The cryptocurrency investment landscape in Taiwan just got a major upgrade. BitoPro, Taiwan's leading crypto exchange, has partnered with Bankee (Far Eastern International Bank's digital banking arm) to launch the country's first dedicated cryptocurrency banking account, bridging traditional finance with digital assets.
Why This Partnership Matters
Cryptocurrency investors in Taiwan have long faced banking restrictions when trying to:
- Link exchange accounts to banks
- Set up virtual account agreements
- Transfer funds efficiently
Most banks block trust account agreements for crypto exchanges due to fraud concerns. This new dedicated account solves these pain points with institutional-grade banking access.
Key Account Benefits
Here are the three standout advantages of this crypto-exclusive account:
Enhanced Transfer Limits
- Single transfer: Up to NT$1.5 million
- Daily limit: NT$5 million
- First-year TWD deposits: No processing fees
Compared to conventional banks (typically NT$3-10k per non-agreed transfer), these limits offer unprecedented flexibility.
Premium Account Features
- Combined TWD/foreign currency account
- Physical "BitoPro Gold Flow" debit card
Large-Volume Withdrawals
- Up to NT$40 million monthly (after approval)
- Unlimited free withdrawals from BitoPro to Bankee
Additional Perks
Account holders enjoy these extra benefits:
- 6 free interbank transfers monthly
- 6 free ATM withdrawals monthly
- 0.845% annual interest on all balances
Coming Soon: Expanded Features
Bankee and BitoPro will soon introduce:
- Twice-daily withdrawals
- Quick TWD top-ups
- USD deposit/withdrawal support
How to Apply (Step-by-Step)
Eligibility: Requires BitoPro Level 2 verification
- Open BitoPro App → "Account" → "Bank Binding"
- Select "Switch to Bankee Account"
Prepare documents:
- ID card
- Health insurance card/driver's license
- Another bank's in-person account number
- Complete registration on Bankee's website
- Wait for SMS confirmation
Pro Tip: Use natural person certificate for higher transfer limits (takes T+2 business days to activate).
Bankee Account Classifications
| Account Type | Default Limits | After Upgrade |
|---|---|---|
| Class 2 (Existing FEIB customers) | NT$50k single/100k daily | NT$1.5M single/5M daily |
| Class 3 (New FEIB customers) | NT$10k single/30k daily | NT$50k single/200k monthly |
👉 Learn how to maximize your crypto banking experience
FAQ
Q: Are there any fees for TWD deposits?
A: First-year deposits from Bankee→BitoPro are completely fee-free.
Q: What's the interest rate for idle balances?
A: All balances earn 0.845% annual interest, paid monthly.
Q: Can foreign investors open this account?
A: Currently only available to Taiwan residents with local ID.
Q: How long do withdrawals take?
A: Bankee→BitoPro transfers are instant; external withdrawals process within 1 business day.
Q: Is there a minimum balance requirement?
A: No minimums—enjoy all benefits regardless of account balance.
For those ready to upgrade their crypto banking experience, this partnership delivers unmatched convenience with institutional-grade financial access.