Binance is a global cryptocurrency exchange founded in 2017. It provides a broad range of cryptocurrency services, including spot trading, futures, P2P trading, Earn products, Web3 services, trading bots, Launchpool and research tools.

For Vietnamese users, one of Binance's most relevant features is its VND P2P market. Binance introduced VND support for P2P trading in January 2020, initially allowing users to trade assets such as BTC, USDT, ETH and BNB with Vietnamese Dong.

The platform is particularly useful for users who want to combine VND-based crypto purchases with a full exchange environment. Beginners can start with P2P or simple buying functions, while experienced users can move to Spot, Futures, trading bots and Web3 products.

Binance requires identity verification for new users before accessing major exchange functions such as crypto deposits, trading and withdrawals.

For crypto transfers, users must select the correct blockchain network. Binance currently provides support for multiple networks, and the available networks and withdrawal fees are displayed during the withdrawal process.

Binance Wallet is currently positioned as a self-custodial wallet integrated with Binance, supporting multiple blockchains, swaps, DeFi and DApps.

The former NFT service on Binance Exchange was transitioned to Binance Wallet, with the old exchange NFT service ending on July 3, 2026.

(1) Payment Methods

Binance's card-buying system supports Visa and Mastercard, and its published supported-fiat list includes VND. However, the payment methods displayed to a Vietnamese user depend on the verified account and current regional availability.

How Vietnamese Users Typically Buy Crypto

A common Vietnam-focused route is:

VND → Binance P2P → USDT → Spot Trading → BTC/ETH/Other Crypto

For example, a beginner can use VND to purchase USDT through P2P, move the USDT to the Spot Wallet and then use the USDT trading pair to purchase BTC or another supported cryptocurrency.

Binance's Vietnamese-language support documentation specifically provides a VND P2P purchase flow through the Binance app.

How to Sell Crypto for VND

The reverse route is:

Crypto → USDT → Binance P2P → VND → Vietnamese Bank Account

Users should verify that VND has actually arrived in their bank account before releasing crypto in a P2P sale.

(2) Trading Fee Overview

Binance's current standard Spot schedule lists 0.10%/0.10% for regular users and a 25% reduction when eligible users pay Spot fees with BNB.

P2P is different from conventional order-book trading: Binance states that takers pay zero trading fees, while merchants determine their own advertised prices.

Important: promotional fees, special trading pairs, VIP discounts and regional restrictions can change the actual cost.

(3) Deposit Fees

For cryptocurrency deposits, Binance generally does not charge a platform deposit fee. However, when sending crypto from another exchange or wallet, the sending platform may charge a network or withdrawal fee.

For example, when transferring USDT, users need to select the same network on both sides, such as TRON, Ethereum or another supported network.

Always check the deposit address and network before sending funds.

(4) Withdrawal Fees

Crypto withdrawal fees are not a single fixed rate. They depend on:

• Cryptocurrency

• Blockchain network

• Network conditions

• Minimum withdrawal amount

• Binance's current withdrawal schedule

Binance displays the applicable withdrawal fee before users confirm the transaction.

For Vietnamese users withdrawing to another exchange, it is particularly important to confirm:

Coin + Network + Address + Memo/Tag, if required

An incorrect network or address can result in permanent loss of funds.

Binance's anti-phishing code places a user-defined code into legitimate Binance emails and SMS messages, helping users distinguish official communications from phishing attempts.

Binance also allows users to customize certain 2FA verification requirements for sensitive actions such as login, withdrawals and account-setting changes, subject to account eligibility.

Security Recommendations for Vietnamese Users

For a Vietnam-based account, the recommended setup is:

• Complete KYC.

• Use a strong, unique password.

• Enable Google Authenticator or another strong 2FA method.

• Consider a hardware security key for higher-value accounts.

• Enable the anti-phishing code.

• Review account/device activity regularly.

• Use withdrawal-address controls where appropriate.

• Never share OTP, password or authentication codes.

• Never move a P2P transaction to Zalo, Telegram or another external channel.

• Confirm actual bank receipt before releasing crypto.

Binance operates internationally, but product availability is not identical in every country. Certain spot pairs, derivatives and payment products can have separate geographical restrictions.

Binance's 2026 announcements continue to state that product eligibility can depend on the user's country or region of residence.

Binance and Vietnam

Vietnam is an especially important market to understand because the country began a formal pilot for its crypto-asset market in September 2025.

Vietnam's Government Resolution 05/2025/NQ-CP took effect on September 9, 2025, establishing a five-year pilot framework covering crypto-asset issuance, trading-market organization and crypto-asset services.

This does not mean that every international exchange operating online is automatically a Vietnam-licensed crypto exchange.

Therefore, Vietnamese users should distinguish between:

For Vietnamese readers, this regulatory distinction is important when evaluating any international crypto exchange.

Step 1: Create an Account

Visit the official Binance website or download the official mobile application.

Register using your email address or phone number.

Step 2: Complete KYC

Prepare an accepted identity document and complete identity verification.

Binance states that new users must complete identity verification before accessing major products such as deposits, trading and withdrawals.

Step 3: Secure Your Account

Before depositing funds:

• Create a strong password.

• Enable 2FA.

• Set an anti-phishing code.

• Review device activity.

• Configure withdrawal security controls.

Step 4: Buy Crypto With VND

For many Vietnamese beginners, P2P is the most straightforward route:

Binance → P2P → Buy → VND → USDT

Choose a merchant, check the payment details and transfer the exact VND amount.

Step 5: Trade Crypto

Once USDT is available, users can move to Spot and select a pair such as BTC/USDT or ETH/USDT.

Step 6: Withdraw or Sell

Users can either:

• Send crypto to another wallet;

• Transfer crypto to another exchange;

• Sell through P2P and receive VND.

When selling through P2P, confirm that the money has actually arrived in the bank account before releasing the cryptocurrency.

1. Is Binance safe for Vietnamese users?

Binance provides multiple account-security tools, including 2FA and anti-phishing protection. However, exchange security does not eliminate market, counterparty, phishing or regulatory risks.

2. Is Binance legal in Vietnam?

Vietnam introduced a five-year pilot framework for the crypto-asset market from September 9, 2025. Users should distinguish between using an international platform and using a locally licensed service under Vietnam's domestic framework.

3. Does Binance support VND?

Yes. Binance has supported VND through its P2P marketplace since 2020.

4. Does Binance require KYC?

Yes. New users must complete identity verification to access major Binance products and services.

5. How much does Binance charge for Spot trading?

The current regular-user Spot rate is 0.10% maker and 0.10% taker, before applicable discounts or promotions.

6. Is Binance P2P free?

Binance states that P2P takers pay zero trading fees. However, the advertised merchant price can include a spread, so the final VND price should always be checked before confirming an order.

7. Can I buy Bitcoin with VND?

Yes. Vietnamese users can use supported VND payment routes, including Binance P2P, subject to current account and regional availability.

8. Can I use a Vietnamese bank card?

Card availability depends on the user's verified country, card issuer and Binance's current payment partners. Binance supports Visa and Mastercard in eligible markets and lists VND among supported fiat currencies for card purchases.

9. How long does a crypto withdrawal take?

It depends on the blockchain network and network conditions. Binance displays the applicable withdrawal details before confirmation.

10. What should I do if I cannot log in?

Use Binance's official account-recovery process and avoid links sent through unofficial Telegram, Facebook, Zalo or email messages. Never provide your password, OTP or 2FA code to another person.

Vietnamese users looking for alternatives can compare several international exchanges. The right choice depends on the products, fees, liquidity, payment methods and regional availability they need.

Vietnamese users should compare each platform's current VND support, KYC requirements, available products and local regulatory status rather than choosing solely on headline trading fees.

Binance remains a broad, full-service cryptocurrency platform for Vietnamese users in 2026, particularly for users who want access to VND P2P, Spot trading, derivatives, Earn products, trading tools and Web3 services in one ecosystem.

For beginners, the easiest starting point is generally to complete KYC, secure the account and learn the VND P2P process before moving to Spot trading. More experienced users can make use of advanced charts, Futures, trading bots, API services and Web3 tools.

The most important point for Vietnamese users is to separate platform accessibility from local regulatory authorization. Vietnam's crypto-asset market is now operating under a five-year pilot framework beginning September 9, 2025, so the regulatory status of exchanges and services should be checked periodically.

Overall, Binance is particularly relevant to Vietnamese users who value a combination of VND P2P access, broad cryptocurrency markets, multiple trading products and a mature mobile ecosystem, while users should remain aware of KYC, regional restrictions, market volatility, P2P counterparty risks and evolving Vietnamese regulations.

Key sources for the current Vietnam-specific facts and fee figures: Binance's current fee schedule lists the regular Spot rate at 0.10%/0.10%; Binance's Vietnam-facing materials document VND P2P; and Vietnam's Government Resolution 05/2025/NQ-CP established the five-year crypto-asset market pilot effective September 9, 2025.