Crypto Onboarding Guide: Deposit, Withdrawal & USDT Transfer Process

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Navigating the world of cryptocurrency can feel overwhelming, especially when you're just starting out. From depositing funds to transferring stablecoins like USDT across exchanges, each step requires attention to detail and an understanding of blockchain mechanics. This guide walks you through the essential processes—fiat on-ramping, buying USDT, and transferring it securely—using clear, beginner-friendly language while optimizing for search intent around core crypto onboarding actions.

Understanding Fiat On-Ramp: Deposit and Withdrawal Process

Before diving into digital assets, you need a reliable way to move money between your bank account and a regulated crypto exchange. For users in Taiwan, platforms like Max (formerly Maicoin) offer a compliant gateway using local banking infrastructure.

Once your identity and bank account are verified:

  1. Go to Wallet → Select TWD
  2. Tap Deposit → Choose Bank Account

After verification, Max assigns each user a dedicated Far Eastern International Bank account number. This isn’t a shared pool—your personal account is uniquely linked to your profile for compliance and tracking purposes.

Important: Deposits must originate from your pre-verified bank account only. Transfers from third-party accounts will be rejected.

The flow works as follows:

For smoother authentication, use the Maicoin App on mobile. You’ll receive SMS or email confirmations during transactions, adding an extra layer of security and real-time feedback.

👉 Learn how to securely manage your first crypto transaction today.

Why Start with USDT? The Role of Stablecoins

When entering the crypto market, volatility is a major concern. That’s where USDT (Tether) comes in—a stablecoin pegged 1:1 to the U.S. dollar. Unlike Bitcoin or Ethereum, USDT maintains price stability because it's backed by reserves of real-world assets, primarily cash and cash equivalents.

According to Tether Ltd., every USDT issued is supported by equivalent USD holdings, allowing users to redeem their tokens at any time. While debates about reserve transparency exist, USDT remains one of the most widely adopted stablecoins globally due to its liquidity and integration across exchanges.

Think of USDT as the "universal currency" of crypto trading. Just like you’d exchange Taiwanese dollars (TWD) for U.S. dollars (USD) before converting to Zimbabwean dollars, you typically convert TWD to USDT before purchasing other cryptocurrencies on international exchanges.

This makes USDT a foundational asset in nearly all trading strategies—especially for beginners who want to avoid sudden value swings while learning the ropes.

Step-by-Step: Buying USDT with TWD

With your fiat deposited, you’re ready to acquire your first digital asset.

In the Maicoin App:

  1. Navigate to Trade → Select USDT
  2. Tap the Buy/Sell button in the top-right corner

  3. Choose Buy, then enter either:

    • The amount of USDT you’d like to purchase
    • The TWD amount you wish to convert
  4. Confirm the transaction by tapping Buy

Selling works the same way—just select Sell instead.

Transactions are typically processed instantly during business hours. Always double-check exchange rates and fees before confirming large trades.

Transferring USDT to Binance: Cross-Exchange Movement

Now that you hold USDT on Max, you may want to transfer it to another platform—like Binance—for broader trading options or lower fees.

Here’s how to do it safely:

On Binance:

  1. Open the Binance App and log in
  2. Tap Funds (bottom right) → Select Spot Wallet
  3. Search for USDT and tap it
  4. Click Deposit → Select network: Tron (TRC20)
  5. Copy the provided wallet address

Back on Maicoin:

  1. Go to Wallet → Choose USDT
  2. Tap Send → Select Withdrawal Address
  3. Tap the + icon to add a new address

  4. Enter:

    • A recognizable name (e.g., “My Binance Wallet”)
    • Your email (optional but recommended)
    • Paste the Binance TRC20 address
  5. Save the address
  6. Select the newly added address
  7. Enter the amount of USDT to send
  8. Confirm and submit

✅ Critical Reminder: Ensure both ends use the TRC20 network. Sending via ERC-20 or BEP-20 could result in lost funds if the receiving wallet doesn’t support that chain.

Blockchain confirmations take time—usually under 30 minutes for TRC20 transfers—but delays can occur during network congestion.

👉 Discover faster and more efficient ways to move digital assets globally.

Common Questions About Crypto Transfers

To help build confidence and clarity, here are some frequently asked questions:

Q: Can I deposit directly from my bank to Binance using TWD?

A: No, Binance does not support direct TWD deposits for most users in Taiwan. You’ll need a local exchange like Max or MEXC that offers TWD banking integration before converting to USDT and transferring.

Q: What happens if I send USDT using the wrong network?

A: If you accidentally use ERC-20 instead of TRC20 (or vice versa), your funds may not appear in your wallet—or worse, be permanently lost. Always verify the correct network on both sending and receiving platforms before initiating a transfer.

Q: Are there fees for transferring USDT via TRC20?

A: Yes, but they’re minimal—typically less than $1. TRC20 is known for low transaction costs compared to Ethereum’s ERC-20, which can spike during high demand.

Q: How long does a USDT transfer take?

A: Most TRC20 transfers complete within 5–20 minutes. However, processing times depend on blockchain congestion and the receiving exchange’s confirmation requirements.

Q: Is USDT safe to hold long-term?

A: While convenient for trading, USDT is best used as a medium-term bridge rather than a long-term store of value. Consider diversifying into other assets or withdrawing profits to regulated financial institutions over time.

Q: Why choose TRC20 over other networks?

A: TRC20 offers fast settlement and low fees due to high scalability. It’s widely supported on major exchanges and ideal for frequent traders moving moderate amounts of stablecoins.

Final Tips for Secure and Smooth Transactions

As you begin your journey into crypto, remember these best practices:

Whether you're funding your first trade or expanding into global markets, mastering these foundational steps builds confidence and reduces risk.

👉 Start exploring secure, low-cost crypto transfers with a trusted global platform.

Core Keywords Integrated Naturally:

By following this structured approach, new investors can navigate entry points into cryptocurrency with greater clarity, safety, and efficiency—setting a solid foundation for future exploration in digital asset management.