With Bitcoin recently soaring to an all-time high of $112,000, many investors who’ve stayed on the sidelines are now eager to get involved—but uncertainty around how and where to buy remains a major barrier. Now, there’s a trusted, user-friendly option available right in Taiwan: the Taiwan Mobile Virtual Asset Exchange (TWEX), backed by the Fubon Group and personally endorsed by Chairman Tsai Ming-chang, who famously spent over NT$3 million to buy his first Bitcoin in under 30 seconds.
This guide walks you through everything you need to know about buying Bitcoin in Taiwan—from opening an account to making your first purchase—with clarity, safety, and simplicity in mind.
What Cryptocurrencies Are Available? Who Can Trade?
Currently, the Taiwan Mobile Virtual Asset Exchange supports trading for Bitcoin (BTC) and Ethereum (ETH). The platform plans to gradually expand its offerings based on market demand and regulatory developments.
At this stage, only Taiwan Mobile subscribers can open accounts. However, the exchange is expected to open registration to users of other telecom providers later this year, significantly broadening access across Taiwan.
👉 Discover how easy it is to start your crypto journey today.
How to Open an Account
Opening an account on TWEX is designed to be seamless for Taiwan Mobile users. Here’s how:
- Open the Taiwan Mobile App.
- Navigate to Smart Finance > Taiwan Mobile Virtual Asset Exchange.
- Enter your registered mobile number and verify via SMS OTP.
- Set a secure password and link an email for additional verification.
After completing registration, proceed with identity verification:
- Upload a clear photo of your national ID card (ensure no glare and all text is legible).
- Complete facial recognition to confirm your identity.
Please note: The review process takes approximately 5–7 business days due to manual verification. During this time, you can begin the bank account binding process.
Bank Account Verification
To enable deposits and purchases:
- On the homepage, tap “Complete bank account verification to start trading.”
- Enter the bank account you wish to use for funding.
- Confirm details and wait up to 3 business days for verification.
Once verified, it’s recommended to register this account as a "pre-authorized transfer recipient" with your bank to avoid hitting daily transfer limits.
How to Buy Bitcoin: 3 Simple Steps
TWEX is positioned as Taiwan’s first virtual asset exchange backed by a major corporate group, aiming to lower entry barriers for beginners. Buying crypto takes just three intuitive steps:
Step 1:
From the homepage, tap “Buy Crypto” or select your desired coin (BTC or ETH) from the market list.
Step 2:
Enter the amount you want to buy—either in New Taiwan Dollars (NT$) or by specifying a fraction of a coin. You’ll have 10 seconds to confirm the price, which updates every 10 seconds to reflect real-time market rates.
Step 3:
Choose your payment method:
- Use your verified bank account for instant transfer.
- Or deposit funds into your dedicated virtual account provided by the platform.
Transactions settle quickly, allowing you to own Bitcoin almost immediately after payment confirmation.
Supported Payment Methods
Currently, TWEX supports two payment methods:
- Balance top-up via bank transfer
- Direct bank transfers in New Taiwan Dollars (NTD)
Important notes:
- Only NTD transactions are supported.
- External crypto deposits or withdrawals are not yet available, as the platform focuses on simplifying the buying experience for new investors.
- This closed-loop system enhances security and reduces complexity for first-time users.
Future updates will introduce full deposit and withdrawal functionality, enabling more advanced trading capabilities and greater flexibility.
Can I Afford Bitcoin If One Coin Costs Millions?
Yes—absolutely. While one full Bitcoin may cost around NT$3 million, you don’t need to buy a whole coin.
TWEX allows purchases starting from **as little as NT$100**, letting you buy fractional shares of Bitcoin or Ethereum. This micro-investment model makes crypto accessible to everyone, regardless of budget. Whether you invest NT$100 or NT$10,000, you build real ownership in digital assets over time.
👉 Start small and grow your crypto portfolio risk-free.
How Many People in Taiwan Own Bitcoin?
Cryptocurrency adoption in Taiwan is growing rapidly. According to recent surveys, over 2 million Taiwanese have invested in digital assets, with Bitcoin being the most popular choice. Younger investors, particularly those aged 25–40, are leading the trend, drawn by high returns and increasing institutional legitimacy.
With major players like Fubon Group entering the space, public trust in regulated platforms is rising—making now an ideal time to learn how to buy Bitcoin safely.
What Are the Potential Returns from Bitcoin Investment?
Bitcoin has delivered extraordinary long-term returns since its inception. For example:
- Early adopters who bought BTC at $1,000 saw gains exceeding 100x.
- Investors who entered during the 2020 bull run still enjoyed multi-fold appreciation by 2025.
While past performance doesn’t guarantee future results, factors like limited supply (only 21 million BTC will ever exist), growing institutional adoption, and macroeconomic trends (such as inflation hedging) continue to support its value proposition.
Is There Still Room for Bitcoin Price Growth?
Many experts believe so. Analysts point to upcoming catalysts such as:
- Bitcoin ETF approvals expanding mainstream access.
- The halving cycle reducing new supply.
- Global economic uncertainty increasing demand for decentralized assets.
While volatility is inherent, the long-term outlook remains positive for those with a strategic investment mindset.
Is Crypto Trading Safe? Can I Be Scammed?
Security is a top concern—and choosing a licensed, transparent platform like TWEX greatly reduces risk. Unlike unregulated overseas exchanges or peer-to-peer scams, TWEX operates under strict compliance standards with identity verification, fund segregation, and anti-fraud monitoring.
Avoid phishing sites, never share your password or OTP codes, and only use official apps and domains.
What If I Switch Telecom Providers?
If you cancel your Taiwan Mobile number or port it to another carrier, your TWEX account will remain active—for now. However, since current access requires a valid Taiwan Mobile subscription, future functionality may be limited if you’re no longer a customer. Keep an eye on official announcements regarding expanded eligibility.
Need Help With the Platform?
Not comfortable with technology? TWEX offers customer support and educational resources within the app. Tutorials walk you through each step—from verification to your first purchase—ensuring even tech novices can participate confidently.
👉 Get started with confidence on a secure, easy-to-use platform.
Frequently Asked Questions (FAQ)
Q: Do I need a lot of money to start investing in Bitcoin?
A: No. You can start with as little as NT$100. TWEX allows fractional purchases, so you can buy part of a Bitcoin without needing millions.
Q: Is the Taiwan Mobile Virtual Asset Exchange safe?
A: Yes. Backed by Fubon Group and operating under financial regulations, TWEX implements robust security measures including ID verification, facial recognition, and fund protection protocols.
Q: Can I transfer my crypto out of TWEX?
A: Not yet. Currently, external transfers are disabled to simplify the user experience and enhance security. Full wallet functionality is expected in future updates.
Q: What happens if I change my phone number or telecom provider?
A: Your account remains active temporarily, but ongoing access may require being a Taiwan Mobile subscriber. Plans to open registration to other carriers are underway.
Q: How long does it take to open an account?
A: Identity verification takes 5–7 business days; bank verification takes about 3 days. You can complete steps concurrently to speed things up.
Q: Are there fees for buying crypto on TWEX?
A: The platform charges transparent transaction fees—details are shown before each purchase. There are no hidden costs.
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