How to Buy Bitcoin in Vietnam – 2022 Beginner’s Guide


Created in 2009 as a way of decentralising payments, Bitcoin (BTC) has orchestrated a whole new financial order. Today, BTC has become a favourite for several institutional investors due to its deflationary nature. Given its large market cap, several top crypto exchanges offer trading support for Bitcoin. The digital asset’s popularity knows no bounds, and several investors are out to buy Bitcoin in Vietnam.

This guide offers in-depth steps on how to buy Bitcoin in Vietnam while answering the crucial question of the viability of the cryptocurrency for growth.

How to Buy Bitcoin Vietnam – Quick Guide

If you need to buy Bitcoin instantly, you can follow these quick steps to get started on our recommended crypto broker, eToro:

  • ✅  Open an account with eToroVisit the eToro website and create a free account.
  • 💳  Deposit – Complete know-your-customer (KYC) and click on ‘Deposit Funds’ to open up the payment page. Fill in your preferred amount and select a payment method.
  • 🔎  Search for Bitcoin – Type ‘BTC’ into the search box.
  • 🛒  Buy – Click on the first pop-up result and select ‘Trade’ to open up the order page. Insert how much Bitcoin you want to buy and click on ‘Open Trade’ to complete the trade.

Cryptoassets are a highly volatile unregulated investment product.

Where to Buy Bitcoin in Vietnam

The availability of a Bitcoin trading exchange depends on a user’s region of residence. For crypto investors in Asia, the platforms explored below are the best to invest in Bitcoin in Vietnam. They have been selected based on user convenience, unique features, low fees, security, and regulation.

1. eToro – Overall Best Place to Buy Bitcoin in Vietnam

eToro logoOur top pick for where to buy Bitcoin in Vietnam is eToro.com. Launched in 2007, eToro is a multi-asset investment broker with a long standing reputation for excellence. The crypto broker is reputed as the best social trading cryptocurrency platform.

eToro is rapidly expanding its crypto support library. Users can buy BTC in Vietnam in addition to 65+ other crypto assets on the platform.

Vietnamese investors can buy Bitcoin with eToro for as low as $50. This offering is accompanied by top-notch payment method support, including bank wire transfer and credit or debit cards. eToro also enables users to buy Bitcoin with PayPal and several other e-wallet solutions. The cryptocurrency trading platform is also affordable. eToro charges its users a 1% fee for buying and selling digital assets, along with a 0.46% spread charge.

eToro is highly user intuitive, and its clean-cut and user-friendly platform aids users to complete trades within minutes.

The broker allows new crypto investors to mirror or copy the trading strategies of more advanced investors through its CopyTrader functionality. This way, new users can better hedge against losing their capital and minimise their risks.

etoro best platform for crypto buying

Another popular tool is the CopyPortfolio. This feature focuses on asset diversification. The tool helps users to better spread their assets across top-performing industries and regions. CopyPortfolio automatically rebalances users’ portfolios in real-time based on how the sectors perform.

eToro pays close attention to its users’ security and offers bank-grade security protocols coupled with two-factor authentication (2FA). In addition to these, the broker is regulated by several top-tier financial watchdogs, including the Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), Financial Industry and Regulatory Authority (FINRA), and the Australian Securities and Investment Commission (ASIC).

Cryptoassets are a highly volatile unregulated investment product.

2. Crypto.com – Top Asia Broker to Buy Bitcoin Instantly

Crypto.com is a worthy alternative for investors to buy Bitcoin in Vietnam. Based in Singapore, the cryptocurrency exchange was launched in 2016 and has since gone on to attract over 10 million crypto faithfuls.crypto.com logo

Crypto.com enables users to buy, sell, and exchange over 250 digital assets. Users can get started with as little as $20 and fund their accounts with bank wire transfers, credit/debit cards, e-wallet solutions like PayPal, and several others. In addition, Crypto.com offers one of the best crypto credit cards, which allows investors to fund their cards using their fiat or crypto holdings.

As per fees, Crypto.com’s charges are considerably low. The platform’s fees begin at 0.4% for its level one traders. Holders of its in-house native token, CRO, enjoy a 10% discount, which slashes the fee structure to 0.36% if they stake up to 5,000 CRO. There are no deposit fees. However, withdrawals are charged based on the asset in question.

Crypto.com

The platform also offers a crypto staking platform which allows users to earn as high as 14.5% on their digital assets. Stablecoin deposits are rewarded with a 10% annual percent yield (APY).

Crypto.com is licensed by the Malta Financial Services Authority (MFSA) as a Class 3 Virtual Financial Assets (VFA) and operates under a license overview by the Monetary Authority of Singapore (MAS). The platform secures 98% of users’ funds in cold storages. Additionally, Crypto.com offers multi-factor authentication (MFA) and address whitelisting.

Cryptoassets are a highly volatile unregulated investment product.

3. Coinbase – Best Platform to Buy Bitcoin in Vietnam for Beginners

Launched in 2012, Coinbase Global Inc. is one of the most popular crypto destination spots in the world. The platform’s success lies in its focus on crafting a beginner-friendly crypto trading platform for users. Also, the platform grants users access to a slew of crypto-focused educational materials to help them get started.coinbase logo

Coinbase allows users to easily buy, sell, and speculate on the prices of over 10,000 top-ranking coins.

The platform charges 0.5% to 5% for its trading fees, and users can easily buy Bitcoin with PayPal for as low as $2. Users can fund their account based on their region of residence. They can easily fund their accounts using bank wire, debit card, PayPal, and other options. Debit card deposits are duly charged 3.99%.

Buy Crypto on Coinbase

Additionally, Coinbase offers more laid-back investors the opportunity to earn on their crypto assets. With Coinbase Staking, users can earn as much as 5% APY on their crypto assets. However, Coinbase charges a whopping 25% commission on staking profits making it a no-go area for retail investors.

In terms of security, Coinbase offers 2FA and cold storage for users’ funds. This second most popular Bitcoin exchange is regulated by the Financial Crimes Enforcement Network (FinCEN) and the FCA.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work and can afford the risks.

4. Binance – Top Platform to Buy Bitcoin for Low Fees

Binance is currently the world’s largest Bitcoin trading hub based on trading volume. Hence, the platform is a great spot for crypto investors looking to buy Bitcoin in Vietnam.binance logo

The crypto trading platform offers support for well over 600 coins, with more coins added regularly. Binance offers several services for different crypto user base. Advanced traders are more at home on Binance as they can easily trade digital assets on spot, margin, futures, and perpetual pairs. Inexperienced users can turn to the Binance Earn platform which offers a rich library of crypto assets investors can earn handsome rewards on.

Binance also offers one of the lowest trading fees in the crypto trading industry. Users are charged 0.1% for standard trading. This standard charge can be slashed by 25% if the user owns the native token, Binance Coin (BNB).

Binance home

Minimum deposit on Binance is pegged at $10. Users can fund their accounts using bank wire transfer, credit/debit cards, crypto-to-crypto transfers, peer-to-peer (P2P), PayPal, and other e-wallet solutions.

Security of user funds is paramount on Binance. User funds are protected using two-factor authentication (2FA), whitelisting, and SMS authentication process. Furthermore, platform security includes offline crypto storage and an in-house insurance mechanism called Secure Assets Fund for Users (SAFU).

In terms of regulation, Binance is licensed in most regions in which it operates. Also, the platform’s US subsidiary is regulated by the US Securities and Exchange Commission (SEC).

Cryptoassets are a highly volatile unregulated investment product.

5. Paxful – Best Platform to Invest in Bitcoin Vietnam Anonymously

Paxful is a top non-custodial crypto exchange that has become popular over the years due to its anonymity. The platform facilitates communication and trading between parties, effectively acting as a conduit and nothing more.paxful

If you’re looking to buy Bitcoin in Vietnam anonymously, Paxful should be your port of call. All users have to do is sign up with their email and password. There are no customer ID checks. Paxful also offers an escrow service that protects its buyers. The platform pairs users with a number of sellers and they select which offer suits them. Then the trade is executed in minutes

paxful

With support for dozens of payment methods, including bank wire transfer, credit/debit card, crypto-to-crypto, e-wallet solutions, and several others. Whatever you’re looking to buy, there’s a high chance that this platform has you covered. Aside from Bitcoin, users can also buy Ethereum and the popular stablecoin, USDT.

On Paxful, users’ funds are secured with the latest technology.

Cryptoassets are a highly volatile unregulated investment product.

6. BitcoinVN – Best Platform for Bitcoin to Fiat Conversion

BitcoinVN is a local crypto exchange that allows users to buy Bitcoin in Vietnam….



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