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How To Buy Bitcoin in Vietnam?

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How To Buy Bitcoin in Vietnam?

Petar Jovanović

Easiest and cheapest ways to buy crypto in Vietnam

Getting bitcoins in Vietnam is not an easy task as not all popular crypto exchanges are available to Vietnamese citizens. This is a current list of bitcoin exchanges that allow users from Vietnam to buy crypto. They all support buying crypto with credit/debit cards but some of them offer other payment methods as well.

Trusted & high liquidity

VBTC

Ease of Use – Medium
👛 Fees – Average
👛 Verification – 1-2 Days
👛 Reputation – Trusted
👛 Supported fiat – VND

, a Vietnamese Bitcoin-only exchange founded in 2014 which facilitates BTC/VND trading. 

– Medium– Average– 1-2 Days– Trusted– VND VBTC , a Vietnamese Bitcoin-only exchange founded in 2014 which facilitates BTC/VND trading.

More info +

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It is the first Bitcoin Live open-order book trading VBTC in the country and is a member of the global BlinkTrade network, which includes many reputable exchanges in Brazil, Chile, Venezuela, and Pakistan. VBTC is a joint effort led by the team from Bitcoin Vietnam and Israeli exchange Bit2C.

⚡️ Deposit fees:
N/A
⚡️ Withdrawal fees:
0.0012 BTC
⚡️ Trading fees:
0.25%
⚡️ Payment Methods:
Bank Transfer
⚡️ Supported fiat:
VND

  Trusted by its users
  Easy to use

The limited number of payment methods
VND is the only supported fiat currency

Trustworthy & high liquidity

Gate.io

Ease of Use – Easy
👛 Fees – Low
👛 Verification – 1 day
👛 Reputation – Trusted
👛 Supported fiat –  USD, EUR, GBP, JPY, AUD, + 50 more

is widely considered one of the biggest crypto exchanges in the world. The exchange is Gate Technology Inc. which is based in Virginia, United States. There are two languages available on the platform – English, and Chinese.

– Easy– Low– 1 day– Trusted– USD, EUR, GBP, JPY, AUD, + 50 more Gate.io is widely considered one of the biggest crypto exchanges in the world. The exchange is Gate Technology Inc. which is based in Virginia, United States. There are two languages available on the platform – English, and Chinese.

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Gate.io is mostly suitable for experienced crypto investors since it offers a powerful trading engine with advanced trading features. It has a large user base with over 3.3 million users.

The exchange offers a variety of services and features such as margin trading, perpetual contracts, crypto ETFs, options trading, leveraged tokens, and flash token swaps. Furthermore, 
Gate.io offers advanced finance features such as lending crypto, crypto loans, and mining (classic mining of proof of work coins and liquidity mining of proof of stake coins).

⚡️ Deposit fees:
Free
⚡️ Withdrawal fees:
Vary from crypto to crypto
⚡️ Trading fees:
Maker: 0.01% Taker: 0.2%
⚡️ Payment Methods:
Debit/Credit Card and Bank Transfer
⚡️ Supported fiat:
USD, EUR, GBP, JPY, AUD, + 50 more

  A lot of advanced features and services
  Large user base
  Suitable for experienced traders

A low number of fiat currencies
Regulations are a gray area
Hacked in 2015
Not suitable for beginners

Regulated & high liquidity

Kraken

👛 Ease of Use – Easy
👛 Fees – Average
👛 Verification – 2-3 Days
👛 Reputation – Trusted
👛 Supported fiat – USD, EUR, GBP, JPY, CAD

Founded in 2011 in San Francisco, California, Kraken is one of the oldest and largest crypto exchanges in the business. This centralized cryptocurrency exchange allows its users to quickly and securely buy and sell over 90 cryptocurrencies.

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Currently, 4 million users in over 170 countries worldwide use Kraken’s services (excluding Washington and New York in the U.S). Kraken is registered under FinCEN in the United States.  Besides buying and selling crypto, this exchange also supports margin trading, OTC trading, market, and stop-loss limit order, staking, limit, futures, take profit market order, and more. It is an easy-to-use exchange and an ideal platform for secure, safe, and fast transactions.

⚡️ Deposit fees:
EUR SEPA Deposit (Free) – EEA countries only USD Bank Wire Deposit ($5 USD) – US onlyEUR Bank Wire Deposit (€10) – outside the US only USD Bank Wire Deposit ($10 USD) – outside US onlyJPY Bank deposit (Free, ¥5,000 deposit minimum) – Japan-only USD, Wire Deposit (Free)
⚡️ Withdrawal fees:
Cryptocurrency: Fees vary, SEPA Withdrawal (€0.09) – EEA countries only USD Bank Wire Withdrawal ($5 USD) – US only USD Bank Wire Withdrawal ($60 USD) – outside US onlyEUR Bank Wire Withdrawal (€60) – outside US onlyJPY Bank withdrawal (¥20) – Japan onlyCAD EFT Withdrawal ($10 CAD)
⚡️ Trading fees:
Maker: 0.16%Taker: 0.28%
⚡️ Payment Methods:
Fedwire, Bank Transfer (SEPA), SWIFT, Wire Transfer, Etana Custody, Silvergate Exchange Network (SEN), FPS, CHAPS, and BACS, PayID, Osko
⚡️ Supported fiat:
USD, EUR, GBP, JPY, CAD

  Available almost worldwide
  High security
  Over 90 cryptocurrencies
Various payment methods

Fees slightly above the industry average
No tax support

Established & high liquidity

Bitfinex

Ease of Use – Easy
👛 Fees – Low
👛 Verification – 1 Day
👛 Reputation – Trusted
👛 Supported fiat – USD, EUR, GBP, JPY, and CNH

is one of the leading Bitcoin and crypto exchanges in the crypto world. It has been launched back in 2012 so it has been active for a very long time on the crypto market.

– Easy– Low– 1 Day– Trusted– USD, EUR, GBP, JPY, and CNH Bitfinex is one of the leading Bitcoin and crypto exchanges in the crypto world. It has been launched back in 2012 so it has been active for a very long time on the crypto market.

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The main advantages of Bitfinex are accessing multiple altcoins, deep liquidity, and advanced trading features. Moreover, on Bitfinex, you can stake, lend, or borrow various crypto assets. Margin trading, margin funding, and multiple order types are services also supported by Bitfinex.

⚡️ Deposit fees:
0.1 %
⚡️ Withdrawal fees:
0.1 %
⚡️ Trading fees:
0 – 0.2 %
⚡️ Payment Methods:
Debit/Credit Cards, ACH Transfer, Wire Transfer
⚡️ Supported fiat:
USD, EUR, GBP, JPY, and CNH

  Good mobile apps
  The longevity on the crypto market
  It offers advanced trading and investment features
Low fees

It was hacked in 2016
Not suitable for complete beginners

Best Bitcoin Wallets in Vietnam

It is never a good idea to keep your coins on an exchange as that exposes you to numerous risks (exchange hacks, fund freezes by the exchange or some government regulatory body, etc). That is why you should use one of the wallets we list below to store your digital assets.

But, which bitcoin wallet is available in Brazil?

The safest option is a hardware wallet like Nano X but ZenGo is also a good choice, especially for newcomers.

Bottom Line

Pros

Cons

ZenGo

Mobile

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Bottom Line

ZenGo is an easy iOS/Android Bitcoin & cryptocurrency wallet. Getting started takes less than 20 seconds.

is an easy iOS/Android Bitcoin & cryptocurrency wallet. Getting started takes less than 20 seconds.

Pros

extremely safe as it uses biometrics for security
you can buy crypto directly from it
has savings and staking account

extremely safe as it uses biometrics for securityyou can buy crypto directly from ithas savings and staking account

Cons

No major flaws

No major flaws

Exodus

Desktop

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Bottom Line

Electrum is one of the oldest and most popular desktop multi-currency wallets which is compatible with Windows, Mac, and Linux

is one of the oldest and most popular desktop multi-currency wallets which is compatible with Windows, Mac, and Linux

Pros

One of the oldest wallets in the market
you can buy and stake directly from the wallet
supports all major coins and blockchains

One of the oldest wallets in the marketyou can buy and stake directly from the walletsupports all major coins and blockchains

Cons

Not completely open source

Not completely open source

Ledger Nano X

Hardware

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Bottom Line

Ledger Nano X is a leading and most secure cold storage wallet that connects to your device via Bluetooth.

is a leading and most secure cold storage wallet that connects to your device via Bluetooth.

Pros

Safest wallet in the market
competitive price
supports a lot of coins
you can buy directly from the wallet
stake directly from the wallet

Safest wallet in the marketcompetitive pricesupports a lot of coinsyou can buy directly from the walletstake directly from the wallet

Cons

Small display
complicated to setup for newbies

Small displaycomplicated to setup for newbies

Read also:

Established & high liquidity

Binance

Ease of Use – Medium
👛 Fees – Low
👛 Verification – 1 Day
👛 Reputation – Trusted
👛 Supported fiat – USD, EUR, GBP, AUD, RUB

Launched in July 2017,

– Medium– Low– 1 Day– Trusted– USD, EUR, GBP, AUD, RUBLaunched in July 2017, Binance quickly became the world’s largest centralized crypto exchange, with more than $15 billion in daily trading volume. It has over 30 million users all over the world. Binance offers an impressive number of cryptocurrencies that you can buy, sell, and trade with low trading fees.

More info +

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Binance is considered one of the safest cryptocurrency exchanges on the market. Binance provides 2FA and both cold storage and multi-sig wallets. It supports spot trading, futures, P2P trading, margin trading, earn (locked and fixed savings, DeFi staking, and yield farming), mining and staking pools. It has over 350+ cryptocurrencies available for trade and 1300+ trading pairs.

⚡️ Deposit fees:
Free
⚡️ Withdrawal fees:
Vary from crypto to crypto
⚡️ Trading fees:
0.1%
⚡️ Payment Methods:
Debit Card, Credit Card, SWIFT, Bank Transfer (SEPA), and more
⚡️ Supported fiat:
USD, EUR, GBP, AUD, RUB, and 15+ more

  Low fees
  High liquidity
  Excellent mobile app
Well-established and trusted

Hacked in 2019
Not accessible to U.S. users

Regulated & high liquidity

Paxful

Ease of Use – Easy
👛 Fees – Low
👛 Verification – 1 Day
👛 Reputation – Trusted
👛 Supported fiat – USD, EUR, GBP, CAD, AUD

is a cryptocurrency exchange platform that has operated since 2015, with its headquarters in New York, United States. As of now, Paxful is one of the longest operating P2P Bitcoin crypto exchanges.

– Easy– Low– 1 Day– Trusted– USD, EUR, GBP, CAD, AUD Paxful is a cryptocurrency exchange platform that has operated since 2015, with its headquarters in New York, United States. As of now, Paxful is one of the longest operating P2P Bitcoin crypto exchanges.

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The platform has almost 5 million users that can interact between themselves to buy, sell or trade one of the 3 offered cryptocurrencies. Paxful supports a vast majority of countries with the exception of OFAC Banned Countries. Their goal is to keep Bitcoin trading as easy and straightforward as possible.

⚡️ Deposit fees:
Free
⚡️ Withdrawal fees:
0.5% – 5%
⚡️ Trading fees:
No buyer fee, seller fee varies from 0.5% to 5%
⚡️ Payment Methods:
Over 350 payment methods are available
⚡️ Supported fiat:
USD, EUR, GBP, CAD, AUD, and many more

  350+ Payment Methods
  Good customer support
Straightforward and easy to use

High exchange rates
A lot of scammers

Regulated & very safe

Coinmama

Ease of Use – Easy
👛 Fees – High
👛 Verification – 1 Day
👛 Reputation – Trusted
👛 Supported fiat – USD, EUR, GBP, CAD, AUD

is one of the oldest exchanges in the cryptocurrency world, having been established in 2013 by Laurence Newman, Nimrod Gruber, and Ilan Schuster. The company’s headquarters are located in Slovakia and Ireland.

– Easy– High– 1 Day– Trusted– USD, EUR, GBP, CAD, AUD Coinmama is one of the oldest exchanges in the cryptocurrency world, having been established in 2013 by Laurence Newman, Nimrod Gruber, and Ilan Schuster. The company’s headquarters are located in Slovakia and Ireland.

More info +

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Coinmama is an exchange that serves over 1.5 million users in over 150 countries and has a team of over 40 employees. Its user-friendly interface makes it an ideal choice for those new to cryptocurrency. When you buy coins through Coinmama, they are transferred directly to your own non-custodial wallet, rather than being held in Coinmama’s own wallets.

⚡️ Deposit fees:
0 – 5 %
⚡️ Withdrawal fees:
None
⚡️ Trading fees:
2.9 – 3.9 %
⚡️ Payment Methods:
Bank Transfer (SEPA), SWIFT, Fedwire, Bank cards, Open Banking, Google Pay, Apple Pay, Skrill
⚡️ Supported fiat:
USD, EUR, GBP, CAD, AUD

  Beginner-friendly interface
  Available almost worldwide
  Various ways to deposit
Simple to use
No withdrawal fee

No mobile app and no staking
No phone number for customer support

Established & high liquidity

LocalBitcoins

Ease of Use – Easy
👛 Fees – Low
👛 Verification – 1 Day
👛 Reputation – Trusted
👛 Supported fiat – USD, EUR, GBP, and more

Founded in 2012 in Finland by Nikolaus Kangas,

– Easy– Low– 1 Day– Trusted– USD, EUR, GBP, and moreFounded in 2012 in Finland by Nikolaus Kangas, LocalBitcoins represents one of the largest P2P (peer-to-peer) marketplaces online. Nicknamed as the “Craigslist” of Bitcoin, users can communicate and trade directly on the platform with one another. Bitcoin is the only currency supported by LocalBitcoins.

More info +

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The numerous security measures (Escrow, Reputation System, etc.) make the platform a safe and reliable Bitcoin trading place. LocalBitcoins doesn’t use the usual brokerage business model. Instead, as a P2P network, it works by connecting sellers and buyers that are located in the same area. You post an ad on the website and state the exchange rate and the desired payment method. Users in the local area can reply to the advertisement and arrange a meet-up either online or in person. The whole process is pretty straightforward.

⚡️ Deposit fees:
Free
⚡️ Withdrawal fees:
Free
⚡️ Trading fees:
1%
⚡️ Payment Methods:
SEPA, Wire Transfer, Paypal, WeChat, MoneyGram, Credit Card, Debit Card, etc.
⚡️ Supported fiat:
USD, EUR, GBP, RUB, and more (most currencies)

  Various payment options
  One of the oldest P2P crypto exchanges
  Accessible worldwide
High liquidity

Many scammers join the platform
Fees are higher than usual

Frequently asked questions about buying Bitcoin in Vietnam

How can I buy Bitcoin in Vietnam❓

The most popular Bitcoin exchange in Vietnam is VBTC.

Does Localbitcoin work in Vietnam❓

Yes, LocalBitcoins is available in Vietnam.

Does Binance work in Vietnam❓

Yes, Binance is available in Vietnam.

Can you use Kraken in Vietnam❓

Kraken offers most services to clients living in Vietnam. Futures trading is restricted.

How do I deposit to Binance from Vietnam❓

Deposit VND via Vietcombank
1. Log into your Binance account, proceed to ‘Wallet (Fiat and Spot)’ Select ‘Deposit’ Under ‘Fiat’, choose ‘VND’ from the currency list. …
2. Enter your desired deposit amount (min. …
3. Your reference code will be shown on the following page once you click ‘Confirm’.

Is there Bitcoin ATM in Vietnam❓

No, unfortunately, there are no Bitcoin ATMs in Vietnam we know of.

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CaptainAltcoin’s writers and guest post authors may or may not have a vested interest in any of the mentioned projects and businesses. None of the content on CaptainAltcoin is investment advice nor is it a replacement for advice from a certified financial planner. The views expressed in this article are those of the author and do not necessarily reflect the official policy or position of CaptainAltcoin.com