Anyone successfully used crypto as part of proving the 500k in accounts for DTV?
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TLDR : Answer Summary
The majority consensus among commenters is that cryptocurrency cannot be used to satisfy the requirement of demonstrating 500,000 THB in an account for Thailand's Digital Nomad Visa (DTV). Most emphasized that the funds must be in liquid cash, specifically held in a bank account, and not in any form of cryptocurrency or investment accounts due to volatility concerns and liquidity issues.
Sorry, it needs to be real money, not a computer file.
Anonymous ******************
They want to see real money
Ethan ******
They wont accept it as liquid cash.
Must be directly in bank account.
They say crypto and brokerage accounts are too vulnerable.
Wayne *******
Id suggest using crypto to buy gold as thats accepted and is flying unlike crypto. Then exchange your gold back to crypto as a certain 'few' are set to bull big in 6-9 months
I’ll have spent 244 days here since mid October last year in Thailand
I know people rinse them but all it takes it’s for an immigration officer to have had a bad day and refuse entry
Can’t think of anything worse lol
I’ve got an agent that guarantees entry but then when applying for a real visa, they may not like the history in my passport and potentially refuse visa then
Might be overthinking/worrying too much
Matt *********
Anonymous participant plenty of people here successfully received a dtv with a history of border runs. $15k is way too much to keep in a passive account for 3 months and not invest in a bull market this year
I think it is 16K because of exchange rate. Plus I’ve seen people transfer the day before applying and got approved. For me the safest way is parking the 16K for 3 months to get a 5 year visa.
u still need to pay back at the price of that coin by the time. The same as cash it out
Ryan ********
Anonymous participant 934 Not true.
1. Borrow 16,000 USD stablecoin against BTC, ETH, SOL on Kamino or Aaave.
2. Cash out stable coin to bank, season the money for visa
3. After visa approved, repay
*****
USD stablecoin loan + 6-10% annual interest.
The loan is denominated in USD, the collateral moving in price doesn't affect the loan amount. Only thing to be aware of is the interest rate and provide enough collateral to not get liquidated on a down move.
Anonymous participant i guess if you use a crypto wallet as your fund it would be ideal to present usdt, but then again not sure how they view it so I would further investigate the topic.
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Itay *******
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Ryan ********
I believe I saw somewhere it has to be liquid cash like in a bank account. I can't remember where
Anonymous participant he's Correct ✅ Crypto not accepted.
Ryan ********
Anonymous participant the recommendation I give is to go with the safest option in the eyes of the government. Crypto can come and go, but cash in a savings account is safe. Etc.