Best crypto-backed loans in Vietnam
Figure ranks highest in ChainChoice’s published crypto-backed loans ranking among the providers that list Vietnam. Highest crypto adoption rate per capita globally (Chainalysis Index). A five-year pilot crypto-asset market under Resolution 05/2025/NQ-CP (September 2025) admits only service providers the Ministry of Finance licenses.
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Reviewed means every product ranked on this page was read against its sources on or after that date; every ranked category is re-read at least every 45 days. Models research, extract and parse. A deterministic engine ranks. Every quote passes an adversarial refute pass.
Accountable for this review: Mathias Siemonsmeier, Founder.
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Which crypto-backed loan should Vietnam residents use in November 2026?
Figure ranks highest in ChainChoice’s published crypto-backed loans ranking among the providers that list Vietnam. The order is the published ranking itself; providers whose terms exclude Vietnam are removed. Check authorisation with MoF Vietnam before depositing.
- Vietnam residents holding capital in VND
- Users who need MoF Vietnam-aligned compliance and audit-grade reporting
- Buy-and-hold profiles benefiting from Vietnam's tax treatment
- Sophisticated retail and family-office treasurers
- Derivatives / perpetuals traders (use a regulated futures venue instead)
- Privacy-focused users avoiding KYC (these are licensed venues)
- Day-traders chasing the lowest spreads regardless of regulator posture
- Anyone needing a service MoF Vietnam does not currently authorise
General guidance for Vietnam: the ranking engine does not compute these notes and they do not change the order below. If none fits you, answer the Find My Best questions for a result for your profile.
3 crypto-backed loans listed for Vietnam
In ChainChoice’s published ranking order, from this category’s 5 providers: those whose terms exclude Vietnam are removed; naming Vietnam or a region that covers it counts the same, and those whose terms do not state it come last. Each chip names the basis: a dated check, a region listing, or the provider's own claim.
#1 for VietnamFigure#1 globallyProvider states broad availability Figure Markets' binding Terms of Service keep title to pledged crypto with the borrower and bar its sale, loan or hypothecation unless the borrower instructs it, in a per-loan wallet partition — but Figure's 2025 annual report on Form 10-K says the loan collateral "is in the Company’s control" and that the Company "has the ability to rehypothecate, stake, lend or otherwise use" it, and only that it "does not have a practice" of doing so; no Figure crypto-backed loan agreement is public, so the borrower's insolvency rank is unstated.
Lender of record and lending licence — 7/10Margin call and forced sale — 6/10#2 for VietnamLedn#2 globallyProvider states broad availability Ledn publishes its USD loan agreement, and the agreement says title to your bitcoin passes to Ledn, that Ledn may pledge it onward, that you rank as an unsecured creditor, and that you still owe the shortfall after a forced sale.
Computable cost before you apply — 7/10Collateral title and reuse — 5/10#3 for VietnamNexo#4 globallyProvider states broad availability Nexo's Credit Line is not a secured loan: the binding agreement transfers legal title of your bitcoin to Nexo on deposit, the borrower irrevocably waives any secured claim in Nexo's insolvency, and liquidation may happen without notice against a threshold Nexo publishes nowhere.
Computable cost before you apply — 3/10Lender of record and lending licence — 2/10
Commission: None of these providers pays ChainChoice anything for these links. Disclosure
Facts only in your country: local rules on promoting crypto-asset products are under review, so ChainChoice shows no sign-up links and earns no referral fees here.
Crypto products are high risk. Check the provider is authorised where you live before you deposit.
- Oracle failure: a wrong price or outcome liquidates or settles a position.Scored by Who sets the price that liquidates you, how long do you really get, and can they sell without telling you? · 26% (Figure 6/10, Ledn 4/10, Nexo 1/10)
- Insolvency failure: the firm or issuer that owes you cannot pay.Scored by If the lender fails, is it your bitcoin or theirs — and what may they do with it before then? · 34% (Figure 5/10, Ledn 5/10, Nexo 1/10)
- Regulatory failure: no licence where you are, or a forced market exit.Scored by Which entity actually becomes your creditor, and does a register say it may lend? · 18% (Figure 7/10, Ledn 5/10, Nexo 2/10)
Each cell is verified against the provider's filings or the MoF Vietnam register; a gap shows "—", never an estimate.
| Provider | Taker fee in Vietnam | KYC tier | VND rails | MoF Vietnam license |
|---|---|---|---|---|
| #1Figure | — | — | — | — |
| #2Ledn | — | — | — | — |
| #3Nexo | — | — | — | — |
Source: ChainChoice provider catalog cross-referenced with the MoF Vietnam register; each fee as of its entry's latest verification (accuracy methodology).
Is using a crypto-backed loan legal in Vietnam?
Yes. Crypto-backed loans are regulated in Vietnam by Ministry of Finance (MoF, licenses the pilot crypto-asset market). Always verify a platform's licensing status with MoF Vietnam before transacting.
How is crypto taxed in Vietnam?
Vietnam has no clear crypto tax regime as of 2026. A draft framework is pending. Treat all crypto activity as potentially taxable until clarified. Editorial summary, not tax advice: consult a qualified tax advisor in Vietnam before filing.
What payment methods work for buying crypto in Vietnam?
The most common rails for retail onramps in Vietnam are: Bank transfer, MoMo, ZaloPay, VNPay.
Are international platforms (Coinbase, Kraken, Binance) available in Vietnam?
Availability varies by platform and product. Vietnam has its own licensing regime under MoF Vietnam, and not every global platform is registered. The shortlist above removes platforms whose terms exclude Vietnam; the chip on each row says whether availability is verified, listed or unstated.