BitcoinVN
BitcoinVN is Vietnam's longest-running non-custodial cryptocurrency exchange, founded in 2013, offering instant swaps across 103+ assets on 40+ blockchains to retail users, OTC clients, and third-party aggregator platforms via API.
- Company typePrivate
- Founded2013
- HeadquartersHo Chi Minh City, Vietnam
- Headcount11–50
- GTM typeB2B and B2C
- OfferingSoftware
What BitcoinVN does
BitcoinVN is a Vietnamese-German founded, privately held cryptocurrency exchange operator headquartered in Ho Chi Minh City, founded in 2013 and operating continuously since 2014, making it the longest-running Bitcoin exchange in Vietnam and one of the oldest in Southeast Asia. The company's core product is a non-custodial instant crypto exchange at bitcoinvn.io supporting 103+ assets across 40+ blockchain networks, including Tron, Ethereum, BSC, Solana, Avalanche, Arbitrum, Base, Polygon, ZKsync, Linea, Scroll, and others, with wallet-to-wallet settlement and no account required for most pairs. The underlying technology stack includes a REST API with HMAC-SHA256 signed webhooks (OpenAPI 3.0.0 specification) and a Lightning Network routing node ranked among the Top 50 globally by capacity. A dedicated developer channel and public documentation support third-party integration.
The company operates a platform-plus-modules business across five revenue streams: exchange transaction fees (0.7% on VND pairs to 2.5% on select altcoins), OTC trading for trades between $10,000 and $10M+ via the BV Prime tier, staking pool rewards across 21 pools with approximately $1.85M TVL, hardware wallet distribution (Trezor, Ledger, Coinkite, Blockstream, Keystone) through the BitcoinVN Shop, and a referral program paying 10% of referred user exchange fees. Distribution combines a global self-serve website (localized in 10 languages), a physical network of 7 Bitcoin ATMs across Ho Chi Minh City, Vung Tau, and Da Nang, an API used by 10+ named swap aggregators (Orangefren, BestChange, Trocador, CypherGoat, SplitNOW, Ask&Bid, AntiKYC, Custodial.fail, MoneroPriceNow, B2P Central), and an OTC desk for high-net-worth individuals and institutions. Customer segments span privacy-focused retail crypto users, unbanked cash users, swap aggregator platforms, and institutional OTC clients.
The company employs 11-50 people and remains founder-operated, with only a single angel round disclosed (2019, from the first Vietnamese contributor to the Bitcoin protocol). A 2026 strategic investment in Flowrate signals a directional shift toward institutional Lightning yield services, and a 2026 partnership with ₿itCoffee extends physical distribution into Da Nang. The company has not raised institutional venture capital, is not publicly listed, and has not been acquired.
BitcoinVN firmographics
Firmographics- Name
- BitcoinVN
- Legal name
- CTY TNHH BVN STAR
- Website
- https://bitcoinvn.io
- Company type
- Private
- Founded year
- 2013
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- BitcoinVN is Vietnam's longest-running non-custodial cryptocurrency exchange, founded in 2013, offering instant swaps across 103+ assets on 40+ blockchains to retail users, OTC clients, and third-party aggregator platforms via API.
- Ownership category
- akta.pro rank
BitcoinVN industry classification
Industry- Product category
- Cryptocurrency Exchange
- NAICS
- Securities and Commodity Contracts Intermediation and Brokerage (5231), Financial Transactions Processing, Reserve, and Clearinghouse Activities (522320)
- SIC
- Security & Commodity Brokers, Dealers, Exchanges & Services (6200), Commodity Contracts Brokers & Dealers (6221)
- akta.pro primary industry
- On/Off-Ramp Providers (Fiat↔Crypto) & Cash-In/Cash-Out Networks (FSADAIAE)
- akta.pro secondary industries
- Crypto Payment Gateways & Checkout APIs (FSADAIAA), Crypto Payments & Stablecoin Settlement Platforms (BPAMAFAL)
Keywords
Where BitcoinVN is headquartered
LocationHeadquarters
- HQ city
- Ho Chi Minh City
- HQ country
- Vietnam
- HQ region
- Asia
Offices4 records
Markets served
BitcoinVN business model
Business model- GTM type
- B2B and B2C
- Offering type
- Software
- Cost components
- Technology or R&D, Operations, Personnel, Infrastructure, Marketing or Sales
Revenue model
- Exchange Fees: Transaction fees charged on crypto swaps ranging from 0.7% (VND) to 2.5% (DOGE) depending on asset. Network fees also apply for on-chain transfers.
- Staking Rewards: Revenue share model where 0.4% of completed XMR volume and 0.05%-0.3% of other asset volumes are distributed to stakers. Platform takes network fees from staking operations.
- OTC Trading: Over-the-counter desk serving high-net-worth individuals and institutions. Minimum $10,000 trades. Higher fees than retail exchange for bespoke execution and deep liquidity.
- Hardware Wallet Sales: Official reseller of Trezor, Ledger, Coinkite, Blockstream, and Keystone hardware wallets in Vietnam. Sells directly through online shop with crypto payment acceptance.
- Referral Program: Partners earn share of exchange fees from referred users. 10% of exchange fees paid to referrers. No cap on earnings.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Transaction based/ take rate | Pay-as-you-go | Standard Exchange - Variable fees by asset (0.7%-2.5%) |
| Usage-based | Pay-as-you-go | Staking Pools - APR up to 31.26% |
| Subscription | Pay-as-you-go | Rewards Program (XBV Token) - Fee discounts up to 20% |
| Transaction based/ take rate | Pay-as-you-go | OTC Trading - Minimum $10,000 equivalent |
Go-to-market motion4 records
Distribution channels6 records
Marketing channels8 records
BitcoinVN product offering
Product offeringCore offering
BitcoinVN operates a non-custodial instant cryptocurrency exchange enabling users to swap between 103+ crypto assets across 40+ blockchain networks without account registration, with funds settled directly to the user's own wallet. The platform is complemented by an OTC trading desk for large-volume trades, a network of 7 Bitcoin ATMs across Vietnam for cash-to-crypto transactions, crypto staking pools, and an online shop distributing hardware wallets from leading manufacturers.
Product overview
BitcoinVN operates a platform-plus-modules architecture centered on its non-custodial instant cryptocurrency exchange (bitcoinvn.io), which supports 103+ assets across multiple blockchain networks with wallet-to-wallet settlement and no account required for most pairs. The platform extends through several integrated modules: Staking Pools for earning passive income from exchange volume, OTC Trading for large institutional trades, BitcoinVN BTM for cash-to-crypto ATM transactions, BitcoinVN Shop for hardware wallet sales, BitcoinVN Insights for editorial content, Lightning Network routing services, a Rewards loyalty token program, and a Referral affiliate program. The company also offers a public REST API enabling third-party platforms to integrate instant crypto exchange functionality.
Differentiator
Problem solved
Functional benefit
Brands
- BitcoinVN Token (XBV): BitcoinVN loyalty token used in the rewards program - holders earn lower exchange fees based on tier level
- Staking Pools
- BitcoinVN API
Products and services
- BitcoinVN Exchange Non-custodial instant cryptocurrency exchange enabling users to swap between 103+ crypto assets across 40+ blockchain networks with direct wallet-to-wallet settlement; no account required for most pairs, with rate locked for approximately 15 minutes per order. Targets privacy-focused individual crypto users globally and Vietnamese users seeking VND on/off-ramp.
- BitcoinVN OTC Over-the-counter trading desk for high-net-worth individuals, family offices, and institutional clients. Minimum trade $10,000, no upper limit, with same-day settlement and deep liquidity for trades from $50K to $10M+. Supports BTC, USDT, USDC, ETH and additional assets upon request. BV Prime tier offers personal account manager and dedicated liquidity.
- BitcoinVN BTM (Bitcoin ATM Network) Physical Bitcoin ATM network in Vietnam with 7 locations across Ho Chi Minh City (5), Vung Tau (1), and Da Nang (1). Enables buying and selling BTC, USDT, USDC, ZEC, and XMR for cash (VND), with no bank account required and no registration needed. Targets cash-preferring users, tourists, and the unbanked.
- BitcoinVN Staking Pools Crypto staking pools allowing users to stake assets and earn rewards from completed exchange volume share. Features 21 pools with APR up to 31.26% (XMR), auto-staking for compound payouts, and no lockup periods. Total Value Locked approximately $1.85M. Rewards distribution: 0.4% of completed XMR volume and 0.05%-0.3% of other asset volumes.
- BitcoinVN Shop (Hardware Wallets) Official Vietnam distributor for hardware wallets from Trezor, Ledger, Coinkite, Blockstream, and Keystone. Offers tamper verification, direct manufacturer sourcing, setup support, and crypto payment acceptance. Targets security-conscious investors and long-term holders seeking verified devices for self-custody.
- BitcoinVN API REST API for integrating BitcoinVN instant crypto-to-crypto swap flows into third-party platforms. Supports asset discovery, address validation, exchange quoting, order creation, real-time webhook updates, and balance reconciliation. Public swap API allows quoting and creating swaps without authentication. Targets swap aggregators, merchants, wallets, and apps; 10+ active integrations including Orangefren, Trocador, CypherGoat, SplitNOW, and B2P Central.
- BitcoinVN Lightning (Lightning Network Routing) Lightning Network routing node service operating one of the largest Lightning Routing Nodes in Southeast Asia, ranked among the Top 50 globally by capacity. Underpins fast, low-cost Bitcoin transfers via the Lightning Network for the exchange and integrated partners.
Quantifiable outcome
- 10+ years of uninterrupted operation since 2014
- +5 more outcomes
Companies that use BitcoinVN
Customer profileNamed customers10 records
Segments6 records
Ideal customer profiles6 records
BitcoinVN technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- Yes
- API docs
- API detail
Core technology
AI maturity
App detail
Integration11 records
Feature5 records
BitcoinVN partnerships and signals
Strategic signalPartnerships
Five partnerships are on record, tiered minor and core.
- ₿itCoffeeminorPartnership to establish Da Nang showroom. Combined efforts after decade of public community-building by Bitcoiners in Vietnam.
- BestChangeminorGlobal exchange rate directory monitoring 43,000+ pairs in real time. Lists BitcoinVN rates to help users find best crypto and fiat conversions.
- AntiKYCminor#1 directory of anonymous crypto exchanges and services for privacy-focused users. Built for users who value privacy, freedom, and control over their data. Includes BitcoinVN as a listed provider.
- BitcoinVN ShopcoreVietnam's official hardware wallet distributor for Trezor, Ledger, and Blockstream. Uses BitcoinVN API to process cryptocurrency payments from customers.
- BitcoinVN BTMcorePhysical BitcoinVN BTM locations for buying crypto with cash in Vietnam. Uses exchange infrastructure to process on-site orders.
Scale indicators8 records
Recent moves6 records
Expansion highlights6 records
BitcoinVN competitors and assessment
Company assessmentDirect peers
- ChangeNOW: Non-custodial instant crypto swap platform supporting 850+ assets across multiple chains with no KYC for small swaps. Direct competitor in the no-registration swap category and one of BitcoinVN's closest functional analogs.
- SimpleSwap: Instant cryptocurrency exchange offering non-custodial swaps across 1,000+ assets with no account required. Closely overlaps BitcoinVN's core product proposition around frictionless, no-KYC swaps.
- Changelly: Instant crypto swap service operating across 770+ cryptocurrencies via API and partner integrations. Comparable non-custodial exchange-as-a-service model, with deeper B2B integrator footprint than BitcoinVN.
- SideShift.ai: No-account, no-KYC instant crypto swap platform with strong privacy positioning across 50+ assets. Similar target audience (privacy-focused users) and direct competitor in the no-registration swap niche.
- FixedFloat: Lightning-network-enabled instant crypto exchange with no registration required for small swaps. Comparable product offering and similar emphasis on speed and minimal user friction.
- MorphToken: Privacy-focused instant swap service emphasizing Tor access and minimal data retention for BTC, XMR, ETH, and LTC. Highly aligned with BitcoinVN's privacy-first positioning and narrow asset menu.
Regional players
- Remitano: Peer-to-peer Bitcoin and crypto exchange originally founded in Vietnam and serving Southeast Asia, Africa, and other emerging markets. Closest geographic peer with overlapping VND fiat access, though P2P rather than non-custodial swap model.
Broad incumbents
- Binance: Global cryptocurrency exchange with the deepest liquidity, broadest asset coverage, and aggressive Southeast Asia expansion. Competes with BitcoinVN on volume, asset breadth, and institutional onboarding, but operates a custodial model.
- OKX: Major global crypto exchange and on-chain aggregator with multi-chain swap product and growing APAC presence. Competes with BitcoinVN on aggregator-style integration and asset coverage.
- CoinFlip: Large U.S.-based Bitcoin ATM operator with 2,000+ BTM locations. Comparable BitcoinVN BTM business model and physical cash-to-crypto distribution infrastructure, though geographically distinct.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights6 records
Customer concentration
BitcoinVN social profiles
Digital presenceBitcoinVN financial estimates
Financial estimateRevenue estimate
Valuation estimate
BitcoinVN leadership team
Management profileNumber of profiles
Profiles3 records
BitcoinVN subsidiaries and ownership
Company hierarchySubsidiaries5 records
BitcoinVN funding detail
Funding detailFunding overview
Funding rounds1 record
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
BitcoinVN M&A and investment
M&A and investmentM&A1 record
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about BitcoinVN
What does BitcoinVN do?
BitcoinVN operates a non-custodial instant cryptocurrency exchange enabling users to swap between 103+ crypto assets across 40+ blockchain networks without account registration, with funds settled directly to the user's own wallet. The platform is complemented by an OTC trading desk for large-volume trades, a network of 7 Bitcoin ATMs across Vietnam for cash-to-crypto transactions, crypto staking pools, and an online shop distributing hardware wallets from leading manufacturers.
Is BitcoinVN a public or private company?
BitcoinVN is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was BitcoinVN founded?
BitcoinVN was founded in 2013. It employs 11 to 50 people.
Where is BitcoinVN based?
BitcoinVN is headquartered in Ho Chi Minh City, Vietnam, in the Asia region.
How does BitcoinVN make money?
Five revenue lines are on record. Exchange Fees are the primary driver. The others are staking Rewards, OTC Trading, hardware Wallet Sales and referral Program.
Who are BitcoinVN's main competitors?
Direct peers on record are ChangeNOW, SimpleSwap, Changelly, SideShift.ai, FixedFloat and MorphToken. Remitano is listed as a regional player. Broad incumbents are Binance, OKX and CoinFlip.
Does BitcoinVN have an API?
Yes. REST API for integrating BitcoinVN instant exchange flows. Use it to discover available assets, validate customer destinations, quote an exchange, create an order, receive webhook updates, and reconcile account balances. Public swap API allows quoting and creating swaps without authentication. Supports API key authentication via X-API-KEY header with optional IP whitelisting and read-only flag. Rate limits are enforced with headers indicating max requests, remaining requests, and retry-after seconds. OpenAPI 3.0.0 specification. Developer documentation is at bitcoinvn.io/api/doc.
What industry is BitcoinVN in?
BitcoinVN's product category is Cryptocurrency Exchange. Its primary akta.pro industry code is FSADAIAE, On/Off-Ramp Providers (Fiat↔Crypto) & Cash-In/Cash-Out Networks, with a secondary code of FSADAIAA, Crypto Payment Gateways & Checkout APIs. Its NAICS code is 5231 and its SIC code is 6200.