Crypto offers high profit potential, but it carries equally high risk. The price of Bitcoin has fallen more than 70% from its peak several times, and the value of many small coins has dropped almost to zero.
Main Risks
| Risk | Example |
|---|---|
| High price volatility | Moves of tens of percent up or down within a few days |
| Platform collapse or fraud | The collapse of FTX in 2022 left users unable to withdraw their funds |
| Hacking and phishing | Fake websites, fake apps, and links that trick you into connecting your wallet |
| Pump-and-dump coins and Rug pulls | The coin creator sells off and disappears |
| Leverage | Trading with borrowed money and having your position force-closed |
| Changing regulations | Policy changes in major countries affect prices across the whole market |
Thai Crypto Regulation
Thailand regulates crypto through the Emergency Decree on Digital Asset Businesses B.E. 2561 (2018), with the SEC Office acting as the licensing authority.
- Digital asset exchange operators, brokers, and dealers that serve Thai users must be licensed
- You can check the list of licensed operators on the SEC website and in the SEC Check First app
- The SEC has previously blocked access to overseas platforms that serve Thai users without a license
Tax on crypto profits has details and measures that may change. Check the latest conditions with the Revenue Department or consult a tax professional.
How to Store Your Coins
- Keeping coins on an exchange (Custodial) is convenient, but you must trust the service provider. Choose only licensed ones.
- Your own wallet (Self-custody), such as a Hardware wallet, gives you complete control, but if you lose your Seed phrase, your coins are lost permanently.
- Never tell anyone your Seed phrase or password. No genuine staff member will ask for this information.
- Turn on two-factor authentication (2FA) using an app rather than SMS if you have the choice.
Principles to Consider Before Investing
- Invest only money you can afford to lose entirely without affecting your life
- Start with major coins that you understand before moving on to small coins
- Beware of groups that pitch investments with guaranteed returns or ask you to recruit others in exchange for compensation
- Read Risk Management before trading with real money
For education only, not investment advice. Figures change over time, so check official sources before making decisions.