Thailand blocks major unauthorized crypto exchanges: What it means for investors and property buyers

As of May 2025, the Thai government has begun blocking access to major cryptocurrency exchanges that lack a local license. This sudden move has impacted many investors, particularly those using crypto to buy property in Thailand, especially in Phuket.

Binance, Bybit, OKX — No Longer Accessible in Thailand

Thailand officially restricted access to popular platforms such as:

• Binance
  
  
• Bybit
  
  
• OKX
  
  

As a result, P2P crypto exchanges in Thailand are no longer available. Users are advised to withdraw their funds immediately, as full access could be shut down soon. This is crucial for anyone using cryptocurrency to purchase real estate in Phuket or to transfer funds from abroad.

Bank Account Risks for Thai SIM Card Holders

If you’re using a Thai bank account for crypto transfers, make sure:

• The SIM card owner’s name matches the bank account name
  
  
• Mismatches may cause account access to be blocked
  
  

These regulations are part of Thailand’s broader effort to combat money laundering and crypto-related fraud, similar to measures in India and the Philippines.

Only Licensed Crypto Exchanges Are Allowed

Moving forward, only government-approved crypto exchanges in Thailand can be used. The complete list of legal platforms is available in the Thai SEC’s official app — “Check First”. Be sure to verify before any transactions.

What This Means for Real Estate Buyers in Thailand

For clients who want to buy villas in Phuket with cryptocurrency or transfer funds from abroad, we provide safe, secure channels for financial operations. At VillaCarte Real Estate, we work only with licensed partners, ensuring secure transfers of any amount.

All real estate transactions in Thailand remain legal, transparent, and risk-free
We offer consultation on how to safely move money and buy property under the new regulations
Despite crypto restrictions, real estate in Phuket remains a stable and profitable investment

Want to buy property in Phuket with cryptocurrency?

Contact us — we’ll help you find a high-liquidity property in Phuket, provide full legal support for the transaction, and offer 24/7 concierge service.