Buy bitcoin vietnam

Now that the Yuan and Vietnamese Dong are acceptable currencies in the country, people in Vietnam have more options than ever before to buy bitcoin. What better way to protest the new economic zones in Vietnam than buying bitcoin and holding? The usual anonymous bitcoin options, whether using Vietnamese Dong, Chinese Yuan, USD or other currencies around the world can be more difficult but are perfect for privately purchasing cryptocurrency without identification. The Vietnam bitcoin meetups in Saigon are also a great place to meet bitcoin holders willing to sell bitcoin.

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WATCH RELATED VIDEO: I Bought Bitcoin in Hong Kong, What is Blockchain?

North America Is 8th in Global Crypto Adoption. But Who's No. 1?

Vietnam is one of the fastest developing economies in the South East Asia region, with goals of modernizing the country to reach developed nation status by and becoming a leading FinTech Hub in the world. When it comes to internet penetration rate, it turns out Vietnam is part of the top 20 countries in the World for the number of citizens that have direct access to the internet.

That leaves an estimate of 60 million people without access to traditional banking services even though the majority have access to the internet, this has created the perfect opportunity for digital currencies to be introduced as a new alternative financial instrument.

While Vietnam has liberalized its economy throughout the years by becoming a more business-friendly nation over the decades, it still remains a communist state with a government suspicious of what too much economic and personal freedom might bring. According to studies, there are about 4 Million Vietnamese migrants all over the world, with many of them depending on money transfer companies to send money home, often at significant cost and inconvenience.

There is a growing demand for Digital money transfer services and Vietnam is quickly establishing a reputation for its Financial technology, even though authorities remain sceptical when it comes to Digital Currencies. As for the regulatory stance of the country, it seems as Vietnam is not in favour of adopting Cryptocurrencies in fact, the State Bank of Vietnam SBV has made it clear it's not a fan of Bitcoin.

It seems that Bitcoin is not to be accepted as a currency with payment function however, that does not prohibit Vietnamese citizen from the trading and possessing of Bitcoin. For now, the regulatory foundation is represented by a State Bank of Vietnam SBV decree on cryptocurrency issued on October 30, that declare the use of Cryptocurrencies as a form of payment to deemed illegal in Vietnam in late October , with legislation taking effect in the first quarter of The announcement of the state bank of Vietnam declaring Cryptocurrency as a form of payment to be illegal transactions prevents clients from utilizing their financial institution accounts to trade Digital currencies, essentially banning the country's banks and microfinance establishments from utilizing Blockchain Technology as a medium of exchange.

A move that has hindered the growth of Blockchain technology adoption in Vietnam, making it unclear for the Bitcoin Community to commerce in Cryptocurrencies despite the fact Digital Currencies are not outlawed , meaning all Vietnam citizens are still entitled to invest in Bitcoin. Expect growing demand of Cryptocurrencies as the result of more adoption throughout Vietnam, as local residents start to see the potential of using Digital currencies.

Despite multiple warnings from the State Bank of Vietnam that Bitcoin would not be met favorably, the Vietnamese Bitcoin community has continued to grow and companies like BitcoinVietnam are working alongside the Government to define regulations for Bitcoin usage in Vietnam. Enthusiasts say it's a good sign that the national bank is trying to study blockchain technology in hopes of implementing it in the future, as there are plenty of great use cases for Digital currencies especially for a country that depends so much on third-party Remittance services.

This service aims at providing a service that focuses on making it easy to buy and sell Cryptocurrencies in the country by featuring an instant exchange that supports the trading of Bitcoin, Bitcoin Cash, Dash and Litecoin in exchange for the Vietnamese Dong. The company behind BitcoinVietnam Co. Bit2C Ltd. BitcoinVietnam has been playing a central role in the Vietnamese bitcoin economy for years and there seems no slowing down as the company keeps expanding, with the intention of branching out by providing a variety of services.

This Digital Exchange has established a strong presence in Vietnam, making it the go-to marketplace for traders who value the simplicity when it comes to buying Cryptocurrencies from a reputable source and intended for users that are not so interested in the fast-paced world of Bitcoin trading but prefer a hassle-free experience to begin investing. Go to BitcoinVn.

The company Bit2C Ltd. VBTC exchange is also a member of the Blinktrade Alliance, an International group of companies, market makers and payment processing systems specializing in Blockchain Technology.

In preparation for the future, clients that sign up with VBTC need to comply with Know Your Customer KYC and Anti-Money Laundering AML policies regardless of the fact, that there is no formal Cryptocurrency regulation in Vietnam, a move indicating that the company plans to avoid regulatory concerns that may arise as result of a Government crackdown.

With plenty of international partnerships with businesses that specialize in Blockchain solution, indicates the strong desire for the company behind VBTC to work towards a goal of becoming Vietnam's leading Marketplace for Bitcoin trading, this makes much sense due to the high level of expertise needed to run a reputable Digital Exchange. Overall, VBTC is the most recommend choice among Vietnamese Bitcoin enthusiasts looking to trade BTC, as this Exchange not only have an active marketplace with most competitive rates but offers the most assurance to Bitcoin Investors amongst all other service providers.

Go to VBTC. Begin trading without having to go through the hassle of disclosing personal sensitive information as clients only need to register an account with an approved email and have the option of linking a VietcomBank account, if they wish to deposit or withdraw using the Vietnamese Dong.

This Bitcoin-only Exchange may likely be an upcoming contender to the existing Cryptocurrency Exchanges in Vietnam, as Kenniex features an active marketplace to trade Bitcoin and is distinguishing itself as more service provider that focuses on professional support services.

Go to Kenniex. Its only required to verify an email address and phone no. Digitex has developed a multi-level account system with an individual approach to each customer, from Bitcoin beginners to institutional traders. Go to FiaHub. Localbitcoins is the world most popular Bitcoin Peer-to-peer marketplace that provides users with an alternative way to obtain and trade digital currencies within a country.

This P2P marketplace has been active since it's original launch in Based in Finland, the goal is to connect Bitcoin buyers and sellers from around the world via an open, peer-to-peer marketplace and as a result, Localbitcoins has since become a popular marketplace for Vietnamese Bitcoin traders. A platform that offers seller and buyers from around the world to meet and trade Bitcoin in countries worldwide has become the one of the most popular Bitcoin P2P Marketplace for Vietnam citizens.

Essentially, Localbitcoins. Localbitcoins has developed a good reputation and established itself in a large number of countries around the world, with the site currently listing exchangers in cities across countries.

If you're considering of buying Bitcoin in a country like Vietnam, it's recommended to avoid unregulated third-party marketplaces and instead use a P2P marketplace like Localbitcoins. By participating in this Marketplace, users can create and list advertisements, communicate with prospective buyers and sellers and confirm all the transaction details before finalizing any trade.

Remitano, offers an online wallet, an escrow mechanism for making trades, and dispute resolution services. We at CryptoHype believe that Remitano offers the best P2P Marketplace for Vietnam residents since the quality Customer service and ease of us makes this the go-to P2P platform to engage in Cryptocurrency trading.

Go to Remitano. Developers really focused on designing a unique UI that makes it possible for someone, who may have little technical experience when it comes to Cryptocurrency Trading to find a potential buyer or seller.

To begin trading, users are only required to verify a phone number, to be entitled to accept or make a listing. The team behind Mesito is run by a group of IT experts and managers, who are eager to expand their service throughout the Asian region.

Mesito, now offers its platform to the majority of South East Asian countries, featuring an independent marketplace for Vietnamese traders. Go to MesitoVietnam. Nice article with a lot of information. I have to check out this exchanges. Every day, your balance is replenished for 1, Nimses tokens simply for the fact that you live.

It is interesting, is not it? I never knew about it. I personally thought that currently Malaysia is the fastest growing country right after singapore of course. Vietnam is still so very backward comparing to Malaysia that has been my strong impression. Malaysia, Singapore in particular, enjoyed more prosperity in the past but Vietnam has enjoyed consisted stable growth over the past decade and according to a forecast by PricewaterhouseCoopers, Vietnam may be the fastest-growing of the world's economies especially in the coming decade.

A well-populated country and more future development, plus a strong growing Fintech sector, could make its economy the 20th-largest in the world within the following decades. If a majority of the country residents where to adopt Bitcoin, Vietnam is part of the top 20 Internet users in the world and they haven't reach same infranstructure levels when compared to much smaller but more developed economies.

Perhaps the next years will be Vietnam's time to outpace countries like Singapore, Malaysia and Thailand. But I see way more use case for these countries to adopt Cryptocurrencies, time will tell I guess.

Bitcoins can be used to buy merchandise anonymously. In addition, international payments are easy and cheap because bitcoins are not tied to any country or subject to regulation.

Small businesses may like them because there are no credit card fees. It would be great if the government of Vietnam would embrace cryptocurrency. It would improve commerce significantly. Definitely, agree to this! Government needs to find a good approach to regulating Cryptocurrency, to me Vietnam is a FinTech Hub that ready for Crypto adoption. You have recieved a free upvote from minnowpond, Send 0. You got a Want to promote your posts too? Check out the Steem Bot Tracker website for more info.

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Steem Venezuela. Steem SEA. Steem POD Team. Explore communities…. Basically, you're not allowed to buy products or service in Vietnam but can directly invest in Bitcoin. Also, there is discussion regarding a new legislation as part of a wider economic upheaval that will attempt to tax Bitcoin assets in the country in the foreseeable future, as this Cryptocurrency is yet to be declared an Asset or Currency.

The central bank invokes Article 4. Enthusiasts say it's a good sign that the national bank is trying to study blockchain technology in hopes of implementing it in the future, as there are plenty of great use cases for Digital currencies especially for a country that depends so much on third-party Remittance services Vietnam Bitcoin Exchanges BitcoinVietnam.

Reply Sort: Trending Trending Votes Age. Another great post crypto. Vietnam is one of the fastest developing economies in the South East Asia region I never knew about it. Cheers Piotr. I love to see how responsive you are crypto. Appreciate it a lot. Cool post man! Crypto is the new bank! I think that in a couple of years Crypto will be the most useful bank!

It was so interesting to read. Awesome post.

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If you're seeing this message, that means JavaScript has been disabled on your browser. The note, which does not necessarily outline a law adding a new law in Vietnam is a longer process , says that Bitcoin is not recognized or protected by law in Vietnam, making it functionally illegal. We can therefore add Vietnam to the list of Asian countries that do not recognize Bitcoin as a viable currency, including India , China , and Indonesia. For those interested, Wikipedia has a nifty list of countries and their legal position on Bitcoin.

Buy Crypto & Bitcoin in Vietnam ; Coinmama · Works in almost all countries · Reliable and trusted broker ; Ginero · Run by a long time Vietnamese.

Vietnam to Start Regulating Cryptocurrencies

Bitcoin is a type of virtual currency that you can use for digital purchases or you can trade like stocks or bonds. To buy and sell cryptocurrency including Bitcoin , you need to use a bitcoin exchange. The best cryptocurrency exchanges are secure, cost-effective, quick to set up, easy to use, and accept a variety of funding sources. Here are our picks for the best places to buy bitcoin. The cryptocurrency exchange you use will depend on what your goals are. Some people buy only bitcoin, while some buy many cryptos. Some trade, while some buy and hold. If your only goal is to buy Bitcoin, Ethereum or another coin, the following exchanges have smooth and easy buying processes:.

Bitcoin ban: These are the countries where crypto is restricted or illegal

buy bitcoin vietnam

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Transfer money to Vietnam within minutes

Buying Bitcoin in Vietnam is much easier than many think. It is as simple as picking an exchange, creating an account, depositing money and clicking "buy Bitcoin". BitcoinVN is the first Bitcoin and cryptocurrency exchange based in Vietnam. It is a simple and fast was for Vietnamese locals to buy Bitcoin and sell Bitcoin with their local currency, the Vietnamese Dong. Bitcoin Vietnam have partnerships with other global exchanges that enables deep liquidity and good prices.

How to Legally Buy Bitcoin & Crypto in Vietnam | 2022 Guide

Coinmama is an online cryptocurrency exchange supporting the purchase of cryptos. The platform was established to create the simplest financial service in the crypto space. Since the genesis, Coinmama is trusted by over 2,, people across countries. Having been launched back in , Coinmama was also amongst the first to support the purchase of Bitcoin with credit and debit cards. Since the early years, Coinmama has continued to add cryptos to its offering not to mention alternative payment methods. Becoming an affiliate is fast and easy. Simply register and direct referrals to the Coinmama site with your customized referral link. The platform allows users to purchase crypto with fiat money.

Cryptocurrency News: Global cryptocurrency adoption among individual investors has surged in the past year, according to crypto-analysis.

Is it safe to invest Bitcoin in 2020?

The peer-to-peer digital currency Bitcoin debuted in , introducing the concept of decentralized finance to the world. While tax authorities, enforcement agencies, and regulators globally are still debating how to control it, many consumers wonder if they can use Bitcoin legally. Whether or not you can use Bitcoin depends on which country you're in.

How To Buy Bitcoin Anywhere! [Safe, Fast And Easy] - Blockgeeks

RELATED VIDEO: Risk Takers #6 - Phuong Nguyen - Founder Of BitcoinVN - Vietnam's 1st Bitcoin Exchange - By Tai Zen

Home » Guides » Blockchain Ameer Rosic. There are a lot of options on how to buy Bitcoin , available in nearly every country of the world from, Gift cards, bitcoin ATMs, local Traders, broker, exchanges: Our ultimate guide explains, how to buy Bitcoin anywhere in the world. Maybe you heard about this crazy cryptocurrency Bitcoin. The future of money, the revolution of payment, the digital gold, slayer of capital controls, holy grail of Fintech.

Check out the available offers from traders in Ho Chi Minh, Vietnam with a wide range of payment options. Simply click buy, sell or exchange to initiate a trade in Ho Chi Minh, Vietnam with cash through safe and secure marketplace.

Vietnam needs a legal framework to manage cryptocurrency

With thousands of bitcoin mining rigs entering Vietnam every month, the Vietnamese are some of the top bitcoin and altcoin traders worldwide. The State Bank of Vietnam SBV has issued statements that cryptocurrencies are not a lawful means of payment in Vietnam, with fines for supplying and using bitcoin as high as million Vietnamese dong. Localbitcoins is still one of the more popular exchanges allowing person to person transactions for buying and selling bitcoin with Vietcombank transfer, Neteller, Skrill or Perfect Money. Exchanges may increase or decrease in popularity within the country but Vinaex , Bitcoinvn and Remitano are three of the most popular and trusted exchanges currently. The exchange formerly known as BTC-e, now called wex. The Paxful options for Western Union transfers, Itunes and Android gift cards are popular with many anonymous bitcoin buyers around the world. Along with Bisq , a decentralized peer to peer crypto currency exchange, accepting national bank transfers, western union and perfect money.

Due to strict rules against digital currencies in Pakistan's banking laws, it is not possible to buy them directly from official and global exchanges. Here is a step-by-step guide for beginners to buy cryptocurrencies in the country from reliable sources. Join us in showcasing the cryptocurrency revolution, one newsletter at a time.

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