TCEX to Support Direct VND Trading for Mainstream Assets like BTC
TCEX (Techcom Crypto Exchange) will support direct trading of mainstream crypto assets such as BTC using Vietnamese Dong (VND), making it one of the most prominent highlights of this local compliant pilot exchange in Vietnam.
I. Core Advantages of Direct VND Trading
Eliminating the Intermediate USDT Step
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Traditional Method: VND $\rightarrow$ P2P purchase of USDT $\rightarrow$ Crypto-to-crypto trading to buy BTC. This approach involves cumbersome steps and subjects investors to risks such as frozen bank accounts in P2P transactions, merchant premiums, and multiple transaction fees.
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TCEX Model: VND $\rightarrow$ Direct BTC purchase. By directly integrating with the local banking system, it achieves a seamless one-step conversion from fiat to crypto assets.
Minimal Slippage & Ultra-Fast Settlement
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Exchange Rate Loss Elimination: Removes slippage and exchange rate spread costs associated with converting VND into stablecoins (USDT/USDC).
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24/7 Local Fiat On/Off-Ramp: Integrated with the Techcombank ecosystem and local Vietnamese bank APIs, supporting fast 24/7 VND deposits and withdrawals.
Compliance & Legal Safeguards
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Under the pilot regulatory framework (such as Resolution 05/2025/NQ-CP), fiat transactions and capital flows in VND are transparent, with trading records adhering to national Anti-Money Laundering (AML) and tax withholding compliance requirements.
II. VND Trading Pairs Planned by TCEX
In addition to the BTC/VND trading pair, the initial and upcoming mainstream asset trading pairs officially announced by TCEX include:
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Mainstream Cryptocurrencies: BTC/VND, ETH/VND, SOL/VND, BNB/VND, XRP/VND, ADA/VND, DOGE/VND, etc.
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Stablecoins: USDT/VND (convenient for investors with cross-chain or international exchange transfer needs).
III. Key Takeaways for Investors
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Initial Liquidity: Order book depth and liquidity for local fiat pairs during the early launch phase may rely on Market Makers. Investors should pay attention to the spread between Limit Orders and Market Orders when trading.
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Zero Trading Fee Promotion: Vietnam crypto exchange TCEX offers a promotional policy of zero trading fees (0% Maker / 0% Taker) during its first year of operation, making it ideal for frequent traders or investors entering with large capital.
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Real-Name Verification & Bank Account Linking: Direct VND trading strictly requires users to complete eKYC (real-name verification), and the name on the linked local Vietnamese bank card must perfectly match the verified identity.