Binance, one of the world's largest cryptocurrency exchanges, offers diverse trading services favored by global investors, including users in Taiwan. However, many struggle with one key question: "How can I withdraw funds back to TWD?"
This guide provides a step-by-step tutorial to seamlessly transfer funds from Binance to Taiwanese exchanges, enabling easy conversion to your bank account.
Binance Withdrawal Methods (Updated June 2025)
✅ Withdraw to Taiwanese exchanges (e.g., HOYA BIT, MAX, BitoPro)
❌ Direct bank transfers (via SWIFT in USD)
❌ C2C TWD withdrawals (discontinued)
❌ Virtual credit card purchases
As a finance enthusiast, I prioritize cost-effective and speedy withdrawals. Binance offers two primary methods:
- Transfer to a Taiwanese exchange for TWD conversion.
- Transfer to overseas exchanges for bank wire withdrawals.
Taiwanese exchanges minimize cross-border fees and streamline the process. This guide focuses on the first method.
Withdrawal Comparison
| Method | Pros | Cons | Best For |
|-----------------------|-------------------------------------------|-------------------------------------------|-------------------------------------------|
| Taiwanese Exchange | - Lower fees
- Direct to local bank | - Requires KYC verification | Frequent traders needing TWD withdrawals |
| Bank Wire | - Direct to bank account
- High limits | - Higher fees
- Slow processing | Large transactions with foreign accounts |
How to Withdraw TWD from Binance (3-Minute Guide)
Step 1: Choose a Taiwanese Exchange
Compare fees, liquidity, and security:
- HOYA BIT: Low fees, fast processing.
- MAX: Established, multi-currency support.
- BitoPro: Formerly supported convenience stores (discontinued in 2025).
👉 Compare Taiwan’s top exchanges here
Step 2: Select Deposit Network
In your chosen exchange (e.g., HOYA BIT):
- Navigate to Assets > Deposit.
Choose USDT and select a supported network:
- TRC20: Cheapest (1 USDT fee).
- ERC20: Stable but higher fees (4 USDT).
Step 3: Copy Deposit Address
Double-check the address before copying. A single typo can result in lost funds!
Step 4: Initiate Binance Withdrawal
- Go to Binance Wallet > Withdraw.
- Paste the address, enter the amount, and confirm the network.
Step 5: Verify and Submit
Complete 2FA/email verification. TRC20 transfers typically complete in under 1 minute.
Step 6: Convert to TWD
Trade USDT/TWD on the exchange and withdraw to your bank account.
Binance Withdrawal Fees & Limits (2025)
| Coin | Network | Min. Amount | Fee |
|-------|------------|-------------|-----------|
| USDT | TRC20 | 10 USDT | 1 USDT |
| USDT | ERC20 | 18 USDT | 4 USDT |
| BTC | Bitcoin | 0.00019 BTC | 0.00005 BTC |
FAQs
1. Can I withdraw TWD directly from Binance?
No. Transfer crypto to a Taiwanese exchange first (e.g., HOYA BIT) to convert to TWD.
2. Are there withdrawal limits?
Yes, based on Binance VIP levels:
| VIP Level | Daily Limit (USDT) |
|-----------|---------------------|
| Standard | 8,000,000 |
| VIP 9 | 96,000,000 |
3. How long do withdrawals take?
5–10 minutes normally. Delays may occur during network congestion.
4. Is Binance withdrawal taxable in Taiwan?
Profits from crypto-to-TWD conversions are subject to income tax under Taiwan’s tax laws.
5. How to transfer funds from Binance to MAX?
Copy MAX’s wallet address, paste it in Binance’s withdrawal page, and confirm.
Final Tips
- Use TRC20 for low-cost USDT withdrawals.
- Always verify addresses before transferring.
- 👉 Check real-time exchange rates here to maximize your withdrawals!
With this guide, you’re equipped to navigate Binance withdrawals like a pro. Happy trading!