Ethereum (ETH) remains one of the most popular cryptocurrencies worldwide, serving as a cornerstone for decentralized applications, smart contracts, and the broader Web3 ecosystem. If you're wondering where to buy ETH safely and efficiently—especially if you're based in Vietnam or using Vietnamese Dong (VND)—this comprehensive guide will walk you through trusted platforms, step-by-step purchasing methods, and essential security tips.
Whether you're a beginner or an experienced investor, understanding how to securely acquire ETH is crucial. We’ll explore reliable exchanges, peer-to-peer options, wallet setup, and best practices for smooth transactions—all while focusing on user safety and ease of use.
Where to Buy Ethereum Safely?
In Vietnam, buying and selling Ethereum has become increasingly accessible thanks to two primary methods:
Through Cryptocurrency Exchanges
Using a regulated and reputable crypto exchange is the safest and most straightforward way to purchase ETH. Among local platforms, Remitano stands out as a top choice for Vietnamese users due to its user-friendly interface and strong community trust.
👉 Discover how to start your Ethereum investment journey today.
While several exchanges operate in the region, Remitano offers three key advantages:
- Localized support: Full Vietnamese language interface and customer service.
- VND banking integration: Direct deposits and withdrawals via major banks like Vietcombank.
- Peer-to-peer (P2P) marketplace: Enables direct trading between buyers and sellers with escrow protection.
However, it’s important to note that Remitano charges a relatively high transaction fee—1% per trade—applied to both buying and selling ETH.
For example:
If you buy 10 ETH at 150 million VND, your transaction fee would be 1% of that amount: 1.5 million VND. This fee structure applies equally when selling ETH on the platform.
Despite the cost, the convenience and security often outweigh the fees for new investors.
Through Trusted Intermediaries (Peer-to-Peer)
Another method involves using a trusted third party—often an admin or moderator from a well-known crypto group or forum—to facilitate the transaction between buyer and seller.
Here’s how it works:
- A seller posts an offer in a cryptocurrency trading group.
- You negotiate the price directly with them.
- Once agreed, you send VND to a pre-approved intermediary.
- The seller sends ETH to your wallet.
- Only after confirming receipt of ETH does the intermediary release funds to the seller.
This method may offer slightly better rates than exchange listings but comes with significant risks:
- Impersonation scams: Fake accounts pretending to be trusted moderators are common.
- No dispute resolution: Unlike formal exchanges, there's no built-in escrow or support system.
- Higher vulnerability for beginners: New users are more likely to fall victim to fraud.
Due to these risks, we strongly recommend avoiding this method unless you have prior experience and verified contacts.
Step-by-Step Guide: How to Buy Ethereum on Remitano
Before starting, ensure you have:
- A Vietcombank account with Internet Banking enabled.
- A valid phone number for SMS verification.
- A secure email address.
Let’s go through the process step by step.
Step 1: Create an Ethereum Wallet Address
To store ETH securely, you need a digital wallet. Two of the most widely used options are:
- MetaMask: Browser extension and mobile app; ideal for interacting with dApps.
- Trust Wallet: Mobile-only; supports multiple blockchains and integrates well with decentralized exchanges.
⚠️ Security Note: While convenient, hot wallets (connected to the internet) are more vulnerable to hacking. For long-term storage, consider transferring large holdings to a hardware wallet like Ledger or Trezor.
Never share your private keys or recovery phrases with anyone.
Step 2: Register a Remitano Account
Visit the official Remitano website and sign up using your email or social media account.
After registration:
- Complete KYC (Know Your Customer) verification by uploading ID documents.
- Enable two-factor authentication (2FA) for added security.
- Link your Vietcombank account for seamless deposits and withdrawals.
Once verified, you’re ready to begin trading.
👉 Learn how to protect your digital assets with secure trading practices.
Step 3: Deposit VND and Buy ETH
1. Deposit Vietnamese Dong (VND)
- Log in to your Remitano account.
- Navigate to Wallet > VND Wallet.
- Click Deposit and enter the amount you wish to add.
Remitano will generate a unique bank transfer instruction:
- Specific recipient account
- Exact amount
- Required payment reference code
It’s critical that you follow these details exactly. Even minor discrepancies can delay processing.
After transferring funds from your Vietcombank app or online banking portal, wait 5–10 minutes. Once confirmed, your VND balance will appear in your Remitano wallet.
2. Purchase ETH via P2P Marketplace
- Go to the Ethereum trading page.
- Scroll down to view active sellers.
Look for sellers marked as:
- Fast Seller
- Using Vietcombank
- High trade volume and positive feedback
Click Buy next to your chosen offer.
Enter:
- Amount of ETH you want to buy
- Your Ethereum wallet address (double-check for accuracy!)
- Confirm the transaction by clicking Buy ETH.
Remitano holds the seller’s ETH in escrow until you confirm payment. After sending VND to the seller’s provided bank account (using the same reference code), mark the payment as completed in the app.
Once the seller confirms receipt, ETH is released to your wallet instantly.
Frequently Asked Questions (FAQ)
Q: Is it legal to buy Ethereum in Vietnam?
A: Yes. While the State Bank of Vietnam prohibits using cryptocurrencies as payment, owning and trading digital assets like ETH is not illegal. Always comply with tax regulations if applicable.
Q: How long does it take to receive ETH after purchase?
A: Typically within minutes after payment confirmation. Network congestion may cause slight delays during peak times.
Q: Can I use banks other than Vietcombank?
A: Yes, but Vietcombank is preferred due to faster processing and fewer failed transactions on Remitano.
Q: What should I do if I send ETH to the wrong wallet address?
A: Unfortunately, blockchain transactions are irreversible. Always verify addresses carefully before confirming any transfer.
Q: Are there alternatives to Remitano in Vietnam?
A: Other platforms include Binance P2P and Bit2Me, but Remitano remains the most localized and widely adopted option for VND users.
Q: Should I keep my ETH on Remitano or transfer it to a personal wallet?
A: For security reasons, always transfer your ETH to a private wallet you control—especially for larger amounts.
Final Thoughts
Buying Ethereum in Vietnam has never been easier, especially with platforms like Remitano streamlining the process for local users. By following this guide, you now know how to:
- Choose a secure method to buy ETH
- Set up a compatible wallet
- Complete a successful P2P transaction
- Avoid common pitfalls and scams
Always prioritize security over convenience. Use strong passwords, enable 2FA, and never share sensitive information online.
👉 Start exploring the future of finance with Ethereum—secure your first ETH today.
Whether you're investing for growth, participating in DeFi, or collecting NFTs, owning ETH opens doors to a decentralized world. Stay informed, stay cautious, and happy investing!