Introduction
Which cryptocurrency exchange is the best? How do you choose a secure Bitcoin trading platform? What's the process for opening an account to buy coins? Beginners in Taiwan's crypto community often have these questions...
This article references data from CoinMarketCap to present rankings of global cryptocurrency exchanges accessible to Taiwanese users, along with platform recommendations.
Rankings are based on:
- Trading volume (liquidity)
- Reputation
- Platform security
- Product variety
- Fee structures
- Customer service
We'll analyze pros/cons of major exchanges available in Taiwan to help you select a secure platform that fits your needs.
👉 Best overall crypto exchange for 2024
Article Directory
- Spot Trading Exchange Rankings
- Derivatives Trading Exchange Rankings
- Comparison of Taiwan's Top 4 Exchanges
- Global Top 10 Exchange Overview
- How to Choose & Key Considerations
- FAQs
1. Spot Trading Exchange Rankings {#spot-trading-rankings}
"Spot trading" refers to direct buying/selling of crypto assets like Bitcoin and Ethereum. These rankings reflect 24-hour trading volumes (data as of April 2024):
Top 20 Global Cryptocurrency Exchanges
| Rank | Exchange | Est. | Fees | Coins | 24H Volume | Available In | Chinese Support |
|---|---|---|---|---|---|---|---|
| 1 | Binance | 2017 | 0.1% | 600+ | $21B | Global/TW | ✅ Full |
| 2 | Coinbase | 2012 | 0.25% | 243 | $2.6B | Global | ❌ None |
| 3 | OKX | 2013 | 0.1% | 356 | $2.3B | Global/TW | ✅ Full |
| 4 | Kraken | 2011 | 0.2% | 226 | $1.5B | Global | ✅ Simplified |
Key Observation: Binance dominates ~50% of global spot trading volume. For Taiwanese users, we recommend sticking to top-ranked, Chinese-supported exchanges.
2. Derivatives Trading Exchange Rankings {#derivatives-rankings}
Derivatives (perpetual contracts, futures) account for most crypto market activity. Top platforms by 24H volume:
| Rank | Exchange | Derivatives Volume | Leverage | Chinese Support |
|---|---|---|---|---|
| 1 | Binance | $20.8B | 125x | ✅ Full |
| 2 | OKX | $6.8B | 120x | ✅ Full |
| 3 | Bybit | $4.2B | 100x | ✅ Full |
Note: Only these three are recommended for Taiwanese traders due to liquidity and security.
3. Taiwan's Top 4 Exchanges Compared {#taiwan-exchanges}
Local exchanges support TWD deposits but lack derivatives trading:
| Exchange | Est. | TWD Support | Fees | Coins | 24H Volume |
|---|---|---|---|---|---|
| MAX | 2018 | ✅ | 0.05%/0.15% | 33 | $16M |
| BitPro | 2018 | ✅ | 0.1%/0.2% | 24 | $15M |
| ACE | 2018 | ✅ | 0.05%/0.1% | 59 | $10M |
| BITGIN | 2020 | ✅ | 0.1%/0.25% | 3 | N/A |
👉 How to move crypto between Taiwanese and global exchanges
4. Global Top 10 Exchange Overview {#global-exchanges}
Binance (#1)
- Largest by volume ($760B daily)
- 350+ coins, 125x leverage
- Supports TWD via P2P
Coinbase (#2)
- US-regulated
- Limited to spot trading
- No Chinese interface
OKX (#3)
- Strong derivatives market
- 120x leverage
- Full Chinese support
5. Choosing Guide & Key Considerations {#choosing-guide}
Security Checklist:
✔️ Look for platforms with clean hack histories
✔️ Prefer exchanges with verifiable proof-of-reserves
✔️ Enable 2FA authentication
Fee Awareness:
- Spot trading: 0.05%-0.25%
- Derivatives: 0.01%-0.075%
- Withdrawal fees vary by coin
Tax Implications:
Taiwan taxes crypto profits as income. Maintain detailed transaction records.
6. FAQs {#faqs}
Q1: Is Binance available in Taiwan?
Yes, Binance offers full Chinese support and accepts Taiwanese users.
Q2: Which exchange has the lowest fees?
Binance and OKX offer the most competitive fee structures, especially when using their native tokens (BNB/OKB).
Q3: Can I trade crypto derivatives in Taiwan?
While local exchanges don't offer derivatives, platforms like Binance and Bybit allow Taiwanese users to access these products.