How to Withdraw from Binance to Taiwanese Dollars: Step-by-Step Guide for Beginners

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Converting cryptocurrency back to fiat currency is a crucial skill for any digital asset investor, especially for those based in Taiwan. This comprehensive guide walks you through the entire process of withdrawing USDT from Binance and converting it into New Taiwan Dollar (TWD) using MAX Exchange, one of Taiwan’s most trusted and widely used crypto platforms. Whether you're a beginner or just looking for a clear, reliable method, this step-by-step tutorial ensures a smooth and secure transaction — all within minutes.

Understanding the Process: From Crypto to Cash

Before diving into the steps, it's important to understand how the conversion works. You’ll first transfer your USDT (a stablecoin pegged to the US dollar) from Binance to your wallet on MAX Exchange via the BEP20 (BSC) network. Once received, you can instantly sell USDT for TWD and withdraw the funds directly to your local bank account.

This method is fast, cost-effective, and widely adopted by Taiwanese investors due to MAX’s seamless integration with local banking systems.

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Step 1: Copy Your MAX Wallet Address

Start by opening the MAX App on your mobile device.

  1. Tap on Wallet.
  2. Select USDT from your asset list.
  3. Tap Receive.
  4. After reviewing the instructions, select Show Address (BSC).
  5. Tap Copy Address to save your wallet address to clipboard.
🔐 Security Tip: Always double-check the copied address before pasting. Never share your private keys or recovery phrases.

This address is where Binance will send your USDT. Make sure you're using the BSC (BEP20) network, as it offers low transaction fees and fast confirmation times.

Step 2: Initiate Withdrawal from Binance

Now switch to the Binance App.

  1. Go to Funds > Spot Wallet.
  2. Find and select USDT.
  3. Tap Withdraw.
  4. Choose Send via cryptocurrency network.
  5. Paste the MAX wallet address you copied earlier.

At this point:

  1. Tap Withdraw to proceed.

You'll now need to complete dual authentication:

Once confirmed, you’ll see a message saying “Withdrawal Processing.” Tap View History to monitor the status.

When complete, your USDT will be on its way to MAX — typically arriving within minutes.

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Step 3: Convert USDT to TWD on MAX

After confirming the USDT has arrived in your MAX wallet:

  1. Tap Trade > TWD Market > USDT/TWD.
  2. Under the Buy/Sell section, select Sell.
  3. Choose Market Price for instant execution.
  4. Enter the amount (e.g., 9.71 USDT).
  5. Tap Sell.

A warning may appear if you're selling more than 50% of your balance — simply tap Confirm to proceed.

Since market orders execute immediately, you’ll see a confirmation pop up almost instantly.

To verify:

Step 4: Withdraw TWD to Your Bank Account

Ready to cash out?

  1. In the TWD wallet, tap Withdraw.
  2. Read the withdrawal notice and tap I Understand.
  3. The bank listed will be the one linked during your MAX registration.
  4. Enter the withdrawal amount (minimum: NT$100).
  5. Tap Submit.

⏰ MAX TWD Withdrawal Schedule:

This fast settlement time makes MAX an ideal choice for users who want quick access to their fiat funds.

Frequently Asked Questions (FAQ)

Q1: Why use the BEP20 (BSC) network for transferring USDT?

The Binance Smart Chain (BEP20) offers low fees and fast transactions, making it ideal for transferring USDT between exchanges. It’s widely supported and cost-efficient compared to other networks like Ethereum (ERC20), which often have higher gas fees.

Q2: Is there a minimum amount I can withdraw from Binance?

While Binance doesn’t impose a high minimum for USDT withdrawals via BEP20, you must account for the fixed 0.29 USDT network fee. Transferring very small amounts may not be cost-effective.

Q3: How long does it take for USDT to arrive in my MAX wallet?

Most transfers via BEP20 complete within 1–5 minutes. You can track the transaction using a blockchain explorer like BscScan by pasting your wallet address.

Q4: Can I use other stablecoins besides USDT?

Yes, but USDT is recommended due to its high liquidity and stability. Other stablecoins like USDC or DAI may have limited support or less favorable exchange rates on some platforms.

Q5: Are there fees when selling USDT for TWD on MAX?

MAX charges competitive trading fees, typically a small percentage per transaction (often under 0.1%). These are automatically deducted when you place a sell order.

Q6: Is it safe to store funds on MAX?

MAX implements strong security measures including cold storage, two-factor authentication (2FA), and regular audits. As with any exchange, it’s wise to only keep funds needed for trading and move larger holdings to secure wallets.

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These terms reflect common search queries from users in Taiwan and Southeast Asia looking to liquidate digital assets into local currency.

Final Tips for Smooth Transactions

By following this guide, you’ve learned how to securely move funds from a global exchange like Binance to a local platform like MAX and convert them into spendable Taiwanese dollars — all in under five minutes.

Whether you're cashing out profits or rebalancing your portfolio, mastering this process empowers you to navigate the crypto-fiat bridge with confidence.

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