Summary
Vietnam ranks among Asia’s leading cryptocurrency markets, with 21% of Vietnamese consumers using or owning digital assets. The State Bank of Vietnam (SBV) maintains a restrictive stance on cryptocurrencies, yet trading remains legal. Popular payment methods include bank transfers and P2P transactions. The Vietnamese dong (VND) is supported by several major crypto exchanges operating in the region. Local regulations focus on anti-money laundering compliance while maintaining a clear separation between cryptocurrencies and official payment methods. Here are the best crypto exchanges in Vietnam:
Best Crypto Exchanges in Vietnam
The Vietnamese cryptocurrency market continues to grow despite regulatory challenges. Local traders require exchanges that support Vietnamese dong (VND) transactions and offer reliable payment methods suited to the local market. This analysis examines the top cryptocurrency exchanges available to Vietnamese users, focusing on trading fees, supported assets, and payment options.
1. Bybit
Users:
40m
Free Demo:
Mobile App:
Bonus
$30,000
Cryptos:
600+
Leverage:
100x
Spot Fees:
0.1%
Futures Fees:
0.02%/0.055%
Pros
- Low fees
- 600+ supported crypto assets
- 100x leverage and deep liquidity
- Advanced order types and additional features
- Great 24/7 customer support
- Automated copy trading
Cons
- Regulatory uncertainty in Europe and USA
- May be confusing for beginners
- Cryptocurrency investments carry high risks
Overview
Bybit stands out as one of the most advanced crypto exchanges with deep liquidity and low fees. Bybit users can trade Spot, Futures, Options, NFTs, and even Inscriptions. Additionally, Bybit offers copy trading and bot trading to automate your income streams. Bybit copy trading is one of the best in the crypto industry.
Where Bybit excels is its derivatives platform with 320+ perpetual futures contracts and up to 100x leverage. With advanced order types such as TWAP or Iceberg orders, Bybit caters to experienced traders seeking the best options.
On the spot market, Bybit supports over 500 cryptos and up to 10x margin, making Bybit a versatile crypto exchange.
With low fees of 0.1% maker and 0.1% taker for spot trading and 0.02% maker and 0.055% taker for futures trading, Bybit has highly competitive fees. To top it all off, Bybit offers fee discounts based on your 30-day trading volume. The more you trade, the more you save.
2. MEXC
Users:
15m
Free Demo:
Mobile App:
Bonus
$20,000
Cryptos:
2400+
Leverage:
200x
Spot Fees:
0.02%
Futures Fees:
0%/0.02%
Pros
- Lowest Trading Fees
- 2000+ supported crypto assets
- 200x leverage and deep liquidity
- 24/7 customer support
- Best for altcoin and leverage trading
Cons
- Not available in the US
- Newly launched coins pose high risk
- May request KYC in the future
Overview
MEXC is known as the crypto exchange with the lowest fees. What makes MEXC stand out is its 0% maker fee offer, meaning you can trade without any fees. However, the spot and futures taker fees start at 0.02%. No crypto exchange can compete with the MEXC fee structure.
If you are a day trader seeking high leverage, MEXC may be one of your best options. With 200x leverage over 400 futures contracts and by far the lowest fees, MEXC is truly a day trading heaven.
Even if you are not interested in leverage trading, MEXC has you covered with over 2000 supported cryptocurrencies on the spot market. While MEXC offers tons of new altcoins, we recommend being cautious as the legitimacy of newly listed projects may be questionable.
All in all, MEXC is arguably the best option for high-frequency traders seeking low fees to get the best value for money.
3. Binance
Users:
200m
Free Demo:
Mobile App:
Bonus:
$100
Cryptos:
400+
Leverage:
125x
Spot Fees:
0.1%
Futures Fees:
0.02%/0.05%
Pros
- Most comprehensive crypto exchange
- Most advanced features and products
- 24/7 customer support
- 400+ cryptocurrencies
- Reputable with over 200 million users
- Best liquidity
Cons
- Not beginner friendly
- Restricted in many regions due to regulations
- EU traders must use BNFCR for futures trading
Overview
Reaching over 200 million registered users in 2024, Binance is by far the largest crypto exchange in the world. The platform is incredibly comprehensive, offering crypto traders all the tools they need to make a profit in the crypto market.
With over 400 cryptocurrencies to trade, leverage of up to 125x, directly integrated charts from TradingView with tons of technical analysis tools, and many more features, Binance has secured its spot as one of the best crypto exchanges.
Binance offers a wide variety of products, including spot, margin, futures, and options trading, staking, lending, P2P, automated bot trading, copy trading, and even an NFT marketplace. It is safe to say that crypto geeks will find everything they are looking for on Binance.
The trading fees on Binance are very affordable. Binance charges 0.1% trading fees on the spot market (makers and takers alike), which is the industry standard. Where Binance excels is the futures market with fees of only 0.02% for makers and 0.05% for takers.
4. KuCoin
Users:
30m
Free Demo:
Mobile App:
Bonus
$10,500
Cryptos:
800+
Leverage:
125x
Spot Fees:
0.1%
Futures Fees:
0.02%/0.06%
Pros
- Beginner friendly
- 800+ supported crypto assets
- 125x leverage and deep liquidity
- 20+ fiat currencies
- Great 24/7 customer support
Cons
- Lacks advanced features
- Not the best liquidity
- Regulatory issues in the US
- Variable spot fees
Overview
Kucoin focuses on offering the best spot trading experience. With over 800 supported cryptos on the spot market, Kucoin is one of the most versatile crypto exchanges when it comes to supported assets. You can trade popular cryptos such as Bitcoin or Ethereum but also less-known cryptos and even meme coins. If you are on the hunt for new and shiny coins that are not popular yet, Kucoin might be your best shop.
Spot fees on Kucoin are relatively average, ranging from 0.1% to 0.32% based on the liquidity of the asset. Futures trading on Kucoin starts at a maker fee of 0.02% and a taker fee of 0.06%.
Kucoin has integrated and ready-to-use crypto grid trading bots to automate your income. You can set up grid bots based on several parameters to trade for you 24/7.
5. BitcoinVN
Users:
Unknown
Free Demo:
Mobile App:
Bonus:
None
Cryptos:
81+
Leverage:
Not Supported
Spot Fees:
0.80%/0.80%
Futures Fees:
Not Supported
Pros
- Supports local withdrawal and deposit methods
- Censorship-resistant BTMs for anonymous transactions without KYC
- Established reputation in Vietnam's Bitcoin community
- Strong security focus
Cons
- User interface is less intuitive compared to other exchanges
- Outdated trading platform
- Limited customer support
- Relatively high exchange rates
BitcoinVN Overview
BitcoinVN operates as Vietnam’s first cryptocurrency exchange, supporting over 81 digital assets with a flat 0.80% fee structure for both makers and takers in spot trading. The platform caters specifically to Vietnamese users through integration with local payment methods for deposits and withdrawals.
The exchange implements mandatory KYC protocols for standard trading, though it maintains a network of Bitcoin ATMs (BTMs) that enable anonymous transactions without verification requirements. The security infrastructure includes cold storage solutions and multi-signature wallets for asset protection.
BitcoinVN’s trading interface presents significant usability challenges, with an outdated platform design that diverges from industry standards. The exchange does not provide a mobile application, demo accounts, or futures trading options, limiting accessibility for users seeking modern trading experiences.
Customer support channels remain restricted, and the exchange rates are higher compared to global alternatives. While BitcoinVN maintains a recognized position in Vietnam’s Bitcoin community, the platform’s technical limitations and elevated costs may impact its competitiveness in the broader cryptocurrency market.
Is Crypto Legal and Regulated in Vietnam?
Cryptocurrency trading remains legal in Vietnam, although the regulatory framework is restrictive. The State Bank of Vietnam (SBV) does not recognize cryptocurrencies as legal tender or payment instruments. In 2017, the SBV issued Decree No. 80/2016/ND-CP, prohibiting the use of cryptocurrencies for payment.
The Ministry of Finance established a research group in 2020 to develop cryptocurrency regulations. The Securities Commission oversees cryptocurrency-related activities, focusing on investor protection and market integrity. Financial institutions must report suspicious transactions involving digital assets to the State Bank of Vietnam’s Anti-Money Laundering Department.
In 2021, the Ministry of Finance initiated a pilot program to study cryptocurrency regulations, indicating potential future framework developments. Cryptocurrency exchanges operating in Vietnam must implement strict KYC procedures and maintain transaction records for regulatory compliance.
Is Crypto Taxable in Vietnam?
Cryptocurrency taxation in Vietnam follows specific guidelines set by the General Department of Taxation. Profits from cryptocurrency trading are subject to personal income tax at rates between 15% to 35%. For businesses, cryptocurrency gains fall under corporate income tax at 20%.
The tax authority requires reporting of cryptocurrency transactions exceeding VND 10 million (approximately $430). Miners must register their operations and pay taxes on mining rewards at standard business rates. Mining operations consuming over 100 kWh per month face additional utility taxes.
Tax regulations extend to cryptocurrency staking rewards and DeFi earnings. These income sources are classified as investment income and taxed accordingly. Cross-border transactions require additional reporting under Vietnam’s foreign exchange regulations.
Disclaimer:
Tax laws are subject to change, and individual circumstances may vary. It is strongly advised to consult with a qualified tax professional or financial advisor for personalized guidance on cryptocurrency taxation in Vietnam.
How to Buy Crypto in Vietnam
Vietnamese investors can access cryptocurrency markets through various channels, with Bybit offering one of the most comprehensive platforms for local traders. The exchange supports direct VND transactions and provides multiple payment options suited to Vietnamese users.
- Select a Cryptocurrency Exchange: Choose an exchange that accepts VND and provides appropriate payment options. Ensure its KYC requirements comply with Vietnamese regulations.
- Complete Registration: Follow the registration steps and submit the necessary identity verification documents as per Vietnamese law.
- Fund Your Account: Deposit Vietnamese dong using methods such as bank transfers, P2P trading, or credit card payments.
- Choose Your Cryptocurrencies: Pick from popular options like Bitcoin (BTC), Ethereum (ETH), or USDT, and consider trading pairs that include VND for seamless transactions.
- Execute Your Trades: Use either spot markets or P2P platforms based on your preferred payment method to carry out your trades.
- Secure Your Assets: After purchasing cryptocurrencies, transfer them to a secure wallet for safe long-term storage.
Best Crypto Wallets in Vietnam
Vietnamese cryptocurrency users have access to various wallet options for secure asset storage. Hardware wallets like Ledger and Trezor provide optimal security for long-term holdings. These devices support multiple cryptocurrencies and offer backup features compliant with Vietnamese data protection standards.
Mobile wallets including Trust Wallet and Exodus offer convenience for daily transactions. These applications provide Vietnamese language support and integrate with local DeFi protocols. Security features include biometric authentication and encrypted backups.
For DeFi interactions, MetaMask remains popular among Vietnamese users. The wallet supports major networks including Ethereum, BSC, and emerging Vietnamese blockchain projects. Local exchanges often provide integrated wallets with Vietnamese language support and direct VND conversion features.
Bottom Line
For Vietnamese cryptocurrency traders seeking the best crypto exchanges in Vietnam, Bybit stands out with its comprehensive VND support and competitive fee structure. MEXC provides an excellent alternative with its extensive cryptocurrency selection and P2P trading options. Both platforms offer robust security measures and comply with local regulatory requirements, making them optimal choices for Vietnamese traders.
