Cryptocurrency markets offer an accessible entry point for new investors, with some platforms allowing investments as low as $15 (500 TWD). Unlike traditional stock markets with high barriers to entry, crypto provides opportunities for small-scale investments. However, the decentralized nature of this market also brings risks like scams. Always research thoroughly and understand the risks before investing.
Understanding Cryptocurrency Market Tiers
Before diving in, it's crucial to understand the two primary market tiers:
Primary Market (Project Level)
- Where new cryptocurrencies are created by development teams ("project teams" or "token issuers")
- Higher risk with complex processes
- Best suited for experienced investors ("crypto whales") seeking early-stage opportunities
Secondary Market (Exchange Level)
- Established cryptocurrencies with growth potential trade here
- More stable environment for beginners
- Recommended starting point to learn trading fundamentals
Choosing and Accessing Cryptocurrency Exchanges
Exchanges allow conversion between fiat currencies (like TWD) and cryptocurrencies. While safer than primary markets, they still carry risks.
Top 5 global exchanges by trading volume and liquidity (per CoinMarketCap):
- Binance
- Coinbase Exchange
- Bybit
- OKX
- Upbit
👉 Discover secure trading platforms
For Taiwanese investors, these global platforms present challenges with USD transfers and credit card deposits. Local exchanges often provide better fiat on-ramps.
TWD Deposit Methods
As of April 2024, credit card deposits frequently fail due to Taiwan's strict anti-fraud measures. Recommended approach:
Step-by-Step Deposit Process
Register with a Taiwanese exchange (ACE, MAX, or BitoPro)
- BitoPro typically has fastest bank verification
- MAX requires careful document submission
- ACE often has more complex registration
Transfer TWD to your exchange account
- Use the bank account linked during registration
- Single transfers recommended over multiple small deposits
Convert TWD to stablecoins (USDT/USDC)
- Stablecoins pegged to USD reduce volatility
- USDT is the most widely accepted trading pair
Transfer stablecoins to international exchanges
- Critical step: Verify wallet addresses and blockchain networks
- Example: Transferring USDT from BitoPro to Binance requires matching network selection
👉 Learn about secure crypto transfers
Key Considerations
- Taiwanese exchanges offer fewer coin options than global platforms
- New meme coins and altcoins often debut on international exchanges first
- Always double-check wallet addresses - mistakes can lead to permanent fund loss
FAQ Section
Q: What's the minimum investment amount in crypto?
A: Some platforms accept investments as low as $15 (500 TWD), making crypto accessible to beginners.
Q: Why choose stablecoins for initial purchases?
A: Stablecoins minimize volatility during the learning phase while providing liquidity across exchanges.
Q: How long does exchange verification take?
A: Typically 1-3 business days, with BitoPro often being fastest for Taiwanese users.
Q: Can I trade directly on Taiwanese exchanges?
A: While possible, international exchanges offer more trading pairs and newer coin listings.
Q: What happens if I send crypto to the wrong address?
A: Crypto transactions are irreversible - funds sent to incorrect addresses are generally unrecoverable.