Buy Crypto & Bitcoin in Taiwan

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  • Popular Exchanges to Buy Crypto & Bitcoin in Taiwan
  • Coinmama exchange logo
    Coinmama
    • Works in almost all countries
    • Highest limits for buying bitcoins with a credit card
    • Reliable and trusted broker
    BUY NOW at Coinmama's Secure Site
  • cexio exchange logo
    CEX.io
    • Support for many countries and regions
    • SEPA & credit card supported
    • Trusted exchange around since 2013
    BUY NOW at CEX's Secure Site

BitpandaBitpanda
Buy Now at Bitpanda's Secure Site

Bitpanda is a Bitcoin broker based in Europe.

They have high payment limits and low fees across their wide range of payment methods.

Bitpanda offers customers the option to buy bitcoins with credit card, debit card, SOFORT, Skrill, NETELLER, giropay, eps, SEPA, and Online Bank Transfer.

Our guide will show you how to buy bitcoins with a credit card on Bitpanda.

Pros
  • Some of the lowest fees for buying bitcoins with credit/debit card
  • Reliable and trusted broker
Cons
  • Fees aren't shown openly on the site but instead included in the buying price
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Ease of Use
Easy
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Privacy
Low
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Speed
Fast
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Fees
Low
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Reputation
Trusted
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Limits
High
Buy Now Read Review

Buy Now at Coinmama's Secure Site

Coinmama allows customers in almost every country to buy bitcoin. They charge a 4.9%-5.9% (depends on volume) fee on each purchase.

Customers in Europe can also purchase bitcoins with SEPA transfer for a lower fee.

Want to buy using Coinmama? This step-by-step guide will show you how to use Coinmama.

Pros
  • Works in almost all countries
  • Highest limits for buying bitcoins with a credit card
  • Reliable and trusted broker
Cons
  • Some of the highest fees among credit/debit card bitcoin brokers
ease icon
Ease of Use
Easy
privacy icon
Privacy
Low
speed icon
Speed
Fast
fees icon
Fees
Average
reputation icon
Reputation
Trusted
limits icon
Limits
High
Buy Now Read Review

Buy Now at Paybis's Secure Site

Paybis is a popular cryptocurrency exchange. They serve 180 countries and 48 US states and are registered with FinCEN, making them a more trusted, regulated exchange. Paybis offers incredibly high limits and super fast payouts, not to mention 5 minute ID verification and nearly perfect review scores on Trustpilot.

Pros
  • 24/7 live support
  • Extremily high limits
  • 5 Minute verification
  • Get payouts fast
  • Large selection of payment methods
Cons
  • No traditional orderbook for advanced traders
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Ease of Use
Easy
privacy icon
Privacy
Low
speed icon
Speed
Average
fees icon
Fees
Low
reputation icon
Reputation
Trusted
limits icon
Limits
High
Buy Now

MaiCoinMaiCoin
Buy Now at MaiCoin's Secure Site

MaiCoin is the largest Bitcoin exchange in Taiwan. Customers can deposit funds via cash payment at any Taiwanese ATM, 7-Eleven ibon terminal, or bank counter. Online, clients may pay via bank transfer. MaiCoin also accepts payments from post offices.

Pros
  • Fast way to buy bitcoin in Taiwan
  • No fees; only bank transfer fees apply
  • Daily limit of $500,000 NTD may be raised on request
  • 7-Eleven ibon method is fairly private; requires only your mobile phone number
Cons
  • Process for buying with cash may be slightly confusing the first time
  • Verification required for most methods; not private
ease icon
Ease of Use
Average
privacy icon
Privacy
Low
speed icon
Speed
Average
fees icon
Fees
Low
reputation icon
Reputation
Trusted
limits icon
Limits
Average
Buy Now

Buy Now at BitoEX's Secure Site

BitoEX is a Bitcoin company based in Taiwan. It allows users to purchase bitcoins at 5,000 FamilyMart convenience stores across Taiwan.

Pros
  • Fast way to buy bitcoin in Taiwan
  • Very low cash purchase charges; 1% BitoEX fee and 25 TWD FamilyMart rate
  • Fairly private purchase method, requires only your mobile phone number
Cons
  • Process may be slightly confusing the first time
  • 20,000 TWD buying limit per phone number
ease icon
Ease of Use
Average
privacy icon
Privacy
Average
speed icon
Speed
Average
fees icon
Fees
Low
reputation icon
Reputation
Trusted
limits icon
Limits
High
Buy Now

Buy Now at Bitcoin ATMs's Secure Site

You can use our Bitcoin ATM map to buy bitcoins with cash. Bitcoin ATMs can be a quick and easy way to buy bitcoins and they're also private. That convenience and privacy, however, comes with a price; most ATMs have fees of 5-10%.

Pros
  • Our map makes it super easy to find a Bitcoin ATM near you
Cons
  • Bitcoin ATMs often have 5-10% fees per purchase
Buy Now

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Bitcoin & Cryptocurrency Trading in Taiwan


Taiwan boasts one of the most advanced and futuristic economies in the world. It has a focus on manufacturing, tourism, financial services, but also tech. It does, however, live in the shadow of China, which claims it as its own territory and is, like Hong Kong, always under threat of being invaded or controlled by China.

For this reason, Taiwanese residents are very aware of the need to remain independent and safe from the jackboots of foreign and domestic rulers in anyway they can. Taiwan has, therefore, come a long way in embracing Bitcoin and appears to have a bright future when it comes to fostering a growing environment for the king of cryptocurrencies.


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Taipei, the capital of Taiwan and a bright beacon for Bitcoin

One of the easiest ways to buy Bitcoin in Taiwan is through cryptocurrency exchanges, outlined above. There are several exchanges offering Bitcoin in Taiwan, and you can easily select one based on your requirements and preferences using our guide. Different exchanges have different transaction fees, withdrawal limits, payment modes, and verification processes that need to be kept in mind before users select one.

Additionally, Bitcoin buyers need to keep in mind the fact that certain exchanges might require them to get a wallet of their own before they are able to buy the digital currency. Also, it is recommended to have a wallet of your own for security reasons, preferably a hardware wallet. If you don’t have a wallet, refer to our guide on the Best Bitcoin and Cryptocurrency Wallets to choose one.


COMPARISON

ledger nano x folded

Ledger Nano X

  • SCREEN:
  • RELEASED: 2019
  • PRICE: $145
ledger nano s illustration

Ledger Nano S

  • SCREEN:
  • RELEASED: 2016
  • PRICE: $72
trezor model T

TREZOR T

  • SCREEN:
  • RELEASED: 2018
  • PRICE: $189
Trezor One

TREZOR One

  • SCREEN:
  • RELEASED: 2013
  • PRICE: $79

Another way to buy Bitcoins in Taiwan is through automated teller machines (ATMs). These ATMs allow users to instantly purchase and sell cryptocurrency using cash, however most of them require at least a phone number, so they aren't totally private.


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Top Bitcoin & Cryptocurrency Exchanges in Taiwan


Taiwan has access to many large Bitcoin and cryptocurrency exchanges.

Have a look at our favorites below:

  • Popular Exchanges to Buy Crypto & Bitcoin in Taiwan
  • Coinmama exchange logo
    Coinmama
    • Works in almost all countries
    • Highest limits for buying bitcoins with a credit card
    • Reliable and trusted broker
  • cexio exchange logo
    CEX.io
    • Support for many countries and regions
    • SEPA & credit card supported
    • Trusted exchange around since 2013

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Best Bitcoin Wallets for Taiwan



There are three main types of Bitcoin wallet and all of them are supported in Taiwan:

  • Software (desktop or mobile - iOS and Android wallets
  • Hardware wallet
  • Cold-storage (paper or steel wallets, the latter of which are used to backup your main wallet.

Best for Security

ledger nano x

Ledger Nano X

Secure storage for any cryptocurrency

More About
Ledger Nano X

The Ledger Nano X is the newest crypto hardware wallet, and is very easy to use. It connects to iOS, Android & desktop computers.

Temporary Wallet

zengo wallet logo

Zengo

Best for storing crypto for short period of time

More About
Zengo

ZenGo is an easy-to-use iOS and Android Bitcoin & crypto wallet. Start within 20 seconds.

Best for Desktop

electrum logo

Electrum

Simple yet powerful desktop wallet

More About
Electrum

Electrum is a Bitcoin-only wallet that has been around since 2011. It's easy to use, but has advanced features.


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Ethereum How to Buy Ethereum in Taiwan


Ethereum (ETH) has established itself as the second most popular digital currency, after Bitcoin. Its smart contract features allow unique apps to be built on top of its platform. Below you will find exchanges in Taiwan that allow you to buy ethereum. Once you buy, you should withdrawal your ETH directly to your own crypto wallet.


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Dogecoin How to Buy Dogecoin in Taiwan


Thanks to Tesla founder Elon Musk, Dogecoin (DOGE)—a coin that started as a meme about the shiba inu dog—has recently become a popular digital currency. Below you can find crypto exchanges in Canada that allow you purchase Dogecoin.

  • Exchanges in Taiwan that Support Dogecoin
  • Bitpanda
    • Supports Dogecoin buying & selling
    • Coins supported:
    • Dogecoin btc eth ltc usdt
    BUY Dogecoin NOW at Bitpanda's Secure Site

About Dogecoin: Dogecoin has become one of the most famous altcoin blockchains. Dogecoin was founded by Jackson Palmer and Billy Markus on December 6, 2013. Thanks to its popularity on Robinhood, it hit an all time high of $0.42 on April 20. Doge started the year at under $0.01 USD. It is an open source blockchain, meaning its code is publicly available for anyone to see.


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Litecoin How to Buy Litecoin in Taiwan


Litecoin (LTC) is one of largest cryptocurrencies by market cap. Below you can find a list of brokerages in Taiwan that allow you to buy litecoin and other crypto assets for good exchange rates.


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Exchange Hacks and Crypto Scams in Taiwan


Binance Hack

In May of 2019, Taiwanese based exchange Binance (the worlds largest crypto exchange) had $40 million of Bitcoin hacked from its wallets.

Hackers were able to penetrate an undisclosed security loophole in Binance's safeguards.


binance hack headline

More interesting than the hack itself was Binance's initial response to the hack. Specifically the response of CZ, the founder.

He initially talked about re-orging the Bitcoin blockchain in order to get the funds back. A re-org involves orphaning blocks that are undesirable to the attacker, therefore CZ was effectively claiming he would attack the Bitcoin blockchain for the greater good of returning the $40 million in stolen Bitcoin.

However, this would have been impossible for him to do, since this is exactly the kind of behavior Bitcoin is designed to prevent - censoring transactions with proof-of-work.

After this was pointed out to CZ, his response was dismissive, claiming that he simply decided he would not re-org the Bitcoin blockchain. You can see the full thread on twitter here:



Many of the responses looked something like this:



Taiwanese Bitcoin Ponzi

In January of 2019, a 47-year-old man along with 6 other Taiwanese nationals were arrested in connection with a Bitcoin investment ponzi scheme that had amassed $51 million in investment from over 1000 Taiwanese and Chinese citizens.

The scammers promised investors 355% returns over one year. Unfortunately for the investors, the invested Bitcoin would be stolen and never returned.


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FAQ


Does Coinbase work in Taiwan?

Coinbase ONLY allows crypto-to-crypto conversions for Taiwanese residents as of September of 2020.


Where Can I Find a Bitcoin ATM in Taiwan?

You can use our Bitcoin ATM finder tool to find the one nearest you.

What is the price of Bitcoin in Taiwan?

Bitcoin prices are changing every second.

The best way to find the most up-to-date price of Bitcoin is to check out our Bitcoin price page.

Are there any Bitcoin OTC desks in Taiwan?

Both Kraken and Maicoin provide OTC large bitcoin buy orders for Taiwanese residents.

How do I cash out of Bitcoin in Taiwan?

Any exchange with a Taiwanese Dollars trading pair will allow you to sell your Bitcoin for fiat currency. Maicoin has TWD trading pairs for many popular coins.

As mentioned previously, you can also use automated teller machines (ATMs) to buy Bitcoin.

LocalBitcoins is another option. Here, you can buy and sell Bitcoin for a wide range of payment methods, from gift cards to bank transfers. LocalBitcoins is a peer-to-peer (P2P) exchange, where you buy and sell with another individual. This does introduce a degree of risk, though by ensuring that you conduct all business on the platform, make use of its escrow services, and only trade with users who have a good reputation, you'll minimize any potential problems.

You could also use a service like eGifter to sell your Bitcoin for gift cards.

About the Author: Jordan Tuwiner

author

Jordan Tuwiner is the founder of BuyBitcoinWorldwide.com. His work has been featured in The Guardian, International Business Times, Forbes, VentureBeat, CoinDesk and many other top Bitcoin media outlets. His articles are read by millions of people each year looking for the best way to buy Bitcoin and crypto in their country.

He has also written extensively about the history, technology, and business of the crypto world. Jordan is also the creator of some of the internet's most famous Bitcoin pages, including The Quotable Satoshi and Bitcoin Obituaries.

To learn more about Jordan, see his full bio.