What options do foreigners in Thailand have to convert Bitcoin to Thai baht cash without a Thai ID or bank account?

Bitcoin Cryptocurrency Exchange Thai Baht Foreigners in Thailand DTV Visa Bitkub Bank Accounts in Thailand Cash Withdrawal BTC ATMs in Thailand

Nov 15, 2024

a month ago

Anonymous *************

ORIGINAL POSTER

This is not another bank account question, but it is in a similar direction, I hope the admins allow it.

**How can a foreigner in Thailand, let's say on a DTV, convert crypto like Bitcoin to Thai baht cash?

**

To clarify - the crypto assets are not in a Thai exchange. The foreigner does not have a Thai ID card and doesn't have NDID either. Let's make it even harder for him, he doesn't even have a Thai bank account. 

What are the options? Are there any with exchange rates close to reasonable?

Will opening a Thai bank account help in this situation?

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TLDR : Answer Summary

Foreigners in Thailand on a DTV visa can convert Bitcoin to Thai baht cash through various options. While holding a Bitkub account and opening a Thai bank account are recommended for ease of exchange, there are alternative methods such as Bitcoin ATMs available in the country. Users noted that a Thai ID or NDID is not required for signing up with Bitkub, but having a Thai bank account would facilitate cashing out.

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Tore *********

As already mentioned, Bitkub (with KYC) and a Thai Bank account indeed.

There are more dubious cash ways possible, but I wouldn’t….

Don’t need NDID or Thai ID for Bitkub, but bank account would be needed

a month ago

Michi ********

Open a Bitkub account and Thai bank account. That’s the easiest.

a month ago

Pierre ********

There is some btc-atms in thailand

a month ago

Reply to

Pierre ********

Why can't I open a bank account in Thailand with my DTV visa?

90 comments

a month ago