Popular Post Jenkins9039 Posted July 29, 2023 Popular Post Share Posted July 29, 2023 With it increasingly being difficult to retain a bank account in the West whilst residing in Thailand (or similar), an increasing amount of people hold their overseas savings/wealth in stablecoins or similar digital representation (non speculative). Stablecoins being the equivalent (though riskier) than holding funds in a bank, but bearer based (like cash), one could/would argue, a $ based stablecoin or Euro, pound etc is no different to their overseas bank account which if they bring funds from, into Thailand would be tax free *its savings*. Yet if you use an exchange theres fees, and possibly tax because of the way Thailand treats such. Is there a form of a collective P2P network? - If so there should be. 1 1 4 Link to comment Share on other sites More sharing options...
Popular Post proton Posted July 29, 2023 Popular Post Share Posted July 29, 2023 No thanks, backed by nothing not regulated and no guarantee you wont lose the lot 3 1 Link to comment Share on other sites More sharing options...
malathione Posted July 30, 2023 Share Posted July 30, 2023 As a small percentage of your diversified holdings, fine. Why not get an offshore bank account in Singapore? Citibank is a tad onerous; OCBC is both easier and has lower balance requirements. As for your question, there used to exist a P2P marketplace, localbitcoins, but they are no longer in business. There might be substitutes. Link to comment Share on other sites More sharing options...
bignok Posted July 30, 2023 Share Posted July 30, 2023 Btc and eth are the 2 safest. 1 Link to comment Share on other sites More sharing options...
advancebooking Posted October 13, 2023 Share Posted October 13, 2023 Buy BTC and ethereum. Stick it on a trezor or ledger wallet. End of story. Safe as houses. Link to comment Share on other sites More sharing options...
FruitPudding Posted October 13, 2023 Share Posted October 13, 2023 1 hour ago, advancebooking said: Buy BTC and ethereum. Stick it on a trezor or ledger wallet. End of story. Safe as houses. Till you forget your keys. Link to comment Share on other sites More sharing options...
luckyblock token Posted October 13, 2023 Share Posted October 13, 2023 On 7/29/2023 at 4:26 PM, proton said: No thanks, backed by nothing not regulated and no guarantee you wont lose the lot USDT is backed by real-world assets such as fiat currency and U.S. Treasurys so that it is always one to one redeemable with the U.S. dollar. Stablecoins are used by traders to move in and out of different cryptocurrencies without the need to convert money back into fiat currencies you do not have to much knowledge about Stablecoins Link to comment Share on other sites More sharing options...
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