Answered2 months ago
Do crypto funds count for visa applications in Thailand, and is cash in Revolut acceptable?
Hi everyone. If I show crypto funds will this count. Second question will cash funds in a Revolut suffice
Cheers have a great day
Cheers have a great day
Answer summary
In response to the questions about the acceptability of crypto funds and cash in a Revolut account for Thai visa applications, the consensus from the comments suggests that crypto funds are generally not accepted. Most embassy representatives prefer proof of funds in the form of bank statements from recognized financial institutions. While some users mention that Revolut can be acceptable for showing funds, there are warnings about its status as a bank in Thailand and its reliability when dealing with cryptocurrencies. Overall, for visa applications like the DTV visa, it's essential to present financial proof in fiat currency rather than crypto or non-traditional financial institutions.
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Richard ******
I have $
*****
in 4 foreigner banks and that has been rejected, so no way they will accept monopoly money.Reed **********
take out a crypto loan in dollars, thrn sell that back for the original asset after approval. Pretty much instant and not an insane cost in fees/APR. But the particular embassy you apply at may be interested in seeing ongoing work projects if applying as workcation. I am curious how many people applied and were approved solely on crypto trading incomes.
Anonymous ******************
@Reed *********
no need just get the Thailand Privilege card for 20k USD use Siam Legal as GSSA they will assist you in application and transfer of funds.Jimmy ******
OPAnonymous participant 878 Why would you go for that when you can get a 5 year for £1000?
Jimmy ******
OP@Reed *********
nice one ☝️Reed **********
will depend on the embassy how long they want the 500k in an account for though
Reed **********
DTV application: £300
Jimmy ******
OP@Reed *********
really?!Reed **********
why pay 1000 pound when you can pay 250ish pound
Delightfu**********
Knows about crypto, doesn't know how to use search function
Jimmy ******
OPDelightfulLemur1746 I do but I thought this page was designed for these types of questions pal
Delightfu**********
@Jimmy *****
it is pal... That's why if you search the group posts you'll find it answered about 600x...Jimmy ******
OPDelightfulLemur1746 Just joined 2 days ago. Please forgive me, please I’m begging you
Conor ********
If your mates with the hi-so,theyl get you a reserve card for 1 bitcoin. In all seriousness, what DTV are you applying for soft or business?
Jimmy ******
OP@Conor *******
I don’t even know yet which one still in early stages of lookingConor ********
No problem, some people on here want to help, others don't. When Thai Immigration ask for proof of funds, they want a personal bank statement from the last 3-6 months of the apply date to prove the required amount, this goes for the retirement visa, dtv visa, marriage visa, and all of the tourist specific visas. Crypro wallets don't count unfortunately, because the government can't spend it inside the country.
Conor ********
Yes,any bank that can download bank statement from the app, ie proof of balence, and it shows proof of the required funds in fiat currency is enough for Thai Immigration on the cash balance part. There are actually far easier and better countries in my opinion for business nearby, although again it depends on what reason you would like to enter Thailand.
Jimmy ******
OP@Conor *******
Got ya. I’ve beenMainly using Revolut because of how easy it is to transfer over crypto to cash, my other wallets i hardly use or check. Bit annoying that I’ve gotta transfer it across for a few months even though it’s already there in the form of another asset. The grey area which is why I messaged on here is about whether Revolut is considered as a verified bank I reside in the Algarve and have Irish nationality but someone did reply saying it’s good to go so let’s see
Anonymous ******************
Most 6 digit crypto traders buy the elite privilege visa they don't go for bagpacker visas.
Conor ********
Anonymous participant 878 You aren't special with an elite Priv card, your still gonna have your passport in the same 90 day report line as everyone else. Go and message your Nigerian prince for another 6 figures
Anonymous ******************
@Conor *******
you don't need to stand in line to do 90 day reports genius the Thailand Elite services do that for you, and 90 day reports can be done online from second report onwards, they also assist you in opening a Thai bank account, getting a driving licence.You just told me you are a broke without even telling meConor ********
Anonymous participant 878 You told me your afraid and not free by posting as an anonymous, and a little bit insecure by bringing up wealth 😂😂😂
Conor ********
Anonymous participant 878 I'd rather freedom and wealth at the same time. If you don't submit a 90 day report, your passport will be prohibiting from leaving until you pay a fine, cool buddy even if you do have cash, your living in Thailand and have to report to the Government like a convict, you sound like a free individual
Jimmy ******
OPAnonymous participant 878 I’m not a trader and what’s a bagpacker visa
CapableC********
Yes allowed, apply via the block chain for dtv
Jimmy ******
OPCapableCelery590 Sweet 😆
Cliff *********
Enough real money in a real bank account seasoned long enough.
This gets asked daily.
This gets asked daily.
Faye **********
Crypto no and be careful with revolut when travelling they have blocked mine for depositing crypto into it
Roti *****
@Faye *********
Do you mean you sent cash from an exchange to the revolut account?Faye **********
@Roti ****
no usdt and they closed the accountRoti *****
Ah gotcha, seeing lots of accounts getting frozen with them. How long did it take to resolve?
John **********
No crypto, use a real bank account
Jimmy ******
OP@John *********
Revolut not a real bank?John **********
@Jimmy *****
depends on the location. In some it is and in some it isn'tJohn **********
@Christer ****
No, not in Thailand
Christer *****
@John *********
But not in Thailand? No banking licenceJimmy ******
OP@John *********
thanks for your helpJohn **********
@Jimmy *****
it isJimmy ******
OP
DTV_Be*******
Most embassies don’t accept crypto. What is your nationality ?
Liu *****
Thanks. I introduced myself how to spell "Chukchi" in English.
Jimmy ******
OPDTV_BegPecker Ireland
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