The cryptocurrency market has surged in recent years due to global monetary policies, institutional adoption, and pandemic-driven digital transformation. With Bitcoin briefly touching $60,000 per coin, many Taiwanese investors are exploring entry points into crypto markets. Here are the three most accessible methods for purchasing Bitcoin in Taiwan.
1. Registered Cryptocurrency Exchanges
The safest and most popular method:
"Established exchanges like MaiCoin and BitoEX offer better investor protection with smaller price spreads and more coin options," advises a veteran trader with 5 years of Bitcoin experience.
How it works:
- Register on an exchange platform
- Complete identity verification
- Deposit TWD via bank transfer/ATM
- Place buy/sell orders through the trading interface
Key advantages:
- Regulated platforms
- Multiple payment options
- Diverse cryptocurrency selections
2. Convenience Store Purchases
For those preferring physical channels:
- FamilyMart: Partners with BitoEX
- Hi-Life: Collaborates with MaiCoin
Process:
- Create a virtual wallet with partnered exchange
- Use store kiosks to generate payment slips
- Complete purchase at the counter
3. OTC (Over-the-Counter) Trading
Advanced option for experienced traders:
Peer-to-peer transactions via:
- Bank transfers
- Face-to-face exchanges
- OTC platforms (similar to 8591 or Shopee)
Caution required:
- Higher fraud risk
- Less buyer protection
- Requires technical knowledge
👉 Learn how to secure your Bitcoin investments
FAQ Section
Q: Which method has the lowest fees?
A: Registered exchanges typically offer the most competitive rates.
Q: Can I sell Bitcoin through convenience stores?
A: Currently, only purchase services are available via this channel.
Q: How quickly can I start trading after exchange registration?
A: Most platforms enable trading immediately after account funding completes (usually within 1 business day for fiat deposits).
Q: Is OTC trading illegal?
A: No, but it carries higher risks - always verify counterparties and use escrow services when available.
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Key Considerations When Choosing Your Method
- Security: Exchanges > Convenience Stores > OTC
- Convenience: Convenience Stores > Exchanges > OTC
- Rates: OTC > Exchanges > Convenience Stores
Remember: "The convenience of OTC trades comes with higher vigilance requirements against scams," our expert source emphasizes.