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Good Experience - Coins.co.th for sending $ to Thailand


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I searched the forum and was surprised that there are no posts discussing coins.co.th ... they are a bitcoin exchange in Thailand. They are super handy for the following: 

  • Sending money from overseas to all major Thai banks ... I routinely have money in my Siam Commercial account within an hour of deciding to send from USA. No need to visit the bank here in usa/whereever. 
  • Paying bills such as AIS, True Move, internet providers, etc. 

I use coinbase.com to get money from my Wells Fargo account ( instant ) to bitcoin... then send from coinbase to my coins.co.th account. Once the money is in coins.co.th you can send it to all major thai bank accounts or vendors.

Fees are super low. If you are sending over a certain amount ( say 3000 usd ) it might be cheaper to just send via swift and pay the flat wire fee. 

 

If you leave money in your coins.co.th account it is in bitcoin form; and it's value changes quickly from day to day and sometimes within a day... so it is best not to keep it in bitcoin form unless you are fine speculating on btc value. 

 

Hope this helps some of you save time and money! 

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