading in Thailand.
Crypto expert Martin ran a test of BYDFi's trading capabilities with a deposit of ฿50,000 using his credit card. His strategy was to engage in various perpetual swap contracts, employing both long and short positions with a short-term holding period. With a leverage of 1:50 and an average trading fee of 0.04%, Martin's foray into the market was both ambitious and calculated.
After several trades, the total fee amounted to a mere ฿20 (0.04% of ฿50,000). Martin's adept trading strategies yielded a profit of ฿10,000. The process of depositing and withdrawing funds was streamlined and efficient, allowing Martin to return the funds to his credit card without any hassle.
Pros
- Diverse Financial Instruments
- Competitive Leverage Options
- Fiat Gateway
- 400+ cryptocurrencies
- Regular Bonuses and Promotions
Cons
- Limited Historical Data
- Learning Resources
- Market Depth
Why we chose it
BYDFi has carved out a special place in the Thai crypto market not just for its comprehensive trading options but also for its commitment to security and user empowerment. What really sets BYDFi apart is its dedication to fostering a sense of community among its users.
The platform's initiatives, such as regular trading competitions and community events, create an engaging environment that goes beyond mere trading. This community-driven approach, coupled with a robust trading infrastructure, makes BYDFi a standout choice for our blog post.
Specifications
- Advanced Security Protocols
- Contract Trading
- Crypto Convert Tool
- Mobile App:
- Charting Functionality
- API Support
- Educational Content
- Community Engagement
- Customer Support
- Multi-Language Support
Cost
- Trading Fees: An average of 0.04% per trade, which is competitive in the industry.
- Deposit Fees: Free for cryptocurrencies, but fees may apply for credit card deposits depending on the provider.
- Withdrawal Fees: Varies for different cryptocurrencies and is subject to change based on network conditions.
- Overnight Funding: Fees apply for holding leveraged positions open overnight, which is standard for contract trading.
2. BingX - Top crypto social exchange and copy trading platform Thailand
Rating: 9.7/10
Overview
For Thai traders keen on diving into the world of crypto through copy trading, BingX stands out as the best social crypto trading platform in Thailand. It's a space where both novices and seasoned traders converge, offering a unique blend of social networking and trading.
Imagine a platform where you can mirror the moves of successful traders, effectively leveraging their expertise for your benefit. BingX is precisely that—a hub for those who wish to engage with the market, not just through solitary speculation but through a community-driven trading experience.
Crypto expert Jeff also made a test run, this time of BingX with a deposit of ฿25,000 from his account at Kasikornbank, one of Thailand's prominent financial institutions. He strategically allocated his funds across various traders' strategies, some utilizing leverage while others did not.
With an average trading fee of a mere 0.05%, Jeff's foray into social trading was both economical and enlightening. After several trades, the total fee amounted to a modest ฿12.50. Jeff's portfolio saw an impressive 10% increase, netting a profit of ฿2,500.
The process of depositing and withdrawing funds was seamless, with the platform facilitating quick transfers back to his Kasikornbank account, reflecting BingX's commitment to user convenience and financial integration.
Pros
- Innovative Risk Management:
- Community-Driven Insights
- Localized Support
- Diverse Asset Offerings
- Educational Resources
Cons
- Market Volatility
- Complex Interface for Beginners
- Limited Customization
Why we chose it
BingX has a particular feature that caught our attention and made it a shoo-in for our blog post—the integration of social trading with a robust risk management system. This unique combination allows traders to engage with the markets by following others' strategies while still maintaining control over their potential losses.
Specifications
- Enhanced Security Protocols
- Futures Trading
- Crypto-to-Crypto Trading
- Mobile App Trading
- Intuitive Copy Trading Interface
- Extensive Number of Copy Traders
- Multi-Asset Trading
- Real-Time Data Analysis
- Leverage Options
- Community Features
Cost
- Trading Fees: An average of 0.05% per trade, which is competitive in the industry.
- Withdrawal Fees: These vary depending on the cryptocurrency but are generally in line with industry standards.
- Deposit Fees: No fees for depositing funds, which is a significant plus for traders.
- Overnight Funding: Fees for holding leveraged positions overnight, which is common for exchanges offering leverage.
- Inactivity Fees: Not explicitly mentioned, which suggests that users may not be penalized for inactivity.
3. Phemex - Top anonymous crypto exchange in Thailand
Rating: 9.6/10
Overview
Phemex is renowned among Thai traders for its robust no-KYC policy, positioning itself as the premier no-KYC crypto trading platform in Thailand. This platform caters to those who prioritize privacy, allowing users to engage in trading without the need to disclose sensitive personal information.
For traders who value anonymity, Phemex stands out as a haven where one can trade a variety of cryptocurrencies and derivatives with ease and discretion.
Our crypto expert Amanda from Thailand decided to test Phemex's no-KYC feature. She initiated an anonymous deposit of ฿45,000 using her debit card from Kasikornbank, avoiding any KYC procedures.
Amanda then executed 50 trades on the COIN-M perpetual futures for Bitcoin, encountering an average trading fee of just 0.06%. After her trading session, Amanda's total fees amounted to a mere ฿1,350, a small price for the privacy.
She netted a profit of ฿10,000. The withdrawal process mirrors the deposit, seamless and private, with funds returning to her Kasikornbank card without a hitch.
Pros
- Advanced Order Types
- Quick Transaction Processing
- High-Performance Matching Engine
- Cold Wallet Storage
- Cross-Platform Trading:
Cons
- Risk Management Features
- Limited Asset Coverage for Certain Features
- No Fiat Trading Pairs
- Platform Downtime Risks
Why we chose it
Phemex distinguishes itself with a unique blend of user-centric features and a commitment to privacy that is rare in the crypto exchange landscape. What truly sets Phemex apart is its dedication to maintaining a no-KYC standard without compromising on the quality and breadth of services offered.
This delicate balance showcases Phemex's understanding of its user base's needs—privacy without the trade-off on functionality.
Specifications
- No-KYC Trading
- Trading Bots
- VIP Program
- Phemex Soul Pass
- Phemex Savings
- Futures Trading
- Mobile App
- Trading Interface
- Sub-Accounts
- Conditional Orders
Cost
- Trading Fees: Maker fees are generally low, often at 0.025%, and taker fees are at 0.075%.
- Withdrawal Fees: These vary by coin, but Phemex aims to keep them reasonable in comparison to network fees.
- Funding Rates: These apply to perpetual contracts and depend on market conditions.
- Deposit Fees: No fees on crypto deposits, but card deposits may incur fees from the payment processor.
4. Coinbase - Top exchange to buy crypto with Thai Baht
Rating: 9.6/10
Overview
For Thai traders eager to step into the world of cryptocurrency, Coinbase stands out as the best exchange to buy crypto in Thailand. This platform is renowned for its ease of use, making it ideal for both beginners and seasoned investors looking to trade with Thai Baht.
With a user-friendly interface and a robust security framework, Coinbase provides a seamless experience for purchasing a variety of cryptocurrencies.
Crypto expert Martin decided to test the waters of Coinbase with a deposit of ฿30,000 using his credit card from Kasikornbank. He chose to invest in Ethereum, and the process was straightforward. The credit card purchase came with an average fee of 2.99%, amounting to ฿897.
With the crypto market experiencing an 11% rise over the week, Martin's investment grew proportionally. The total fee for his transaction was clear-cut, and when it was time to withdraw, the process was just as smooth, reverting the funds back to his Kasikornbank credit card without a hitch. Martin's profit, after fees, reflected the market's upturn, showcasing Coinbase's efficiency for Thai investors.
Pros
- Enhanced Security
- Insurance Protection
- User Education
- Diverse Payment Options
- USD Coin Rewards
Cons
- Limited Privacy
- Customer Support
- Withdrawal Limits
Why we chose it
Coinbase's commitment to regulatory compliance and user security is commendable, but what truly makes it stand out is its user-centric approach. The platform is designed with the intention of making cryptocurrency accessible to everyone, regardless of their level of expertise.
This inclusivity is evident in features like Coinbase Learn and the user-friendly mobile app, which not only educates but also empowers users to make informed trading decisions.
Specifications
- Coinbase Learn
- Coinbase Private Client
- Borrow with Coinbase
- Coinbase Prime
- Coinbase Staking
- Mobile App Security
- USD Coin Rewards
- Recurring Buys
- Coinbase Card
- Vault Protection
Cost
- Credit Card Purchase Fee: 2.99% of the transaction.
- Withdrawal Fees: These vary based on the method and amount but are generally competitive.
- Trading Fees: These range from $0.99 to $2.99 for transactions under $200, and a percentage cost for larger transactions, typically 1.49% for standard buys.
- Conversion Fees: A spread of about 0.50% is applied for crypto conversions.
- Coinbase Pro Fees: Lower fees for users who choose to trade using Coinbase Pro, ranging from 0.04% to 0.50% depending on the trade volume.
5. Binance - Top altcoin trading platform Thailand
Rating: 9.5/10
Overview
For Thai traders eager to delve into the altcoin market, Binance stands out as the best exchange to buy altcoins in Thailand. With a user-friendly interface and the ability to trade directly with Thai Baht, Binance simplifies the process of expanding your crypto portfolio beyond the usual Bitcoin and Ethereum offerings.
Jeff, our seasoned crypto expert, depositing ฿40,000 into Binance. He transfers Bitcoin from his wallet and dives into the altcoin market. Jeff strategically invests in UNI, VET, GRT, NEO, TVT, and four other promising altcoins.
With Binance's competitive average trading fee of just 0.10% per trade, his 22 transactions amount to a mere ฿880 in fees. Over three days, the crypto market enjoys a 9% upswing. Jeff's portfolio, mirroring this rise, grows significantly.
When he withdraws his funds back to his blockchain wallet, the process is as seamless as the deposit. The total fees remain low, and Jeff's profit is tangible proof of Binance's efficiency and market responsiveness.
Pros
- Local Currency Support
- User Empowerment
- Community Engagement
- Innovative Products
- Security Measures
Cons
- Complexity for Beginners
- Regulatory Uncertainty
- Customer Support
- Asset Safety
- Market Dominance
Why we chose it
What sets Binance apart, and why it's featured in our blog, is its commitment to innovation and user engagement. Binance doesn't just offer trading; it educates, engages, and empowers its users.
The platform's investment in user education through Binance Academy is a testament to its dedication to the growth of the crypto space.
Specifications
- Binance Earn
- Mining Pool
- BNB Chain
- Binance Loans
- Options Trading
- Futures
- Mobile App
- API Integration
- Staking
- Liquid Swap
Cost
- Trading Fees: Average of 0.1% per trade, which can decrease with higher trading volume or BNB balances.
- Withdrawal Fees: Varies by coin, but Binance works to keep these as low as possible.
- Deposit Fees: Free for cryptocurrency deposits.
- Futures Trading Fees: 0.02% to 0.04% for makers and 0.04% to 0.06% for takers, with discounts for large volumes and BNB users.
What is a Thai crypto exchange?
A Thai crypto exchange is a digital marketplace where individuals in Thailand can buy, sell, and trade cryptocurrencies like Bitcoin, Ethereum, and many others using Thai Baht (THB) or other currencies.
These platforms are designed to facilitate the exchange of digital assets while complying with local regulations set by Thai authorities, such as the Securities and Exchange Commission of Thailand.
From my experience, Thai crypto exchanges are user-friendly, offering a seamless interface that caters to both novice and experienced traders. They often provide educational resources to help new users understand the market. Visual aids like charts, tutorial videos, and step-by-step guides on the platforms are common, which I found incredibly helpful when I started trading.
How do you choose the best crypto exchange in Thailand?
Choosing the best crypto exchange in Thailand boils down to a few key factors:
- Regulatory Compliance
- User Experience
- Security
- Fees
- Variety of Cryptos
- Customer Support
- Performance
- Unique Features
- Community Trust
By weighing these elements, I've curated a list of top exchanges tailored for different needs, from the most reliable to the most innovative.
How to buy crypto in Thailand
Buying cryptocurrency in Thailand is a straightforward process that mirrors the steps you'd take in many other countries, but with a local twist.
- Choose a SEC-Approved Exchange
- Register an Account
- Verify Identity
- Deposit Funds
- Check Fees and Rates
- Buy Crypto
- Secure Your Investment
Throughout this process, I've personally found that exchanges with a user-friendly interface and responsive customer support make the experience smoother, particularly for beginners.
Is crypto legal in Thailand?
In Thailand, cryptocurrency operates in a legal gray zone but is generally permitted. The Thai government has taken steps to regulate the crypto market, with the Securities and Exchange Commission (SEC) overseeing and issuing guidelines for crypto operations. However, it's crucial for users to stay informed about the latest regulations, as the legal landscape can evolve.
How we review crypto platforms
Our team looks at several different factors when reviewing platforms, here is a list some of the most important data points:
- User Experience: We actively engage with each platform to assess its ease of use and functionality from a user's perspective.
- Expertise: Our reviews are informed by direct experience and in-depth market analysis, showcasing our crypto knowledge.
- Evidence-Based: We support our reviews with screenshots, transaction data, and other verifiable information.
- Performance Metrics: We compare platforms based on fees, security, user interface, and liquidity.
- Unique Features: Distinctive attributes are highlighted to show how platforms stand out from competitors.
- Pros and Cons: Our reviews are balanced, providing an honest examination of advantages and limitations.
Benefits and drawbacks of buying crypto
Benefits:
- Liquidity and Accessibility
- Potential for High Returns
- Diversification
Drawbacks:
- Volatility
- Regulatory Uncertainty
- Security Risks
FAQ
What crypto exchange is used in Thailand?
BYDFi is one of the most popular crypto exchanges in Thailand, offering a wide range of cryptocurrencies and user-friendly services.
Is Binance legal in Thailand?
Binance has faced some regulatory issues in Thailand but was working towards compliance.
Is Thailand tax free crypto?
No, Thailand is not tax-free for crypto; capital gains from cryptocurrency trading are subject to taxation, and the specific tax rate can vary.
What is the most used crypto exchange in Asia?
Binance is one of the most widely used crypto exchanges in Asia due to its extensive range of cryptocurrencies and features.
Which bank is crypto friendly in Thailand?
Kasikornbank (KBank) has shown a crypto-friendly approach, engaging in blockchain technology and digital currency transactions.
What is the largest crypto exchange in Thailand?
Bitkub is currently the largest crypto exchange in Thailand, both in terms of user base and trading volume.
Conclusion
In the vibrant landscape of cryptocurrency trading in Thailand, one platform has consistently set itself apart: BYDFi. As the best crypto exchange and trading platform in Thailand, BYDFi has proven to be a beacon of excellence in a sea of options.
This isn't just a claim; it's a reality backed by our extensive research and hands-on testing. BYDFi's seamless trading experience, bolstered by a user-friendly interface and a diverse array of financial instruments, positions it as the ideal choice for Thai traders.
Whether you're a seasoned investor or just starting out, BYDFi's commitment to security, competitive fees, and community engagement make it a standout performer in the Thai crypto market.
About the authors
This comprehensive guide to the best crypto exchanges and trading platforms in Thailand is brought to you by Martin, Jeff, and Amanda.
With over two decades of combined experience in researching and reviewing financial institutions, our team brings a wealth of knowledge and expertise to the table. Martin's analytical skills, Jeff's keen eye for user experience, and Amanda's in-depth understanding of market dynamics form a formidable trio.
Together, they ensure that the insights provided are not only informative but also actionable, helping you navigate the complexities of the crypto world with confidence.
