Best Crypto Wallet in Thailand for 2025 | Ledger

The State of Crypto in Thailand

Thailand’s crypto market is thriving. With over 15% of Thailand’s population holding crypto (equating to ~12.5 million crypto owners and growing), it ranks among the top 20 countries of the world when it comes to crypto adoption. 

Moreover, Thai citizens also get support for their crypto initiatives from major banks and regulators, and so the country has become one of Southeast Asia’s most active digital asset markets. Thailand is heavily investing in crypto and the Thai crypto market seems to be booming, considering how quickly TradFi regulations can turn on their own citizens.

This upward trend of crypto adoption comes at a time when the Thai government has frozen over 3 million bank accounts and set 50,000–200,000 Baht daily transfer limits due to widespread of illegal bank account related to scammers. Both of these developments have affected the economic functioning of its population, allowing crypto to gain even more traction as a resource that unlocks people’s financial freedom and future without relying on traditional financial systems. 

The lesson is simple – when you don’t truly own your funds, the government or any third party can make huge financial decisions for you without your permission, and this is why crypto’s decentralized ethos comes into play at an ever larger scale. 

Why Is It Important To Choose Right Crypto Wallet?

While new players like KBank’s Orbix Group and Gulf-Binance’s Binance TH have made it easier than ever for Thai investors to get started with crypto and crypto wallets, this convenience comes at the cost of control over your funds. Buying crypto from an exchange may feel like the first step, but the real challenge is for people to understand the benefits of secure self-custody of their assets. 

This is because even when you deal in crypto, there are certain levels of centralization, control, and cyber threats you need to watch out for. When you don’t control your private keys, you don’t truly control your assets, and many Thai users still store their coins on custodial exchanges or trading apps. 

These accounts can be frozen by regulators, compromised by phishing, or drained in a hack. And in Thailand, where cyber-attacks occur 70% more often than the global average according to a CheckPoint report, this risk is higher than most new investors realize.

That’s why choosing the right crypto wallet for a globally competitive crypto market like Thailand is critical. 

In this guide, we’ll explain how crypto wallets work, the difference between hot vs. cold storage, and why hardware wallets like Ledger are the gold standard for long-term crypto security. We’ll also explore Thailand’s best hardware and software wallets in 2025, alongside the pros and cons of custodial solutions like Bitkub, Bitazza, Orbix, and Upbit Thailand. 

By the end, you’ll know which wallet setup fits your needs whether you’re buying your first satoshi or already managing a diverse crypto portfolio.

What Is a Crypto Wallet?

Blockchains are permanent public records of transactions, so wallets don’t hold coins but instead proves ownership and access to funds via cryptographic keys. 

A crypto wallet is a digital interface that protects your blockchain keys, and not the coins themselves. It manages two cryptographic keys:

• Public key: Like a bank account number, you share it for receiving funds (to a certain ‘address’ on a blockchain.)
• Private key: Like an ATM PIN, you can use it to authorize transactions; whoever controls these keys controls the amounts of crypto it provides access to.

Unlike traditional bank accounts tied to a centralized server, your crypto funds aren’t locked in the wallet itself, so if you have your private keys with you, you can restore access on another device/wallet.

Why Do I Need a Crypto Wallet in Thailand?

If you’re a crypto user in Thailand, the best thing you can do to protect your funds and transact in crypto is to get yourself a non-custodial hardware wallet. We’ll explore exactly what that means for you as we move along, but let’s start with a few reasons that make Thailand a hub for crypto and why having a crypto wallet helps. 

For starters, Thailand is one of the few countries in the world that has approved a 5-year bitcoin and crypto tax break. This policy encourages exploration of DeFi yields and unlocks access to tokenized government bonds. 

Moreover, Thailand is one of the top adopters of crypto globally, and initiatives like the August 2025 TouristDigiPay pilot are helping grow crypto adoption. This program allows tourists to convert their existing crypto to Baht via QR codes, with KYC requirements and daily limits. 

But with growing adoption comes looming threats, and this is why you need a secure, non-custodial crypto wallet in Thailand even more. 

In September 2025, leaked documents revealed an alleged 2022 hack at a major unnamed Thai exchange, potentially involving losses of 7.7 billion Baht. Thailand is also a landscape shaped by ongoing SEC enforcement, such as the June 2025 blocks on unlicensed platforms like Bybit, OKX, and CoinEx. 

Hence, Thai users face abrupt financial access, frequent online threats, and government disruptions on centralized crypto exchanges. 

Why Use a Self-Custodial Wallet?

So, there’s two benefits of using secure self-custodial crypto wallets in Thailand: you can easily convert your funds into Baht and also protect your funds from Thailand’s elevated cyber risks. If you use custodial wallets (like those provided by crypto exchanges), you’re always at risk since you’re trusting another entity with access and control over your digital funds. 

A crypto wallet like a Ledger device supports these opportunities while protecting against cyber threats and evolving regulations. But even with a secure hardware wallet, human error is the weakest link, as transactions are hard to read and interfaces often don’t clarify what you’re signing.  

Ledger addresses these issues with Clear Signing integrations across the Ledger ecosystems. This makes transactions readable while surfing and transacting in integrated Ledger Live apps. Moreover, Ledger’s Transaction Check simulates transactions to spot risks before approval and even sends users an assessment of transactions before they sign them. Secure self-storage also helps legitimate users demonstrate compliance and avoid unintended regulatory entanglements. 

But these features are just the tip of the iceberg when it comes to safeguarding your digital assets. Ledger’s time tested security model has proven itself in more than a decade of use among 7.5 million users – and no Ledger device has ever been hacked. Let’s take a closer look at what makes the latest Ledger devices the perfect choice for Thailand crypto users combining personalization, protection, and portability.

Hardware Wallet vs. Software Wallet

When exploring crypto, you’re likely to come across terms like hardware wallet or cold wallet, while we’ve previously defined the types of crypto wallets, let’s get a quick overview of each of them below:

• Hardware wallet: Physical devices storing private keys offline, highly resistant to online hacks.
• Software wallet: App or browser extension on your computer/smartphone; convenient but internet-connected (“hot”), exposing it to malware, phishing, and threats.
• Hot wallet: Always online for quick transactions (most software wallets).
• Cold wallet: Storage of keys offline for protection; includes hardware, paper wallets, and some software in air-gapped mode (e.g., via QR codes).

‘Hot’ and ‘cold’ wallets are terms you may use interchangeably depending on whether your device stores your private keys offline or not. For example, a Ledger device keeps your private key offline and only signs transactions when you physically confirm the transaction(s) on the device, preventing malware or hacks. 

However, if someone accesses your private key or 24-word seed phrase, they can control your funds without the wallet. That’s why you must never share or store the seed phrase on internet-connected devices like your phone or laptop. 

Best Hardware Wallets in Thailand for 2025

Let’s explore the top hardware wallets available to Thai users in 2025. 

Ledger Stax

The Ledger Stax is Ledger’s premium and one of the most advanced hardware wallets on the market. Offering a sleek design and advanced functionality, Ledger Stax is built with an industry-first 3.7-inch curved E Ink touchscreen. 

The display wraps around the edge of the device, making navigation and signing transactions more intuitive. The Secure Element chip (CC EAL6+ certified) ensures unmatched protection, while Bluetooth and NFC allow seamless connectivity. 

Wireless charging and built-in magnets for stacking multiple units make it both practical and premium. Ledger Stax also supports over 15,000 digital assets, including NFTs, and works flawlessly with Ledger Live for managing, swapping, and staking. The only trade-off is its higher cost and fixed battery.

• Secure element chip: Yes
• Touchscreen: 3.7” E Ink touchscreen
• Bluetooth: Yes
• NFC: Yes
• Charging: Wireless

Ledger Flex

The Ledger Flex is built to go with any lifestyle, with superior security and personalization options. Its 2.8-inch E Ink touchscreen offers crisp visibility and, like all Ledger devices, is powered directly by a Secure Element chip, preventing any risk of malware manipulation. 

It connects seamlessly with the Ledger Live app and allows users to manage, buy, swap, and stake thousands of cryptocurrencies. 

Its balance of price, portability, and security makes it a strong option for everyday use.

• Secure element chip: Yes
• Touchscreen: 2.8” E Ink touchscreen
• Bluetooth: Yes
• NFC: Yes
• Charging: USB-C

Ledger Nano X

The Ledger Nano X is Ledger’s award winning hardware device, ideal for those who want mobility without sacrificing security. 

Its USB stick format with a 128×64 pixel display, Bluetooth support, and a USB-C port makes it a super portable, power-packed device. With the CC EAL5+ Secure Element, it protects private keys against all kinds of sophisticated cyber attacks. 

The Ledger Nano X is compatible with thousands of coins and tokens across numerous blockchains and offers greater memory compared to older models, allowing support for more apps simultaneously. 

Although it lacks a touchscreen, ongoing firmware updates keep it future-proof, and its portability and price make it one of the most popular wallets available today.

• Secure element chip: Yes
• Touchscreen: No
• Bluetooth: Yes
• NFC: Yes
• Charging: USB-C

Comparison Table: Hardware Wallets

Best Software Wallets in Thailand for 2025

Let’s take a look at the best software wallets available in Thailand for 2025.

MetaMask

MetaMask remains the most widely used Ethereum wallet and gateway to thousands of decentralised applications (dApps). With the rollout of MetaMask Snaps, it now supports additional networks such as Solana and other non-EVM blockchains. 

Users retain full control of their keys and can connect Ledger devices for added security. 

However, MetaMask has been a frequent target for phishing and malicious browser extensions. A Chainalysis report highlighted that nearly 500 MetaMask wallets were compromised in a single day in late 2024. 

While the wallet itself is secure, users must exercise caution when installing extensions or interacting with unknown sites.

• Supported chains: Ethereum, EVM networks, Solana (via Snaps), Bitkub Chain (manual setup)
• Key features: dApp integration, DeFi access, NFT support
• Security: Private keys on device; hardware wallet integration
• Caution: Frequent phishing attacks via fake sites and extensions
• Mobile: iOS & Android apps available
• Released: 2016

Coinbase Wallet

Coinbase Wallet is a versatile, non-custodial mobile and browser wallet that’s gaining solid traction among Thai users in 2025, thanks to its seamless integration with the Coinbase exchange for easy THB on-ramps and its support for exploring DeFi and NFTs.

Built for beginners and pros alike, it lets you send, receive  and swap across multiple chains while maintaining control of your keys, making it a go-to for Thailand’s retail traders dipping into multiple ecosystems amid the January 2025 tax exemption. 

With features like ENS domain support and built-in dApp browsing, it’s particularly handy for EVM-based activities popular on local platforms like Bitkub.

• Supported chains: Ethereum, EVM networks (Polygon, Optimism), Solana, Bitcoin, Base, and 100+ others
• Key features: In-app swaps, staking, NFT management, ENS names, dApp browser
• Security: Private keys stored locally; hardware wallet integration (Ledger/Trezor); cloud backup without seed exposure
• Mobile: iOS & Android apps available
• Released: 2018

Electrum

Electrum is a Bitcoin-focused non-custodial wallet that’s popular in Thailand among BTC holders who dominate local trading volumes on exchanges. 

In 2025, its open-source design and low resource demands make it a favorite for privacy-minded traders avoiding mobile apps, with easy setup for watch-only monitoring and multi-signature setups to safeguard holdings during P2P transfers or remittances. 

While Bitcoin-centric, it pairs well with hardware devices for cold storage, appealing to long-term HODLers in Thailand’s maturing BTC scene.

• Supported chains: Bitcoin (BTC) only
• Key features: Multi-signature support, watch-only mode, customizable fees, hardware integration
• Security: Non-custodial with local key storage; open-source; resistant to online attacks via SPV verification
• Mobile: Android app available (desktop primary)
• Released: 2011

Zengo

Zengo is emerging as a top pick for Thai crypto newcomers in 2025, thanks to its keyless security model using Multi-Party Computation (MPC) that eliminates seed phrases altogether, making it suitable for environments where phishing targets traditional wallets. 

This self-custodial app supports buying, swapping, and staking over 120 assets with biometric recovery, making it user-friendly for mobile-first Thais exploring stablecoins like USDT.  Its built-in exchange features via partners like MoonPay add convenience without compromising control, positioning it as a bridge between exchanges and personal use.

• Supported chains: Bitcoin, Ethereum, 120+ assets including major EVM and non-EVM networks
• Key features: In-app purchases/swaps, staking, NFT support, portfolio analytics
• Security: MPC cryptography (no private keys or seeds); 3FA recovery; biometric authentication
• Mobile: iOS & Android apps available
• Released: 2018

Phantom

As of 2025, Phantom wallet on Solana has more than 15 million monthly active users and over $25 billion in assets under self-custody. 

Beyond Solana, it now supports Ethereum, Bitcoin, Polygon, Base, and Sui. Thai-language tutorials and guides are widely available, making it beginner-friendly. The wallet offers a clean dashboard, cross-chain swaps, liquid staking with PSOL, and an NFT gallery with spam filtering. 

In-app purchases through MoonPay and Robinhood Pay also add to the experience. For security, Phantom integrates seamlessly with Ledger devices, making it a trustworthy choice for all users.

For Thai users active in DeFi and NFTs, Phantom’s Ledger connectivity & multichain support make it a secure, versatile choice.

• Supported chains: Solana, Ethereum, Bitcoin, Polygon, Base, Sui
• Key features: Cross-chain swaps, liquid staking (PSOL), NFT gallery
• Security: Ledger hardware wallet integration; spam filtering
• Popularity: 15M+ monthly active users globally
• Mobile: iOS & Android apps available
• Released: 2021

Trust Wallet

Trust Wallet is a popular software wallet in Thailand, and supports 70+ blockchains, offers an in-app dApp browser, and is simple enough for newcomers while still powerful for advanced users. Trust Wallet hosted its first Thailand community meetup in May 2025, signaling a growing user base for multichain users and their privacy-focused needs. 

Its open-source design and huge coverage make it ideal for those holding multiple assets. Trust Wallet doesn’t require account registration, which is a plus for privacy-conscious Thai traders.

However, users should be cautious of phishing scams that have targeted Trust Wallet earlier, such as a February 2025 email campaign impersonating Trust Wallet to trick users into revealing recovery phrases via fake 2FA setup pages. In April 2023, Trust Wallet disclosed a WebAssembly vulnerability in its Wallet Core library affecting browser extension wallets created between November 14 and 23, 2022, which led to two exploits and nearly $170,000 in losses, though the issue was promptly patched and affected users were fully reimbursed.

Trust Wallet also doesn’t require account registration, which is a plus for privacy-conscious Thai crypto traders. Its open-source design and huge coverage make it ideal for those holding multiple assets but this efficiency comes at the cost of being more protective about your assets.

• Supported chains: 70+ blockchains (BTC, ETH, BNB Chain, Solana, etc.)
• Features: dApp browser, swaps, staking
• Security: Non-custodial; integrates with hardware wallets
• Mobile: iOS & Android apps available
• Released: 2017

Solflare

Solflare, developed by Solana Labs, is another wallet strongly recommended for Thai users focused on the Solana ecosystem. It supports SPL tokens, NFTs, and DeFi protocols, with both native and liquid staking built-in. 

Token swaps are powered by Raydium, and the wallet is available on both browser and mobile.

For SOL-focused traders in Thailand, Solflare remains one of the most reliable options.When paired with a Ledger device, Solflare gives Thai users the ability to manage Solana assets on Ledger Live with hardware-level security, combining convenience with maximum protection.

• Supported chains: Solana (SPL tokens, DeFi, NFTs)
• Features: Native + liquid staking, Raydium swap
• Security: Ledger hardware wallet integration
• Mobile: iOS & Android apps available
• Released: 2020

Software Wallet Comparison

Best Custodial Wallets of Thailand in 2025

Thai investors often use exchanges to buy and trade crypto. While convenient, these platforms control your private keys and are vulnerable to hacks and regulatory actions. 

Bitkub

Bitkub is Thailand’s largest homegrown exchange and remains the go-to platform for most local traders. It lists over 200 cryptocurrencies across 210 markets, making it the widest selection in the country. 

Trading fees are at 0.25% flat. Deposits in Thai Baht via bank transfer are free and typically clear within a couple of hours, while withdrawals cost 20 THB for amounts under 100k, 75 THB for 100k–500k, and 200 THB for 500k–2 million.

All customers must complete KYC and dip-chip verification (chip scanning of your Thai ID card) before trading. Limits increase with higher verification levels, from 2 million Baht up to 50 million per day. 

Bitkub also offers a mobile app, 24/7 support, and features like dollar-cost averaging (DCA) for long-term investors. Bitkub also joined the TouristDigiPay project, which promotes tourist-friendly crypto payments to support Thailand’s digital economy. 

Ledger’s 2025 collaboration with Bitkub has expanded accessibility, listing devices on the Bitkub Academy shop. Looking ahead to 2025 and beyond, the Ledger x Bitkub partnership will roll out educational broadcasts, in-depth content, and quiz campaigns to further raise awareness among Thai crypto enthusiasts.

Bitazza

Bitazza is a Thai SEC-licensed exchange that supports around 90–200 coins, depending on market listings. Trading fees are 0.15% maker / 0.25% taker. 

Deposits in crypto are free, while fiat withdrawals to Thai banks typically cost 20 THB. Large institutional deposits above 950,000 Baht (or ≈ USD 30k+) can also be handled through the platform’s banking partners.

KYC is required, with three levels of verification that affect daily withdrawal limits. Bitazza offers a user-friendly mobile app, an OTC desk for large transactions, and extra perks like an NFT marketplace and a Freedom Visa card for converting crypto into THB before spending. This is because Thailand’s regulation status on crypto spending is still prohibited.

Orbix (formerly Satang Pro)

Orbix, previously known as Satang Pro, has been a trusted Thai exchange for years and lists around 50 major coins paired with THB and charges a straightforward 0.25% trading fee. 

Fiat deposits are free, while THB withdrawals cost 20 THB; crypto withdrawals depend on network fees.

The platform requires full KYC and is regulated by the Thai SEC. Orbix emphasizes compliance and security, with three ISO certifications, SSL encryption, 2FA, cold storage, and regular security audits. The mobile app makes onboarding easy, but as a custodial exchange Orbix still holds user keys, so larger amounts should be transferred to a private wallet.

Upbit Thailand

Upbit, the Thai branch of Korea’s largest exchange, lists 150–167 cryptocurrencies across more than 220 markets. It charges 0.25% on Baht pairs and 0.20% on crypto-only pairs, keeping it competitive with local rivals. Depositing THB via bank transfer is free, while withdrawal fees vary by asset (e.g., ~0.0008 BTC).

The platform is licensed by the Thai SEC and uses a tiered KYC system, where higher verification unlocks larger fiat limits. Upbit Thailand is popular with mobile-first users thanks to its sleek app, real-time alerts, and strong liquidity backed by the global Upbit brand. 

It also offers staking for coins like ETH, SOL, ADA and ATOM with yields up to 17%, making it attractive for users who want passive income. 

However, Dunamu, Upbit’s parent exchange in South Korea faced regulatory suspension from the FIU due to widespread KYC violations.

Best Non-Custodial Wallet in Thailand for 2025

Non-custodial wallets give you direct ownership of your crypto, unlike exchange accounts where the platform controls your keys. For crypto users, the safest choice is a hardware wallet because it keeps your private keys offline and away from hackers.

Ledger hardware wallets combine the convenience of everyday crypto use with bank-grade offline protection. Paired with the Ledger Live app, Thai investors can buy, sell, swap, stake, set up recurring investments (DCA), and even manage NFTs, all while ensuring private keys never leave the device.

Ledger Devices

Ledger devices are built with Secure Element chips, the same type of technology used in passports and payment cards, making them highly resistant to malware or phishing attacks. This means your assets stay under your control, regardless of what happens to an exchange or app.

The Ledger Live app works seamlessly on Windows, Mac, Linux, iOS, and Android. For Thai users, it supports local payment methods and Thai Baht (THB) on-ramps through integrated partners, making it easy to fund your wallet without relying on foreign accounts.

In Thailand, Ledger devices can be purchased through a network of official resellers, both in physical stores and online. 

Shoppers can also find them at B2S Mega Bangna in Samut Prakan, as well as at Dot Life branches including Central World, Siam Paragon, Central Festival Phuket, and Tech House by .Life at One Bangkok, or via Dotlife.store. 

Other authorized outlets include Groov.asia, JIB, and King Power at Suvarnabhumi Airport. For convenient online shopping, Ledger is also available on Lazada, Shopee, while SiamBC serves as another trusted Thai reseller. 

Wholesale distribution has launched offline in four premium retailers across six stores (five in Bangkok, one in Phuket), with stage-two expansion planned based on performance.

Non Custodial / Custodial Wallet (Exchanges) in Thailand: Comparison Table 2025

Best Crypto Wallet for Beginners in Thailand for 2025

The best crypto wallet for Thai users is the one that matches your goals and trading habits. NFT and DeFi enthusiasts active on Solana may prefer wallets like Phantom or Solflare, while those focusing on Bitcoin often choose Exodus for its simplicity and multi-asset support.

Ledger devices paired with the Ledger Live app cover all major needs in one place, from swapping and staking to managing NFTs while keeping your assets secured offline.

For traders more interested in convenience and short-term moves, custodial exchanges licensed in Thailand such as Bitkub, Bitazza, Orbix, or Upbit Thailand may also be worth considering. 

Just remember: with custodial platforms, the exchange holds your keys, so long-term investors should move funds to a non-custodial wallet for greater safety.

Conclusion

Thailand’s crypto ecosystem is maturing with bank-affiliated exchanges, stricter SEC oversight, deeper local liquidity and crypto-friendly tourism avenues, making it easier than ever to start navigating DeFi and web3. 

But none of that replaces basic operational security: storing long-term funds securely and having full control over your financial assets. 

Rapid crypto adoption makes secure self-custody not just an option, but a necessity.

Seeing as how Thai organizations face ~3,000 cyberattacks per week, it is important to use a secure wallet like a Ledger device that comes with Clear Signing capabilities on a Secure Touchscreen and verify every transaction you sign. 

The government’s tighter oversight of exchanges and custodial platforms spotlights one key truth: your safest path is still to hold your own private keys. With Ledger’s next-gen devices, Ledger Stax and Ledger Flex, you gain unmatched offline protection alongside the convenience of Ledger Live, letting you buy, swap, stake, and manage crypto assets in Baht (THB) while retaining complete control and giving you the confidence to surf web3 with complete peace of mind. 

If you follow the playbook having self-custody for storage and hardware-secured signing in between, you’ll be set up to explore DeFi and NFTs in Thailand without putting your keys (or your Baht) at unnecessary risk.

In our series of Country Guides, Ledger Academy walks you through the steps of how to buy, sell, and hold crypto assets safely and securely in various jurisdictions across the globe.

We also take a look at other aspects of crypto like top crypto wallets in different regions, the regulatory landscape, the state of secure self custody, and any potential tax implications of owning crypto.

For similar guides covering other regions, check out our comprehensive crypto guides for South Korea, USA, and Germany.