Virtual assets are available to travelers. With cryptocurrency, tourists will gain access to a wide range of services and can conveniently exchange currency and make transactions. Digital assets will be accepted as payment at restaurants, cafes, stores, and other popular tourist destinations.
This is particularly relevant for visitors to the country who prefer fast, secure, and convenient transactions without having to exchange currency or deal with banking systems. For now, however, you can exchange your crypto assets for baht through our exchange service.
The concept of “cryptocurrency” emerged in Thailand in 2018. It all began when a Thai fintech company raised funds from the public using digital tokens, even before the government had enacted laws and regulations governing such activities.
It is not legal tender in the country and is regulated by the Emergency Decree on Digital Asset Business. According to this decree, cryptocurrency and other digital tokens are considered digital assets. Since 2018, Thailand has recognized Bitcoin, Ethereum, Ripple, and Stellar.
As of March 2022, the SEC—the Securities and Exchange Commission of Thailand—has prohibited digital asset business operators from using digital assets as a means of payment for goods and services.
In 2025, the government continues to actively support cryptocurrencies by making changes to taxation and regulation. The Thai government supports the digital sector by eliminating the 7% VAT on income from digital assets in 2025.
These factors are also affecting the tourism sector. Cryptocurrency is becoming increasingly popular, and the number of digital asset holders is growing. As a result, in Thailand’s major resort cities, there are hotels, bars, and restaurants where you can pay with cryptocurrency. It’s convenient and secure—you don’t need to carry cash, look for an ATM, or search for local currency exchange offices.
As is the case worldwide, the most popular digital currencies in Thailand for investing and conducting transactions are Bitcoin (BTC) and Ethereum (ETH). Next are Ripple (XRP) for international transfers and Binance Coin (BNB), which is used by users of Binance, one of the country’s largest exchanges. To hedge against volatility and facilitate fast transactions within the local economy, people use USDT and USDC—stablecoins.
You can use any of these popular cryptocurrencies to pay for activities, tours, and accommodations. Establishments that accept them will display relevant information—on menus, doors, or walls. If you need a specific cryptocurrency, exchange it at our 24/7 crypto exchange at a favorable rate.
Awareness of Bitcoin in Thailand is gradually growing. Due to government restrictions, it is important to be aware of the rules and requirements established by the authorities before using Bitcoin:
Locals and tourists store and use Bitcoin in mobile wallets such as Binance or MetaMask, or use more secure cold wallets. Virtual currency can also be stored on online exchanges, where users can trade and grow their holdings simultaneously.
With the rapid growth of the crypto industry and increasing interest in digital assets among Thais and foreign investors, altcoins and stablecoins are becoming more popular. Among altcoins, demand is growing for:
Stablecoins are in high demand in Thailand because they provide stability by being pegged to the U.S. dollar. The most popular ones are: Tether (USDT), USD Coin (USDC), and Binance USD (BUSD). Altcoins and stablecoins are traded and invested in on exchanges such as Bitkub, Satang Pro, and Binance.
This is also convenient for tourists—they can prepare the amount they need in advance
The sector is developing rapidly. Legislation regulates the use of cryptocurrency. Platforms such as Bitkub, Satang Pro, and others are available for buying and selling digital assets. Some companies in Thailand have begun accepting cryptocurrency as a form of payment. This allows tourists and locals alike to use virtual coins for purchases in stores and online.
Those interested attend seminars and courses on cryptocurrency and blockchain technology, which helps raise awareness and interest in these topics. Blockchain projects are actively developing in the country: startups are working on solutions across finance, supply chain, logistics, and other areas.
The Thai government is interested in using blockchain technology to improve the efficiency of public services and governance. As a result, the tourism sector is becoming increasingly open to accepting cryptocurrency payments. You can use it to pay for vehicle rentals, guided tours, or to buy food at a store.
Blockchain technology in Thailand is actively developing and plays an important role in various sectors of the economy and the financial ecosystem. It is used to create new payment systems and platforms that enable fast and affordable transactions.
Blockchain provides a high level of security and transparency, which boosts trust among users and investors. Major blockchain projects and initiatives include a Thai cryptocurrency exchange for trading and a project called “M-Minute” aimed at creating a national cryptocurrency.
The most popular cryptocurrency exchanges in Thailand are: Bitkub, Satang Pro, Cointhailand (the local One), and the international Zipmex. To use wallets effectively, you need to understand how they work.
Hardware wallets (Ledger, Trezor) are the safest way to store cryptocurrency. Mobile and desktop wallets (Exodus, Trust Wallet, Atomic Wallet) are convenient for quick transactions. Online wallets are easily accessible via a browser but carry a higher security risk.
For greater security, use two-factor authentication (2FA). Regularly update your wallet software, and keep backups of your private keys and seed phrases in a secure location.
The use of cryptocurrency by tourists in Thailand is gradually gaining popularity, although it is not yet widespread. Let’s take a closer look at where cryptocurrency is accepted in Thailand and how else it can be used.
In Bangkok, Phuket, and other major cities, there are ATMs where you can exchange cryptocurrency for cash.
You can pay with digital currency at restaurants and cafes in tourist areas—popular spots like “The Commons” or wine bars. Some luxury or boutique hotels may offer the option to pay with cryptocurrency.
Electronics and fashion stores are beginning to accept Bitcoin and other cryptocurrencies. Shopping malls may have dedicated locations offering these services. Bangkok has several Bitcoin ATMs where you can buy or sell cryptocurrency for cash, as well as local cryptocurrency exchanges.
In Phuket, tourists are already using cryptocurrency during their island vacations to pay for hotel rooms, restaurants, and cafes. Virtual coins can be used to pay for car or scooter rentals. You can also use them to pay for activities and tours.
Some businesses accept cryptocurrency as payment without conversion. Companies offer cryptocurrency debit cards that allow users to convert crypto assets into fiat currency when making payments.
With Binance Pay and BitPay, users can simply scan a QR code to make a payment. In Bangkok and Phuket, many merchants accept Bitcoin and Ethereum.
Tourists can use local crypto exchanges to buy and sell cryptocurrencies. There are mobile apps and online services for currency conversion (CoinMarketCap and Nomics). You can also exchange any coin quickly and at a favorable rate using our online crypto exchange.
There are pros and cons to using cryptocurrency.
The main advantages are security and convenience. Since the funds are digital, they cannot be physically stolen. Exchange rates are favorable, and transaction fees are minimal.
Cryptocurrency is not legal tender in Thailand. It cannot be used directly as a unit of currency. It is a new payment method that is still evolving. Therefore, you’ll need to find a crypto exchange or use cryptocurrency exchanges.
This is a popular and constantly evolving trend. It is promising and beneficial for the country. It is convenient for tourists to pay for hotels, restaurants, and tours with digital currency. More and more activities and other forms of entertainment are adding this payment option.
The use of cryptocurrencies in the tourism sector offers a range of opportunities for travelers and local businesses. Transactions are fast and convenient, with no need for currency conversion. Fees are minimal, and everything is anonymous and secure.
Cryptocurrencies have the potential to become an integral part of the tourism economy thanks to their unique advantages. In the future, we may see expanded adoption in the tourism sector, technological advancements, and regulatory changes.
The use of cryptocurrencies in Thailand’s tourism industry has significant potential for growth and development. This opens up new opportunities for travelers and businesses. Exchange your crypto with us and gain access to all the entertainment, goods, and services Thailand has to offer.