Seeall Posted March 24, 2023 Share Posted March 24, 2023 Hi all, seems like a simple question but I dont think I found the best answer if I may ask you all. Best price to exchange THB to Crypto seems to be 2.5 % which is over the top. Does anyone know where the the best prices can be to exchange? Thanks all... Forget Binance, , despite all the marketing that comes up on google that looks good, they cant do this... Link to comment Share on other sites More sharing options...
FreddieMercury Posted March 24, 2023 Share Posted March 24, 2023 Can you use KuCoin? Not sure what they are charging but any conversion is going to be pricey. Link to comment Share on other sites More sharing options...
Popular Post scottiejohn Posted March 24, 2023 Popular Post Share Posted March 24, 2023 I thought you crypto "nuts" were much more advanced than to ask a little forum like this for advice! TROLL! 1 4 Link to comment Share on other sites More sharing options...
Popular Post Seeall Posted March 24, 2023 Author Popular Post Share Posted March 24, 2023 28 minutes ago, scottiejohn said: I thought you crypto "nuts" were much more advanced than to ask a little forum like this for advice! TROLL! some of us are not the nuts, thats the ones buying it and holding to get rich.. and the nutters think those nut are all.... some of us just want to send out crypto payment from THB.. simple.. so please dont talk down to us simple people.. 1 1 2 2 1 Link to comment Share on other sites More sharing options...
scottiejohn Posted March 24, 2023 Share Posted March 24, 2023 (edited) 40 minutes ago, Seeall said: some of us are not the nuts, thats the ones buying it and holding to get rich.. and the nutters think those nut are all.... some of us just want to send out crypto payment from THB.. simple.. so please dont talk down to us simple people.. I would have to be "nuts" to understand that "gobbledygook" Edited March 24, 2023 by scottiejohn 2 Link to comment Share on other sites More sharing options...
Lemsta69 Posted March 24, 2023 Share Posted March 24, 2023 (edited) 2 hours ago, Seeall said: Forget Binance, , despite all the marketing that comes up on google that looks good, they cant do this... Don't blame Beyonce, blame the government regs. CZ would be only too happy to allow you to on/off ramp any fiat currency you like. My Binance account was created in Australia so naturally I'm stuck with AUD. What about Zipmex Thailand, they let you onramp THB. IIRC correctly their trading fee is about 0.2%. Edited March 24, 2023 by Lemsta69 Link to comment Share on other sites More sharing options...
Lemsta69 Posted March 24, 2023 Share Posted March 24, 2023 ps. only issue with Zipmex is liquidity, their order book isn't very big. Link to comment Share on other sites More sharing options...
Lemsta69 Posted March 24, 2023 Share Posted March 24, 2023 2 hours ago, FreddieMercury said: Can you use KuCoin? Not sure what they are charging but any conversion is going to be pricey. KuCoin don't support THB on-ramp however their trading fees are not at all pricey. Their fee is 0.1%/0.1% maker/taker at the basic level (LV0). 1 Link to comment Share on other sites More sharing options...
nglodnig Posted March 24, 2023 Share Posted March 24, 2023 (edited) i've got a new crypto currency it's called "send your money down the toilet" just send me HARD CASH and I will "invest" it for you. Edited March 24, 2023 by nglodnig 1 Link to comment Share on other sites More sharing options...
bradiston Posted March 24, 2023 Share Posted March 24, 2023 Bitkub. You can buy with THB from your bank account. Have to do full KYC. 1 Link to comment Share on other sites More sharing options...
itsari Posted March 25, 2023 Share Posted March 25, 2023 1 hour ago, nglodnig said: i've got a new crypto currency it's called "send your money down the toilet" just send me HARD CASH and I will "invest" it for you. But what are the fees for your services ? 1 Link to comment Share on other sites More sharing options...
bluejets Posted March 25, 2023 Share Posted March 25, 2023 11 hours ago, Seeall said: Hi all, seems like a simple question but I dont think I found the best answer if I may ask you all. Forget this crypto <deleted> and just buy gold if you're worried about Thai baht or any other for that matter. Link to comment Share on other sites More sharing options...
arithai12 Posted March 25, 2023 Share Posted March 25, 2023 what I did: send THB from your bank to Bitkub buy crypto send crypto from Bitkub to Kraken sell crypto on Kraken to whatever currency send currency from Kraken to your destination bank using SWIFT Obviously, you need first to open accounts on Bitkub and Kraken (the two steps are required because Bitkub doesn't send currency to banks abroad) Total commission was about 4% for a small amount, 2.5% for a large amount, your mileage may vary depending on which crypto and which banks you use. From start to end, a few hours or next day, all done online. Also note to those who write disparaging comments: this has nothing to do with investing in crypto. You buy and you sell within minutes, no change in value. Try to transfer large amounts of Baht to your own country without the proper accompanying documentation of their origin, and enjoy. I am not talking about illegal dealings. For example, I transferred substantial money from abroad to Bangkok Bank for a medical operation. In the end, I did not need that money, but it was impossible to send it back directly from the bank. Link to comment Share on other sites More sharing options...
bradiston Posted March 25, 2023 Share Posted March 25, 2023 33 minutes ago, arithai12 said: what I did: send THB from your bank to Bitkub buy crypto send crypto from Bitkub to Kraken sell crypto on Kraken to whatever currency send currency from Kraken to your destination bank using SWIFT Obviously, you need first to open accounts on Bitkub and Kraken (the two steps are required because Bitkub doesn't send currency to banks abroad) Total commission was about 4% for a small amount, 2.5% for a large amount, your mileage may vary depending on which crypto and which banks you use. From start to end, a few hours or next day, all done online. Also note to those who write disparaging comments: this has nothing to do with investing in crypto. You buy and you sell within minutes, no change in value. Try to transfer large amounts of Baht to your own country without the proper accompanying documentation of their origin, and enjoy. I am not talking about illegal dealings. For example, I transferred substantial money from abroad to Bangkok Bank for a medical operation. In the end, I did not need that money, but it was impossible to send it back directly from the bank. Nice comment. I recently transferred 247,247 THB from my KT bank here to my Wise $ account. Cost 699 THB. Then feeless $ to $ account in Europe. So total cost 699 THB, $20, to buy and send $7,150. Not sure how much a SWIFT transfer would have been. Maybe same. And a 100k THB transfer from bank to Bitkub is feeless. It just sits in my wallet until I withdraw it or have a flutter on coin. Link to comment Share on other sites More sharing options...
Freddy42OZ Posted March 25, 2023 Share Posted March 25, 2023 16 hours ago, Seeall said: Hi all, seems like a simple question but I dont think I found the best answer if I may ask you all. Best price to exchange THB to Crypto seems to be 2.5 % which is over the top. Does anyone know where the the best prices can be to exchange? Thanks all... Forget Binance, , despite all the marketing that comes up on google that looks good, they cant do this... You can either set up a BitKub account, link your Thai bank account and purchase crypto here, then transfer that crypto anywhere you want. The choice of which crypto is upto you. Or use Binance. I use Binance P2P, so I pay cash to someone in Thailand and they transfer the agreed crypto to my Binance account. Both ways are easy if you know what you are doing. Link to comment Share on other sites More sharing options...
Peterphuket Posted March 25, 2023 Share Posted March 25, 2023 5 hours ago, bluejets said: Forget this crypto <deleted> and just buy gold if you're worried about Thai baht or any other for that matter. It's a bit to late now. Link to comment Share on other sites More sharing options...
nglodnig Posted March 25, 2023 Share Posted March 25, 2023 9 hours ago, itsari said: But what are the fees for your services ? competitive - very low Link to comment Share on other sites More sharing options...
itsari Posted March 25, 2023 Share Posted March 25, 2023 Just now, nglodnig said: competitive - very low Ok , good advice and save money for the man asking the question 1 Link to comment Share on other sites More sharing options...
itsari Posted March 25, 2023 Share Posted March 25, 2023 4 minutes ago, itsari said: Ok , good advice and save money for the man asking the question You should work for Silicone Valley Bank 1 Link to comment Share on other sites More sharing options...
ThailandRyan Posted March 25, 2023 Share Posted March 25, 2023 10 hours ago, nglodnig said: i've got a new crypto currency it's called "send your money down the toilet" just send me HARD CASH and I will "invest" it for you. Another crypto hater....is it because you missed the boat in getting in on the ground floor? 1 1 Link to comment Share on other sites More sharing options...
nglodnig Posted March 25, 2023 Share Posted March 25, 2023 5 minutes ago, itsari said: You should work for Silicone Valley Bank I do - or at least I DID Link to comment Share on other sites More sharing options...
Lemsta69 Posted March 25, 2023 Share Posted March 25, 2023 10 hours ago, bradiston said: Have to do full KYC. there's the rub...Bitkub wanted way too much info for KYC Tier 1 when I applied last year so I gave up and signed on with Zipmex TH instead. They just wanted the standard KYC1 docs, ID & address. Link to comment Share on other sites More sharing options...
itsari Posted March 25, 2023 Share Posted March 25, 2023 1 hour ago, nglodnig said: I do - or at least I DID I understand your employment prospects. Good luck , try a Swiss bank for a position . Link to comment Share on other sites More sharing options...
bradiston Posted March 25, 2023 Share Posted March 25, 2023 1 hour ago, Lemsta69 said: there's the rub...Bitkub wanted way too much info for KYC Tier 1 when I applied last year so I gave up and signed on with Zipmex TH instead. They just wanted the standard KYC1 docs, ID & address. Yeah, it was a real PITA signing up with them. I think it took me about 5 gos before I managed to suppress my rage long enough to get through. I think the last document I uploaded was a copy of my UK tax return. 1 Link to comment Share on other sites More sharing options...
Jenkins9039 Posted March 26, 2023 Share Posted March 26, 2023 On 3/24/2023 at 9:57 PM, Seeall said: some of us are not the nuts, thats the ones buying it and holding to get rich.. and the nutters think those nut are all.... some of us just want to send out crypto payment from THB.. simple.. so please dont talk down to us simple people.. If you have THB and want Crypto to send out - do OTC.... or do via local conversion. Dependent on amount i may be able to point you. Link to comment Share on other sites More sharing options...
Lemsta69 Posted March 26, 2023 Share Posted March 26, 2023 On 3/24/2023 at 11:09 PM, Lemsta69 said: ps. only issue with Zipmex is liquidity, their order book isn't very big. Update, and a bit of CYA on my part: The Thai venture capital firm that agreed to buy out Zipmex have just failed to make a down-payment of a few mil USD. So best to avoid them just in case they freeze withdrawals just as you're about to transfer your preciousss to cold storage. Link to comment Share on other sites More sharing options...
ubonr1971 Posted March 26, 2023 Share Posted March 26, 2023 On 3/25/2023 at 6:04 AM, nglodnig said: i've got a new crypto currency it's called "send your money down the toilet" just send me HARD CASH and I will "invest" it for you. Ive made huge money with my btc and ethereum. Your comment is daft. 1 Link to comment Share on other sites More sharing options...
Jenkins9039 Posted March 28, 2023 Share Posted March 28, 2023 (edited) Did he ever find what he was looking for? Edited March 28, 2023 by Jenkins9039 Link to comment Share on other sites More sharing options...
bradiston Posted March 28, 2023 Share Posted March 28, 2023 1 hour ago, Jenkins9039 said: Did he ever find what he was looking for? You mean Bono? I think he's still out there somewhere. Link to comment Share on other sites More sharing options...
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