Top 3 Cryptocurrency Exchange Sites That Accept The Vietnamese Dong
With the emergence of cryptocurrency about a decade ago, the global financial market has been disrupted and people in many countries consider it as an investment. There is no doubt cryptocurrency has caught the attention of investors and the global business community.
As in other countries where cryptocurrency is available, Vietnam as an emerging economy has taken advantage of the arrival of this digital asset. The availability of cryptocurrency has made money remittance and payment transactions from overseas accounts easier and more convenient. However, not all cryptocurrency exchange sites accept fiat currency. But if you are looking for crypto sites that support the Vietnamese Dong, Money Platform has your back.
Crypto Sites That Support The Vietnamese Dong
Though it has been reported that a million crypto users are in Vietnam, finding reliable sites that accept the Vietnamese Dong has proved to be a struggle for some. This is because the country has suspended certain cryptocurrency activities for security reasons. Nevertheless, there are several cryptocurrency exchange sites you can access if you are using the Vietnamese Dong.
The following are Bitcoin exchanges where you can use the Vietnamese Dong in trading Bitcoin, Litecoin, and Ethereum:
If you’re asking about the leading Bitcoin exchange in Vietnam, then BitcoinVietnam is the answer. It operates from its headquarters in Ho Chi Minh City. This site makes it possible for users to buy and sell Bitcoin, BitcoinCash, Dash, Ethereum, and Litecoin. BitcoinVietnam also offers a wallet where users can store funds.
This site is the sister company of BitcoinVietnam. VBTC is known to be the first trading exchange platform in Vietnam. Though the country still lacks strict rules and regulations when it comes to cryptocurrency transactions, VBTC complies with international Anti-Money Laundering (AML) laws and standards and performs Know Your Customer (KYC) due diligence. VBTC is a Bitcoin-only exchange. Traders can use the Vietnamese Dong to deposit and withdraw currencies.
This is a marketplace for traders who seek alternative ways where they can trade digital currencies. LocalBitcoins is popular among Vietnamese traders because it is a platform that connects buyers and sellers from around the world. This site is not only popular in Vietnam but is also acknowledged around the world.
Cryptocurrency trading is unstoppable in Vietnam even the State Securities Commission heavily prohibited its use.
Finding a reputable cryptocurrency exchange site that supports your local money can be cumbersome and exhausting but there are existing platforms that also plan to support VND in the future. Make sure that before you trade, you have done exhaustive research and inquired from financial experts. This will help you properly get started with your trading experience.