Cashing Out Binance USDT to TWD Through a Taiwan Exchange
If you're holding USDT and want Taiwan dollars back, the route that works at the moment has three legs: withdraw the USDT from Binance to a Taiwan exchange, sell it there for TWD, and withdraw the TWD to a bank account in your own name. In October 2026 the TWD section of Binance P2P (C2C in the Chinese interface) lists no ads, so there is no buyer to sell to there. One section further down is written for readers in Hong Kong and covers what to check before releasing coins in a P2P sale.
Turning Binance USDT back into TWD: which routes are open now
There are two routes to consider for getting TWD into your own bank account:
| Route | How it works | Where to see the cost | Current status |
|---|---|---|---|
| Withdraw to a local exchange and sell there | Withdraw USDT from Binance, sell it for TWD on the local exchange, then withdraw the TWD to your own bank account | Binance's withdrawal page; the local exchange's fee page | The MAX and BitoPro fee pages both list USDT deposits and TWD withdrawals |
| Binance P2P (TWD section) | Sell to a buyer who has posted an ad; they transfer TWD to your account | The buyer's quote | No ads on the buy or the sell side, and the page says there are none; the HKD section has ads |
Binance also has a Sell page. The FAQ on Binance's TWD-to-USDT buy page goes only as far as saying that USDT can be converted back to TWD through the Sell or Convert features, subject to availability in your region; whether that TWD can then be sent to a bank account in Taiwan is not covered. Whether a pay-out-to-bank option exists is down to what the Sell page shows you. If there isn't one, use a local exchange.
Three things to have ready before you cash out
Before you move any coins, confirm these three things:
- Identity verification is finished on both Binance and the local exchange: if you're stuck at a step on the Binance side, see our Binance KYC troubleshooting guide. For the local exchange, follow the verification instructions on its official site.
- Your Binance account holds USDT you can withdraw: if the available balance on the withdrawal page falls short, move back whatever is sitting in futures or Earn first. If you hold Bitcoin or Ether instead, there's one more step: sell it for USDT on Binance spot, or, after confirming the local exchange has a TWD pair for that coin, withdraw the coin itself.
- The receiving bank account is ready: receive the TWD in a Taiwan bank account in your own name, and finish linking it on the local exchange.
Withdrawing USDT from Binance to a Taiwan exchange, selling for TWD and paying out to your bank
With a local exchange that handles TWD deposits and withdrawals, such as MAX or BitoPro, the order is: get the deposit address from the exchange first, then go back to Binance to withdraw.
- Copy your USDT deposit address on the local exchange: log in, open the USDT deposit page, choose a chain and copy the address; if the page shows a Memo (Tag), copy that too. The chains each of the two exchanges accepts are in the table in the fees section below.
- Paste the address on Binance's withdrawal page and select the same chain: on Binance, go to Withdraw, choose USDT, paste the address and compare the whole string, character by character, with the one on the local exchange's deposit page (details in what to check before you paste a wallet address), then select the same network you chose a moment ago. If Binance's withdrawal page doesn't offer that chain, go back to the local exchange and choose one that both sides have. Binance's own withdrawal fee and minimum withdrawal appear on the withdrawal page, chain by chain.
- Send a small amount before a large one: when an address is being used for the first time, withdraw a small amount, wait for it to be credited on the local exchange, then withdraw the rest. The price is paying Binance's withdrawal fee one extra time.
- Sell the USDT for TWD on the local exchange: place a sell order on the USDT/TWD pair; once it fills, your account holds a TWD balance.
- Withdraw the TWD to your own bank account: submit the request on the local exchange's TWD withdrawal page, and once it's credited, log in to your online banking to check the amount.
What cashing out costs: USDT deposit and TWD withdrawal fees at MAX and BitoPro
Once the USDT is on the local exchange there are three charges. Here is what the two official pages say:
| Exchange | USDT deposit | Trading fee for selling USDT (VIP 0) | TWD withdrawal |
|---|---|---|---|
| MAX | The page says the platform currently charges no deposit fee; USDT is listed on ERC20, TRC20, Polygon, BSC-BEP20, Arbitrum One, Avalanche C-Chain and Aptos | Maker 0.08%, taker 0.16% | 30 TWD fee for individual accounts; minimum withdrawal 100 TWD |
| BitoPro | Free; supports BEP20, ERC20, Kaia, Polygon and TRC20 | Maker 0.1%, taker 0.2% | 30 TWD fee; minimum withdrawal 100 TWD; up to 2,000,000 TWD per transaction and 2,000,000 TWD per day, 5,000,000 TWD per month |
Both rows are taken from the exchanges' own fee pages and are current to October 2026; MAX's page adds that its fees are adjusted with market conditions.
Binance's side adds two more:
- USDT withdrawal fee: charged per chain and displayed on Binance's withdrawal page once you select a network.
- Spot fee for selling another coin into USDT: if you already hold USDT, this one doesn't apply. Binance's fee page gives 0.1% for both maker and taker at the Regular User tier; for how the BNB discount is worked out, see how Binance fees are calculated.
Hong Kong readers selling USDT on Binance P2P: four checks before you release
Unlike the TWD section, the HKD section of Binance P2P has ads. Before using it, see which features Binance shows as available for your region. To sell, you pick a buyer's ad on the sell side and submit an order; the platform locks the USDT you're selling, the buyer transfers the money to the receiving account you registered, and you release the coins after confirming it has arrived. This is a trade made directly with an individual, so confirm four things before you release:
- The money has really been credited: log in to your online banking yourself and see the payment there, then go back to Binance and release. A transfer screenshot from the other side is no basis for releasing, however hard they push.
- The amount matches the order: if it doesn't, don't release; open an appeal on the platform. If the other side messages you after the order is complete asking for part of the money back, don't refund privately.
- The payer matches the verified name the platform shows: if the name on the incoming transfer differs from the buyer's verified name on the order page, don't release, and file an appeal.
- Your records are saved: order number, chat log and the credit entry in your online banking, all screenshotted and stored.
Weigh an ad's volume, completion rate and rating as a set, and pass over buyers quoting clearly above the market price. The remaining rules are in the P2P pages of Binance's help centre; wallet scam tactics are covered in the self-custody wallet scams guide.
When a cash-out gets stuck: USDT not credited, limits, a flagged bank account
Binance shows the withdrawal as completed, but the local exchange hasn't credited it
Find the transaction hash for the withdrawal in your Binance withdrawal history and paste it into the block explorer for that chain (TRON's TRONSCAN or Ethereum's Etherscan, for example) to see its status. MAX's transfer-information tab states that an asset is displayed in your account only after enough deposit block confirmations, and the same page lists how many each chain needs. If the chain shows enough confirmations and the local exchange still hasn't credited the USDT, take the transaction hash to that exchange's customer support; if it turns out you chose the wrong chain, what to do next is covered in sent crypto to the wrong chain or the wrong network: can you get it back?
Withdrawal limits
For the USDT withdrawal limit on the Binance side, look at the withdrawal page. TWD withdrawals from the local exchange are capped as well: BitoPro's caps are in the fee table above, and its quota is recalculated on the 1st of each month; MAX's are on its deposit and withdrawal limits tab. Anything over the cap has to wait until the quota resets.
The bank asks what the money is for
If your bank asks about the purpose of the funds, say truthfully that it's money from personally buying and selling crypto. The local exchange's sell records and TWD withdrawal records can back that up.
What to do if your bank account is flagged and frozen
Contact the bank, and have ready the records that show where the money came from: the sell and TWD withdrawal records from the local exchange, or the order and chat screenshots from P2P. In Taiwan you can call the 165 anti-fraud hotline or consult the National Police Agency's 165 anti-fraud site.
FAQ
Can Binance send TWD straight to my bank account?
Binance's FAQ on the TWD-to-USDT buy page mentions converting USDT back to TWD with the Sell or Convert features, depending on availability in your region, and says nothing about sending the TWD to a bank account in Taiwan. Log in and open the Sell page: if there's no option to be paid out to a bank, withdraw the USDT to a Taiwan exchange, sell it there and withdraw the TWD from there.
I hold Bitcoin or Ether. Do I have to convert it to USDT first?
Not necessarily. When the local exchange has a TWD pair for that coin, you can withdraw the coin itself and sell it there; BitoPro's order-limits table, for instance, lists BTC/TWD and ETH/TWD. The chains that coin supports and its withdrawal fee differ from USDT's, so look them up separately on Binance's withdrawal page and the local exchange's fee page.
How long does a cash-out take to arrive?
It depends on three legs: the on-chain confirmation time for the crypto withdrawal, how quickly you sell the USDT on the local exchange, and the processing time for the TWD withdrawal to your bank. You can follow the on-chain leg in a block explorer using the transaction hash; for TWD withdrawal processing times, check the local exchange's withdrawal instructions.
After the TWD is in your bank, keep the exchange's sell and withdrawal records on file. If you later want to turn TWD into USDT again and send it back to Binance, the steps are in our guide to funding Binance from Taiwan; for placing spot orders, see your first Binance trade, buying USDT/BTC step by step.