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Can I use a crypto wallet to prove funds for a retirement visa in Thailand?

Retirement Visa Thailand Visa Rules Financial Requirements Crypto Wealth Thai Bank Account Requirement Visa Application Process

Mathew *******

OP

asked Jun 30, 2025

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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?

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.

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Francois ********

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

0

Simon ********

Simon ********

Won't be accepted, but there's ways around, talk to a good agent

1

David *******

David *******

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

3

Tom *******

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 👍

0

Ingvar *******

Ingvar *******

Stay home and destroy your life for little money? Life is short.

1

Simon ********

Simon ********

Never advertise your crypto wealth, you are opening yourself up to having problems, not uncommon these days.

4

Tom *******

Tom *******

good shout totally agree

1

Tom ********

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.

2

Mick **********

Mick **********

It clearly states on the embassy website 800,000baht or £18,000 pounds in a BANK Account

5

Anna *********

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

1

Mathew *******

Mathew *******

OP

Yep. i have emailed the Thai consulate for advice.

0

Anna *********

Anna *********

no need it is clear that the funds must be in a personal bank account not bitcoin

1

Mathew *******

Mathew *******

OP

@Mick *********

Yes I know.

0

Anna *********

Anna *********

Yes some things change but that requirements along with the amount required hasn't

0

Mick **********

Mick **********

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.

1

Mathew *******

Mathew *******

OP

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.

0

Dennis *********

Dennis *********

Well funds will need to be in a Thai Bank account for your 1 year extension.

3

Mathew *******

Mathew *******

OP

hopefully in a years time I will be a tax resident so no tax on crypto.

0

Kool *******

Kool *******

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.

0

Judy *******

Judy *******

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

1

Lynnette *******

Lynnette *******

You only need 800,000 tb equivalent to apply. Isn't that achievable?

2

Mathew *******

Mathew *******

OP

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.

1

Mathew *******

Mathew *******

OP

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.

0

Kool *******

Kool *******

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.

1

Jordi ********

Jordi ********

Then do crypto instead of retiring in Thailand...

1

Wayne *******

Wayne *******

Has to be in the bank and if recent reports are correct, crypto is about to bull as Im sure you are aware 👍

3

Mathew *******

Mathew *******

OP

I've emailed the Thai consulate and asked the question.

0

Wayne *******

Wayne *******

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

1

Mathew *******

Mathew *******

OP

Yep, that would be my luck.

0

Wayne *******

Wayne *******

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.

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