Summary: Vietcom Bank does not directly offer any products or services that enables its customers to buy Bitcoin and cryptocurrencies through its online banking platform. This means that investors in Vietnam will need to sign up to a regulated exchange in the country to transfer Vietnamese Dong (VND) to buy and sell digital assets.
Our top pick for Vietcom Bank account holders is OKX. Their platform is licensed and approved in Vietnam and offers instant VND deposits to trade over 300 cryptocurrencies with low fees. OKX is the most popular exchange in Vietnam and Asia with over 10 million users in the region.
- Free and instant Vietnamese Dong (VND) deposits to buy crypto in Vietnam.
- Trade & stake over 340 tokens like Bitcoin and Ethereum with low fees and tight spreads.
- Feature-rich platform with Staking, an NFT Marketplace, Lending/Borrowing & more.
Can I Buy Crypto with Vietcom Bank?
Currently, Vietcom Bank does not offer any facilities for buying, trading, or storing cryptocurrencies via its internet banking, mobile app, or physical branch locations. To acquire digital currencies, customers need to register with a licensed crypto exchange operating in Vietnam and overseen by the State Bank of Vietnam (SBV). After depositing VND into their chosen platform, they can participate in purchasing and exchanging various cryptocurrencies.
How to Buy Bitcoin and Crypto with Vietcom Bank
As outlined above, the best way to buy digital assets with a Vietcom Bank account is through a State Bank of Vietnam (SBV) approved crypto exchange. With this method, investors can easily transfer Vietnamese Dong (VND) with zero fees to buy, sell and stake cryptocurrencies like Bitcoin, Ethereum, Solana and more.
You can get started in minutes with our recommended exchange, OKX:
- Sign Up: Create an account on OKX and complete your verification.
- Find the Buy Page: Select the 'Buy Crypto' tab in the navigation menu.
- Deposit Funds: Select VND, the amount you want to deposit and the token you want to buy.
- Buy Crypto: Click 'Buy' and select your payment method. We recommend using 'P2P Express' to facilitate a Bank Transfer to deposit VND onto OKX.
Is Vietcom Bank Crypto-Friendly?
Yes, Vietcom Bank is a crypto-friendly bank that allows its customers to transfer VND into licensed and regulated exchanges. This means that customers can legally buy, sell and trade crypto assets with OKX or other exchanges approved by the SBV. However, it is important to note that Vietcom Bank does not offer any products or services related to cryptocurrencies and has not plans to do so in the future.
About Vietcom Bank
Vietcombank is one of Vietnam's leading commercial banks. The bank was founded in 1963 and currently has more than 100 branches and 1000 transaction offices throughout the country. It provides a wide range of services, including lending, deposit-taking, foreign exchange, money transfer, insurance and investment management. In addition to traditional banking activities, Vietcombank also offers innovative banking products and services through its Internet Banking and Mobile Banking platforms.
Final Thoughts
In conclusion, while Vietcom Bank does not directly support cryptocurrency transactions, it is a crypto-friendly institution that permits its customers to transfer VND to regulated exchanges like OKX. By using a licensed platform, Vietcom Bank account holders can efficiently buy, sell, and trade digital assets. Although the bank does not currently offer any cryptocurrency-specific services, it remains a reliable choice for Vietnamese investors seeking exposure to the growing digital currency market.
Dylan Matthews is the Co-Founder and head of operations at Buy Bitcoin Bank, with a background in engineering and experience as a Prop Trader. He has leveraged his knowledge and skills to build and scale the platform, providing users with a seamless experience for buying and selling cryptocurrency.
