BUY AND SELL BITCOINS IN VIETNAM, WITH CASH AND ONLINE

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Bitcoin in Vietphái nam is a hot topic these days. Despite opposition from the banks and government, there’s still a thriving cryptocurrency market with lots of promise.

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eToro offers a wide range of cryptos, such as Bitcoin, XRPhường. and others, alongside crypto/fiat and crypto/crypto lớn pairs. eToro users can connect with, learn from, and copy or get copied by other users.

Binance has grown exponentially since it was founded in 2017 and is now one of, if not the biggest cryptocurrency exchanges on the market.

Bitcoin is growing in value all the time, which makes it an igiảm giá khuyến mãi opportunity for investors khổng lồ make money. At the time of writing, a single Bitcoin is worth 338 million Vietnamese Dong (if you want to trade Bitcoin VND is accepted on many platforms).

In 2017, 7,000 new Bitcoin mining rigs were phối up in Vietnam giới, and 5,000 of these came in after November. This suggests a huge amount of activity in Vietnam’s Bitcoin economy.

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Because of the strong stance the banks have sầu taken against cryptocurrency in Vietphái nam, it’s important to lớn get to lớn know the rules first, but buying and selling Bitcoin in the country can be highly rewarding.

Things to Know Before You Get Started

Regulations

Bitcoin is becoming heavily regulated in many parts of the world, and Vietphái mạnh has recently taken some steps in this direction. As of 2018, it is illegal to use Bitcoin to pay for things in the country.

Anyone breaking this law is liable to lớn face a large fine and maybe even imprisonment. This means it’s very important khổng lồ be careful & understand the law when dealing with Bitcoin in Vietphái nam —but it doesn’t mean that it’s illegal to lớn invest in Bitcoin in Vietphái nam.

The law doesn’t prohibit investing in Bitcoin — just don’t use it lớn buy products và services in Vietphái mạnh. Also, new legislation as part of a wider economic upheaval will attempt to lớn tax Bitcoin assets in the country, so make sure you pay what you owe.

Support for Bitcoin in Vietnam

While the government might be against Bitcoin, the good news for investors is that there’s still a large community of Bitcoin enthusiasts in Vietphái mạnh. There are four Bitcoin ATMs in the country, all located in Ho Chi Minch City.

There are also plenty of online resources where Bitcoin fans can interact and chia sẻ ideas. These include a number of Facebook groups, and forums like the Vietphái nam branch of Bitcointalk. There are also several platforms so if you want lớn buy Bitcoin online Vietnam is well prepared.

Some shops in the country also accept payments in Bitcoin, although it’s worth noting that this is now illegal & it’s unclear how the new laws will deal with these businesses. Rethành viên, if you wish lớn purchase in Bitcoin Vietnam giới may not be the best place khổng lồ vì chưng this.

However, if you’re careful và responsible and wish to lớn invest in Bitcoin Vietphái mạnh is perfectly fine.

Other Cryptocurrencies

Vietnam’s recent laws focus on Bitcoin, although they probably apply to all other cryptocurrencies too, so exercise caution.

While Bitcoin is the most well-known và valuable cryptocurrency, there are many others that are worthy of investment. These include Ether (ETH), Ripple (XRP), & Litecoin (LTC).

These are good choices because they’re fairly stable và reliable, và likely to grow in value. There are also many other, less well-known cryptocurrencies which might not be such a good choice, because they’re more likely to fail và chiến bại value.

How to Buy Bitcoin in Vietnam

There are two main methods for those who wish khổng lồ purchase Bitcoin in Vietnam giới, và the one you use will depend on your preferences và reasons for buying. If you want lớn buy BTC online, VND is accepted in some places but not all.

The two options are khổng lồ buy as a CFD, or to buy directly from cryptocurrency exchanges. Each has its own pros và cons, which will be covered in the next section.

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Buying Bitcoin as a CFD in Vietnam

CFD stands for ‘contracts for difference’, and it’s a way of trading that is traditionally used for stoông xã market exchanges. It’s a good method for beginners because of its safety and simplithành phố.

Why choose the CFD method?

When you buy Bitcoin as a CFD you can trade on leverage. This means you don’t have to put down the full amount of the trade when you buy, just a fraction of it. The benefit of this is that you can cốt truyện your money over multiple trades.You’re exposed lớn the liquidity of two markets. In simple terms, this means that it’s much easier khổng lồ sell your coins & leave sầu a market (it can happen straight away). With other methods you may have sầu to wait a while for somebody toàn thân else khổng lồ buy your Bitcoin.There’s a lot of regulation, và powerful organisations exist to enforce the rules with CFD trading. This means your risk of being scammed is lower than with other methods, và if something goes wrong you’ll get better help and support.Finally, you can expect lower fees and more flexibility with payment methods.

Using eToro khổng lồ buy Bitcoin

eToro is one of the best platforms out there when it comes lớn buying Bitcoin as a CFD. That’s because it’s very user-friendly, supports a wide range of payment methods, và has low fees.

This guide will explain how best khổng lồ buy Bitcoin from eToro. It’s supported in Vietphái mạnh, as well as most countries in the world.

Step One – Join eToro by going onto the trang web and clicking the button marked ‘Join Now’, as shown here:

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This will lead lớn a screen that looks lượt thích the one below. Here you must enter your name, along with a username and a password.

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Step Two – get ready to lớn trade. After signing up you’ll need lớn add funds to your tài khoản so you can buy Bitcoins. To vày this, cliông xã the button marked ‘Deposit Funds’ in the bottom left corner of the homepage, which looks like this:

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This will take you to lớn a payment screen, where you can enter the amount of money you wish to deposit along with your chosen method of payment. One of the great things about eToro is the range of payment options. These include credit thẻ, PayPal, & many others. Fill in your billing details.

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eToro only works with a small number of currencies, and for those who wish khổng lồ invest in Bitcoin VND isn’t one of them, but it’s easy to lớn use another currency and work out the amount using a calculator or conversion tool.

For deposits over 2000 euros, you may be asked khổng lồ provide identification.

Step Three – buy some Bitcoin from one of the markets. In the sidebar on the left h& side of the screen there is a ‘Trade Markets’ option. Click this to lớn access the range of markets you can use. The best one for buying Bitcoin is the ‘crypto’ market. Cliông xã this one.

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On the next screen, find Bitcoin & clichồng the number marked ‘B’ at the end of the same row. This will take you khổng lồ a screen where you can buy.

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Almost there! On this interface, you simply need lớn enter the amount of Bitcoin you wish lớn purchase. You can also mix a ‘stop loss’ amount and a ‘take profit’ amount khổng lồ make the process more automated và easier.

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Hit the ‘xuất hiện Trade’ button to lớn finish the process. Congratulations! You just bought some Bitcoin as a CFD.

Buying Bitcoin directly from an exchange

The downside khổng lồ buying Bitcoin as a CFD is that you don’t actually own the assets. When you buy from an exchange or from another person, you’ll actually be the owner of the coins you pay for.

When buying from an exchange, there are many options available to lớn you in Vietnam. There are Vietnam-specific crypkhổng lồ exchanges like VBTC, and plenty of international exchanges like Coinbase và Localbitcoins.

To get started in this process, one of the main things you’ll need is a cryptocurrency wallet.

Cryptocurrency wallets

Digital wallets don’t actually hold your coins. Instead, they’re trang chính khổng lồ two quality security keys (public và private) which you can use khổng lồ access your coins and carry out transactions lượt thích buying and selling.

These come in many shapes và sizes, and the type you get will depend on how concerned you are about things like convenience & security.

Here are some of the main types of cryplớn wallet:

Online wallets — these are the kind you get when you sign up for an exchange. They’re based online, which means they can be vulnerable to hackers. On the plus side, they’re easy to lớn access & manage.điện thoại wallets —these are stored on your phone, usually as an tiện ích. This makes them very convenient as you can access them from almost anywhere, và use them to make purchases in places lượt thích cafes & shops. However, they’re only as safe as your phone is.Software wallets —these are stored on your computer, but offline. They’re sometimes called desktop wallets, and are safer than online versions because they’re tougher for hackers to lớn access. The downside is that they aren’t as convenient.Hardware and paper wallets —these are the least convenient types of wallet because they’re stored offline, away from the computer. Hardware wallets are kept on things like removable disk drives, & paper wallets are security keys printed onto lớn paper. These are, however, extremely safe if you look after them properly.

Once you’re familiar with crypkhổng lồ wallets and how they work, you can begin the process of buying from an exchange. Fortunately this is quichồng & easy. The two main ways are lớn buy from a centralised exchange lượt thích Coinbase, or directly from another person on an exchange lượt thích Localbitcoins.

The second option has lower fees, but it’s important to lớn make sure you’re trading with a trustworthy person.

Buying Bitcoin in Vietnam with Localbitcoins

Localbitcoins is a great way khổng lồ trade Bitcoin in Vietphái nam because it’s user friendly và affordable. It works by connecting buyers và sellers of Bitcoin, and you can buy using the platkhung or by meeting in real life lớn pay in cash. It also uses Vietnamese Dong; whereas with many platforms if you want lớn purchase Bitcoin with fiat currency, VND is not an option.

Step One – sign up to lớn Localbitcoins by visiting the trang web & entering your name, email address, & a password.

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Step Two – find a seller. Localbitcoins has a great search interface, where you can look for sellers based on their country, region, preferred payment method, và how much you wish khổng lồ buy. Payment methods are always phối by the seller.

You can select currency, and for buying Bitcoin VND is accepted on Localbitcoins.

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The search results will show all the users who match your criteria along with some information. This is important because it shows how trustworthy they are — this will help you avoid scams.

The % number next lớn each user’s name shows their feedbaông xã score, so aim for users with the highest scores here. The number next khổng lồ this one shows their number of completed trades. Again, higher is better.

The colour next to their name shows how quickly they usually reply. Green means less than five minutes, yellow means less than 30 minutes, & grey means more than 30 minutes. This is probably less important than the first two numbers, but worth checking if you want to lớn urgently complete the trade.

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Step Three – find a user who looks reliable and safe, & buy some Bitcoin! First check how much they’re selling the Bitcoin for (the number in green in the price/BTC column). Then, clichồng ‘Buy’ to finish the trade.

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Đánh Giá the final terms & the seller’s protệp tin, & then when you’re ready clichồng ‘Skết thúc Trade Request’ lớn be taken to a payment screen.

Now you’ve finished the trade & successfully purchased Bitcoins from another person. There is a small transaction fee in order to pay the Bitcoin miners, but otherwise no costs.

When it comes to Bitcoin Vietnam might have some strict regulation, but as this guide shows it’s still legal and easy to lớn buy Bitcoin online in the country.

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Rethành viên lớn stay educated on the law and take as many steps as possible to lớn stay safe when trading cryptocurrencies. For those wishing to trade Bitcoin Vietnam is still a good place khổng lồ vì this.