Is a stablecoin a suitable way to get cash out of Thailand ?

[Jenkins9039]

On 11/9/2023 at 7:35 PM, Neeranam said:

Binance do. I love Binance P2P

Just do P2P trade in Thailand...

Edited November 30, 2023 by Jenkins9039

[Neeranam]

3 hours ago, Jenkins9039 said:

Just do P2P trade in Thailand...

Well it is really between two people in Thailand. 

Where do you do it, what platform?

[Liverpool Lou]

6 hours ago, Jenkins9039 said:

On 11/9/2023 at 8:16 PM, Liverpool Lou said:

Isn't that the limit without having to declare the cash?   If you can show where the cash came from, i.e. your Thai bank account legitimately with statements/passbook amounts in excess of 10k are permitted, surely?

In my bank can do 1m THB transactions, 2m THB per day.

 

No issues.

So what?  That's not the issue.   The issue for the OP is carrying cash into his home country.

[Jenkins9039]

3 hours ago, Neeranam said:

Well it is really between two people in Thailand. 

Where do you do it, what platform?

If someone in Phuket i knew that wanted stable i'd do.

 

Otherwise i have a OCT with an exchange would naturally prefer P2P, very minor fees on OTC, but 1/1 at live rates is always preferable. 

Edited November 30, 2023 by Jenkins9039

[Jenkins9039]

52 minutes ago, Liverpool Lou said:

carrying cash into his home country.

Max you can do is like 10k i think these days (cash).

I knew someone that used his wife and sent out 10m THB over a couple of weeks before they left in the bank apps earlier this year, no questions, wouldn't recommend they come back for 5yrs though lol incase something does popup.