Introduction
Which virtual currency exchange is best? How to choose a secure Bitcoin trading platform? What are the steps to open an account and buy cryptocurrencies? Many beginners in the crypto space have these questions...
This article will introduce a global ranking of virtual currency exchanges accessible to users in Taiwan, referencing data from CoinMarketCap. The ranking is based on trading volume, platform security, number of supported cryptocurrencies, fees, and other key indicators.
We will also evaluate the pros and cons of mainstream virtual currency exchanges available in Taiwan/Hong Kong to help you enhance fund security while selecting a platform that suits your needs.
👉 Discover the best crypto exchange for your needs
Key Considerations When Choosing a Virtual Currency Exchange
Before selecting an exchange, consider the following factors:
1. Security & Reliability
- Opt for well-established, large-scale exchanges like Binance, OKX, Bybit, or local Taiwanese exchanges (MAX, ACE, BitPro).
- Avoid small, unknown platforms with unclear regulatory compliance.
2. Trading Costs & Supported Cryptocurrencies
- Compare fees, supported coins, and liquidity.
- Exchanges like Binance and OKX offer low fees and a wide range of tradable assets.
3. User Experience & Chinese Support
- Ensure the platform has an intuitive interface and provides Chinese-language customer service.
Global Top 20 Virtual Currency Exchange Rankings (2023)
Here’s a comparison of the top 20 exchanges based on trading volume, fees, and supported regions:
| Rank | Exchange | Est. | Fees | Coins | 24H Volume | Chinese Support |
|----------|-------------|----------|----------|-----------|----------------|----------------------|
| 1 | Binance | 2017 | 0.1% | 600+ | $210B | ✅ |
| 2 | Coinbase | 2012 | 0.25% | 243 | $26B | ❌ |
| 3 | OKX | 2013 | 0.1% | 356 | $23B | ✅ |
| 4 | Kraken | 2011 | 0.2% | 226 | $15B | ✅ |
| 5 | Bybit | 2018 | 0.1% | 379 | $8B | ✅ |
👉 Compare fees and features across top exchanges
FAQs
Q1: Which exchange is safest for beginners?
A: Binance and Coinbase are highly recommended for their security, ease of use, and extensive educational resources.
Q2: Are Taiwanese exchanges reliable?
A: Yes, platforms like MAX and ACE are regulated and support TWD deposits/withdrawals.
Q3: What’s the difference between spot and derivatives trading?
A: Spot trading involves direct crypto purchases, while derivatives (e.g., futures) use leverage for higher-risk positions.
Final Thoughts
For spot trading, choose a reputable local exchange like MAX. For derivatives trading, global platforms like Binance and OKX offer superior liquidity and advanced tools.
Always prioritize security, low fees, and strong customer support when selecting an exchange.
Disclaimer: This content is for informational purposes only and does not constitute financial advice. Cryptocurrency investments carry risks; conduct your own research before trading.