Is It Legal to Buy Cryptocurrency in Taiwan?

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The cryptocurrency market continues to grow in popularity across Asia, and Taiwan has emerged as a region with increasing interest in digital assets. Many investors are asking: Is it legal to buy cryptocurrency in Taiwan? The short answer is yes — while Taiwan does not recognize cryptocurrencies like Bitcoin or Ethereum as legal tender, buying, selling, and trading digital assets is permitted under certain regulatory guidelines.

The Financial Supervisory Commission (FSC) of Taiwan treats cryptocurrencies as "virtual commodities" rather than official currency. This means individuals can legally trade and hold crypto through registered platforms, provided they comply with anti-money laundering (AML) and know-your-customer (KYC) requirements. As long as exchanges follow local compliance standards, users can engage in crypto transactions without breaking the law.

This evolving regulatory environment has led to a surge in demand for trusted, secure, and user-friendly exchanges — especially those that support Mandarin, offer localized customer service, and provide seamless fiat-to-crypto on-ramps via TWD (New Taiwan Dollar).

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Top Cryptocurrency Exchanges for Users in Taiwan

With legal clarity improving and adoption rising, choosing the right exchange is crucial for security, low fees, and access to advanced trading tools. Below is an overview of some of the most reputable global platforms that serve Taiwanese users effectively.

Bybit – High-Performance Trading for All Levels

Founded in 2018, Bybit ranks among the top five global cryptocurrency exchanges. It offers a wide range of services including spot trading, futures contracts, options, and more. Known for its high-speed matching engine and low-latency infrastructure, Bybit delivers a stable and responsive trading experience.

Key features:

Bybit’s interface caters well to both beginners and experienced traders, making it a strong choice for users in Taiwan looking for flexibility and performance.

OKX – Comprehensive Trading & Financial Services

OKX (formerly OKEx) stands as one of the world's leading digital asset platforms. It provides a full suite of financial products including spot trading, futures, perpetual swaps, options, staking, lending, and DeFi solutions.

Why OKX stands out:

OKX also supports TWD deposits via partnered payment providers, making it easier for Taiwanese investors to enter the market. Its commitment to transparency and innovation keeps it at the forefront of the industry.

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Binance – The World’s Largest Crypto Exchange

Launched in 2017, Binance dominates the global crypto landscape by volume. It offers an extensive array of services: spot trading, margin trading, futures, options, NFTs, savings plans, and even its own blockchain (BNB Chain).

Advantages for Taiwanese users:

While Binance has adjusted its services in various regions due to regulation, it remains accessible to many international users through localized platforms and third-party integrations.

XT.com – Global Platform with Simplicity at Its Core

XT.com is a diversified digital asset exchange serving users worldwide. It emphasizes ease of use without sacrificing functionality.

Features include:

XT.com continues to expand its offerings and regional partnerships, positioning itself as a solid option for users seeking a balanced mix of simplicity and advanced features.

Huobi – A Pioneer in Digital Asset Trading

Huobi is one of the longest-standing names in the crypto space. With years of operational history, it has built a reputation for reliability and innovation.

Notable highlights:

Though Huobi has undergone restructuring in recent years, its core exchange platform remains active and compliant with international standards.

Bitget – Leader in Copy Trading & Derivatives

Bitget specializes in crypto derivatives and social trading. It has become particularly popular among users interested in mimicking expert traders' strategies.

Why traders choose Bitget:

For Taiwanese investors looking to learn from professionals while actively participating in the market, Bitget offers a compelling solution.

Gate.io – Established Platform with Broad Offerings

Gate.io launched early in the crypto era and has maintained steady growth. It supports a vast number of tokens and offers diverse financial tools.

Platform strengths:

Its long-standing presence adds credibility, especially for conservative investors who value platform longevity.

Frequently Asked Questions (FAQ)

Q: Is cryptocurrency legal in Taiwan?
A: Yes. While not considered legal tender, owning and trading crypto is allowed under current regulations. Users must use compliant platforms that follow AML/KYC rules.

Q: Can I buy crypto with New Taiwan Dollar (TWD)?
A: Yes. Several exchanges support TWD deposits via bank transfers or third-party payment gateways. Look for platforms with local payment integration.

Q: Are profits from crypto taxable in Taiwan?
A: Starting in 2025, Taiwan will implement a comprehensive crypto tax framework. Capital gains from virtual assets will be subject to reporting and potential taxation.

Q: Which exchange is best for beginners in Taiwan?
A: Platforms like OKX and XT.com offer user-friendly designs, educational content, and responsive support — ideal for those new to crypto.

Q: How do I keep my crypto safe?
A: Always enable two-factor authentication (2FA), use hardware wallets for large holdings, and avoid sharing private keys. Choose exchanges with proven security records.

Q: Can I trade futures or leverage products legally in Taiwan?
A: While there are no explicit bans, leveraged products carry higher risks. Most derivatives trading occurs on international platforms outside direct local oversight.

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Final Thoughts

Cryptocurrency adoption in Taiwan is on the rise, supported by growing regulatory clarity and improved access to global trading platforms. While no single exchange fits every need, options like OKX, Bybit, Binance, and Bitget stand out for their combination of security, product depth, and regional accessibility.

Whether you're interested in spot trading, futures contracts, copy trading, or earning yield through staking, there are reliable platforms available — just be sure to prioritize compliance, safety, and ease of use.

As the market evolves through 2025 and beyond, staying informed and choosing the right tools will be key to navigating Taiwan’s dynamic crypto landscape successfully.