Where to buy Bitcoin? This is still the question of many financial investors, currently according to DiendanForex Vietnam, there are 2 ways to buy Bitcoin or Buy Bitcoin:
Buy and sell Bitcoin on exchanges
Buying and selling Bitcoin at the “black market”
Each way will have different advantages and disadvantages in terms of price, safety level and reputation. We will share directly about how to buy and sell Bitcoin so that investors can distinguish and buy and sell in the safest way.
1. Buy and sell Bitcoin (BTC) on exchanges
Buying Bitcoin on virtual currency exchanges is probably the most popular way today in Vietnam as well as in the world that investors choose.
There are many options for different exchanges
Safe and reputable if you know how to choose a good floor
Avoid fraud risk when buying and selling transactions
Buy and sell quickly and conveniently in VND
Transaction fees are quite high: The fee will vary from floor to floor, with a high floor fee, but in exchange for prestige and assurance, with a low fee floor, usually a newly launched floor, but the level of reputation is not high, depending on needs that you can choose the right floor.
Legal risk: In Vietnam there is currently no clear legal framework for cryptocurrencies, 100% of exchanges are not licensed to operate, so there are still potential risks in terms of legal aspects. .
Reputable, safe and cheap Bitcoin exchanges
From the beginning of 2017 up to now, the number of online Bitcoin exchanges or marketplaces as well as altcoins in Vietnam has increased significantly, the profit earned from the establishment of virtual currency exchanges is quite large, so it’s easy to understand when they grow like mushrooms. For investors, choosing a floor to buy Bitcoin is very important, not only cheap, but also safe and reputable to minimize the risk of trading. Below I would like to share with you 4 Bitcoin and Altcoin exchanges that I often use and are popular with Vietnamese users.
Remitano is a name that is too familiar with virtual currency investors in Vietnam and is considered a pioneer in the market. Remitano owns the largest volume of BTC transactions currently in Vietnam, has a relatively low price difference and especially Remi is extremely safe and reputable. In addition to Bitcoin, Remi also supports buying and selling Ethereum (ETH), USDT (Tether), Ripple (XRP), Litecoin (LTC) and Bitcoin Cash (BCH).
Remitano is still the first choice if you do not know where to buy and sell Bitcoin safely.
2. Binance P2P
Binance P2P is a peer-to-peer trading platform of giant cryptocurrency exchange Binance, everyone is no stranger to this Chinese giant of CZ. Binance’s P2P platform has come to the Vietnamese market since the beginning of 2020 and is now also becoming the preferred choice of many domestic traders.
Binance P2P has the advantage of being in Binance, benefiting from reputation, security, safety to high liquidity. Currently, Binance also doesn’t charge transaction fees for their P2P users. You can buy and sell coins like BTC, ETH, BNB, BUSD, EOS and USDT on Binance P2P without paying fees. My side has had an extremely detailed tutorial on how to use the Binance P2P exchange on the phone as well as on a computer.
Fiahub: An emerging cryptocurrency exchange in Vietnam not long ago, with the advantage of very good buying and selling prices, low transaction fees and extremely fast process of buying and selling coins with VND. Currently, the Fiahub exchange is supporting the purchase and sale of Bitcoin and Ethereum, and is expected to add USDT and many other altcoins in the near future. Fiahub also supports most popular banks in Vietnam. If you do not know where to buy cheap Bitcoin, Fiahub will be a pretty good choice.
4. Huobi OTC
Huobi OTC is a coin-to-fiat trading platform of Huobi Global – the world’s leading cryptocurrency exchange today in terms of trading volume. Huobi OTC launched Vietnam users in mid-2018 and received support from users around the world. Currently Huobi OTC is supporting trading in BTC, ETH, USDT, EOS, XRP and HT token. With the advantage of high security, safety and payment support with many methods such as VND, Paypal, Visa / MasterCard. However, the coin buying and selling price on Huobi OTC is still quite high and currently the transaction volume with VND still low.