How to buy crypto (Bitcoin) from Bangkok Bank?
Crypto is more popular than ever in Thailand! Consequently, more and more people are trying to buy Bitcoin with their bank account at Bangkok Bank. In this article, I discuss how to buy crypto with your bank account at Bangkok Bank without any problems.
How to buy crypto with Bangkok Bank?
Step 1: open an account with a crypto exchange
Few banks in the world offer crypto services. And unfraternally Bangkok Bank isn’t one of them. However, you can link your bank account to a popular crypto exchange without any problems:
|Trade in Bitcoin & other cryptos! Try for free with a demo & deposit money with Bangkok bank after. eToro USA LLC; Investments are subject to market risk, including the possible loss of principal.
With some crypto exchanges, you can try out all the possibilities with a demo. That way, you will immediately discover whether the crypto trading suits you.
Step 2: deposit money with Bangkok Bank
You can deposit money directly from your bank account with Bangkok Bank. Please note that it may take several working days for the money to arrive in your crypto account.
Step 3: buy crypto with Bangkok Bank
Take time to research different crypto: not all cryptocurrencies are suitable for every investor. The functions of cryptocurrencies vary widely. Ethereum, for example, allows smart contracts to be set up, allowing contracts to be concluded entirely on the blockchain in the future.
When you are sure which crypto you want to buy, you can open an order straight away. Enter the amount you want to invest and press the buy button to send the order to the crypto exchange.
I advise you to evaluate your investments regularly. Do you want to sell your crypto? You can sell your Bitcoin whenever you please and transfer the money to your bank account at Bangkok Bank.
What is Bangkok Bank’s crypto policy?
Bangkok Bank is not anti-crypto and since Bitcoin is legal in Thailand, you can buy crypto with your bank account at Bangkok Bank without any problems. Do take your time to select a reliable crypto exchange. That way, you will avoid having your bank account blocked due to suspicious transactions.
Is crypto legal in Thailand?
Crypto is fortunately 100% legal in Thailand. However, the government has taken measures to curb illegal activities such as money laundering. For instance, stricter rules have come in place for ICOs and crypto exchanges.
About Bangkok Bank
Bangkok Bank (ธนาคารกรุงเทพ or Thanakhan Krung Thep) is a well-known commercial bank in Thailand. Established in 1944, the bank has also been tradable on the Stock Exchange of Thailand since 1975.
Bangkok Bank is the most active international bank. Bangkok Bank currently operates in 32 countries including Malaysia, China, Hong Kong, Taiwan and Japan. Within Thailand, the bank has over 1,100 branches making it a major bank in the country.
Bangkok Bank is still actively expanding its market share. For instance, the bank bought 89.12% stake in PermataBank, which is a bank in Indonesia.
Can you buy Bitcoin at Thai Bangkok Bank?
You can buy Bitcoin & other crypto from Bangkok Bank without any problems. However, it is important to follow the steps in this guide, as Bangkok Bank does not offer crypto services. Also, always consider the risks of crypto investments before depositing a large amount.