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VI Did you know that virtual currency has been a very popular investment trend around the world and in Vietnam? To invest, buy or sell virtual currency you will need to do it through an exchange, but there are many different virtual currency exchanges today, how to choose the best one for you? Don't worry, this article will answer all your questions and give advice on choosing the right exchange for you.
We will evaluate virtual currency exchanges in Vietnam based on safety criteria, transaction fees, customer service and virtual currency portfolio. Below is a list of the 5 best virtual currency exchanges in 2024 for traders in Vietnam.
Mục Lục
OKX
OKX cryptocurrency exchange was established in 2014, and is one of the largest on the market, with more than 20 million users from more than 100 countries. The exchange is headquartered in Seychelles and has a daily trading volume of over 1.8 billion USD.
OKX offers many features to users, including centralized and decentralized exchanges, allowing spot trading, futures contracts, margin, options and trading bots. Users can buy cryptocurrency directly with Vietnamese currency without deposit fees.
The exchange lists more than 340 cryptocurrencies such as BTC, ETH, XRP, BCH, SOL, and users can learn about the trends and rankings of cryptocurrencies on OKX.
Advantages of OKX
- Many trading features for futures, virtual currencies and derivatives
- Low spot transaction fees
- More than 350 crypto assets
Fee structure
- Free but charge a price difference
Binance
If you want to find a virtual currency exchange with low fees and the best P2P trading experience, consider using Binance. You can trade cryptocurrency pairs like ETH/BTC for as little as 0.1% per trade. For example, if you trade 2,000,000 VND, you only have to pay 2,000 VND in fees.
However, if you want to buy cryptocurrency with Vietnamese currency, you will have to pay some additional fees. For example, a purchase will cost 0.5%, and if you deposit using a Visa or MasterCard, you will have to pay an additional 4.5% fee..
You can access your Binance account via the official website or download the app on iOS/Android. However, it should be noted that Binance cannot regulated by the SEC and there aren't any licensing agencies, so your account may be at risk, this is the largest exchange in Vietnam and so far no users have encountered any problems.
Binance allows you to buy cryptocurrencies like Terra Luna, AAVE, DYDX coin with low transaction fees. Additionally, Binance is also an NFT exchange that allows you to invest in the best NFTs. This floor has many other features that you can learn more about.
Advantages of Binance
- Extremely large cryptocurrency portfolio (largest of all)
- Low transaction fees
- There is the platform's own staking service
Fee structure
- 0.1% buy/sell fee
- 4.5% express purchase fee
Capital.com
Capital.com is a virtual currency exchange suitable for traders who want to leverage technology to increase their income and investors looking for a perfect trading experience. This exchange has a mobile application that integrates artificial intelligence to improve the trading experience.
In addition, the floor also provides reference materials for new investors and provides relevant financial information and news to support users. Capital.com is managed by reputable organizations such as the British Financial Commission, the Cyprus Stock Exchange and the National Bank of Belarus.
The floor allows a minimum deposit of 440,000 VND and withdrawal of only about 1,100,000 VND ($50), convenient for retail investors. The exchange offers a diverse virtual currency portfolio with more than 3700 assets including many cryptocurrency pairs, stock codes and other derivative assets.
Advantages of Capital.com
- Lowest price difference fee in the market
- Regulated by FCA and CySEC
- Low minimum deposit
Fee structure
- Free but charge a price difference
eToro
eToro is the second leading virtual currency exchange for investors in Vietnam. This exchange offers over 70 cryptocurrencies, all traded in US dollars. Trading fees at eToro range from 0.75% to 1% for different cryptocurrencies.
You can buy Solana, Litecoin, XRP, Polkadot, Shiba Inu, The Graph and many other cryptocurrencies on this exchange. eToro does not charge fees for deposits in US dollars, including payment methods such as Paypal, credit/debit cards, Neteller, ACH and local bank transfers.
The floor allows a minimum deposit of 220,000 VND and has a Crypto Portfolio category and a DeFi category. You can also copy other investors on eToro for passive investing. eToro is regulated by the SEC, FINRA, CySEC, ASIC and FCA, ensuring safety and social responsibility for both new and professional investors.
Advantages of eToro
- Just deposit a minimum of 220,000 VND
- Payment via Paypal, debit card and credit card
Fee structure
- 1% transaction fee and $5 withdrawal fee
Skilling
Skilling is an emerging online trading provider that focuses on CFD trading. This platform has quickly grown and gained recognition in many countries such as Vietnam, Germany, Norway and Sweden, with headquarters in Cyprus.
Skilling is highly rated for its user-friendliness, with the goal of ensuring transparency and simplicity for both new traders and sophisticated investors. Skilling's trading software provides all the necessary tools for trading. Skilling received the “Best CFD Broker – Global” award at the UF Awards Global 2024, confirming their professionalism and commitment to providing high-quality CFD trading services.
A standout feature of Skilling is its 24/7 trading capabilities, allowing you to trade at any time, even on weekends. You can trade popular currency pairs and there are also special tools designed for weekend trading. 24/7 trading is a great opportunity for Skilling's customers to trade flexibly and take advantage of opportunities in volatile markets.
Advantages of Skilling
- Transactions use the exchange's wallet, no need for a cryptocurrency wallet.
- Integrated MT4 platform.
- Demo accounts are provided.
Fee structure
- 2.9% for transactions using Neteller and Skrill
- Price difference
FAQ
Which virtual currency exchange is best for retail investors?
The best cryptocurrency exchanges for retail investors are probably Binance, eToro, and OKX
Where are the best cryptocurrency transaction fees?
OKX exchange has the best fee structure for retail investors, however this exchange charges higher exchange fees if you pay by debit or credit card than other exchanges.
How do exchanges make money?
Exchanges make money through charging transaction fees, withdrawal fees, listing fees for new projects, and providing other financial services such as cryptocurrency lending.
Do I need an e-wallet to trade virtual currency?
If you trade virtual currencies on exchanges, you do not need to own an e-wallet. The exchange will provide an electronic wallet for you to store and manage your virtual money.
Is trading cryptocurrency risky?
Cryptocurrency trading is as risky as any investment. Risks include price fluctuations, security risks, legal risks and market risks.
