How to Buy Bitcoin (BTC) in Taiwan

How to buy Bitcoin (BTC) in Taiwan? This article explains the buying steps and recommended exchanges for newcomers to help you get started with Bitcoin and enter the cryptocurrency world with ease.

Contents

Introduction to Bitcoin Steps to buy Bitcoin in Taiwan Recommended Bitcoin Trading Platforms in Taiwan Tips for Buying Bitcoin Safely Frequently Asked Questions Q&A

With the growing popularity of Bitcoin, more and more Taiwanese are becoming interested in this digital asset. Although there are many ways to buy Bitcoin, it is important to choose a safe channel and method that suits your needs. In this article, we will introduce the steps to buy Bitcoin in Taiwan.

Introduction to Bitcoin

Bitcoin is a decentralized digital currency, backed by blockchain technology, that can be traded without the need for a central authority. The value of Bitcoin fluctuates greatly, but its potential value-added and risk-adjusting features make it the preferred choice of many investors. Bitcoin transactions are based on a peer-to-peer network, making them more transparent and secure.

Steps to buy Bitcoin in Taiwan

Select Trading Platform
First of all, choose a reliable trading platform. It is recommended to choose a platform with high security and good user ratings to ensure the safety of transactions and funds.
Registered Account Number
Register your account with the trading platform of your choice. In accordance with Taiwan's KYC (Knowledge Based Certification) regulations, you will be required to submit identification and address information to verify your identity.
Rechargeable Currency
After verification, you can top up your trading account with French currency (e.g. NTD) via bank transfer, credit card, etc.
Buy Bitcoin
Find a Bitcoin trading pair (e.g. BTC/TWD) on the platform, choose the quantity to buy and confirm the transaction. These platforms usually have "Market Order" and "Limit Order" options, so you can choose according to your needs.
Custody of Bitcoin
Once the purchase is complete, the Bitcoin can be stored in an exchange wallet or transferred to a cold wallet for safekeeping for added security.

Recommended Bitcoin Trading Platforms in Taiwan

Platform Name	Handling Rates	Supported Payment Methods	Security Rating	distinctiveness
Ouyi OKX	0.10% - 0.15%	Bank Transfer, Credit Card	your (honorific)	Supports multiple cryptocurrencies for smooth transactions
RMB Binance	0.10%	Bank Transfer, Credit Card	your (honorific)	World's largest exchange with high mobility
MAX Exchange	0.2%	ATM Transfer, Bank Transfer	center	Localized service and support for NT transactions
ACE Exchange	0.05% - 0.1%	Bank Transfer, Credit Card	your (honorific)	Localized services, novice-friendly interface

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Tips for Buying Bitcoin Safely

Selection of well-known exchangesWhen choosing an exchange, it is important to select one with a high level of security and a good reputation to ensure the safety of your assets.
Enabling Dual Authentication (2FA): Enabling Dual Authentication in the trading platform can significantly increase account security and prevent account theft.
Cold wallet storageIf you trade infrequently, it is recommended that you transfer Bitcoin from your exchange wallet to a cold wallet to minimize the risk of hacking.

Frequently Asked Questions Q&A

1. What are the fees for buying Bitcoin in Taiwan?
Bitcoin purchase fees depend on the trading platform you choose, and generally include a transaction fee and a withdrawal fee, and some platforms may also have a top-up fee.

2. What payment methods can I use to buy Bitcoin in Taiwan?
Currently, users in Taiwan can purchase Bitcoin through bank transfers, credit cards, ATMs, and other methods. Each platform has slightly different support methods, so we recommend checking with them first.

3. Why is identity verification required?
According to the relevant regulations in Taiwan, identity verification (KYC) is required for cryptocurrency purchases to protect user security and prevent illicit funding activities.

With these simple steps and safety tips, users in Taiwan can easily buy Bitcoin and start their cryptocurrency investment journey. By choosing the right trading platform and secure asset management, you can more easily make profits in the digital currency market.