The cryptocurrency landscape in Taiwan is rapidly evolving, with increasing government support and clearer regulatory frameworks. This guide provides an in-depth look at the leading digital asset trading platforms available to investors in Taiwan, evaluating them based on compliance, features, fees, and supported currencies.
Understanding the Regulatory Environment
Taiwan's government has been proactive in establishing a structured approach to cryptocurrency regulation. The Financial Supervisory Commission (FSC) is the primary body enforcing Anti-Money Laundering (AML) rules and overseeing digital asset exchanges operating nationwide.
A significant development was the establishment of the Taiwan Virtual Asset Service Provider Association, which marks a crucial step toward industry self-regulation. This association includes major local exchanges and aims to set standards for consumer protection and compliance.
Since July 2021, the FSC has implemented strict AML regulations for cryptocurrency service providers. In September 2023, these guidelines were further strengthened to emphasize customer protection, reinforcing the commitment to a secure trading environment.
Top Cryptocurrency Exchanges in Taiwan
We evaluated numerous platforms operating in Taiwan to identify the best options for local investors. The assessment focused on regulatory compliance, service features, fee structures, supported tokens, and TWD deposit methods.
Bybit: Best Overall Platform
Bybit stands out as a leading exchange with over 39 million users worldwide. It offers a user-friendly interface in both Taiwanese and Mandarin, supporting more than 1,300 digital assets for trading and earning opportunities.
The platform distinguishes itself through diverse trading options, including perpetual contracts and options with leverage up to 100x. It is the only exchange among its peers that regularly updates 1:1 proof of reserves, providing full transparency of holdings.
- Fees: 0.02% for makers, 0.055% for takers in futures, and 0.1% in spot markets
- Supported Assets: 1,300+ cryptocurrencies
- TWD Deposit Methods: Bank transfer, credit/debit cards, Samsung Pay, Apple Pay, Google Pay, Alipay, and JKOPAY
Gate.io: Extensive Cryptocurrency Selection
Gate.io provides access to an impressive selection of over 2,100 cryptocurrencies, enabling users to diversify their investment strategies from stablecoins to various altcoins. The platform processes over $5 billion in daily spot and futures order volume.
It enhances the trading experience with professional features including trading bots, copy trading services, and leverage options up to 100x for futures and options. Additional offerings include an NFT marketplace, crypto debit cards, dollar-cost averaging (DCA) investments, staking services, and crypto loans.
- Fees: 0.1% for maker orders, 0.2% for taker orders
- Supported Assets: 2,100+ digital assets
- TWD Deposit Methods: Bank transfers and credit cards
Binance: Global Market Leader
As the world's largest cryptocurrency exchange with over 200 million users, Binance offers an extensive ecosystem beyond standard spot and futures trading. Features include Binance Earn for yield generation on 350+ tokens, a native wallet, NFT marketplace, lending services, and crypto cards.
While the platform strives to comply with international financial standards, investors should note that it has faced regulatory challenges in various regions. The exchange offers sophisticated trading products including crypto options, particularly appealing to institutional investors.
- Fees: 0.1% spot trading fee, 0.01% maker/taker rebate, 0.06% for derivatives
- Supported Assets: 350+ cryptocurrencies
- TWD Deposit Methods: Bank transfers, Alipay, and credit cards
MaiCoin Max: Local Taiwanese Platform
Founded in 2014 by Stanford alumni Alex Liu, MaiCoin Max is Taiwan's first licensed exchange and remains one of the most popular local platforms. It offers multiple trading options including spot and margin trading across 30 digital assets.
The platform prioritizes user security with advanced measures including multi-factor authentication and biometric verification. As part of the MaiCoin Group, Taiwan's largest blockchain technology company, it has been at the forefront of promoting cryptocurrency adoption in the region.
- Fees: 0.05% to 0.035% for makers, 0.15% to 0.105% for takers
- Supported Assets: 30 digital assets
- TWD Deposit Methods: Bank transfers only
KuCoin: Altcoin Trading Specialist
KuCoin serves over 30 million users across 200 countries, with daily trading volumes frequently exceeding $8 billion. The platform offers an impressive selection of 700+ cryptocurrencies available for spot, futures, and options trading with leverage up to 100x.
The exchange emphasizes transparency through regular proof of reserve (PoR) publications to ensure a compliant trading environment. Additional features include a native blockchain network (KCC Chain), staking options, crypto loans, trading bots, and copy trading services.
- Fees: 0.1% for spot trading, 0.02% for makers, 0.06% for derivative makers
- Supported Assets: 700+ cryptocurrencies
- TWD Deposit Methods: Bank transfers, debit/credit cards
How to Buy Cryptocurrency in Taiwan
For new investors entering the cryptocurrency space, understanding the purchasing process is essential. Here's a straightforward guide to acquiring digital assets:
- Create an Account: Select a reputable exchange operating in Taiwan and register with your email and phone number. Complete the verification process by submitting photo identification and proof of address.
- Deposit TWD: After account setup, navigate to the deposit section and select TWD as your currency. Enter the amount you wish to deposit and choose your preferred payment method (bank transfer or credit card).
- Select Your Cryptocurrency: Go to the trading section and search for your desired cryptocurrency (e.g., Bitcoin). Select the TWD trading pair to view current market rates and available order types.
- Execute Your Trade: Specify the amount you want to purchase and review order details carefully. Click "Buy" or "Trade" to complete your transaction.
For those seeking advanced trading tools and features, consider exploring more strategies through reputable platforms that offer comprehensive market analysis.
Taxation of Cryptocurrency in Taiwan
The Taipei National Taxation Bureau (NTBT) oversees cryptocurrency taxation. Selling, trading, or using digital currencies for payments are considered taxable events. Any profits from these transactions must be declared as part of your income, with applicable rates depending on your total income level.
Digital currency transactions are subject to a 5% business tax or value-added tax. This applies to both individuals and entities, except for individuals with monthly sales below NT$40,000. Foreign companies without a physical presence in Taiwan are also subject to the 5% VAT if their transactions with Taiwanese customers exceed this sales threshold.
Frequently Asked Questions
Is cryptocurrency legal in Taiwan?
Yes, cryptocurrency is legal in Taiwan. The government has been moving toward formal regulation, with the Financial Supervisory Commission implementing AML rules since 2021 and establishing the Virtual Asset Service Provider Association to promote industry self-regulation.
What is the safest cryptocurrency exchange in Taiwan?
Safety depends on multiple factors including regulatory compliance, security features, and transparency practices. Platforms that undergo regular proof of reserve audits and implement strong security measures like multi-factor authentication generally offer enhanced protection for user funds.
Can I use international exchanges in Taiwan?
Yes, many international exchanges serve Taiwanese investors and accept TWD deposits. However, users should verify that any platform they use complies with local regulations and offers adequate consumer protections.
What fees should I expect when trading cryptocurrency?
Trading fees typically range between 0.02% and 0.2% per transaction, depending on the exchange and whether you're a maker or taker. Additional fees may apply for deposits, withdrawals, and certain advanced trading features.
How do I secure my cryptocurrency investments?
Beyond choosing a secure exchange, investors should enable all available security features (2FA, whitelisting), consider using hardware wallets for long-term storage, and remain vigilant against phishing attempts and scams.
Are there taxes on cryptocurrency gains in Taiwan?
Yes, profits from cryptocurrency transactions are subject to income tax based on your total income level. Additionally, a 5% business tax/VAT applies to digital currency transactions, with exceptions for individuals with low monthly trading volumes.
Taiwan's cryptocurrency ecosystem continues to develop with increasing regulatory clarity and growing institutional participation. The exchanges highlighted in this guide provide robust platforms for both newcomers and experienced traders seeking to participate in digital asset markets. As the industry matures, investors should stay informed about regulatory developments and best practices for secure trading.