Navigating cryptocurrency exchanges can be challenging, especially when it comes to withdrawing funds. If you're using BitoPro, one of Taiwan’s leading local exchanges, understanding the correct withdrawal process is essential for a smooth and secure experience. This comprehensive guide walks you through how to withdraw TWD to your bank account and transfer cryptocurrencies to other platforms, including details on processing times, fees, limits, and tax considerations.
Whether you’re cashing out profits or moving assets for further investment, this article ensures you’re equipped with accurate, up-to-date information—without any unnecessary distractions or promotional content.
BitoPro Withdrawal Methods Overview
BitoPro supports two primary withdrawal methods:
- TWD Withdrawal: Transfer Taiwanese dollars back to your linked local bank account. Ideal for users who’ve sold crypto on BitoPro and want to access fiat.
- Cryptocurrency Withdrawal: Send digital assets like USDT to external wallets or other exchanges such as OKX. Perfect for traders expanding their portfolio beyond local platforms.
Each method serves a distinct purpose, so your choice depends on your financial goals—not which is “better.”
👉 Discover seamless crypto transfers and manage your digital assets efficiently.
How to Withdraw TWD from BitoPro
To withdraw Taiwanese dollars from BitoPro, you must first convert your cryptocurrency holdings (typically USDT) into TWD.
Step 1: Sell Cryptocurrency for TWD
- Open the BitoPro app or website.
- Navigate to the Trading section.
- Select the USDT/TWD trading pair.
- Choose Sell, enter the amount of USDT, and confirm the transaction.
Once the sale is complete, your balance will reflect the equivalent TWD amount.
Step 2: Initiate TWD Withdrawal
- Go to Assets > Withdraw.
- Select TWD as the currency.
- Enter the withdrawal amount.
- Confirm the recipient bank account displayed at the top of the screen.
- Submit the request.
⏰ Processing Time:
- If submitted before 11:00 AM on a business day, funds typically arrive by 3:30 PM the same day.
- Requests after 11:00 AM or on weekends/holidays are processed on the next business day.
Most users receive funds within one business day, though timing may vary slightly depending on banking systems.
How to Withdraw Cryptocurrency from BitoPro
Transferring crypto off BitoPro requires careful attention to network compatibility and address accuracy.
Step 1: Get Your Receiving Address
Let’s say you’re sending USDT to OKX via the TRC20 network:
- Log in to your OKX account.
- Go to Funds > Deposit.
- Search for USDT.
- Select the TRC20 (Tron) network.
- Copy the provided deposit address.
Using TRC20 is recommended due to low fees and wide support.
Step 2: Initiate Crypto Withdrawal on BitoPro
- In the BitoPro app, go to Assets > Withdraw.
- Choose USDT.
- Select TRC20 as the network (crucial—mismatched networks risk fund loss).
- Paste the copied address.
- Enter the amount.
- Confirm and submit.
⏱️ Transfer Speed: Most TRC20 transactions settle within 5 minutes, though congestion may cause minor delays.
Always double-check both the address and network before confirming.
👉 Learn how top traders manage cross-exchange transfers with precision and speed.
BitoPro Withdrawal Limits
Understanding withdrawal caps helps avoid failed transactions.
TWD Withdrawal Limits
- Minimum: NT$100
- Maximum per transaction: NT$1,000,000
- Daily limit: NT$2,000,000
- Monthly limit: NT$5,000,000
- Limits reset on the 1st of each month
Cryptocurrency Withdrawal Limits (Examples)
USDT:
- Per transaction: 10 – 300,000 USDT
- Daily: Up to 500,000 USDT
USDC:
- Per transaction: 10 – 200,000 USDC
- Daily: Up to 1,000,000 USDC
Limits vary by coin and may change; always verify current thresholds in-app.
BitoPro Withdrawal Fees
Transparent fee structure enhances trust and planning.
TWD Withdrawals
- Fixed fee: NT$30 per transaction
- Applies regardless of bank type (local or remote)
Cryptocurrency Withdrawals
- Varies by network and asset
- Example: USDT via TRC20 – 1 USDT per transfer
Compared to other Taiwan-based exchanges, BitoPro’s fees are competitive, especially for infrequent withdrawals.
👉 Compare global withdrawal standards and optimize your transfer strategy today.
Processing Times Summary
| Withdrawal Type | Average Time |
|---|---|
| TWD (Bank Transfer) | Same day (if before 11 AM) |
| Crypto (e.g., USDT) | ~5 minutes (network-dependent) |
Delays may occur during high traffic or system maintenance periods.
Is Tax Payable When Withdrawing from BitoPro?
Yes—capital gains from crypto trading are taxable in Taiwan under “Domestic Property Transaction Income.” However:
- Tax is not collected at withdrawal.
- You report profits during annual May income tax filing.
- Rates depend on your personal income bracket.
🚨 Warning: Any request for additional funds during withdrawal is a scam. Legitimate platforms never demand extra payments to release funds.
User Experience & Tips
Compared to other local exchanges like MAX, BitoPro experiences fewer reports of account freezes or withdrawal holds—making it a more reliable option for hassle-free exits.
However:
- Best suited for small-to-medium withdrawals (< NT$500,000).
- For larger amounts, consider exchanges supporting USD pairs (e.g., Bitfinex, XREX), allowing potential benefits under overseas income tax rules.
Frequently Asked Questions (FAQ)
Q: Can I reduce BitoPro withdrawal fees?
A: No. Unlike some platforms, BitoPro does not offer fee discounts via utility tokens or loyalty programs. Fees are fixed per transaction.
Q: What should I do if my withdrawal is delayed?
A: Contact BitoPro customer support. Delays can stem from bank processing windows, internal audits, or high network load.
Q: What does "Withdrawal Processing" mean?
A: It indicates your request is under review or being executed. If status persists beyond 1–2 business days, reach out to support.
Q: Can I withdraw to any bank in Taiwan?
A: Yes, as long as it's verified and linked in your BitoPro account. Both local and remote banks are supported.
Q: What happens if I use the wrong network for crypto withdrawal?
A: Funds may be lost permanently. Always match the sending and receiving network (e.g., ERC20 → ERC20, TRC20 → TRC20).
Q: Do I need KYC to withdraw?
A: Yes. Identity verification is mandatory before enabling withdrawal functions on BitoPro.
Final Thoughts
Withdrawing from BitoPro—whether in TWD or cryptocurrency—is straightforward once you understand the steps. Key takeaways:
- Always sell crypto before withdrawing TWD.
- Double-check network types and addresses for crypto transfers.
- Be aware of daily/monthly limits and fixed fees.
- Stay informed about tax obligations—withdrawals aren't tax events, but profits are taxable.
By following this guide, you’ll minimize errors and maximize efficiency in managing your digital wealth.
Remember: The crypto space moves fast—stay cautious, stay informed, and always prioritize security over speed.