Binance
The dominant exchange in Vietnam, with the deepest VND P2P market
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Key facts
- Founded
- 2017
- Headquarters
- Global (no single HQ)
- Max leverage
- 125x
- Coins listed
- ~430+
Overall rating
Trading fees
Binance in Vietnam: overview
Binance is the most-used crypto exchange in Vietnam, and by a significant margin. With around 17 million Vietnamese now holding crypto, roughly a fifth of the population, Binance captures a dominant share of that activity. Its Vietnamese-language app, deep P2P VND market, and broad coin selection of roughly 430 assets explain why the largest local communities on Facebook and Telegram are built around it. Vietnam ranks #4 in the 2025 Chainalysis global adoption index, and much of that grassroots volume flows through Binance.
Funding Binance with VND via P2P (MoMo, ZaloPay, bank)
Binance operates the deepest VND P2P market in Vietnam, and critically, charges no P2P fees. A Vietnamese user opens the Binance P2P section, selects VND, and chooses a verified merchant who accepts bank transfer, MoMo, or ZaloPay. After sending VND to the merchant, USDT (or another stablecoin) is released from escrow to the buyer's Binance wallet, typically within minutes. This is the standard funding path for Vietnamese traders because no licensed fiat on-ramp exists domestically yet. Withdrawals work in reverse: sell crypto to a merchant for VND paid to your bank account or e-wallet.
Binance fees: 0.1% spot, BNB discounts
Binance charges 0.10% for both maker and taker on spot markets at the standard (VIP0) tier, in line with the industry norm. Futures fees are lower at 0.02% maker / 0.05% taker, with leverage up to 125x. Holding BNB and applying it to pay fees gives a further discount. For a trader doing modest volume, these fees are reasonable; higher-volume traders should compare against the zero-maker-fee alternatives.
Binance Vietnamese app, support and community
Binance ships a full Vietnamese-language interface across its mobile app and web platform, including menus, help articles, and trading screens. Customer support is accessible via live chat and a Vietnamese-language help centre. The app is available on both iOS and Android and is one of the most widely downloaded finance apps in Vietnam. For new users unfamiliar with crypto, the Vietnamese-translated onboarding guides and a large local Binance community on Facebook and Telegram provide additional practical support.
Binance and Vietnam law: is it safe to use?
Binance is the world's largest exchange by trading volume and the most trusted crypto platform among Vietnamese traders, with the deepest VND P2P market and roughly 17 million crypto holders across the country relying on it. That scale is matched by the strongest security stack here: 2FA, withdrawal whitelisting, and published Proof of Reserves you can verify yourself. It is legal and widely used in Vietnam today (see the regulation note above for the proposed rule). As with any exchange, keep long-term holdings in a personal wallet and only leave on the platform what you actively trade.
Pros
- Deepest liquidity and the most active VND P2P market in Vietnam
- Vietnamese interface, zero-fee P2P, MoMo and ZaloPay supported
- Widest product range — spot, futures, Earn, copy trading
Cons
- Interface has a learning curve at first while you settle on the screens you use
- Heavier KYC and compliance friction for new accounts
Our verdict
Roughly 60% of Vietnam's crypto volume already runs through Binance, and the reasons are obvious once you fund an account: the VND P2P book is the deepest in the country and the spot order book is among the deepest in crypto. That depth and reputation are exactly why it is the safe default for Vietnamese traders.
Sign-up bonus
Sign up with code SAVE20 and you trade at a standing fee rebate, on top of whatever new-user voucher rewards Binance has live that month. The rebate is the part that does not expire.
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Frequently asked questions
Is Binance legal in Vietnam?
Yes — trading crypto is legal in Vietnam and there is no ban on Binance today; it is the most-used exchange in the country. See the regulation note on this page for the proposed foreign-platform rule, which is not yet in force.
How do I deposit VND on Binance?
Binance runs the deepest VND P2P market in Vietnam and charges no P2P fees, so it is usually the cheapest and fastest on-ramp. Pick VND in the P2P section, choose a verified merchant accepting bank transfer, MoMo, or ZaloPay, and pay them directly; the USDT they had locked in escrow is released to your wallet, typically within minutes. The deep merchant pool means you can shop for the best VND rate.
Does Binance support Vietnamese language?
Yes, and Binance has the strongest Vietnamese-language footprint of any exchange here. Beyond the fully translated app, website, help centre, and support chat, the largest Vietnamese crypto communities on Facebook and Telegram are built around Binance, so new users have plenty of local guidance and peer help in Vietnamese.
Is Binance safe to use in Vietnam?
Binance is the largest exchange globally by volume and runs the strongest security stack of the exchanges here: 2FA, withdrawal whitelisting, and published Proof of Reserves you can verify yourself. As good practice on any platform, keep long-term holdings in a personal wallet and only keep on-exchange what you actively trade.