FAQs by BINANCE TH
1. Why is Binance.com suspending its THB P2P feature? And what should I do?
Due to the recent update in Thai digital asset regulations, services involving Thai Baht (THB) must be offered through a locally licensed entity. As a result, Binance.com is suspending its THB P2P feature and redirecting users to Binance TH.
2. Is Binance TH licensed to operate in Thailand?
Yes. Binance TH is operated by Gulf Binance Co., Ltd., a licensed digital asset exchange and broker under the supervision of the Thai Securities and Exchange Commission (SEC) and the Ministry of Finance of Thailand.
Binance TH leverages the advanced technology from Binance.com, so you can be assured about its security. And as a Thai licensed platform, you can connect your THB bank account for easy deposit and withdrawal.
3. How do I register an account with Binance TH? Especially if I am a current user of Binance.com.
If you already have a Binance.com account, you can use the new “Register with Binance Account” feature. The feature uses the same email on your Binance.com account to register an account at Binance TH. Basic KYC data (name, address, selfie, ID number, etc.) will be securely shared from Binance.com to Binance TH to help speed up your onboarding process. However, you will still need to complete additional steps to meet Thai regulatory requirements.
This information will be shared to help prefill and expedite your onboarding process. No other personal data will be transferred.
Once completed, your Binance.com and Binance TH accounts will be linked for a more seamless experience.
For the actual step-by-step on how to register for a Binance TH account with your email registered at Binance.com, please see: https://accounts.binance.th/en/register
Tips: You can transfer crypto from Binance.com to Binance TH by just selecting your linked account at the “Third Party Account” menu - no need to enter a wallet address. This makes the process easier and helps prevent mistakes.
4. Can I transfer my crypto from Binance.com to Binance TH easily?
Yes, after linking your accounts, you can transfer crypto between them more easily - while still keeping full control of your assets.
For a crypto transfer from your Binance.com account to Binance TH, you can do it directly on the “Third Party Account” page on Binance.com platform. This feature allows crypto transfer from Binance.com without needing to input wallet addresses. It is faster, safer, and designed to reduce human error with no gas fee.
For the actual step-by-step on how to transfer asset to Binance TH, please see ‘How to transfer to Binance TH’: https://www.binance.th/en/faq/account-function/ba46ff365f9b4791baae6d2b06795e63
5. How can I link my Binance.com and Binance TH accounts?
Your accounts will be automatically linked if you open your Binance TH account with the “Register with Binance account” feature. Otherwise, you can do it with the Wallet Connect feature as well.
Wallet Connect lets you connect your Binance.com and Binance TH accounts, so you can transfer crypto between them more easily - while still keeping full control of your assets.
Once your accounts are linked, you can transfer crypto from Binance.com to Binance TH by just selecting your linked account—no need to enter a wallet address. This makes the process easier and helps prevent mistakes.
This feature only allows for accounts owned by the same person, so we need to verify that.
To complete Wallet Connect, please start from https://accounts.binance.th/en/oauth-handle
6. What services are available on Binance TH?
Binance TH is the top crypto platform in Thailand, offering over 350 trading pairs with THB and crypto. You can easily and securely connect your Thai bank account to deposit or withdraw THB.
Binance TH also offers helpful features like:
Easy Buy/Sell – quickly convert between crypto and THB
Spot Trading – trade crypto with real-time prices
THB on/off ramp – deposit or withdraw THB via bank transfer
Tips: Easy Buy/Sell is a simplified trading option that lets you quickly convert between crypto and Thai Baht. It's ideal for those who prefer not to use the more advanced Spot Market. To use it, just tap the button in the middle at the bottom of your screen.
7. Are there any promotions or benefits for existing Binance.com users?
There is no existing promotion specifically for Binance.com users. However, currently we have a campaign for all users who complete the first trade (via spot or Easy Buy Sell) with a minimum amount of 500B and get 500B in BNB token.
8. Is P2P still available on Binance TH?
No, but at Binance TH, you can convert any digital token or cryptocurrency with Thai Baht and withdraw to your local bank account easily.
9. Is there customer support in Thai?
Yes, our customer support is available 24/7 via our chat support for both Thai and English. Please contact our customer support team at: https://www.binance.th/th/chat
10. Mule account measurement and Withdrawal limit
The Thai Securities and Exchange Commission (SEC) has recently implemented stringent measures to combat the misuse of digital asset accounts, commonly referred to as "mule accounts," which are often exploited in cybercrimes and money laundering activities. These measures, effective from April 2025, are part of amendments to the Digital Asset Business Law and the Cybercrime Law.
As a result, all new accounts with Binance TH and other licensed Thai digital asset platforms will have stricter withdrawal limits particularly on crypto withdrawals until enhanced due diligence is completed. To upgrade these limits, you’ll need to submit additional documents.
📍 Enhanced Due Diligence Form - Additional identity verification:
👉 Click this form
11. Does Binance TH share my information to regulators?
As a licensed digital asset provider, we’re required by law to report certain information to the Thai SEC and AMLO including KYC checks and suspicious activity, to comply with anti-money laundering (AML) and counter-terrorism financing (CTF) rules. We also send regular updates on data such as trading volume and other business data for the Thai SEC mainly for audit purpose. The SEC can request more user information during audits or investigations.
We do not have a regular obligation to report information with the Revenue Department, but they do have the legal right to request data for tax-related purposes.
Also, Binance TH operates separately from Binance.com. We follow strict data privacy and security protocols and only use your information in accordance with Thai laws and its privacy policy.
12. Does Binance TH share any information that was obtained from Binance.com to Thai regulators?
No. Binance TH only receives your basic KYC information (such as name, address, ID number, and selfie) through the “Register with Binance Account” feature. This information is used solely to help expedite your onboarding process. No trading history or any other data from Binance.com will be shared with Binance TH without your explicit consent.
Binance TH operates as a separate and independent entity from Binance.com. We do not have access to or control over any additional information on Binance.com.
13. If I use Binance TH, what would be my tax obligation?
Income from crypto—whether investing, trading, or rewards—may be taxable.
Trade on licensed Thai platforms = safer, legal, and you can use losses to reduce your tax.
Trade on overseas platforms? You still owe tax on profits, but can’t deduct losses.
Income is counted when you sell, not when you withdraw.
Keep your trading records for easier filing!
Understanding tax is key to confident investing. When in doubt, talk to the Revenue Department or a tax expert.