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Binance and OKX are the two most widely used exchanges among Vietnamese traders. Binance leads on VND P2P liquidity and overall volume; OKX counters with the lowest spot maker fee among major platforms at 0.08% and a built-in Web3 wallet that gives direct access to DeFi without leaving the app. Both are foreign exchanges named in Vietnam's proposed foreign-platform restrictions, which are not yet in force.

Binance and Bybit are both top choices in Vietnam, but they serve different trading profiles. Binance is the dominant all-rounder with the strongest VND P2P infrastructure. Bybit has built its reputation on derivatives — perpetual futures and options — and is particularly popular with Vietnamese traders who focus on leveraged products. Both are foreign exchanges subject to Vietnam's proposed licensing restrictions.

MEXC and Binance occupy different niches for Vietnamese traders. MEXC offers a 0% spot maker fee — the lowest of any major exchange — and lists more altcoins than any competitor, making it the go-to platform for early-stage token discovery. Binance offers higher liquidity, a deeper VND P2P market, and a more established track record. Both are foreign exchanges named in Vietnam's proposed foreign-platform draft rules.

OKX and Bybit are both strong choices for Vietnamese traders who have already solved their VND on-ramp via Binance P2P or another P2P service. OKX stands out for its 0.08% spot maker fee and integrated Web3 wallet; Bybit is the derivatives specialist, with a product suite focused on perpetual futures and options. Both are foreign exchanges subject to Vietnam's proposed licensing framework.