Want to invest in cryptocurrency but unsure how to buy Bitcoin? This guide provides a step-by-step tutorial on purchasing Bitcoin with TWD (New Taiwan Dollar). We'll cover three primary methods, recommend trusted trading platforms, and even explore how to buy Bitcoin at convenience stores in Taiwan.
Bitcoin Buying Methods: Step-by-Step Guide & Fee Breakdown
The three most common ways to buy Bitcoin are:
- Transfer via Taiwanese Crypto Exchange
- Credit Card Purchase
- C2C (Peer-to-Peer) Trading
Below, we compare these methods in detail—including fees, exchange rates, and liquidity considerations.
Method 1: Exchange Transfer (Recommended for Low Fees)
Step 1: Register on MAX Exchange (Taiwan-Based)
- MAX partners with Far Eastern Bank and complies with Taiwanese regulations.
How to sign up:
- Visit the MAX website or download their app.
- Complete Level 1 verification (email/phone) and Level 2 (bank account binding).
👉 Get started with MAX Exchange
Step 2: Deposit TWD
- Bank transfers to MAX are fee-free.
- Navigate to "Wallet" → "TWD" → Deposit.
Step 3: Buy USDT Stablecoin
- Convert TWD to USDT (better liquidity than direct TWD/BTC trades).
- Transaction fee: 0.05%–0.15%.
Step 4: Transfer USDT to Binance
- Use TRC20 network to minimize withdrawal fees (~1 USDT).
- Binance’s trading fee: 0.02%–0.1%.
Step 5: Buy Bitcoin with USDT
- Select BTC/USDT pair, enter amount, and confirm purchase.
Method 2: Credit Card Purchase (Fast but Expensive)
- Pros: Instant, beginner-friendly.
- Cons: High fees (~3.5% with Binance).
Steps:
- On Binance, click "Buy Crypto" → "Credit Card."
- Select USDT, enter TWD amount, and pay.
- Swap USDT for BTC (same as Method 1).
Supported Taiwanese Banks:
- Taishin, Line Bank, Cathay United, etc.
Method 3: C2C Trading (Flexible Payment Options)
- Pros: Low/no platform fees, supports LINE Pay/Apple Pay.
- Cons: Higher risk (verify seller reputation!).
Steps:
- On Binance, go to "C2C Trading."
- Choose BTC/TWD, pick a trusted seller, and complete payment.
| Method | Fee Range | Processing Time | Best For |
|---|---|---|---|
| Exchange Transfer | 0.07%–0.25% | ~10–30 mins | Cost-conscious |
| Credit Card | ~3.5% | Instant | Urgent purchases |
| C2C Trading | Varies | 5–15 mins | Payment diversity |
Where to Buy Bitcoin? Recommended Platforms
Global Exchanges
- Binance: Largest volume (384+ coins), supports TWD.
- Coinbase: User-friendly, high liquidity.
- OKX: Low fees, advanced tools.
Taiwan-Based Exchanges
- MAX: TWD pairs, local bank support.
- BitoPro: 20+ coins, physical offices in Taiwan.
Convenience Store Purchases (7-11, Hi-Life)
- Platforms like MaiCoin/BitoEX allow cash payments at stores.
- Drawback: High markup (not ideal for large investments).
FAQ Section
Q1: What’s the minimum Bitcoin purchase?
A: You can buy fractions (e.g., 0.00000001 BTC ≈ NT$0.02).
Q2: Are Bitcoin transactions reversible?
A: No—once confirmed, they’re permanent.
Q3: How to store Bitcoin safely?
A: Use hardware wallets (Ledger/Trezor) or trusted exchanges.
👉 Explore Bitcoin trading on OKX for competitive rates!
Pro Tip: Dollar-cost averaging (DCA) reduces volatility risks—invest fixed amounts regularly.