How to buy bitcoin (btc) in vietnam


Bitcoin in Vietnam giới is a hot topic these days. Despite opposition from the banks and government, there’s still a thriving cryptocurrency market with lots of promise.

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eToro offers a wide range of cryptos, such as Bitcoin, XRP and others, alongside crypto/fiat and crypto/crypto pairs. eToro users can connect with, learn from, và copy or get copied by other users.

Binance has grown exponentially since it was founded in 2017 và is now one of, if not the biggest cryptocurrency exchanges on the market.
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Bitcoin is growing in value all the time, which makes it an ikhuyễn mãi giảm giá opportunity for investors to lớn make money. At the time of writing, a single Bitcoin is worth 338 million Vietnamese Dong (if you want lớn trade Bitcoin VND is accepted on many platforms).

In 2017, 7,000 new Bitcoin mining rigs were mix up in Vietnam, & 5,000 of these came in after November. This suggests a huge amount of activity in Vietnam’s Bitcoin economy.


Because of the strong stance the banks have sầu taken against cryptocurrency in Vietphái mạnh, it’s important lớn get to know the rules first, but buying & selling Bitcoin in the country can be highly rewarding.

Things lớn Know Before You Get Started


Bitcoin is becoming heavily regulated in many parts of the world, và Vietphái nam has recently taken some steps in this direction. As of 2018, it is illegal khổng lồ use Bitcoin khổng lồ pay for things in the country.

Anyone breaking this law is liable khổng lồ face a large fine và maybe even imprisonment. This means it’s very important to be careful và understvà the law when dealing with Bitcoin in Vietnam giới —but it doesn’t mean that it’s illegal lớn invest in Bitcoin in Vietnam giới.

The law doesn’t prohibit investing in Bitcoin — just don’t use it to lớn buy products and services in Vietphái nam. Also, new legislation as part of a wider economic upheaval will attempt lớn tax Bitcoin assets in the country, so make sure you pay what you owe.

Support for Bitcoin in Vietnam

While the government might be against Bitcoin, the good news for investors is that there’s still a large community of Bitcoin enthusiasts in Vietphái nam. There are four Bitcoin ATMs in the country, all located in Ho Chi Minh City.

There are also plenty of online resources where Bitcoin fans can interact & cốt truyện ideas. These include a number of Facebook groups, & forums lượt thích the Vietnam branch of Bitcointalk. There are also several platforms so if you want khổng lồ buy Bitcoin online Vietphái mạnh is well prepared.

Some shops in the country also accept payments in Bitcoin, although it’s worth noting that this is now illegal and it’s unclear how the new laws will deal with these businesses. Remember, if you wish khổng lồ purchase in Bitcoin Vietnam may not be the best place lớn vày this.

However, if you’re careful và responsible và wish to lớn invest in Bitcoin Vietnam giới is perfectly fine.

Other Cryptocurrencies

Vietnam’s recent laws focus on Bitcoin, although they probably apply khổng lồ all other cryptocurrencies too, so exercise caution.

While Bitcoin is the most well-known & valuable cryptocurrency, there are many others that are worthy of investment. These include Ether (ETH), Ripple (XRP), & Litecoin (LTC).

These are good choices because they’re fairly stable và reliable, & likely to lớn grow in value. There are also many other, less well-known cryptocurrencies which might not be such a good choice, because they’re more likely lớn fail & thảm bại value.

How lớn Buy Bitcoin in Vietnam

There are two main methods for those who wish to purchase Bitcoin in Vietnam giới, & the one you use will depend on your preferences and reasons for buying. If you want to buy BTC online, VND is accepted in some places but not all.

The two options are lớn buy as a CFD, or to buy directly from cryptocurrency exchanges. Each has its own pros và cons, which will be covered in the next section.


Buying Bitcoin as a CFD in Vietnam

CFD stands for ‘contracts for difference’, & it’s a way of trading that is traditionally used for stoông xã market exchanges. It’s a good method for beginners because of its safety và simplithành phố.

Why choose the CFD method?

When you buy Bitcoin as a CFD you can trade on leverage. This means you don’t have to lớn put down the full amount of the trade when you buy, just a fraction of it. The benefit of this is that you can nói qua your money over multiple trades.You’re exposed to lớn the liquidity of two markets. In simple terms, this means that it’s much easier to sell your coins & leave a market (it can happen straight away). With other methods you may have to lớn wait a while for somebody toàn thân else khổng lồ buy your Bitcoin.There’s a lot of regulation, and powerful organisations exist lớn enforce the rules with CFD trading. This means your risk of being scammed is lower than with other methods, and if something goes wrong you’ll get better help & support.Finally, you can expect lower fees and more flexibility with payment methods.

Using eToro to buy Bitcoin

eToro is one of the best platforms out there when it comes lớn buying Bitcoin as a CFD. That’s because it’s very user-friendly, supports a wide range of payment methods, and has low fees.

This guide will explain how best lớn buy Bitcoin from eToro. It’s supported in Vietphái nam, as well as most countries in the world.

Step One – Join eToro by going onkhổng lồ the trang web và clicking the button marked ‘Join Now’, as shown here:


This will lead to a screen that looks like the one below. Here you must enter your name, along with a username & a password.


Step Two – get ready to trade. After signing up you’ll need to lớn add funds khổng lồ your tài khoản so you can buy Bitcoins. To vị this, clichồng the button marked ‘Deposit Funds’ in the bottom left corner of the homepage, which looks lượt thích this:


This will take you lớn a payment screen, where you can enter the amount of money you wish to lớn deposit along with your chosen method of payment. One of the great things about eToro is the range of payment options. These include credit card, PayPal, và many others. Fill in your billing details.


eToro only works with a small number of currencies, và for those who wish to lớn invest in Bitcoin VND isn’t one of them, but it’s easy lớn use another currency & work out the amount using a calculator or conversion tool.

For deposits over 2000 euros, you may be asked to provide identification.

Step Three – buy some Bitcoin from one of the markets. In the sidebar on the left hand side of the screen there is a ‘Trade Markets’ option. Clichồng this to access the range of markets you can use. The best one for buying Bitcoin is the ‘crypto’ market. Cliông xã this one.


On the next screen, find Bitcoin và cliông xã the number marked ‘B’ at the end of the same row. This will take you to a screen where you can buy.

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Almost there! On this interface, you simply need lớn enter the amount of Bitcoin you wish lớn purchase. You can also mix a ‘stop loss’ amount và a ‘take profit’ amount to make the process more automated & easier.


Hit the ‘Open Trade’ button to finish the process. Congratulations! You just bought some Bitcoin as a CFD.

Buying Bitcoin directly from an exchange

The downside lớn buying Bitcoin as a CFD is that you don’t actually own the assets. When you buy from an exchange or from another person, you’ll actually be the owner of the coins you pay for.

When buying from an exchange, there are many options available lớn you in Vietphái mạnh. There are Vietnam-specific crypto lớn exchanges lượt thích VBTC, and plenty of international exchanges like Coinbase and Localbitcoins.

To get started in this process, one of the main things you’ll need is a cryptocurrency wallet.

Cryptocurrency wallets

Digital wallets don’t actually hold your coins. Instead, they’re home khổng lồ two quality security keys (public & private) which you can use to access your coins and carry out transactions like buying và selling.

These come in many shapes and sizes, và the type you get will depkết thúc on how concerned you are about things like convenience và security.

Here are some of the main types of crypkhổng lồ wallet:

Online wallets — these are the kind you get when you sign up for an exchange. They’re based online, which means they can be vulnerable to hackers. On the plus side, they’re easy lớn access và manage.thiết bị di động wallets —these are stored on your phone, usually as an phầm mềm. This makes them very convenient as you can access them from almost anywhere, & use them khổng lồ make purchases in places lượt thích cafes and shops. However, they’re only as safe as your phone is.Software wallets —these are stored on your computer, but offline. They’re sometimes called desktop wallets, và are safer than online versions because they’re tougher for hackers to access. The downside is that they aren’t as convenient.Hardware & paper wallets —these are the least convenient types of wallet because they’re stored offline, away from the computer. Hardware wallets are kept on things like removable disk drives, và paper wallets are security keys printed onlớn paper. These are, however, extremely safe if you look after them properly.

Once you’re familiar with crypkhổng lồ wallets and how they work, you can begin the process of buying from an exchange. Fortunately this is quiông chồng và easy. The two main ways are to lớn buy from a centralised exchange lượt thích Coinbase, or directly from another person on an exchange lượt thích Localbitcoins.

The second option has lower fees, but it’s important to lớn make sure you’re trading with a trustworthy person.

Buying Bitcoin in Vietphái mạnh with Localbitcoins

Localbitcoins is a great way to lớn trade Bitcoin in Vietphái nam because it’s user friendly & affordable. It works by connecting buyers và sellers of Bitcoin, & you can buy using the platsize or by meeting in real life khổng lồ pay in cash. It also uses Vietnamese Dong; whereas with many platforms if you want to purchase Bitcoin with fiat currency, VND is not an option.

Step One – sign up khổng lồ Localbitcoins by visiting the trang web and entering your name, gmail address, và a password.


Step Two – find a seller. Localbitcoins has a great tìm kiếm interface, where you can look for sellers based on their country, region, preferred payment method, và how much you wish khổng lồ buy. Payment methods are always phối by the seller.

You can select currency, and for buying Bitcoin VND is accepted on Localbitcoins.


The tìm kiếm results will show all the users who match your criteria along with some information. This is important because it shows how trustworthy they are — this will help you avoid scams.

The % number next to lớn each user’s name shows their feedbaông xã score, so aim for users with the highest scores here. The number next to this one shows their number of completed trades. Again, higher is better.

The colour next khổng lồ their name shows how quickly they usually reply. Green means less than five sầu minutes, yellow means less than 30 minutes, & grey means more than 30 minutes. This is probably less important than the first two numbers, but worth checking if you want lớn urgently complete the trade.


Step Three – find a user who looks reliable & safe, & buy some Bitcoin! First kiểm tra how much they’re selling the Bitcoin for (the number in green in the price/BTC column). Then, click ‘Buy’ to lớn finish the trade.


nhận xét the final terms & the seller’s profile, và then when you’re ready cliông chồng ‘Sover Trade Request’ khổng lồ be taken to lớn a payment screen.

Now you’ve sầu finished the trade and successfully purchased Bitcoins from another person. There is a small transaction fee in order khổng lồ pay the Bitcoin miners, but otherwise no costs.

When it comes to lớn Bitcoin Vietphái mạnh might have sầu some strict regulation, but as this guide shows it’s still legal & easy to buy Bitcoin online in the country.

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Rethành viên khổng lồ stay educated on the law and take as many steps as possible khổng lồ stay safe when trading cryptocurrencies. For those wishing to trade Bitcoin Vietnam giới is still a good place khổng lồ vì this.