Ethereum (ETH) is one of the most dynamic and fast-growing cryptocurrencies in the digital asset space. Launched in mid-2015, its rise has been nothing short of remarkable—surpassing even Bitcoin in certain aspects of technological innovation and market adoption. To put this into perspective: if you had invested just $8.40 (around 180,000 VND) in ETH at the beginning of 2017, that investment could now be worth over 5.5 million VND.
While Ethereum is still relatively young compared to traditional financial assets, its future potential remains strong. Many experts believe that ETH’s utility as the backbone of decentralized applications (dApps), smart contracts, and blockchain innovation positions it for significant long-term growth. That means now could be an excellent time to start investing—if you know how.
But where do you begin? How do you safely buy and sell ETH in Vietnam using your local bank account? And how can you avoid scams while ensuring fast, secure transactions?
This guide will walk you through the complete process of buying and selling Ethereum on BuysellETH using a Vietnamese bank account, specifically focusing on Vietcombank for seamless transfers. Whether you're new to crypto or looking for a simpler alternative to peer-to-peer exchanges, this step-by-step tutorial makes it easy to get started.
Why Choose BuysellETH?
BuysellETH is a trusted platform among Vietnamese investors for quickly converting Vietnamese Dong (VND) into Ethereum and vice versa. Unlike more complex methods involving Bitcoin intermediaries or international exchanges, BuysellETH allows direct fiat-to-crypto transactions through local bank transfers.
Key advantages:
- Fast processing: Transactions typically complete within 15 seconds when using Vietcombank.
- User-friendly interface with clear instructions.
- Direct support for VND deposits and withdrawals.
- High liquidity for both buying and selling ETH.
👉 Get started with a secure crypto exchange today.
Prerequisites Before You Begin
Before making your first transaction on BuysellETH, ensure you meet the following requirements:
1. An Ethereum Wallet
You need a secure wallet to store your ETH. Without one, you won’t have a destination address to receive purchased coins.
Recommended wallets:
- MyEtherWallet (MEW) – A non-custodial web-based wallet offering full control over private keys.
- Coinbase Wallet – A user-friendly option with strong security features and mobile app support.
Never share your private key with anyone, and always double-check addresses before sending funds.
2. A Vietcombank Account with Internet Banking
BuysellETH primarily supports bank transfers via Vietcombank. For fastest processing:
- Use intra-bank transfers (within Vietcombank) for near-instant confirmation (~15 seconds).
- Inter-bank transfers are possible but may take hours or even days.
- When selling ETH, funds are only disbursed to Vietcombank accounts.
If you don’t have a Vietcombank account yet, consider opening one—it’s essential for smooth trading on local crypto platforms.
Step-by-Step Guide: How to Buy ETH on BuysellETH
Step 1: Create an Account
Visit BuysellETH.com and click “Login / Register” to sign up. While guest trading is allowed, registering gives you access to:
- Transaction history
- Order tracking
- Customer support via chat
Registration takes less than a minute and enhances security and convenience.
Step 2: Navigate to “Buy ETH”
Once logged in:
- Go to “Buy/Sell ETH”.
- Select the “Buy Now” tab.
Enter:
- Amount of ETH you wish to purchase (must not exceed available stock listed as “We Have”).
- Your Ethereum wallet address (copied from MyEtherWallet, Coinbase, or another wallet).
⚠️ Critical: Double-check your wallet address. Incorrect entries result in irreversible loss of funds.
- Click “Continue”.
Step 3: Complete Bank Transfer
Follow the payment instructions provided by BuysellETH:
- Copy the account number, exact amount, and payment description.
- Log in to your Vietcombank Internet Banking portal.
- Initiate a transfer with all details entered exactly as shown.
📌 Important: The system automatically verifies payments based on the transaction description. Any mismatch—including typos—will delay or cancel your order.
Step 4: Wait for Confirmation
After transferring:
- Status will show “Awaiting Payment”.
- Processing time averages 15 seconds for intra-bank transfers.
- Once confirmed, status changes to “Completed”, and ETH is sent to your wallet.
If delays occur (e.g., due to bank system lags), use the live chat feature to contact support.
👉 Secure your crypto investments with advanced trading tools.
How to Sell ETH on BuysellETH
Selling works similarly but in reverse—you send ETH first and receive VND in return.
Step 1: Start a Sell Order
- Go to “Buy/Sell ETH” → “Sell Now”.
Enter:
- Amount of ETH to sell (must be ≤ “We Have” balance).
- Your Vietcombank account number (funds will be deposited here).
- Confirm the displayed VND amount you’ll receive.
- Click “Continue”.
Step 2: Send ETH to BuysellETH Address
- Open your Ethereum wallet.
- Send the specified amount of ETH to the address provided by BuysellETH.
- Wait for blockchain confirmation (usually takes a few minutes).
Once received:
- You’ll get VND credited to your Vietcombank account within minutes.
- Status updates reflect real-time progress.
💡 Pro Tip: If you accidentally close the page, retrieve your order via “My Profile” → “My Orders” and select the transaction ID.
Frequently Asked Questions (FAQ)
Q1: Is BuysellETH safe?
Yes, BuysellETH has built trust among Vietnamese users through consistent operations and fast settlements. However, always verify URLs to avoid phishing sites and never reuse passwords.
Q2: Can I use banks other than Vietcombank?
You can initiate transfers from other banks, but processing times are significantly longer (up to 1–2 days). For optimal speed, use Vietcombank.
Q3: What happens if I enter the wrong payment description?
The system relies on exact matching of payment notes. An incorrect or missing description may cause failed verification. Contact support immediately if this occurs.
Q4: Are there fees for buying or selling ETH?
BuysellETH includes fees in the displayed price. Always review the final rate before confirming—compare it with market averages to ensure fairness.
Q5: How do I recover a lost order?
Log into your account, go to “My Orders”, and locate your transaction by date or amount. You can resume incomplete orders from there.
Q6: Can I trade 24/7?
Yes, BuysellETH operates around the clock. However, during peak banking hours or system maintenance, slight delays may occur.
Final Tips for Safe Crypto Trading
- Always use strong, unique passwords and enable two-factor authentication (2FA) where available.
- Regularly back up your wallet’s recovery phrase offline.
- Avoid public Wi-Fi when handling crypto transactions.
- Monitor market trends before buying or selling—timing can impact returns.
Whether you're entering the world of decentralized finance or diversifying your investment portfolio, knowing how to efficiently buy and sell Ethereum using local banking infrastructure gives you a crucial edge.
👉 Start trading smart with real-time market data and low fees.
By following this guide, you now have everything needed to confidently engage in Ethereum trading on BuysellETH—safely, quickly, and without unnecessary complexity.