In 2025, Vietnamese users are increasingly interested in purchasing Bitcoin. To get started, beginners should prepare an e-wallet and basic knowledge of blockchain. Next, users will create accounts on reputable exchanges, then deposit money into their trading accounts. Once ready, they can place direct buy orders for Bitcoin on the exchange. After trading, Bitcoin should be stored in a cold wallet for enhanced security. Join Vietnam-ustrade to explore more information and trading methods for Bitcoin!
Overview of cryptocurrencies, digital currencies, and tokenized assets
Cryptocurrencies serve as a form of digital money using blockchain technology to ensure transparency and security in transactions. Bitcoin, created by an individual or group under the pseudonym Satoshi Nakamoto in 2009, paved the way for thousands of other cryptocurrencies with various applications and technologies.
Tokenized assets include many types, not limited to digital currencies:
| Type of Tokenized Asset | Definition | Examples |
| Cryptocurrency | Digital assets designed to operate as a medium of exchange | Bitcoin (BTC), Ethereum (ETH) |
| Utility Token | Tokens providing access to specific products or services | Filecoin (FIL), Basic Attention Token (BAT) |
| Security Token | Represents ownership rights in traditional assets like stocks, bonds | tZERO, Polymath |
| Stablecoin | Cryptocurrency designed to maintain stable value, often pegged to fiat currencies | USDT, USDC, BUSD |
| NFT (Non-fungible Token) | Non-fungible token representing ownership of unique digital assets | Bored Ape Yacht Club, CryptoPunks |
The global cryptocurrency market has experienced many growth and decline cycles since Bitcoin’s inception. Investors analyze market structure, trading volume, and technological advancements to make informed investment decisions. In Vietnam, the cryptocurrency market has grown strongly, with an estimated ~5.9% of the population owning some form of cryptocurrency, according to Chainalysis data up to 2024.
Recommended reputable exchanges in Vietnam
Profits from operating crypto exchanges are substantial, so it’s understandable that many are emerging rapidly, especially in the current period when crypto trading is becoming more popular. This makes choosing an exchange difficult for investors. How to select a reputable, affordable, and quality platform? We will help you by highlighting the most trusted and popular exchanges today.
Remitano
Remitano’s reputation is well-known among Vietnamese investors, so it’s no surprise to see its name on the list. Over the years, Remitano has been famous for handling the largest daily Bitcoin trading volume among exchanges, offering low prices for Bitcoin, and being trustworthy and safe. Therefore, we recommend Remitano as the top choice.
Fiahub
Fiahub is an emerging name affecting Vietnamese investors, a new exchange with certain advantages: stable buying/selling prices, simple and quick transaction processing, and low fees. Currently, it only supports buying and selling Bitcoin and Ethereum, but plans to add other coins like USDT and tokens. Additionally, Fiahub supports many banks, making transactions more convenient.
Huobi OTC
Huobi OTC is a platform under Huobi Global — one of the top 5 crypto exchanges globally, alongside giants like Binance. Launched in 2018 in Vietnam, Huobi OTC has attracted much attention and support worldwide due to the platform’s features and reputation. Advantages include high security, diverse payment channels, but the selling price tends to be higher than other exchanges.
Black Market Bitcoin Purchase
In Vietnam’s crypto market, the black market is also a frequently mentioned trading avenue. Transactions through the black market are done via trusted third parties, meaning no direct trade with exchanges but instead on social media platforms or interaction channels with like-minded traders. Black market trading can be on social platforms like Facebook, Instagram, Twitter…
Advantages:
- No transaction fees: transactions are direct between buyer and seller, mutually beneficial, and free of transaction fees. If you hire an intermediary, a small fee is paid, but lower than exchange fees.
- No legal worries: buying Bitcoin on the black market is akin to a swap, not used for purchasing goods or services, thus not violating regulations. However, buying on exchanges requires proper licensing, and if you use an unlicensed exchange and get scammed, you bear all consequences.
Disadvantages:
- The obvious risk is many have lost money in black market trades, especially when not meeting in person or with hired third parties. There is a risk the trader might run away after receiving payment or the intermediary might scam both parties. So, ensure face-to-face meetings or very trustworthy persons when engaging in black market trades.
What do you need to prepare to buy Bitcoin?
Investors should prepare some basic factors before buying Bitcoin in Vietnam. Proper preparation helps avoid risks and facilitates smooth transactions. Reputable exchanges usually require identity verification (KYC) before allowing large transactions.
Necessary preparations when buying Bitcoin:
- Valid Identification:
- ID card / Citizen card
- Valid passport
- Driver’s license (some exchanges accept)
- Clear portrait photo for verification
- Bank account or payment method:
- Vietnamese bank account under your name
- E-wallets (Momo, ZaloPay, VNPay, etc.)
- International credit/debit cards (Visa, Mastercard)
- International electronic payment accounts (like PayPal)
- Basic knowledge:
- Understanding how blockchain works
- Knowledge about different cryptocurrency wallets
- Learning safe transaction methods
- Understanding market volatility and risk management
- Cryptocurrency wallets:
- Hot wallet (online) for frequent transactions
- Cold wallet (offline) for long-term storage
- Mobile wallet apps
- Desktop wallet software
Choosing the right wallet plays an important role in protecting digital assets. Different types of wallets offer varying levels of security and convenience:
| Type of Wallet | Advantages | Disadvantages | Suitable for |
| Online Wallet (Exchange) | Easy to use, quick access | Higher security risk | Short-term trading, small amounts |
| Mobile Wallet | Convenient, daily use | Susceptible to malware attacks | Frequent trading |
| Desktop Wallet | Full interface, many features | Virus/malware risks | Professional traders |
| Hardware Wallet | High security, offline | Expensive, less convenient | Long-term storage, large amounts |
| Paper Wallet | Offline entirely, hack-proof | Easily lost or physically damaged | Backup storage |
Investors should carefully assess their financial capacity and risk tolerance before deciding how much to invest in Bitcoin. Financial experts recommend investing only what you can afford to lose, typically no more than 5-10% of your total assets. A diversified investment strategy helps mitigate risks and maximize potential long-term profits.
Guide to purchasing Bitcoin in Vietnam
Vietnamese individuals can buy Bitcoin through various methods, each with its distinct advantages and limitations. Online exchanges offer the most convenient platform for beginners, with user-friendly interfaces and numerous features. To buy Bitcoin safely, users must follow the registration and verification process specified by each exchange.
Bitcoin purchase process on exchanges:
- Create an account:
- Access the exchange’s website or app
- Fill in basic personal info: email, phone number
- Create a strong password combining letters, numbers, and special characters
- Verify email and phone number
- Identity verification (KYC):
- Provide detailed personal info
- Upload ID documents (ID card/CCCD/Passport)
- Take a selfie according to instructions
- Wait for verification to complete (can take a few minutes to several days)
- Deposit money into account:
- Choose deposit method (bank transfer, e-wallet, credit card)
- Enter deposit amount
- Follow payment instructions
- Confirm transaction and wait for funds to be credited
- Buy Bitcoin:
- Select VND/BTC trading pair
- Enter amount of Bitcoin to buy or VND to spend
- Check exchange rate and fees
- Confirm and complete the purchase
Besides online exchanges, Vietnamese people can also buy Bitcoin via ATM machines, P2P trading, or through crypto brokers. Each method has its characteristics suitable for different needs:
| Method | Advantages | Disadvantages | Security |
| Exchange platform | High liquidity, many features | Fees, KYC required | High (if reputable) |
| P2P trading | Flexible payment methods | Partner risk | Moderate (depends on seller) |
| Bitcoin ATM | Relative anonymity, easy to use | High fees, limited amount | High |
| Broker | Personalized support | Higher fees | High (with reputable broker) |
| Bitcoin ETF | Simple, no wallets needed | No actual Bitcoin ownership | High |
When buying Bitcoin, investors should pay attention to factors like transaction fees, buy-sell spread, exchange liquidity, and security measures. Reputable exchanges typically apply two-factor authentication (2FA), encrypt data, and insure digital assets to prevent security risks.
Vietnamese users should also consider current legal regulations on taxes and asset reporting when trading Bitcoin. Despite the lack of a specific legal framework for cryptocurrencies in Vietnam, profits from digital asset investments may be considered taxable income in some cases. Consulting financial or legal experts can help investors comply with current regulations and avoid future legal issues.
Buy and sell Bitcoin on Binance P2P
The Binance P2P platform offers a direct trading method with many advantages for Vietnamese users. P2P (Peer-to-Peer) trading allows buyers and sellers to connect directly through Binance with local payment options like bank transfers, e-wallets, and other popular methods in Vietnam. Binance’s escrow mechanism protects both parties during transactions, reducing fraud risk.
Buying Bitcoin on Binance P2P process:
- Create and verify Binance account:
- Register on Binance with email and phone number
- Complete KYC verification
- Enable two-factor authentication (2FA)
- Access P2P feature:
- Navigate to “P2P Trading” on app or website
- Select “Buy” for Bitcoin and other cryptocurrencies
- Choose “VND” as currency and “BTC” as cryptocurrency
- Select seller:
- Check rates, payment methods, trading limits
- Review seller’s completion rate and ratings
- Choose sellers with high completion rates and good reviews
- Execute transaction:
- Enter amount of BTC or VND
- Confirm transaction terms
- Click “Buy BTC” to initiate
- Transfer money to seller as instructed
- Confirm payment and wait for seller to release Bitcoin
- Complete trade:
- Receive Bitcoin in your Binance wallet
- Rate the seller after completion
- (Optional) Transfer Bitcoin to personal wallet
Binance P2P offers significant advantages over other Bitcoin purchase methods in Vietnam, such as:
| Criteria | Binance P2P | Traditional Exchanges | Off-Exchange P2P |
| Transaction Fee | 0% (seller pays) | 0.1-0.5% | Negotiable |
| Payment Methods | Various, suitable for Vietnam | Limited | Flexible |
| Security | High escrow, secure | High | Low, high risk |
| Trade Speed | 15-30 mins | Instant | Negotiable |
| Trade Limits | Flexible | Dependent on verification level | Unlimited |
| Customer Support | 24/7, multilingual | 24/7 | None |
Vietnamese users should observe some important notes when trading on Binance P2P to ensure safety:
- Trade only with sellers having high completion rates (>95%) and positive reviews
- Never make payments outside Binance platform
- Follow seller’s payment instructions carefully
- Only confirm payment after transferring money
- Keep proof of payment until trade finalization
- Use chat function on platform for communication when needed
In addition to buying Bitcoin, users can also sell Bitcoin on Binance P2P to convert into VND. The selling process is similar but reversed: listing Bitcoin for sale and receiving VND payment from buyers. This feature is especially useful for Vietnamese users to quickly and conveniently withdraw profits from crypto investments to local bank accounts.
Popular Bitcoin exchanges in Vietnam
Vietnam’s cryptocurrency market includes many international and domestic exchanges serving local users. These exchanges differ in features, fees, liquidity, and support for Vietnamese users. Choosing the right platform greatly influences investment experience.
Popular exchanges in Vietnam include:
- Binance:
- Largest exchange globally by trading volume
- Supports full Vietnamese language and local payment methods
- Low trading fee (0.1%), reduced with BNB tokens
- Diverse product range: spot, futures, staking, launchpad, etc.
- User-friendly for beginners
- Remitano:
- Popular P2P platform among Vietnamese users
- Specializes in escrow-based P2P trades
- Supports many local payment methods
- Vietnamese language support and customer service
- Allows direct bank deposits/withdrawals in Vietnam
- VNDC:
- Vietnam-based crypto platform
- Offers stablecoin pegged to VND (VNDC)
- Full Vietnamese language and local bank support
- Focused on local user experience
- Can link directly to Vietnamese banks
- OKX:
- International exchange with large volume
- Offers various financial products: spot, margin, futures, options
- Supports Vietnamese language and local payment options
- Competitive fees, discounts for large traders
- Diverse staking and farming features
- Bybit:
- Renowned for derivatives trading
- User-friendly interface
- Supports Vietnamese and local methods
- Copy trading feature for beginners
- Good liquidity for major pairs
When selecting a trading platform, Vietnamese users should consider:
- Legality and reputation: Choose platforms with transparent history, no records of security breaches or scams
- Liquidity: Large trading volume usually offers better prices and faster execution
- Fees: Compare fee structures (maker/taker) and discount programs
- Local support: Vietnamese language, local payment methods, customer support
- Security: Two-factor authentication, digital asset insurance, strong security track record
- Additional features: Staking, launchpad, lending, and other financial products
Major international exchanges like Coinbase and Kraken have limited support for Vietnamese users, making deposit and withdrawal in VND difficult. Hence, Vietnamese tend to prefer platforms with local support or P2P exchanges enabling direct transactions in Vietnamese dong.
Should I invest in buying Bitcoin?
Bitcoin represents a new class of investment with unique risk-return characteristics compared to traditional investment channels. Investors should carefully consider objective and subjective factors before investing in Bitcoin. History shows that Bitcoin has gone through many volatile cycles, with daily price swings sometimes reaching dozens of percent. This high volatility presents opportunities for high gains but also substantial risks. The 24/7 cryptocurrency market is influenced by news, regulations, market sentiment, and macro trends globally.
Potential benefits of investing in Bitcoin:
- High growth potential:
- Bitcoin has shown impressive price appreciation across cycles
- Limited supply of digital assets (max 21 million BTC)
- Blockchain technology increasingly adopted
- Acceptance by major financial institutions and institutional investors
- Diversification of investment portfolio:
- Bitcoin has low correlation with traditional assets
- Reduces overall portfolio risk
- Acts as ‘digital gold’ in inflationary environments
- Potential safe haven in certain economic scenarios
- High liquidity:
- Trade 24/7 on global platforms
- Easily converted into fiat currency
- No borders or traditional finance limits
- Competitive transaction costs for international transfers
- Ownership of real assets:
- Full control over digital assets with private keys
- No dependency on third parties like banks
- Resistant to censorship and asset seizure
- Protects against adverse monetary policies
Conclusion
Bitcoin and the cryptocurrency market created a new class of assets with distinctive features and notable potential for Vietnamese investors. This article provides a comprehensive guide on how to buy and invest in Bitcoin in Vietnam in 2025, from basic cryptocurrency knowledge to specific steps and choosing suitable exchanges.
See more: Buy USDT
