Introduction to Crypto Investing for Beginners
NONELAND's special feature "Only Investing Students Are True College Students" aims to inspire both incoming freshmen and graduating seniors with one powerful message: the earlier you start investing, the better! As a Web3-focused media platform, we'll guide you through:
- Essential Web3 basics for beginners
- Acquiring your first crypto assets with small capital
- Generating passive income through cryptocurrencies
- Every critical step in your crypto investment journey
The crypto market rewards participation above all else. As experienced investors often say: "The fastest way to learn is to lose money first." While this might sound intimidating, it emphasizes the importance of active engagement - your investments demand attention like any valuable asset.
Understanding Deposits and Withdrawals
For newcomers, the first steps involve:
- Downloading a crypto exchange app
- Transferring TWD (New Taiwan Dollars) into the app - this is called depositing
- Converting crypto back to TWD and withdrawing to your bank account - known as withdrawing
👉 Start your crypto journey with a trusted exchange today
Step-by-Step Guide to TWD Deposits (Using BitoPro Example)
Step 1: Identity Verification (KYC)
- Download the BitoPro app
Navigate to "Account" → complete both:
- Identity verification
- Bank account binding
- Note the "BITO 20% fee discount" option for later use
KYC (Know Your Customer) protocols verify your identity to prevent fraud and comply with financial regulations.
Step 2: Bank Account Verification
- Identity verification processes immediately
- Bank binding takes 5-7 business days
- BitoPro complies with Taiwan's Financial Supervisory Commission anti-money laundering regulations
Step 3: Initiating TWD Transfers
- Go to "Assets" section
Select:
- "Top Up" for deposits
- "Withdraw" for withdrawals
- Choose TWD as your currency
Step 4: Transfer Methods
Bank Transfer:
- Copy BitoPro's designated Far Eastern Bank account number
- Transfer via your banking app
Convenience Store Top-Up:
- Available at FamilyMart or Hi-Life
- Higher fees than bank transfers
- Provides tactile experience for beginners
Step 5: Funds Arrival
- Track transfers via: Assets → History → Top-Up
- 5,000 TWD test transfer typically reflects within minutes
👉 Discover more deposit options for Taiwanese investors
How to Buy Bitcoin (BTC)
Recommended Strategy:
Purchase USDT (stablecoin) first due to:
- Better exchange rates
- Easier subsequent transactions
- Use USDT to buy Bitcoin
Trading Process:
- Navigate to "Markets"
- Monitor real-time TWD/USDT exchange rates
- Activate "BITO 20% fee discount" to eliminate USDT purchase fees
Pro Tip: Crypto markets operate 24/7 - prepare for constant volatility!
Key Takeaways
- Complete KYC and bank verification first
- Bank transfers offer lower fees than convenience stores
- Buying stablecoins (USDT) first often proves advantageous
- Always enable available fee discounts
FAQ Section
1. Is BitoPro safe for Taiwanese investors?
Yes, it complies with Taiwan's financial regulations and anti-money laundering laws.
2. What's the minimum deposit amount?
Most exchanges accept deposits as low as 100 TWD, but 1,000+ TWD is practical for trading.
3. Why use USDT instead of direct TWD/BTC pairs?
Stablecoins typically offer:
- Better liquidity
- Lower spreads
- More trading pairs
4. How long do withdrawals take?
Most TWD withdrawals process within 1-3 business days.
5. Can I really buy crypto at convenience stores?
Yes! FamilyMart and Hi-Life provide this service through specialized kiosks.
6. What's the advantage of starting small?
Small investments let you:
- Learn market mechanics
- Develop risk management skills
- Gain confidence without major exposure
Disclaimer: This content doesn't constitute investment advice. Cryptocurrency investments carry risk - always research thoroughly before committing funds.
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