MAX Exchange, established in 2018, is Taiwan's first fully regulated cryptocurrency exchange. This guide covers everything from deposit methods to transferring funds to other platforms like Binance.
MAX Exchange Deposit and Withdrawal Process
For Taiwanese investors, converting TWD to crypto involves:
- Depositing TWD into a local exchange (e.g., MAX)
- Purchasing stablecoins (e.g., USDT)
- Transferring to global exchanges (e.g., Binance)
- Trading crypto pairs
👉 Best stablecoins for beginners
How to Deposit into MAX Exchange
Step 1: Account Verification
- Complete Level 2 KYC (ID + proof of address)
- Bind one authorized bank account (Far Eastern Bank only)
Step 2: TWD Deposit
- Log in → Wallet → TWD → Deposit
- Transfer from your bound bank account
- Typical processing: 5-10 minutes
Key Reminders:
- Only transfers from bound accounts are accepted
- Incorrect transfers require manual recovery via support
Withdrawing from MAX Exchange
Step 1: Initiate Withdrawal
- Wallet → TWD → Withdraw
Step 2: Submit Request
- Verify bound bank account
- Enter amount (minimum 100 TWD)
- Processing time: 1-2 business days
Buying USDT on MAX
- Navigate to Trade → USDT/TWD pair
- Enter purchase amount (e.g., 1000 TWD ≈ 32 USDT)
- Confirm transaction
- USDT reflects in wallet immediately
Why Stablecoins?
USDT/USDC provide price stability compared to volatile assets like BTC/ETH, functioning as "crypto dollars" for seamless trading.
Transferring USDT to Binance
Step 1: Prepare Binance Address
- Binance → Wallet → Spot → Deposit
- Select USDT → TRC-20 Network
- Copy deposit address
Step 2: Withdraw from MAX
- Wallet → USDT → Withdraw
- Paste Binance TRC-20 address
- Confirm TRC-20 network (lowest fees)
- Process completes in 10-30 minutes
👉 TRC-20 vs ERC-20 network guide
FAQ
Q: Why can't I deposit from any bank account?
A: MAX requires anti-fraud verification. Only pre-bound accounts are accepted.
Q: What's the minimum USDT purchase?
A: 1 USDT (~30 TWD at current rates)
Q: How long do Binance transfers take?
A: TRC-20 transfers typically complete within 20 minutes.
Q: Can I buy BTC directly on MAX?
A: Yes, but selection is limited compared to global exchanges.
Key Takeaways
- Always verify network type and address before transfers
- TRC-20 offers lowest withdrawal fees
- Keep transaction records for dispute resolution
Pro Tip: Bookmark your frequently used deposit addresses to avoid errors.