hank2800

2 hours ago, fdsa said:

Imagine that you live in a third world country where everything could be sorted out with a brown envelope, and where foreigners often commit suicide with their hands tied behind the back.

good grief,,,,, seriously FDSA??   without a doubt it's time to leave this forum ,, good luck everybody, been fun, this is now off the rails

10 hours ago, fdsa said:

Your actions?

FDSA

A- with a sum of BTC being 7 digits It would not be on an exchange vulnerable to an attack,many of the yield providers now allow the crypto to be held on a hard wallet separate from the provider and large sums like that  obviously are handled differently,

B-Even so as far as the breach gaining my personal information ,, That is already happening with mainstream  banking and trading firms Nov 2021 Robinhood trading lost millions of customer names, emails and info,,,,July 2021 Morgan Stanley lost it's corporate client personal information. 

C- although I wouldn't want my personal info on Facebook,,, at the end of the day  some exchanges offer a multi step process to withdraw funds, you can make it as difficult as you like with various phone connections, approved withdrawal whitelists etc. I am not on Facebook so I'm not sure what it takes to have that information removed and I would strengthen or change the details of how my accounts are  accessed 

Once again all this info is available for those who wish to learn via a simple google search,,

Correct me if I'm wrong FDSA who posted this but I'm guessing you don't  own any crypto and have had nothing to do with the steps involved holding, transferring, logging into an exchange or any part whatsoever of the process?

Over the past year I continue to see the same old worn out questions asked in this  Forum. This topic is a good example , of around 24 replies to this,,17  of them have no value to the topic at all, but it would take a few hours of watching decent content in regard to exchanges and KYC and few people want to make the effort,,,  easier to bash crypto,, unfortunately this  just takes away time that people could have spent actually learning something,,,, but that is what forums and social media are best at,,, eating up time,

Good Luck to all,, and FSDA, respectfully ,, you are obviously are not comfortable with KYC,,, simply don't get involved with it then, there is a multitude of articles available how you can do that,,, but you need to do the math.

everything we do today is "hackable"

If you're happy keeping your head down and maybe making a couple percent interest in the coming years, that;s great. I'll take the upside of High yield ,Staking profits and volatility everyday being in a quality exchange like Kucoin (BTW they have been hacked last year for a few million$ but no investor was on the hook for it)

For every $1000 in mainstream investments I i only have to use $100-200 in crypto assets to get the same action/returns (I think the stock market may or may not make 10% in the next 12 months whereas I believe more strongly BTC will double,, 100%  in the next 12 months), the other $900 I can stake for 10-20% annual interest( or use all that money to guard myself with triple firewalls, 25 character passwords,, 3 layer VPN'S,,and fake I'D's so the KYC boogeyman takes longer to get into my accounts I suppose.). If you are afraid of cryptos and the associated actions , I would recommend anyone  take an online course for at least 100 hrs of instruction. When you are done you wouldn't be asking these questions and wonder what took you so long to get involved in digital assets in the first place.It's like guys still wandering around saying you can't buy a coffee with bitcoin. That's not the point

Thailand had/has the opportunity to approach this from an entirely different angle much like El Salvador. Taxing profits on the sale of an investors crypto will simply

A-drive that investor to trade offshore(easily done) and then just transfer the final asset into their local bank account via  their Thai exchange(easily done),,, or just use it to pay for travel, rooms etc thru sites like Travala.com , lightning etc  

B- Thai exchanges are about to loose large transaction fees (I am one of them) because anybody with moderate crypto abilities will know to go around trading the Thai Exchanges, the options are becoming infinite 

You can argue all you want about how it's proper to report earnings on assets, cap gains etc, but facts on the ground will dictate people will move out of trading in Thailand,,, period ,,,,to the detriment of the Thai population

However if they would approach this with BTC and crypto  being more as a legal tender currency , method of payment  to pay for services etc, capital gains are not required.

one BTC is one BTC,, stop comparing  it to a currency all the time,,,This would make Thailand a crypto friendly jurisdiction and drive business towards the kingdom rather than pushing it elsewhere,,,, the answer is hardly debatable and as obvious as the sun rising,, but  the choice is Thailand's to make,,, you name it BTC Cafe, ETH enviro tours, Crypto delivery,,, Thailand can be a Tourism leader in the BTC marketplace  with the proper choice made right now. If they are going to start taxing they might just as well tear out the BTC Atm's while they're at it.

The tax on any crypto gains/losses  based in Baht  should be Zero percent, Crypto free trade zone. Money will flow into Thailand like water. All local businesses will benefit... think outside the box Thailand

7 hours ago, jobsworth said:

Yes that is what puts me off about all cryptos. You can't just exchange them like you can a currency. There are no central pools where you can do your exchange. As a buyer you have to find a seller and visa versa.

 

I think you're wrong there Jobsworth,, as long as you have an account at one of the larger exchanges like Kucoin, Binance, FTX etc you can swap these just as easy. plus you have to remember that you have 24/7 access to crypto,,, not so with common world currencies. and it's easy for most people to open an account with these,, Americans have to jump through a few more hoops but otherwise you're up and running within 48 hours. Kucoin is really easy and you can also get 5-7 % interest on USDT with them just holding it,,, not possible with foreign currencies,,, the world isn't changing ,, it has changed already,,, spend a couple days looking through an exchange like Kucoin and I think you'll be impressed,, cheers

For Satang and Bitazza no witholding taxes or anything on capital gains? 

I've never paid anything or been asked to in the 14 months I've used them and I regularly channel money through them via my Kucoin, maybe the easiest thing Thing I've been involved in financially, wish all things worked that easy.

As far as SCB and Bitkub,,, it's likely a good thing they have bonded and then maybe,, just maybe Bitkub will get it's act together and stop all the outages and unrealistic verification processes, I have a dozen various accounts and forks and Bitkub is a 3 ring circus comparitively ,,,for as easy as Bitazza is,,, Bitkub is equally as dysfunctional,,IMO ,,, but Bitkub does have a better variety and tighter spreads with a larger liquidity pool,, no question,,, if you can get verified LOL, good luck everybody

XRP is much like all the others it has price pumps and dumps, regardless of news and hype XRP will have a big pump again the coming weeks, I'd disregard all the media hype and can easily move 30% /day ,,,,BTC  does well, then a rotation to Eth and layer one protocols and then the smaller ones. Best to have a well rounded bag (including XRP if you like) of a half dozen (SOL,LUNA,MATIC, AVAX for examples) and one of them has a good pump sell some of those profits and put it into BTC ,,, rinse and repeat,,and ETH.

As long as you have the time and willing to follow along for a few months you'll do better than just owning BTC. If you don't want the headache just buy 60/40,, BTC/ETH and forget about it till Feb.. IMHO,, buying SHIB here is likely going to be painful later,,, or not,, complete crapshoot

Good Luck! 

open a bitazza account, ,, answer their questionnaire will take you a few hours to get verified,,link your Thai bank account to it

buy all the BTC you like!

I have Satang pro and Bitazza,, both were verified easily in a few hours last year, Bitkub was a month long headache so I gave up on them.

But I do all my trading on Kucoin, easy sign up and many options for trading, Thai exchanges are good for moving money to your bank accounts but if you day trade the spreads are too wide, that's why you use something like Kucoin or Binance, then when you need money slip it back to Satpro or Bitazza and access your thai bank, pretty effortless all around really

good luck!

Non-event ,just use Kucoin, has a good selection of tokens, better interest rates and more user friendly than Binance 

Just open an account with Bitazza Thailand , they'll approve you in 48 hours, it's easy and they have decent liquidity pools so the spread on buy/sell is okay. good website/app , easy to use. then just connect your Kbank to them,, you'll need to download the Kplus app on your phone if you don't already have it and have your Kasikorn activate it. you can do same with Satangpro but as mentioned by another post spreads are too wide and no liquidity. Both have decent selection of tokens and have Eth for you. There is no liquidity with Upbit(I closed my account) and Bitkub is an absolute horror show to get approved (much like the current vaccination program) with numerous outages. They all have competitive transaction fees and nothing to concern yourself with for a couple transactions, but be aware you pay more for Eth transactions than many of the others but sounds like you just need to get your NFT thing up and running,,,so all good,, cheers

I wouldn't bother with Bitkub, they're still having outage problems and I applied 5-6 weeks ago and haven't even gotten a reply yet. I have accounts with Satangpro and Bittaza  for 6 months now and happy,. The spreads on Satang are usually pretty wide though and not good for day trading, Bitazza seems to draw from a larger liquidity pool and spreads are better (and an overall better trading site). BTZ will give you an approval(if your not Amercian) pretty quick  like 24-48 hours, but once you have that ,,open a Kucoin account and just use the BTZ account to transfer in money from your Thai bank, buy and sell a little there, but use the Kucoin acct for trading, staking, and growing interest (if desired thru liquidity), when you want to move coins back into Thailand just send them back to BTZ and money if wanted to your Thai bank account , both accounts will likely be setup for you in 2-3 days and you can trade in Kucoin without , name, KYC or anything if your only 2-3000$, Forget Upbit, they are too wide on spreads and no liquidity.

but honestly once your in Kucoin you will do little via Thai exchanges accept being a rail back into your Thai bank, Good Luck!

I was doing a phone number change on my K cyber account for transfers and had to go into my Kasik branch just north of soi 6 on the Canal to make the change. I've been there for 15 years and have had a few glitches with wire transfers etc and just lived with it. So I went in  1 week ago Monday, filled out the paperwork and the lady said it would be 3 days for the phone number changes to apply. By Thursday nothing had happened, so I emailed their trouble center, and no reply from them,Now Today I called the helpline which I believe is in Bangkok and the lady found that the paperwork that the CM branch submitted was wrong and I'd have to go back to the branch. We live 1 1/2 hours outside Near Samoeng so just going back to the branch is a pain and I told her I needed to get the phone number fixed todaY and their paperwork screw up shouldn't be my problem,,without having to drive all the way in again, but no ,,,can't be done on the phone,,so 8 days later and still have no transfer ability,, all this for a simple number change. I'll likely just say enough is enough and transfer to Bangkok Bank here in Samoeng and then be local although I do everything online so the branch is not important, just  hate changing everything over. Does anybody have any   recommendations on a"troublefree" bank or has this become the new normal in CM , grin and bear it?

the immigration site says it will also be automatically updating 90 day renewals, so there should be no need to apply now,,,, and no  "backlog" after July 31 anyway, you'll just have an auto updated anniversary date ,,,,if and when things are normal after July 31,, 

Thanks ExpatJ. I agree, wish I had an aquaintance involved already.

A few notes possibly of interest to others…

• After looking at their website FAQ’s What regulation covers the investment?? They state that they follow Jersey Financial Services Commision. Looking at the JSFC registry database I could not find Asia Forestry. After speaking with a company rep in Bangkok he noted that Asia Forestry was not with JSFC but a different investment arm was.
• The attachment to their brochure says gauranteed returns. The price is based on todays market price of oil and looking forward etc.I think most would agree a bank deposit is a 99.9% gauranteed return , but with this you would have to have faith the company, trees etc would still be there in 6 years. Always difficult to gamble on a small company for 10%.
• As much as we would like to be involved in this it is hard getting out of the gate when small items such as the website is misleading ( I also tried numerous times to send a list of questions to their website submission, but it was HTTP errored each time so not even able to get something in print. For Us we are looking for more of a gauranteed investment and this doesn’t work but for others this could be well worth the investment even with the hiccups.

Has anyone been involved with the Asia Forestry Investment plans in Thailand ( asiaforestry.biz). We had spoke with a rep of the company in a mall in Chiang mai and My wife and I were interested. It advertises a 10-12% return termed over 3-6 years depending on the plantation. I am spooked due to the rate of return but I like the Agarwood Investment and trying to find something in thailand to Invest safely other than 3% at a bank. Anybody been involved with this and had good comments or bad?? Thanks

thanks for your help! I've sent an email to Thai Organics, maybe they can help, Otherwise I'll have to make it. We do have a Neem tree but seems ridiculous not to be able to just buy some. There are numerous Neem products but strangely no oil.

wondered where to buy some Neem Oil in Chiang Mai. Have been to many shops and Kahm tien market with alot of Neem products but cannot find a local seller of Neem oil??Only need a litre or 2,, Thanks!

That's not expensive at all,good to know.These lots would be workable at a later date anyway(not weird shapes),I was curious of something mentioned by a guy I couldn't understand about many chanotes of the same lot incurring added costs/fees above just a single chanote.Of couse..same old thing...go to the actual land office and ask before you buy.to be sure

Thanks for yor help

Hello

When looking at purchasing bare land to build a house,is there a great difference in fees(taxes?) if the property has a single chanote or 5 chanotes??

eg....we are looking at 2 properties of aprox 4 rai..one having a single chanote and one having 5 chanotes.

The rumor we were told was it is very minimal in extra cost,but more advantage to have the extra chanotes to subdivide land at a later date and not having to survey.

Thanks in advance for any help!

Hi

after just returning from Vientianne,a few things to note,as everyone mentioned didn't talk to anyone refused a double entry visa(which is what I recieved) and the whole process pretty painless EXCEPT:

prepsare for extremely long line -ups now.I arrived at the embassy after waiting nearly 2 hours at Laos immigration(One officer handling 50 farang passports),and I reached the embassy at 11am only to find out it was already closed to applications due to high numbers(same everyday now speaking with other there)so therefore had to go back at 7:30am the following morning to Queue for the 8:30 opening(about 30 people already lined up ahead of me) wait 2 hours for the acceptance process and pay your 2000 baht,then retrun the next day after 1pm to pick up your passport and visa(again lining up at noon to get an early start in the line up.)huge number s of people there now.I could have given one of the runners 5000 baht that first morning at 11:30 and he would get it into the office thru the back ddoor (as some peole did so the could recieve it the next day rather than waiting the additional day as we did,but that starts getting steep cost.So be prepared for huge headaches in linje-ups due to this process now,but Vientianne is laid back anyway I suppose 4-5 hours in line-ups is alright....good luck!!!

spending time reading the posts today here,I have this question.I have been here on just the visa exempt stamps,been here 2months now from Canada.I need(like) to stay here(tourist) for an additional 90 days.then return to Canada and I will get the proper visa before my next return.But for now If I read this right it may be best for me to go to Laos(Vientianne?) to get a 60 day tourist visa with the additonal 30 day .I am in Chiang Mai....or are there better plans or visa services available here???thanks