Best Crypto Exchanges & Trading Platforms Taiwan - November 2024

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Best Crypto Exchanges in Taiwan For November 2024

Ever thought about investing in the exciting world of trading cryptocurrencies, but unsure where to start? Look no further! If you’re based in Taiwan and looking for a safe and reliable platform to trade digital assets, this guide is for you.

Quick takeaway:

1) OKX (Best overall Crypto wallet and trading platform for buying, holding and selling)

2) Etoro (Another all round top rated platform for Crypto as well as other traditional trading)

3) Avatrade (Best for trading Crypto and traditional trading like CFDs etc)

4) Binance (Popular international Crypto exchange platform)

5) Skilling (Another good app for mobile trading both Crypto and traditional trading)

6) Bitstamp (Best for professionals & trading with APIs)

7) Exness (Ideal for tight spreads and a professional-style trading experience)

We will delve into the best crypto exchanges in Taiwan, considering factors like security, fees, trading options, user-friendliness and pros & cons. Whether you are a seasoned investor or a curious beginner, we will help you find the perfect platform to take your crypto journey to the next level.

7 Best Crypto Exchanges in Taiwan (Curated Picks)

Taiwan’s cryptocurrency market offers diverse platforms catering to different trading needs and preferences. The following exchanges stand out for their robust features, security protocols, and comprehensive trading capabilities:

OKX (Best overall Crypto wallet and trading platform for buying, holding and selling)

OKX Crypto offers a flexible platform catering to the needs of Taiwanese users. With its user-friendly app available in three versions, including a beginner-friendly Lite version, OKX ensures accessibility for all levels of traders. The Pro version caters to seasoned traders with a plethora of advanced features, while the Web3 option appeals to NFT traders. Users can seamlessly trade over 350 cryptocurrencies on either the app or desktop.

OKX provides simple payment methods and prioritizes security, ensuring compliance with Taiwanese regulators. With a wide range of crypto assets for trading, including popular cryptocurrencies and futures, OKX accommodates high trading volumes, contributing to its prominence in the Taiwanese cryptocurrency market.

Pros

• User-friendly and simple design

• Access over 350 cryptocurrencies and NFTs, tradable within a selection of 650+ trading pairs

• Wide array of local payment methods available

• Advanced trading features

• Low fees rate

Cons

• Limited payment options

• Newcomers may feel overwhelmed by the advanced features at first

• Lack of fiat bank withdrawal options

Etoro (Another all round top rated platform for Crypto as well as other traditional trading)

eToro is an excellent choice for traders looking for a reputable, user-friendly, and secure platform with a diverse portfolio of assets and moderate fees. eToro is an excellent alternative for traders of all skill levels due to its commitment to regulatory compliance, excellent customer support options, and flexible deposit methods. The platform accepts not only cryptocurrency, but also traditional stocks and other forms of investment.

eToro is also a regulated and licensed platform, so consumers can be assured that they are safeguarded by regulatory control. The European Securities and Markets Authority (ESMA), CySEC, the Financial Conduct Authority (FCA), and other important regulators oversee and license the platform. This ensures that eToro complies with all applicable rules and regulations, giving users the security and peace of mind they need to trade confidently.

Pros

• Provides lots of powerful functionality for traders
• Has a unique “copy trading” feature that allows you to copy trades of other users on the platform
• Has social networking functionality built in to enable you to interact with other users and learn more
• Supports copy trading for crypto and stocks

Cons

• Can be complicated and overwhelming for new users
• It can be challenging to choose the appropriate trader to copy
• A limited number of cryptocurrencies are available
• Fees and spreads may be higher than those found on crypto exchanges.

AvaTrade (Best for trading Crypto and traditional trading such as CFDs)

AvaTrade is recognized as one of the top Cryptocurrency exchanges supporting Taiwan, offering a platform for traders to engage in crypto trading. AvaTrade distinguishes itself as a CFD (Contract For Difference) broker, offering access to a diverse range of over 800 markets. This includes opportunities to trade in forex, stocks, commodities, indices, ETFs, bonds, and cryptocurrencies, providing traders with ample options to diversify their portfolios and pursue their investment goals.

With a wide range of products, including forex, indices, shares, ETFs, commodities, and cryptocurrencies, AvaTrade caters to the needs of both beginner and experienced traders. Additionally, it has earned recognition as the best online broker in Taiwan, offering reliable services and favorable trading platforms.

Pros

• Trade over 19,000 assets across diverse markets

• Multi-regulated security

• User-friendly platform for trading

• Top-rated trading experience on both web and mobile platforms

• Comes with social trading features

• Has options for different types of trading beyond just Cryptocurrency

Cons

• Requires a $100 minimum deposit requirements to start trading

• Fewer advanced features

• Doesn’t have functionality for Cryptocurrency wallets to buy and hold Crypto assets can only be used for trading

Binance (Popular international Crypto exchange)

Binance stands as a premier crypto platform, pivotal in Taiwan’s vibrant crypto landscape. With over 30 million active users globally, it offers access to 350+ cryptocurrencies, catering to both novice traders and seasoned investors. Through its user-friendly interface and Binance app, Taiwanese users seamlessly navigate trading, staking, and accessing crypto loans. Moreover, Binance provides derivative markets, enabling traders to leverage up to 100x, while adhering to stringent security methods to safeguard transactions and assets.

Its tiered maker fee system and withdrawal options via debit cards enhance user experience, fostering trust among Taiwanese investors. As one of the most popular exchanges, Binance continues to shape Taiwan’s crypto ecosystem, fostering growth and innovation within the digital assets realm.

Pros

• Supports over 360 coins

• High liquidity

• Binance comes with its low tread fee

• Multiple trading pairs are available

• Available globally

Cons

• Slow customer support

• Features and trading options are overwhelming for beginners

Skilling (Another good app for mobile trading both Crypto and traditional trading)

Skilling stands out as a premier option for mobile trading, offering a user-friendly interface and robust features tailored for seamless trading experiences on smartphones and tablets. With its mobile trading app, traders can execute trades effortlessly while enjoying global access to multiple markets. The platform’s commitment to accessibility extends to its desktop version, making stock trading accessible to both beginners and experienced traders alike.

Skilling’s reputation for excellence is reinforced by its advanced trading platforms like Metatrader 4, ctrader, and competitive spreads, ensuring traders have access to the range of trading tools they need for success. Furthermore, its dedication to providing a seamless trading experience without fees cements its position as a top choice among crypto exchanges in Taiwan.

Fees: Skilling charges a maker and taker fee of 0.1% for each cryptocurrency trade, making it competitive in the market.

Pros

• User-friendly interface and instant account verification

• Enjoy commission-free trades and competitive spreads starting from 0.7 pips

• Invest in over 800 assets across 17 diverse markets.

• Easy-to-use web and mobile trading platform

Cons

• Educational resources might be limited for beginners

• Mixed trading fees

Bitstamp (Best for professionals & trading with APIs)

Bitstamp, established in 2011, is a leading crypto platform renowned in Taiwan. It facilitates trading on 75+ cryptocurrencies including Bitcoin, Ethereum, and Litecoin. Notably, it employs staking mechanisms to empower users. The platform prides itself on security, storing 95% of assets in cold storage. Bitstamp offers a sliding scale of fees, appealing to both high-volume traders and novices. Its commitment to providing the best rates has solidified its reputation in the crypto market.

Bitstamp ensures a safe trading environment for Taiwanese investors. With seamless transactions and a diverse range of digital assets, Bitstamp stands as a preferred choice for both seasoned crypto investors and newcomers in Taiwan’s vibrant crypto landscape.

Pros

• Low trading fees and ample liquidity

• No spreads

• Supports multiple virtual currencies

• Easy to use

• Powerful mobile app

• Regularly produces content on their blog

Cons

• No live chat for customer support

• Complicated verification process

• Sending money internationally via wire transfer typically takes 2 to 5 days to go through.

Exness (Ideal for tight spreads and a professional-style trading experience)

Exness stands out as one of the best crypto exchanges and comes with a bespoke trading experience in Taiwan. It offers access to over 35 cryptocurrencies, including popular options like Bitcoin, Ethereum, and Litecoin. Catering to all experience levels, Exness provides a variety of account types, ensuring suitability for both beginners and advanced users.

The platform also offers a free demo account, allowing users to familiarize themselves with crypto trading before committing to real funds. With support for MetaTrader software, Exness enhances trading capabilities for advanced users.

As a leading digital currency financial institution, Exness facilitates crypto transactions securely and efficiently. Overall, Exness provides a comprehensive range of trading options, making it a go-to choice within the cryptocurrency industry.

Pros

• Low trading costs

• Swap free instruments

• Access a versatile trading terminal on mobile, desktop, and web browsers

• There are no charges for inactivity on inactive accounts.

Cons

• Geographical limitation: clients residing in the USA and Europe are not accepted

• Limited range of markets

• No bonuses & promotions

Other options you may want to consider:

1. Max (MaiCoin)

Max emerges as a premier crypto exchange in Taiwan, distinguished by its:

• Low transaction fees
• Extensive cryptocurrency selection
• User-friendly interface
• Strong regulatory compliance

Feature	Detail
Trading Fees	0.15% – 0.30%
Supported Cryptocurrencies	50+ digital assets
Deposit Methods	Bank transfer, credit card

2. BitoPro

BitoPro provides Taiwanese traders with a secure and advanced trading environment:

• High-security infrastructure
• Intuitive platform design
• Professional-grade trading tools
• Local regulatory adherence

Feature	Detail
Trading Fees	0.20% – 0.25%
Security Levels	Multi-factor authentication
Supported Networks	Multiple blockchain networks

3. Ace Exchange

Ace caters specifically to professional traders seeking sophisticated trading experiences:

• Advanced trading instruments
• Deep market liquidity
• Comprehensive analytical tools
• Competitive spread rates

Feature	Detail
Trading Fees	0.10% – 0.25%
Leverage Options	Up to 1:100
Asset Variety	Crypto, derivatives

What To Look For In A Great Taiwanese Crypto Exchange

Choosing the right Taiwanese crypto exchange is crucial for a safe and smooth trading experience. Here are some key factors to consider:

Regulation and Security:

• Licensing and Compliance: Ensure the exchange is licensed and regulated by the Financial Supervisory Commission (FSC) of Taiwan. This ensures adherence to Anti-Money Laundering (AML) and know-your-customer (KYC) regulations, safeguarding your funds and personal information.

• Security Measures: Look for robust security features like two-factor authentication (2FA), cold storage for a majority of user funds, and regular security audits by reputable firms.

Trading Features and Support:

• Supported Cryptocurrencies: Consider the variety of cryptocurrencies offered by the exchange, including popular options like Bitcoin, Ethereum, and stablecoins, as well as any unique offerings specific to the platform.

• Trading Options: Assess the available trading options, such as spot trading, margin trading, and staking, to suit your investment strategies.

• Trading Fees: Compare the trading fees (maker/taker fees) charged by different exchanges. Look for exchanges with competitive fees, especially if you plan on frequent trading.

• Customer Support: Ensure the exchange offers reliable and responsive customer support in case you encounter any issues. Look for multiple support channels, such as live chat, email, and phone support.

Additional Considerations:

• User Interface (UI) and User Experience (UX): A user-friendly and intuitive interface is essential for smooth navigation and trading.

• Payment Methods: Verify the payment methods supported by the exchange for depositing and withdrawing funds, including bank transfers, credit/debit cards, and e-wallets.

• Reputation and Reviews: Research the exchange’s reputation online by reading user reviews and checking independent media reports.

By carefully considering these factors, you can choose a reputable and secure Taiwanese crypto exchange that meets your individual needs and facilitates your cryptocurrency trading journey.

Final Thoughts & Conclusion

Selecting the best cryptocurrency exchange in Taiwan requires careful consideration and research. Traders must prioritize platforms that offer robust security robust security comprehensive features and align with their individual investment strategies.

The dynamic crypto landscape in Taiwan continues to evolve with regulatory support from the Financial Supervisory Commission. This environment encourages innovation and provides investors with increasingly sophisticated trading tools and platforms.

Investors should remain adaptable and continuously evaluate their chosen exchange’s performance fees and security measures. By staying informed and maintaining a strategic approach they can navigate the complex world of cryptocurrency trading with confidence and potential for success.

Frequently Asked Questions (FAQ)

What is a cryptocurrency exchange?

A cryptocurrency exchange is a platform that allows you to purchase, sell, and trade cryptocurrencies. It serves as a mediator between buyers and sellers, similar to a stock exchange.

Are cryptocurrency exchanges allowed in Taiwan?

Cryptocurrency exchanges are legal in Taiwan. The government has implemented laws to ensure that exchanges follow anti-money laundering (AML) and know your customer (KYC) policies.

What bitcoin exchanges are popular in Taiwan?

BitoEX, MaiCoin, and Cobinhood are among Taiwan’s most popular cryptocurrency exchanges.

How can I make a deposit into a bitcoin exchange in Taiwan?

Bank transfers, credit/debit cards, and cryptocurrency transfers are common methods for depositing funds into a cryptocurrency exchange in Taiwan.

Are there any costs for utilizing bitcoin exchanges in Taiwan?

Yes, Taiwanese cryptocurrency exchanges may impose fees for transactions, withdrawals and deposits. These fees may differ depending on the exchange and kind of transaction.

How can I assure that my assets are secure on a bitcoin exchange in Taiwan?

To protect your assets, choose exchanges that employ strong security methods such as two-factor authentication (2FA) and cold storage for cryptocurrency.

What should I do if I have problems with a bitcoin exchange in Taiwan?

If you have problems with a bitcoin exchange in Taiwan, contact their customer service for help which can usually be by email, live chat or support ticket within the app or website.

Are there any tax ramifications for trading cryptocurrency on Taiwanese exchanges?

Yes, trading cryptocurrencies in Taiwan may result in tax consequences. To further understand your tax obligations, speak with a tax specialist.

Can foreigners access bitcoin exchanges in Taiwan?

Yes, foreigners may use cryptocurrency exchanges in Taiwan. However, they may be required to comply with specific regulatory obligations, such as submitting identification documents.

How is crypto taxed in Taiwan?

In Taiwan, cryptocurrency gains are classified as “income from property transactions” under the Income Tax Act. Profits from non-regular crypto trading are taxable, with rates varying based on individual income levels. Traders must report their crypto transactions and capital gains annually. The tax rate can range from 5% to 45%, depending on the total income. Individuals are required to declare cryptocurrency earnings and pay appropriate taxes to maintain compliance with Taiwan’s financial regulations.

What is the most used e-wallet in Taiwan?

LINE Pay dominates Taiwan’s mobile payment market, accepted at over 520,000 locations nationwide. As of 2024, it leads in merchant coverage, market share, and user adoption. The e-wallet supports payments in restaurants, shopping malls, public transport, and various service industries. Its seamless integration with the popular LINE messaging app and user-friendly features have made it the preferred digital payment solution for Taiwanese consumers, offering convenience and widespread accessibility.

Disclaimer:

Crypto & CFD assets can be highly volatile unregulated investment products and like any type of investment can increase or decrease in value. By no means is this article designed to be financial advice. While we vet each platform we mention on our website and provide regular content updates, we recommend that you conduct extensive research before making investment decisions, form your own opinion, and invest only what you can afford to lose because there is no such thing as a guarantee in investing.

Factors taken into consideration when writing this article:

• Check each platform to see what type of security features they offer such as anti-phishing codes, 2FA codes and overall reputation for handling cyber security per industry best practices.
• User friendly platform interfaces to ensure the platforms are easy to understand for beginners.
• We collected relevant data on each exchange, which included visiting each exchange’s website, reading user reviews, and looking for recent news or events relating to the exchange.
• Checked each platform to see what types of coins and assets they supported.
• Ensured each exchange was an established company that has been running for sometime.

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