The cryptocurrency sector is a tremendous equalizer. How? Because it makes no distinction between small and older adults. In this industry, young people can earn as much as the old. And there’s more. It has no concept of color. Bitcoin has reached practically every country, including Taiwan.
Unlike every other government on the earth, Taiwan appears hesitant to experiment with implementing a central bank digital currency (CBDC). The country is open to it but has yet to set a deadline since, again, unlike many other countries, there is no pressing need to abandon the use of cash in the financial system. This upbeat attitude contrasts sharply with China, which is actively pursuing its own CBDC. The Taiwan ‘go coin’ would be an option only if it was safer and easier to use than present mobile payments and if it met customers’ needs more properly.
Concerning mainstream bank involvement in cryptocurrency, the Financial Supervisory Commission (FSC) has ordered local banks not to accept bitcoins or provide any bitcoin-related services, such as bitcoin exchange for fiat cash. Currently, no banks or financial institutions are permitted to take cryptocurrency accounts.
Where to buy Bitcoin in Taiwan?
To trade Cryptocurrencies in Taiwan, investors must use a safe digital asset exchange that accepts deposits in New Taiwan Dollars (TWD). To aid Taiwanese traders in identifying the best platform, our staff has compiled a list of reputable exchanges that each offer unique and different services. Certain platforms provide more capability, while others emphasize increased security.
Read also: What influences the volatility of Bitcoin
Best cryptocurrency exchange in Taiwan
We thoroughly examined the top digital asset exchanges to determine the finest Crypto trading platforms available to Taiwanese investors. To reach this result, we analyzed their features, security, fees, TWD deposit options, and other factors.
Bybit is a derivatives trading platform established in Singapore that offers a variety of order types, such as spot, futures, options, and margin trading. Its appeal among traders stems from the lack of KYC (identity verification) procedures and a diverse set of trading tools. Bybit offers spot and perpetual futures trading with up to 100x leverage. Its user-friendly layout makes it appealing to both rookie and expert traders.
OKX is a Hong Kong-based cryptocurrency exchange created in 2017 by a team led by blockchain expert Star Xu. It is one of the major exchanges in terms of trading and offers a diverse range of trading options, such as spot and margin trading, perpetual futures, options, and derivatives. The exchange allows up to 100x leverage on its futures contracts and several transaction types, including limit, market, and stop orders.
Binance is a cryptocurrency platform based in Malta that was launched in 2017. It is now the world’s largest Crypto exchange in terms of trading volume, and it provides a wide range of trading options, including spot and margin trading and opportunities. Binance boasts many features, including its blockchain network, BNB chain, and its coin, BNB, which, when staked, provides users with a fee discount.
4. MaiCoin Maximum
MaiCoin Max is a Taiwanese cryptocurrency exchange launched in 2014 by Stanford University graduate Alex Liu. It is Taiwan’s first Crypto exchange, and it offers customers several trading choices. MaiCoin Max places a premium on user security and has integrated cutting-edge security methods such as multi-factor authentication and biometric verification.
5. Taiwan Bitcoin ATMs
In Taiwan, bitcoin can also be obtained through BTMs. In Taiwan, there are approximately 13 Bitcoin ATMs. The vast majority of them are concentrated in Taipei.
How to buy Bitcoin in Taiwan
You may buy Bitcoin in Taiwan by finding a reliable and secure exchange site. Create an account on the site after choosing a suitable platform, fill in the relevant details, and select the transaction you want to perform.
Is Coinbase available in Taiwan?
Yes, Coinbase is available in Taiwan. Taiwanese can buy and sell Bitcoin at good rates on Coinbase.
Is Binance available in Taiwan?
Binance is one of the most popular crypto exchanges in the world, and it is available in Taiwan.
Best Bitcoin exchange in Taiwan
The best bitcoin exchanges in Taiwan are Bybit, Okx, Binance, Kucoin, Maicoinmax, and Kucoin.
Best Bitcoin wallet in Taiwan
The best bitcoin wallets in Taiwan are cryptowallet.com, Coinbase, and Binance.
Bitcoin ATM locations in Taiwan
There are 18 Bitcoin ATMs in Taiwan. You can buy or sell Bitcoin in their locations in Changhua County, Pingtung, Taipei City, Hsinchu, Taichung City, Taoyuan City, Kaohsiung City, and Tainan City.
How to sell Bitcoin in Nigeria
To sell Bitcoin in Nigeria, you need an exchange platform like Astro Africa. Astro Africa is a digital exchange platform that allows you to sell Bitcoin and other cryptocurrencies for Nigerian money. The platform is easy to use, sells bitcoin at the best rates, is swift, and has fantastic customer service. To use Astro Africa, you must create an Account. To create an account, visit the Astro Africa website or download the mobile app from the Google Play Store or App Store.