Crypto in Thailand: The Complete Guide

AI summary

Thailand has become a major cryptocurrency hub in Southeast Asia, with strong SEC regulations ensuring legal trading, investor protection, and high adoption rates among over 3 million active users. The country offers a favorable environment for buying, trading, and mining crypto, with tax exemptions on regulated exchanges until 2029, but investors must remain cautious of risks such as scams and cybercrime. The future looks promising as Thailand explores blockchain innovation and CBDC trials, though balancing growth with security remains a key challenge.

Thailand has emerged as a leading hub for cryptocurrency in Southeast Asia, with millions of investors actively trading Bitcoin and altcoins on SEC-regulated exchanges. Strong cryptocurrency regulations in Thailand ensure compliance and investor protection, securing the market while maintaining high adoption rates. Still, risks such as scams, cybercrime, and evolving crypto tax policies in Thailand remain. This 2025 guide explains everything you need to know about crypto in Thailand—from legality and how to buy Bitcoin in Thailand to exchanges, wallets, mining, taxation, NFTs, and future trends.

Key Takeaways

• Legal Status: Crypto in Thailand is legal and regulated by the SEC.
• Adoption: Over 3 million Thais trade cryptocurrency actively.
• Regulations: Strict cryptocurrency regulations in Thailand apply to exchanges, wallets, and custodians.
• Taxes: Capital gains tax applies, but exemptions run until 2029 for licensed platforms.
• Risks: Cybercrime and unregulated platforms pose risks.
• Popular Coins: Bitcoin, Ethereum, Solana, Dogecoin, and USDT dominate trading.

Is Crypto Legal in Thailand?

Yes, crypto is legal in Thailand. The SEC Thailand regulates all activities involving digital assets. Platforms offering trading, custody, or brokerage must register and obtain licenses before serving Thai customers. The requirement ensures that investors use regulated platforms with proper safeguards.

The SEC also enforces Thailand's crypto laws, which require strict compliance with AML (anti-money laundering) policies. These laws aim to protect investors and prevent illegal financial activities.

Thailand’s CBDC Project

Thailand’s central bank is actively researching a Central Bank Digital Currency (CBDC). Pilot tests with commercial banks show that the government views blockchain as part of the country’s future financial system. While a CBDC won’t replace Bitcoin or Ethereum, it highlights the state’s willingness to embrace digital innovation.

How to Buy Cryptocurrency in Thailand

Buying cryptocurrency in Thailand with Tangem is fast and secure. Follow these simple steps:

1. Install and set up Tangem: Download the Tangem app, activate your wallet, and choose the cryptocurrency you want to buy.

2. Select “Buy” in the app: On the main screen, tap “Buy” next to your chosen coin.

3. Confirm your country: Ensure Thailand is correctly selected to view supported payment options.

4. Choose a provider and payment method: Tangem partners with trusted services such as Mercuryo or Simplex. Pay using a credit/debit card, Apple Pay, or bank transfer.

5. Complete KYC verification: Provide your Thai national ID and proof of address as the payment provider requires.

6. Receive your crypto: Once approved, your purchased assets are sent directly and securely to your Tangem wallet — no exchange required.

Best Crypto Exchanges in Thailand (2025)

Choosing the best crypto exchange in Thailand depends on your trading needs. Local exchanges dominate because they support Thai Baht deposits and withdrawals.

How to Store Your Crypto Safely in Thailand

Owning cryptocurrency requires secure storage. Many beginners leave funds on exchanges, which exposes them to significant risks.

Risks of Keeping Crypto on Exchanges

• Hacks: Exchanges remain prime targets for cybercriminals.
• Insolvency: If an exchange collapses, you may lose your assets.
• Frozen Accounts: Regulatory or internal issues may block withdrawals.

Cases involving Bybit and WazirX highlight these risks. Cybercrime in Thailand’s crypto market makes it essential to use personal wallets.

Types of Wallets

• Software Wallets: Apps like MetaMask and Photon allow easy access to DeFi and NFTs. These are convenient for active traders but require strict security practices.
• Hardware Wallets: For maximum security, consider using a Tangem wallet. Tangem combines bank-grade offline protection with the convenience of a simple card you can carry anywhere. Tangem provides a practical and highly secure solution for long-term storage of Bitcoin and other cryptocurrencies in Thailand.

Is Crypto Taxed in Thailand?

Thailand applies taxes on digital asset transactions but encourages regulated trading.

Tax Rules and Exemptions

• 2025–2029: Trades on SEC-licensed exchanges remain exempt from capital gains tax.
• Unlicensed Platforms: Profits from unregulated exchanges may fall under personal income tax rules.
• Other Cases: Using crypto for payment may trigger VAT, though exemptions apply in specific scenarios.

This policy ensures investors stay within the licensed system while enjoying favorable tax treatment.

Is Crypto Mining Legal in Thailand?

Mining Regulations

Crypto mining is legal in Thailand as long as miners pay for electricity. Connecting to government-subsidized power grids is illegal. Commercial miners must register their businesses and follow crypto mining laws in Thailand.

How to Mine Crypto in Thailand

Mining operations typically use:

• ASIC machines for Bitcoin mining.
• GPU rigs for altcoins like Ethereum Classic.
• Mining pools such as Antpool, F2Pool, or ViaBTC can increase profitability.

Electricity costs and regulations make home mining less common, but professional farms operate across Thailand.

How to Buy NFTs in Thailand

NFTs have gained popularity among Thai gamers, musicians, and digital artists.

Steps to Buy NFTs:

1. Set up your Tangem wallet: Make sure your crypto is stored in your Tangem wallet for secure transactions.

2. Enable NFT support: Open the Tangem app and activate NFT support to view and manage your digital collectibles.

3. Choose a marketplace: Visit popular NFT platforms such as OpenSea, Rarible, or SuperRare.

4. Connect your wallet: Use WalletConnect to link your Tangem wallet to the marketplace.

5. Browse and select an NFT: Explore collections, choose the NFT you want, and click “Buy now” or place a bid.

6. Confirm the purchase: Approve the transaction in your Tangem app and ensure you have enough ETH, SOL, or MATIC for the purchase and gas fees.

7. Receive your NFT: Once confirmed on the blockchain, the NFT will automatically appear in your Tangem wallet.

Local artists also launch NFTs on regional platforms, giving collectors more options.

Future of Crypto in Thailand

The future of crypto in Thailand looks promising. Adoption continues to rise, with millions of Thais already owning digital assets. The SEC strengthens compliance while promoting blockchain innovation. CBDC trials may change how citizens use digital money, while Thai businesses increasingly explore tokenization and Web3. However, cybercrime remains a serious threat. Authorities frequently warn about scams, phishing attacks, and fraudulent exchanges. The country’s challenge will be balancing innovation with investor protection.

FAQ about Crypto in Thailand

Is Bitcoin legal in Thailand?

Yes, Bitcoin in Thailand is legal under the SEC regulation.

Do you pay tax on crypto in Thailand?

Yes, but trades on licensed exchanges are exempt from capital gains tax until 2029.

Can you mine cryptocurrency in Thailand?

Yes, as long as you pay for electricity and comply with energy regulations.

What is the best crypto exchange in Thailand?

Bitkub is the leading local exchange, while Binance offers the best global options.