MAX Exchange is a trusted platform in Taiwan that allows users to buy, sell, and trade cryptocurrencies like Bitcoin, Ethereum, and USDT with New Taiwan Dollars (NTD). Whether you're new to crypto or an experienced trader, understanding how to deposit and withdraw funds safely is essential. This guide provides a clear, step-by-step walkthrough of funding your MAX account, purchasing crypto, and transferring assets.
Getting Started with MAX Exchange
MAX Exchange offers a user-friendly interface and supports direct NTD transfers through local banking partners. Before trading, you'll need to create and verify your account.
Registration and Identity Verification
To begin, visit the MAX website and complete the registration process. You'll need to provide basic personal information and verify your identity to comply with financial regulations. This typically involves submitting a government-issued ID and may include a facial recognition step. Verification is usually completed within a few hours.
Depositing New Taiwan Dollars (NTD)
Once your account is verified, you can deposit NTD into your MAX wallet. The platform supports bank transfers from major Taiwanese banks. Log in to your MAX account, navigate to the deposit section, and follow the instructions to initiate a transfer from your bank account. Deposits are generally processed within one business day.
Buying Cryptocurrency on MAX
MAX supports a variety of cryptocurrencies, but Tether (USDT) is one of the most popular choices for traders due to its stability relative to the US dollar.
Purchasing USDT
After depositing NTD, go to the trading section of your MAX account. Select the USDT/NTD trading pair and enter the amount you wish to purchase. You can choose between a market order (executed immediately at current prices) or a limit order (executed only at a specified price). Confirm the transaction, and the USDT will be credited to your MAX wallet.
Storing Your Crypto Assets
While you can keep your crypto on the exchange, it's generally safer to transfer large amounts to a private wallet. For regular trading, however, leaving assets in your exchange wallet is convenient.
Withdrawing Crypto from MAX
To use your USDT on other international exchanges or in decentralized applications, you'll need to withdraw it from your MAX account.
Sending USDT to Another Exchange
Navigate to the "Withdraw" or "Send" section in your MAX wallet. Enter the recipient's wallet address from the external exchange, double-checking for accuracy to avoid losses. Specify the amount of USDT you wish to transfer and confirm the transaction. Network fees will apply, and processing times can vary depending on blockchain congestion.
Cashing Out to Your Bank Account
Converting crypto back to NTD and withdrawing to your bank is straightforward on MAX.
Selling USDT for NTD
Go to the trading section and sell your USDT for NTD. Once the sale is complete, the NTD will be available in your MAX fiat wallet.
Initiating a NTD Withdrawal
In the withdrawal section, select NTD and enter your bank account details. Confirm the amount and submit the request. Withdrawals typically take one business day to process and appear in your bank account.
Frequently Asked Questions
Q: Is MAX Exchange safe to use?
A: MAX employs industry-standard security measures, including two-factor authentication (2FA) and cold storage for digital assets. It is also compliant with local regulations, providing a reliable environment for traders.
Q: What is the minimum deposit amount on MAX?
A: The minimum deposit and withdrawal amounts may vary depending on your bank and the type of transaction. Check the MAX website for the latest fee schedules and limits.
Q: Can I use MAX without completing identity verification?
A: No, verification is mandatory to deposit, trade, or withdraw funds. This is a standard requirement across most regulated exchanges to prevent fraud and ensure compliance.
Q: How long do crypto withdrawals take?
A: Withdrawal times depend on network conditions. For USDT transfers, it can take from a few minutes to an hour. Always confirm transaction status on the blockchain explorer.
Q: Are there fees for depositing NTD?
A: MAX does not charge deposit fees for NTD bank transfers, but your bank might. Review your bank's policies for accurate information.
Q: What should I do if my transaction fails?
A: First, check your internet connection and verify that you have sufficient funds. If the issue persists, contact MAX customer support with relevant transaction details.
Whether you're looking to buy your first crypto or cash out gains, MAX provides a straightforward gateway between traditional finance and digital assets. For those exploring advanced trading tools or a wider range of cryptocurrencies, consider using a major international platform. 👉 Compare top exchanges for advanced features
Always remember that cryptocurrency investments carry risk. Start with small amounts, ensure you understand each step, and never invest more than you can afford to lose.