Do you want to buy Bitcoin for investment purposes but don’t know where to buy Bitcoin to ensure safety and reasonable transaction fees? In this article, BitcoinVN News will share with you reputable addresses for buying and selling cryptocurrencies in Vietnamese Dong (VNĐ) and guide you through 3 simple ways to buy Bitcoin that anyone can do. Let’s follow along!
Where can I buy Bitcoin safely and with reasonable fees in Vietnam?
With the criteria for selecting a reputable, safe, and low-fee exchange platform in Vietnam, BitcoinVN is one of the worthy candidates for you. It is the first Bitcoin exchange in Vietnam with over 10 years of experience in the cryptocurrency field.
BitcoinVN owns a network of Bitcoin ATMs across Saigon and is an official reseller of hardware wallets such as Trezor, Ledger, and Blockstream. We also operate one of the largest Lightning routing nodes in Southeast Asia.
3 ways to buy Bitcoin in Vietnam using VND
Buying Bitcoin at Bitcoin ATMs
Bitcoin ATMs are automated teller machines that allow users to buy or sell Bitcoin using fiat currency. If you’re looking for a safe, anonymous, and fast way to buy Bitcoin with cash, then Bitcoin ATMs are a smart option.
Advantages
- Convenience: Enables quick Bitcoin purchases without a bank account or access to online Bitcoin exchanges.
- Security: No need to meet up with strangers and risk getting scammed. You simply walk to the machine, which reliably lets you buy or sell Bitcoin each time.
Anonymity: Bitcoin ATMs allow users to buy or sell Bitcoin without revealing their identity. This can be beneficial for privacy-conscious individuals.
Disadvantages
- High fees: Bitcoin ATMs typically charge higher fees compared to other Bitcoin buying or selling methods.
- Limited availability: Bitcoin ATMs are still a relatively new way to buy Bitcoin and have limited coverage. In Vietnam, Bitcoin ATMs are currently only available in Ho Chi Minh City and Binh Duong.
- Transaction volume limitations: Some Bitcoin ATMs do not require KYC verification. As a result, you may only be able to buy or sell small amounts of Bitcoin. If you are looking to procure larger amounts, we recommend contacting the BitcoinVN OTC desk.
How to Buy Bitcoin at a Bitcoin ATM
⇒ Check out the nearest Bitcoin ATM locations here.
Guide to Buying Bitcoin on BitcoinVN Exchange
For those who are looking for a place to buy Bitcoin with low fees, fast transactions, and transaction limits ranging from a few million dong to hundreds of millions of dong, visit the BitcoinVN.io exchange right away.
Advantages
- Supports a wide range of cryptocurrencies: BitcoinVN supports buying and selling Bitcoin and over 79 other cryptocurrencies, including Ethereum, Tether, USD Coin, and more.
- Instant Transaction Processing: BitcoinVN allows for instant processing of VND deposits as well as any crypto-to-crypto swaps.
- Customer Support Team: BitcoinVN has a professional customer support team that is always ready to answer questions and assist users when needed, in both Vietnamese and English.
Disadvantages
- The maximum transaction limit for a single transaction on BitcoinVN is no more than $15,000, equivalent to about 350 million VND. This can be inconvenient for those who want to trade larger amounts.
If you are looking to procure larger amounts, we recommend contacting the BitcoinVN OTC desk.
How to buy Bitcoin on the BitcoinVN exchange
To buy Bitcoin on the BitcoinVN exchange, first go to https://bitcoinvn.io/ and follow these steps:
- Step 1: Under the “You Send” section, click on the currency logo to select the asset you will use to buy Bitcoin. You can choose to buy Bitcoin with VND, USDT, or other cryptocurrencies.
- Step 2: In the “You Receive” section, click on the cryptocurrency logo and select BTC.
- Step 3: Enter the amount you are willing to spend to buy Bitcoin in the “You Send” section or enter the amount of Bitcoin you want to buy in the “You Receive” section. Then enter your Bitcoin receiving address and finally click on “Swap” to complete the transaction.
Guide to Buying Bitcoin via BitcoinVN’s OTC service
Looking for a safe place to buy Bitcoin in large quantities with transaction values reaching billions of VND? Look no further than BitcoinVN OTC.
Over-the-counter (OTC) cryptocurrency trading is a form of trading that takes place directly between two parties, without going through a centralized exchange.
Advantages
- No quantity limits: You can buy Bitcoin worth hundreds of millions to billions of VND.
- Privacy: OTC transactions take place directly between two parties, without an intermediary, thus significantly increasing your privacy.
- Personalized Service: Direct broker assistance and tailored advice.
Disadvantages
- OTC transaction fees are generally higher than those on centralized exchanges
How to buy Bitcoin through the OTC
To get a consultation and schedule a 1:1 Bitcoin OTC trade, please visit https://otc.bitcoinvn.io/.
Mistakes to Avoid When Buying Bitcoin
To avoid unfortunate risks when buying Bitcoin and cryptocurrencies in general, you should follow the 5 NO RULES below:
- Don’t “put all your eggs in one basket”: Bitcoin is a cryptocurrency with highly volatile values. Only invest an amount that you can afford to lose.
- Don’t buy Bitcoin because of promises of high returns: If an exchange exaggerates Bitcoin trading profits to an unimaginable level, it could be a scam. Don’t believe anything if you don’t fully understand it.
- Don’t buy Bitcoin on impulse: When the price of Bitcoin rises, many people may be excited and buy Bitcoin for large amounts. This can lead to you buying Bitcoin at too high a price and losing money due to slippage.
- Don’t buy Bitcoin without doing your research: Before buying Bitcoin, you need to carefully research Bitcoin, including information such as price history, factors affecting Bitcoin prices, and risks when investing in Bitcoin.
- Don’t store Bitcoin on exchanges: Bitcoin exchanges can be hacked and you may lose Bitcoin if you store Bitcoin on exchanges. You should store Bitcoin in your own wallet and apply security measures to protect your assets.
Conclusion
We hope this article has answered your questions about how to buy Bitcoin in Vietnam safely and at competitive pricing.
We wish you success in your Bitcoin investment and saving journey!
