Taiwan's largest offline cryptocurrency exchange, CoinWorld, marks its first anniversary. Founder Huang Guan-Sheng reveals the inspiration behind establishing CoinWorld and the challenges faced during this inaugural year. Operations manager Kelsey emphasizes the necessity of physical crypto stores: "To reduce crime rates, we must educate the public and mainstream cryptocurrency adoption—physical stores play a pivotal role in this mission."
👉 Discover secure crypto trading with CoinWorld
High Risks in OTC Crypto Trading: Establishing Taiwan's First Legal Storefront
With Taiwan's over-the-counter (OTC) crypto transactions growing rapidly—yet lacking regulated operators—daily reports of scams or robberies during face-to-face trades have fueled public distrust. "Our goal was clear from day one: become Taiwan’s first fully compliant physical exchange," says Huang. After深入研究虛擬貨幣後, he recognized blockchain's decentralized nature as the future, noticing rising interest among peers who lacked safe investment avenues. CoinWorld was born to provide a secure, accessible trading hub for beginners and enthusiasts alike.
Overcoming Early Challenges: Nationwide Expansion & Expert Training
After a year of preparation, CoinWorld launched its flagship store in May 2023. Despite initial skepticism toward physical crypto stores amid rampant online scams, Huang adopted a bold strategy: "We expanded to 15 locations across Taiwan—from Taipei to Kaohsiung—prioritizing trust through in-person consultations."
All staff undergo rigorous certification, including:
- Anti-Money Laundering (AML) training
- Financial ethics exams
- Regular workshops on blockchain trends
This ensures customers receive accurate guidance while mitigating fraud risks.
👉 Explore CoinWorld's trusted services
Evolving Services: From Crypto Trading to Multi-Industry Solutions
"People don’t reject crypto’s value—they fear becoming victims of its misuse," notes Kelsey. Beyond transactions, CoinWorld now offers:
✔ Gaming point exchanges
✔ Migrant worker-focused wallets
✔ Mining equipment agency
Huang champions hiring young talent to drive innovation, requiring team members to stay updated on crypto developments to adapt to market shifts.
FAQs
1. Why does Taiwan need physical crypto stores?
Physical stores build trust through direct interactions, reducing scams by verifying transactions face-to-face and educating users.
2. How does CoinWorld ensure transaction safety?
All staff are certified in AML protocols and financial ethics, with stores designed to preempt risks during trades.
3. What future services will CoinWorld introduce?
Plans include NFT marketplaces and DeFi education hubs, expanding beyond traditional crypto trading.
CoinWorld remains committed to simplifying crypto access while combating fraud through compliance and community outreach. By hosting exhibitions and free workshops, they aim to demystify digital assets for Taiwan’s public.
As the nation’s largest offline exchange, CoinWorld sets the standard for secure, transparent trading—proving that innovation and regulation can coexist to protect users.
👉 Join CoinWorld’s mission today
Disclaimer: Cryptocurrency investments carry high volatility risk. Capital is at risk.
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