# How to Buy Bitcoin and Other Cryptocurrencies in Taiwan

So you’re curious about Bitcoin and cryptocurrency but still don’t know how to get started in Taiwan? Many have asked this question before. So we’re going to tell you how to buy BTC and other tokens in Taiwan, including the platform, payment method and more. We will also discuss some of the popular platforms, and payment methods, including the question of the century, [how to buy Bitcoin with Apple Pay](https://cryptomus.com/blog/buy-bitcoins-with-apple-pay-a-quick-and-easy-guide)?

<h2> Important Considerations Before You Begin</h2>

Crypto investments come with a very high risk. The price can fluctuate extensively, so please don’t invest what you can’t afford to lose. It’s a risky investment.

Here's what you'll need to get started:

* ID: Attach a copy of your passport, national ID, or resident certificate for identification and KYC/AML purposes.
* Secure connection: Avoid public Wi-Fi for transactions. Use secure home Wi-Fi or mobile data.
* Cryptocurrency wallet: Choose a secure wallet to store your holdings.

<h2> How to Buy Bitcoin with Apple Pay </h2>

Although buying Bitcoin with Apple Pay is simple, it can't be done in Taiwan at the moment. The FSC of Taiwan prohibits credit card spending on virtual currency. But there are other ways to get BTC and other tokens.

<h2> Choosing a Cryptocurrency Exchange in Taiwan</h2>

The first step is selecting a respected exchange in Taiwan. Here are some factors to consider:

* Regulation: Focus on the exchanges that adhere to the Taiwanese Anti-Money Laundering and Know Your Customer standards.
* Supported currencies: Check if deposits and withdrawals work for other tokens and if the exchange accepts deposits in New Taiwan Dollar (TWD).
* Trading fees: Examine the costs involved when purchasing or selling tokens.

Security measures: Assess security standards in the exchange from the perspective of the security of your funds.

Some popular cryptocurrency exchanges operating in Taiwan include:
* MaxCoin
* BitoPro
* Libero
* MaiCoin

<h2> </h2>Signing Up and Verification on a Cryptocurrency Exchange

After you have picked an exchange, follow the guidelines to make an account. This often entails inputting simple details like the email address and password of the user, as well as accepting the page’s terms and conditions. More often than not, the exchange will demand more identification documents in a bid to meet the set regulation. This may involve scanning your government ID and taking a selfie which is then uploaded.
<h2>Funding Your Account </h2>

After successful verification, you can fund your account with TWD. The available deposit methods will vary depending on the exchange. Common options include:

* Bank transfer: This is quite safe and accessible for most, but transactions can take longer to process.
* Peer-to-peer (P2P) trading: It enables one to trade directly with other people which could mean that one is offered good rates. However, as opposed to traditional bank-client relations, P2P transactions are characterized by a higher level of risk.

<h2> Buying Bitcoin and Other Cryptocurrencies</h2>

Then, head to the trading section to find Bitcoin (BTC) or other cryptocurrencies for purchase. Here's what you need to do:

* Choose crypto: Select Bitcoin (BTC) or any cryptocurrency you want to buy.
* Select order type: Market order to buy the cryptocurrency with ask price, limit order to buy the cryptocurrency.
* Set amount: Enter the currency amount you want to pay in TWD, or the amount of Bitcoin you want to buy.
Review and confirm: Take some time to read through your order details carefully.

<h2> Storing Your Cryptocurrency Securely</h2>

When it comes to storing crypto, security is key. You have two main options:

* Exchange wallets: Some exchanges provide trading platforms with integrated wallets to store your funds in. But for large amounts, it is better to choose one with high-level security.
* Hardware wallets: These are the most secure ways of storing your assets. They are not web-connected and minimize the possibility of hacking.

<h2> Conclusion </h2>

There are multiple methods to acquire cryptocurrency in Taiwan. By choosing the proper platform and following the steps above, you are in a safe way to get started in [crypto market](https://en.wikipedia.org/wiki/Cryptocurrency). Crypto is a highly volatile investment, please do your own research and invest wisely.