Is Bybit available in Vietnam?
Bybit is reachable by Vietnamese residents, but it is not a licensed crypto asset service provider under Vietnam's new pilot regime. The lead regulator is the Ministry of Finance, working with the State Securities Commission and the State Bank of Vietnam. The framework requires domestic trading through licensed local providers, so treat Bybit as reachable but not locally supervised, and verify the current position before acting.
Information, not advice. This is general information, not legal, tax, or financial advice. Verify the current rules with a qualified local professional and the official regulator before acting.
How we checked this. We set this status by reading the platform's own terms of use and country eligibility, and the public register kept by the named regulator, then dated the result. Availability can change, so confirm directly with the platform and the regulator before acting. As of 26 June 2026.
As of June 2026, Bybit is reachable by residents of Vietnam, but it is not a licensed crypto asset service provider under Vietnam's new pilot framework. Holding and using crypto became legal under the Law on Digital Technology Industry, effective 1 January 2026, while Resolution Number 05 of 2025 set up a five year pilot in which the Ministry of Finance licenses domestic providers. Because the framework channels domestic trading through licensed local providers rather than offshore platforms, confirm the current position before acting.
Availability for Vietnamese residents
As of 2 June 2026, Bybit remains reachable by residents of Vietnam, which has long been an active market for offshore crypto platforms. Bybit is an international exchange and does not hold a Vietnamese licence under the new crypto pilot. The lead regulator is the Ministry of Finance (MOF), coordinating with the State Securities Commission (SSC), the State Bank of Vietnam (SBV), and the Ministry of Public Security (MPS).
Vietnam's framework changed in 2025 and 2026. The Law on Digital Technology Industry, effective 1 January 2026, legalises the ownership and use of crypto assets. Resolution Number 05 of 2025, in force from 9 September 2025, established a five year pilot licensing regime, and on 20 January 2026 the Ministry of Finance issued Decision Number 96 to launch the pilot licensing procedures. The pilot licenses a small number of Vietnamese incorporated companies, requires trading to be conducted in Vietnamese dong, and channels domestic trading through licensed local providers rather than offshore platforms.
Reporting in 2026 indicated that Bybit has engaged with the Ministry of Finance to support the pilot program. Even so, as of 2 June 2026 Bybit is not itself among the licensed domestic providers, so its standing in Vietnam should be treated as reachable but not locally supervised. The position is moving quickly as the pilot rolls out, so verify directly with the Ministry of Finance and the platform before acting.
Access, KYC, and products
Bybit is a custodial platform, which means it holds the assets in your account on your behalf rather than giving you the private keys. Identity verification (know your customer, or KYC) is required before trading, in line with anti money laundering obligations.
Because Bybit is not licensed under the Vietnamese pilot, there is no licensed local dong channel operated under that framework. Vietnamese users have typically obtained dong liquidity through peer to peer marketplaces, where they buy or sell from other users using local bank transfer. Bybit offers spot trading and higher risk products such as derivatives, which carry additional risk and may be restricted in some places. Note that the pilot requires licensed providers to operate exclusively in Vietnamese dong. For how any gains are taxed, see the Vietnam tax section below.
How crypto is taxed in Vietnam
Vietnam is developing the tax treatment of crypto alongside its new legal framework. The tax authority is the General Department of Taxation under the Ministry of Finance. Historically crypto gains sat in a grey area without a dedicated regime, and the authorities are working out how disposals and trading will be taxed under the pilot. The exact treatment depends on your personal situation and on rules that are still settling, so confirm the current position with the General Department of Taxation or a qualified adviser. See the Vietnam crypto tax page for a fuller explanation. This is general information, not tax advice (as of 2 June 2026).
Bybit is not licensed under Vietnam's crypto pilot, so we do not link it here. The licensed market is in its pilot phase with domestic providers being onboarded. These pages explain the current rules and how the licensed local exchanges are taking shape.
Regulator and sources
The lead regulator for crypto in Vietnam is the Ministry of Finance (MOF), coordinating with the State Securities Commission (SSC), the State Bank of Vietnam (SBV), and the Ministry of Public Security (MPS). The position below is stated as of 2 June 2026 and should be confirmed on the primary sources.
- Law on Digital Technology Industry, passed 14 June 2025 and effective 1 January 2026, recognising and legalising crypto assets.
- Resolution Number 05 of 2025, in force from 9 September 2025, establishing a five year pilot crypto asset market and licensing regime.
- Ministry of Finance Decision Number 96, issued 20 January 2026, launching the pilot licensing procedures.
- Reporting that Bybit engaged with the Ministry of Finance to support Vietnam's pilot crypto trading program in 2026.
Frequently asked questions
Is Bybit available in Vietnam?
As of 2 June 2026, Bybit is reachable by Vietnamese residents, but it is not a licensed crypto asset service provider under Vietnam's new pilot regime. The Ministry of Finance leads the framework, which requires domestic trading to run through licensed local providers rather than offshore platforms. Treat Bybit as reachable but not locally licensed and verify the current position before acting.
Is crypto legal in Vietnam?
Yes. The Law on Digital Technology Industry, effective 1 January 2026, formally recognises and legalises the ownership and use of crypto assets in Vietnam, ending years of legal ambiguity. A separate licensing regime governs who may operate an exchange (as of 2 June 2026).
Is Bybit part of Vietnam's crypto pilot?
Reporting in 2026 indicated Bybit has engaged with the Ministry of Finance to support Vietnam's pilot crypto trading program. However, the pilot licenses Vietnamese incorporated companies, and as of 2 June 2026 Bybit is not itself among the licensed domestic providers. Confirm the current position with the Ministry of Finance.
Can Vietnamese residents use Bybit legally?
Holding and using crypto is legal, but the pilot framework requires domestic trading through licensed local providers and does not authorise offshore platforms for that purpose. Bybit is not licensed under the pilot, so using it for domestic trading sits outside the new regime. Confirm the current rules with the Ministry of Finance or a qualified adviser.
How is crypto taxed in Vietnam?
Vietnam is developing the tax treatment of crypto alongside the new legal framework, administered by the General Department of Taxation under the Ministry of Finance. See the Vietnam crypto tax page. This is general information, not tax advice (as of 2 June 2026).
Rules change frequently. Vietnam's crypto framework is new and rolling out through a pilot, so exchange availability and licensing can change at short notice, and Bybit is not licensed under the pilot. The position on this page is dated 2 June 2026. Confirm the current status with the Ministry of Finance and the platform before you act.
Related pages
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