Recently, I only just found out that many people get stuck with the issue of being unable to withdraw virtual currency. Most major international exchanges basically can’t directly withdraw TWD, and that’s the real pain point.

Later, I figured out there are actually two solutions. One is a more complicated cross-platform coin transfer method—first transfer the coins to a platform that supports TWD withdrawals (like MaiCoin), then sell them there for TWD and withdraw. But honestly, this step is prone to mistakes. If you send it to the wrong address, you can’t get it back, so you need to triple-check: the address, the network/chain, and the amount.

The other option is to do it directly on a platform that supports TWD deposits and withdrawals, which is much more convenient. MaiCoin is a long-established Taiwanese brand; it’s been operating since 2013. It’s also one of the few platforms with government recognition. The TWD withdrawal fee is 15 yuan (NT$15). On working days, the funds usually arrive the same day or the next day. The process isn’t complicated either—log in, tap/click on Wallet, link your bank account, and you can withdraw. If you want to trade CFDs (difference price contracts), Mitrade also supports New Taiwan Dollars, and the interface is pretty intuitive.

The inability to withdraw virtual currency isn’t really the biggest problem—it’s just about choosing the right platform. My advice is to start with a small amount to test the process, and only then make larger transactions once you’ve confirmed everything works. Also, recently in Taiwan, the Financial Supervisory Commission has been cracking down hard on money laundering. For large transfers, banks may ask about the source of the funds, so remember to keep the transaction records. To be honest, choosing a legitimate, compliant platform is the most important thing—don’t get tempted by small savings and use exchanges you’re not confident about.