Investing in cryptocurrency—also commonly referred to as digital or virtual currency—has become increasingly accessible, especially for users in Taiwan looking to enter the global financial landscape. The first step? Converting your Taiwanese dollars (TWD) into a widely accepted digital asset like USDT, a stablecoin pegged 1:1 to the US dollar.
The process is surprisingly straightforward and mirrors something you're already familiar with: exchanging TWD for foreign currency before an overseas trip. Instead of visiting a bank, you’ll use a regulated fiat-to-crypto exchange based in Taiwan. Once your funds are converted to USDT, you can transfer them to advanced trading platforms to begin investing.
In this guide, we’ll walk you through a secure, step-by-step method to buy cryptocurrency using TWD, transfer your assets, and start trading—perfect for beginners ready to explore the world of digital finance.
Step 1: Register on a Trusted Fiat Exchange – MAX
To begin your crypto journey, you’ll need to sign up with a licensed fiat exchange that supports TWD deposits. MAX, operated by MaiCoin, is the most established and widely used platform in Taiwan, known for its compliance with local regulations and user-friendly interface.
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Creating an account takes just minutes. All you need is a valid email address and a strong password. However, to unlock deposit and withdrawal features, you must complete a KYC (Know Your Customer) verification process. This includes:
- Mobile phone verification
- Government-issued ID upload (e.g., national ID card)
- Bank account binding
Due to stricter anti-money laundering (AML) and anti-fraud regulations, verification can take 2 to 7 business days. If your application seems delayed, MAX offers responsive customer support to help expedite the process.
Once verified, you’re ready to deposit TWD and convert it into USDT—the digital gateway currency for most crypto investments.
Step 2: Deposit TWD into Your MAX Account
After completing verification, log in and navigate to the deposit section. Here’s how it works:
- Select TWD deposit.
- If you haven’t already, link your local bank account. Note: You can only deposit from this verified account.
- MAX will generate a dedicated deposit account number—a temporary virtual account used to receive your funds.
- Use online banking or ATM transfer to send TWD to this account.
Funds typically reflect in your MAX wallet within minutes. No fees are charged for TWD deposits, making it a cost-effective entry point for new investors.
Pro Tip: Always double-check the deposit details. Sending money to the wrong account can delay processing or result in loss of funds.
Step 3: Convert TWD to USDT
Now that your TWD is in your MAX wallet, it’s time to convert it into USDT (Tether)—a stablecoin that maintains a stable value equivalent to $1 USD. This minimizes volatility while allowing you to trade across global crypto markets.
Here’s how:
- Go to the Trading section in the MAX app.
- Select the TWD/USDT trading pair.
- Choose “Buy USDT” and enter the amount (many users convert 100% of their available TWD).
- Confirm the transaction.
Within seconds, your USDT balance will appear in your wallet. You now hold a globally recognized cryptocurrency that can be transferred to any compatible exchange.
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Bonus Step: Transfer USDT to an Advanced Trading Platform
While MAX is excellent for buying USDT, more advanced trading features—like automated strategies and global market access—are available on international platforms. One highly recommended option for beginners is Pionex (Grid Trading Bot Platform), known for its user-friendly automation tools.
But note: Pionex does not directly support TWD deposits. That’s why we use MAX as a bridge—convert TWD to USDT first, then transfer.
How to Transfer USDT from MAX to Pionex
Follow these steps to securely move your USDT:
- Log in to Pionex and go to Deposit.
- Search for USDT and select the TRC-20 network (this minimizes transfer fees and speeds up transactions).
- Copy the provided USDT deposit address.
Now switch back to MAX:
- Go to your Wallet > USDT > Send.
- Click Add Withdrawal Address, paste the Pionex address.
- Select TRC-20 as the network.
- Enter the amount and confirm the transfer.
⚠️ Critical: Always use the TRC-20 network and ensure the address is correct. Mismatched networks can result in permanent fund loss.
Transfers typically take 2–5 minutes. Once received, your USDT is ready for trading on Pionex.
Why Use Pionex for Crypto Trading?
Pionex stands out for its automated trading bots, especially the Grid Trading Bot, which allows users to profit from market volatility without constant monitoring.
How it works:
- Set a price range for a cryptocurrency (e.g., BTC/USDT).
- The bot automatically buys low and sells high within that range.
- You earn small profits repeatedly, even in sideways markets.
This strategy is ideal for beginners who want exposure to crypto without stress or experience in technical analysis.
Pionex also supports one-click trading, low fees, and multilingual customer support—including full Mandarin service—making it accessible for Taiwanese users.
Frequently Asked Questions (FAQ)
Q1: Is it legal to buy cryptocurrency in Taiwan?
Yes. Cryptocurrency trading is legal in Taiwan when conducted through licensed platforms like MAX that comply with financial regulations. Always use regulated exchanges to ensure security and compliance.
Q2: What is USDT and why should I use it?
USDT (Tether) is a stablecoin backed 1:1 by USD reserves. It offers price stability compared to volatile cryptocurrencies like Bitcoin, making it ideal for storing value and trading across platforms.
Q3: Can I buy crypto directly with TWD on international exchanges?
Most global exchanges do not support direct TWD deposits. That’s why using a local exchange like MAX as a bridge is essential for Taiwanese investors.
Q4: Are there fees when transferring USDT?
Yes, but they’re minimal—especially when using the TRC-20 network, which typically charges less than $1 per transaction. Avoid higher-fee networks like ERC-20 unless required.
Q5: How safe is Pionex?
Pionex employs enterprise-grade security, including cold storage, two-factor authentication (2FA), and regular audits. While no platform is 100% risk-free, Pionex is considered one of the more trustworthy options for automated trading.
Q6: Do I need full verification on Pionex?
At minimum, complete Level 1 KYC on Pionex to receive USDT transfers. Higher verification levels unlock benefits like credit card purchases and increased withdrawal limits.
Final Thoughts
Buying cryptocurrency in 2025 doesn’t require technical expertise—just the right tools and clear steps. By starting with a trusted local exchange like MAX, converting TWD to USDT, and transferring to powerful platforms like Pionex, you can confidently enter the digital economy.
Whether you're interested in long-term holding or automated trading strategies, this foundation sets you up for success.
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Remember: Always verify addresses, use secure networks, and enable two-factor authentication on all accounts. With careful steps and smart tools, your investment journey can be both safe and rewarding.