History of the Thai Baht / THB

Thai Baht is the official currency of Thailand and the responsibility of its issuance is given to the Bank of Thailand. It is interesting to know that the Thai Baht was named the world’s best-performing currency in 2018. What is more, the currency was ranked as the 10th most frequently used for 2019 in the world.

Until 1902 the Thai Baht was fixed strictly on a silver basis which caused the currency to vary when compared to currencies based on a gold standard. In 1902 the government started increasing the value of the baht due to the increase in the value of silver. Following many changes throughout the years, the Thai Baht shifted in value and was estimated at 25 Bahts to 1 American Dollar in 1997 when the country suffered from the Asian financial crisis. The Baht continued on floating and reached its lowest rate of 56 to a dollar in 1998. Since then, its value went up to about 30 Bahts per dollar.

Advantages of Using THB in Online Casinos

Online gamblers can use plenty of advantages as long as they find a venue that supports THB as local currency. One of the perks is the removal of exchange rates which can be quite hefty and can minimize your earnings. Another advantage is the lowered transaction fee which is not only going to save you money but time as well. So if you are looking for a minimal processing time and you want to save as much money as possible, check out our recommended online platforms which accept Thai Baht!

Popular THB deposit methods and withdrawals

Even though there is a huge variety of payment methods available at most casino sites, it is important to remember that not all of them are accessible to Thai players and you should always check which are the ones accepting THB before registering. Among the most used methods by Thai players are Maestro, ecoPayz, Neteller and all of them accept THB as a currency. Of course, there are many more payment methods to choose from which is why it is important to always make sure your preferred method is available and the platform doesn’t pose any restrictions on it.

Tips on finding a great THB Online Casino

Discovering an online casino that meets all of your criteria and at the same time accepts THB as a currency can be quite a challenge. First and foremost you should always look for a casino that is properly secured and holds a license obtained from a reputable jurisdiction such as the Government of Curacao or the Malta Gaming Authority. The next step should be checking the variety of games available on the platform and whether your favorite type of casino games is offered in abundance. Oftentimes, the best casino games are provided by top software developers which are giants in the gaming industry such as NetEnt or Quickspin. Another piece of advice is to check the type of promotions and bonuses that the venue has to offer.

Our team at CasinoDaddy.com is here to help you out with this choice which is why we have reviewed only reputable online venues that accept Thai Baht so feel free to check them out!

THB Online Casinos – The Legal Online Gambling Status

Any gambling activity other than betting on horse races or the Thai lottery is illegal in Thailand. This prohibition comes from the Gabmling Act of 1935 and poses strict regulations. It is a well-known fact that even against the law, illegal casinos are widespread in Thailand. Between 1930 and 1935 the government made an effort to partially accept gambling but with the act of 1935, it was banned completely. When it comes to online gambling, things are not looking brighter as this type of gambling is prohibited as well. Also, in 2020 the government blocked a number of websites and arrested owners of gambling websites. However, Thai players can still access some of the most popular online casinos and gamble at their own risk.