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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
15 days ago
Mathew *******
ORIGINAL POSTER
Hi, 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?
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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
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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
14 days ago
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Simon ********
Won't be accepted, but there's ways around, talk to a good agent
14 days ago
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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 account
14 days ago
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David *******
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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 👍
14 days ago
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Ingvar *******
Stay home and destroy your life for little money? Life is short.
14 days ago
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Simon ********
Never advertise your crypto wealth, you are opening yourself up to having problems, not uncommon these days.
14 days ago
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Tom *******
@Simon *******
 good shout totally agree
14 days ago
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Tom *******
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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.
14 days ago
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Mick **********
It clearly states on the embassy website 800,000baht or £18,000 pounds in a BANK Account
15 days ago
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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
15 days ago
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Mathew *******
ORIGINAL POSTER
Yep. i have emailed the Thai consulate for advice.
15 days ago
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Anna *********
@Mathew ******
 no need it is clear that the funds must be in a personal bank account not bitcoin
15 days ago
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Mathew *******
ORIGINAL POSTER
As 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.
15 days ago
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Anna *********
@Mathew ******
 Yes some things change but that requirements along with the amount required hasn't
14 days ago
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Mick **********
@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.
15 days ago
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Mathew *******
ORIGINAL POSTER
@Mick *********
 Yes I know.
14 days ago
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Mathew *******
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Dennis *********
Well funds will need to be in a Thai Bank account for your 1 year extension.
15 days ago
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Mathew *******
ORIGINAL POSTER
hopefully in a years time I will be a tax resident so no tax on crypto.
15 days ago
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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.
14 days ago
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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 extension
14 days ago
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Judy *******
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Lynnette *******
You only need 800,000 tb equivalent to apply. Isn't that achievable?
15 days ago
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Mathew *******
ORIGINAL POSTER
it 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.
15 days ago
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Mathew *******
ORIGINAL POSTER
Hi 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.
14 days ago
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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.
14 days ago
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Jordi ********
@Mathew ******
 Then do crypto instead of retiring in Thailand...
15 days ago
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Jordi ********
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Wayne *******
Has to be in the bank and if recent reports are correct, crypto is about to bull as Im sure you are aware 👍
15 days ago
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Mathew *******
ORIGINAL POSTER
I've emailed the Thai consulate and asked the question.
15 days ago
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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 void
15 days ago
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Wayne *******
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Mathew *******
ORIGINAL POSTER
Yep, that would be my luck.
15 days ago
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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.
15 days ago
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Wayne *******
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Thai Visa Advice and Everything Else
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