Entering the world of cryptocurrency can feel overwhelming, especially with the rise of new digital assets like Bitcoin, Ethereum, Dogecoin, and even meme-inspired tokens. If you're a complete beginner in Taiwan or elsewhere looking to get started in 2025, this guide breaks down the three most effective and secure ways to buy crypto—without falling for scams or making costly mistakes.
Whether you’re investing for the long term or exploring active trading, understanding how to safely purchase digital assets is your essential first step. Let’s dive into the fundamentals.
The First Question: Do You Have a Crypto Wallet?
Before buying any cryptocurrency, ask yourself: Do I have a crypto wallet? While it’s possible to buy crypto without immediately setting up a personal wallet (your holdings can be stored on an exchange), owning a private wallet gives you full control over your assets and enhances security.
For beginners, there are three primary methods to buy cryptocurrency:
- Ask a trusted person to buy for you
- Use a digital asset trading platform
- Buy directly from a cryptocurrency exchange
Each method varies in terms of safety, convenience, fees, and long-term flexibility. Let’s explore them one by one.
👉 Discover how to securely start your crypto journey today.
Method 1: Ask a Trusted Person to Buy Crypto for You
This is the simplest—but riskiest—option. If you know someone experienced in crypto who you trust completely, they can help you purchase and store digital assets on your behalf.
However, never let strangers handle your money. There are countless scams where fraudsters take your funds and disappear. Even with friends or family, misunderstandings about ownership or access can lead to disputes.
While this method requires no technical knowledge, it sacrifices control and transparency. It's best used only as a temporary solution while you learn the basics.
Pro Tip: Use this route only if you're just testing the waters and plan to transition to self-custody soon.
Method 2: Use a Digital Asset Trading Platform
Digital asset platforms act as intermediaries—they buy or sell crypto on your behalf and charge a markup or service fee. These platforms are user-friendly and ideal for beginners who want to make simple purchases without diving into complex trading interfaces.
One well-known platform in Taiwan is Maicoin, which supports nearly 40 cryptocurrencies including Bitcoin (BTC), Ethereum (ETH), and USDT.
How to Buy on a Platform Like Maicoin
- Register & Complete KYC
Sign up and complete identity verification (KYC) using government-issued ID and a selfie. This process ensures compliance and security. - Wait for Approval
Verification may take 1–14 days depending on volume. - Deposit TWD & Buy Crypto
Once approved, deposit Taiwanese dollars via bank transfer or convenience store payment (e.g., Hi-Life). Then select the cryptocurrency you want and enter the amount in TWD or units. - Confirm & Pay
The displayed price reflects real-time market rates with a small premium. After placing your order, you’ll have 10 minutes to complete payment. - Receive Your Crypto
Upon confirmation, your purchased coins appear in your account wallet.
Note: Prices fluctuate constantly due to 24/7 markets. The final amount you receive is locked only after submitting your order.
These platforms are great for one-off purchases but often come with higher fees due to bid-ask spreads. They’re not ideal for frequent traders.
👉 Learn how top platforms simplify crypto access—start here.
Method 3: Buy on a Cryptocurrency Exchange (Recommended)
For serious investors and future traders, using a cryptocurrency exchange is the best long-term strategy. Exchanges like OKX offer direct access to global markets, lower fees, advanced tools, and additional features such as staking, lending, and futures trading.
Think of an exchange as a stockbroker for digital assets—it enables direct peer-to-peer trading, real-time pricing, and full portfolio management.
Why Choose an Exchange?
- Lower transaction fees compared to intermediary platforms
- Access to hundreds of tradable cryptocurrencies
- Built-in wallet functionality and withdrawal options
- Earning opportunities through staking or savings programs
How to Buy Crypto on an Exchange
- Sign Up & Verify Identity
Register on a reputable exchange and complete KYC verification. - Deposit Taiwanese Dollars
Use bank transfer or P2P (peer-to-peer) trading to fund your account with TWD. - Buy Stablecoins First (Recommended)
Most beginners should start by purchasing USDT (a stablecoin pegged to the USD). This avoids volatility while you prepare for further trades. - Start Trading
Swap USDT for BTC, ETH, SOL, or other altcoins based on your research. - Secure Your Assets
For large holdings, consider transferring funds to a private hardware wallet.
Warning: P2P trading carries risks—always trade with highly rated sellers and confirm payment before releasing crypto.
Key Factors When Choosing a Crypto Platform
Not all exchanges are created equal. Evaluate platforms based on:
- Security: Look for cold storage, two-factor authentication (2FA), and insurance funds.
- Reputation: Check user reviews and regulatory compliance.
- User Interface: A clean, intuitive design helps beginners navigate confidently.
- Supported Coins & Features: Ensure the platform offers the assets and tools you need.
Popular global exchanges include OKX, Binance, and Bybit—all supporting TWD deposits and offering robust security frameworks.
Frequently Asked Questions (FAQ)
What is a trading pair?
A trading pair represents two currencies being exchanged—like BTC/USDT. To buy Bitcoin using USDT, you’d place an order in the BTC/USDT market. You must hold the quote currency (USDT) to make the trade.
Do different exchanges have price differences?
Yes. Due to varying liquidity and demand, prices for the same cryptocurrency can differ slightly across exchanges. Arbitrage traders exploit these gaps, but for most users, the difference is minimal.
How do I withdraw crypto from an exchange?
To transfer crypto off an exchange:
- Copy the recipient wallet address.
- Select the correct blockchain network (e.g., ERC-20, BEP-20).
- Send a small test transaction first.
- Confirm receipt before sending larger amounts.
Mistakes in network selection can result in permanent loss—double-check everything!
Do I need to pay taxes on crypto gains?
In Taiwan, capital gains from cryptocurrency are considered taxable income. While regulations are still evolving:
- Domestic trading profits should be reported in annual income tax filings.
- Overseas earnings under NT$1 million per year are currently exempt; above that threshold, reporting is required.
Always consult a tax professional familiar with digital assets.
Can I use a credit card to buy crypto?
Yes, many exchanges allow credit card purchases. However, fees are typically higher (3–5%), and some banks block such transactions due to regulatory concerns. Use this method only for small, urgent buys.
Is it safe to keep crypto on an exchange?
Exchanges are convenient but not fully secure long-term storage solutions. For significant holdings, use a non-custodial wallet where only you control the private keys.
Final Thoughts: Start Smart in 2025
Buying cryptocurrency doesn’t have to be complicated. By choosing the right method—whether starting with a trusted platform or jumping straight into a full-featured exchange—you set yourself up for success in the digital economy.
Remember: security comes first, knowledge builds confidence, and gradual learning beats rushed decisions.
👉 Begin your secure crypto investment journey now—get started on OKX.
Whether you're buying Bitcoin for the first time or planning to explore DeFi and NFTs later, taking that first step with clarity and caution makes all the difference in 2025 and beyond.
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