How to Deposit and Withdraw VND on Binance

Jan 17, 2024

Deposit VND Using Binance Mobile App

1.Download the Binance app for iOS or Android.

2. Log into your Binance account and select ‘Wallet (Ví)’, then choose ‘Deposit (Nạp)’.

3. Enter your desired VND deposit amount and click Continue (Tiếp tục).

4. Copy your VND reference number (Tham khảo số) (example: ABC1234) to put in the content of the transaction on your personal bank account by tapping on the ‘copy’ icon.

5. Open your Vietcombank mobile app or internet banking and choose ‘Fast transfer 24/7 (Chuyển tiền nhanh 24/7 qua tài khoản)’.

Note: You MUST put the correct reference number (Tham khảo số) in the transaction (Nội dung) text box when proceeding with the transaction on your bank app.

(Example below is shown with the Vietcombank Mobile App)

Deposit VND via Vietcombank

Note: This channel only supports deposits from Vietcombank users.

1. Log into your Binance account, proceed to ‘Wallet (Fiat and Spot)’ Select ‘Deposit’ Under ‘Fiat’, choose ‘VND’ from the currency list.

Alternatively, you may bookmark this link for quicker access:
https://www.binance.com/vn/my/wallet/account/main/deposit/fiat/VND

Note: You will need to have a verified Binance account to proceed with the following steps

2. Enter your desired deposit amount (min. 100,000 VND) and click ‘Continue’.

How to Deposit and Withdraw VND on Binance

Ensure that you are using your own Vietcombank account and remember to include your ‘Reference Code’ in your deposit description.
3. Your reference code will be shown on the following page once you click ‘Confirm’.

4. Perform the bank transfer from your personal Vietcombank account.
Important: Your ‘Reference Code’ is required to complete the bank transfer, please ensure that it is entered correctly for the transfer to be successful.

5. Once your bank transfer has been made, your deposit will be reflected in your ‘BVND balance’ which can be found in your ‘Fiat and Spot’ wallet.
Note: Vietnamese Dong (VND) deposits are automatically stored as BVND in a 1:1 ratio (i.e: 1 VND = 1 BVND)

Withdraw VND on Binance

VND withdrawals are only available to users who verify their account as a Vietnam resident. Check out our guide here for more information.
1.Hover over the ‘Wallet (Lệnh)’ tab on the homepage header. Select ‘Fiat and Spot (Fiat và Spot)’.

2. Next to your VND balance, select ‘Withdraw (Rút tiền)’ in the cash balance section.

3. Enter the amount of VND you wish to withdraw (minimum of 250,000 VND) and click ‘Continue (Tiếp tục)’.

4. Check that your details are correct, then click ‘Confirm (Xác nhận)’.

5. Complete the security verification via your pre-configured 2FA methods.

6. Funds will be processed into your bank account within 1-3 business days.

Note: Withdrawals are instant with ‘Fast transfer 24/7’ on Vietcombank.

To view your withdrawal request, click ‘View History (Xem lịch sử)’ after submitting your request.

If you have any questions or are having issues withdrawing your funds, please contact customer service.

Verify Binance Account to start depositing VND

To start depositing VND via your personal Vietcombank account directly into your Binance account, you must first complete Tier 1 KYC. Both Vietnamese and Vietnamese residents with valid visas are eligible to complete Tier 1 KYC.

Note: If you are an existing Vietnamese user on Binance, you may be prompted to update your details if they are outdated or incomplete.

The KYC tiers and their respective verification requirements and limits are outlined below:

KYC Tier	Requirements	VND deposit limit	VND withdrawal limit
Tier 1	Full name Date of birth, National ID number, Residential Address	30,000,000 VND / day	N/A
Tier 2	Document and biometric verification	300,000,000 VND / day	300,000,000 VND / day
Tier 3	Source of funds verification	1,000,000,000 VND / day	1,000,000,000 VND / day

To complete Tier 1 KYC, please follow the steps below.
1. Hover over the account icon in the top right of the menu and click ‘Identification (Xác minh)’.

2. Click on ‘Verify (Xác thực)’ to begin the verification process.

3. Ensure that ‘Vietnam (Việt Nam)’ is selected from the drop-down list, then click ‘Start (Bắt đầu)’.

4. Enter your ‘National ID’ and the other requested details such as your full name, date of birth and residential address.

5. Please read and agree to the disclaimer once you have entered your details, then click ‘Continue (Tiếp tục)’.
Note: Before continuing, please ensure that you have entered the details exactly as they appear on your documents.

6. Your details will be verified within a few seconds. Once your account is successfully verified, you will be able to deposit up to 300,000,000 VND per day using your personal Vietcombank account.
Note: To unlock withdrawals and increase deposit limits for your account, please complete Tier 2 KYC via the ‘Basic Info’ page from Step 2 of this guide after completing Tier 1 KYC.