BrokerTH
Nine days. That’s how long Thai crypto users have before the SEC’s June 28 block of five unlicensed exchanges — Bybit, OKX, CoinEx, and two others — takes effect. If you still have funds or open positions on any of them, this is the final stretch to get your money out cleanly. Here’s the tight, do-it-now checklist.
Why nine days, not later
After June 28, access to these platforms from a Thai connection becomes difficult, and using them puts you on the wrong side of the rules. As the deadline nears, expect heavier withdrawal traffic, possible processing delays, and the platforms themselves potentially tightening withdrawals for Thai users. The safe window is now — not on June 27.
The checklist
- 1. Inventory everything. List every coin and amount on Bybit, OKX, CoinEx, and any of the named platforms — including funds in staking, savings, or earn products that take time to unlock
- 2. Unstake and unlock early. Anything in a locked product needs to be released before you can withdraw. Start this first — it can take days
- 3. Pick your destination. Either a self-custody hardware wallet (for long-term holdings above THB 500,000) or a Thai SEC-licensed exchange (Bitkub, Binance TH, Bitazza) if you want to keep trading with the tax exemption
- 4. Test with a small transfer. Send the network minimum first, confirm it arrives, then send the rest. A wrong address or wrong network loses the funds permanently
- 5. Match the network exactly. USDT on Tron (TRC20) is cheapest; Ethereum (ERC20) costs more. Sending on the wrong network is the most common way people lose money
- 6. Record every transaction. Save withdrawal confirmations, transaction IDs, dates, and values for your tax records
The tax reason to move to a licensed venue
The 2025-2029 capital-gains exemption only applies to trades on SEC-licensed Thai exchanges. Gains realized on a now-blocked offshore platform are taxable as foreign-sourced income on remittance. So if you plan to keep trading, moving to Bitkub, Binance TH, or Bitazza isn’t just about access after June 28 — it preserves your tax-free status on future gains.
What not to do
- Don’t plan to rely on a VPN after June 28 — it’s legally ambiguous and restores neither the tax exemption nor any consumer protection
- Don’t wait until the 27th — congestion and possible withdrawal freezes are exactly what catches people
- Don’t panic-sell at bad prices just to exit — withdraw the crypto itself to self-custody if you don’t want to sell into this weak market
If you only do three things
- Unstake anything locked, today
- Send a small test transfer to your destination, confirm it, then move the rest
- Keep the transaction records for tax
The takeaway
Nine days is enough time to move funds calmly — but not if you wait. Inventory what you hold, unlock anything staked, test your transfers, match networks carefully, and move to self-custody or a licensed Thai exchange before June 28. The cost of doing it now is a few careful minutes; the cost of waiting is stranded funds and a tax headache.
