Investing in cryptocurrency has become increasingly accessible, especially for users in Taiwan who want to use their local currency—New Taiwan Dollar (TWD)—to enter the digital asset market. One of the most trusted platforms for this purpose is MAX Exchange, a leading cryptocurrency exchange that supports TWD trading and prioritizes user security and regulatory compliance.
This comprehensive guide walks you through everything you need to know about registering on MAX Exchange, completing identity verification, and preparing your account for seamless crypto trading—all while using your local currency.
What Is MAX Exchange?
MAX Exchange, launched in 2018 under the MainCoin Group, ranks among the top 50 global cryptocurrency exchanges by trading volume and stands as Taiwan’s largest digital asset trading platform. It offers a wide range of services including spot trading, TWD deposit and withdrawal support, transaction fee discounts, and robust security infrastructure.
One of MAX’s standout features is its industry-first initiative to place user fiat funds under bank trust custody. Your New Taiwan Dollar deposits are safeguarded by Far Eastern International Bank, significantly reducing counterparty risk and enhancing transparency.
Additionally, MAX operates physical service centers where users can receive face-to-face consultations and guidance on navigating the crypto market:
- Taipei Branch: No. 104, Section 1, Bade Road, Zhongzheng District
- Taichung Branch: 2F, No. 552, Wenhua Road, Nantun District
These brick-and-mortar locations make MAX a unique hybrid between traditional finance and modern blockchain technology, offering both digital convenience and real-world support.
Preparing for Registration
Before starting your registration process on MAX Exchange, gather the following documents and information:
- National ID card (Taiwan)
- Secondary ID (health insurance card, passport, driver’s license, or mobile phone bill)
- Smartphone with internet access
- Tax invoice carrier number (for e-invoice storage)
- Valid email address
- Personal bank account linked to your ID
- Blank sheet of paper and pen (for photo verification)
- Optional: Referral code for fee discounts
The account setup involves two verification levels—Level 1 (Lv.1) and Level 2 (Lv.2)—each designed to ensure compliance with anti-money laundering (AML) and know-your-customer (KYC) regulations.
Step-by-Step: Completing Lv.1 Verification
1. Create Your MAX Account
Visit the official MAX Exchange website and click “Sign Up” in the top-right corner. Enter a valid email address and create a strong password that includes at least eight characters with uppercase letters, lowercase letters, and numbers.
2. Verify Your Email
Check your inbox for an activation email from MAX. Click the link labeled “Activate Your Exchange Account” to confirm ownership of the email address.
3. Link Your Phone Number
Navigate to Account Settings in your profile dashboard and proceed to verify your mobile number via SMS authentication. This adds an additional layer of identity confirmation.
4. Fill in Personal Information
Provide accurate details such as full name, date of birth, gender, national ID number, and tax invoice carrier number. Accuracy here ensures smoother processing during later stages.
5. Submit Identity Documents
For Lv.1 verification, upload four essential photos:
- Front of your Taiwan national ID card
- Back of your Taiwan national ID card
- A secondary ID document (e.g., health insurance card)
- Selfie holding your ID and a handwritten note
🔍 Important: In the selfie, clearly show your face and the entire ID card. On the white paper, write: “For MAX Platform Registration Only, 20YY/MM/DD”. Have someone assist with taking the photo to ensure clarity and correct text orientation.
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6. Enable Two-Factor Authentication (2FA)
Go to Security Settings > Two-Factor Authentication. While SMS-based verification is default, it's highly recommended to set up Google Authenticator for stronger protection.
Scan the QR code or manually enter the secret key into the Google Authenticator app. Save this key securely—losing it may complicate future account recovery.
Once configured, activate Google 2FA to complete this step.
After submitting all required materials, allow several business days for review. During this waiting period, finalize your 2FA setup to enhance account security.
Advancing to Lv.2 Verification
1. Confirm Approval of Lv.1
Upon successful Lv.1 review, MAX will notify you via email. You can now proceed to upgrade your account level.
2. Verify Your Bank Account
Under Personal Settings > Bank Account, link your local bank account by entering your bank name, branch code, and account number.
MAX will perform a small test deposit or deduction to confirm ownership. This process typically takes 3–5 business days for approval.
Once verified, your account will be upgraded to Lv.2 status, unlocking full functionality—including TWD deposits and withdrawals—for immediate cryptocurrency trading.
Why Choose MAX for Buying Crypto with TWD?
- ✅ Local Currency Support: Deposit and withdraw TWD directly.
- ✅ Regulated & Secure: Bank-trust custody model protects fiat assets.
- ✅ User-Friendly Interface: Designed for beginners and experienced traders alike.
- ✅ Physical Service Centers: Real-person support across major cities.
- ✅ Fee Discounts Available: Use referral codes during sign-up for reduced trading fees.
While registration may seem detailed, these steps reflect MAX’s commitment to legal compliance and user protection—critical factors when choosing a reliable exchange.
Frequently Asked Questions (FAQ)
Q: Can I buy cryptocurrency directly with TWD on MAX?
A: Yes. After completing Lv.2 verification, you can deposit TWD via bank transfer and use those funds to purchase cryptocurrencies like Bitcoin (BTC), Ethereum (ETH), and USDT instantly.
Q: How long does verification take?
A: Lv.1 typically takes 1–3 business days; Lv.2 adds another 3–5 days due to bank verification requirements.
Q: Is my money safe on MAX Exchange?
A: MAX employs multiple security layers including cold wallet storage, SSL encryption, and bank-trust custody of TWD funds through Far Eastern International Bank.
Q: Do I need a referral code to register?
A: No—it's optional. However, using one may grant benefits like temporary fee reductions or promotional offers.
Q: Can foreigners register on MAX?
A: Currently, MAX primarily serves residents of Taiwan with valid national ID cards and local bank accounts.
Q: What cryptocurrencies are available on MAX?
A: The platform supports major assets including BTC, ETH, USDT, DOT, ADA, SOL, and more—with regular additions based on market demand.
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Final Thoughts
Registering on MAX Exchange is a straightforward yet secure way for Taiwanese investors to enter the cryptocurrency market using TWD. With strong regulatory adherence, transparent fund management, and personalized customer support, MAX sets a high standard for regional crypto platforms.
While the multi-step verification process may require patience, each stage enhances safety and ensures long-term reliability. Whether you're new to crypto or expanding your investment portfolio, starting with a trusted exchange like MAX provides peace of mind and solid groundwork.
Remember: all investments carry risk. Always conduct independent research before making financial decisions.
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