Recently, while organizing the withdrawal process, I realized that withdrawing TWD isn't actually that complicated. Sharing some of the pitfalls I’ve encountered.

Most major international exchanges don’t support direct TWD withdrawals at all, and I was stuck at this point initially. Later, I found out there are two ways to withdraw: one is transferring funds from an international exchange to a platform that supports TWD (like MaiCoin), then selling the crypto there to convert to TWD and withdraw; the other is trading directly on a platform that supports TWD deposits and withdrawals, handling everything in one place from start to finish.

I tried the first method myself, transferring funds from a large international exchange. Honestly, transferring crypto makes me pretty nervous because sending to the wrong address can’t be undone. I double-checked the address, blockchain network, and amount three times before hitting send. After the transfer succeeded, I finally relaxed. Once I arrived at MaiCoin, selling crypto for TWD and withdrawing was pretty quick, and just clicking “withdraw” allowed me to directly transfer to my bank account, usually arriving in about one business day.

Later, I also tried operating directly on a platform that supports TWD, which felt much more convenient—no worries about transfer risks, and no need to switch between multiple platforms. But I should remind you that Taiwan’s regulations have indeed tightened recently. For large withdrawals, banks might ask about the source of funds, so it’s best to keep all transaction records.

For beginners, I recommend testing the entire withdrawal process with small amounts first to make sure everything works smoothly before handling larger sums. Also, when choosing a platform, make sure it’s legitimate and compliant—don’t just go for the lowest fees. Withdrawal policies can change with new regulations, so always check the latest rules before proceeding.