2009 Posted December 22, 2020 Share Posted December 22, 2020 So, what is the best way to cash out at the moment in Thailand? Link to comment Share on other sites More sharing options...
PGSan Posted December 22, 2020 Share Posted December 22, 2020 Try crashing out instead. Link to comment Share on other sites More sharing options...
Popular Post Captain Monday Posted December 22, 2020 Popular Post Share Posted December 22, 2020 Why would you want a fiat? 4 Link to comment Share on other sites More sharing options...
ChaiyaTH Posted December 22, 2020 Share Posted December 22, 2020 (edited) LocalBitcoins always does my 100K baht withdrawals in under an hour (into Thai savings account). Edited December 22, 2020 by ChaiyaTH Link to comment Share on other sites More sharing options...
jasonsamui55 Posted December 24, 2020 Share Posted December 24, 2020 Bitkub is fast and easy and has great rates if moving to a Thai bank. 2 Link to comment Share on other sites More sharing options...
Brunolem Posted December 24, 2020 Share Posted December 24, 2020 Bitazza charges a flat fee of 20 baht for a withdrawal and transfer to your Thai bank account. Link to comment Share on other sites More sharing options...
Seeall Posted December 24, 2020 Share Posted December 24, 2020 gettin cash into TH is not a hard thing ha ha.. its the other ways sillys 1 Link to comment Share on other sites More sharing options...
Ro54 Posted December 24, 2020 Share Posted December 24, 2020 (edited) Why don't you get a Binance card? https://www.binance.cc/en/register?ref=35966049 It's a debit card that converts crypto to Fiat automatically.... Edited December 24, 2020 by Ro54 1 Link to comment Share on other sites More sharing options...
WebGuy Posted December 24, 2020 Share Posted December 24, 2020 BitKub. Did it two days ago. No issues and very fast 1 Link to comment Share on other sites More sharing options...
chicowoodduck Posted December 24, 2020 Share Posted December 24, 2020 (edited) Try not to buy it would be the best way to cash out....???????????????? Edited December 24, 2020 by chicowoodduck Spelling 1 Link to comment Share on other sites More sharing options...
Jenkins9039 Posted December 25, 2020 Share Posted December 25, 2020 (edited) Establish an offshore company (Seychelles, BVI etc), then transfer the assets to an account under said company, establish a transferwise or similar account, and withdraw via offshore exchanges to the transferwise business account in dribs and drabs (nothing large) over a period of time, till they've verified you are not laundering, then as long as you don't need the cash immediately, sit on for 12 months so you can remit into Thailand with evidence that you earned the income 12 months prior thus no tax is required, if you do remit immediately then understand its cheaper to pay the income tax from offshore fiat transfers than it is for the Thai tax for crypto withdrawals. Also understand the Thai government occasionally investigates expats withdrawing large sums of crypto for laundering etc. Edited December 25, 2020 by Jenkins9039 1 Link to comment Share on other sites More sharing options...
seancbk Posted December 25, 2020 Share Posted December 25, 2020 17 hours ago, jasonsamui55 said: Bitkub is fast and easy and has great rates if moving to a Thai bank. Vote for Bitkub 1 Link to comment Share on other sites More sharing options...
Heng Posted December 25, 2020 Share Posted December 25, 2020 The best way to cash out in Thailand is to cash out in Singapore. No capital gains taxes. Not to mention a much heartier/more secure banking system that doesn't have news or incidents of rogue bank managers or employees accessing/draining your account. So basically use any exchange in SG and withdraw to your bank account there. From there, if you need to buy a Chang at your favourite entertainment venue here in the LOS, use an ATM card to withdraw paper. 1 Link to comment Share on other sites More sharing options...
yabbra Posted December 29, 2020 Share Posted December 29, 2020 (edited) On 12/25/2020 at 9:58 AM, Heng said: The best way to cash out in Thailand is to cash out in Singapore. No capital gains taxes. Not to mention a much heartier/more secure banking system that doesn't have news or incidents of rogue bank managers or employees accessing/draining your account. So basically use any exchange in SG and withdraw to your bank account there. From there, if you need to buy a Chang at your favourite entertainment venue here in the LOS, use an ATM card to withdraw paper. So you're saying it's possible to get verified with a crypto exchange & open a bank account in Singapore while your country of residence is Thailand? Edited December 29, 2020 by yabbra Link to comment Share on other sites More sharing options...
Heng Posted December 30, 2020 Share Posted December 30, 2020 @Yabbra. Yes. Link to comment Share on other sites More sharing options...
fdsa Posted January 3, 2021 Share Posted January 3, 2021 (edited) The best way to cash out is, and always was - localbitcoins (or localethereum or other peer-to-peer exchanges). And concerning "official exchanges" like bitkub... - LOL, see your passports on darkweb marketplaces for $5/dozen. Edited January 3, 2021 by fdsa Link to comment Share on other sites More sharing options...
fdsa Posted January 3, 2021 Share Posted January 3, 2021 P.S. FYI those "official" Thai exchanges are hosted on Amazon in Singapore, thus keeping Thai nationals' personal information outside Thailand. Is it even legal? 1 Link to comment Share on other sites More sharing options...
NCC1701A Posted January 3, 2021 Share Posted January 3, 2021 On 12/25/2020 at 6:24 AM, chicowoodduck said: Try not to buy it would be the best way to cash out....???????????????? imagine something that went from one cent to $62,000 USD. Link to comment Share on other sites More sharing options...
jasonsamui55 Posted January 6, 2021 Share Posted January 6, 2021 On 1/3/2021 at 9:43 AM, fdsa said: P.S. FYI those "official" Thai exchanges are hosted on Amazon in Singapore, thus keeping Thai nationals' personal information outside Thailand. Is it even legal? ???? does Thailand seriously have means of enforcement of such things? Link to comment Share on other sites More sharing options...
jasonsamui55 Posted January 6, 2021 Share Posted January 6, 2021 On 12/29/2020 at 9:36 AM, yabbra said: So you're saying it's possible to get verified with a crypto exchange & open a bank account in Singapore while your country of residence is Thailand? Not any more. Singapore banks are closing accounts left and right for non residents even if they’ve opened those accounts years ago, and it’s damned near impossible to open new accounts there unless a Singapore resident or company. Link to comment Share on other sites More sharing options...
ThailandRyan Posted January 6, 2021 Share Posted January 6, 2021 On 12/22/2020 at 9:39 PM, 2009 said: So, what is the best way to cash out at the moment in Thailand? With your boots on and standing next to the Juke box, oh wait I thought you were talking about riding off into the big sky after kicking the bucket. Carry on, Cash out your bank accounts, stuff the suitcases, and sell off what you can. In the end walking away with what you can afford to loose is not an issue, you can always rebuild elsewhere. Hopefully you were not overly invested. Link to comment Share on other sites More sharing options...
Jenkins9039 Posted January 8, 2021 Share Posted January 8, 2021 On 1/3/2021 at 3:36 PM, fdsa said: The best way to cash out is, and always was - localbitcoins (or localethereum or other peer-to-peer exchanges). And concerning "official exchanges" like bitkub... - LOL, see your passports on darkweb marketplaces for $5/dozen. You do realise you can't withdraw via Bitkub unless the bank is in the same name as the account holder ? Link to comment Share on other sites More sharing options...
fdsa Posted January 10, 2021 Share Posted January 10, 2021 (edited) You do realize that even the largest companies store users' private information in the databases protected by login "admin" and password "admin"? You do realize that the famous company Solarwinds who serves the US Army, Treasury, Post, NASA, and many Fortune 500 companies, was hacked because they used password "solarwinds123"? I'd be happy to show my passport & bank book in person at the local Bitkub office, but as they do not have one I prefer to trade cryptos privately or on the peer-to-peer exchanges. Because I don't want to upload these scans to some online server for the joy of russian hackers. P.S. treat "russian" as the trademark, not as the originating country. For my experience the majority of hacking activity comes from mainland China. Edited January 10, 2021 by fdsa Link to comment Share on other sites More sharing options...
MadMac Posted January 12, 2021 Share Posted January 12, 2021 Bitkub does not even have an attended phone number and their "hotline" is in "maintenance". There is still some guy in their chatbox if you wait for a few hours. Or just put your money elsewhere. Link to comment Share on other sites More sharing options...
fdsa Posted January 13, 2021 Share Posted January 13, 2021 (edited) On 1/10/2021 at 12:23 PM, fdsa said: You do realize that even the largest companies store users' private information in the databases protected by login "admin" and password "admin"? You do realize that the famous company Solarwinds who serves the US Army, Treasury, Post, NASA, and many Fortune 500 companies, was hacked because they used password "solarwinds123"? I'd be happy to show my passport & bank book in person at the local Bitkub office, but as they do not have one I prefer to trade cryptos privately or on the peer-to-peer exchanges. Because I don't want to upload these scans to some online server for the joy of russian hackers. P.S. treat "russian" as the trademark, not as the originating country. For my experience the majority of hacking activity comes from mainland China. > 80TB of Parler Posts, Videos, and Other Data Leaked > According to the security researchers, video and image data still has EXIF data (metadata of things like time, date, and location), and some of the other data they've been able to gather is the Verified Accounts documents — on Parler, users that are verified have done so by uploading photos of their government IDs. And that's exactly the reason why I never register on any website that wants to see my government ID. Edited January 13, 2021 by fdsa Link to comment Share on other sites More sharing options...
MadMac Posted January 13, 2021 Share Posted January 13, 2021 LOL, I remember this, I worked for Lucent Technologies before it was taken over by the French and then eaten by the Fins ???? litbp4mtw Lucent is the best place for me to work ???? The idea stuck, just use a phrase you can remember and the first letter of each word. Link to comment Share on other sites More sharing options...
internationalism Posted January 15, 2021 Share Posted January 15, 2021 I have some 1.53 btc which I would like to sell for cash, any currency. Any small quantity at time is not a problem, if it's close enough to meet. I do live in west bangkok and would like to meet in a secure place, like police station, so I can check bank notes for forgery. I would like to exchange passport/national ID copies as well as phone numbers for my safety. Now, on bitcoin.com my 0.67 btc shows some $25k, but 0.76 btc on binance and 0.1 btc on coinbase is $9.5k and $950. It looks, like they are not updated real time, as I hoped for. Did I make a mistake? Is there way to rectify it? Link to comment Share on other sites More sharing options...
fdsa Posted January 15, 2021 Share Posted January 15, 2021 try these ppl https://t.me/mikesfbkk https://t.me/Rithnia https://t.me/time315 Link to comment Share on other sites More sharing options...
petedk Posted February 5, 2021 Share Posted February 5, 2021 I've tried registering a new account at Bitkub a couple of times now and always get a "closed for new registrations" message. Link to comment Share on other sites More sharing options...
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