Bitkub together with The Mall Group has officially launched a new method for customers and those who are interested in cryptocurrency to exchange selected cryptocurrencies for goods and services at the participating shopping centers of The Mall Group.
Supported Cryptocurrencies for the Exchange
Currently, there are 7 cryptocurrencies that are acceptable for exchanging at the participating shopping centers.
Bitkub Coin (KUB)
Bitcoin (BTC)
Ethereum (ETH)
Tether (USDT)
Ripple (XRP)
Stellar Lumens (XLM)
JFIN Coin (JFIN)
The Participating Shopping Centers
There are 7 shopping centers under The Mall Group where you can use your crypto coins or tokens to exchange for goods and services.
The Mall Thapra
The Mall Ngamwongwan
The Mall Bangkae
The Mall Bangkapi
The Emporium Shopping Mall
The Emquartier Shopping Mall
Siam Paragon Retail
The crypto exchanges are accepted at the department store area and Gourmet Market of the shopping centers listed above.
How to proceed with the exchange
Using a cryptocurrency to exchange is very simple. The steps are as follows.
- Inform the cashier that you want to use cryptocurrencies to exchange for goods and services, and specify the cryptocurrency that you would like to use.
- The cashier will inform you of the total amount of cryptocurrency of your choice, and generate the QR code for you to scan.
- Scan the QR code with your built-in phone camera or QR code scanner on the LINE application only.
- After scanning, the system will direct you to the Bitkub application where you need to fill in the 2FA and SMS OTP (if enabled) and complete the email confirmation*.
- Once the transfer is successful, the cashier can print out the receipt for you.
Remarks:
- Please use only the built-in phone camera or Line scanner on the Line application for scanning the QR code.
- Your Bitkub application must be updated to at least version 3.8.2.
- In case you use an iOS device, the iOS version must be at least version 11.
- *For the first transaction of each cryptocurrency at the respective mall, email confirmation for the transaction will be required.
Limits for Crypto Exchange
There is a minimum price of at least 20 THB and the maximum prices that are applicable for crypto exchange differ according to the currency. Please see the table below.
|
Currency |
Minimum Price (THB) |
Maximum Price (THB) |
|
KUB |
20 |
100,000 |
|
BTC |
20 |
1 million |
|
ETH |
20 |
1 million |
|
USDT |
20 |
1 million |
|
XRP |
20 |
100,000 |
|
XLM |
20 |
100,000 |
|
JFIN |
20 |
100,000 |
Remark:
In the case you wish to use cryptocurrencies to exchange for goods and services that cost more than the maximum limits stated above, please contact a shop assistant or Bitkub Customer Support at least 3 business days in advance.
Other Terms and Conditions
- A crypto exchange must be made from a Bitkub account that has been successfully verified only.*
- This crypto exchange system is applicable for both Thai and foreign customers with verified Bitkub accounts.
- Each QR code is valid for 300 seconds (5 minutes) after it is generated. If the transfer is not completed within the period, please request a new QR code from the cashier.
- You can combine other payment methods such as credit cards, cash, with crypto transfers.
- In the case of refunds, please contact the shopping center directly for assistance. Please note that the refund will be made and returned to you in Thai Baht only and in accordance with the refund policy of The Mall Group.
*Remark:
The processing time of level 1 account verification (or KYC level 1) is 1-15 days. For more information, please visit here.
For questions and inquiries, please feel free to contact us.
BITKUB ONLINE Co., Ltd.
Website: www.bitkub.com
Contact us: Bitkub Support
Telephone: +66 2-032-9555
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