Top 15 reputable Crypto exchanges in Vietnam in 2022
- 1. Functions of Crypto exchanges
- 2. Binance exchange
- 3. Huobi exchange
- 4. Coinbase exchange
- 5. Vicuta exchange
- 6. Remitano exchange
- 7. VCC Exchange
- 8. Aliniex Exchange
- 9. T-Rex Exchange
- 10. MEXC Global
- 11.BitMart exchange
- 12. Gate.io Exchange
- 13. Kucoin exchange
- 14. Kraken exchange
- 15. OKEx Exchange
- 16. Bithumb exchange
Are there any Crypto exchanges reputable? This is a very sought-after question for those new to Bitcoin investing. In the following article, BHO Network will summarize the top 15 leading trusted Crypto exchanges in Vietnam and the world. Follow along!
1. Functions of Crypto exchanges
On exchanges, cryptocurrencies are listed with specific information about prices, price movements, and market charts. This is where investors trade, buy and sell. These investors often have the common goal of making a profit.
Cryptocurrencies are evaluated based on three main factors: buying and selling volume, issuer, and economic and political information. There are over 400 exchanges worldwide (according to Coinmarketcap). The largest and most reputable cryptocurrency exchange is still Binance (China).
Five major cryptocurrency exchanges but with the lowest transaction fees today
2. Binance exchange
Binance is a cryptocurrency exchange that originated in China and was established in 2017. Currently, the exchange has surpassed many competitors to occupy the top position. In Vietnam and many countries worldwide, Binance is known for its credibility and efficiency.
- Compatible with popular operating systems such as mobile phones and desktop computers.
- A friendly interface helps increase user experience.
- The most popular cryptocurrencies supported are 253 coins.
- There are many trading pairs: 865 pairs.
- Quick list of new cryptocurrencies.
- Free recharge.
- High liquidity.
- Highest trading volume, you can buy and sell coins at any time.
- Fast transaction speed, order processing volume of 1.4 million orders/second.
- With a professional support team, the system is always safe and reliable.
- The issued coin in its exchange is Binance Coin (BNB).
- The transaction fee is only 0.1%, and the usage of BNB coins will be reduced by 25%.
- Support for mobile trading applications compatible with two platforms: IOS and Android.
- There are various products such as mortgages, futures, and options.
- You can buy Binance 2P cryptocurrency with VND.
- Provide SAFU (user insurance fund, limit the situation of the exchange being hacked).
- Support users with professional staff.
- Live chat in Vietnamese.
- Due to the large trading volume, the exchange is sometimes slow to operate.
- Often targeted by hackers as it is a well-known exchange.
Pros and Cons of Binance exchange
3. Huobi exchange
Huobi exchange is currently a serious competitor to Binance Vietnam. This cryptocurrency exchange was listed on May 15, 2013, and is popular in Korea, Japan, Hong Kong, Vietnam, and many other countries.
- Friendly interface, easy to use, increased user experience.
- Compatible on two popular platforms: mobile and desktop.
- 287 cryptocurrencies and 772 trading pairs are supported.
- High liquidity.
- It has its trading currency (Huobi Token), second only to Binance Coin on Binance Exchange.
- Fast transaction speed and powerful trading platform
- When using HT, you will get 25% off transaction fees.
- High security because it is built with advanced anti-DDOS technology.
- Safe for users as most customer funds are stored in offline wallets.
- The largest trading volume is second only to Binance.
- Margin trading with up to 3x leverage.
- All countries have professional support teams.
- The 0.2% transaction fee is higher than the common denominator.
- Having too many domains can confuse users when they visit a website.
- It takes a long time to withdraw large amounts due to manual confirmation.
Huobi exchange is prevalent in Korea, Japan, Hong Kong, Vietnam, and many other countries
4. Coinbase exchange
Coinbase Pro is well known and thriving in the US. The exchange is owned by the company Coinbase.com, which is safe and secure under the supervision of US law enforcement agencies.
- It has a professional trading interface.
- Support stop-limit orders to help traders trade better.
- Coin-to-fiat transactions are supported.
- No withdrawal/deposit fees.
- It has a large trading volume and high liquidity.
- 98% of customer assets are stored in cold wallets.
- The exchange applies advanced technology, 2FA security features, and email verification to ensure the safety of customer information.
- Not yet supported for Vietnamese users.
- The transaction fee is relatively high, from 0.1% to 0.3%.
- Support quite a few coins and tokens.
- Margin trading is not supported.
Coinbase exchange is regulated by US law enforcement
5. Vicuta exchange
Vicuta.com is one of the famous exchanges in Vietnam, used by the crypto community to buy and sell Bitcoin, Ethereum, Ripple, Bitcoin Cash, and more than 200 other cryptocurrencies.
- Fast transaction speed, no long waiting time
- Good exchange rate for coins
- 24/7 customer support
- High liquidity
- Support payment through many popular banks
- Payment support more than 200 different coins
- Online support via Live Chat, Facebook, email
- There are risk warnings, instructions, and investor support pages
- High customer and transaction information confidentiality
- The website is still being upgraded and developed
- The transaction limit is less than 500 million VND
- Not all Vietnamese banks are supported
- Vicuta.com exchange supports many currencies and can also conveniently pay through many other banks.
Vicuta exchange supports more than 200 different cryptocurrencies
6. Remitano exchange
Remitano.com is a reputable and highly safe BTC, USDT intermediary exchange. Currently, Remitano is developing Bitcoin trading services in the United States, Australia, Malaysia, Nigeria, Vietnam, Cambodia, China, and other countries.
- Bitcoin transactions are secure, and Bit Giga Pte. Ltd. Singapore operates the Remitano exchange.
- Because buyers and sellers bid competitively, the price is reasonable; the difference between Remitano's bid-ask price is from 1.5 to 2 million VND.
- Transaction costs are low (only about 0.5%) for those who do not do advertising, as this is a direct money transfer between buyers and sellers; there are only bank fees.
- The website interface of the Bitcoin Remitano exchange is user-friendly, easy to use, and offers only one cryptocurrency, Bitcoin.
- When you log in to your account, you can turn on the one-time password feature.
- Remitano has developed two mobile applications that you can currently use on two mobile platforms, iPhone and Android.
- Support payment through many different bank accounts (including Vietnamese and international, usually Vietcombank), inter-bank transfer possible.
- Good support staff, customer service 24/7.
- The transaction completion time is a bit slow because it has to wait for confirmation from both the buyer and the seller. To solve this situation, you should review the seller or buyer information on your profile to see the number of successful transactions and the average time to complete a transaction. In addition, it is also a way to ensure that your transactions are completely safe.
- The maximum and minimum amount of buying and selling Bitcoins depends on the advertiser.
Remitano is a reputable intermediary BTC, USDT exchange
7. VCC Exchange
VCC EXCHANGE is one of the Bitcoin exchanges in Vietnam to list VND on Coinmarketcap. The trading exchange is fully automated through the website, has an explicit business license, and has a company address in Singapore.
- The transaction fee is relatively cheap, about 0.25%, and sometimes there are promotions; the fee can be down to 0%.
- It offers high security: clear legal, company headquarters in Vietnam and Singapore.
- The development team is all famous Vietnamese in the cryptocurrency industry.
- It is well-funded and invested by a large investment fund in Singapore, so it will be handled well if there is a large order.
- With the enthusiastic support of Vietnamese consultants, it is much easier to solve problems than in other international exchanges.
- Currently, they are less focused and knowledgeable about the Vietnamese market, but the 2020 plan will focus on Vietnam, so there will be many attractive promotions.
- The interface is a bit complicated because this is an exchange with many different cryptocurrencies being bought and sold, so it takes some time to get used to.
VCC exchange is the first Bitcoin exchange in Vietnam to list VND on Coinmarketcap
8. Aliniex Exchange
This Cryptocurrency exchange is established by a company with an address in Hanoi and licensed by the Hanoi Ministry of Planning and Investment, so you can be completely assured to trade compared to those exchanges where it is unclear about the leader.
Aliniex exchange currently supports currency transactions: Bitcoin, Ethereum, Litecoin, Bitcoin Cash, and USDT. It offers a simple interface, easy to use, and promotes quick account verification, convenient bank transfer, and high liquidity. Aliniex is currently the top choice for Cryptocurrency transactions in Vietnam.
Aliniex exchange is the leading famous cryptocurrency exchange in Vietnam today
9. T-Rex Exchange
Like two trading exchanges, Aliniex and Remitano, T-Rex uses a P2P platform that allows users to exchange, buy, and sell cryptocurrencies quickly and securely. In addition, the Vietnamese interface is intuitive and easy to use.
T-Rex exchange supports traders through 20 different banks
Unlike Remitano or Aliniex, which only support purchases sold through Vietcombank and Techcombank, the T-Rex exchange supports traders through more than 20 different banks.
This gives users many options to link to the bank they are using. T-Rex Exchange is considered one of the most dynamic Cryptocurrency exchanges.
10. MEXC Global
MEXC Global Exchange (formerly MXC) was established in Singapore in April 2018. The founding team is leading Japanese and European blockchain experts. Compared to other crypto exchanges, MEXC Global supports a much larger number of tokens, 850, and is constantly being updated.
However, this platform also contains many "junk" coins – the term for newly created and lesser-known digital currencies. According to MEXC Global, the company's platform currently has more than 6 million active users from more than 200 countries worldwide, with a daily trading volume of more than $900 million. MEXC now supports many similar trading features as Binance but with a more complex interface.
In addition, some investors commented that the system has many errors when trading, especially in the web version, such as "stuck" in some deposit and withdrawal functions. MEXC Global currently supports many languages, including Vietnamese.
In addition to the web version, the platform also has apps for iOS and Android. The primary token of MEXC Global is MX, currently priced at $0.8.
MEXC exchange attracts 6 million participants, with a daily trading volume of more than 900 million dollars
BitMart was founded in March 2018 and is headquartered in the Cayman Islands; most employees are from China. This cryptocurrency exchange is now licensed by the US Financial Crimes Enforcement Network (FinCEN). Therefore, it offers cryptocurrency trading services in many countries.
BitMart is built on Google Cloud, using distributed computing services from Google Spanner and BigTable to improve security. The advantages of this platform over competitors are 0% transaction fees, transaction speed, cross-platform support, and an easy-to-use interface.
However, BitMart still has some limitations, such as no margin trading. Users who want to withdraw from the exchange must verify their identity (KYC) and limit the number of deposits/withdrawals.
According to the BitMart announcement, the platform now conducts the equivalent of $576 million daily digital currency transactions. The platform's token is BMX, which runs on the Ethereum blockchain and is currently priced at $0.19. BitMart presently supports many languages compared to other platforms, including Vietnamese.
BitMart Exchange has advantages such as a 0% transaction fee and an easy-to-use interface
12. Gate.io Exchange
It is one of the oldest cryptocurrency exchanges in China, which Gate Technology Inc. of America manages. Gate.io transactions are mainly conducted on the website. In addition, Gate.io also supports functions such as placing orders, recording transaction history and displaying maps.
- User transactions are done securely in a high-security system.
- Various trading platforms are supported.
- There are many incentives and attractive commission policies.
- It offers a friendly interface with a beautiful, high experience.
- Mobile application development.
- This high-quality trading platform has a long history and a good reputation.
- The staff is not professional.
- The transaction fee is relatively high at 0.2%.
- Although the system is highly secure, it is still targeted by the hackers.
- The KYC process is more complicated than other exchanges.
Gate.io exchange is one of the oldest exchanges in China
13. Kucoin exchange
Kucoin is a Cryptocurrency exchange developed in China, which is currently headquartered in Hong Kong and is gradually expanding internationally. This exchange is relatively safe and reputable. So far, there have been no serious attacks on the KuCoin system.
- Low transaction and withdrawal costs.
- User-friendly interface.
- Own many popular altcoins.
- You can buy cryptocurrencies with fiat.
- No KYC verification when staking and earning high profits from Cryptocurrencies.
- The professional consulting team supports online via Facebook, email, and live chat 24/7.
- No fiat trading pairs are available.
- Bank deposits are not supported.
- A bit complicated for new users.
Kucoin exchange has not encountered any serious attack
14. Kraken exchange
Kraken is the exchange that provides the two most popular cryptocurrencies: Bitcoin and Ethereum. Individuals and large financial institutions highly invest in the exchange. Kraken is popular in many countries, including Vietnam.
Kraken exchange is famous in Vietnam
- Fast and secure transaction.
- High liquidity.
- The cost is relatively low: 0.16% for the seller and 0.26% for the buyer.
- Use cold storage to keep customers' money safe.
- Various coins, from common to rarely used, are supported.
- Developed mobile applications compatible with the iOS platform.
- The website can be accessed on any device.
- Reserve audits are cryptographically confirmed.
- Use financial leverage up to x5 products.
- Some Kraken accounts were hacked in 2016.
- No compatible Android apps.
15. OKEx Exchange
OKEx was established in 2014 with an investment of millions of dollars. Compared to Binance and Huobi, the development of OKEx in the Vietnam market is not so strong. However, this exchange is still highly appreciated and trusted by users.
- It supports a wide range of trading products.
- Professional and safe security system.
- Low transaction fees, only from 0.1%.
- Optimum flow, high capacity.
- Grow your coin, OKB.
- It works well on mobile devices.
- Multiple trading pairs are supported.
- Support team 24/24 and development on Telegram community.
- Although OKB has been used, it still does not reduce the cost.
- A complicated interface annoys users.
- Transferring money back and forth between platforms is very confusing.
OKEX exchange is highly appreciated and trusted by many people
16. Bithumb exchange
Since its launch, Bithumb has become a world-famous cryptocurrency exchange. Bithumb has won the trust of customers with high transaction volume.
Bithumb exchange has a high number of transactions
- Friendly interface, easy to use.
- It supports many languages in the world.
- The low cost is 0.1%.
- The trading volume is relatively high.
- No deposit is required.
- Fast deposit/withdrawal speed.
- Smooth website, quick page loading, elevated experience.
- The high-security system ensures the safety of customer information and transactions.
- Suitable for crypto novices and advanced traders.
- Customer support 24/7 live on the chat box and phone.
- Liquidity is not high.
- A small number of coins and coins are supported.
- Telegram is not supported.
- There is no stop-loss order.
Above is the information about the Crypto exchange that BHO Network aggregates. Hopefully, the knowledge in this article will help you choose a reputable exchange easier. If you have any questions, please visit the website https://bho.network to get the answer as soon as possible!
Published on January 10, 2022
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