Introduction
In recent years, Bitcoin has emerged as a popular investment choice and store of value globally. With its decentralized nature and potential for substantial returns, many individuals in Vietnam are eager to acquire Bitcoin as part of their investment portfolio. One of the top choices for purchasing Bitcoin in Vietnam is through MEXC Exchange. In this guide, we’ll explore the reasons why people buy Bitcoin, the popularity of Bitcoin in Vietnam, the differences between buying crypto on various platforms, and a step-by-step guide for purchasing Bitcoin on MEXC.
Why do people buy Bitcoin?Bitcoin Popularity in Vietnam
Bitcoin’s popularity in Vietnam stems from several factors:
- Store of Value: With economic uncertainty prevalent in many parts of the world, including Vietnam, Bitcoin is seen as a hedge against inflation and a reliable store of value.
- Investment Potential: Bitcoin has a history of significant price appreciation, making it an attractive investment opportunity for individuals seeking high returns.
- Decentralization: Bitcoin operates on a decentralized network, offering users financial autonomy and freedom from centralized authorities.
Difference between buying crypto: CEX, DEX, and OTC
When it comes to purchasing cryptocurrencies like Bitcoin, individuals have several options:
- Centralized Exchanges (CEX): CEX platforms like MEXC provide a user-friendly interface for buying, selling, and trading cryptocurrencies. These exchanges typically require users to register an account, complete KYC verification, and deposit funds before trading.
- Decentralized Exchanges (DEX): DEX platforms facilitate peer-to-peer trading of cryptocurrencies without the need for an intermediary. Users retain control of their funds throughout the trading process, enhancing security and privacy.
- Over-the-Counter (OTC) Markets: OTC markets allow individuals to buy and sell large quantities of cryptocurrencies directly with each other, often at negotiated prices. OTC trading is popular among institutional investors and high-net-worth individuals seeking to execute large trades without impacting market prices.
How to Buy Bitcoin (BTC) on CEX: Guide for MEXCCreate an Account and Verify Your Account (KYC)
- Registration: Begin by registering an account on MEXC Exchange. Provide the required information and follow the prompts to create your account.
- KYC Verification: Complete the Know Your Customer (KYC) verification process by submitting identification documents as per the exchange’s requirements.
Deposit Funds into Your Account
- Navigate to Deposit: Once your account is verified, navigate to the deposit section on MEXC Exchange.
- Choose Deposit Method: Select your preferred deposit method, which can include bank transfer, credit/debit card, or cryptocurrency deposit.
Place a Buy Order for Bitcoin
- Select Trading Pair: Go to the trading section and select the BTC/VND trading pair to buy Bitcoin using Vietnamese Dong (VND).
- Place Buy Order: Enter the amount of Bitcoin you wish to purchase and place a buy order on the exchange.
Storing Your Bitcoin on CEX Wallets
Upon successful purchase, your Bitcoin will be credited to your MEXC account. Consider transferring your Bitcoin to a secure cryptocurrency wallet for added security.
Conclusion
MEXC Exchange offers individuals in Vietnam a convenient and secure platform for buying Bitcoin and other cryptocurrencies. By following the steps outlined in this guide, you can navigate the process of purchasing Bitcoin on MEXC with ease. Whether you’re a seasoned investor or a newcomer to the world of cryptocurrencies, MEXC provides a reliable option for acquiring Bitcoin in Vietnam.
