Cryptocurrency has become one of the most talked-about financial innovations of the 21st century. For beginners in Taiwan and beyond, getting started with digital assets may seem overwhelming—but it doesn’t have to be. With the right tools and knowledge, purchasing crypto can be as simple as downloading an app and linking your bank account.
This guide walks you through everything you need to know about buying cryptocurrency, including what it is, how decentralized networks work, and most importantly—the best cryptocurrency exchange apps available for users in Taiwan. Whether you're a complete beginner or looking to expand your investment options, this article will help you make informed decisions.
What Is Cryptocurrency?
Cryptocurrency, often referred to simply as "crypto," is a form of digital or virtual currency that uses cryptography for security. Unlike traditional money issued by governments (like the New Taiwan Dollar or US Dollar), cryptocurrencies operate on decentralized networks based on blockchain technology—a distributed ledger enforced by a network of computers.
The first and most well-known cryptocurrency is Bitcoin, which was introduced in 2009. Since then, thousands of alternative cryptocurrencies (commonly called "altcoins") have been developed, each with unique features and use cases.
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Understanding Decentralization in Crypto
One of the core principles behind cryptocurrency is decentralization. This means there's no central authority—like a bank or government—controlling the flow of money. Instead, transactions are verified by network nodes through cryptography and recorded on a public ledger (the blockchain).
This eliminates intermediaries such as banks and credit card companies, enabling peer-to-peer (P2P) transactions across the globe without delays or high fees. Because the system is transparent and tamper-resistant, it significantly reduces fraud risks and enhances user autonomy.
For users in Taiwan, this opens up opportunities to participate in global financial markets directly, without relying on traditional banking infrastructure.
Why Use a Cryptocurrency Exchange?
To buy cryptocurrency, you’ll need access to a crypto exchange—a digital marketplace where users can trade fiat money (like TWD) for digital assets like Bitcoin, Ethereum, and more.
Modern exchanges offer mobile apps that make buying, selling, and managing crypto seamless. Many support credit card payments, bank transfers, and even instant conversions—all within a secure environment.
While there are global platforms used worldwide, local exchanges in Taiwan often provide advantages such as:
- Direct TWD deposits and withdrawals
- Lower transaction fees
- Local customer support
- Compliance with regional regulations
Let’s explore five top-rated crypto exchange apps that are accessible and reliable for users in Taiwan.
Top 5 Cryptocurrency Exchange Apps for Taiwanese Users
1. Coinbase
Founded: 2014
Trading Fee: 0.25%
Coinbase is one of the most recognized names in the cryptocurrency world. Listed on the NASDAQ in April 2021, it’s a publicly traded company that has gained trust among millions of users globally.
The platform offers a clean, intuitive interface ideal for beginners. You can easily buy Bitcoin, Ethereum, and dozens of other cryptocurrencies using a credit card or bank transfer. While Coinbase doesn’t currently offer a full Chinese-language version, its straightforward design makes navigation simple even for non-English speakers.
Though slightly higher in fees compared to some competitors, Coinbase excels in security, regulatory compliance, and user education, making it a solid starting point for new investors.
2. Binance (幣安)
Founded: 2017
Trading Fee: 0.1%
Binance is the world’s largest cryptocurrency exchange by trading volume—processing over $20 billion in trades daily. It supports hundreds of cryptocurrencies and offers advanced trading features like futures, staking, and savings products.
What sets Binance apart is its dual-interface system:
- Beginner Mode: Simplified layout perfect for first-time users
- Advanced Mode: Designed for experienced traders with charting tools and order types
Binance also has its native token, BNB (Binance Coin), which can be used to reduce trading fees and access exclusive services.
Despite past regulatory scrutiny in certain regions, Binance remains widely accessible and continues to innovate with new products tailored to both casual and professional investors.
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3. Huobi (火幣)
Founded: 2013
Trading Fee: 0.2%
Huobi is one of the earliest cryptocurrency exchanges originating from China, now operating internationally with offices in Hong Kong, Singapore, South Korea, and the U.S.
Known for its stability and long-standing presence in the market, Huobi attracts a loyal user base. The platform supports multiple languages, including Traditional Chinese, making it highly accessible for users in Taiwan.
Huobi provides spot trading, margin trading, and futures contracts, along with educational resources to help users understand market dynamics. While not as dominant as Binance today, it remains a reputable option for those seeking variety and reliability.
4. MAX Exchange (by MaiCoin)
Founded: 2018
Maker Fee: 0.05%
Taker Fee: 0.15%
MAX is Taiwan’s leading local cryptocurrency exchange developed by MaiCoin Group—one of the country’s pioneering blockchain companies.
Key benefits include:
- Direct TWD banking via Far Eastern Bank trust services
- High liquidity for major cryptocurrencies
- Regular product updates and enhanced security protocols
MAX supports essential trading functions like limit orders, stop-loss triggers, and recurring buys. It's especially suitable for Taiwanese residents who prefer dealing in local currency without navigating international compliance hurdles.
As a homegrown platform committed to regulatory transparency, MAX plays a crucial role in promoting responsible crypto adoption in Taiwan.
5. ACE Exchange (王牌交易所)
Founded: 2018
Maker Fee: 0%
Taker Fee: 0.1%
ACE Exchange is another prominent player in Taiwan’s crypto scene. Partnered with KGI Bank for fund custody, ACE emphasizes safety and compliance.
Notable features:
- Zero maker fees to encourage market liquidity
- Focus on serving Mandarin-speaking communities
- Collaboration with top-tier legal firms, auditors, and regulators
ACE also actively supports promising blockchain startups through incubation programs, contributing to ecosystem growth in Asia.
Its strong emphasis on security, transparency, and user protection makes it a trustworthy choice for both novice and experienced traders.
Frequently Asked Questions (FAQs)
Q: Can I buy cryptocurrency with New Taiwan Dollar (TWD)?
A: Yes. Local exchanges like MAX and ACE allow direct TWD deposits via bank transfer or trust accounts, making it easy to purchase crypto without converting currencies.
Q: Are cryptocurrency exchanges legal in Taiwan?
A: Yes. Taiwan regulates crypto exchanges under anti-money laundering (AML) laws. Licensed platforms must comply with Know Your Customer (KYC) requirements and asset custody rules.
Q: Is it safe to store crypto on an exchange?
A: While reputable exchanges employ strong security measures (like cold storage and two-factor authentication), it's generally safer to transfer large holdings to a private wallet for long-term storage.
Q: What are maker and taker fees?
A: Maker fees apply when you place an order that adds liquidity to the market (e.g., setting a new price). Taker fees apply when you fill an existing order. Some platforms offer lower or zero maker fees to incentivize trading activity.
Q: Do I need to pay taxes on crypto gains in Taiwan?
A: As of current guidelines, capital gains from cryptocurrency trading are taxable under Taiwan’s income reporting system. Always consult a tax professional for personalized advice.
Q: Which exchange is best for beginners?
A: For simplicity and ease of use, Coinbase and MAX Exchange are excellent choices. They offer user-friendly interfaces, clear instructions, and robust customer support.
Final Thoughts
Entering the world of cryptocurrency doesn’t require technical expertise or large amounts of capital. With trusted platforms like Binance, Huobi, MAX, ACE, and Coinbase—all accessible in Taiwan—you can begin your investment journey safely and efficiently.
Whether you value low fees, local banking integration, multilingual support, or advanced trading tools, there’s an exchange tailored to your needs.
👉 Start exploring the future of finance with just one click.
Remember: always do thorough research before investing. The crypto market is dynamic and volatile—what matters most is understanding the risks and making informed decisions aligned with your financial goals.
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