Complete Guide to Sending Money from China to Thailand Using USDT Stablecoin to Save on Fees

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Introduction

Have you ever been frustrated by the long waiting times and high fees when remitting money from China to Thailand? Traditional bank transfers usually take 1 to 5 business days to arrive. In addition, you have to pay various fees, such as fixed handling fees or proportional charges, which erode your remittance amount.

Now, imagine a completely different way.

Using stablecoin (USDT) for remittance, your funds can be settled within minutes. More importantly, the total cost of this method can be reduced by more than 90%, saving you a considerable expense.

Key Points

• Using USDT to remit money from China to Thailand is fast and low-cost, saving over 90% compared to traditional banks.
• The remittance process is divided into three steps: purchasing USDT in China, transferring USDT via blockchain network, and then selling USDT in Thailand to exchange for Thai Baht.
• Choosing the TRC20 network for USDT transfer allows for faster speeds and lower fees.
• Be sure to carefully verify the recipient address and network during operation; once an error occurs, funds may be permanently lost.
• In mainland China, cryptocurrency transactions carry legal risks, and individuals must bear the responsibility themselves.

Getting Started with USDT Remittance: Principles and Preparation

Before diving into the operational steps, you first need to grasp some basic knowledge. This section will help you understand the principles of USDT, the advantages of remittance, and prepare all the necessary tools for you.

What is USDT Stablecoin?

USDT, also known as Tether, is a special digital currency, which we call a “stablecoin”. Its core feature is that its value maintains a 1:1 peg with the US Dollar (USD). Simply put, 1 USDT is approximately equal to 1 USD. This stability makes it an ideal medium of value exchange, avoiding the drastic price fluctuations of other cryptocurrencies like Bitcoin.

USDT is currently the most widely used stablecoin globally, with huge market liquidity.

Why Use Stablecoin (USDT) for Remittance?

Compared with traditional bank wire transfers (such as the SWIFT system), using stablecoin (USDT) for remittance has revolutionary advantages in speed and cost.

• Fast Settlement Speed: Fund transfers are reduced from several business days to within minutes.
• Low Transaction Costs: On efficient networks, the fee for a single transfer can be less than 1 USD, while traditional bank handling fees and intermediary bank fees can be as high as tens of USD.
• Transparent Exchange Rates: You can directly exchange at market rates, avoiding hidden markups in bank exchange rates.

To give you a more intuitive understanding of its advantages, please see the comparison below:

Overview of the Entire Remittance Process

The entire remittance process can be broken down into three core steps. You will relay funds from one form to another, ultimately arriving safely at the destination.

1. Acquire USDT: In mainland China, you need to purchase USDT with RMB through a compliant C2C (Customer-to-Customer) platform.
2. Cross-Border Transfer: You transfer the purchased USDT from one platform to another platform that supports Thai Baht transactions via the blockchain network.
3. Exchange for Thai Baht: On a local platform in Thailand, you sell USDT to exchange for Thai Baht (THB) and withdraw to your Thai bank account.

Essential Tools Checklist

Before starting the operation, please ensure you have prepared the following tools:

• A smartphone that can normally receive SMS and install Apps.
• Your valid identification document, used to complete identity verification (KYC).
• A bank account in mainland China under your own name, used to purchase USDT.
• A bank account in Thailand under your own name, used to receive Thai Baht.

Step 1: Acquire USDT in China

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This is the starting point of the entire remittance process. You need to exchange the RMB (CNY) you hold into the “USD” of the digital world—USDT. This process is mainly completed through the C2C (Customer-to-Customer) function of cryptocurrency exchanges.

Choose a Cryptocurrency Exchange

First, you need to select a reliable cryptocurrency exchange. You can think of an exchange as a large digital currency market that provides you with a safe place to purchase USDT. A trustworthy platform usually has the following characteristics:

• Good Reputation and Large User Base: This usually means the platform operates stably and is trustworthy.
• Strict Security Measures: The platform should provide multiple security verifications to protect your account and assets.
• Smooth User Experience: A well-designed and easy-to-operate App or website can make your purchase process smoother.
• Supports C2C Trading: Ensure the platform provides peer-to-peer trading functions, which is the mainstream way to acquire USDT in mainland China.

Tip: Before making a choice, you can search online to understand the reviews of different platforms. Choosing a highly praised platform with a long operating history can provide better protection for your fund security.

Complete Account Registration and KYC Verification

After selecting the platform, you need to create an account and complete identity verification. This process is very similar to opening a bank or securities account and is a key step to ensure transaction security.

1. Register an Account: Visit the official website of the exchange or download its official App. You usually need to use a mobile phone number or email to register a new account.
2. Complete KYC Verification: KYC stands for “Know Your Customer”. This is a standard identity verification process that requires you to submit personal information to confirm your identity. You need to prepare your identification document and follow the platform’s instructions to complete the following operations:
   • Fill in your name, ID number, and other basic information.
   • Upload photos of the front and back of your identification document.
   • May need to perform facial recognition verification.

This process not only protects your account security but also effectively prevents illegal activities such as money laundering, and is a standard practice for all legitimate financial platforms.

Purchase USDT Through C2C Trading

After completing identity verification, you can officially start purchasing USDT. C2C trading allows you to directly purchase USDT from another individual user (merchant), with the platform acting as a guarantor and intermediary in the process.

The entire purchase process is very simple:

1. Enter the C2C Trading Area: Find the “C2C Trading” or “Buy Coins” entrance on the platform’s App or website.
2. Filter Merchants: You will see a list containing many merchants willing to sell USDT. You can choose a reliable merchant based on price, trading volume, and positive reviews.
3. Place an Order to Purchase: Enter the amount you wish to purchase (for example, 1,000 RMB), and the system will automatically calculate the corresponding USDT quantity. After confirmation, the platform will generate an order for you.
4. Pay the Merchant: After the order is generated, you need to pay the merchant according to the information provided through the following methods:
   • Alipay
   • WeChat Pay
   • Bank Transfer
5. Confirm Payment and Receive USDT: After completing the payment, click the “I have completed payment” button on the platform. Once the merchant confirms receipt of the payment, the platform will immediately release the pre-locked USDT to your account.

Core Security Guarantee:Escrow Service In C2C trading, the platform provides a key escrow service. When you place an order, the platform will temporarily “lock” the seller’s USDT. Only after you pay and the seller confirms receipt will the platform transfer this USDT to you. This mechanism ensures that the seller cannot back out after receiving the money, greatly protecting your fund security.

Purchase Operation Safety Precautions

To ensure every transaction is safe and sound, please be sure to follow the following safety guidelines:

• Use Your Own Account: Be sure to use your own real-name Alipay, WeChat, or bank account for payment. Do not use someone else’s account to pay on your behalf, otherwise it may lead to transaction failure or asset freezing.
• Do Not Remark Sensitive Words: When transferring, absolutely do not fill in remarks or notes with words like “USDT”, “cryptocurrency”, “Bitcoin”, or any related terms. You can leave it blank or fill in everyday terms like “transfer” or “shopping”.
• Verify Recipient Information: Before payment, carefully check whether the merchant’s recipient name matches the real-name information displayed on the platform.
• Communicate Within the Platform: Try to use the platform’s built-in chat tool to communicate with the merchant. This can retain complete communication records as arbitration evidence in case of disputes.
• Beware of Offline Transactions: Do not conduct private transactions outside the platform. The platform cannot provide any security guarantees for offline transactions.

By following these simple rules, you can safely and smoothly complete the exchange from RMB to USDT, preparing for the next cross-border transfer.

Step 2: Cross-Border Transfer of USDT

Once you have successfully exchanged RMB for USDT, the next step is to transfer these digital USD from the platform in mainland China to Thailand. This process is like an international express delivery; you need to choose the appropriate “logistics network” to ensure funds arrive quickly and at low cost.

Understand the Mainstream Transfer Networks for USDT

USDT can operate on multiple blockchain networks, which you can think of as different highways. The two most mainstream are ERC20 and TRC20.

• ERC20: Based on the Ethereum network. It is very secure and widely used, but the disadvantages are slower speed and high fees. During network congestion, the fee for a single transfer can be as high as 30-35 USD.
• TRC20: Based on the TRON network. Its biggest advantages are extremely fast speed and very low cost. Transactions are usually completed within minutes, with fees generally only 1-2 USD.

To give you a more intuitive understanding of their differences, please see the comparison below:

Withdraw from Exchange to Personal Wallet

To fully control your funds, a recommended safe practice is to first withdraw USDT from the exchange to a “personal wallet” that you control. This is like taking money out of the bank and putting it in your own wallet, where no one else can touch it.

You can choose a non-custodial wallet, which means the private key (equivalent to the wallet’s password) is completely in your custody.

Popular Non-Custodial Wallet Recommendations

Wallet Name	Rating	Main Features
Trust Wallet	4.5/5	User-friendly interface, supports over 35 blockchain networks
Exodus	4.4/5	Beautiful design, built-in trading function, suitable for beginners
Atomic Wallet	4.3/5	Supports multiple mainstream networks, built-in asset exchange function
Coinomi	4.2/5	Supports over 125 networks and 1,700 assets

Directly Withdraw to Thai Exchange

If you pursue a quicker operation, you can also skip the personal wallet step and directly withdraw USDT from the platform where you purchased it to the Thai exchange.

The operation process is very simple:

1. In the Thai exchange App, find the USDT “Deposit” function.
2. Select the correct network (for example, TRC20) and copy your deposit address.
3. Return to the platform where you purchased USDT, enter the “Withdraw” page.
4. Paste the just-copied Thai exchange address, select the exact same network (TRC20), enter the amount, and complete the security verification.

⚠️ Important Tip When withdrawing, please confirm the deposit address and network selection multiple times to ensure they match completely. Once wrong, funds may be permanently lost.

How to Choose a Network to Save on Fees

For the scenario of remitting from China to Thailand, cost and speed are the primary considerations.

In the vast majority of cases, choosing the TRC20 network is your best choice.

Its transfer fees are extremely low (usually 1-2 USD), and the speed is very fast, fully meeting remittance needs. Unless you have special needs to use specific functions within the Ethereum ecosystem, there is no need to pay the high fees of the ERC20 network.

Step 3: Sell USDT in Thailand to Exchange for Thai Baht

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Congratulations, your funds have successfully crossed the border! Now, you have come to the final step of the entire process: safely exchanging the digital world’s USD (USDT) into Thai Baht (THB) that you can use daily in Thailand and depositing it into your local bank account.

Choose a Local Platform that Supports Thai Baht

Choosing a reliable platform to sell USDT is the last barrier to ensuring fund security. In Thailand, you mainly have two types of choices: one is easy-to-operate digital payment platforms, and the other is licensed cryptocurrency exchanges under official regulation.

For users pursuing ultimate convenience, digital payment apps like Biyapay provide a very friendly choice. It simplifies the complex trading process, allowing you to easily exchange USDT for Thai Baht and manage it like using an e-wallet.

However, to obtain the highest level of security and compliance, we strongly recommend that you prioritize operations on licensed exchanges regulated by the Thailand Securities and Exchange Commission (SEC). These platforms not only guarantee fund security but also have better liquidity.

Currently, mainstream licensed exchanges in Thailand include:

• Binance TH: Operated by Gulf Binance, the company has obtained digital asset exchange and brokerage service licenses issued by the Thai Ministry of Finance. It has huge liquidity in USDT and Thai Baht trading.

• Bitkub: As a well-known local exchange in Thailand, Bitkub is widely popular for its user-friendly interface and strong localized services.
  • It is legally registered in Thailand and under official regulation.
  • The platform claims to adopt a "full reserve" mode, ensuring 100% of user deposits are properly safeguarded.
  • Its security rating is as high as 8 points (out of 10), and it is deeply integrated with multiple local Thai banks, making the fiat exchange process very smooth.

Deposit USDT to the Thai Platform

After selecting the platform and completing registration and identity verification, you need to deposit the previously purchased and transferred USDT into this new platform. This process is very simple, but requires extra care.

1. Find the Deposit Entrance: Log in to your Thai platform App and enter the “Wallet” or “Assets” page.
2. Select Coin and Network: Click “Deposit”, then select USDT as the coin you want to deposit. Next, you must select the correct blockchain network. Be sure to choose the network that exactly matches the one you transferred from (for example, TRC20).
3. Obtain Deposit Address: The platform will generate an exclusive USDT deposit address and a corresponding QR code for you. This address is a long string of characters consisting of letters and numbers.
4. Copy Address and Transfer: Copy this address. Then return to the platform or personal wallet where you store USDT, enter the “Withdraw” page, paste this address into the recipient address field. After confirming the network is correct again, enter the amount and initiate the transfer.

⚠️ Security Warning: Address and Network Must Match Completely When depositing and withdrawing, please repeatedly verify your address and network selection. If the networks do not match (for example, withdrawing from a TRC20 address to an ERC20 address), your funds will be permanently lost and cannot be recovered.

Sell USDT to Obtain Thai Baht (THB)

Once your USDT arrives, you can perform the final transaction—selling it to exchange for Thai Baht. This process is called “spot trading” on the exchange.

You just need to find the USDT/THB trading pair, then select “Sell”. Enter the amount of USDT you wish to sell, and the system will display the amount of Thai Baht you can obtain based on the current market price. After confirming it is correct, click sell.

The transaction will incur a handling fee, with different platforms having different charging standards:

• Binance TH: For regular users, the trading fee is 0.10% of the transaction amount.
• Bitkub: The trading fee is uniformly 0.25% of the transaction amount.

For example, if you sell USDT worth 10,000 Thai Baht on Binance TH, the platform will charge 10 Thai Baht (about $0.27 USD) as a handling fee, which will be directly deducted from the Thai Baht you receive. Using stablecoin (USDT) to complete the exchange, its cost is far lower than traditional methods.

Withdraw Thai Baht to Thai Bank Account

After the transaction is completed, you will have a Thai Baht balance in your account. Now, you can withdraw this money to your own Thai bank account.

1. Enter the Withdrawal Page: Find the “Withdraw” function on the platform and select withdraw fiat (Fiat).
2. Bind Bank Account: If this is your first withdrawal, you need to bind your Thai bank account first. You need to provide the bank name, account name, and account number.
3. Enter Withdrawal Amount: Enter the amount of Thai Baht you wish to withdraw.
4. Confirm and Wait for Arrival: After completing security verification, submit your withdrawal request. Funds usually arrive in your bank account within minutes to hours.

There will be a fixed handling fee and certain limits for withdrawal. Taking mainstream platforms in Thailand as examples:

• Withdrawal Fee: Usually 20 Thai Baht per transaction (about $0.55 USD).
• Withdrawal Limit: Up to about 4,000,000 Thai Baht per transaction, with a 24-hour limit of also about 4,000,000 Thai Baht (about $109,000 USD).

These platforms support almost all mainstream Thai banks, such as:

• Kasikorn Bank (KBank)
• Bangkok Bank
• Siam Commercial Bank
• Krungsri Bank
• Krungthai Bank

At this point, you have successfully converted funds from RMB to Thai Baht in your Thai bank account safely and at low cost.

Using Stablecoin (USDT) for Remittance: Full Analysis of Costs and Risks

Although using stablecoin (USDT) for remittance has significant advantages, you must also fully understand and manage its potential risks. This section will provide an in-depth analysis of the extent of cost savings and the various risks you need to be aware of.

How Much Money Can USDT Remittance Actually Save?

The answer is: a lot. The total cost of traditional wire transfers usually accounts for about 6% of the remittance amount, including handling fees and exchange rate differences. In contrast, using stablecoin (USDT) for remittance, the total cost can be controlled between 0.5% and 3%.

For example, when you choose an efficient network like TRC20 for transfer, the cost of a single transaction can even be less than 0.01 USD. Comprehensively calculated, your total fee savings can be as high as 90% to 95%. This means that a remittance that originally required hundreds of RMB in handling fees may now only need a few tens of RMB to complete.

Price Fluctuations and Exchange Rate Risks

USDT is designed to be pegged 1:1 with the USD, but it is not absolutely stable. Under extreme market conditions, its price may experience slight fluctuations or brief de-pegging.

As shown in the chart above, USDT’s annual return rate fluctuates slightly between -0.99% and 0.54%. Although historical data shows good long-term stability, you still need to pay attention to minor exchange losses that short-term price fluctuations may bring.

Platform Security and Operational Error Risks

Your fund security highly depends on the trading platform you choose. Although mainstream exchanges invest heavily in security, hacking incidents still occur from time to time. For example, the collapse of the FTX exchange led to user assets being frozen, causing huge losses.

Operational Risk Reminder Your personal operational errors are also a source of risk.

• Address Error: Sending USDT to the wrong address.
• Wrong Network Selection: Choosing a mismatched network when withdrawing.

Such errors usually result in funds being permanently lost and unrecoverable. Therefore, you must be extra careful in every operation and repeatedly verify.

Legal Regulation and Tax Compliance Risks

You must understand and comply with the relevant regulations in both mainland China and Thailand.

• In Mainland China: The People’s Bank of China (PBOC) has clearly stated that all business activities related to cryptocurrency are illegal financial activities. Financial institutions are prohibited from providing any related services. Although personal holding of crypto assets is in a legal gray area, related transactions are not protected by law.
• In Thailand: Thailand has a more open attitude towards digital assets. According to the regulations of the Thai Ministry of Finance, from January 1, 2025 to December 31, 2029, individuals can be exempt from personal income tax on capital gains from selling cryptocurrency on regulated local exchanges. This means that cashing out on compliant platforms complies with local regulations.

You have mastered the core three-step process of USDT remittance. This method reduces days of waiting to minutes and significantly lowers your costs. Despite the outstanding advantages, you must also face risks such as market fluctuations, platform security, and compliance requirements.

Final Recommendation: We suggest you start with a small remittance. Only after fully familiarizing yourself with the process should you handle larger amounts. Always put fund security first.

FAQ

How Long Does the Entire Remittance Process Take?

Your fund transfer is very fast. From purchasing USDT in mainland China to receiving Thai Baht in Thailand, the entire process is usually completed within 1 hour. This is far faster than the several business days required by traditional banks.

Is There a Limit on the Remittance Amount?

Remittance limits mainly depend on the platform you choose.

C2C platforms and exchanges usually have single-transaction and daily trading limits. For large remittances, you may need to operate in batches or complete higher-level identity verification.

What If I Make an Operational Error?

Blockchain transfers are irreversible.

If you send USDT to the wrong address or choose the wrong network, the funds will most likely be permanently lost. Therefore, you must repeatedly verify all information during operation to ensure accuracy.

Is This Remittance Method Legal in Mainland China?

You need to understand the relevant regulations. Mainland China prohibits all financial businesses related to cryptocurrency. Although personal holding behavior is in a gray area, related transactions are not protected by law. You should bear the corresponding risks yourself.