HOYA BIT offers two primary withdrawal methods for users in Taiwan: TWD (New Taiwan Dollar) bank transfers and cryptocurrency wallet transfers. As a fully compliant exchange registered under Taiwan's Money Laundering Control Act, HOYA BIT provides secure options for converting digital assets to cash. This comprehensive guide explains both withdrawal processes in detail.
Understanding HOYA BIT Withdrawal Options
| Withdrawal Method | Description | Fees | Key Features |
|---|---|---|---|
| TWD Bank Transfer | Withdraw New Taiwan Dollars to your local bank account | NT$15 for non-Far Eastern Bank accounts | Minimum NT$100 withdrawal |
| Crypto Wallet Transfer | Send cryptocurrencies to external wallets or exchanges | Varies by blockchain network | Supports multiple blockchain networks |
Before proceeding with withdrawals, ensure you've completed:
- Account verification (KYC)
- Bank account linking for TWD withdrawals
- Security settings (2FA and withdrawal password)
Converting Crypto to TWD on HOYA BIT
Step 1: Select Trading Pair
Navigate to HOYA BIT's trading interface and choose the cryptocurrency/TWD pair you wish to trade (e.g., USDT/TWD).
Step 2: Execute Trade
Enter the amount you want to sell, review the conversion rate (valid for 7 seconds), and confirm the transaction.
👉 Get started with HOYA BIT account
TWD Bank Withdrawal Process
Access Withdrawal Page
- Open HOYA BIT app
- Select "Withdraw" > "TWD"
Enter Withdrawal Details
- Amount (minimum NT$100)
- Confirm via SMS/email verification
Processing Time: 1-2 business days
Limits:
- Daily: NT$2,000,000
- Monthly: NT$5,000,000
Crypto Wallet Withdrawal
- Obtain Receiving Wallet Address
Copy the deposit address from your destination wallet/exchange Initiate Transfer on HOYA BIT
- Select cryptocurrency
- Choose matching blockchain network
- Paste recipient address
- Confirm transaction
Important: Always double-check:
- Cryptocurrency type
- Blockchain network
- Wallet address
Frequently Asked Questions
Q: How long do withdrawals take?
A: TWD withdrawals process in 1-2 business days. Crypto transfers depend on blockchain confirmation times.
Q: What are the withdrawal limits?
A: TWD withdrawals have daily (NT$2M) and monthly (NT$5M) limits. Crypto withdrawals vary by asset.
Q: Are there withdrawal fees?
A: Yes - NT$15 for non-Far Eastern Bank TWD transfers. Crypto withdrawals incur network fees.
Q: Is HOYA BIT safe for withdrawals?
A: As a regulated Taiwan-based exchange, HOYA BIT complies with all financial regulations for secure transactions.
👉 Learn more about crypto security
Final Tips
- Always verify wallet addresses before sending crypto
- Monitor transaction status in your history
- Contact support if transactions exceed expected processing times
- Consider network fees when choosing withdrawal methods
Remember: Cryptocurrency investments carry risk. Only invest what you can afford to lose and always prioritize security measures.