How to Buy Bitcoin: 5 Methods in Taiwan & 7 Popular Bitcoin Strategies

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Bitcoin has become one of the most influential digital assets in the world, attracting investors, traders, and tech enthusiasts alike. If you're based in Taiwan and wondering how to buy Bitcoin, or what to do after purchasing it, this comprehensive guide will walk you through five reliable methods to acquire BTC and explore seven proven ways to make the most of your holdings.

Whether you're a beginner looking for a simple entry point or an experienced user exploring advanced strategies, we’ve structured this article for clarity, security awareness, and practical insights—optimized for both readability and search intent.

What Is Bitcoin?

Bitcoin (BTC) is the world’s first decentralized cryptocurrency, created in 2009 by an anonymous figure known as Satoshi Nakamoto. Built on blockchain technology, Bitcoin operates without central authority oversight, making it resistant to censorship and government control.

Key facts about Bitcoin:

Often referred to as "digital gold," Bitcoin serves not only as a medium of exchange but also as a long-term store of value due to its scarcity and growing adoption.

👉 Discover secure platforms to start your Bitcoin journey today.

How to Buy Bitcoin: 5 Trusted Methods in Taiwan

Purchasing Bitcoin in Taiwan has never been easier. Below are five accessible and widely used methods—ranked from most recommended to niche alternatives.

1. Buy Bitcoin via Binance (Global Exchange)

Binance is the world’s largest cryptocurrency exchange by trading volume, offering multiple ways to purchase Bitcoin using fiat currencies like USD, EUR, and TWD.

Steps to buy BTC with a credit card on Binance:

  1. Sign up at Binance and complete identity verification.
  2. Navigate to "Buy Crypto" > "Credit/Debit Card."
  3. Select BTC as the cryptocurrency and enter the TWD amount.
  4. Choose your preferred payment method and confirm the purchase.
  5. Your Bitcoin will be credited instantly to your Binance wallet.

Binance supports fast transactions, low fees, and high liquidity—ideal for beginners and active traders.

2. Use MAX Exchange (Taiwan-Friendly Platform)

MAX is a locally trusted exchange that allows seamless TWD deposits via bank transfer, making it one of the top choices for Taiwanese users.

How to buy Bitcoin on MAX:

  1. Register and verify your account on MAX.
  2. Deposit TWD using online banking.
  3. Go to the BTC/TWD trading pair.
  4. Enter the price and quantity under Limit Order, then click "Buy BTC."
  5. Wait for the order to execute—usually within seconds.

MAX offers a user-friendly interface, strong regulatory compliance, and direct integration with local banks.

👉 Access trusted exchanges where you can securely buy Bitcoin with TWD.

3. Peer-to-Peer (P2P) & OTC Trading

Over-the-counter (OTC) trading enables direct purchases from other individuals or brokers. This method is often used for large-volume trades to avoid market slippage.

On platforms like Binance P2P or local OTC desks:

While convenient, in-person cash trades carry risks such as fraud or theft—opt for verified platforms or physical stores instead.

4. Bitcoin ATMs

Bitcoin ATMs allow users to buy BTC with cash or debit cards. However, availability in Taiwan is limited.

To use a Bitcoin ATM:

  1. Find a nearby machine via Coin ATM Radar.
  2. Scan your Bitcoin wallet address.
  3. Insert cash or card and confirm the transaction.

These machines typically charge high fees (up to 10%) and require a pre-existing wallet—best suited for small, urgent purchases.

5. Convenience Store Purchases

In select locations, you can buy Bitcoin at 7-Eleven stores through partnerships with exchanges like MAX. The process resembles topping up a game card:

  1. Generate a virtual order on the exchange app.
  2. Pay in cash at the counter.
  3. Receive BTC in your wallet after payment confirmation.

Though convenient, this method isn’t widely adopted and may have lower limits.

Frequently Asked Questions (FAQ)

Q: Is it legal to buy Bitcoin in Taiwan?
A: Yes. Cryptocurrency trading is legal in Taiwan. Exchanges must comply with AML/KYC regulations, but individuals can freely buy, hold, and trade Bitcoin.

Q: Can I buy less than 1 Bitcoin?
A: Absolutely. Bitcoin is divisible up to eight decimal places (1 satoshi = 0.00000001 BTC). You can invest as little as a few hundred TWD.

Q: Which method is safest for buying Bitcoin?
A: Using regulated exchanges like Binance or MAX is safest due to built-in protections, two-factor authentication (2FA), and escrow systems.

Q: How long does it take to receive Bitcoin after purchase?
A: Most exchange purchases are instant. Wallet-to-wallet transfers usually take 10–30 minutes depending on network congestion.

Q: Are there taxes on Bitcoin gains in Taiwan?
A: As of 2025, Taiwan has implemented reporting requirements for crypto gains. Consult a tax professional for compliance guidance.

7 Ways to Use Your Bitcoin After Purchase

Owning Bitcoin opens doors beyond simple holding. Here are seven popular strategies used by investors and traders.

1. Buy and Hold (HODL)

The most common strategy involves buying Bitcoin and holding it long-term, expecting appreciation over time. Often called “HODLing,” this approach mirrors investing in gold or index funds.

Ideal for: Beginners, passive investors, those bullish on macroeconomic trends.

2. Bitcoin Mining

Mining involves using specialized hardware (ASICs) to validate transactions and earn new BTC as rewards. While technically feasible, mining requires:

Due to rising difficulty and energy costs, mining is no longer profitable for most retail users without access to cheap power.

3. Crypto Lending

You can lend your Bitcoin on decentralized protocols like Aave or through centralized platforms to earn interest. Alternatively, use BTC as collateral to borrow fiat or stablecoins without selling your assets.

Use case: Need short-term liquidity while maintaining exposure to BTC price growth.

4. Derivatives Trading (Futures & Options)

Advanced traders use Bitcoin futures and options contracts to speculate on price movements or hedge existing positions. These instruments offer leverage—amplifying both gains and losses.

Platforms like OKX provide up to 100x leverage on perpetual contracts.

⚠️ Warning: High-risk strategy suitable only for experienced traders.

👉 Explore advanced trading tools with powerful analytics and leverage options.

5. Leverage & Margin Trading

Similar to derivatives, margin trading lets you borrow funds to increase your position size. For example:

However, liquidation risk increases dramatically during volatility.

6. Cold Storage (Hardware Wallets)

Protecting your investment is crucial. Transferring Bitcoin to a hardware wallet (e.g., Ledger, Trezor) removes it from online exposure.

Best practices:

This method ensures maximum security for long-term storage.

7. Automated Trading Bots

Quantitative trading uses algorithms to execute trades based on market conditions. Platforms offer bots for grid trading, arbitrage, or DCA (dollar-cost averaging).

Benefits:

Great for users who want hands-free involvement while capitalizing on market fluctuations.

How to Stay Safe When Buying Bitcoin

Security should be your top priority when entering the crypto space:

Remember: Not your keys, not your coins. Keeping funds on exchanges exposes you to platform risks—always withdraw significant holdings to personal wallets.

Final Thoughts

From buying your first fraction of a Bitcoin on MAX or Binance to exploring lending, staking, or automated trading strategies, the possibilities within the crypto ecosystem are vast. Whether you're investing for the long term or experimenting with active trading techniques, understanding the fundamentals of acquisition, security, and usage empowers smarter decisions.

As adoption grows and institutional interest rises—especially around events like the Bitcoin halving—being informed gives you a competitive edge in navigating this evolving financial landscape.

Stay curious, stay cautious, and keep learning.