Best for buyers · cheapest BUY
HTX
฿33.85
HTX (formerly Huobi) runs a smaller P2P market than the top 3 but absorbed Russian volume after the Bybit/Binance bifurcation. Spreads can widen during off-peak hours, making it a useful arbitrage venue.
OpenRate
P2P Live
Live · refreshes every 5 min
Best P2P Exchange for THB 🇹🇭
The live winner-takes-all USDT/Thai Baht P2P recommendation. Real numbers from Thailand merchants, no affiliate rankings.
Best for sellers · highest SELL
BingX
฿34.06
BingX P2P is a relatively new entrant — often hosts the cheapest BUY-side price when merchants run promotional spreads. Smaller liquidity than the top 3, but worth checking on price-sensitive trades.
All exchanges quoting USDT/THB
Ranked by combined ad volume. The cheapest BUY price (best for buyers) is highlighted; same for the highest SELL price.
| # | Exchange | Best BUY | Best SELL | Ads (24h) |
|---|---|---|---|---|
| 1 | HTXCHEAPEST BUY | ฿33.85 | ฿32.58 | 601 |
| 2 | BingXHIGHEST SELL | ฿36.70 | ฿34.06 | 238 |
How to use this winner data
- Identify your side.Buying USDT? Pick the cheapest-BUY winner. Selling USDT? Pick the highest-SELL winner. They're often different exchanges.
- Click into the merchant. The headline price is TOP1 — the next ad may be 0.1-0.5% worse. For larger trade size, scan the top few ads on the per-exchange page.
- Verify completion rate ≥98%.No matter how cheap, never trade with a merchant under 95% completion or with fewer than 1,000 orders. The biggest risk on P2P isn't price — it's the rare bad merchant.
- Use the right payment rail. In Thailand, PromptPay is dominant. Thailand's instant-payment rail; near-universal in Thai banking; sub-30-second settlement.
Frequently asked questions
Which is the best P2P exchange for THB?+
By cheapest BUY price right now (best for buyers): HTX at ฿33.85. By highest SELL price (best for sellers): BingX at ฿34.06. The "best" depends on which side of the trade you're on. Refreshed every 5 minutes; if you're trading shortly, check the current numbers above.
Why is this exchange the cheapest for USDT/THB?+
HTX HTX (formerly Huobi) runs a smaller P2P market than the top 3 but absorbed Russian volume after the Bybit/Binance bifurcation. Spreads can widen during off-peak hours, making it a useful arbitrage venue. The "cheapest BUY" status is live — it can change minute by minute as merchants reprice. The page refreshes every 5 minutes.
Is USDT/THB P2P trading legal in Thailand?+
Yes. SEC Thailand regulates crypto exchanges under the Digital Asset Business Royal Decree (2018); ~10 Thai exchanges are licensed. Bank of Thailand restricts crypto as payment for goods/services but trading is legal. P2P trading isn't separately licensed but operates within the broader framework.
Why is PromptPay so dominant in Thai P2P?+
PromptPay is Bank of Thailand's instant-payment rail launched in 2017 — near-universal adoption, sub-30-second settlement, free between individuals. Thai P2P merchants overwhelmingly require PromptPay because settlement-time risk is essentially zero.
Are these recommendations affiliate-influenced?+
No. OpenRate doesn't have referral deals with any of the 9 exchanges we track. The "best" winner is purely whoever has the cheapest live BUY (or highest SELL) price right now, no rankings adjustment, no editorial weighting.
How often does this 'best for THB' page update?+
Every 5 minutes. Direct-crawled exchanges (Binance, Bybit, OKX, HTX, KuCoin) refresh every 60 seconds; reference exchanges (Bitget, MEXC, Gate, BingX) refresh every 30 minutes via p2p.army's aggregate.