Cryptocurrency in Thailand

Key Highlights

75.77% of Thai respondents have owned or used cryptocurrency.

Mobile apps are the most common storage method for Thai users.

Half of Thai people are very familiar with cryptocurrency.

Bitcoin is the leading cryptocurrency in Thailand.

Many Thai respondents remain interested in learning more about crypto.

Topic Overview

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Thailand Sees Rising Recognition of Cryptocurrency

In Thailand, cryptocurrency is increasingly gaining attention, though not everyone is fully on board just yet. Around half of the population indicates that they are familiar with the concept of cryptocurrency, such as Bitcoin or Ethereum. However, this means that a significant portion still isn’t familiar with it. Some people might be more aware of cryptocurrencies than others, possibly because of factors like age, education, or access to technology.

High Adoption of Cryptocurrency in Thailand

When it comes to ownership or use of cryptocurrencies, the situation shifts noticeably. An impressive 75.77% of people in Thailand report having used or owned cryptocurrency at some point. It's clear that the cryptocurrency market in Thailand is experiencing a high level of adoption.

Strong Curiosity, But Skepticism Surrounds Cryptocurrency Interest

When asked about their level of interest in cryptocurrency, more than half say they are interested in learning more, though they don't yet own any cryptocurrency. The next largest group expresses skepticism, pointing out concerns about the risks and volatility that often accompany cryptocurrencies. Meanwhile, a significant group simply have no interest, showing that for some, the idea of digital currencies still doesn’t resonate. Only a small percentage—about 10%—have previously owned cryptocurrency but no longer do, likely due to a challenging initial experience or a lack of long-term value perception.

Mobile Wallets Lead in Crypto Storage Preferences

Mobile wallets and apps are the most popular way people manage and store their digital assets. The convenience and accessibility of keeping cryptocurrency on a phone make it especially attractive to younger, tech-savvy individuals. Following close behind are cryptocurrency exchanges, which remain a common choice for those looking to buy, sell, or hold their digital currencies. Surprisingly, financial apps that combine cryptocurrency management with banking and investing services have gained a good number of users.

Binance Dominates the Thai Crypto Exchange Market

Looking at the exchanges and platforms that people in Thailand are using to access cryptocurrencies, Binance stands out as the most popular. This is followed by Bitkub, a local player in the crypto exchange space. It’s also worth noting that global exchanges like Coinbase, KuCoin, and PayPal are involved, though their adoption in Thailand remains relatively limited, with usage figures hovering below 3%.

Bitcoin is the Most Popular Cryptocurrency in Thailand

73.25% of Thais have either owned or used Bitcoin, making it the most dominant cryptocurrency. Ethereum ranks second, though it holds a significantly smaller share of the market. Other cryptocurrencies, such as Dogecoin and Tron, attract more niche interest but remain far less popular than Bitcoin.

*Disclaimer: The information provided by TGM StatBox is intended for general informational purposes only. TGM StatBox does not assume liability for the completeness or accuracy of the information provided. Due to frequent updates, statistics may be more current than mentioned in the text. Please independently verify the information and consult experts as needed.

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