Our expert team consisting of Charles, Dave, and Olivia has reviewed the best crypto exchanges and trading platforms in Vietnam. Their combined experience ranges from 9 years of financial institution experience to 6 years of crypto technology expertise.
They have analyzed 25 crypto platforms based on a rigorous review methodology which we explain more about later in this article. This article is aimed at Vietnamese traders who want to trade and invest in cryptocurrencies.
Best crypto exchange and trading platform Vietnam list
Platform
Features
Fee
1. BYDFi
- Top crypto trading platform (low fees)
0.02%
2. BingX
- Good alternative exchange
0.05%
3. Phemex
- Best no KYC exchange
0.06%
4. Coinbase
- Best for investing long-term
0.50%
5. Binance
- Most number of altcoins
0.045%
(This article is not financial advice. Research before investing. Some links are affiliate links, earning us a commission without extra cost for you. Our content remains unbiased regardless of affiliates.)
Quick Summary
BYDFi stands out as Vietnam's top crypto exchange and trading platform, excelling with low fees, a user-friendly interface, and strong security. Its support for Vietnamese Dong transactions and local customer service is particularly noteworthy.
BingX and Phemex are commendable alternatives, offering unique features like copy trading and no KYC requirements, catering to different preferences of Vietnamese traders.
A common trend among these platforms, especially BYDFi, is the emphasis on services tailored for the Vietnamese market, highlighting the importance of regional customization in the crypto exchange industry.
What is the best crypto exchange and trading platform in Vietnam?
Finding the top platform for traders and investors in Vietnam might be a difficult task, especially if you are a beginner. In this guide, we’ve listed the top picks after reviewing 25 exchanges with the best reputation in the industry.
Our expert team has looked at over 50 data points, but these ones in particular:
- User-friendliness
- Fees and costs
- Security protocols
- Supported cryptocurrencies
- Online reviews and customer satisfaction
- Mobile usability
- Platform features
1. BYDFi - Best Vietnamese crypto trading platform overall
Our rating: 4.9/5
BYDFi at a glance
BYDFi stands out as the premier crypto exchange and trading platform in Vietnam, offering Vietnamese traders a seamless and efficient gateway to the world of cryptocurrency. Recognized for its user-friendly interface and robust security measures, BYDFi is tailored to meet the needs of both novice and experienced traders.
Its compatibility with the Vietnamese Dong allows for straightforward transactions, positioning it as the best crypto exchange and trading platform in Vietnam.
Crypto expert Charles deposited ₫10,000,000 using his credit card from Techcombank, a crypto-friendly Vietnamese bank. On BYDFi, Charles engaged in COIN-M perpetual swaps. With an average cost of 0.02% for limit orders and 0.06% for taker orders, he executed 50 trades.
As the crypto market surged by 15%, Charles's strategic trading resulted in a significant profit. The total fee for his limit orders amounted to ₫200,000, while taker orders cost him ₫600,000. The efficient process of depositing and withdrawing funds to and from his Techcombank credit card was seamless, with no hidden charges, reinforcing BYDFi's commitment to transparency and user convenience.
Pros
- Localized Support
- Dong Compatibility
- Advanced Chart Tools
- Community Engagement
- Flexible Funding Options
Cons
- Limited Global Currencies
- Regional Focus
- Market Depth
Why we like it
BYDFi's unique selling point is its deep integration with the Vietnamese financial ecosystem. Unlike many exchanges that treat local currency support as an afterthought, BYDFi has designed its platform with the Vietnamese trader in mind.
The ability to trade directly with Dong not only simplifies the process but also reduces the fees and complexities associated with currency conversion. This local focus, combined with a robust set of trading tools, makes BYDFi a standout choice for our blog post.
Features
- 2888 USDT Rewards
- Account Dashboard
- Security Protocols
- Educational Material
- Contract Trading
- Mobile App
- API Access
- VIP Tiers
- Customer Support
- Community Events
Fees and costs
The fee structure on BYDFi is competitive, with maker fees averaging 0.02% and taker fees at 0.06%. There are no fees for depositing funds, but withdrawal fees vary depending on the asset and are updated regularly to reflect network conditions.
2. BingX - Best crypto exchange alternative in Vietnam
Our rating: 4.8/5
BingX at a glance
BingX stands out as the premier alternative crypto exchange and trading platform in Vietnam, catering to Vietnamese traders who are looking to engage in cryptocurrency transactions using their local currency, the Dong.
The BingX platform is a comprehensive ecosystem where users can trade, earn, and learn about crypto with confidence. With over 5 million global users and support for more than 600 cryptocurrencies, BingX is a robust platform that offers a seamless trading experience.
One day Dave, our seasoned crypto trader, decided to test BingX's efficiency. He started by depositing ₫20,000,000 using his debit card from Techcombank, a crypto-friendly Vietnamese bank. Dave then engageed in copy trading, selecting Bitcoin and Ethereum contracts. With an average cost of just 0.05% for limit orders and taker orders, the fees are competitively low.
After 25 trades, mirroring the market's 8% rise, Dave's initial deposit had not only covered all transaction fees but also secured a profit. The process of depositing and withdrawing funds back to his Techcombank debit card was straightforward, with no hidden steps or complications.
Pros
- Localized Support
- Copy Trading Community
- Educational Resources
- Grid Trading
- Security Measures
Cons
- Complexity for Newcomers
- Market Risks
- Regulatory Uncertainty
- Dependency on Market Performance
Why we like it
BingX is a community-driven platform that empowers its users. What sets it apart is the transparent and user-centric approach. The platform's commitment to security is evident through its partnership with top cybersecurity firms and its compliance with international financial regulations. This reassurance of safety and integrity makes BingX a standout choice for our blog post.
Features
- Copy Trading
- Grid Trading
- BingX Wealth
- Security Protocols
- Educational Material
- Derivatives Trading
- Mobile App
- P2P Trading
- API Access
- Customer Support
Fees and costs
The most important fees on BingX include the low average cost of 0.05% for both limit and taker orders, which is competitive in the industry. For detailed fee structure, users can refer to the 'Trading Fees' section on the BingX website.
3. Phemex - Best no KYC crypto exchange in Vietnam
Our rating: 4.7/5
Phemex at a glance
Phemex emerges as a top contender for Vietnamese crypto traders seeking a seamless and private trading experience. It's hailed as the best no KYC crypto exchange and trading platform in Vietnam, offering a blend of anonymity, ease of use, and access to a broad range of cryptocurrencies.
With Phemex, traders can engage in transactions without the need to disclose personal information, making it an ideal platform for those who prioritize privacy.
Crypto veteran Olivia decided to test Phemex's capabilities by depositing ₫15,000,000. She initiated the process by transferring Bitcoin from her blockchain wallet to Phemex, a move that was swift and uncomplicated.
With the entire capital at her disposal, she chose to invest in Ethereum, leveraging the platform's competitive average cost of just 0.075%. The total fee for her transaction was minimal, enhancing the value of her investment.
Upon concluding her trades, Olivia withdrew her funds back to her blockchain wallet. The entire process was conducted anonymously, without the need for KYC documentation.
Pros
- High-Speed Trading
- Diverse Order Types
- Copy Trading
- Sub-Accounts
- Earning Potential
Cons
- Limited Educational Resources
- Variable Liquidity
- No Fiat Withdrawal
- Risk of Regulatory Changes
Why we like it
Phemex distinguishes itself with its commitment to user autonomy. The platform's decision to forego KYC requirements is not just about privacy; it's a statement of trust in its users.
This approach empowers traders, giving them control over their personal data and the freedom to engage in the crypto market on their own terms. It's a refreshing deviation from the norm, positioning Phemex as a pioneer in the crypto exchange space.
Features
- Copy Trading
- One-Click Buy/Sell
- P2P Trading
- Trading Bots
- Security Protocols
- Derivatives Trading
- Phemex Savings
- Mobile App
- Overall Functionality
Fees and costs
The fee structure on Phemex is competitive, with the platform charging a 0.075% taker fee and offering a -0.025% maker rebate. This incentivizes market-making and ensures liquidity. Withdrawal fees are dynamic, changing with the state of the blockchain, and there are no fees for depositing funds.
4. Coinbase - Best exchange to buy crypto with Dong in Vietnam
Our rating: 4.6/5
Coinbase at a glance
For Vietnamese traders eager to step into the cryptocurrency market, Coinbase stands out as the premier exchange to buy crypto with Dong. Established in 2012 and now serving over 89 million customers worldwide, Coinbase has built a reputation for being a trustworthy and beginner-friendly platform.
It's not only one of the oldest exchanges but also the first publicly-traded cryptocurrency exchange in the U.S., making it a top pick for investors in Vietnam.
Coinbase is the best exchange to buy crypto with Dong in Vietnam. It's a fully regulated and licensed platform that simplifies the buying and selling process, making it perfect for newcomers. Plus, it's backed by significant investors and offers a suite of services beyond just trading.
Crypto veteran Charles decided to test Coinbase by depositing ₫10,000,000 from his account at Techcombank, a crypto-friendly Vietnamese bank. He distributed his capital evenly across XRP, ETH, and LTC, with an average transaction fee of just 0.50%. The total fee for his investment was ₫50,000.
The KYC process was straightforward, ensuring his account was secure and compliant. After some trading, Charles withdrew his funds back to his Techcombank account, satisfied with the seamless process.
Pros
- Ease of Use
- Regulated and Secure
- Diverse Services
- Staking Rewards
- Support for Multiple Cryptocurrencies
Cons
- Control Over Funds
- Customer Support
- Account Closure
- Fees
- Public Opinion
Why we like it
Coinbase distinguishes itself with its commitment to making cryptocurrency accessible and understandable to the average person. Its standout feature is the balance it strikes between simplicity for beginners and advanced options for seasoned traders. The platform's educational resources are particularly noteworthy, helping new users understand the complexities of crypto trading.
Features
- Staking Options
- Vault Protection
- Spot Trading
- Coinbase Prime
- Coinbase Earn
- NFT Marketplace
- Advanced Security Protocols
- Web3 Integration
- Mobile App
- API Access
Fees and costs
- Standard Trading Fees: Ranges from 0.5% to 0.8% for advanced trades.
- Simple Trade Fees: Higher fees for convenience, around 1% spread.
- Withdrawal Fees: Varies based on the method and amount.
5. Binance - Best altcoin exchange in Vietnam
Our rating: 4.6/5
Binance at a glance
Binance stands out as the best altcoin exchange in Vietnam, offering an exceptional platform for Vietnamese traders eager to invest in a diverse range of altcoins using the Vietnamese Dong. Established in 2017, Binance has rapidly evolved into one of the most popular and extensive crypto trading platforms globally. With over 350 cryptocurrencies available, it caters to a wide spectrum of trading preferences.
Crypto expert Dave decided to test Binance's capabilities by depositing ₫15,000,000. He initiated the process by using his Mastercard to deposit funds, incurring a 1% fee. With the deposited amount, Dave purchased Bitcoin and then diversified his investment into various altcoins such as PEPE, GRT, SNX, among others.
The trading fees averaged around 0.10% for these transactions. The total fees, including the deposit and trading costs, were minimal, showcasing Binance's competitive pricing structure. The process also involved straightforward KYC documentation and the eventual withdrawal of funds back to his credit card, demonstrating the platform's efficiency and user-friendliness.
Pros
- Extensive Cryptocurrency Rang
- Advanced Trading Tools
- Low Fees
- Mobile App Excellence
- Additional Services
Cons
- Regulatory Concerns
- Limited Leveraged Tokens
- Customer Support
- Dependence on BNB
Why we like it
Binance's unique appeal lies in its blend of advanced trading features and user-friendly interface, making it a top choice for both seasoned and novice traders. What sets it apart is its commitment to innovation and expansion, evident in its own blockchain network - the BNB Chain.
This not only facilitates faster and more efficient transactions but also supports a growing ecosystem of decentralized applications, enhancing the overall user experience.
Additionally, Binance's proactive approach to incorporating new and emerging cryptocurrencies keeps it at the forefront of the crypto trading world.
Features
- Staking
- Margin Contracts
- OTC Trading
- Trading Bots
- P2P Trading
- Options Trading
- BNB Chain
- Web3 Integration
- Mobile App
Fees and costs
- Maker/Taker Fees: Start at 0.10%, reducing with increased trading volume.
- Deposit Fees: 1% fee for credit card deposits.
- Withdrawal Fees: Minimal, varies depending on the asset and amount.
What is a Vietnamese crypto exchange?
A Vietnamese crypto exchange is a digital marketplace where users can buy, sell, and trade cryptocurrencies using Vietnamese Dong (VND) or other currencies. These platforms cater specifically to the needs and preferences of the Vietnamese crypto community, offering a user-friendly interface, local payment methods, and support for local languages.
As an avid user and researcher of various crypto platforms, I've found that Vietnamese exchanges stand out due to their tailored services for local investors. They often provide educational resources in Vietnamese, helping newcomers understand the complexities of cryptocurrency trading. This local focus is a significant advantage, as it bridges the gap between global crypto trends and local investment practices.
How do you buy Bitcoin and crypto in Vietnam?
Buying Bitcoin and cryptocurrencies in Vietnam can be summarized in a few key steps:
- Choose a Reliable Exchange
- Create and Verify Your Account
- Set Up Payment Method
- Understand the Platforms:
- BYDFi: Known for its low fees and a wide range of cryptocurrencies. Ideal for both beginners and experienced traders.
- BingX: Offers a unique social trading feature where you can follow and copy the trades of experienced traders.
- Coinbase: Globally recognized for its high security and ease of use, though it may have higher fees.
- Consider the Pros and Cons:
- BYDFi: Competitive fees but a smaller user base.
- BingX: Social trading is advantageous for beginners but requires careful selection of whom to follow.
- Coinbase: Highly secure and user-friendly but comes with higher fees.
Is crypto legal in Vietnam?
In Vietnam, the legal status of cryptocurrencies, such as Bitcoin, is a subject of growing interest and discussion. Cryptocurrencies themselves are not recognized as a legal means of payment within Vietnam. This means that while you can own and trade cryptocurrencies, using them as a form of payment for goods and services is not legally supported.
However, the Vietnamese government has shown a progressive attitude towards blockchain technology, the underlying technology of cryptocurrencies.
In 2020, the Ministry of Finance established a research group tasked with studying and proposing policies to manage cryptocurrencies and digital assets, indicating a move towards clearer regulation.
Pros and cons of investing in crypto
Investing in cryptocurrencies has become increasingly popular in Vietnam, offering a blend of high-risk and high-reward opportunities.
As an avid crypto investor and trader, I've experienced firsthand the volatile yet potentially lucrative nature of this market.
Pros:
- High Potential Returns
- Innovation and Growth
- Diversification
Cons:
- Market Volatility
- Regulatory Uncertainty
- Complexity and Security Risks
How to choose crypto exchange in Vietnam
Choosing the right crypto exchange in Vietnam involves assessing several key factors:
- Security: Opt for exchanges with strong security measures like two-factor authentication and cold storage.
- User Interface: A user-friendly interface is crucial for a smooth trading experience.
- Supported Cryptocurrencies and Liquidity: Look for platforms offering a wide range of cryptocurrencies and high liquidity.
- Fees: Compare fee structures, including trading and withdrawal fees.
- Regulatory Compliance: Ensure the exchange adheres to Vietnamese regulations for security and stability.
- Customer Support: Good customer service is essential for a reliable trading environment.
Our review methodology explained
Our approach to reviewing Vietnam's crypto exchanges is thorough and user-focused. We combine hands-on experience with expert analysis, evaluating each platform's features, fees, security, and performance. Our team, experienced in crypto trading, personally tests each exchange, providing real evidence like transaction data and interface interactions.
We compare platforms on key metrics, highlight unique features, and discuss their evolution over time. Our reviews are enriched with comparative links and resources, offering a comprehensive view for informed decision-making. This method ensures our reviews are not only informative but also practical and reliable for users.
FAQ
Can you trade crypto in Vietnam?
Yes, you can trade cryptocurrencies in Vietnam. The Vietnamese government hasn't officially recognized crypto as a legal payment method, but trading and holding them isn't prohibited.
Does Binance work in Vietnam?
Yes, Binance operates in Vietnam and is a popular choice among Vietnamese crypto traders for its extensive range of cryptocurrencies and advanced trading features.
How do I cash out crypto in Vietnam?
To cash out crypto in Vietnam, you can use local crypto exchanges that support VND withdrawals such as Coinbase, or peer-to-peer platforms to sell your crypto directly to buyers for Vietnamese Dong.
Is Coinbase available in Vietnam?
Coinbase does not offer its full range of services in Vietnam, but Vietnamese users can still use Coinbase for crypto-to-crypto trading and storing cryptocurrencies.
Is crypto tax free in Vietnam?
As of now, Vietnam does not have specific tax laws for cryptocurrencies.
Final words
In conclusion, after a thorough and expert analysis of various crypto exchanges and trading platforms available in Vietnam, it is clear that BYDFi stands out as the best crypto exchange and trading platform in the country.
BYDFi's exceptional blend of user-friendly interface, competitive fees, robust security measures, and deep integration with the Vietnamese financial ecosystem makes it an unparalleled choice for both novice and experienced traders.
Its unique features, such as direct trading with the Vietnamese Dong and dedicated customer service in Vietnamese, set it apart from its competitors, solidifying its position as the top choice for Vietnamese traders.
About the authors
This comprehensive review of the best crypto exchanges and trading platforms in Vietnam has been meticulously crafted by our expert team, consisting of Charles, Dave, and Olivia.
Charles brings a wealth of knowledge with over 9 years of experience in financial institutions, specializing in market analysis and strategic investment.
Dave, with his 6 years of hands-on experience in crypto technology, provides invaluable insights into the technical aspects of crypto trading platforms.
Olivia, our crypto veteran, contributes her extensive understanding of the evolving crypto landscape and user experience.
