How to buy bitcoin in Vietnam
Bitcoin has remained the most popular cryptocurrency in the world for almost ten years. Even if transactions on the bitcoin blockchain are not as fast as with Ethereum or Tether (USDT), it is still used by the largest number of people in the world. This can be explained by two reasons: first of all, it is the prevalence and wide popularity of bitcoin, and besides its long history, which certainly affects people's trust in this cryptocurrency.
Digitalization in Vietnam reaches really high values: about 64 million Internet users live there. At the same time, 41% of people in Vietnam own cryptocurrency. In 2021, funding for cryptocurrencies has quadrupled, reaching $15 billion. The younger generation of Vietnam can transform the country's economy from ordinary to digital. The government of the country is preparing to legalise cryptocurrency in order to speed up existing processes.
Now it is not difficult to buy bitcoin in Vietnam. The Itez service allows you to make a purchase with a bank card for euros, dollars, Vietnamese dong. Instructions next!
In order to buy bitcoin, it is not necessary to register on the Itez website. In a handy calculator, you can quickly calculate the cost of BTC based on the amount you plan to use for payment. The smallest purchase amount in dollar terms is 30 USD. By the way, the same applies to the euro - the starting purchase threshold starts at €30. Well, in our instructions, as promised, we will go through all the stages of purchase BTC for dollars step by step.
After converting the currency to BTC, you will see the final result in the "You Get" field and on the "Buy" button. Click the button and enter your email address in the following window.
Verify your email with a 6-digit code sent to the previously indicated e-mail and click the "Verify" button.
Specify the purchase amount in the Itez dialog box. Copy the recipient address - your bitcoin wallet - from the “Accept” section.
Important: you should not manually copy the bitcoin wallet address. The blockchain system does not give any information about bitcoin addresses problems, and if an error occurs during manual entry, all the buyer's funds may be lost.
For example, this is how the copy address button looks like in the Exodus wallet:
After copying the bitcoin wallet address, paste it into the dialog box.
Check your data — it is important to make sure that the address is entered correctly.
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After pushing the “Card details” button, enter the required card information: card number and expiration date, the cardholder name and CVC-code — three numbers on the back of the card.
Push the “Pay” button and enter the one-time bank code in the following window. As soon as the transaction receives 6 confirmations in the blockchain network, your bitcoin wallet balance will be top-up.
Important: the transaction will wait for confirmations for time. After six network confirmations, bitcoin will be on your e-wallet; when buying with Itez it will take for about 15 minutes. This is a very good speed for the Bitcoin network since transactions in the most popular blockchain network are somewhat slower than in other networks due to its properties and high load.
The transaction will first wait for confirmations from the blockchain network.
After six confirmations, the BTC networks will be yours for good; when buying from Itez, this will happen on average within 15 minutes.
This is a very good indicator for the Bitcoin network, since transactions are somewhat slower in the most popular blockchain network than in other networks, due to its design features and high workload.
As in many countries, Vietnam's banking system is two-tiered and consists of the main State Bank of Vietnam and commercial financial institutions. Experts believe that the banks of this state have a lot to grow, but at the same time they see great potential in Vietnamese banks. Vietnam is currently developing a policy aimed at stabilising the macroeconomics, focused on reducing inflation and attracting foreign direct investment.
The best banks in Vietnam are considered to be Vietcombank, Vietinbank, Techcombank, MBBank, ACB, VPBank, BIDV, TPBank, HDBank and Agribank.
You can buy bitcoin in Vietnam from the card of any of the banks mentioned above. Your card can be not only debit, but also credit. You can pay with Vietnamese wong, which allows you not to pay the costs for the transfer in euros or dollars. We work with Visa, Mastercard, Maestro, American Express.
Choosing the right cryptocurrency wallet is crucial for a secure start and effective management of your digital assets. Itez Wallet can be your reliable friend and guide in the world of cryptocurrencies. It offers a simple and intuitive interface, a transparent and detailed notification and status system, a training program for beginners, and useful tips on optimal fees for experienced users.
Itez is an instant bitcoin purchase resource. Itez is a certified operator holding a license to sell and store cryptocurrencies of a financial regulator from Estonia. What does this give to customers?
First of all it is safety, since the operator is fully responsible for the risks. He conducts a compliance check, provides cryptocurrency on time and is always in touch with customers, if the need arises. Secondly, it`s efficient. The average time for receiving bitcoin to a client's account is a quarter of an hour. For comparison, let's take similar services Indacoin and MoonPay: when working with them, the time it takes for bitcoin to be credited to the client's electronic wallet will take for about an hour - it depends on how busy the network is. Thirdly, the service offers to customers a favorable exchange rate. Rate changes occur in accordance with the liquidity provider's information, therefore, the BTC value on the Itez website is as close as possible to the market value. The site has no hidden fees as the final BTC value is displayed instantly. If the purchase price does not exceed € 300, then the buyer does not need verification.
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