Want to safely buy your first cryptocurrency in Taiwan? Actually, the process isn't as complicated as you might think. Most beginners start by purchasing coins with New Taiwan Dollars on a local exchange, then decide whether to transfer to an international platform or keep them in their own wallet. I'll guide you through each step.

First, you need to know how many legitimate deposit channels are available in Taiwan. For example, local exchanges like Maicoin and BitoPro support direct deposits in New Taiwan Dollars. Compared to using international platforms directly, these local options are more compliant with the regulations of the Financial Supervisory Commission, making them safer and more reassuring for beginners.

The first step for depositing funds is to register an account and complete identity verification, which is KYC. Usually, you'll need to upload your ID card and a selfie. Then, link your bank account—make sure it's in your name to pass verification. After that, you can transfer New Taiwan Dollars via bank transfer into your account. Once the deposit is complete, you can exchange your NT$ for mainstream cryptocurrencies like Bitcoin, Ethereum, or stablecoins directly on the platform.

After buying coins, you have two options. One is to transfer them to an international exchange. The process involves finding the deposit address on the other platform, confirming whether the chain is ERC-20 or TRC-20, then entering the address and amount on your local exchange. The other option is to transfer to your own cold wallet. What is a cold wallet? Simply put, wallets like Ledger, Trezor, or MetaMask, where you fully control the private keys, offering the highest security for your assets.

The core advantage of a cold wallet is that your assets are entirely in your own hands—no platform risk. However, a crucial reminder: before transferring, double-check the chain type. Choosing the wrong chain can result in lost assets, and this process is irreversible.

Another important point is that Taiwan currently does not support purchasing cryptocurrencies directly with a credit card. The Financial Supervisory Commission enforces strict controls on money laundering and capital flow. Since credit cards are credit transactions and it's difficult to verify the source of funds instantly, they are prohibited. This is why most Taiwanese exchanges only support bank transfers. Understanding these restrictions will help you start your crypto journey with peace of mind.