APJ291

11 hours ago, rimmae2 said:

bx.in.th was not a scam to my knowledge and I also used it and withdrew all funds without any problems.

I can definitely vouch for that as well... used them a few times with no issues, then got an email after using them for a year or two specifying that they were closing down.

Bitcoin Co. Ltd. has decided to discontinue offering digital exchange services and wallet services at our BX.in.th website in order to focus on other business opportunities.

This means that after September 30th 2019 all trading on the BX.in.th will be stopped. 

We ask that all customers withdrawal any funds held at the BX.in.th website into their own bank account or digital wallet.

The company will not be seeking to hold an SEC issued Digital Asset Exchange license for the year 2020, and we ask all customers to withdraw their funds before November 1st, 2019.

After 1 November 2019, the company will continue to open the BX.in.th website only as a method for customers to contact the company about outstanding issues.

All deposits will be disabled after September 6th, 2019.

If you need any assistance in withdrawing funds please open a support ticket and our staff will be happy to assist you. 

We thank our loyal customers for using our BX.in.th services over the past 5 years and trust you have been happy with the service provided. Please note that all fund are completely safe and all customers will receive 100% of their funds returned to them.

The above was from an email that I received from them prior to their closure etc...

3 hours ago, l4ml4m said:

 

 

no idea who is behind the coins websites in Thailand ?

 

 

Just done a quick look on the net and found in the second article that coins.co.th is the sister company of coins.ph (Philippines).  Initially setup by 2 guys called Ron Hose & Runar Petursson.  Both companies were setup in 2014.

1st Article on coins.ph
https://www.bworldonline.com/sparkup-sparkfluencers-ron-hose-is-sticking-with-his-prepaid-phone-lessons-from-the-founder-of-coins-ph/

2nd Article is basically a review about coins.co.th and briefly mansions that it is a sister company of coins.ph

https://www.bestbitcoinexchange.net/en/coins-co-th/

Another old interesting article

https://www.bangkokpost.com/business/1736191/sec-warns-over-crypto-trader-investment-scams

One of the exchanges in this article has actually ceased trading...  (www.bx.in.th)

I would also add to my last post that its also well worth it to invest in a Crypto Hardware wallet over a Software based one to store your coins and tokens when not trading.  Most of the big exchanges to have some financial cover for storing your funds, due to some exchanges that have been hacked in the past.

Again choosing a hardware or software wallet will also require a small bit of your time researching them and the security features they offer and finding what is best suited for your trading needs.

Ledger and Trezor and 2 examples of Hardware wallets, and I personally use the Ledger.

Ledger received bad press of late due to a data breach of customers details through a 3rd party company that sold them, ie email addresses and home delivery addresses, but nothing about their crypto finances as this was not compromised as they are these crypto financial details stored on blockchains as they are completely independent of your customer details like delivery addresses.  

However, users were still annoyed and fuming as details were leaked as a good few people that own them with the results of getting spamming/phishing emails after the breach as well as the fear of criminals turning up at their houses demanding money etc.  I purchased my Ledger a few years back via Amazon and not Ledger directly or a 3rd party reseller so was not affected by this breach but completely understand peoples paranoia and anger over the breach.  Ledger have assured new customers now that this should not affect them when purchasing directly from Ledger themselves or big 3rd party websites like Amazon.  

Again please do research before hand before choosing a Hardware Wallet.

On 1/22/2021 at 12:14 PM, salsajapan said:

 

 

But can you tell us how to be sure that they are safe ?

I would prefer an US or EU company ? what do you think ?

 

I think EU or US company is best regarding regulations and safety to a certain degree as most of the popular exchanges now have some form of guarantees.  Again best practise is to always have your funds stored on a hardware wallet.

I would suggest that you read up on and research a good few exchanges if your serious about joining one or a few.  Just make sure you have all your documents in place for KYC (Know Your Customer), these will include Passport or Driving Licence IDs as well as Bank/CreditCard Statements (amounts blanked out).  Have a play around with all of them and read up about maker/taker fees.  I use a fair few myself including Coins.ph (Bitcoin & THB only) that is based here (they also are based in Philippines as Coins.ph).

Register most if not all of them using your own home countries ID.  This will give you better protection and some form of security.  Below is a list of a good few;

Binance

Bitfinex

Bitstamp

CEX.io

Coinbase & Coinbase Pro
Gemini

Crypto.com
Kraken

Kucoin
Poloniex

StormGain

Most of the exchanges above are decent, and if you make some gains/profits you can always pump them back into your registered bank account back home and avoid coins.th due to higher fees.  Then just simply use. company like "TransferWise" to move your funds into a Thai bank account.  Works for me best etc. 

I would also like to add that it is well worth using a VPN as well so you can trade in certain coins like XRP where trading is suspended to US customer at the moment due to SEC investigation into Ripple.

Its quite a long drawn process to create accounts to begin with, but its much better afterwards when you can then start trading and have a great choice of platforms to play around with until you are fully confident.  Some platforms like Binance and Kraken offer online videos, documentation and classes to teach you more about the crypto world and scheme of things.  Others like StormGain even offer a demo mode to play around with.  Most of the exchanges can also be accessed via Mobile Apps once you have registered and are up and running.

Others may agree or disagree with the above about what exchanges are best, but the above list should keep you busy whilst you investigate the Crypto world and its inner dealing and workings.
 

I suggest that you read up and join a few exchanges.  Just make sure you have all your documents in place for KYC (Know Your Customer), these will include Passport or Driving Licence IDs as well as Bank/CreditCard Statements (amounts blanked out).  Have a play around with all of them and read up about maker/taker fees.  I use a fair few myself including Coins.ph (Bitcoin & THB only) that is based here (they also are based in Philippines as Coins.ph).

Register most if not all of them using your own home countries ID.  This will give you better protection and some form of security.  Below is a list of a good few;

Binance

Bitfinex

Bitstamp

CEX.io

Coinbase & Coinbase Pro
Gemini

Crypto.com
Kraken

Kucoin
Poloniex

StormGain

Most of the exchanges above are decent, and if you make some gains/profits you can always pump them back into your registered bank account back home and avoid coins.th due to higher fees.  Then just simply use. company like "TransferWise" to move your funds into a Thai bank account.  Works for me best etc. 

I would also like to add that it is well worth using a VPN as well so you can trade in certain coins like XRP where trading is suspended to US customer at the moment due to SEC investigation into Ripple.

Its quite a long drawn process to create accounts to begin with, but its much better afterwards when you can then start trading and have a great choice of platforms to play around with until you are fully confident.  Some platforms like Binance and Kraken offer online videos, documentation and classes to teach you more about the crypto world and scheme of things.  Others like StormGain even offer a demo mode to play around with.  Most of the exchanges can also be accessed via Mobile Apps once you have registered and are up and running.

Others may agree or disagree with the above about what exchanges are best, but the above list should keep you busy whilst you investigate the Crypto world and its inner dealing and workings.
 

1 hour ago, BTB1977 said:

Have your car and motorcycle license from your home country.  Than you can get an international driver's license that covers both a car and a motorcycle.  With the international drivers license for both you don't have to take any test here in Thailand. I had my international license and just went to apply for the car license and motorcycle license all at the same time. They weren't interested in my home country license. Only wanted to see the international license. Only test I was asked to take was a color blindness test. Most countries offer motorcycle training classes that are connected to the licensing department.  If you pass the training you will be given a motorcycle license. 

Excellent Advice...

I would suggest if possible, but is hard due to Covid restrictions here in the UK, would be to do a CBT course (£100 odd) for Scooters/Mopeds...  It will cover you on anything up to 125cc up to 2 years and you can do this on both a manual or automatic Bike.  Once you have the CBT along with the information provided above, getting a Thai licence will be easy.  

I once had a friend who had an accident on a Scooter here in Thailand... Long Story Short... He had medical bills in excess of £2000 and his medical insurance would not pay out afterwards after they initially told him that they would initially cover his costs and he will get reimbursed.  The reason they never paid out was the fact that in the insurance companies eyes/rules was that he hired a scooter out 125cc that he did not initially have a licence (CBT) allowing him initially to drive these type of vehicles for in his come country UK.

Anyways good luck in your move and stay safe!

51 minutes ago, fdsa said:

 

I'm afraid you might be asked to pay taxes as you trade on one of the official Thai exchanges

luckily I have never been asked once to pay any taxes, as it has always been small amounts from 10k upto 20k baht maximum deposited each month every time over the last 2/3 years that I have been using them.  Currently I’m in the UK and I have been topping up monthly both bank accounts with no issues at all.
 

Should I have any issues with either bank requesting taxes or explanations, I’ll leave it to the Misses to deal with the correspondence if I cannot deal with it by email myself etc...

Another fallback option is to just avoid Thai Crypto exchanges altogether and make your money as you do on the exchanges that you comfortable with, then send your profits to your home country bank account(s) being liable for your taxes there... then just use a service like “TransferWise” to send any profits minus your taxes paid to your Thai Bank account...

so many ways to skin a cat as they say....

Quote

 

Generally speaking the west side is the more tedious.... quite a few sharp bends and hairpins between the Ferry Port and the beginning of Whitesands.... once in Whitesands the road is pretty flat and straight and then you will go upwards towards Chai Chet.. past Chai Chet towards Kai Bae it is flat as well with one or two sharp bends.... the dangerous part is leaving Kai Bae and driving up into the mountains to reach Lonely beach (had 2/3 accidents here myself over the years on bike i.e. rain, oil/garbage spill) there are loads of sharp turns and a naughty hairpin and s-bend to navigate down to Lonely beach (seen many an accident here with cars as well as bikes). Please note also that sometimes the road/street lights here at night can be intermittent if working or not and this area is also notorious for accidents that are caused by the following...

1.rain

2.landslides

3.garbage trucks leaving gunk on the roads

4. Monkeys leaving discarded food on road.

5. Oil slicks in any form or variety

6. Sand blown on to the road 

7. other drivers (Thais and Foreigners) not giving way or driving fast especially thinking the mountains are a rally circuit of some variety

Once leaving  Lonely Beach it’s a little hilly and twisty driving further along to Bang Bao pier on a similar but smaller scale to the mountains you pass in between Kai Bai and Lonely Beach previously...

Common sense prevails when driving in these conditions and definitely a hell of a lot safer by car than bike...

regarding the east side it is actually a breeze and fairly flat driving all the way to  Salek Pet and the fishermans Village... well work the drive and nice small run restaurants to stop off and eat/visit.

Car is best no doubt, but if using a bike as most do please be fully aware of road conditions and defo wear a helmet!!!

if possible when planning your journey try and get a map of the island or when you arrive take a moment or two to stop of and pick up the The Koh Chang guide booklet (usually available from most hotels, restaurants, even the Ferry if your lucky,  or shops, just ask anyone) or even online as it is a source of valuable information about the island as well as having detailed maps inside)

hope you have an enjoyable trip and safe travels ????

31 minutes ago, pgrahmm said:

Now that Transferwise has been brought up - what is the average turn around time from inception to receipt/delivery....

Usually TransferWise specify 2 working days ie 48hrs...

I have used them quite a few times (UK primary account) and can vouch for that as long as this is completed during the working week Mon - Fri.  If you send on a Thursday you will receive on the following Monday and if you send on a Friday you will receive on the following Tuesday as weekends (Sat & Sun) are not included.

Best bet is to always send on a Sun (receive Tuesday earliest) or Wednesday (receive Friday latest) on any given week barring any national holidays.

Most of the information is available on their FAQs on the TransferWise website.

34 minutes ago, friendphil said:

IN fact, Transferwise gives an incentive to share your experience with others.  Please use this link if you care to give this service a try, and both you will save on your first transfer.  

transferwise.com/u/philipl89

And I presume you will

be one more new TransferWise member away of making your first referral reward depending on the currency you use... £ used for demo purposes...