Dec 12, · Vietnamese man arrested for hammering ATM due to wrong cash dispensation have words, post on ute-strohner.de at December 12, This is cached page on VietNam Breaking News. If you want remove this page, please contact us. There are four Bitcoin ATMs in the country, all located in Ho Chi Minh City. There are also plenty of online resources where Bitcoin fans can interact and share ideas. These include a number of Facebook groups, and forums like the Vietnam branch of Bitcointalk. According to Coin ATM Radar (a handy tool you can use to find the machines in your area), there are currently four Bitcoin ATMs in Vietnam, all of them located in Ho Chi Minh City. Normally, Bitcoin ATMs allow users to purchase a limited amount of BTC without identity verification.
Atm bitcoin in vietnamBitcoin ATMs Flourishing in Vietnam
There are numerous ways in which money from abroad can be remitted to a country, with the biggest names including Western Union and Moneygram. Why is bitcoin preferred as a way of remitting money from abroad in Vietnam? She commented:. Bitcoins provide an easier option where one needs only a wallet in a computer or a smartphone to securely and easily withdraw money from the bitcoin ATM or local bitcoin trader. Show comments 0 comments. Jan 06, at News.
Jan 05, at News. LocalBitcoins is an escrow service which also helps to match bitcoin buyers and sellers. Users may advertise trades for whichever payment method they prefer. Buying bitcoins via an in-person meeting, secured and facilitated by LocalBitcoins, may be one of the fastest and most private ways to buy bitcoins in any country, including the United States , Europe besides Germany , UK , Singapore, Canada , Australia and many more. We may receive compensation when you use LocalBitcoins.
Please visit LocalBitcoins for its exact pricing terms. Bitcoin Vietnam is the largest Bitcoin exchange in Vietnam. It's an easy and convenient way to buy bitcoin within the country. Bitcoin Vietnam's partnership with other global exchanges ensures deep liquidity. It's geared towards traders and offers algorithmic trading, limit and market orders, and trade reporting.
You can use our Bitcoin ATM map to buy bitcoins with cash. Bitcoin ATMs can be a quick and easy way to buy bitcoins and they're also private. Vietnam is one of the fastest growing economies in the world, with a burgeoning upper and middle class.
It's capital city, Ho Chi Minh otherwise known as 'Saigon' , is also home to a growing world tech hub and an innovative financial payments scene. While the country is still considered socialist in name, it is very much so a mixed economy, reminiscent of the late 80's and early 90's China. As for Bitcoin, Vietnam has no trading, holding, or spending regulations of any kind, making its a very free place to develop and build services around Bitcoin specifically, as the country has outlawed raising any money via ICOs.
One of the easiest ways to buy Bitcoin in Vietnam is through cryptocurrency exchanges. There are several exchanges offering Bitcoin in Vietnam, and you can easily select one based on your requirements and preferences using our guide.
Different exchanges have different transaction fees, withdrawal limits, payment modes, and verification processes that need to be kept in mind before users select one.
Additionally, Bitcoin buyers need to keep in mind the fact that certain exchanges might require them to get a wallet of their own before they are able to buy the digital currency.
Also, it is recommended to have a wallet of your own for security reasons, preferably a hardware wallet. These ATMs allow users to instantly purchase and sell cryptocurrency using cash, however most of them require at least a phone number, so they aren't totally private. The Ledger Nano X is the newest crypto hardware wallet, and is very easy to use. Atomic wallet is a multicurrency mobile wallet with a beautiful interface and easy to use features.
Electrum is a Bitcoin-only wallet that has been around since It's easy to use, but has advanced features. The investment came in the form of a couple of different cryptocurrenicies named iFan and Pincoin.
To make the coins sound more prestigious, the investors were told these projects came from Singapore and India. As with any guaranteed return, it was all made up of course. Within only 4 months of introducing iFan, trading collapsed meaning that any value the coins were worth didn't matter because there was no way to sell them. In August of , another Ponzi was exposed when the founders seemed to have run off with the money. The company claimed to be a cloud mining company registered with the Vietnamese government.
Investors could give Sky Mining money to buy hashing power and earn returns in the form of mined Bitcoins. Le Minh Tam posted a messaged on the company's website apologizing to investors for their loss due to an unpreditable Bitcoin price that had undermined returns.
He instructed investors to come to their office to get a refund along with their mining machines. When groups showed up, the office was empty. However, not long after, a video was posted to Facebook from director Hieu claiming he had also gone to the US for health reasons and that many agencies had already gotten their refunds and mining equipment back, and he would make sure everyone else did as soon as he returned to Vietnam. Obviously, no one got their refund or mining equipment since it is almost certain that Hieu and Tam were in on the scam together and had skipped the country with the money.
The hack was announced via the exchange's telegram channel. The exchange was primarily a platform for projects to crowdfund via ICOs. After the hack, VinDAX contacted many of the projects and asked them if they could front the exchange the necessary coins to cover the thefts in the form of a loan.