Buy Bitcoin & Crypto in Vietnam

We may receive advertising compensation when you click certain products. Before jumping into this page, an important disclosure.

You'll need a Bitcoin wallet before you buy since some exchanges require one.

Don't have a wallet? Read our guide on the best Bitcoin & cryptocurrency wallets.

  • Popular Exchanges to Buy Bitcoin & Crypto in Vietnam
  • Coinmama
    • Works in almost all countries
    • Highest limits for buying bitcoins with a credit card
    • Reliable and trusted broker
  • eToro
    • Supports Bitcoin, Ethereum & 15 other coins
    • Start trading fast; high limits
    • Your capital is at risk.

    We do not promote, endorse, or earn commissions from the trading of securities of any kind, including CFDs, however, eToro requires that we provide you with the following disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 62% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.

CoinmamaCoinmama Buy Bitcoin Read Review

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.

Want to buy using Coinmama? This step-by-step guide will show you how to use Coinmama.

We may receive compensation when you use Coinmama. Please visit Coinmama for its exact pricing terms.

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
Buy Bitcoin Read Review

eToroeToro Buy Bitcoin Read Review

eToro is a trading platform and crypto exchange. It supports Bitcoin, Ethereum, Litecoin, Zcash and many other coins.

Deposits can be made quickly via bank transfer, SEPA, NETELLER, PayPal and more. It also offers unique features like copy trading.

Your capital is at risk. We do not promote, endorse, or earn commissions from the trading of securities of any kind, including CFDs, however, eToro requires that we provide you with the following disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 62% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.

We may receive compensation when you use eToro. Please visit eToro for its exact pricing terms.

Pros
  • Offers unique copy trading feature
  • Trusted echange that has been active in traditional finance
  • Interface is clean and easy to use
Cons
  • You cannot deposit cryptocurrency, but you can deposit with other payment methods
Ease of Use
Easy
Privacy
Low
Speed
Average
Fees
Low
Reputation
Trusted
Limits
High
Buy Bitcoin Read Review

KrakenKraken Buy Bitcoin Read Review

Founded mid-2011, Kraken is the one of the world's largest cryptocurrency exchanges, and the largest in Europe based on daily average trading volume. It is available in almost all countries. Deposits can be made via bank wire, SEPA, ACH and SWIFT.

Pros
  • Very low 0.25% taker fee, falling to 0.1% with sufficient trading volume
  • Very low maker fee, falling to 0% with sufficient trading volume
  • Highly-rated for security and data protection
Cons
  • Requires ID verification, so not private
Ease of Use
Hard
Privacy
Low
Speed
Average
Fees
Low
Reputation
Trusted
Limits
High
Buy Bitcoin Read Review

LocalBitcoinsLocalBitcoins Buy Bitcoin Read Review

LocalBitcoins is an escrow service which also helps to match bitcoin buyers and sellers. Users may advertise trades for whichever payment method they prefer.

Buying bitcoins via an in-person meeting, secured and facilitated by LocalBitcoins, may be one of the fastest and most private ways to buy bitcoins in any country, including the United States, Europe (besides Germany), UK, Singapore, Canada, Australia and many more.

We may receive compensation when you use LocalBitcoins. Please visit LocalBitcoins for its exact pricing terms.

Pros
  • Can be private, fast and easy
  • In-person trades require no personal information
  • Purchases of bitcoin can be made quickly via cash deposit
Cons
  • Beware of scams; always follow the rules!
  • Harder to buy large amounts of bitcoins compared to large exchanges
  • Slightly to significantly higher prices than regular exchanges; premium for higher privacy
Ease of Use
Hard
Privacy
High
Speed
Fast
Fees
Low
Reputation
Trusted
Limits
Average
Buy Bitcoin Read Review

GineroGinero Buy Bitcoin

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
Buy Bitcoin

Bitcoin VietnamBitcoin Vietnam Buy Bitcoin

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
Buy Bitcoin

VBTCVBTC Buy Bitcoin

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
Buy Bitcoin

Bitcoin ATMsBitcoin ATMs Buy Bitcoin

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
Buy Bitcoin

Mycelium Local TraderMycelium Local Trader Buy Bitcoin

Mycelium Local Trader helps you find local Bitcoin sellers. Once you locate a seller, you meet up in-person and conduct the trade. Mycelium charges absolutely no fees. While Mycelium Local Trader works great in highly-populated areas, users in low population areas will have trouble finding sellers.

Pros
  • Easy and cheap way to buy bitcoins with cash
  • Private way to buy bitcoins, no personal information required beyond cellphone number
Cons
  • Users in sparsely populated areas will have trouble finding sellers
Ease of Use
Average
Privacy
High
Speed
Fast
Fees
Low
Reputation
Trusted
Limits
High
Buy Bitcoin

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Bitcoin & Cryptocurrency Trading in Vietnam


Vietnam is one of the fastest growing economies in the world, with a burgeoning upper and middle class. It's capital 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.


Vietnam's GDP Growth - Annual Percentage

One of the easiest ways to buy Bitcoin in Vietnam is through cryptocurrency exchanges. There are several exchanges offering Bitcoin in Vietnam, and you can easily select one based on your requirements and preferences using our guide. 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 the fact that certain exchanges might require them to get a wallet of their own before they are able to buy the digital currency. Also, 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

Ledger Nano X

  • SCREEN:
  • RELEASED: 2019
  • PRICE: $119

Ledger Nano S

  • SCREEN:
  • RELEASED: 2016
  • PRICE: $59

TREZOR T

  • SCREEN:
  • RELEASED: 2018
  • PRICE: $159

TREZOR One

  • SCREEN:
  • RELEASED: 2013
  • PRICE: $59

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. You can locate Bitcoin ATMs in Vietnam using our Bitcoin ATM Map.




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Top Bitcoin & Cryptocurrency Exchanges in Vietnam


Vietnam has access to many large Bitcoin and cryptocurrency exchanges.

Have a look at our favorites below:

  • Popular Exchanges to Buy Bitcoin & Crypto in Vietnam
  • Coinmama
    • Works in almost all countries
    • Highest limits for buying bitcoins with a credit card
    • Reliable and trusted broker
  • eToro
    • Supports Bitcoin, Ethereum & 15 other coins
    • Start trading fast; high limits
    • Your capital is at risk.

    We do not promote, endorse, or earn commissions from the trading of securities of any kind, including CFDs, however, eToro requires that we provide you with the following disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 62% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.


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Best Bitcoin Wallets for Vietnam



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

Best for Security

Ledger Nano X

Secure storage for any cryptocurrency

Visit Website

The Ledger Nano X is the newest crypto hardware wallet, and is very easy to use. It connects to iOS, Android & desktop computers.

Temporary Wallet

Atomic Wallet

Best for storing crypto for short period of time

Learn More

Atomic wallet is a multicurrency mobile wallet with a beautiful interface and easy to use features.

Best for Desktop

Electrum

Simple yet powerful desktop wallet

Learn More

Electrum is a Bitcoin-only wallet that has been around since 2011. It's easy to use, but has advanced features.


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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.


A slide from Modern Tech's pitchdeck outlining payouts of the Ponzi

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.


A Sky Mining event photo courtesy of vietnamesebusiness.tv

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

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


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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?



What is the price of Bitcoin in Vietnam?

The current price of Bitcoin in Vietnam is ₫244,126,147, however this amount changes every minute, so always check the value on your local exchange.



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. Find them using our Bitcoin ATM Map.

Local Bitcoins is another option. Here, you can buy and sell Bitcoin for a wide range of payment methods, from gift cards to bank transfers. Local Bitcoins 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.