What are cryptocurrency exchanges?
Cryptocurrency exchanges are platforms that facilitate the buying, selling, and trading of digital assets like Bitcoin, Ethereum, and altcoins. They come in two main types: centralized exchanges (CEX) and decentralized exchanges (DEX). Centralized exchanges, such as Binance and Coinbase, are managed by a central authority and typically offer high liquidity, user-friendly interfaces, and advanced trading options, but require user verification and pose security risks due to central control. Decentralized exchanges, like Uniswap, operate without intermediaries using blockchain technology, offering greater privacy and lower hacking risks but often with lower liquidity. These exchanges support various order types, provide tools for analysis, and charge fees for transactions, playing a crucial role in the digital asset ecosystem by enabling easy access and fluid trading of cryptocurrencies.

Best Cryptocurrency Exchanges in Thailand

1. Binance
Intro: Binance, one of the largest and most well-known cryptocurrency exchanges globally, also holds a significant presence in Thailand. Renowned for its comprehensive range of trading options and services, Binance offers spot, futures, and margin trading, along with staking and its own decentralized exchange (DEX). The platform is known for its high liquidity and robust security measures, making it a preferred choice for both novice and experienced traders in Thailand​.
Advantages of Binance:
High Liquidity: Ensures smooth execution of large trades without significant price fluctuations.Wide Range of Services: Includes spot, futures, and margin trading, along with earn and a Binance web3 wallet.Robust Security: Implements advanced security protocols and 24/7 customer support.
2. Bybit
Intro: Bybit is a rapidly growing cryptocurrency exchange that has become popular in Thailand for its user-friendly interface and advanced trading features. It offers a wide array of cryptocurrencies and supports futures trading with leverage options. Bybit stands out with its competitive fees and extensive security measures, catering to both beginner and professional traders​​.
Advantages of Bybit:
Low Trading Fees: Offers competitive fees, making it cost-effective for frequent traders.Advanced Trading Options: Supports futures trading with leverage up to 100x.Strong Security: Maintains a $400 million security fund and provides proof of reserves.
3. Bitkub
Intro: Bitkub is Thailand’s leading local cryptocurrency exchange, fully regulated by the Thai SEC. It provides a secure and reliable platform for trading a variety of digital assets. Based in Bangkok, Bitkub is known for its strong compliance with local regulations, extensive customer support, and user-friendly platform, making it an excellent choice for Thai residents​​.
Advantages of Bitkub:
Local Regulation: Fully compliant with the Thai SEC, ensuring a secure trading environment.User-Friendly Interface: Easy to navigate, suitable for both beginners and experienced traders.Local Payment Options: Supports a variety of THB deposit and withdrawal methods.
4. OKX
Intro: OKX, based in Hong Kong, is a prominent cryptocurrency exchange that serves a large user base in Thailand. Known for its extensive range of digital currencies, advanced trading features, and competitive fees, OKX is a reliable choice for Thai investors. The platform also offers unique features like futures trading, options trading, and an NFT marketplace​​.
Advantages of OKX:
Diverse Asset Offerings: Supports over 300 cryptocurrencies and various staking options.Advanced Trading Features: Includes futures and options trading.Competitive Fees: Low trading fees and free THB deposits.
5. Gate.io
Intro: Gate.io is well-regarded for its vast selection of altcoins, offering over 1,700 different cryptocurrencies. This makes it an attractive option for traders looking to diversify their portfolios. The platform also provides competitive transaction fees and advanced trading tools, such as automated bots, catering to both novice and experienced traders in Thailand​​.
Advantages of Gate.io:
Extensive Cryptocurrency Selection: Over 1,700 digital assets available for trading.Competitive Fees: Low transaction fees, making it affordable for frequent traders.Advanced Trading Tools: Includes features like automated trading bots.

When choosing a cryptocurrency exchange, consider the following: ensure the exchange is regulated and offers robust security features like two-factor authentication and cold storage. Compare trading, deposit, and withdrawal fees. Verify the range of supported cryptocurrencies to ensure your preferred coins are available. Look for a user-friendly interface and mobile app, along with quality customer support. Check for advanced trading features like margin and futures trading, and ensure the platform has high liquidity for better trade execution. Confirm the exchange supports convenient deposit and withdrawal methods and is available in your region, complying with local regulations. Lastly, read user reviews and assess the exchange's reputation in the crypto community.

#EarnFreeCrypto2024 #BinanceEarnProgram #cryptoexchange #CryptoTradingGuide

#Write2Earn A Polygon Foundation-linked wallet recently transferred 9 Mln #MATIC to Binance, a leading #cryptoexchange , amid a price drop.STORY HIGHLIGHTSA #Polygon Foundation-linked wallet shifted 9 million MATIC to Binance.The recurring $MATIC deposits to Binance has piqued interests globally.The MATIC price traded in red today, aligning with the significant dump.In an exhilarating turn of events, a wallet linked to the Polygon Foundation recently transferred 9 million MATIC, the native cryptocurrency of Polygon, to Binance, one of the world’s leading cryptocurrency exchanges, garnering noteworthy attention globally. As per on-chain metrics spotlighted by the tracking platform Spot on Chain, the unknown wallet, 0x57f1ad8d…89a15de3b1, shifted MATIC worth $7.75 million to the CEX mentioned above, slightly pushing the price down, per the data.Meanwhile, the MATIC price traded in the red today, aligning with the significant offloading of tokens to Binance. Intriguingly, the blockchain tracking platform Whale Alert also highlighted this transfer, although the platform claimed the wallet address was unknown.MATIC Dumps To Binance: A Recurring PhenomenonAccording to the data revealed by Spot on Chain, Polygon’s transfer of MATIC to Binance has become quite prevalent across the vast sea of crypto ever since the above-mentioned wallet address received a staggering 240 million tokens from a Polygon Foundation contract on August 25, 2022. Subsequently, the address has shifted 17 million MATIC to Binance at an average of $0.802 since June 5 last year, to date.Concerning this, the data provided also sheds light on a substantial 15.5 million MATIC, which was shifted to Binance by two wallets linked to Polygon in the past 5 days. This, additionally, appears to have piqued crypto market traders’ and investors’ interests, as even a previous similar transfer slightly drove the price south.In the interim, it still holds 218 million coins, worth roughly $186 million, with 210 million kept under Polygon Staking, birthing additional inferences for future dumps and their potential negative impacts on MATIC’s price.MATIC Price TumblesAs of writing, MATIC’s price showcased a drop of 1.86% over the past 24 hours and is currently trading at $0.8586. The token’s market cap and 24-hour trading volume also portrayed a decline today, dropping 1.85% and 16.47%, respectively.Notably, the token’s negative run today appears to be falling in line with the significant offloading mentioned above. However, as per charts by Trading View, the token gradually gained an upward movement eventually as of press time, brushing aside the chances of dipping below the $0.85 mark. However, crypto market fanatics seem to be extensively eyeing the token, as usual market sentiments revolve around a potential price drop following significant dumps to exchanges.#TrendingTopic

The authorities claimed the exchanges allowed cybercriminals to flout anti-money laundering measures.

Nine digital currency exchanges allegedly aiding and abetting cybercriminals had their domains seized by the United States Federal Bureau of Investigation (FBI) and Ukrainian law enforcement.

According to a May 1 press release, the FBI’s Detroit Field Office and the National Police of Ukraine “conducted coordinated, court-authorized activity” that resulted in the shutdown and seizure of the domains of nine virtual currency exchange services.

The seized domains included the websites 24xbtc.com, 100btc.pro, pridechange.com, trust-exchange.org and bitcoin24.exchange. Each reportedly offered entirely anonymous digital currency exchange services to their users, skirting many of the rules and regulations required of licensed crypto exchanges.

Anyone attempting to access these websites will see a seizure notice from the authorities.

The trust-exchange.org webpage following the action. Source: trust-exchange.org

The FBI noted the exchanges, which offered services in both English and Russian, featured “lax” anti-money laundering measures and collected minimal KYC information or “none at all.”

The Bureau claimed these kinds of rogue, unlicenced exchanges “serve as important hubs in the cybercrime ecosystem.”

According to the agency, many of these virtual currency exchanges were “advertised on online forums dedicated to discussing criminal activity.”

“Much of the criminal activity occurring at the affected exchanges involved cyber actors responsible for ransomware, but also other scammers, and cybercriminals.”

The FBI has been involved in a number of cryptocurrency-related issues over the past few months.

source: cointelegraph

#bitcoin #cryptoexchange #crypto #Regulation #moneylaundering

Disclaimer

The views and opinions expressed by the author, or any people mentioned in this article, are for informational purposes only, and they do not constitute financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.

#Write2Earn Pro-crypto candidate Gibran Rakabuming Raka's victory as Indonesia's VP paves the way for blockchain and digital economy advancements.STORY HIGHLIGHTSGibran and Prabowo secure 58% votes, promising digital economy shift.Indonesia's national #cryptoexchange marks a strategic regulatory move.Gibran aims to bridge digital divide, enhancing youth's tech opportunities.The pro-crypto candidate Gibran Rakabuming Raka, backed by presidential candidate Prabowo Subianto, won by a majority in the previous election. The win by the duo is a turning point for the country’s emerging digital economy that will open new frontiers for the youth to look forward to blockchain and cryptocurrency opportunities.Crypto-Friendly Candidate winsThe duo took more than 58% of the vote in the presidential contest, based on unofficial results. In addition to representing the voters’ love for the change, this triumph is somewhat the coming era of the changes that Indonesia may face in digital and economic policies. The son of the current president Joko Widodo and mayor of Surakarta, Gibran has been outspoken about his desire to capitalize on the opportunities that blockchain and cryptocurrencies provide for the younger generation of the country.Gibran’s way of digital innovation integration into the Indonesian economic environment points out the up-to-date approach to using digital globalization. His dedication to creating a competent labor force in the areas of blockchain, crypto, artificial intelligence, and cyber security is a true reflection of his aspiration to make Indonesia a leader in the digital era.Bridging the Gap in the Digital DivideIn addition, the outcome of the elections reflects a general embrace and excitement of the digital technologies by the Indonesians. The proposal of Gibran to educate and grow talents in advanced industries is a strategic step to narrow the digital divide and make Indonesia to stay competitive globally. Moreover, the emphasis on digital literacy and skills is anticipated to bring in large opportunities to the country’s youth and subsequently promote innovation, enterprise, and economic growth.Regulatory Framework and Crypto #exchange The win also comes at a period of time when Indonesia is adjusting its position on the cryptocurrency and blockchain technology. However, despite the country’s conservative attitude towards digital currencies, the national cryptocurrency exchange which was launched in July 2023 is a big step in the direction. This platform, overseen by Indonesia’s Commodity Futures Trading Supervisory Agency (Bappebti), is the only legal marketplace for the trading of digital assets in the country, highlighting the country’s endeavor to standardize and protect cryptocurrency #transactions .Indonesia’s appeal as a digital asset innovation and investment hub will be bolstered by the creation of a national cryptocurrency exchange and a new administration with friendly crypto policy. Nonetheless, it is evident that even if the conversion of cryptocurrencies is allowed the using of them as a payment instrument to pay for goods and services is restrained, which stresses to a cautious and smooth integration of digital currency.#BTC

#BinanceTournament Leading cryptocurrencies like Bitcoin and Ether traded flat over the past week even after #cryptoexchange giant Binance agreed to a record $4.3 billion settlement with U.S. authorities, according to analysis by research firm K33.Analysts said the landmark agreement unveiled on November 21st showed sanctions violations and illegal money transfers but no mishandling of client funds. As such, it poses little risk of spreading contagion across digital asset markets, as happened amid the #ftx implosion last year.“The settlement has nothing to do with mishandling customer funds and won’t have any contagious effects in the future,” wrote K33 senior analyst Vetle Lunde and vice president Anders Helseth in the latest market update.Bitcoin and Ethereum prices remain buoyant at around $38,000 and $2,000, respectively, in the days after regulators publicized years-long investigations into Binance’s anti-money laundering procedures and sanctions compliance. The relatively muted impact affirms that Binance’s transgressions seem isolated rather than systemic.BNB plunged amidst Binance dramaHowever, the firm’s $BNB token did shed nearly 14% following the announcement of the costly settlement that cements a pivot away from the U.S. market. Binance founder Changpeng Zhao also stepped down as chief executive while retaining a substantial ownership stake.But Lunde and Helseth contend that Binance, boasting over 120 million users globally, still represents a pillar of crypto infrastructure likely to rebound in 2024, even with its American operations winding down.“Binance’s strong user base points towards Binance remaining a cornerstone of the crypto market structure as we advance into 2024,” the K33 report concluded.That said, the researchers highlighted that Binance already experienced a slipping market share in 2022 amid intensifying regulatory attention. Its portion of non-U.S. exchange volumes sank below 45% from around 70% previously, based on data from research firm The Block.For now, crypto markets seem reassured by the scope of penalties levied exclusively against Binance, rather than foreshadowing another existential crisis. Only the coming months will reveal whether depleted consumer confidence or frozen assets destabilize the #exchange itself, despite its towering status and still unmatched scale.#Wormhole

#BONK The $BONK crypto has gained notable traction with a 750% monthly surge, surpassing other top meme coins like $DOGE & $SHIB .Bonk, a cryptocurrency functioning atop the #Solanaecosystem , garnered noteworthy attention within the broader crypto market on Saturday following a substantial drop in its price trajectory. The token that was initially fashioned as a meme coin surged phenomenally over the past few days, amassing bullish sentiments among market traders and investors globally. However, the current drop in the token’s price has fueled speculations orbiting Bonk’s price horizon among market enthusiasts.Furthermore, the price drop noted by Bonk comes amid a gust of developments witnessed by the token’s community. With its recent listing chronicle, Bonk further embarks on its cryptographic venture, emerging among the top meme coins in the market.Bonk’s Listing ChronicleThe Solana-backed token propelled further within the broader crypto market recently as Coinbase, a leading #cryptoexchange , announced the commencement of BONK trading on its platform. The announcement reportedly surfaced on the crypto horizon on Thursday, December 14. In addition, with the announcement gaining traction, the BONK price noted a significant surge on Thursday.Moreover, apart from its listing on Coinbase, the token was further jacked up by Binance, another eminent crypto exchange. Binance, building support for the token, announced zero-fee trading for BONK on its platform. Following the announcement, the token was integrated into Binance Covert, a trading tool for users on the platform.Meanwhile, the token also positioned itself among the top meme coins as it advanced further within the market.Furthermore, the cryptocurrency’s parent token, Solana, also amassed significant attention within markets, surpassing Ethereum in 24-hour DEX volume today.Bonk Surpass DOGE & SHIB’s Trading VolumeAs of writing, the Bonk price recorded a substantial drop of 16.76%, currently trading at $0.00002473. However, the token’s weekly trajectory portrayed an upswing of 73%, accompanied by a monthly surge of around 750%.Notably, the market volume of the meme coin was down 27.78% to $1.2 billion. Despite the decline in its trading volume, it has attained notable traction surpassing the last 24 hours of the top two memecoins Dogecoin and Shiba Inu. Simultaneously, the DOGE price added 17% over the last 30 days, while the SHIB price soared nearly 12% in the same time frame.Besides, the Solana price also noted a fall of 5.38%, currently resting at $74.59. With its weekly trajectory showcasing a plunge of 3%, the token’s market performance contrasted with Bonk’s price in recent days.#BinanceTournament 🗣🗣Empower Our Mission: Tips For Dedicated Service. 🗣🗣👉Users are encouraged to support the mission by offering generous tips.🗣This empowers creators to work even harder, ensuring the continued delivery of top-notch investment advice. #SATS @WISE CRYPTO NEWS

#Write2Earn A collective review of staggering chronicles and developments witnessed throughout the cryptocurrency landscape this week.In a noteworthy gust of developments, the crypto realm appears to be marking a tempest of strides as this week ends. With the recent inception of spot Bitcoin #ETFs within the broader crypto market, market sentiments appear to be taking an exciting turn. Whereas, Binance, a #cryptoexchange prominency, issued several substantial notices for its users this week. Meanwhile, the Terra classic #community fostered additional efforts to jack up the $LUNC and $USTC tokenomics.Aligning with these, some of the top headlines that sparked curiosity across the crypto horizon are as follows:#BitcoinETFs! ’ Burgeoning PopularityAnother week ends since the inception of spot Bitcoin ETFs within the U.S. trading landscape. Market charts illuminate a colossal surge in the popularity of these ETFs promptly, post-inception.Aligning with this, the net inflows continued to surge this week, followed by an upswing noted in the ETFs’ collective trading volume. BlackRock, Fidelity, and Bitwise appear to be corking the best ETF service providers list, attracting investors across the United States.Meanwhile, Hong Kong is setting its sights on seeking approval for the nation’s first Bitcoin ETF. Venture Smart Financial Holdings Ltd, a financial services provider, shared plans for the same this week.Binance Sparks InferencesBinance, the world’s leading cryptocurrency exchange, issued several important notices to its users this week. The platform recently added Manta Network to its collection as Manta Pacific’s TVL surpassed $800 million. Furthermore, it added a DOGE perpetual contract to its collection, offering 75x leverage.Notably, the firm also delisted specific $BTC , ETH, and BNB spot trading pairs, and on the other hand, announced listing ETC, ENS, and TIA in FDUSD & USDC pairs. Simultaneously, the firm announced its debut in Thailand, facilitated by Gulf Binance.With this, another week ends for Binance with a cyclone of breakthroughs witnessed.Terra Classic Fuels SpeculationsAs per numerous reports by CoinGape Media over the past week, the Terra community appears to be building additional support for its tokens. The community recently revealed plans to introduce an “investigate EVM functionality” proposal. With this, Terra eyed an advanced station wallet, garnering significant attention globally.However, the community refused the proposal following a voting chronicle. Aligning with this, Allnodes stated in a memo, “Even with a focus on a compiler only, the near-term cost for research and development, but also potential long-term maintenance cost remains unclear. An assessment of this should be done before considering a positive signal for funding.”Meanwhile, the community also announced a core security package upgrade.🗣🗣Empower Our Mission: Tips For Dedicated Service. 🗣🗣👉Users are encouraged to support the mission by offering generous tips.🗣This empowers creators to work even harder, ensuring the continued delivery of top-notch investment advice.

#RichardTeng Here are the top three news stories over the past day presented to you by U.Today.Important XRP, SHIB announcement made by Japanese #cryptoexchange Yesterday, Nov. 21, BitTrade, a well-known Japanese crypto exchange, made an announcement regarding XRP and Shiba Inu cryptocurrencies. In the announcement, the exchange stated that it commences XRP and Shiba Inu lending starting Nov. 21. According to additional details provided on BitTrade's blog, the loan period for both XRP and $SHIB is 90 days, with an annual rate of 2%. For XRP, the minimum quantity that can be loaned is 100 XRP, and the maximum is 500,000 XRP. When it comes to SHIB, the minimum application is 10,000,000 SHIB, while the maximum is 10,000,000,000 SHIB. As reported by U.Today, last month, BitTrade listed Shiba Inu alongside Dogecoin, broadening its list of supported assets to 34.Cardano (ADA) and Solana (SOL) recognized as securities in new SEC lawsuit against KrakenThe SEC seems to be filing another lawsuit against the Kraken crypto #exchange . As shared by Kraken on its blog, on Nov. 20, the regulatory agency filed a complaint alleging that the platform is operating as an unregistered securities exchange. As a reminder, the SEC categorized Cardano ($ADA ) and Solana ($SOL ), among other cryptocurrencies, as securities in its recent lawsuit. Kraken CEO Dave Ripley rushed to social media to justify his company's stance. In his X post, Riley stated that they strongly disagree with the SEC's claims and plan to "vigorously defend" their position, emphasizing that Kraken does not list securities. The Kraken CEO also pointed to the lack of a clear registration path with the SEC and at the factual inaccuracies in its allegations. "As an industry leader, we will stand up to these allegations and defend the crypto industry’s right to exist in the U.S.," wrote Riley.Bitcoin (BTC) price can break above $220,000 over next 18 months: ReportAccording to a recent forecast by prominent X account "Bitcoin Archive," BTC's price could break through the $220,000 level within the next 18 months. As a reason for such a bold prediction, "Bitcoin Archive" suggested a dive into Bitcoin's history, or, more precisely, to the history of its halvings. Per a screenshot attached to this X post, after each halving (there have been three so far), the #BTC price surged dramatically. After the first one, it went up 94x to hit $800, after the second halving gained 30x to reach $11,000. The previous, third, halving, resulted in the Bitcoin price jumping 6x to touch the $69,000 level. If this rise repeats and the price spikes by 6x once again, Bitcoin may break even higher than $220,000, stated the Bitcoin-dedicated account.#hodl