Binance Vietnam: What You Need to Know About Trading Crypto in Vietnam
When you use Binance Vietnam, the localized version of the world’s largest crypto exchange tailored for Vietnamese users. Also known as Binance VN, it lets you buy and sell Bitcoin, Ethereum, and other coins using Vietnamese dong (VND) through bank transfers, e-wallets, and peer-to-peer trading. But since 2023, Vietnam’s government has tightened rules—Binance no longer offers direct fiat deposits for most users, and the platform now operates mostly as a P2P and spot trading hub.
That’s why many Vietnamese traders now rely on peer-to-peer (P2P) trading, a system where users trade crypto directly with each other using local payment methods. Also known as Binance P2P, this method bypasses strict banking restrictions and remains the most practical way to get crypto into Vietnam. Meanwhile, crypto regulation in Vietnam, a patchwork of warnings from the State Bank and unclear tax rules. Also known as Vietnam crypto laws, it doesn’t ban crypto—but it doesn’t protect you either. If you trade on Binance Vietnam, you’re doing so at your own risk, with no legal recourse if things go wrong.
What you’ll find in the posts below isn’t a guide to signing up—it’s a reality check. You’ll see reviews of exchanges like HTX and Tokenmom that claim to be safer alternatives. You’ll learn how fake airdrops and unregulated platforms like BitAI and BitAsset prey on users who don’t know the local rules. You’ll see how KYC is becoming unavoidable, even in a country where it’s not officially required. And you’ll find out why privacy coins like Monero are getting squeezed out, while stablecoins and P2P remain the backbone of crypto use in Vietnam.
There’s no official Binance Vietnam app anymore. No easy bank links. No customer support that speaks Vietnamese. But there are still thousands of people trading daily—using P2P, using local wallets, using grit. What follows isn’t hype. It’s what’s actually working (and what’s falling apart) in Vietnam’s crypto scene right now.