Buy Crypto & Bitcoin in Vietnam

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• Popular Exchanges to Buy Crypto & Bitcoin in Vietnam

Coinmama

Coinmama allows customers in almost every country to buy bitcoin. They charge a 4.9%-5.9% (depends on volume) fee on each purchase.

Customers in Europe can also purchase bitcoins with SEPA transfer for a lower fee.

Pros

• Works in almost all countries
• Highest limits for buying bitcoins with a credit card
• Reliable and trusted broker

Cons

• Some of the highest fees among credit/debit card bitcoin brokers

Ease of Use

Easy

Privacy

Low

Speed

Fast

Fees

Average

Reputation

Trusted

Limits

High

Ginero

Ginero

Ginero is Vietnam’s newest P2P Bitcoin exchange brought to you by th company running Bitcoin Vietnam.

Pros

• Run by a long time Vietnamese Bitcoin company
• Easy and fast to sign up and get started

Cons

• Bank transfer is only payment method

Ease of Use

Hard

Privacy

High

Speed

Average

Fees

Low

Reputation

Trusted

Limits

High

Paybis

Paybis

Paybis is a popular cryptocurrency exchange. They serve 180 countries and 48 US states and are registered with FinCEN, making them a more trusted, regulated exchange. Paybis offers incredibly high limits and super fast payouts, not to mention 5 minute ID verification and nearly perfect review scores on Trustpilot.

Pros

• 24/7 live support
• Extremily high limits
• 5 Minute verification
• Get payouts fast
• Large selection of payment methods

Cons

• No traditional orderbook for advanced traders

Ease of Use

Easy

Privacy

Low

Speed

Average

Fees

Low

Reputation

Trusted

Limits

High

Bitcoin Vietnam

Bitcoin Vietnam

Bitcoin Vietnam is the largest Bitcoin exchange in Vietnam. It’s an easy and convenient way to buy bitcoin within the country. Bitcoin Vietnam’s partnership with other global exchanges ensures deep liquidity.

Pros

• Prices only slightly above the global market rate
• Trusted exchange in Vietnam

Cons

• Not as private as buying from an ATM in Vietnam

Ease of Use

Hard

Privacy

Low

Speed

Average

Fees

Low

Reputation

Trusted

Limits

High

VBTC

VBTC

VBTC is a Bitcoin exchange based in Vietnam. It’s geared towards traders and offers algorithmic trading, limit and market orders, and trade reporting.

Pros

• Prices only slightly above the global market rate
• Trusted exchange in Vietnam

Cons

• Not as private as buying from an ATM in Vietnam

Ease of Use

Hard

Privacy

Low

Speed

Average

Fees

Low

Reputation

Trusted

Limits

High

Bitcoin ATMs

You can use our Bitcoin ATM map to buy bitcoins with cash. Bitcoin ATMs can be a quick and easy way to buy bitcoins and they’re also private. That convenience and privacy, however, comes with a price; most ATMs have fees of 5-10%.

Pros

• Our map makes it super easy to find a Bitcoin ATM near you

Cons

• Bitcoin ATMs often have 5-10% fees per purchase

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Chapter 1

Bitcoin & Cryptocurrency Trading in Vietnam

Vietnam is one of the fastest growing economies in the world, with a burgeoning upper and middle class. Its largest city, Ho Chi Minh (otherwise known as ‘Saigon’), is also home to a growing world tech hub and an innovative financial payments scene.

While the country is still considered socialist in name, it is very much so a mixed economy, reminiscent of the late 80’s and early 90’s China. As for Bitcoin, Vietnam has no trading, holding, or spending regulations of any kind, making its a very free place to develop and build services around Bitcoin specifically, as the country has outlawed raising any money via ICOs.

In 2021, Chainalysis put out what it called the Global Crypto Adoption Index. This report showed that the global crypto adoption has taken off in the last year, up 881%, with Vietnam, India and Pakistan in the lead. The report ranked 154 countries based on several metrics including total crypto activity weighted by purchasing power parity per capita. Vietnam scored 1, the only country with a score above .4.

One of the easiest ways to buy Bitcoin in Vietnam is through cryptocurrency exchanges. There are several exchanges offering Bitcoin in Vietnam, allowing you to select one based on your requirements and preferences using our list outlined above. Different exchanges have different transaction fees, withdrawal limits, payment modes, and verification processes that need to be kept in mind before users select one.

Additionally, Bitcoin buyers need to keep in mind that certain exchanges might require you to get a wallet of your own before being able to buy the digital currency. Even if there is no requirement, it is recommended to have a wallet of your own for security reasons (preferably a hardware wallet). If you don’t have a wallet, refer to our guide on the Best Bitcoin and Cryptocurrency Wallets to choose one.

COMPARISON

Another way to buy Bitcoins in Vietnam is through automated teller machines (ATMs). These ATMs allow users to instantly purchase and sell cryptocurrency using cash, however most of them require at least a phone number, so they aren’t totally private.

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Chapter 2

Best Bitcoin Wallets for Vietnam

There are three main types of Bitcoin wallet and all of them are supported in Vietnam:

• Software (desktop or mobile – iOS and Android wallets
• Hardware wallet
• Cold-storage (paper or steel wallets, the latter of which are used to backup your main wallet.

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Chapter 3

How to Buy Ethereum in Vietnam

Ethereum (ETH) has established itself as the second most popular digital currency, after Bitcoin. Its smart contract features allow unique apps to be built on top of its platform. Below you will find exchanges in Vietnam that allow you to buy ethereum. Once you buy, you should withdrawal your ETH directly to your own crypto wallet.

• Exchanges in Vietnam that Support Ethereum

• Coinmama
  • Supports Ethereum buying & selling

  Coins supported:
  

• Paybis
  • Supports Ethereum buying & selling

  Coins supported:
  

• Bitcoin Vietnam
  • Supports Ethereum buying & selling

  Coins supported:
  

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Chapter 4

How to Buy Dogecoin in Vietnam

Thanks to Tesla founder Elon Musk, Dogecoin (DOGE)—a coin that started as a meme about the shiba inu dog—has recently become a popular digital currency. Below you can find crypto exchanges in Canada that allow you purchase Dogecoin.

• Exchanges in Vietnam that Support Dogecoin

• Bitcoin Vietnam
  • Supports Dogecoin buying & selling

  Coins supported:
  

About Dogecoin: Dogecoin has become one of the most famous altcoin blockchains. Dogecoin was founded by Jackson Palmer and Billy Markus on December 6, 2013. Thanks to its popularity on Robinhood, it hit an all time high of $0.42 on April 20. Doge started the year at under $0.01 USD. It is an open source blockchain, meaning its code is publicly available for anyone to see.

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Chapter 5

How to Buy Litecoin in Vietnam

Litecoin (LTC) is one of largest cryptocurrencies by market cap. Below you can find a list of brokerages in Vietnam that allow you to buy litecoin and other crypto assets for good exchange rates.

• Exchanges in Vietnam that Support Litecoin

• Coinmama
  • Supports Litecoin buying & selling

  Coins supported:
  

• Paybis
  • Supports Litecoin buying & selling

  Coins supported:
  

• Bitcoin Vietnam
  • Supports Litecoin buying & selling

  Coins supported:
  

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Chapter 6

Exchange Hacks and Crypto Scams in Vietnam

Modern Tech Scam

In April of 2018, it was revealed that a company named Modern Tech had been running a Ponzi scheme and had run of with ~$645 million.

Modern Tech would take investment from customers, promising them 48% returns each month with a repayment term of 4 months. The investment came in the form of a couple of different cryptocurrenicies named iFan and Pincoin.

To make the coins sound more prestigious, the investors were told these projects came from Singapore and India.

Check out this slide from the pitch deck for their scam.

As with any guaranteed return, it was all made up of course. Within only 4 months of introducing iFan, trading collapsed meaning that any value the coins were worth didn’t matter because there was no way to sell them.

Sky Mining Scam

In August of 2018, another Ponzi was exposed when the founders seemed to have run off with the money.

The company claimed to be a cloud mining company registered with the Vietnamese government. Investors could give Sky Mining money to buy hashing power and earn returns in the form of mined Bitcoins. Investors were asked to pay between $100 and $5,000 for each mining ‘rig’ they purchased.

At its peak, Sky Mining claimed to have 18 mining farms across Vietnam and an office in Japan.

At one point, Sky Mining was making so much money, they were throwing lavish events to excite their victims.

Le Minh Tam posted a messaged on the company’s website apologizing to investors for their loss due to an unpreditable Bitcoin price that had undermined returns. He instructed investors to come to their office to get a refund along with their mining machines.

When groups showed up, the office was empty. The deputy director of Sky Mining, Le Minh Hieu said that Tam had run off to the US with all of the money. However, not long after, a video was posted to Facebook from director Hieu claiming he had also gone to the US for health reasons and that many agencies had already gotten their refunds and mining equipment back, and he would make sure everyone else did as soon as he returned to Vietnam.

Obviously, no one got their refund or mining equipment since it is almost certain that Hieu and Tam were in on the scam together and had skipped the country with the money.

VinDAX Hack

In November of 2019, a small Vietnamese exchange named VinDAX was hacked for $500,000 in the form of 23 different cryptocurrencies. The hack was announced via the exchange’s telegram channel.

The exchange was primarily a platform for projects to crowdfund via ICOs. After the hack, VinDAX contacted many of the projects and asked them if they could front the exchange the necessary coins to cover the thefts in the form of a loan.

Please lend us an amount of your token/coin equal to 30%-100% the amount that was stolen in the last accident so that we can address the withdrawal request of the users that are related to your token/coin.

Vindax

Partner Outreach

Vindax

It is unclear if these requests were accepted or denied or if any customers got their coins back.

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Chapter 7

FAQ

Does Coinbase work in Vietnam?

Coinbase does NOT support customers in Vietnam as of September of 2020.

Where Can I Find a Bitcoin ATM in Vietnam?

You can use our Bitcoin ATM finder tool to find the one nearest you.

What is the price of Bitcoin in Vietnam?

Bitcoin prices are changing every second.

The best way to find the most up-to-date price of Bitcoin is to check out our Bitcoin price page.

How do I cash out of Bitcoin in Vietnam?

Any exchange with a VND trading pair will allow you to sell your Bitcoin for fiat currency. BitcoinVN and has VND trading pairs for many popular coins.

As mentioned previously, you can also use automated teller machines (ATMs) to buy Bitcoin.

LocalBitcoins is another option. Here, you can buy and sell Bitcoin for a wide range of payment methods, from gift cards to bank transfers. LocalBitcoins is a peer-to-peer (P2P) exchange, where you buy and sell with another individual. This does introduce a degree of risk, though by ensuring that you conduct all business on the platform, make use of its escrow services, and only trade with users who have a good reputation, you’ll minimize any potential problems.

You could also use a service like eGifter to sell your Bitcoin for gift cards.

About the Author: Jordan Tuwiner

Jordan Tuwiner is the founder of BuyBitcoinWorldwide.com. His work has been featured in The Guardian, International Business Times, Forbes, VentureBeat, CoinDesk and many other top Bitcoin media outlets. His articles are read by millions of people each year looking for the best way to buy Bitcoin and crypto in their country.

He has also written extensively about the history, technology, and business of the crypto world. Jordan is also the creator of some of the internet’s most famous Bitcoin pages, including The Quotable Satoshi and Bitcoin Obituaries.

To learn more about Jordan, see his full bio.