XREX Exchange officially launched its TWD (New Taiwan Dollar) services on September 12, enabling seamless deposits, withdrawals, and direct crypto trading in TWD. Partnering with Far Eastern International Bank, XREX ensures user assets are held in fully insured trust accounts, separating client funds from exchange operations for enhanced security and transparency.
XREX: A Beginner-Friendly Fiat-to-Crypto Exchange
Originally focused on cross-border stablecoin transfers and USD services for SMEs, XREX observed growing demand from Taiwanese users as local regulations matured. The new TWD service is rolled out in phases, with Phase 1 catering to retail investors:
- Annual deposit limit: Up to 3 million TWD per account
- No leverage or complex derivatives: Designed for spot trading only
- Direct TWD-to-crypto pairs: Eliminates need for USDT conversions
Supported Trading Features (Phase 1)
- Spot trading (market/limit/conditional orders)
- Fiat-crypto conversions
- Grid trading bots (0.05% fee)
- Short selling (no leverage)
- Collateralized loans
- Yield-earning products
👉 Discover how grid trading maximizes profits in volatile markets
TWD Trading Pairs and Fee Structure
Over 20 cryptocurrencies are available for TWD trading, including:
| Major Cryptos | Stablecoins | Altcoins |
|---|---|---|
| BTC, ETH, XRP | USDT, USDC | MATIC, SOL, ADA |
| BNB, AVAX, DOT | - | SAND, MANA, APE |
Fee Highlights:
- Standard trading: 0.05%–0.2%
- Grid trading: Flat 0.05%
Compliance Note:
Using USD/TWD services triggers a 24-hour cooldown for alternate fiat trading (doesn’t affect deposits/withdrawals).
FAQs
How do I withdraw TWD from XREX?
Link your Taiwanese bank account and submit withdrawal requests via the app. Processing takes 1–2 business days.
Are there deposit/withdrawal fees?
TWD deposits are free; withdrawals incur a small bank processing fee (exact rates vary by institution).
Why choose TWD direct trading?
Avoid USDT conversion fees and market premiums while enjoying deep liquidity for major pairs like BTC/TWD and ETH/TWD.
👉 Learn about risk management strategies for crypto investors
Expanding Taiwan’s Crypto Accessibility
XREX’s TWD integration addresses key pain points:
- Reduced friction: Skip multi-step conversions
- Regulatory compliance: Fully licensed operations
- Institutional-grade security: Bank trust accounts
The exchange plans to introduce:
- Recurring buys
- TWD-denominated yield products
- Expanded educational resources
"Our goal is to make crypto accessible without compromising safety," says the XREX team. Join their Telegram community for updates.
About XREX
Founded in 2018, XREX combines blockchain technology with regulated financial services to empower SMEs and retail users across emerging markets.