Buying Bitcoin in Taiwan might seem overwhelming at first, especially for beginners. With so many platforms and methods available—from local exchanges and international crypto platforms to convenience stores and ATMs—it’s easy to feel confused about where to start and which method is safest and most cost-effective.
In this comprehensive guide, we’ll walk you through the entire process of buying Bitcoin in Taiwan, step by step. You’ll learn how to choose the right platform, deposit funds, execute trades, secure your assets, and even convert Bitcoin back into cash. We’ll also cover key concepts like stablecoins, wallets, and transaction security—all tailored to users in Taiwan.
By the end, you’ll have a clear roadmap to confidently enter the world of cryptocurrency.
Step 1: Choose a Reliable Platform to Buy Bitcoin
Just like buying groceries requires going to a supermarket, purchasing Bitcoin requires using a trusted digital marketplace. In Taiwan, there are several ways to buy Bitcoin:
- Local cryptocurrency exchanges (e.g., MAX, BitoPro)
- International crypto exchanges (e.g., Binance)
- CFD (Contract for Difference) trading platforms (e.g., Mitrade, OANDA)
- Physical locations (e.g., 7-Eleven, FamilyMart, BTC ATMs)
Let’s break down each option:
✅ Local Cryptocurrency Exchanges
Platforms like MAX Exchange and BitoPro are operated by Taiwanese companies and support direct TWD deposits and withdrawals. They’re regulated locally and offer customer service in Mandarin.
Pros:
- Easy TWD banking integration
- KYC verification in local language
- Some offer physical branch support
Cons:
- Limited coin selection
- Lower liquidity (slow or failed trades)
- Higher Bitcoin prices compared to global markets
- Occasional system downtimes during upgrades
👉 Start your crypto journey with a trusted global exchange today.
While useful for depositing and withdrawing TWD, these platforms are not ideal for active trading due to price inefficiencies and slow execution.
✅ International Cryptocurrency Exchanges
Global platforms like Binance offer deeper liquidity, more trading pairs (like BTC/USDT), advanced tools, and lower fees. These are essential for serious investors who want full control over their assets.
Pros:
- High liquidity and fast trade execution
- Wide range of cryptocurrencies
- Support for spot and futures trading
- Competitive transaction fees
Cons:
- Cannot directly withdraw TWD (must use intermediaries)
- TWD deposits usually require credit cards (higher fees) or peer-to-peer (P2P) trading
- Requires understanding of blockchain and wallet management
For long-term investors, having an account on an international exchange is highly recommended.
✅ CFD Trading Platforms
CFD platforms allow you to speculate on Bitcoin’s price without owning the actual asset. You're trading a contract based on price movements.
Best for:
Traders who want simplicity, fast onboarding, and don’t wish to manage private keys or wallets.
Pros:
- Regulated by financial authorities (e.g., ASIC, FCA)
- Direct TWD deposits and withdrawals
- User-friendly interface
- No need to understand blockchain technology
Cons:
- You don’t own real Bitcoin
- Limited to price speculation only
- Risk of leverage misuse
Ideal for beginners who want exposure to Bitcoin’s price movement with minimal technical learning.
❌ Avoid: Convenience Stores & BTC ATMs
While you can buy Bitcoin at 7-Eleven, FamilyMart, or dedicated BTC ATMs, we strongly advise against it. These methods come with:
- Extremely high transaction fees (up to 10–15%)
- Marked-up Bitcoin prices
- Limited purchase amounts
- No recourse if something goes wrong
They may be convenient, but they’re not cost-effective.
Step 2: Deposit Funds (How to Add Money)
Once you’ve chosen your platform, the next step is funding your account.
Here’s how it works across different platforms:
On Local Exchanges (MAX, BitoPro)
You can directly deposit TWD via bank transfer or online banking. This is straightforward and fast.
On International Exchanges (Binance)
Since most global platforms don’t accept direct TWD deposits, you’ll need one of these methods:
- Credit Card Purchase: Buy USDT or BTC directly with a credit card (fees ~3–5%).
- P2P Trading: Buy USDT from sellers using TWD through Binance P2P.
- Transfer from Local Exchange: Buy USDT on MAX with TWD, then transfer it to Binance.
💡 Think of USDT (Tether) as the “game token” of the crypto world—just like exchanging cash for arcade coins. Most crypto trading happens in USDT because it's stable and widely accepted.
👉 Discover how to quickly convert TWD into digital assets on a secure platform.
⚠️ Warning: Always ensure you understand blockchain transfers before sending funds. Mistakes can lead to permanent loss.
Step 3: Buy Bitcoin on the Trading Market
Now that your account is funded, it’s time to buy Bitcoin.
Spot vs. Contract Trading
| Type | Description |
|---|---|
| Spot Trading | Buy actual Bitcoin. You own it and can withdraw it to your wallet. Lower risk. |
| Futures/Contract Trading | Bet on price changes with leverage. Higher risk but potential for higher returns. Not recommended for beginners. |
For new investors, stick to spot trading.
How to Place a Buy Order:
- Go to the trading page (e.g., BTC/USDT market).
- Select “Buy.”
- Enter amount (you can buy fractions—no need for a full BTC).
- Confirm the order.
On Binance, the minimum trade is just 0.00001 BTC (~$14 USD)—making entry accessible even with small budgets.
Step 4: Secure Your Bitcoin – Use a Crypto Wallet
After buying Bitcoin, consider moving it to a secure wallet. The crypto saying goes:
“Not your keys, not your coins.”
If an exchange gets hacked or shuts down, your funds could be lost forever.
Two Main Types of Wallets:
| Wallet Type | Pros | Cons |
|---|---|---|
| Cold Wallet (Hardware/Paper) | Offline storage; highly secure | Must safeguard seed phrase; loss = lost funds |
| Hot Wallet (Software/App) | Easy access; good for small amounts | Connected to internet; vulnerable to hacks |
Who Should Use What?
- Newbies with small funds: Keep coins on a reputable exchange.
- Long-term holders: Transfer larger amounts to a cold wallet.
- Active traders: Keep only what you’re trading on the exchange.
Diversify storage based on your risk tolerance and investment size.
Step 5: Sell or Withdraw When Needed
Eventually, you may want to cash out.
Selling Options:
- Local Exchanges: Sell BTC for TWD directly.
- P2P Markets: Trade USDT for TWD with buyers.
- Transfer Back: Send USDT from Binance to MAX/BitoPro → withdraw TWD to bank.
You can also use crypto debit cards to spend Bitcoin directly.
Frequently Asked Questions (FAQ)
Can I buy Bitcoin with cash in Taiwan?
Yes, but not recommended. BTC ATMs and convenience stores charge very high premiums and fees.
Is buying Bitcoin legal in Taiwan?
Yes. Cryptocurrency ownership and trading are legal. Platforms must comply with AML/KYC regulations.
How much does it cost to buy Bitcoin?
You don’t need a full BTC. You can start with as little as $10–$15 worth of USDT.
Do I have to pay taxes on Bitcoin profits?
Yes. Taiwan treats crypto gains as taxable income under property transaction rules.
Can I withdraw Bitcoin as TWD?
Yes. Convert BTC → USDT → TWD via P2P or local exchanges like MAX.
What is USDT?
USDT (Tether) is a stablecoin pegged 1:1 to the US dollar. It’s widely used for trading and value transfer in crypto markets.
Final Tips for Buying Bitcoin in Taiwan
- Start small – Test the process with a small amount.
- Prioritize security – Enable 2FA and use strong passwords.
- Avoid FOMO – Don’t rush into purchases during price spikes.
- Keep learning – Understand blockchain basics before managing large sums.
- Diversify storage – Don’t keep all funds in one place.
👉 Access a secure, high-performance exchange trusted by millions worldwide.
Whether you're a beginner looking to make your first purchase or an experienced investor optimizing your strategy, choosing the right tools and understanding the process is key to success in the crypto space.
With this guide, you now have everything you need to safely and confidently buy Bitcoin in Taiwan—step by step.