Bybit Is Blocked in Thailand. How to Buy USDT Now
- Thailand blocked Bybit, OKX, and three other exchanges nationwide starting June 28, 2025.
- Bitkub is the largest Thai SEC licensed exchange and the practical default for buying USDT.
- Cryptocurrency itself remains fully legal in Thailand, only unlicensed platforms are restricted.
Thailand’s SEC blocked access to Bybit nationwide starting June 28, 2025, along with OKX, CoinEx, XT.COM, and 1000X, after finding all five had been soliciting Thai users without a license under the Digital Asset Business Act. Anyone still pointed toward Bybit for buying USDT in Thailand is being sent to a platform that Thai regulators formally cut off over a year ago.
Can I Buy Tether (USDT) in Thailand?
Yes. Thailand recognizes cryptocurrency as a legal digital asset and buying USDT through a properly licensed exchange remains straightforward. The distinction that matters now is licensing status. Thai law requires any exchange soliciting Thai users, whether based locally or overseas, to hold an SEC license and enforcement against unlicensed platforms has gotten considerably more aggressive since early 2025.
Which Exchange Actually Holds a License
Bitkub is Thailand’s largest cryptocurrency exchange and holds SEC license number 310180020007, registered under the Ministry of Finance, a status confirmed on the SEC’s own list of licensed digital asset operators. It has operated under that license since 2019 and remains the platform most Thai residents open first.
Trading fees run at a flat 0.25 percent, deposits are free, and every trading pair settles in Thai baht rather than requiring a separate stablecoin bridge. Gulf Binance and Bitazza also hold valid Thai SEC licenses and are reasonable alternatives.
Step-by-Step Guide to Buy USDT in Thailand
Step 1: Create an account on Bitkub.
Sign up with an email address and Thai mobile number. Then enable two-factor authentication.
Step 2: Complete identity verification.
Bitkub requires a Thai national ID or passport along with a selfie for KYC. Verification is typically fast, often within the same day.
Step 3: Deposit Thai baht.
Fund the account through bank transfer or QR code deposit. The minimum for QR deposits is 40 baht, and bank transfers of 40,000 baht or more are also supported.
Step 4: Buy USDT.
Search for the USDT/THB trading pair, enter the amount, and confirm the order.
Is Tether (USDT) Legal in Thailand?
Yes. USDT and other digital assets are legal to own and trade. What changed is enforcement against the platforms people use to buy them. The Thai SEC has been explicit that operating without a license, not trading crypto itself, is what triggers a block.
Thailand’s Stance on Tether (USDT)
Thailand has kept a licensing based approach rather than an outright ban, but the government has grown far more willing to enforce it against foreign platforms. Two Royal Decrees that took effect in April 2025 extended SEC jurisdiction to any overseas exchange marketing to Thai users, even without a local office, closing a loophole that let unlicensed platforms operate freely for years.
Fees for Buying Tether (USDT) in Thailand
Bitkub charges a flat 0.25 percent trading fee with no deposit fees. That is higher than the sub 0.1 percent rates some offshore platforms once advertised, but it comes with actual SEC oversight and a functioning path to recourse if something goes wrong, which unlicensed exchanges cannot offer.
Conclusion
The core mechanics of buying USDT in Thailand have not changed. What changed is which exchange belongs in this guide. Bitkub’s license status makes it the platform readers can actually use without running into a block, and the licensing gap that let offshore exchanges operate for years is closing fast.
Selling or swapping USDT later still counts as a taxable event under Thai Revenue Department rules. Our crypto tax guide covers how that works.
FAQ
Is it safe to buy Tether (USDT) in Thailand?
Yes it is through a Thai SEC-licensed exchange like Bitkub. Buying through Bybit or other blocked platforms carries real legal and practical risk since Thai users have no regulatory recourse on unlicensed exchanges.
What is the easiest way to buy Tether (USDT) in Thailand?
Bitkub is the most straightforward option, with direct Thai baht trading pairs and integrated bank and QR deposits.
Is Bybit still usable in Thailand?
Bybit alongside four other unlicensed exchanges were ordered blocked by the Thai SEC starting from June 28, 2025
Which exchange has the lowest fees for buying Tether in Thailand?
Among licensed platforms, Bitkub’s flat 0.25 percent trading fee is competitive and so are Gulf Binance and Bitazza, which offer similar rates and are also SEC-licensed.
