Cryptocurrency investors, especially those based in Taiwan, often seek reliable and compliant platforms to manage their digital assets. MAX Exchange stands out as one of the few platforms registered under Taiwan’s Financial Supervisory Commission (FSC) guidelines, specifically adhering to the "Anti-Money Laundering Registration Rules for Virtual Asset Service Providers." This compliance ensures a secure environment for users looking to buy, trade, or withdraw cryptocurrencies like USDT.
This guide will walk you through two essential withdrawal methods on MAX Exchange:
- Withdrawing cryptocurrency (e.g., USDT) to an external wallet
- Converting USDT into New Taiwan Dollars (TWD) and withdrawing to your local bank account
Whether you're planning to move funds for further investment or cash out profits, this step-by-step tutorial ensures clarity, safety, and efficiency.
Withdraw Method 1: Transfer Cryptocurrency to External Wallet
If you’ve purchased USDT or other supported cryptocurrencies on MAX and wish to transfer them elsewhere—be it another exchange like Binance or a personal crypto wallet—follow these steps.
Step 1: Access Your Wallet
Open the MAX Exchange app and tap on the "Wallet" tab at the bottom of the screen. Locate the cryptocurrency you'd like to withdraw—in this case, USDT—and select it.
Step 2: Initiate the Transfer
On the USDT balance page, tap the "Send" button at the top. You'll be shown a brief notice about withdrawal precautions. After reading, confirm by tapping "I Understand."
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Step 3: Set Recipient Address and Network
Now, you’ll need to:
- Select or add a withdrawal address: If this is your first time, tap "Choose Withdrawal Address", then the "+" icon to enter a new address.
Choose the blockchain network: MAX supports multiple networks for USDT transfers. To minimize fees and ensure fast confirmation, consider the following options (listed from lowest to highest fee):
- POLYGON (MATIC)
- Binance Smart Chain (BSC)
- TRON (TRC-20)
- Ethereum (ERC-20)
⚠️ Critical Tip: Always double-check that the recipient address matches the selected network. Sending USDT via ERC-20 to a TRC-20-only wallet may result in permanent loss of funds.
Enter the amount you wish to withdraw. The minimum withdrawal is 20 USDT.
Step 4: Confirm and Complete
Before finalizing, review all details:
- Recipient address (check first and last few characters)
- Withdrawal amount
- Network and estimated transaction fee
Once confirmed, submit the request. You’ll receive an SMS verification code from MAX—enter it to complete the transaction.
Your USDT will be on its way, typically arriving within minutes depending on network congestion.
Withdraw Method 2: Convert USDT to TWD and Withdraw to Bank Account
For users who want to cash out their crypto gains into fiat currency, MAX allows direct conversion of USDT to TWD and withdrawal to a linked local bank account.
Step 1: Find the USDT/TWD Trading Pair
Go to the "Trade" section in the app. Use the search bar and type "TWD" to see all available fiat trading pairs.
Tap on USDT/TWD to enter the trading interface. This pair enables you to sell your USDT for New Taiwan Dollars directly.
💡 Note: If you hold other cryptocurrencies (like BTC or ETH), check if they have a TWD trading pair. If not, consider converting them to USDT on another exchange first (e.g., Binance), then transfer USDT to MAX for TWD conversion.
Step 2: Place a Sell Order
In the trading interface, switch to the "Buy/Sell" panel. Select "Sell" (on the right side).
Set your:
- Selling price (you can use market price for immediate execution)
- Selling quantity
The app will display the estimated TWD amount you’ll receive. Review it carefully, then tap "Sell" to place the order.
Wait for your sell order to be 100% filled before proceeding.
Step 3: Navigate to TWD Wallet and Initiate Withdrawal
Return to the "Wallet" section and select TWD from your asset list.
Tap "Withdraw", then read and accept the withdrawal terms by tapping "I Understand."
Step 4: Enter Amount and Confirm
Input the amount of TWD you’d like to withdraw. The minimum is 100 TWD per transaction.
After entering the amount, confirm the details. You’ll be prompted to enter an SMS verification code sent by MAX to authenticate the withdrawal.
Once verified, your funds will be processed. Withdrawals are typically credited within one business day.
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🕒 Pro Tip: To maximize same-day processing, initiate your withdrawal:
- Between Monday and Thursday before midnight, or
- On weekdays before 8:00 AM
Based on user reports, these time windows increase the likelihood of same-day bank crediting.
Frequently Asked Questions (FAQ)
Q1: Is MAX Exchange legal and safe for Taiwanese users?
Yes. MAX Exchange is registered under Taiwan’s FSC guidelines for virtual asset service providers, making it one of the most compliant and trusted platforms for local users. Always verify platform legitimacy through official regulatory sources.
Q2: What are the fees for withdrawing USDT?
MAX does not charge additional fees beyond network gas fees. These vary by blockchain:
- POLYGON: Lowest cost (~$0.01–$0.10)
- BSC: Low cost (~$0.10–$0.30)
- TRC-20: Moderate
- ERC-20: Highest due to Ethereum gas
Choose wisely based on urgency and cost tolerance.
Q3: How long does it take to receive withdrawn USDT?
Most blockchain transfers complete within 5–30 minutes, depending on network traffic. POLYGON and BSC are generally fastest.
Q4: Can I withdraw directly from BTC or ETH to TWD?
Yes, if MAX supports a direct BTC/TWD or ETH/TWD trading pair. Otherwise, convert to USDT first, then exchange for TWD.
Q5: Why was my withdrawal delayed?
Possible reasons include:
- Unverified sell order (must be 100% filled)
- Incorrect bank details
- High volume during peak hours
- SMS verification not completed
Ensure all steps are fully completed and information is accurate.
Q6: Do I need KYC verification to withdraw?
Yes. To comply with AML regulations, you must complete identity verification (KYC) and link a verified bank account before any TWD withdrawal.
Final Thoughts
MAX Exchange offers a seamless and regulated pathway for Taiwanese investors to manage their digital assets—whether you're transferring USDT to an external wallet or converting crypto profits into spendable New Taiwan Dollars.
By following this guide, you can confidently execute both types of withdrawals while minimizing risks related to network selection, incorrect addresses, or timing delays.
Always remember:
- Verify addresses and networks carefully
- Monitor transaction fees across chains
- Use optimal times for faster fiat settlements
For those new to crypto investing or seeking a compliant local exchange, MAX provides a trustworthy bridge between digital currencies and traditional finance.
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This article is for informational purposes only and does not constitute financial advice or investment recommendations. Cryptocurrency investments carry high risk; conduct your own research before making any decisions.