Hi All,

  I am looking to buy bitcoin for the first time and i have been looking at Coins.co.th. One of the things that has struck me is that you buy the bitcoin above the rate and you sell at bellow the rate. Also, i was wondering about the safety of just leaving the coins in the account. Can you do the cold storage once you have bought them on this site. I am still learning and there is still a lot of ground to cover with regards to crypto-currency's.

 

I thought i would add some value:

 

 

The rule of the thumb is, if you're not sure or don't know what you're

doing, leave it alone, unless you study and research the subject well

enough to test the water small at first, otherwise, you will lose big

especially with Bitcoin, mysterious and hard to gauge investment....

Having used the service on and off for years I have found no problem with it except for the low account  limits 

You can't buy more than 500k per 24hrs but most other bitcoin exchanges are unlimited as is localbitcoins.com

I consider coins.co.th to be a scam.
The withdrawal process: To withdraw money you have to specify the baht amount (not the bitcoin amount.) this is inconvenient because the baht value changes every 5 seconds and if you are trying to withdraw all of the bitcoin in your wallet it will always say that you have insufficient funds in your wallet to cover the transaction. More than likely you will have to leave coins in your wallet, which can be a pain in the ass if you are trying to withdraw everything from your account. Typically this is done to ensure that the user loses money on every transaction, because there is a mandatory minimum (calculated in Bitcoin, not baht) required to withdraw. An example:If you have 3,000 baht in your wallet and manage to withdraw 2,970 baht you will lose the remaining 30 baht because it does not meet the mandatory minimum. Now imagine if the 30 baht left in your wallet goes up to 3000 baht, coins.co.th will keep it 
 or you have to put money in to get it out, either way they <deleted> you. 

20 hours ago, Chang Dahm said:

I consider coins.co.th to be a scam.
The withdrawal process: To withdraw money you have to specify the baht amount (not the bitcoin amount.) this is inconvenient because the baht value changes every 5 seconds and if you are trying to withdraw all of the bitcoin in your wallet it will always say that you have insufficient funds in your wallet to cover the transaction. More than likely you will have to leave coins in your wallet, which can be a pain in the ass if you are trying to withdraw everything from your account. Typically this is done to ensure that the user loses money on every transaction, because there is a mandatory minimum (calculated in Bitcoin, not baht) required to withdraw. An example:If you have 3,000 baht in your wallet and manage to withdraw 2,970 baht you will lose the remaining 30 baht because it does not meet the mandatory minimum. Now imagine if the 30 baht left in your wallet goes up to 3000 baht, coins.co.th will keep it 
 or you have to put money in to get it out, either way they <deleted> you. 

If 30thb leftover in Your account is too much for you to handle then I can only smh.......