In Taiwan, you have plenty of options to choose from when it comes to buying cryptocurrency. You can use cryptocurrency exchanges, peer-to-peer platforms, or even Bitcoin ATMs. Each of these options has its own set of pros, cons, and features to consider. Whether you value convenience, privacy, or accessibility, there’s a method for buying cryptocurrency to match your preferences.
This accessibility have made cryptocurrency adoption in Taiwan widespread, opening up opportunities for people to join the digital asset trend.
There are several places where you can buy cryptocurrency in Taiwan:
- Cryptocurrency exchanges: Cryptocurrency exchanges are like online marketplaces where you can do two main things: buy and sell cryptocurrencies. They act as the middlemen, helping people trade digital currencies. When you want to buy some cryptocurrency, you go to these platforms, pick what you want, and pay for it using your regular money. If you already have some cryptocurrency and want to exchange for fiat, you can also use these exchanges to sell it. They offer a variety of features, such as order books, margin trading, and staking. Some of the popular cryptocurrency exchanges in Taiwan include Binance and Huobi.
- Peer-to-peer platforms: On peer-to-peer platforms, you can buy and sell cryptocurrencies directly with other people. These platforms connect buyers and sellers without the need for intermediaries. When you use them, you can talk to others, decide how to pay, and agree on the price. It’s like a more personal way to trade cryptocurrency, and it often means you can get a good deal.This can be a more convenient option than using a cryptocurrency exchange, as you can avoid the fees associated with exchanges. Paxful is a popular peer-to-peer platform in Taiwan.
- Bitcoin ATMs: Bitcoin ATMs are machines that allows you buy and sell cryptocurrencies using cash. These machines work sort of like regular ATMs but are designed for cryptocurrencies. They are a convenient option if you need to buy cryptocurrency quickly, but the fees associated with Bitcoin ATMs are typically higher than those of cryptocurrency exchanges or peer-to-peer platforms.
Best Cryptocurrency Exchange in Taiwan
Here are five crypto exchanges in Taiwan that offer different features for buying crypto.
- BitoPro: BitoPro is a reputable cryptocurrency exchange in Taiwan known for its user-friendly interface and security features. It offers a range of cryptocurrencies for trading and provides a digital wallet for storing assets. BitoPro’s commitment to compliance with local regulations makes it a trustworthy choice for cryptocurrency enthusiasts in Taiwan.
- Binance: Binance is a globally recognized cryptocurrency exchange that serves users in Taiwan. It supports an extensive selection of cryptocurrencies, advanced trading tools, and a user-friendly mobile app.
- Maicoin: Maicoin is a Taiwan-based exchange that offers a straightforward platform for buying and selling cryptocurrencies such as Bitcoin and Ethereum. Maicoin is well-regarded for its ease of use and provides local customer support, making it a preferred choice for those looking for a Taiwan-focused exchange.
- BitoEx: BitoEx is another Taiwan-based cryptocurrency exchange known for its accessibility and user-friendly interface. It offers a variety of cryptocurrencies for trading and provides convenient options for buying digital assets with local currency.
So, while these exchanges provide options for buying crypto in Taiwan, taking the time to research and select the best fit is always a wise approach.
How to Buy Bitcoin in Taiwan
Buying Bitcoin in Taiwan through a cryptocurrency exchange is a straightforward process. Here are the steps involved:
- Select a Cryptocurrency Exchange: Choose a reputable cryptocurrency exchange that operates in Taiwan. Make sure that it accepts users from your region and supports the purchase of Bitcoin. There are many cryptocurrency exchanges in Taiwan, so it is important to choose one that has a good reputation.
- Create an Account: Sign up for an account on the chosen exchange. Provide the required information, such as your email address, password, and, in some cases, identity verification documents.
- Secure Your Account: Secure your exchange account by enabling two-factor authentication (2FA) and following recommended security practices.
- Deposit Funds: Deposit your local currency into your exchange account. You can usually do this through bank transfers or other supported payment methods.
- Search for Bitcoin: Navigate to the exchange’s trading section and search for Bitcoin (BTC) in the list of available cryptocurrencies.
- Place an Order: Choose the amount of Bitcoin you want to buy and place an order. You can select between market orders (buying at the current market price) or limit orders (specifying the price at which you want to buy).
- Review and Confirm: Carefully review your order details; the quantity and price, before confirming the purchase.
- Bitcoin in Your Wallet: Once your order is executed, the Bitcoin will be credited to your exchange wallet. For added security, consider transferring the Bitcoin to your personal wallet.
How to Sell Bitcoin in Nigeria
When it comes to selling Bitcoin for Naira, you want the best, and that’s where Dart Africa shines. With competitive rates and easy-to-use features, it is the top choice for selling Bitcoin. Plus, their customer support is great, making the whole process smooth. If you want to turn your Bitcoin into Naira, Dart Africa is the way to go.
Here are the steps to use Dart Africa’s mobile app:
- Download the Dart Africa app.
- Sign up and finish registering.
- When you first log in, set up a 4-digit PIN for secure transactions.
- On your account page, tap the “Sell Coin” icon.
- Enter the type of coin and how much in dollars you want to trade.
- The rate calculator shows you the value in Naira.
- Tap “Sell Coin Now.”
- You’ll get a wallet address to send your Bitcoin to.
- After you send the Bitcoin, your account will be credited in a few minutes.