Thailand is one of the most emerging states in relation to the crypto field. Cryptocurrency license is issued for major digital currencies like Bitcoin, Ethereum, Litecoin, Stellar, Ripple, etc.
Now, let’s analyze the top eight cryptocurrency exchanges that topped the charts in Thailand in terms of trading volume and traffic.
CEX.io entered the crypto-world in 2013. Since then, it has expanded its client base to more than three million. The London-based crypto exchange network offers funding for 99 percent of nations, including 47 states in the USA. User property security is guaranteed by the option of multi-payment and 24/7 customer support along with system reliability. The trading fee ranges between 0.25% to 0.1% for takers and 0.16% to 0.0% for makers.
eToro is one of the world’s leading and famous cryptocurrency exchanges. Users of eToro can trade top cryptocurrencies like Bitcoin, Ethereum, Litecoin, Zcash, and a lot more coins. It is known for its instant deposit and withdrawal options which can be made via bank transfer, PayPal, and a lot more. It offers unique features like copy trading and is also one of the famous trusted exchanges. Also, the interface is easy and clean to use.
Coinmama is one of the world's most popular and largest cryptocurrency exchanges, which purchase and sell Bitcoin and other cryptocurrencies using credit cards or bank transfers. Since its launch in 2013, it has served the needs of more than 2 million customers across 188 nations. The company has 40 full-time employees. A 5.9 percent trading rate and 5 percent for credit card-supported transactions are received by the crypto exchange, located in Slovakia. The UI is incredibly simple for beginners and should be fine.
Localbitcoins is a decentralized exchange that is globally recognized that enables peer-to-peer transactions that allow platform users to post advertisements for buying (or) selling orders. This allows traders before completing the deal to link and finalize the agreement with co-members. Traders will be willing to exchange (or) even meet in person online. Several payment solutions are available for LocalBitcoins, making the site readily open to the global trading community. Some of the safety precautions are two-factor authentication (2FA), login guard, support staff, and a feedback-driven reputation system.
Kraken is joining Coinbase and Binance's elite club with the help of its millions of active users. It was one of the top three cryptocurrency exchanges. Kraken allows fiat-to-crypto currency trading on its website as well. In 2019, Kraken made the headlines with its announcement that it had raised $100 million in an offering to its massive customers at a whopping $4 billion valuation. The trading charge ranges between 0 percent to 0.36 percent for takers and 0 percent to 0.08 percent for producers.
One of the leading exchanges based in China is OKCoin. OkCoin, based in Beijing, began operating in 2013 and accounts for most of the Bitcoin transactions in the world. If OkCoin meets China users' needs, it also accepts trades from worldwide traders. The trading fee varies from 0.1 percent to 0.01 percent for takers and 0.2 percent to 0.03 percent for producers. OKCoin has improved its safety measures by integrating its network with bank-level SSL security encryption. Also, cold storage, GSLB, and distributed servers, and real-time account monitoring of deposits and withdrawals are some of the key features.
BitMEX (Bitcoin Mercantile Exchange) is a cryptocurrency exchange platform for peer-to-peer derivatives. The Hong Kong-based exchange is known for a wide range of features and its user-friendly platform. BitMEX cryptocurrency exchange provides multi-signature deposit and withdrawal options for its group. Every BitMEX address is therefore multi-signature and the whole storage remains offline. Since its launch, such uniqueness in strategy has helped them facilitate over $180 billion. It is better suited for experienced crypto traders, as the BitMEX platform does not work with fiat currencies.
Paxful is one of the world-famous sites for the exchange of peer-to-peer cryptocurrencies. Until finalizing the contract, traders of Paxful will post trade offers and can communicate. The Delaware-based cryptocurrency exchange, which began in 2015, has more than 3 million users. Some of the popular crypto payments that Paxful has embraced are PayPal, MoneyGram, Amazon/iTunes gift cards.
The current bitcoin price in Indonesia is 15,43,571.33 Thai Baht, however this price changes every minute, so always check the exact price on your local crypto exchange.
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