Cryptocurrencies are gaining widespread recognition, even being approved by U.S. banks recently. Investing in or owning Bitcoin has become a trend as its price surges alongside other altcoins like Ethereum, Litecoin, and Ripple. One of the easiest ways to buy Bitcoin today is through Momo, bank accounts, PayPal, credit cards, or QR codes.
In this guide, we'll cover:
- How to buy Bitcoin using Momo, PayPal, Visa/MasterCard, or QR codes
- Bitcoin transaction fees, including deposit/withdrawal and trading fees
- Trusted Bitcoin exchanges with competitive fees
Whether you're a seasoned investor or a beginner, this guide provides a comprehensive overview of investing in Bitcoin—the hottest asset on the planet.
1. Popular Ways to Buy Bitcoin in Vietnam
Bitcoin is considered digital gold and a valuable investment, especially during 2020–2021 and 2023–2024. Investors typically use two methods:
| Method | Buy & Hold | Margin Trading |
|---|---|---|
| Timeframe | Long-term (months/years) | Short-term (seconds/minutes/days) |
| Leverage | None | Up to 1:10 |
| Capital | High | Low |
| Profit Scenario | BTC price rises | BTC price rises/falls |
| Frequency | Low | High |
| Fees | Wallet security, trading, spread fees | Spread, overnight fees (if applicable) |
▇ Buy & Hold Bitcoin
- Pros: Ownership, no daily price tracking needed.
- Cons: Profits only if BTC rises; high capital requirement.
👉 Best for investors with large capital who prefer long-term holds
▇ Margin Trading Bitcoin
- Pros: Low capital, profit from price drops, 24/5 trading.
- Cons: No ownership, requires market monitoring.
👉 Ideal for active traders with small capital
2. Comparing Payment Methods: Momo, PayPal, Credit Cards
| Method | Ease of Use | Speed | Fees |
|---|---|---|---|
| Visa Credit/Debit | Easy (ID verification) | Fast | 2–7.5% |
| Domestic Cards | Requires verification | Fast | Low |
| PayPal | Easy | Fast | High |
| Momo | Easy | Fast | 0–0.65% |
● Momo Wallet
- Pros: Popular, user-friendly.
- Cons: Daily limit (~20M VND).
● Visa/MasterCard
- Pros: Fast, widely accepted.
- Cons: High fees (~2–7.5%), ID verification delay.
● Domestic Cards
- Pros: Low fees, fast.
- Cons: Legal risks in Vietnam (no regulatory framework).
● PayPal
- Pros: Secure, fast.
- Cons: High fees, limited platform support.
3. How to Buy Bitcoin with Momo
Step-by-Step Guide:
- Log in to your exchange account (e.g., Mitrade).
- Select Deposit → Momo Wallet.
- Enter the amount (minimum ~1.1M VND).
- Scan the QR code via Momo app.
- Start trading Bitcoin and 400+ other markets.
👉 Trade Bitcoin instantly with Momo
4. How to Buy Bitcoin with Domestic Cards (e.g., Vietcombank)
- Navigate to Deposit → Domestic ATM Card.
- Select your bank (e.g., Vietcombank, BIDV).
- Enter card details and confirm.
Note: Ensure the card name matches your verified ID.
5. How to Buy Bitcoin with PayPal
Supported Exchanges:
- Coinbase: Fees ~3.99%.
- eToro: Spread fees 0.75–4.5%.
- Paxful: No fees for buyers.
Steps (Coinbase):
- Link PayPal to Coinbase.
- Confirm identity via OTP.
- Complete purchase (max $25K/day).
Limitation: High fees (2.5%); instant transfers only for U.S. users.
6. How to Buy Bitcoin with Credit Cards
Top Exchanges:
| Exchange | Fees | Supported Coins |
|---|---|---|
| Bitmoon | 0.1–0.25% | BTC, ETH, XRP |
| Huobi | 0.1–0.7% | BTC, ETH, USDT |
| Coinmama | Varies | BTC, ETH, LTC |
Steps (Huobi):
- Enter BTC amount → Select Visa.
- Verify via Simplex (ID + OTP).
- Confirm payment (20–30 min processing).
7. FAQs
❓ Is buying Bitcoin with a credit card safe?
Yes, but fees are higher than other methods.
❓ Can I use a stolen credit card?
No—exchanges verify ID and cardholder name.
❓ Why is ID verification required?
To prevent fraud and comply with security standards.
❓ Can I trade on multiple exchanges?
Yes! Diversify platforms for flexibility.
8. Conclusion
Buying Bitcoin is simple with credit cards, PayPal, or domestic options. Always prioritize security and exchange reputation before trading.
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Disclaimer: Trading involves risks and may not be suitable for all investors.
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