Vietnamese investors can purchase, trade, and manage Tether (USDT) by depositing Vietnamese Dong (VND) on regulated cryptocurrency platforms operating in the region.
Recommended Exchanges for USDT in Vietnam
Top platforms like Bybit, Binance, and Kraken comply with local regulations, offer proof of reserves, and maintain high USDT liquidity.
👉 Bybit stands out for its strict regulatory compliance, robust security, and user-friendly interface supporting 1,200+ cryptocurrencies.
Available Cryptocurrencies
- Tether (USDT)
- USD Coin (USDC)
- 1,200+ other crypto assets
Trading Fees
- 0.01% taker fee
- -0.025% maker rebate
VND Deposit Methods
- Bank transfers
- Viettel Pay
- VNPAY
- Debit/Credit cards
Note: While Vietnamese residents can buy/sell/hold USDT, cryptocurrencies are not legal tender and cannot be used for domestic payments. The State Bank of Vietnam (SBV) bans crypto transactions.
Step-by-Step Guide to Buying USDT in Vietnam
Create an Account
- Sign up on Bybit with your email/phone.
Complete KYC Verification
- Submit ID (e.g., passport or citizen card).
Deposit VND
- Use bank transfers, cards, or VietQR (zero/low fees).
Buy USDT
- Enter amount and confirm the transaction.
Best Exchanges to Buy USDT in Vietnam
| Exchange | Cryptos | Fees | VND Deposits | Key Features |
|----------|---------|------|--------------|--------------|
| Bybit | 350+ | 0.1% | Bank/card/VietQR | Spot/futures, staking |
| Binance | 400+ | 0.1% | Bank/MoMo/P2P | Copy trading, demo account |
| Kraken | 450+ | 0.16%/0.26% | Bank/card | Proof of reserves |
| OKX | 350+ | 0.08%-0.1% | Bank/card | Options, OKX Wallet |
Fees for Converting VND to USDT
- Deposits: Free (bank transfers); 1%-1.5% (cards).
- Withdrawals: Minimal fees for VND; variable for crypto.
- Trading: 0.1% (Bybit), 0.16%-0.26% (Kraken).
Tip: Use local bank transfers to minimize costs.
Tax Implications of USDT in Vietnam
- Capital Gains: 20% on USDT sale profits.
- Income Tax: 5%-35% on staking/mining rewards.
- Regulations: Monitor updates from the General Department of Taxation.
About Tether (USDT)
Tether (USDT) is a USD-pegged stablecoin popular among Vietnamese investors. While not legal tender, holding USDT is permitted.
FAQs
How to Secure USDT Transactions in Vietnam?
- Use exchanges with 2FA and cold storage.
Risks of Holding Large USDT Amounts?
- Market volatility and regulatory changes.
Earning Passive Income with USDT?
- Staking or lending via platforms like Bybit.
Safest Wallet for USDT Storage?
- Hardware wallets (e.g., Ledger) or regulated custodial services.
Final Thoughts:
Choose Bybit or Binance for transparent fees and compliance. Stay updated with local regulations to mitigate risks.
Author: Tony Kreng, MBA | Financial Analyst & Editor at Datawallet.