HOW TO BUY BITCOIN (BTC) IN VIETNAM

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Learn how to easily buy Bitcoin (BTC) by following our step-by-step guide & comparing 10+ crypto exchanges.

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Disclaimer: This information should not be interpreted as an endorsement of cryptocurrency or any specific provider, service or offering. It is not a recommendation to trade.

How to lớn buy Bitcoin

To buy Bitcoin, you just need access to one of the many platforms that sell it. These platforms are called cryptocurrency exchanges. If you"re just starting out with Bitcoin, then you will need lớn figure out how to convert your government currency (fiat) into Bitcoin using one of these exchanges. We"ve boiled down the process of buying Bitcoin into 4 steps. Regardless of which exchange you use, these 4 steps will be roughly the same.

Don"t worry – while you may find Bitcoin complex, buying it is straightforward and will take about 30 minutes out of your day.

Step 1. Choose where to buy

A cryptocurrency exchange is a trang web that allows you to lớn buy and sell cryptocurrencies. They operate similarly to stock trading platforms. Cryptocurrency exchanges differ by fees, security, payment methods and features, so use our table khổng lồ determine which one is the right fit for you. As a beginner, you don"t need a big range of features, và you can always sign up khổng lồ other exchanges later.

Some of the most popular exchanges that accept VND are Binance Cryptocurrency Exchange, AAX Cryptocurrency Exchange và eToro Cryptocurrency Trading. All of these exchanges are considered relatively beginner friendly và offer deposit methods in a variety of methods.

You can see a danh sách of exchanges in the table, which you can use khổng lồ compare various features such as supported payment methods, security, fees & the number of different cryptocurrencies that they offer.

Once you have chosen an exchange, you will need to go lớn its website and create an account.

You can vì this by selecting the button next khổng lồ the exchange"s name in the table.

To help you pick an exchange, consider the following:

Fees: Purchase and sale of crypto assets incurs fees that can showroom up over time. Paying with a credit thẻ tends lớn be the most expensive option, due khổng lồ it being considered a cash advance in many cases. Keep an eye out for exchanges with miễn phí payment methods like a bank transfer. Look for exchanges with low trading fees, zero deposit fees for fiat and crypto, and cheap or covered withdrawals.Coins: You know you want some BTC, but have are there other coins & tokens you want lớn purchase later? If you"re planning lớn diversify your portfolio, look for an exchange with your other assets of interest. If you"re just buying Bitcoin, choose an exchange that gives you the lowest fees and best security. If you plan on trading other cryptocurrencies, then find a platform that fits those needs.Location: Regulated cryptocurrency exchanges must comply with local laws and regulations. Some exchanges are unavailable in certain countries or states. Be wary of exchanges located in foreign tax-havens with weak consumer laws & unregulated exchanges.Step 2: Create an account

Once you have selected an exchange from the table, you can sign up for an trương mục by selecting the "Go khổng lồ site" button. This will take you to the tài khoản creation page, where you can fill in your details, starting with your name and thư điện tử address.

You will then need to lớn verify your identity and address, which is part of a process called Know Your Customer (KYC), which is a legal requirement for most exchanges in Vietnam. To vì chưng this, you will need photo ID as well as a copy of a recent bank statement or utility bill that has your address on it.

KYC is typically approved instantly, although in some cases, you will have to lớn wait a few days before your trương mục is verified. Once your tài khoản is approved, you will need to lớn choose a payment method to deposit funds into your trương mục before you can make any purchases.

ExchangeBank depositCard depositCrypto depositBuy Bitcoin
Binance Cryptocurrency ExchangeGo to lớn site
AAX Cryptocurrency ExchangeGo to site
eToro Cryptocurrency TradingGo to site
Step 3: Fund your account

To buy Bitcoin (BTC), you will first need lớn deposit money into your exchange trương mục or links a credit or debit card.

Depositing funds: The cheapest way to buy Bitcoin is typically by depositing money from your ngân hàng account khổng lồ an exchange and then using it for purchases. However, you might over up waiting a few days for the funds khổng lồ arrive, depending on the ngân hàng and the exchange. Once the funds arrive, you can then buy Bitcoin.

Buying with a credit card: Buying Bitcoin with a credit thẻ can be a convenient way lớn buy Bitcoin, but there are trade-offs. For starters, fees are typically more expensive than depositing funds through a ngân hàng transfer. Credit cards are primarily used for instant purchases, so you can"t use them to deposit funds in the exchange. If you only have a credit card available, the fees can showroom up quickly. For example, credit thẻ providers will typically charge you a cash advance fee which can be quite costly. Depending on your credit card provider and country, some providers will not let you purchase cryptocurrency. Check out vmvc.com.vn"s guide on how to lớn buy Bitcoin with a credit card to figure out the details that work best for you.

Buying with a debit card: Buying with a debit card is a lot lượt thích using a credit card, but with much better fees. Of the 3 options to lớn fund & buy Bitcoin, a debit card provides you with decent fees & near-instant deposit of funds or Bitcoin.

Don"t găng too much about which option you choose, as you can always change it later. But if you"re planning to lớn make a large purchase, then it is worthwhile to calculate the fees involved with each method to lớn determine the best value.

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Step 4: Buy Bitcoin

First things first – you don"t have to lớn buy a whole Bitcoin. Most exchanges will let you buy as little as a few Vietnamese đồng"s worth, usually even less. Simply type in how much you want khổng lồ spend in VND, and let the exchange calculate the rest.

Secondly, keep in mind that some exchanges only have one way khổng lồ buy Bitcoin, while others offer multiple ways to buy. The 2 most common methods in Vietnam are instant buy & the spot market.

Instant buy

An instant buy is typically done with a credit card, but can also be done with fiat or crypto already in your exchange account. Instant buys tend lớn have the highest fees & are at market price, meaning you are likely paying more than you would if you used the spot market. If using a credit card, there are additional fees too. With instant buys, you are paying for convenience & speed. Generally, you pick an asset khổng lồ buy and an amount to lớn spend. You are then given a preview of the transaction, & after checking the details, you finalise the purchase.

Spot market

The spot market is often found under a "Trade" or "Spot" heading. Unlike an instant buy, the spot market allows traders lớn set desired parameters for a purchase or sale. There are multiple types of trades that you can make on a spot market page. You can make a market order, which is like an instant buy/sell but has lower fees. You can also make a limit order. This is the other most common order type, where you choose a desired price khổng lồ buy or sell. Limit orders have lower fees than market orders. There can be other trading options too, depending on the exchange.

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After you"ve bought Bitcoin

Once you"ve acquired Bitcoin, whether through an instant buy or the spot market, you have 2 options. The first option is khổng lồ leave it on the exchange in order khổng lồ be able lớn quickly sell or trade it. The other option is lớn send your Bitcoin khổng lồ an external wallet where you hold the keys. This is more complicated, but a safer overall choice.

Send your Bitcoin to lớn a wallet

Learning how khổng lồ use a cryptocurrency wallet takes some time and effort. But there are several benefits khổng lồ moving your coins off an exchange.

Not your keys, not your coins: A mantra repeated by cryptocurrency enthusiasts is "Not your keys, not your coins." Unless your Bitcoin is in a wallet that you own the private keys to, then you don"t have control over it. Many consider it bad practice khổng lồ keep coins on an exchange as this means you are trusting them lớn a third party.Hacking: Exchanges are prime targets for hackers, who can either mod the exchange itself or trick users into handing over their tài khoản information through techniques known as phishing.Keep your Bitcoin on an exchange

Exchanges have come a long way since the early days of Bitcoin. Many of the big players now use advanced security practices, hardware và education khổng lồ help protect user funds. Several exchanges now also insure user funds up lớn a certain value. Aside from security, there are additional reasons to consider when leaving Bitcoin on an exchange.

Convenience: Leaving your Bitcoin on the same exchange you purchased it on is convenient for a number of reasons. You only need to remember a single account và password và can easily đứng top up your portfolio as you see fit, & it allows you to manage all your crypto-related finances in one place.Casual investor: If you are a casual investor và more concerned with speculating on the price of Bitcoin than taking advantage of its utility, then keeping your Bitcoin on an exchange might be the easiest way for you khổng lồ manage your investment.Frequent trader: If you plan khổng lồ trade Bitcoin frequently, then leaving it on the exchange is the easiest option. But you can always use a decentralised exchange, which is a way of trading directly from your personal cryptocurrency wallet.Security: Every cryptocurrency exchange is different, & so is its security. Some exchanges cốt truyện their security practices publicly, while others prefer to lớn keep them confidential. If you plan to lớn keep your coins on an exchange, make sure to vày your own research. Some features you want lớn look for include the following: Cold storage: The exchange should store the majority (90% or more) of users" assets offline, safe from hackers.Multi-sig wallet: These are wallets that require multiple private keys for withdrawals, and exchanges should use these for their cold storage.Two-factor authentication (2-FA): This is a unique, time-sensitive code sent to lớn a user"s device or through an app like Authenticator. It should be required for logins và withdrawals at a minimum.KYC/AML required for all users: Every user of the exchange should undergo KYC/AML. This helps ensure there are no bad actors using the platform.Anti-phishing measures: This can be a quality user-created code that is sent in every communication from the exchange. This ensures that the message was from them và is not a phishing scam.

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Insurance: There are now a variety of services that can provide insurance to lớn crypto exchanges for their assets. While there is rarely coverage if your account is compromised on your end, if the exchange is hacked the insurance covers affected users. Look for exchanges with some sort of insurance.

Bitcoin exchanges