Tue, November 30, 2021

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Bitcoin Cash in Thailand


Bitcoin Cash (BCH) brings sound money to the world, fulfilling the original promise of Bitcoin as “Peer-to-Peer Electronic Cash”. Merchants and users are empowered with low fees and reliable transactions.

Since digital payments and cryptocurrencies have taken over the investment market. Bitcoin Cash is gaining popularity in Thailand, as people are looking forward to reaping good opportunities and benefits.

Bitcoin and Bitcoin Cash: What Is the Difference?

Bitcoin and Bitcoin Cash are both holders of value, while Bitcoin has been the holder of the most value up until now, Bitcoin Cash is gaining users and value fast.

Bitcoin Cash was started by bitcoin miners and developers equally concerned with the future of the cryptocurrency and its ability to scale effectively. BCH has its own blockchain and specifications, including one very important distinction from Bitcoin which is thus able to process transactions more quickly than the Bitcoin network, meaning that wait times are shorter and transaction processing fees tend to be lower.

To conclude: BCH was designed as an enhanced Bitcoin version with high scalability, reduced cost, and faster transaction speed. Bitcoin Cash thus supported cryptocurrency as a means of payment rather than just a mere store value with low fees and reliable transactions.

How to buy Bitcoin Cash?

Before purchasing Bitcoin Cash, you’ll need a Bitcoin Cash wallet to store it in, the Bitcoin.com Wallet allows you to safely store and spend your Bitcoin and Bitcoin Cash, along with other crypto assets.

From the Bitcoin.com Wallet

  • Open the Bitcoin.com wallet app on your device (Available via App Store and Google Play)
  • Tap the green “Buy” button to buy Bitcoin Cash (BCH)
  • Follow on-screen instructions to deposit coins to your preferred wallet
  • You will be prompted to verify your identity
  • Once complete, your purchase will proceed
  • After your first purchase which includes identification verification, future purchases are even faster!

How to cash out BCH?

Way to convert Bitcoin Cash to Cash in Thailand is by using Bitkub, a licensed cryptocurrency exchange in Thailand that offers services to individuals who intend to buy and sell cryptocurrencies.

Lists of merchants accepting Bitcoin Cash in Thailand

  • Food and beverage
    • Blue Boar (Sukhumvit)
    • Fatty’s Bar and Dinner (Rama9)
    • The Missing Burro (Thonglhor)
    • The New Yorker Cafe (Sukhumvit)
  • Others
    • Hollywood Waxing and Massage (Sukhumvit)
    • Kosy Massage and Cut (Sukhumvit)
    • Kreatah DJ Skool (Thonglhor)

Check out more merchants here (Bangkok Bitcoin Cash)

Bitcoin Cash Meetups

If you are interested in bringing more economic freedom to the world, in new technologies or just curious about Bitcoin, you are most welcome to the Thailand Bitcoin Cash Meetups which will be held in Bangkok, Phuket, Chiangmai and Phangan Island.

 

In Bangkok will be held on every Thursday, weekly meetups at different venues where they accept BCH as payments. On the last Thursday of each month, there will be a technical meetup called Developer's Night/Project Night, connecting with enthusiasts, programmers and professionals.

**Due to the current situation regarding COVID-19, the events might be postponed. Please check here for news regarding a date and time for the upcoming meetups.

Published : April 27, 2021

By : The Nation