This is NOT an official government website. We are an independent resource providing information and assistance to travelers.
Can I use a crypto wallet to prove funds for a retirement visa in Thailand?
Retirement VisaThailand Visa RulesFinancial RequirementsCrypto WealthThai Bank Account RequirementVisa Application Process
Jun 30, 2025
10 months ago
Mathew *******
ORIGINAL POSTERHi, I'm in the UK and intend to apply for a retirement visa. I have the required funds in crypto but its in my crypto wallet. I don't really want to take it out and put it in my UK bank account. Has anyone used a crypto wallet instead of their bank account to prove you have the funds?
TLDR : Answer Summary
The consensus among community members is that to qualify for a retirement visa in Thailand, the required funds (800,000 baht) must be held in a Thai bank account for at least two months before applying. Crypto wallets are not accepted for this purpose, and recent applications using cryptocurrency have faced denial due to non-compliance with the implementation of this rule. Users also recommend seeking clarification from the Thai consulate and considering professional advice or agents who may help navigate around these requirements, although this might incur additional costs.
NON-O RETIREMENT VISA RESOURCES / SERVICES
- Go to the Retirement Visa Section for information on requirements, including age restrictions, financial requirements, and necessary documentation.
- For immediate assistance, contact Thai Visa Centre directly via LINE at @ThaiVisaCentre or Email them.
- Explore recent discussions by using the Non-O Retirement Visa tag in the search box at the top of the page.
- Join the Thai Visa Advice Facebook Group to ask your questions, and get advice from others.
Pelle Eriksson★★★★★
Absolutely Bangkok's best service I highly...recently on Facebook
Luca G.★★★★★
I used this agency for my DTV Visa...recently on Google
Trusted Retirement Visa Agent
OVER 100,000 EXPATS SERVED
#1 VISA AGENT IN THAILAND
Francois ********
If u apply for an
OA-10 yr retirement visa
At a Thai embassy
Thai health insurance is required
LMG Thai ins comp is accepted
Minimum
40k thb OP
400k Thb IP
Yrly premium about 8,000thb
OA-10 yr retirement visa
At a Thai embassy
Thai health insurance is required
LMG Thai ins comp is accepted
Minimum
40k thb OP
400k Thb IP
Yrly premium about 8,000thb
Simon ********
Won't be accepted, but there's ways around, talk to a good agent
David *******
@Simon *******
I do it every year. 17,000 and my money gets 5% in my home account. Just over 20,000 baht better off than locking 800k in the thai accountReply to
David *******
Reply
Tom *******
There is ways around not having the 800k in your bank account but the visa application will cost you more money as they say in Thailand TEA MONEY 👍
Ingvar *******
Stay home and destroy your life for little money? Life is short.
Simon ********
Never advertise your crypto wealth, you are opening yourself up to having problems, not uncommon these days.
Tom *******
@Simon *******
good shout totally agreeReply to
Tom *******
Reply
Tom ********
Unfortunately they don't take Crypto serious enough right now but either way it has to be in a Thai bank for 2 months before.
Mick **********
It clearly states on the embassy website 800,000baht or £18,000 pounds in a BANK Account
Anna *********
If you want the visa follow the relevant rules otherwise you will likely be denied as happened very recently to an application using bitcoin
Mathew *******
ORIGINAL POSTERYep. i have emailed the Thai consulate for advice.
Anna *********
@Mathew ******
no need it is clear that the funds must be in a personal bank account not bitcoinMathew *******
ORIGINAL POSTERAs you are probably aware Thai rules change quite often and as they are offering 5 years tax free crypto trading now for a incentive for traders to move to Thailand the visa commitments may be changing also. So worth asking.
Anna *********
@Mathew ******
Yes some things change but that requirements along with the amount required hasn'tMick **********
@Mathew ******
not quite correct. It's only capital gains made through proper licesensed brokers ,that qualify for the 5 year income tax element exemption ,you may still be liable to pay 15% withholding tax dependent on your tax status.Mathew *******
ORIGINAL POSTER@Mick *********
Yes I know.Reply to
Mathew *******
Reply
Dennis *********
Well funds will need to be in a Thai Bank account for your 1 year extension.
Mathew *******
ORIGINAL POSTERhopefully in a years time I will be a tax resident so no tax on crypto.
Kool *******
@Mathew ******
crypto trading is taxable in Thailand. This went into effect two years ago. Untaxed money coming into Thailand is a big no no, and considered money laundering if you don't pay income tax on it anywhere.Judy *******
@Mathew ******
Tax status has nothing to do with your 1 year extension. Immigration require the 800K to be in a Thai bank account for the appropriate time before and after the extensionReply to
Judy *******
Reply
Lynnette *******
You only need 800,000 tb equivalent to apply. Isn't that achievable?
Mathew *******
ORIGINAL POSTERit is but would need to transfer crypto to my bank. This would trigger capital gains tax. And as Wayne North says hopefully crypto is going up in a few months if all goes to plan.
Mathew *******
ORIGINAL POSTERHi kool, yes I have no problem transferring the crypto to my Thai bank account when I live there. I just want to leave it in my wallet for as long as possible.
Kool *******
@Mathew ******
consider the fact that you can not pay a hospital bill in Thailand with crypto. Because of that fact the bt800,000 has to be in a bank account in your name only that could be used to directly pay a hospital bill. That is the reasoning about what kind of account is legal to use.Jordi ********
@Mathew ******
Then do crypto instead of retiring in Thailand...Reply to
Jordi ********
Reply
Wayne *******
Has to be in the bank and if recent reports are correct, crypto is about to bull as Im sure you are aware 👍
Mathew *******
ORIGINAL POSTERI've emailed the Thai consulate and asked the question.
Wayne *******
@Mathew ******
Yeah I thought gold might be OK as a liquid asset but no. I see their reasoning tho because gold and stocks can be worth noting in 24 hours rendering the applications using gold or stocks null n voidReply to
Wayne *******
Reply
Mathew *******
ORIGINAL POSTERYep, that would be my luck.
Wayne *******
@Mathew ******
You and me both! But Ive been sat on my hands waiting so it better hurry up! Bought mine in 2022 and the guy who advised me said it would be back end of 2025 when it really goes. Everything he said has been spot give or take a month.Reply to
Wayne *******
Reply
17 comments
10 months ago
41 comments
10 months ago
22 comments
a year ago
32 comments
a year ago
12 comments
a year ago
3 comments
a year ago
4 comments
a year ago
6 comments
2 years ago
9 comments
2 years ago
1 comments
2 years ago
4 comments
2 years ago
7 comments
2 years ago
17 comments
3 years ago
11 comments
3 years ago
9 comments
4 years ago
24 comments
4 years ago
89 comments
5 years ago
5 comments
6 years ago
43 comments
6 years ago
88 comments
6 years ago
0 comments
7 years ago
0 comments
7 years ago
2 comments
8 years ago
0 comments
8 years ago
7 comments
a month ago
9 comments
a month ago
21 comments
a month ago
16 comments
a month ago
8 comments
a month ago
The ask:thailand community, consisting of multiple Q/A groups with over 100,000 members, powers this platform. It is not an official government resource. Our members actively contribute to this resource, and while we strive for accuracy, we cannot guarantee its complete reliability. Assistance to travelers is provided as a community service.