Summary: VietinBank currently does not provide its customers with direct access to Bitcoin and cryptocurrency purchases through its online banking services. As a result, investors in Vietnam are required to register with a regulated exchange in the country to exchange Vietnamese Dong (VND) for digital assets.
Our top recommendation for VietinBank account holders is Bybit. This platform is fully licensed and authorized in Vietnam, offering instant VND deposits for trading more than 300 cryptocurrencies at competitive fees. Bybit has gained popularity among users in Vietnam and throughout Asia, with a growing user base in the region.
Top Platform for Crypto in Vietnam
Platform Highlights
- Instant and free Vietnamese Dong (VND) deposits to buy Crypto.
- Trade & Stake over 300 cryptocurrencies with industry-leading fees.
- Feature-rich platform with Staking, Derivatives Trading, Options Trading and more.
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How to Buy Crypto with VietinBank
As previously mentioned, the most effective way to purchase digital assets using a VietinBank account is through a State Bank of Vietnam (SBV) approved crypto exchange. This approach allows investors to seamlessly transfer Vietnamese Dong (VND) without fees to buy, sell, and stake cryptocurrencies such as Bitcoin, Ethereum, Solana, and more.
Getting started with our recommended exchange, Bybit, takes only a few minutes:
- Sign Up: Create an account on Bybit and complete the verification process.
- Locate the Buy Page: Choose the 'Buy Crypto' tab in the navigation menu.
- Deposit Funds: Select VND, input the amount you want to deposit, and choose the token you wish to buy.
- Buy Crypto: Click 'Buy' and pick your preferred payment method. We suggest using 'One-Click Buy' for a Bank Transfer to deposit VND onto Bybit.
Is VietinBank Crypto-Friendly?
Yes, VietinBank is a crypto-friendly bank, permitting customers to transfer VND to licensed and regulated exchanges. This means customers can legally buy, sell, and trade crypto assets with Bybit or other SBV-approved exchanges. However, it's important to note that VietinBank does not offer any cryptocurrency-related products or services and has no plans to do so.
About VietinBank
VietinBank is a prominent commercial bank in Vietnam, established in 1988. It operates an extensive network with over 150 branches and 1,000 transaction offices across the country. VietinBank offers a variety of services, including lending, deposit-taking, foreign exchange, money transfers, insurance, and investment management. In addition to traditional banking activities, VietinBank provides innovative banking products and services through its Internet Banking and Mobile Banking platforms.
Final Thoughts
Purchasing cryptocurrencies with VietinBank is a straightforward and secure procedure, thanks to SBV's regulation of crypto exchanges. Customers who prefer to acquire digital assets directly from their VietinBank account can do so through Bybit or other central bank-approved exchanges.
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Author
Andrew Chen is a lead editor and auditor of content for Buy Bitcoin Bank, with a Masters of Computer Science and extensive knowledge in cryptocurrency and blockchain technology. He has helped ensure the accuracy and quality of the platform's educational resources for new and experienced investors in the crypto space.
