Can You Use Credit Cards to Buy Crypto in Taiwan?
Taiwan's Financial Supervisory Commission (FSC) views cryptocurrencies as high-risk assets prone to money laundering and illegal activities. While local crypto service providers face strict regulations, international exchanges like Binance and OKX still allow credit card purchases through third-party payment gateways. This remains a legal gray area, so users should stay updated on compliance requirements.
Tested Banks & Credit Cards for Crypto Purchases
Based on DA Labs' 2025 tests, here’s a breakdown of supported credit cards:
| Bank | Binance | OKX |
|---|---|---|
| Taipei Fubon | ❌ | ❌ |
| DBS | – | ✅ |
| Cathay United | ❌ | ✅ |
| Taishin | ✅ | ✅ |
| Sinopac | ✅ | ✅ |
| E.Sun Bank | ✅ | – |
How to Buy Crypto with Credit Cards on Binance
- Check card compatibility (refer to the table above).
- On Binance, click Buy Crypto → Credit/Debit Card.
- Select currency (TWD), enter amount, and complete KYC verification.
- Review transaction details and confirm purchase.
Pro Tip: Binance imposes a 1.8%–3% fee per transaction.
OKX Credit Card Purchase Tutorial
- Navigate to Buy Crypto → Quick Buy.
- Choose coin (e.g., BTC) and payment method (Simplex/Banxa/Alchemy).
Minimum amounts apply:
- Alchemy: $15
- Simplex: $31
- Banxa: $62
Best Credit Cards for Crypto Cashback (2025)
| Card | Reward | Fee | Best For |
|---|---|---|---|
| Cathay Cash Back Signature | 2% overseas | NT$3,000 | International platforms |
| E.Sun U Bear | 3% digital | Free | Online transactions |
| LINE Pay Card | 1–3% points | Free | Flexible redemptions |
| Taishin FlyGo | Air miles | NT$2,000 | Frequent travelers |
Top Pick: E.Sun U Bear for 3% cashback on digital spend.
Taiwan’s Crypto Credit Card: KGI Coin Enjoy Card
KGI Bank’s Coin Enjoy Card merges traditional banking with crypto:
- Earn points redeemable as crypto (1 point = NT$1).
- New users get 7% bonus points (up to 300 points/redemption).
- Supports offline/online spending.
Troubleshooting Failed Transactions
- Insufficient limits: Contact your bank to raise overseas spending caps.
- Unsupported cards: Try alternatives like Taishin or Sinopac.
- Third-party failures: Switch between Apple Pay/VISA/Mastercard.
Pros & Cons of Credit Card Purchases
✅ Pros:
- Instant transactions.
- Earn cashback/miles.
❌ Cons:
- High fees (1.5–5% total cost).
- Low monthly limits (~NT$100,000).
Alternative: Bank transfers for larger amounts.
FAQs
Q1: Why was my card declined on Binance?
A: Your bank may block crypto transactions—check with them first.
Q2: Are credit card purchases more expensive?
A: Yes, due to fees and unfavorable exchange rates.
Q3: Other ways to buy crypto in Taiwan?
A: Bank transfers, C2C P2P, or local exchanges like MAX.
Final Thoughts
While credit cards offer convenience, always:
- Verify card support.
- Double-check transaction details.
- Monitor regulatory updates.
Disclaimer: Crypto investments carry risks. This guide doesn’t constitute financial advice.