Binance to TWD Conversion Guide: Step-by-Step Process for Withdrawing Crypto to New Taiwan Dollars

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Introduction

Converting cryptocurrency to fiat currency is a fundamental skill for any crypto investor. This guide walks you through the seamless process of withdrawing USDT from Binance to MAX exchange and converting it to New Taiwan Dollars (TWD) within minutes.

Step 1: Copy Your MAX Wallet Address

  1. Open the MAX mobile app and navigate to:
    Wallet → USDT → Receive
  2. Select "Show Address (BSC)"
  3. Tap "Copy Address" to save your BEP-20 compatible wallet address

Step 2: Initiate Withdrawal from Binance

  1. In Binance App:
    Funds → Spot → USDT → Withdraw
  2. Choose "Send via Crypto Network"
  3. Paste your MAX wallet address (system auto-detects BEP20 network)
  4. Enter withdrawal amount (minimum 10 USDT)
    Note: Fixed 0.29 USDT network fee applies

Step 3: Complete Security Verification

  1. Confirm transaction details

  2. Complete dual authentication:

    • Email verification code
    • SMS verification code
  3. Submit for processing (typically completes within 2-5 minutes)

Step 4: Convert USDT to TWD on MAX

  1. Navigate to: Trade → TWD/USDT

  2. Select:

    • Order Type: Market
    • Action: Sell
    • Amount: [Your full USDT balance]
  3. Confirm sale (instant execution)

Step 5: Withdraw TWD to Bank Account

  1. Go to: Wallet → TWD → Withdraw
  2. Enter amount (minimum 100 TWD)

  3. Submit request:

    • Before 11:00 AM → Funds arrive by 5:00 PM same day
    • After 11:00 AM → Funds arrive by 5:00 PM next day

Key Considerations

✅ Network Selection: Always use BEP20 (BSC) for lowest fees
✅ Timing: MAX processes TWD withdrawals twice daily
✅ Tax Implications: Taiwan requires capital gains reporting for crypto-to-fiat conversions

FAQ Section

Q1: Why is BEP20 the recommended network?

BEP20 transactions on Binance Smart Chain offer faster confirmation times (1-3 blocks) and significantly lower fees (0.29 USDT fixed) compared to ERC20 (Ethereum network).

Q2: What's the minimum withdrawal amount from Binance?

Binance requires minimum 10 USDT for BEP20 withdrawals. For MAX conversions, you'll need at least 100 TWD to withdraw to your bank account.

Q3: How long do funds typically take to transfer?

👉 Compare crypto exchange fees
👉 Best practices for crypto tax reporting

Pro Tip: Maintain a transaction log including: