ThailandLOS

Bx.in.th or localbitcoins or BTCC (BTC China Hong Kong branch)

I have a couple of Korean accounts too - but for those you need to have a SIM from a local operator.

Use Shapeshift.io for conversions to other crypto currencies - cheaper than everything else. It's also built into the Exodus wallet.

1 hour ago, sujoop said:

Binance seems flexible for under 2.5 BTC however some say via taking a back seat?
https://www.cryptocompare.com/exchanges/binance/overview

 

I never experienced any issues with Binance, although I'm not doing day trading anymore and have no problem gettng my orders filled.

Note that comments are outdated and some of them uninformed - Binance doesn't allow Chinese customers anymore after the recent crackdown.

Also, only exchange I know that allows free withdrawals of NEO.

28 minutes ago, Jdietz said:

bx.in.th looks like an identity theft scam to me, sending them a picture of me holding my passport? yeah right.

This is standard procedure for Know Your Customer in the online space. I assure you that they make plenty more cash from running the exchange than stealing anyones identity.

13 minutes ago, FruitPudding said:

Thanks again. I use MEW too. Don't have a ledger yet. I live in Isaan. Where to buy them? Is Amazon safe?

 

I will look at Binance. No problems verifying from Thailand? Is it even neccessary to verify before you can use all functions?

 

Sorry to pick your brains, I only got into crypto since this thread started. Still worried about making dumb mistakes and losing everything, lol.

 

I will probaly just send ETH to Binance from MEW to get some Kyber. 

 

Np, I'm happy to help and spread the word. People should now about this - tired of bankers getting all the breaks.

Binance - for under 2.5 btc withdrawals daily, email verification is sufficient.

Ledger - Amazon is safe, I bought mine from Lazada tho - like I said, the security is insane, the keys never leave the device, you can basically plug it into a machine in any crappy internet cafe and still be safe.

The integrity of the firmware is checked by a special chip on device start AND everytime logging into the naitive ledger apps from google store.

Ledger even has a video on their site on how to pick the thing apart and check for compromised/added malicious hardware :)

33 minutes ago, FruitPudding said:

So where can we buy Kyber from Thailand?

 

I am with bx.in.th but it isnt there. I can find a way to buy from the Kyber website

 

 

Thanks for all your info. Anymore tips, by the way?

 

 What do you think about ZRX?

Best way is to buy OMG on BX.in.th (ETH and BTC is usually overpriced).

Then 1) open an account with Binance - it's super easy, convenient and the rates are good.

2) Send your OMG to Binance and convert to them to ETH (I normlly use Shapeshift to convert OMG to ETH and send them directly to Binance, but that's optional to get an even better rate).

3) Trade your ETH against KNC (Kyber Crystal)

4) Store them safely in your own ETH wallet. I use MyEtherWallet together with Ledger S, which has insane security - but for smaller stacks Exodus client installation on PC is an alternative. Never smart phone.

I love ZRX and hold quite a lot. The price will probably take off when people see that Bitfinex comes out with the decentralized EthFinex solution based on 0x in a couple of months.

Also look at the latest update (today) from OMG - they will most likely go live in Dec with some of their top merchants (out of 50k+ in total) - which means that token holders can begin staking and earn dividend. To handle the transaction load they will use a temp scalability/exchange solution from Cosmos. Cosmos had their ICO a few months back but are not yet listed on exchanges. Later (eof 2018) Kyber will take the spot as go to exchange for OMG. OMG very cheap now, will very likely reach all time high before enf of year.

Other projects of interest:

Raiden - ICO ongoing now, weird kind of dutch auction system and need to wait for price to come down. I will chip in on this - it's one of the best projects in the blockchain scalability space.

NEO: getting more of these - once the Chinese are done with the commie congress this month the fog will clear and it should double in the next few months.

STORM - ICO in 17 days - very promising kind of sticky solution for people who want to earn cash by solving microtasks - totally gamified. They already have a user base and the CEO of Bittrex on the advisor board. Will chip in 3-4 ETH on this.

Quantstamp - very good project to certify smart contract security. I don't like their requirements for ICO whitelist (basically do free marketing for them) - so will pass for that reason, nothing else.

Bitcoin - obviously everyone is putting money into BTC now before the two forks 'coz there is free money to be made' - but BTC itself would be on a bullrun no matter what. I see BTC over 10k USD by end of 2017 and could even possible touch 15k. Has a place in every portfolio.

47 minutes ago, RBOP said:

Living in Bangkok 24 years. Feel much safer than Pattaya, Toronto, Vancouver, Miami, Rotterdam, Detroit, Toledo .... most dangerous I'd say was when I lived in Kuala Lumpur.  Another unscientific survey I'm sure.    

What was dangerous about KL? Asking since we are planning to visit there.

Putting Amsterdam, Sydney, Stockholm and Melbourne in the top 10 says everything about this 'survey' - pure propagandistic BS!

In terms of personal safety (unless you drive a motorbike) Bangkok outclasses the above cities by light years.

1 hour ago, midas said:

" I know it's tempting for liberals to cry racism "

 

 Only about 1.92% of Nigeria's population earn earn above N150,000 monthly. (That's the equivalent of 13,000 thai baht per month. And some of the Nigerian you see around Bangkok are nowhere near old so there's nothing wrong with asking the question how and where did they get the money for the airfare and then come and stay in Thailand for a protracted period unless they are earning money from illicit activities.

I will save you time - they are organized gangs that sponsor their foot soldiers with airfaire tickets. The Nigerian maffia is very well known and powerful also in southern Europe.

As for that lib boy crying foul about racial profiling - he seems to forget that this is Thailand, where we call things by their right name. No place for brain washed libtards.

Holly's makes a decent brew - large cup 100THB. On Sukhumvit 15.

1 hour ago, david555 said:

Please.... here you can read it ..... it is also in the Costoms rules .... but some times deep hidden away in resrticted objects ....normally you can declare it and then they keep it i n the airport ......

How I found it ,... because i remember with yellow occupation of suvharnabumi many gold disappeared .... o wonder ...!!

You have a (maybe ) chance just to take with you .... risk ..only that you get it confiscated 

And now I get slightly tiered to every time nobody believe me at first moment  (as they see their" naughty solution" vanishing ..). , and must go look again in my doc.

 

PS: should be a little bit easy if it would not be restricted ...(money laundering by kilos ...) Incoming and leaving Thailand same rules ...!!

THAI CUSTUMS.PDF.pdf

Thanks for that colorful reply - but gold bullion is only mentioned under 'import' in your document.

I do hold some gold bullion for the event that sh*t would really hit the fan at some point - but would probably sell to buy crypto currency and walk thru Thai security whistling on departure.

38 minutes ago, david555 said:

Forbidden to export thai bullions

Source?

The government's need for tracking our financial transactions is limitless - LocalBitcoins is not even that anonymous, bitcoins still need to be sent from one address to another - and the whole chain of transactions can be tracked back and forth until it's tied to an exchange identity.

For more anonymous transactions crypto coin mixers can be used, e.g.

https://bitpetite.com/?aff=jerkar

They also have an investment program that pays well and I've been using for quite a while now, accepts bitcoin, litecoin and ethereum.

21 hours ago, speedtripler said:

i am also doing nicely on omg even though i only bought it weeks ago ......seems to be a technological breakthrough using plasma on the blockchain to scale up to billions to txs per second if necessary ........mcdonalds and kringsri are just extra icing on the cake imo 

Glad you got in - this token will do great and I was among the lucky buyers at the ICO (abt 0.25 USD). With more than 50.000 Omise merchants in SEA ready to adopt OmiseGo and backed by the Ethereum founder it simply can't fail. There will be a lot of failed projects next year after the ICO boom recently, but OMG is definitely not one of them.

Dividend per token is currently estimated at 2.50 USD - which makes the price ridiculously low. Price will start moving next quarter when the merchant wallet kit is released.

Would also recommend to look into Kyber.network, backed by the same crew and has close ties with OMG. It will sweep the exchange competition away starting next year. Still quite cheap - abt 3x ICO price.

On 9/27/2017 at 2:50 PM, Xaos said:

Buy at https://bx.in.th/ 

Trade at bittrex.com or poloniex.com

Sent from my SM-G955F using Tapatalk
 

Bittrex yes - but stay away from Polionex. Reddit and other places are full complaints of their customer service and there are quite a few examples of something resembling outright fraud - e.g. tokens being withdrawn that never arrive and exchange records of those withdrawals being...eh, 'altered' by Polionex subsequently.

36 minutes ago, seancbk said:

How do you figure that is the most popular one?

Everyone I know in Thailand doing crypto uses https://bx.in.th/ 

Either way very easy to use in Thailand (unless you are an American, as they won't allow US account holders)

Correct , Bx.in.th is the place to go for local cash in/out at the moment - but first half of next year OmiseGo will provide this by bypassing the bank system totally.

Apart from that some blockchain projects - like TenX - are working on connecting crypto to Visa/MC.

2018 will be the year when blockchain will really start demonstrating it's true potential to the general public - and defuse stupid 'Bitcoin is only a string of numbers' discussions.

9 minutes ago, uli65 said:

Some big players are  controlling the company. maybe not the best outlook for the future??

A lot of those addresses belong to exchanges - so it's not really fair to say that they own them

It's estimated that 2 million coins are in 'Sathoshi' addresses, that's also a big chunk and is not gonna be touched anytime soon.

But yes, there are some big players out there - even banks are buying behind the scenes.

7 hours ago, JimmyJ said:

There seems to have been an insane overreaction to the China situation.

 

Already the Chinese action has moved to Japan, which is now accounting for 51% of BTC transactions, China now down to less than 7%.

It was speeding up the process of a pullback - with BTC going from 1800 to 5000 in 6 weeks - people were just looking for a reason to take profits.

Same thing but reversed during last Fri 40 min rally from the lows - BTC price touched a major support level around 2900 and then exploded. People felt it was cheap and started to bid like crazy.

Caught that move luckily and stocked up on my favorite tokens.

44 minutes ago, speedtripler said:

Some Chinese people with inside information could be making millions and millions of dollars each time this happens (if they were corrupt lol) but everyone knows there is no corruption in chyna

I'm sure they are - good news is that they pretty much exhausted their arsenal of bad news.

Here is a nice way of earning dividends on Ethereum - since it's yet not paying anything (other than the potential value increase by just holding them. Ethereum will move over to Proof of Stake arrangement in the future, that will pay dividend - but meanwhile I put them to work.

This is a 'tumbler' service that processes transactions and makes them fully anonymous for open blockchain coins such as the above. Basically, the way it works is that other coins come out at the other end than the deposited, i.e. 'tumbling'

For this they need a pool of coins and pay interest of 80% over 9 weeks on deposits (they claim it's 180% but this includes the principal). Still pretty good and the company is registered in the UK and legit as far as I can see. I've been using their investment program for a while and they pay out daily - no problem. Wouldn't put in enormous amounts of coins though.

Here is another way of earning dividends, using coins that currently that don't pay out dividend currently: Bitcoin, Litecoin and Ethereum:

This is a 'tumbler' service that processes transactions and makes them fully anonymous for open blockchain coins such as the above. Basically, the way it works is that other coins come out at the other end than the deposited, i.e. 'tumbling'

For this they need a pool of coins and pay interest of 80% over 9 weeks on deposits (they claim it's 180% but this includes the principal). Still pretty good and the company is registered in the UK and legit as far as I can see. I've been using their investment program for a while and they pay out daily - no problem. Wouldn't put in enormous amounts of coins though.

2 hours ago, bazza73 said:

I don't have a problem with knowing nothing about a particular subject. That's why I ask questions.

While I've concluded cryptocurrencies are not for me, I would like to thank you for helping me understand some of the mechanics.

You're welcome and my comment was not in any way directed towards you. Always happy to help if I can and people have true intentions to learn.

2 hours ago, speedtripler said:

Are you going to take financial advice from a troll named julie who clearly has a wealth of no idea... Lol

Not really - just tired of the ignorance around this topic

12 hours ago, julietx said:

its a great business idea......generating strings of text that the gullible will buy 

And what do you think the 'money' you are holding in your bank account is - stacks of gold backed paper cash that they are holding for you just waiting to be picked up and redeemed into 'true value'

At least my 'strings of text' can not be created or deleted on a whim by any local bank manager or corrupt central bank.

So tiresome, please educate yourself a bit before you introduce yourself to this forum and the crypto community. I can explain it to you, but can't comprehend it for you. By your insults you're only displaying that you know nothing.

Also, would advice against Jaxx - which has a nice interface and everything. It was hacked a few months back and there is some fishy stuff going on around this wallet - ppl have reported suspected skimming, e.g. 0.01 BTC/ETH disappearing here and there. I saw it on my own BTC account using Jaxx the other week - funds hadn't been touched for weeks but decreased mysteriously.

Plus, the public address in the wallet can not be checked against the blockchain balance - it is based on a Jaxx internal logic.

On 9/7/2017 at 9:02 PM, simon43 said:

Thanks very much for your reply.  BX really doesn't provide any support files about this - looks like they much prefer to keep them on their exchange!

 

I checked another thread on this forum about exodus.io, which looks like a good way to safely hold my crypto.  I can now understand the process of sending bitcoins or Ethereum etc from BX exchange to my wallet.

 

I'm a little wary of BX exchange.  For example, my verified account previously was linked to my Bangkok Bank account, and I previously sent some small funds from Bangkok Bank to my BX account, and traded with these.

 

Today, when I logged into BX, I found that my bank account data had been deleted!  How did that happen?  I never deleted it.  Very worrying.

Exodus is considered very safe, there are no reports of hacks - I use it myself for some of my holdings (bulk kept on Nano Ledger S). Issue with Exodus is that they don't let you have the private keys, only public blockchain address (they will provide a list of random words for the purpose of recreating the wallet if lost). The pair of private key and public address together are the credentials to your 'account' in the blockchain. Any wallet can be seen as only an interface to access this. If your private key is safe, your balance in the blockchain can never be stolen.

Install the Exodus locally on your computer - backup the recreation phrase and keep it safe. Never install on a mobile device and make sure that your computer doesn't get compromised (best by keeping it offline if possible). You can check your balance directly thru a blockchain explorer by using your public address for ETH, BTC and other without even need to open up your wallet.

A hardware wallet will bring your security up one notch - as it is safe if even if the device your are connecting it to is compromised. But the eternal issue of backup phrase to recreate the wallet if lost and storing private keys is still there.

Don't know abt the BX bank account issue. Abt until a month back they allowed cash withdrawals to any bank account (and funding also), then they introduced the verification and my account disappeared before I had gone thru the new verification process. Maybe this is what you are seeing.