Created in 2009 as a way of decentralising payments, Bitcoin (BTC) has orchestrated a whole new financial order. Today, BTC has become a favourite for several institutional investors due to its deflationary nature. Given its large market cap, several top crypto exchanges offer trading support for Bitcoin. The digital asset’s popularity knows no bounds, and several investors are out to buy Bitcoin in Vietnam.

This guide offers in-depth steps on how to buy Bitcoin in Vietnam while answering the crucial question of the viability of the cryptocurrency for growth.

How to Buy Bitcoin Vietnam – Quick Guide

If you need to buy Bitcoin instantly, you can follow these quick steps to get started on our recommended crypto broker, eToro:

  • ✅  Open an account with eToroVisit the eToro website and create a free account.
  • 💳  Deposit – Complete know-your-customer (KYC) and click on ‘Deposit Funds’ to open up the payment page. Fill in your preferred amount and select a payment method.
  • 🔎  Search for Bitcoin – Type ‘BTC’ into the search box.
  • 🛒  Buy – Click on the first pop-up result and select ‘Trade’ to open up the order page. Insert how much Bitcoin you want to buy and click on ‘Open Trade’ to complete the trade.

Cryptoassets are a highly volatile unregulated investment product.

Where to Buy Bitcoin in Vietnam

The availability of a Bitcoin trading exchange depends on a user’s region of residence. For crypto investors in Asia, the platforms explored below are the best to invest in Bitcoin in Vietnam. They have been selected based on user convenience, unique features, low fees, security, and regulation.

1. eToro – Overall Best Place to Buy Bitcoin in Vietnam

eToro logoOur top pick for where to buy Bitcoin in Vietnam is eToro.com. Launched in 2007, eToro is a multi-asset investment broker with a long standing reputation for excellence. The crypto broker is reputed as the best social trading cryptocurrency platform.

eToro is rapidly expanding its crypto support library. Users can buy BTC in Vietnam in addition to 65+ other crypto assets on the platform.

Vietnamese investors can buy Bitcoin with eToro for as low as $50. This offering is accompanied by top-notch payment method support, including bank wire transfer and credit or debit cards. eToro also enables users to buy Bitcoin with PayPal and several other e-wallet solutions. The cryptocurrency trading platform is also affordable. eToro charges its users a 1% fee for buying and selling digital assets, along with a 0.46% spread charge.

eToro is highly user intuitive, and its clean-cut and user-friendly platform aids users to complete trades within minutes.

The broker allows new crypto investors to mirror or copy the trading strategies of more advanced investors through its CopyTrader functionality. This way, new users can better hedge against losing their capital and minimise their risks.

etoro best platform for crypto buying

Another popular tool is the CopyPortfolio. This feature focuses on asset diversification. The tool helps users to better spread their assets across top-performing industries and regions. CopyPortfolio automatically rebalances users’ portfolios in real-time based on how the sectors perform.

eToro pays close attention to its users’ security and offers bank-grade security protocols coupled with two-factor authentication (2FA). In addition to these, the broker is regulated by several top-tier financial watchdogs, including the Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), Financial Industry and Regulatory Authority (FINRA), and the Australian Securities and Investment Commission (ASIC).

Cryptoassets are a highly volatile unregulated investment product.

2. Crypto.com – Top Asia Broker to Buy Bitcoin Instantly

Crypto.com is a worthy alternative for investors to buy Bitcoin in Vietnam. Based in Singapore, the cryptocurrency exchange was launched in 2016 and has since gone on to attract over 10 million crypto faithfuls.crypto.com logo

Crypto.com enables users to buy, sell, and exchange over 250 digital assets. Users can get started with as little as $20 and fund their accounts with bank wire transfers, credit/debit cards, e-wallet solutions like PayPal, and several others. In addition, Crypto.com offers one of the best crypto credit cards, which allows investors to fund their cards using their fiat or crypto holdings.

As per fees, Crypto.com’s charges are considerably low. The platform’s fees begin at 0.4% for its level one traders. Holders of its in-house native token, CRO, enjoy a 10% discount, which slashes the fee structure to 0.36% if they stake up to 5,000 CRO. There are no deposit fees. However, withdrawals are charged based on the asset in question.

Crypto.com

The platform also offers a crypto staking platform which allows users to earn as high as 14.5% on their digital assets. Stablecoin deposits are rewarded with a 10% annual percent yield (APY).

Crypto.com is licensed by the Malta Financial Services Authority (MFSA) as a Class 3 Virtual Financial Assets (VFA) and operates under a license overview by the Monetary Authority of Singapore (MAS). The platform secures 98% of users’ funds in cold storages. Additionally, Crypto.com offers multi-factor authentication (MFA) and address whitelisting.

Cryptoassets are a highly volatile unregulated investment product.

3. Coinbase – Best Platform to Buy Bitcoin in Vietnam for Beginners

Launched in 2012, Coinbase Global Inc. is one of the most popular crypto destination spots in the world. The platform’s success lies in its focus on crafting a beginner-friendly crypto trading platform for users. Also, the platform grants users access to a slew of crypto-focused educational materials to help them get started.coinbase logo

Coinbase allows users to easily buy, sell, and speculate on the prices of over 10,000 top-ranking coins.

The platform charges 0.5% to 5% for its trading fees, and users can easily buy Bitcoin with PayPal for as low as $2. Users can fund their account based on their region of residence. They can easily fund their accounts using bank wire, debit card, PayPal, and other options. Debit card deposits are duly charged 3.99%.

Buy Crypto on Coinbase

Additionally, Coinbase offers more laid-back investors the opportunity to earn on their crypto assets. With Coinbase Staking, users can earn as much as 5% APY on their crypto assets. However, Coinbase charges a whopping 25% commission on staking profits making it a no-go area for retail investors.

In terms of security, Coinbase offers 2FA and cold storage for users’ funds. This second most popular Bitcoin exchange is regulated by the Financial Crimes Enforcement Network (FinCEN) and the FCA.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work and can afford the risks.

4. Binance – Top Platform to Buy Bitcoin for Low Fees

Binance is currently the world’s largest Bitcoin trading hub based on trading volume. Hence, the platform is a great spot for crypto investors looking to buy Bitcoin in Vietnam.binance logo

The crypto trading platform offers support for well over 600 coins, with more coins added regularly. Binance offers several services for different crypto user base. Advanced traders are more at home on Binance as they can easily trade digital assets on spot, margin, futures, and perpetual pairs. Inexperienced users can turn to the Binance Earn platform which offers a rich library of crypto assets investors can earn handsome rewards on.

Binance also offers one of the lowest trading fees in the crypto trading industry. Users are charged 0.1% for standard trading. This standard charge can be slashed by 25% if the user owns the native token, Binance Coin (BNB).

Binance home

Minimum deposit on Binance is pegged at $10. Users can fund their accounts using bank wire transfer, credit/debit cards, crypto-to-crypto transfers, peer-to-peer (P2P), PayPal, and other e-wallet solutions.

Security of user funds is paramount on Binance. User funds are protected using two-factor authentication (2FA), whitelisting, and SMS authentication process. Furthermore, platform security includes offline crypto storage and an in-house insurance mechanism called Secure Assets Fund for Users (SAFU).

In terms of regulation, Binance is licensed in most regions in which it operates. Also, the platform’s US subsidiary is regulated by the US Securities and Exchange Commission (SEC).

Cryptoassets are a highly volatile unregulated investment product.

5. Paxful – Best Platform to Invest in Bitcoin Vietnam Anonymously

Paxful is a top non-custodial crypto exchange that has become popular over the years due to its anonymity. The platform facilitates communication and trading between parties, effectively acting as a conduit and nothing more.paxful

If you’re looking to buy Bitcoin in Vietnam anonymously, Paxful should be your port of call. All users have to do is sign up with their email and password. There are no customer ID checks. Paxful also offers an escrow service that protects its buyers. The platform pairs users with a number of sellers and they select which offer suits them. Then the trade is executed in minutes

paxful

With support for dozens of payment methods, including bank wire transfer, credit/debit card, crypto-to-crypto, e-wallet solutions, and several others. Whatever you’re looking to buy, there’s a high chance that this platform has you covered. Aside from Bitcoin, users can also buy Ethereum and the popular stablecoin, USDT.

On Paxful, users’ funds are secured with the latest technology.

Cryptoassets are a highly volatile unregulated investment product.

6. BitcoinVN – Best Platform for Bitcoin to Fiat Conversion

BitcoinVN is a local crypto exchange that allows users to buy Bitcoin in Vietnam. The platform is remarkable for its rapid exchange capabilities, which allow users to exchange crypto for fiat within minutes.bitcoin vn logo

This exchange does not require new users to register for an account. Users can easily exchange fiat for crypto without providing their personal details. However, higher volume trades will require new users to complete the know-your-customer (KYC) process to unlock the full features of the exchange.

bitcoin vn logo

BitcoinVN supports 36+ digital assets. The exchange’s fees are based on the digital asset in question. For instance, the exchange of BTC is pegged at 1% while Ether is higher at 1.5%. Supported payment methods include bank wire transfers, fiat deposits through cards, and crypto-to-crypto transfers.

Cryptoassets are a highly volatile unregulated investment product.

Should I Buy Bitcoin?

One of the most googled query on the subject of cryptocurrencies is if BTC and Chinese crypto are still viable financial assets, especially in China. While cryptocurrencies are known to be highly fluid (volatile) in their price movements, several investors view the digital asset as a new and better financial model due to a number of reasons which we will be listing below.

Benefits of Buying Bitcoin

If you are thinking of when to Buy Bitcoin, we believe now is a great opportunity to buy the premier digital asset at a discount. Here are a few reasons why you should add even a fraction of the digital asset to your portfolio.

1. BTC is Deflationary

By its very design, Bitcoin is anti-inflationary or deflationary. Anonymous developer, Satoshi Nakamoto, hard-coded a hard-cap limit of only 21 million coins that will ever be mined. This makes the crypto asset intrinsically valuable because the moment the supply cap is exhausted no coins will ever be produced again. Following the economic model of asset valuation, supply crunch and growing demand would naturally cause the underlying asset to rise in value due to limited amount in circulation. This capability has seen several advocates point to BTC as a more viable store of value than gold.

2. Institutional Investors and Governments are Piling in

BTC adoption trajectory shows growing institutional interest in the digital asset. In fact, a large chunk of Bitcoin in circulation is currently in the custody of institutional investors, private organisations, and world governments. According to data from Bitcoin Treasuries, a global BTC indexing website, over $7.8 billion have been invested in BTC by public companies, representing a 1.267% share of the market.

World governments have also been stacking up their BTC reserves with $8 billion plus, representing 1.292% invested in Bitcoin. Private corporations have so far purchased $5.98 billion of BTC while exchange-traded funds (ETFs) have $24.2 billion in assets under management (AUM). This points to the growing influence of Bitcoin as a store of value.

3. BTC Is Still the Recognised Face in Crypto

Although the crypto market has since grown beyond Bitcoin’s shadow, several new investors still associate the overall ecosystem with the foremost crypto asset. According to a survey from top US crypto exchange Gemini, over 95% of US investors believe that cryptocurrency is synonymous with BTC. This data points to the large user base of the digital asset and its popularity.

4. Crypto Is Still In Infancy

2021 was a watershed year for the nascent industry as the digital asset ecosystem surged to an all-time high (ATH) of $2.9 trillion in total value locked (TVL). While this has dwindled in the past couple of months, the crypto ecosystem is still poised for a lot of growth. This is due to the continued growth of new decentralised financial solutions that are attracting more investors. Bitcoin would still play a crucial role in the crypto market’s growth due to its deep liquidity. An uptrend in the crypto market would likely be spurred by the first successful digital asset.

5. BTC Controls the Market

Bitcoin controls about 44.4% of the global crypto market, meaning that about $600 billion in market cap is owned by the crypto bellwether. The ripple effect of this mammoth market share is that Bitcoin is a principal catalyst in the rise or dip of the entire crypto market. Bitcoin has largely dictated the tune of the nascent industry with a rise in its value causing several alternative currencies (altcoins for short) to respond accordingly. This points to the market relevance of the digital asset.

Compared to other digital assets, Bitcoin has the best performing return on investment (ROI). The digital asset comfortably hit over 9,000,000% increase in return on investment when compared to its $0.1 starting price in 2009. This ROI further reveals the huge potential BTC holds for the future.

Ways of Buying Bitcoin

Several best crypto exchanges offer users several ways they can invest in Bitcoin Vietnam. However, these are some of the most popular methods users employ:

1. Buy Bitcoin with PayPal

PayPal is a popular US-based payment gateway. The payment company enables users to make cashless payments and purchases. PayPal has become one of the front-runners in the new crypto order and currently supports direct purchase and sales of BTC, ETH, and a number of digital assets. If your country is not supported by PayPal for direct crypto purchases, you do not have to worry.

A number of top crypto trading brokers like eToro allow users to buy Bitcoin with PayPal by using the payment gateway to fund their accounts. This comes with zero fees for deposits and you can even more readily increase your BTC positions without any fees attached.

2. Buy Bitcoin with Credit or Debit Cards

Credit and debit cards are easily the most popular means users employ in sorting their online transactions. This payment method has been adopted in also making crypto purchases. Hence, investors can buy Bitcoin with credit or debit card.

However, a number of platforms do not support both card functions. For instance, Coinbase does not support credit cards for a selected region while charging 3.99% for debit card transactions. Given this, we do recommend researching your preferred crypto broker to see if they support this popular payment method. Also watch out for likely fees you may incur using this method.

eToro is a viable option to use to buy Bitcoin with credit cards. The platform does not charge any underlying fees for these transactions. However, we recommend contacting your card issuer to learn the charges for making crypto purchases with credit cards.

Bitcoin Price

The premier digital asset kickstarted this year on a negative footing as it dipped from its November 2021 high of $69,000 high to $36,649. The downward spiral continued for much of the first three months before a surge saw BTC climb to $47,805 on March 30.

Bitcoin Price Chart

The digital asset has since been consolidating with slight bumps in price keeping it within the $25,000 and $35,000 price range. At press time, BTC is trading at $29,753, up 1.54% in the last 24 hours. Its moving average convergence and divergence (MACD) indicator is flipping bullish as it indicates a buy signal. A moderate relative strength index (RSI) figure of 40.28 shows that BTC is in the underbought region and there is still room for massive upside in the coming days.

If you are contemplating on when to buy Bitcoin, we believe now is the best time to do so for a bargain.

Bitcoin Price Prediction

Now, you’re ready to buy Bitcoin in Vietnam, but what’s the potential of BTC in the long term? Will the price explode 10X? 50X or 100X? While this is anyone’s guess, a look at the fundamental strength and technical performance of the digital asset can give us a window to predict its price.

Growing global inflation will keep BTC top of mind with several investors. With world governments printing more money to cover up for the economic decline prompted by the Covid-19 pandemic, crypto assets with deflationary tendencies like BTC would become more attractive to investors. This way, investors will convert fiat to BTC in order to protect their wealth from more devaluation.

Take for instance, the US government has so far printed $226.3 billion, indicating that $5 billion worth of notes has been added into the circulation.

Given this, Bitcoin could see its value retest its previous ATH of $69,000 by the close of the year and spike beyond the $100,000 value in the next few years.

How to Buy Bitcoin Safely

One of the principal barriers to the crypto space is safety and ease of use. Several mainstream investors are deterred by the frequent news of crypto scams and stolen funds. If you are in this class of investors, we will show you step-by-step how to buy Bitcoin safely.

How to Buy Bitcoin in Vietnam – Tutorial

To buy Bitcoin in Vietnam, we recommend using the regulated crypto broker eToro. Aside from being user-friendly, eToro is also an investor’s social hub as it enables users to share ideas and learn from one another directly.

To get started follow these steps religiously.

1. Sign up on eToro

The first step would be to visit the eToro.com homepage. Create a free account and you’ll see a registration dialogue box. Here, you will be required to submit your email address, username, password, mobile number, and full name. You can also bypass this process by signing up with your Google or Facebook account.

2. Verify ID

eToro is a regulated crypto trading entity, so it requires all new users to provide the necessary documentation to complete their KYC process. This process requires you to upload a copy of your driver’s licence or national identity card. You will also need to submit a copy of your recent utility bill or bank statement (not later than three months) to show proof of address.

3. Deposit

etoro deposit funds

eToro supports some of the most prominent payment methods and you can fund your account with zero charges. To do this, click on the action tab icon and locate the ‘Deposit Funds’ button. Click on this to open up the deposit page. Select your preferred deposit method and insert how much you want to fund your eToro account. Confirm your details and your deposit will be processed immediately, depending on your selected method.

4. Search for BTC

Bitcoin (BTC) on etoro

Once the deposit is complete, you can now search for Bitcoin. eToro offers two ways to go about this. The first option would be to click on the ‘Discover’ button and locate the ‘Crypto’ section. This method usually takes time. A more efficient method would be to type the ticker symbol into the search bar above the homepage. In our case, you will need to type ‘BTC’ into the search bar and click on the first popup result. This will lead to the Bitcoin trading interface.

5. Buy BTC

Next, click on the ‘Trade’ button on the right hand corner to open up the order page. Insert how much of your funds you want to spend and click on ‘Open Trade’ to conclude your transaction.

You have successfully purchased your Bitcoin asset.

How to Sell Bitcoin

Much like the same way you purchased your BTC asset, you can easily sell your digital asset if you have made a profit. To do this, follow these steps:

  • Click on the action tab and locate the ‘Portfolio’ tab. Click on this to access all your open trading positions.
  • Select the digital asset you want to sell, in this case, BTC.
  • Click on the red X sign to close your position (on the eToro app you will need to swipe to execute this function).
  • Confirm your transaction and click on ‘Close Trade’ to complete the process. The relevant sum will be deposited into your eToro wallet and you can withdraw it thereafter.

Conclusion

The Bitcoin asset is now a global phenomenon in the financial markets. In our how to buy Bitcoin in Vietnam guide, we have shown you the best platform to buy Bitcoin and why you should invest in the digital asset.

Also, we have provided a detailed step-by-step tutorial on how to buy Bitcoin in Vietnam safely and easily. Our recommended platform is eToro.

The multi-asset broker supports a healthy number of crypto assets coupled with multiple payment methods. Zero deposit fees mean that your initial $50 investment is maximised. In addition, the eToro CopyTrader can help new investors earn profits easily and with little difficulty.

eToro logo

Cryptoassets are a highly volatile unregulated investment product. 68% of retail investor accounts lose money when trading CFDs with this provider.

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