Can I use multiple exchanges at the same time?

Absolutely, and I encourage it. Diversifying across 2-3 exchanges reduces concentration risk. However, each exchange requires its own KYC and separate password/2FA management. Using more than 3 exchanges is not recommended as it becomes difficult to manage.

Is Coinbase a good choice for Vietnamese users?

Coinbase is not recommended for Vietnamese users. Coinbase focuses on the US market and requires a US address and Social Security Number for full KYC. Vietnamese users typically cannot pass Coinbase's KYC. Stick with Binance/OKX/Bybit.

Should I use Binance or a Vietnamese pilot exchange when it launches?

I recommend using both. Binance for diverse features (DeFi, futures, diverse alts) and the pilot exchange for spot Bitcoin/Ethereum with full legal compliance and direct VND deposit/withdrawal. Each exchange has its own role.

Can a major exchange collapse like FTX?

In theory, it's possible, but FTX was a special case involving fraud. After FTX, major exchanges have become more transparent with Proof of Reserves. Binance, OKX, and Bybit all now publicly disclose their reserves and have been audited. However, nothing is 100% safe — that's why diversification is important.

Is Binance's 0.1% fee high?

No, it's not high. Compared to traditional Vietnamese exchanges (stocks are usually 0.15-0.25%), 0.1% is competitive. It can be reduced to 0.075% by paying fees with BNB, and down to 0.02-0.05% if you reach VIP tier (high trading volume). For beginners, 0.1% is acceptable.

Binance, OKX, Bybit for Vietnamese Beginners in 2026…

Binance, OKX, Bybit for Vietnamese Beginners in 2026: Which Exchange to Choose & Why

Cập nhật: 8 tháng 5, 2026

Once you decide to buy crypto, the first question for most Vietnamese newcomers is: "Which exchange should I use?" Googling it will show dozens of different exchanges with flashy ads, each promising to be "the best." The issue is that most Vietnamese beginners actually only need to know about the three largest international exchanges: Binance, OKX, and Bybit. This article provides a detailed comparison of these three exchanges in terms of fees, features, suitability for Vietnamese users, and offers specific recommendations on which exchange to choose based on your personal situation.