How to Pay in Vietnam Using Bybit Pay
- Максии Ши
- Dec 19, 2025
- 3 min read
Paying in Vietnam has historically been a challenge for tourists and expats due to blocked international cards and the hassle of cash exchange. Enter Bybit Pay—a revolutionary solution launched in 2025 that allows you to pay local merchants directly using cryptocurrency.
This guide explains exactly how to use Bybit Pay to spend USDT/USDC in Vietnam, bypassing the need for a local bank account while securing competitive exchange rates.
What is Bybit Pay and How Does It Work?
Bybit Pay is a crypto payment service integrated into the Bybit exchange app. In Vietnam, it partners with the national VietQR system, enabling seamless conversion from crypto to Vietnamese Dong (VND) at the point of sale.
The Mechanism:
You pay: USDT or USDC from your Bybit Funding Account.
Merchant receives: VND directly into their bank account via VietQR.
Process: Instant conversion happens in the background.
Why it’s a Game Changer:
No Local Bank Needed: You do not need a Vietnamese bank account (unlike local apps like MoMo or ZaloPay).
Massive Acceptance: Works anywhere you see a VietQR code —f rom street vendors to major supermarkets like Lotte Mart and Circle K.
Legal & Safe: Operates within Vietnam’s regulatory framework for digital asset service providers.
Step-by-Step Guide: Setting Up Bybit Pay
Follow these concise steps to start paying in minutes.
1. Register & Verify
Download: Get the Bybit app (iOS/Android).
Sign Up: Use your email or phone number.
KYC Verification: Mandatory for payments. Upload your passport and complete the face scan. Approval typically takes 15 minutes to 1 hour.
2. Fund Your Account
Deposit: Buy USDT via P2P trading or credit card within the app.
Transfer: Move funds to your Funding Account. Bybit Pay only deducts from this wallet, not your trading account.
3. Activate Bybit Pay
How to Make a Payment in Vietnam
Open Bybit App: Tap the "QR Scanner" icon (top right) or go to Bybit Pay.
Scan VietQR: Aim your camera at the merchant’s VietQR code.
Input Amount: If the code isn't dynamic, enter the VND amount manually.
Review: The screen displays the exact USDT amount to be deducted based on the real-time exchange rate.
Confirm: Authenticate with your bio-metrics or PIN.
Done: The merchant receives a notification instantly.
Pro Tip: Always ask "Is this VietQR?" before scanning. Bybit Pay works specifically with the VietQR network, not private wallet QR codes.
Fees, Rates & Supported Currencies
Cost Analysis:
Transaction Fee: 0% (Bybit charges no processing fee for the payment itself).
Conversion Rate: The implicit fee lies in the USDT/VND exchange rate spread. Expect a markup of approximately 1.1% compared to the raw market rate.
Example: Paying 1,000,000 VND costs ~38.4 USDT via Bybit Pay, vs. ~38.0 USDT at a street exchanger.
Comparison: Cheaper than most ATM withdrawals (3-5% fees + bad rates) and safer than carrying bulk cash.
Supported Assets: While Bybit supports 16+ tokens, USDT (Tether) and USDC (USD Coin) are recommended for stability and the best conversion spreads.
Safety & Security
Fund Safety: Bybit uses cold storage and multi-signature wallets to secure user funds.
Transaction Limits: Standard limits are set to roughly $20,000 daily and $50,000 monthly, protecting you from massive unauthorized drains.
Scam Prevention: Always verify the merchant's name on your screen before confirming payment.
Verdict: Should You Use It?
YES, if you are:
A tourist or digital nomad in Vietnam.
Earning in crypto and want to spend directly.
Tired of blocked credit cards or high ATM fees.
NO, if you are:
Staying long-term with a valid Vietnamese work visa (opening a local bank account might offer slightly better pure exchange rates).
Bybit Pay effectively bridges the gap between Web3 and real-world utility, making it the premier choice for modern travelers in Vietnam.
Disclaimer: Cryptocurrency services are subject to regulatory changes. Always check the latest local laws before traveling.
