As of 2023, around 13 million Thai people used cryptocurrency, making up about 18% of the population. This number is expected to grow to 17.67 million by 2028.
With more businesses starting to accept digital currencies, spending crypto in Thailand is becoming easier. From hotels and restaurants to shops and travel services, there are many places where you can use your digital assets.
In this guide, we’ll look at some of the best places to spend cryptocurrency in Thailand, helping you make the most of your trip.
Read Also: Best Places to Spend Crypto in Romania
Key Takeaways
- Around 13 million Thai people (18% of the population) used cryptocurrency in 2023, with growth expected to reach 17.67 million users by 2028.
- Silavadee Pool Spa Resort in Koh Samui became the first resort on the island to accept cryptocurrency in 2021, supporting Bitcoin, Ethereum, and USDT.
- Sri Panwa Phuket accepts multiple cryptocurrencies including Bitcoin, Ethereum, USDT, and USDC for direct bookings at their luxury resort.
- Pavilions Hotels & Resorts partnered with Coindirect in 2021, allowing guests to pay with 42 different cryptocurrencies through a secure payment link valid for 90 minutes.
- At Rice Resort near Bangkok also accepts cryptocurrency payments, though the specific supported coins aren’t mentioned.
- EAT ME Restaurant accepts Bitcoin (BTC) payments, offering a dining experience where customers can spend their digital currency.
| S/N | Best Places to Spend Crypto in Thailand | Categories |
| 1 | Silavadee Pool Spa Resort | Resort |
| 2 | Sri Panwa Phuket | Resort |
| 3 | Pavilions Hotels & Resorts | Hotel & Resort |
| 4 | At Rice Resort | Resort |
| 5 | EAT ME Restaurant | Restaurant |
Silavadee Pool Spa Resort
Source: Silavadee Pool Spa Resort
Category: Resort
Supported Cryptos: Bitcoin (BTC), Ethereum (ETH), and USDT
In 2021, Silavadee Pool Spa Resort became the first resort in Koh Samui to accept cryptocurrency for hotel bookings.
This makes it one of the best places in Thailand to spend crypto while enjoying a luxury getaway.
Located on the beautiful Laem Nan Beach, Silavadee offers stunning sea views, private pool villas, and five-star service.
Guests can now pay with Bitcoin (BTC), Ethereum (ETH), and USDT for their stay, thanks to a partnership with Bitazza, a top digital asset platform in ASEAN.
Sri Panwa Phuket
Source: Sri Panwa Phuket
Category: Resort
Supported Cryptos: Bitcoin, Ethereum, USDT, and USDC
You can now book your dream holiday with crypto at Sri Panwa Phuket. This luxury resort accepts Bitcoin, Ethereum, USDT, and USDC for direct bookings.
This means more flexibility, security, and peace of mind for guests though, in a paradise like Sri Panwa, there’s not much to worry about anyway!
Located on 40 acres of lush tropical land, Sri Panwa offers stunning private pool villas and luxury residences with breathtaking views of the Andaman Sea.
Pavilions Hotels & Resorts
Source: Pavilions Hotels & Resorts
Category: Hotel & Resort
Supported Cryptos: Bitcoin, Ethereum, or other cryptocurrencies.
Since 2021, The Pavilions has partnered with Coindirect, allowing guests to pay with 42 different virtual currencies. That means you can easily book your stay in Thailand using Bitcoin, Ethereum, or other cryptocurrencies.
Booking is simple. Just email the hotel’s reservation team, and once your booking is confirmed, you’ll receive a secure payment link that is valid for 90 minutes.
Complete your payment through your crypto wallet using a QR code or wallet number, and you’re all set for an unforgettable stay!
At Rice Resort
Source: At Rice Resort
Category: Resort.
Supported Cryptos: Unknown.
Just a short drive from Bangkok, Rice Resort, Nakhon Nayok is a hidden gem where you can enjoy nature, adventure, and relaxation.
This cozy and private resort is surrounded by lush greenery and is close to famous tourist spots like Wang Takrai Park, Nang Rong Waterfall, Sarika Waterfall, and Khun Dan Prakan Chon Dam.
What makes At Rice Resort even more special is that it welcomes cryptocurrency payments. So, if you’re looking for a scenic and exciting place to spend your crypto in Thailand, this resort should be at the top of your list.
EAT ME Restaurant
Source: EAT ME Restaurant
Category: Restaurant
Supported Cryptos: Bitcoin (BTC).
A restaurant that’s all about bold flavors and creativity. With a name like that, you can expect something exciting, and Chef Tim Butler delivers exactly that.
They accept Bitcoin (BTC) as payment. So, if you’re looking for an unforgettable dining experience and want to spend your crypto, this is the place to go.
How to Accept Crypto Payments in Thailand?
If you want to accept crypto for your business, here’s how you can do it.
Check Thai Regulations
Thailand has rules for using cryptocurrency, and the government regulates it through the Securities and Exchange Commission (SEC). Make sure you follow local laws to avoid legal issues.
Choose a Crypto Payment Processor
A crypto payment processor helps you receive and convert digital currencies. Some popular options are:
- Bitkub Pay (Thailand-based)
- NOWPayments
These services make transactions easy and secure.
Set Up a Digital Wallet
To receive crypto payments, you need a digital wallet. You can choose from:
- Hot wallets (online and easy to use)
- Cold wallets (offline and more secure)
Display Payment Options
Let customers know you accept crypto by adding a “Pay with Crypto” sign at your store or website. Some payment processors provide QR codes for easy transactions.
Tips for Spending Crypto in Thailand
Here are some tips for spending your crypto in Thailand:
Use a Crypto Wallet
Ensure you have a secure and user-friendly crypto wallet installed on your smartphone. Popular options include Trust Wallet, Coinbase Wallet, and MetaMask. Make sure your wallet supports the specific cryptocurrency you intend to use.
Be Aware of Fees
When making crypto transactions, be mindful of potential network fees or transaction costs. These fees can vary depending on the cryptocurrency and the network congestion. Consider using a wallet that allows you to adjust transaction fees to optimize cost-effectiveness.
Understand Tax Implications
Familiarize yourself with the tax regulations regarding cryptocurrency transactions in Thailand. While spending crypto for goods and services might not be taxed directly, it’s essential to keep records of your transactions for potential capital gains tax calculations if you later sell or exchange the crypto.
Stay Secure
Prioritize the security of your crypto assets. Use strong passwords, enable two-factor authentication, and be cautious of phishing attempts or scams. Only transact with reputable businesses and avoid sharing your private keys or wallet information with untrusted parties.
Read Also: Best Places to Spend Crypto in Spain
Conclusion
Spending cryptocurrency in Thailand is getting easier, with more hotels, resorts, and restaurants accepting digital payments. Whether you’re booking a luxury stay, dining at a top restaurant, or exploring hidden gems, using crypto can make your trip more convenient and secure.
Just remember to follow local regulations, choose a reliable wallet, and stay aware of fees and security risks. With the right approach, you can enjoy a seamless crypto experience while exploring the beauty of Thailand.
Frequently Asked Questions
Bitkub is one of the most popular and trusted crypto platforms in Thailand. It is licensed by the Thai SEC and offers easy trading for Thai users.
UEEx is another option, but Bitkub is the most widely used exchange in Thailand. Other platforms like Binance and Satang Pro are also available.
Yes, Thailand has clear crypto rules set by the Securities and Exchange Commission (SEC). All exchanges must be licensed and follow Know Your Customer (KYC) and anti-money laundering (AML) rules, making it a safe place to trade crypto.
