In recent years, Best Crypto Exchanges In Taiwan have grown significantly in popularity, acting as crucial platforms for both seasoned traders and those just entering the world of digital assets. These marketplaces make it possible to purchase, sell, and trade a variety of cryptocurrencies, including well-known ones like Bitcoin, Ethereum, and Ripple.
The strict regulatory standards that are followed by Taiwan’s crypto exchanges are one of their standout characteristics, and this has helped to increase investor confidence in the sector. These rules have been put in place to prevent money laundering and guarantee the safety of users’ money. Additionally, a lot of Taiwanese exchanges provide thorough customer service and user-friendly interfaces, making it simpler for people to manage the complexity of bitcoin trading. Due to the increased global interest in cryptocurrency
How To Choose Best Crypto Exchanges In Taiwan?
To ensure the safety, security, and suitability of the platform for your purposes, it is important to carefully evaluate a number of aspects when selecting the best cryptocurrency exchange in Taiwan or any other country. Here are some guidelines to follow when you search for Taiwan’s top cryptocurrency exchange:
Regulatory Compliance: To begin, confirm that the exchange complies with Taiwanese laws and regulations. Verify the exchange’s compliance with Know Your Customer (KYC), Anti-Money Laundering (AML), and Financial Supervisory Commission (FSC) registration requirements.
Security: In the realm of cryptocurrencies, security is crucial. Search for exchanges with robust security features like two-factor authentication (2FA), cold storage of funds, and recurring security audits. A good exchange ought to have insurance protection against any losses from security flaws.
User Interface and Experience: Review the exchange’s user interface and overall experience. It need to be simple to use and navigate. Trading and maintaining your assets can be easier with a well-designed platform.
Supported Cryptocurrencies: Check to see if the exchange provides a range of cryptocurrencies that align with your investment objectives. While some exchanges might just have a little selection, others might provide a large number of choices.
Liquidity: High liquidity makes it possible to acquire or sell cryptocurrencies at market rates with little to no price dilution. To determine the exchange’s liquidity, look at its trading activity.
Fees: Look over the exchange’s charge schedule. For trading, withdrawals, and deposits, look for straightforward and affordable fees. Additionally, several exchanges give high-volume traders fee discounts.
Customer service: If you experience problems with your account or transactions, dependable customer service is crucial. Utilize the exchange’s available channels to gauge the customer support staff’s responsiveness.
Mobile App: If you like to trade while you’re on the go, find out if the exchange has a mobile app. Your trading experience can be improved with a well-designed mobile app.
Reviews and reputation: Read reviews, investigate forums and social media to learn more about the reputation of the exchange. Look for comments from other users on how they found the exchange.
Here is List of Best Crypto Exchanges In Taiwan
- MaiCoin Max
20 Best Crypto Exchanges In Taiwan In 2023
The derivatives trading platform Bybit is situated in Singapore and provides a variety of order types, including spot, futures, options, and margin trading. Due to the lack of KYC (identity verification) regulations and the abundance of trading tools, it has grown in favor among traders. Bybit offers up to 100x leverage for both spot trading and trading in perpetual futures. Both rookie and professional traders find it to be a desirable option due to its user-friendly interface. The exchange provides a wide range of functionality, such as lending and borrowing services, staking, and more.
A team led by blockchain expert Star Xu created the Hong Kong-based cryptocurrency exchange OKX in 2017. It is among the most active exchanges in terms of trading volume and offers a variety of trading opportunities, such as spot and margin trading, perpetual futures, options, and derivatives. The exchange gives traders access to limit, market, and stop orders, as well as leverage of up to 100x on its futures contracts.
Changpeng Zhao, a software developer with a background in finance, launched Binance, a cryptocurrency exchange with headquarters in Malta, in 2017. It provides a wide range of trading alternatives, such as spot and margin, futures, and options, and is presently the largest cryptocurrency exchange in the world based on trade volume. With a host of services and even its own blockchain network, BNB chain, and currency, BNB, which can be staked to reduce fees for users, Binance has a lot to offer.
Founded in Taiwan in 2014 by Stanford University alumnus Alex Liu, MaiCoin Max is a cryptocurrency exchange. It is the first cryptocurrency exchange to receive a license from the Taiwanese government and offers customers access to over 30 crypto assets as well as a range of trading options, including spot and margin trading. User security is a top priority for MaiCoin Max, which has put advanced security measures in place, like multi-factor authentication and biometric verification.
Michael Gan established the Seychelles-based cryptocurrency trading platform KuCoin in 2017. It provides a wide variety of trading choices, such as futures, options, spot trading, and margin trading. The exchange is well renowned for being the first platform to list altcoins, memecoins, NFT coins, Metaverse coins, etc. It supports over 600 different crypto currencies. Along with other features including staking, loan services, and an NFT marketplace, it also provides a mobile trading app.
The American-based exchange Kraken has a reputation for dependability and great transparency. For a variety of reasons, Kraken, one of the biggest cryptocurrency exchanges in the world, performs better than smaller exchanges.
To begin with, Kraken’s fees are far cheaper than those of the majority of other exchanges, with the majority of users paying just 0.16% each transaction (fees drop to 0% for big volume traders). The spreads on Kraken are likewise ridiculously tiny, usually about $0.10 per Bitcoin, or 0.0003%. It is simple to understand why Kraken is such a well-liked exchange when compared to other exchanges, which frequently levy trading charges of up to 2% in addition to spreads of 2% or higher.
Without paying any trading commissions, Capital enables users to trade cryptocurrencies alongside stocks, commodities, currency, market indexes, ETFs, and more. Users can trade with 2x leverage on cryptocurrencies (up to 500x leverage on other assets) and it supports more than 100 cryptocurrencies.
As a result of Capital’s tight spreads, which range from 0.1% to 0.3% (depending on the asset), using the platform costs very little overall (0% trading commissions plus 0.1% to 0.3% spreads). It features a PC platform that is completely functional, a mobile app that is highly regarded (4.7/5 on iOS and Android), and a great demo account where you can practice trading with real assets in real time. The Australian Securities and Investments Commission (ASIC) and the UK’s Financial Conduct Authority (FCA) have granted Capital licenses, making it a reliable
One of the biggest and most established cryptocurrency exchanges in the world, Bitstamp caters to seasoned traders and has over 4 million active customers globally. It offers a variety of payment methods, including credit or debit cards, SEPA transfers, and cheap fees ranging from 0.1% to 0.5%.
Large financial organizations like Swissquote, Chicago Mercantile Exchange, and Crédit Agricole are partners with Bitstamp. Your valuables are fully insured by Bitstamp and kept secure offline, in cold storage. Both hot and cold storage are available from Bitstamp.
A cryptocurrency exchange called CEX.io was established in 2013 and is accessible anywhere. It is situated in the United Kingdom. It can be used by investors and traders to borrow, sell, and earn different cryptocurrencies.
For seasoned cryptocurrency traders, there are many tradable assets and sophisticated trading instruments accessible. On the other side, beginners could become overwhelmed by the platform’s abundance of advanced features.
The NYDFS oversees Gemini, a cryptocurrency exchange with headquarters in New York. Over 50 cryptocurrencies are currently supported by Gemini, including some of the largest ones including Bitcoin, Ethereum, Litecoin, and Bitcoin Cash.
The MyPortfolio dashboard, from which you can manage all of your transactions and view the history of all of your trades, and the ActiveTrader platform, which is perfect for seasoned cryptocurrency investors searching for advanced charting tools, different order types, and block trading, are some of Gemini’s best features.
Prague, Czech Republic-based Changelly is a non-custodial cryptocurrency exchange service. It was founded in 2016, but instead of acting as a wallet (you must link a wallet before you can buy cryptocurrency), it indexes several exchanges to find you the best prices for your cryptocurrency.
Changelly, a cryptocurrency exchange with over 3 million monthly customers, is linked with industry heavyweights like Binance and crypto wallets like Trezor and Exodus and offers extremely cheap fees starting at 0.25%. It supports 200 of the most popular cryptocurrencies, including Bitcoin, Ethereum, Ripple, and Litecoin, and as there is no KYC verification required to begin trading, you can sign up using only your email.
A bitcoin trading website called Liquid.com is situated in Tokyo, Japan. It supports over 100 crypto assets in addition to ten fiat currencies, including the USD, JPY, SGD, and HKD. It was established in 2014, and in terms of volume and liquidity, it consistently ranks among the top 10 exchanges worldwide. It allows margin trading with up to 25x leverage on a selection of crypto assets in addition to the spot trading platform.
Liquid is much ahead of many exchanges in terms of fees; for one thing, there are no fees associated with depositing any of the 100+ supported cryptocurrencies or the 10 accepted fiat currencies. You only pay network costs for cryptocurrency withdrawals.
Wide-ranging digital assets are available on Coincheck, which also facilitates trading between cryptocurrencies and fiat currencies. Taiwan has a significant presence for Coincheck.
Because Skilling is a platform that is user-friendly for beginners and makes commodity trading available to everyone, we adore it. On Skilling, you may trade 55 cryptocurrencies, and as the platform is fairly portable, you can use it on your desktop or mobile device.
Skilling’s connectivity with TradingView allows you to chart trade ideas and then transmit them immediately to your trading account, which is one of its best advantages. It also claims a ton of other user-friendly software, such as its proprietary Skilling Trader and the cTrader platform for pros, to make it simple to trade from your phone or browser. Skilling charges a maker and taker fee of 0.1% for each cryptocurrency trade.
We adore AvaTrade because it gives everyone who wants to trade professionally access to robust trading software. More than 800 markets, including forex, equities, commodities, indices, ETFs, bonds, and cryptocurrencies, are available for trading through AvaTrade, a CFD broker.
AvaTrade touts its own custom, award-winning mobile app software, AvaTradeGo, and interfaces with trading platforms including MetaTrader 4 and 5. AvaTrade has been operating since 2006 and is subject to strict regulation in South Africa, the British Virgin Islands, Australia, Australia, and Japan. The costs: There are no trading commissions. Instead, AvaTrade profits on the bid/ask spread. Forex spreads begin at 0.7 pips, while stock spreads begin at 0.13. A swap cost that varies by position size is assessed for positions held over night. A fee for idleness
Exness provides a wide selection of professional-style trading tools and a choice of account types to accommodate traders of all skill levels. While more seasoned traders can utilize the Exness terminal or connect it to the MetaTrader software and trade from there, beginners can benefit from a free demo account or micro-lots for minimal minimum trades.
A mobile app lets you trade while you’re on the road, and Nexo is made to be straightforward. It has the added benefit that any cryptocurrency stored in your account automatically starts to earn interest because every trade is locked in at the rate you see on your screen, protecting you from price slippage.
The spread that Nexo charges for buy and sell transactions is 2%. The storage of coins in your Nexo account is free. Your amount of free withdrawals is determined by your loyalty level, and any additional withdrawals will incur a network cost.
Coinbase, as it is the most widely used public crypto platform. Coinbase provides automatic staking earnings on more than 10 cryptocurrencies with Coinbase Earn, more than 170 cryptocurrencies to trade, and a secure wallet to store your money.
You can trust that any money you put on Coinbase is secure because it is a public firm, and you are using the same platform as over 100 million other customers. Most assets are kept offline in cold storage, and all cash holdings up to $250,000 are insured.
Trading commissions start at 0.6% but decrease as your trading volume increases. Bank transfer deposits and withdrawals are free, however there can be fees for other payment options. Crypto transactions from wallet to wallet are free, but blockchain fees must be paid.
Lin Han started Gate.io in 2013, which is one of the most well-known exchanges in the world. With its headquarters in the Cayman Islands, it boasts more than 12 million users who are registered in 180 nations. With more than 1400 alternatives accessible, it offers the widest range of cryptocurrencies of any controlled exchange (CEX) in the world.
Due to its wide selection of tokens and no-KYC, no-ID signup policy, Gate.io is our team’s pick for the fourth-best exchange in Taiwan. It also offers a trading platform with several features that provides a variety of chances for trading, staking, loans, mining, and even duplicate trading. To further attract to Taiwanese investors, Gate.io also features an NFT marketplace where users may freely build and mint projects.
Our top five for Taiwan includes Bitget, a notable and recent player in the bitcoin exchange market. Bitget, which was founded in the Seychelles in 2020, has rapidly increased its user base to 2 million investors globally. It is renowned for its futures trading, which provides users with up to 100x leverage on a number of cryptocurrency currencies.
It it Legal to Buy Crypto in Taiwan?
In Taiwan, buying and owning digital assets is not specifically prohibited by law, so investing in cryptocurrencies is entirely legal. The Taiwanese government recognizes cryptocurrency as a legal form of money and permits its use as an investment. Businesses are not compelled to accept cryptocurrency as payment because it is not accepted as legal tender.
The Taiwanese Financial Supervisory Commission (FSC) released rules for the regulation of cryptocurrency-related operations in 2019 to stop fraud and safeguard investors. To stop unlawful activities, the standards mandate that cryptocurrency exchanges be registered and that AML measures be put in place. Although it is legal to invest in cryptocurrencies, investors should exercise caution and do their homework before choosing a platform.
What Type of Taiwan Crypto Exchanges are There?
The majority of cryptocurrency users trade on a centralized, international exchange like Binance or Coinbase. There are several types of bitcoin exchanges in Taiwan, though. Here is a list of the most typical types:
Centralised: In a centralised exchange, the service is run by an authority, in this case a business. The entity in the middle holds the funds that you deposit into an account and create. You must go via the central authorities to conduct deals. Binance, the largest cryptocurrency exchange, is an illustration of this kind of system.
Decentralised: There is no centralized authority on decentralized exchanges. Instead, buyers and sellers conduct business directly with one another, with the cryptocurrency trading platforms serving as merely a conduit. No accounts may be made; instead, when a transaction is made, the cryptocurrency is sent from one wallet to another.
Peer-to-peer (P2P): P2P, or peer-to-peer. Even if peer-to-peer exchanges are decentralized, there is still a central organization that serves as the intermediate. When both parties to a transaction have sent money, the central body releases the funds. Each side in a transaction makes the payment.
Conclusion Best Crypto Exchanges In Taiwan
In conclusion, choosing the top cryptocurrency exchange in Taiwan necessitates carefully weighing a number of aspects, including security, user-friendliness, the variety of cryptocurrencies offered, costs, and regulatory compliance. While there are a number of trustworthy cryptocurrency exchanges operating in Taiwan, BitoPro and MaiCoin stand out as two choices that have constantly gained users’ trust.
Both novice and seasoned traders can use BitoPro because of its stable and secure platform and vast selection of cryptocurrencies. Users can have even more confidence thanks to its dedication to abiding by Taiwanese laws. On the other side, MaiCoin is well known for its approachable user interface and significant attention on security. It offers a seamless purchasing, trading, and management experience for those new to the bitcoin world, making it a great option.
The finest bitcoin exchange in Taiwan will ultimately depend on your individual requirements and preferences. Before making your decision, it is important to undertake in-depth research, read user reviews, and take into account your personal trading objectives and level of familiarity with various platforms. Additionally, to guarantee a secure and dependable cryptocurrency trading experience in Taiwan, constantly give priority to security and legal compliance.
Why should utilize a crypto exchange in Taiwan and what are they?
Bitcoin and Ethereum can be purchased, sold, and traded on cryptocurrency exchanges, which are online marketplaces. You can invest in, diversify your portfolio, and access the world of digital assets by using a crypto exchange in Taiwan.
Are crypto exchanges legal in Taiwan?
In Taiwan, cryptocurrency exchanges are legitimate. In order to safeguard investors and deter criminal activity, the Taiwanese government has established regulatory frameworks to oversee the functioning of these platforms.
Which are the best crypto exchanges in Taiwan?
Depending on your needs, the finest cryptocurrency exchanges can vary, but some well-liked choices in Taiwan are BitoEX, MaiCoin, and Max Exchange. To decide which one is ideal for you, do extensive research and read reviews.
Are there any crypto exchanges that support multiple cryptocurrencies in Taiwan?
Yes, a number of exchanges in Taiwan accept a variety of cryptocurrencies, such as Bitcoin, Ethereum, Ripple, and a host of others. For instance, BitoEX provides a range of digital assets for trading.
Are there any fees associated with using crypto exchanges in Taiwan?
Yes, the majority of cryptocurrency exchanges impose fees for a variety of activities, including trading, withdrawals, and deposits. Since these fees might differ greatly amongst exchanges, it’s critical to comprehend their charge structure before beginning.