Investing in cryptocurrencies like Bitcoin (BTC) and Tether (USDT) has become increasingly accessible, especially through leading platforms such as Binance. As the world’s largest digital asset exchange by trading volume, Binance offers multiple ways to buy crypto—whether you're using a credit card, local bank transfer, or transferring from another wallet. This comprehensive guide walks you through the entire process: account registration, identity verification, and three main funding methods—credit card purchases, peer-to-peer (P2P) C2C transactions, and wallet transfers.
Core Keywords
Bitcoin, buy Bitcoin, Binance, cryptocurrency exchange, USDT, crypto wallet, P2P trading, digital currency investment
Understanding Binance and Its Three Funding Methods
Before diving into purchases, it's essential to understand how Binance works and what options are available for depositing funds.
1. Preparing to Buy Crypto
To start buying Bitcoin or other digital assets on Binance, you must first complete account registration and identity verification (KYC). This ensures compliance with global financial regulations and unlocks higher transaction limits. Once verified, you can access all of Binance’s services—from spot trading to futures contracts with up to 125x leverage.
👉 Discover how to securely set up your crypto investment journey today.
Binance supports over 280 cryptocurrencies and allows fiat deposits in multiple currencies, including USD, EUR, and TWD (New Taiwan Dollar). This makes it a top choice for investors in Taiwan looking to enter the crypto market.
2. Available Funding Options
Binance offers three primary ways to fund your account:
- Credit Card Purchase: Instantly buy crypto using Visa or Mastercard.
- C2C (Customer-to-Customer) Trading: Buy directly from verified sellers using local payment methods.
- Wallet Transfer (Deposit Crypto): Transfer existing cryptocurrencies from another wallet or exchange.
Each method has its advantages depending on your needs—speed, cost, or transaction size.
Buying Bitcoin via Credit Card on Binance
For beginners, purchasing crypto with a credit card is the fastest and most straightforward option. Binance supports direct purchases of Bitcoin (BTC), Ethereum (ETH), USDT, and several other major coins using Visa or Mastercard.
While the service typically charges a fee of around 2.5%, many users offset this cost through overseas transaction cashback offered by their credit cards.
Recommended Strategy: Start with USDT
Due to Bitcoin’s price volatility, experts often recommend first buying a stablecoin like USDT, which maintains a 1:1 peg with the US dollar. You can then trade USDT for BTC at your preferred entry point.
Step-by-Step Process:
- Log in to your Binance account.
- Click "Buy Crypto" → "Credit/Debit Card".
- Enter the amount and select USDT as the target currency.
- Follow the prompts to complete the payment.
After purchase, your USDT will be held in your Fiat & Savings wallet. To trade or invest, transfer it to your Spot Wallet or Futures Account.
⚠️ Note: Single transactions are usually capped at approximately NT$160,000, and some banks—like Citibank—may block crypto-related charges.
Using C2C (Peer-to-Peer) Trading to Buy Crypto with TWD
C2C trading lets you buy Bitcoin or USDT directly from other users on Binance’s platform. Think of it as an eBay or 8591 for cryptocurrencies—except all trades are protected by Binance’s escrow system.
This method is ideal for those seeking lower fees (often 0%), larger transaction volumes, and convenient local payment options such as:
- LINE Pay
- JKO Pay (StreetVoice)
- ShopeePay
- Local bank transfers
Why Choose C2C?
- No credit card fees
- Higher purchase limits
- Flexible payment methods tailored for Taiwan users
How to Buy via C2C:
Step 1:
Go to "Buy Crypto" → "C2C Trading", filter by TWD and preferred payment method.
Step 2:
Select a seller with high ratings and over 100 completed orders. Review their terms carefully before placing an order.
Step 3:
After making the payment via your chosen method, notify the seller through Binance’s chat system. Once confirmed, they’ll release the crypto—usually within 10 minutes.
Your purchased USDT will appear in your C2C Wallet. From there, transfer it to your Spot Account for trading.
👉 Learn how top investors manage their digital portfolios efficiently.
💡 Tip: Always communicate only within Binance’s secure messaging system and never release payment before receiving the crypto.
Transferring Crypto to Binance from Another Wallet or Exchange
If you already own cryptocurrencies on another platform—such as MAX (MaiCoin) or BitoEx—you can easily transfer them to Binance for broader trading opportunities.
This method is perfect for users who want to consolidate assets or take advantage of Binance’s advanced trading features and lower fees.
Example: Transferring USDT from MAX to Binance
Step 1:
On MAX, go to "Withdraw" → select USDT.
Step 2:
On Binance, navigate to Wallet → Spot Wallet → Deposit → choose USDT.
🔗 Ensure both platforms use the same network, such as ERC-20 or TRC-20. Mismatched networks can result in permanent fund loss.
Copy the deposit address provided by Binance and paste it into MAX’s withdrawal field.
Step 3:
Confirm the transaction on MAX. The transfer typically completes within 5–10 minutes, though blockchain confirmation times may vary.
Network fees apply—for example, ERC-20 transfers cost around 12–30 USDT depending on congestion.
✅ Best Practice: Always test with a small amount first before sending large sums.
Frequently Asked Questions (FAQ)
Q1: Is Binance legal and safe to use in Taiwan?
Yes, Binance operates globally and is widely used in Taiwan. While not locally regulated, it employs strong security measures including two-factor authentication (2FA), anti-phishing codes, and cold storage for 95% of user funds.
Q2: Can I sell Bitcoin on Binance?
Absolutely. You can sell BTC via C2C trading or convert it to USDT in the spot market. Withdraw proceeds to your bank account using P2P or convert back to fiat through supported channels.
Q3: What is the difference between USDT on ERC-20 vs. TRC-20?
ERC-20 runs on Ethereum (higher fees), while TRC-20 uses Tron (lower fees). Always match the network when depositing or withdrawing to avoid losses.
Q4: Why do I need KYC verification?
KYC (Know Your Customer) helps prevent fraud and complies with international regulations. It also unlocks higher withdrawal limits and access to advanced trading features.
Q5: How long does a wallet transfer take?
Most transfers settle within 10 minutes, but during peak network congestion, confirmations may take longer depending on blockchain traffic.
Q6: Can I trade futures on Binance?
Yes. Binance offers futures contracts on Bitcoin and over 20 other cryptocurrencies with leverage up to 125x. Suitable for experienced traders familiar with risk management.
Final Tips for New Crypto Investors
- Begin with stablecoins like USDT to minimize exposure to market swings.
- Use strong passwords and enable Google Authenticator for 2FA.
- Never share your recovery phrase or private keys.
- Stay updated on market trends and regulatory developments.
👉 Start building your future with smarter crypto investments now.
While this guide provides practical steps based on current platform functionality, always conduct independent research before investing. Cryptocurrency markets are highly volatile, and past performance does not guarantee future results.
By mastering these foundational skills—account setup, purchasing methods, and secure transfers—you’re well-equipped to navigate the dynamic world of digital finance with confidence.