How To Buy Bitcoin in Vietnam?

Vietnam is one of the fastest growing cryptocurrency markets in Southeast Asia. While still in the early adoption phase, buying and selling bitcoin is becoming more accessible in the country. 

Crypto Regulations in Vietnam

Vietnam is yet to develop a comprehensive regulatory framework for cryptocurrencies. The nation’s Ministry of Finance has classified cryptocurrency as an illegal method of non-cash payment, thereby banning its use in transactions. However, Vietnam’s cryptocurrency market is evolving rapidly, with a growing number of investors advocating for more defined governance and regulatory supervision.

Although the government does not recognize cryptocurrencies as legal tender, it permits citizens to possess virtual assets, contributing to a burgeoning cryptocurrency environment in the country. The absence of substantial regulatory structures, combined with the illegal status of cryptocurrency trading, has led to investor appeals for enhanced governance and regulatory oversight.

Consequently, while cryptocurrency usage in Vietnam remains largely unregulated, there is an increasing call for more explicit guidelines and control in the crypto sector.

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
How To Buy Bitcoin in Vietnam?

VBTC

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

VBTC, a Vietnamese Bitcoin-only exchange founded in 2014 which facilitates BTC/VND trading. 
More info +
Trustworthy & high liquidity
Gate.io

Gate.io

👛 Ease of Use – Easy
👛 Fees – Low
👛 Verification – 1 day
👛 Reputation – Trusted
👛 Supported fiat –  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.
More info +
Regulated & high liquidity
How To Buy Bitcoin in Vietnam?

Kraken

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

Established in 2011, Kraken has carved a niche for itself as a trusted and reliable crypto exchange. It boasts support for an impressive roster of over 220 digital assets, encompassing major cryptocurrencies like Bitcoin, Ethereum, Cardano, and many others. Security has always been a cornerstone for Kraken, making it a go-to choice for many.
More info +
Established & high liquidity
bitfinex

Bitfinex

👛 Ease of Use – Easy
👛 Fees – Low
👛 Verification – 1 Day
👛 Reputation – Trusted
👛 Supported fiat – 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.
More info +

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 this country?

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
ZenGo
Mobile
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Bottom Line
ZenGo 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
Cons
No major flaws
Exodus
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
Pros
One of the oldest wallets in the market
you can buy and stake directly from the wallet
supports all major coins and blockchains
Cons
Not completely open source
Ledger Nano X
Ledger Nano X
Hardware
Visit Now
Bottom Line
Ledger Nano X 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
Cons
Small display
complicated to setup for newbies

Read also:

Established & high liquidity
How To Buy Bitcoin in Vietnam?

Binance

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

Launched 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 +
Regulated & high liquidity
paxful

Paxful

👛 Ease of Use – Easy
👛 Fees – Low
👛 Verification – 1 Day
👛 Reputation – Trusted
👛 Supported fiat – 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.
More info +
Regulated & very safe
How To Buy Bitcoin in Vietnam?

Coinmama

👛 Ease of Use – Easy
👛 Fees – High
👛 Verification – 1 Day
👛 Reputation – Trusted
👛 Supported fiat – 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 +
Established & high liquidity
Localbitcoins

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, 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 +

Frequently asked questions about buying Bitcoin in Vietnam

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Petar Jovanović
Petar Jovanović

As the Head of Content at Captainaltcoin, I bring years of experience in the crypto industry. With a strong belief in the potential of the web3 market since 2017, I'm passionate about sharing valuable insights and knowledge. Feel free to connect with me on LinkedIn and let's discuss the exciting world of cryptocurrencies and decentralized technologies!

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