How to buy crypto (Bitcoin) from Vietcombank?
Investing in crypto at Vietcombank is 100% possible, you only need to know how! In this guide, I explain how to invest in Bitcoin & other crypto by using your bank account at Vietcombank.
How to buy crypto with Vietcombank?
Step 1: open an account with a crypto exchange
Opening an account with a crypto exchange is often done in no time. You need an account with a crypto exchange to buy Bitcoin using your bank account with Vietcombank. Use the buttons to open an account with Vietcombank directly:
|Trade in Bitcoin & other cryptos! Try for free with a demo & deposit money with Vietcombank after. eToro USA LLC; Investments are subject to market risk, including the possible loss of principal.|
Step 2: deposit money with Vietcombank
After you open an account, you can directly deposit funds to the crypto exchange using your bank account with Vietcombank. Keep in mind that many crypto exchanges charge extra fees for exchanging foreign currencies into dollars. Furthermore, you regularly pay higher fees when depositing money using your credit card.
Step 3: buy crypto with Vietcombank
You can choose hundreds of different crypto coins within the crypto exchange trading platform. All crypto coins besides Bitcoin are also called altcoins. Altcoin projects can be worth billions, but some are only worth a few million. Smaller crypto coins have higher volatility, and it is then even more important to research the crypto coin carefully.
When you are sure which crypto you want to buy, you can select it directly within the trading platform. Enter the amount you would like to invest (you can do this from as little as $1) and press the buy button. It will then take a few seconds before you see the crypto back within your account.
You can decide to then send your crypto to an external wallet. That way, you maintain full control and prevent the crypto exchange from running off with your funds.
What is Vietcombank’s crypto policy?
Vietcombank has a positive stance on crypto: you can therefore transfer money to a crypto exchange there without any problems. However, it is critical to choose a reliable crypto exchange. Some crypto exchanges commit fraud, causing users to lose their entire deposit.
How does Vietnam’s government feel about crypto?
The Vietnamese government has shown increasing interest in cryptocurrencies and blockchain technology. Although the country is still cautious about cryptocurrencies, it has introduced rules to encourage adoption.
Since 2018, companies operating with crypto can apply for registration & licensing. The government is also increasingly focusing on countering money laundering through crypto. The Vietnamese government also sees the power of blockchain and is therefore trying to promote the introduction of blockchain technology.
Crypto is very popular in Vietnam; so my guess is that the government will roll out more and more policies. In the future, it might be possible to buy Bitcoin & other crypto directly from your favourite bank. This would boost adaptation in the country immensely.
Vietcombank is one of the largest commercial banks in Vietnam, offering a wide range of financial products and services. The bank was established in 1963 and has since grown into a major financial player in the country.
Vietcombank focuses on providing affordable and accessible financial products and services, including insurance, investments, and payment solutions.
Vietcombank is headquartered in Hanoi. The bank has more than 100 branches and manages around $300 billion in assets. Vietcombank is therefore an indispensable player in Vietnam’s economy.
Can you buy Bitcoin from Vietcombank?
You can buy Bitcoin from Vietcombank, but not directly through the bank. You first need to link your bank account at Vietcombank to a crypto exchange. A crypto exchange is a party that allows private investors to buy and sell popular cryptocurrencies. At the top of this guide, you can see which exchanges you can use to start trading crypto.