How to buy Bitcoin in Vietnam; The Bitcoin industry has experienced a massive spread since its invention. Many countries have adopted digital currency as a legal tender, and Vietnam is not excluded.
Vietnam has recently become an economic hotspot, benefiting greatly from the China-US trade war across many industries. The influx of funds has increased crypto investment in the area.
Buying Bitcoin may sound complicated to many newbies, but it does not have to be if you have the right information. If you are based in Vietnam and want to buy Bitcoin, this article is meant for you. We will highlight the best way to buy Bitcoin in Vietnam.
Bitcoin Trading in Vietnam
Vietnam has seen tremendous growth in cryptocurrency usage, ranking second out of 74 Asian countries in terms of volume held. Trade-in cryptos are lawful within the country’s borders, despite government opposition.
The country lacks a formal set of rules that control cryptocurrency trade and issuance. However, initial coin offerings (ICOs) via token sale platforms are prohibited under Vietnamese law.
Where to buy Bitcoin in Vietnam
To buy Bitcoin in Vietnam, you need an exchange platform. There are different exchange platforms in Vietnam, and below are the best six.
- BitcoinVN
- VBTC
- Binance
- Kraken
- Coinmama
- Huobi
How to Buy Bitcoin in Vietnam
In Vietnam, there are several ways to purchase Bitcoin and other cryptocurrencies. Below are the major ways you can buy Bitcoin.
Exchange platforms: Exchange platforms are a popular way of trading Bitcoin in Vietnam. These exchange platforms are required to be registered under the government of Vietnam. Unlike traditional exchanges, these exchange platforms operate 24 hours a day, seven days a week, ensuring a positive user experience.
Bitcoin ATM: You can buy Bitcoin from Bitcoin ATMs in the UAE. However, this might be difficult as there are limited numbers of ATMs across the country.
Bitcoin ATM locations in Vietnam
According to our research, there are only four Bitcoin ATMs in Vietnam, and they are located in Ho Chi Minh City.
How Does a Crypto Exchange Work?
A cryptocurrency exchange is a platform that connects buyers and sellers of cryptocurrencies. Unlike traditional exchanges, these operate 24 hours a day, seven days a week, ensuring a positive user experience. Some exchanges are simply peer-to-peer networks that offer their members escrow services.
How to Choose a Crypto Exchange in Vietnam
There are several variables to consider while selecting a cryptocurrency exchange. Due to the prevalence of cybercrime, conducting a crypto transaction without due diligence is risky. So, to assist you, we will outline the qualities of a good exchange platform.
Cryptocurrency Offerings
Without a doubt, the most significant part of selecting an exchange is the offerings. The top platforms can provide hundreds of cryptocurrencies to pick from, which is ideal for novice investors and those with prior knowledge in the crypto industry. In general, novice investors may prefer fewer options, while more seasoned investors like the ability to choose from a broader range of crypto offers.
Rate
When looking for an exchange platform, look for one with a high rate. This ensures that you obtain a good rate for your money every time you make a transaction. After all, no one would be pleased with a poor bargain.
Security
The bitcoin sector’s cyber hacking rate is at an all-time high; therefore, everyone expects to find a safe way to invest in crypto from the start. Finding a crypto exchange platform where you can trade confidently is critical and should be one of your priorities.
Options to Purchase and Trade
Depending on the exchange, it can represent the most convenience in depositing, buying, and selling. Depending on the platform, you can connect your account, a debit or credit card, or perform crypto-to-crypto trades with the correct exchange. Find one with the functionality you require to manage your cryptocurrency better. Working with an exchange or two may be necessary to discover what fits your needs.
Availability
Crypto regulations are still in the works. It is critical to establish whether the exchange you intend to use is available in your area.
How to sell Bitcoin in Nigeria
To buy Bitcoin in Nigeria, you need an exchange platform like Astro Africa. Astro Africa is a digital exchange platform that allows you to sell Bitcoin and other cryptocurrencies for Nigerian money. The platform is easy to use, sells bitcoin at the best rates, is swift, and has fantastic customer service. To use Astro Africa, you must create an Account. To create an account, visit the Astro Africa website or download the mobile app from the Google Play Store or App Store.
