TravelFeedTravelFeed Logo
If You Have Crypto, Avoid Thailand's Big ATM Fees

If You Have Crypto, Avoid Thailand's Big ATM Fees

November 2019 · 2 min read · Lop Buri Province

So you've made it to Thailand. You head to an ATM and withdraw some funds. Accept the 220baht fee, whatever that is. You then check the exchange rate to see that it's a good $10CAD or 6.6€ charge per withdraw. Also the exchange rate you get is abysmal. There must be a better way.

There is! For you crypto holders/users out there, Everex and Krungthai bank will be your new best friend during your stay in Thailand. The process is simple enough and easy to buy back any crypto if you're unwilling to part with your coins.

It's as simple as downloading the Everex transfer app and verifying your email.

You have a few different coin options to choose from. I use USDC for convenience.

A few options for transfer
A few options for transfer

Once you've figured out how much USDC or equivalent you need and the total being more than 1000baht, you can go back and hit the receive button(Don't forget to leave a bit of room for your transaction fees).The multicoin wallet address will appear. This is the address to send your coins to. As always with crypto, please make sure you're sending the right coins. In a few minutes my USDC will usually confirm and I can go to withdraw.

Don't Forget: Get Travel Health Insurance!

To make your trip a worry-free experience, TravelFeed recommends SafetyWing Nomad Insurance. It provides comprehensive health coverage while you travel, so you can focus on exploring, not the unexpected. Get a quote here

Find one of these guys.

At these ATMs, you'll find a cardless withdrawal option on the left. Input your Ref numbers from the email and remove your baht, no service charge. Almost more importantly the spread from exchanging to USDC is likely smaller than the exchange rate given by the ATM further saving you more money.

Enjoy your trip. Put the 220 baht to better use for some legendary Thai street food.

Travel Resources for your trip to Thailand

Recommended by TravelFeed

Flights: We recommend checking to find the best and cheapest flights to Thailand.

Accomodation: Explore the best places to stay in Thailand on, Agoda and Hostelworld.

Travel Insurance: Medical emergencies abroad can be pricey, but travel health insurance is not. We always use SafetyWing for affordable and reliable coverage.

Transportation: Use 12go and Omio to find detailed bus and train schedules, making travel planning easier.

Car Rental: For hassle-free car hiring, DiscoverCars is our trusted choice with a wide selection of vehicles.

Internet: Got an eSIM compatible phone? Airalo is perfect for reliable internet access during your trip. Just install it before you go, and you're set!

Day Trips & Tours: We recommend GetYourGuide for a variety of well-organized and enjoyable activities.

Tickets: Save on entrance fees in Thailand with Klook and Tiquets.

Travel Planner: Need a hand planning? Our free travel planner chatbot is your personal guide to Thailand. Chat now.

Disclosure: Posts on TravelFeed may contain affiliate links. See affiliate disclosure.

Share this post