Transferring cryptocurrency from one exchange to another is a common task for digital asset users. One frequent transfer path is moving funds from Binance, the world’s largest crypto exchange, to MAX Exchange, a popular platform in Taiwan that supports both crypto and fiat (TWD) transactions.
This guide walks you through the complete process of transferring crypto—specifically Bitcoin (BTC)—from Binance to MAX Exchange. Whether you're consolidating assets, preparing for local currency withdrawal, or diversifying across platforms, this step-by-step tutorial ensures a smooth and secure transfer.
Why Transfer from Binance to MAX?
Binance leads globally in trading volume and user base, with over 240 million registered users as of 2024. It supports more than 100 cryptocurrencies and offers advanced trading features.
MAX Exchange, launched in February 2018, specializes in bridging crypto and fiat transactions for users in Taiwan. It enables seamless conversion between cryptocurrencies like BTC and TWD (New Taiwan Dollar), making it ideal for local deposits and withdrawals.
👉 Learn how to securely manage cross-exchange transfers with expert tools and insights.
Step 1: Register on MAX Exchange
Before initiating any transfer, ensure you have an account on MAX Exchange.
- Visit the official MAX website and sign up.
- Use a secure email and strong password.
- Complete identity verification (Level 2 KYC required for TWD withdrawals).
- Upload required documents (e.g., ID card, proof of address).
The registration process typically takes 5–10 minutes. Once verified, you can access full deposit, trading, and withdrawal functions.
Note: While some referral links offer fee discounts, this guide focuses on neutral, secure practices without promoting specific codes or incentives.
Step 2: Withdraw Crypto from Binance to MAX
Now that your MAX account is ready, follow these steps to send BTC from Binance:
On Binance App:
- Log in to your Binance account.
- Tap "Wallet" → "Withdraw".
- Select the cryptocurrency—in this case, BTC.
- Choose "Send via blockchain network".
- You'll now need the BTC deposit address from your MAX wallet.
On MAX App:
- Open the MAX app and go to "Wallet".
- Select BTC → Tap "Receive".
- Choose a compatible network—this is critical. For faster and cheaper transfers, select BNB Smart Chain (BEP20).
- Copy the generated receiving address.
Back on Binance:
- Paste the copied address into the withdrawal field.
- Ensure the network selected matches: BNB Smart Chain (BEP20).
- Enter the amount of BTC to transfer.
- Confirm transaction details carefully.
- Tap "Withdraw" → "Confirm".
After confirmation, Binance will process your request. You can track the status under "Withdrawal History."
Typically, the transaction appears in your MAX wallet within 30 seconds to a few minutes, depending on network congestion.
Key Considerations: Network Selection & Fees
Choosing the correct blockchain network is essential. Mismatched networks can result in permanent fund loss.
Binance Withdrawal Fees (Examples)
| Network | BTC Withdrawal Fee |
|---|---|
| Bitcoin (BTC) | 0.00011 BTC |
| SegWit | 0.001 BTC |
| BNB Smart Chain (BEP20) | 0.0000069 BTC |
| Ethereum (ERC20) | 0.000069 BTC |
| Lightning Network | 0.000001 BTC |
Source: Binance Official Fee Schedule
For BTC transfers, BEP20 offers the lowest fee and fast confirmation—ideal for small to medium-sized transfers.
Always double-check:
- The receiving address format matches the network.
- Both exchanges support the same chain (e.g., BEP20 vs ERC20).
- Sufficient balance remains for gas/network fees.
FAQ: Common Questions About Binance to MAX Transfers
Q1: Can I use any network to send BTC from Binance to MAX?
No. Only networks supported by both exchanges should be used. For fastest results with low fees, use BEP20 (BNB Smart Chain).
Q2: How long does it take for crypto to arrive at MAX?
Most transfers complete within 30 seconds to 10 minutes, depending on network traffic and confirmation speed.
Q3: What if I send crypto using the wrong network?
If you select an incompatible chain (e.g., sending via ERC20 when MAX only accepts BEP20), your funds may be lost permanently. Always verify network compatibility before confirming.
Q4: Is there a minimum or maximum transfer limit?
Yes. Binance sets minimum withdrawal amounts per asset (e.g., ~0.0005 BTC for BEP20). MAX does not impose strict minimums but requires at least 100 TWD for fiat withdrawals.
Q5: Do I need KYC verification on MAX?
Yes. To withdraw TWD or perform larger transactions, you must upgrade to Level 2 verification, which includes submitting government-issued ID and address proof.
Q6: Are there hidden fees?
No hidden fees exist, but always account for:
- Blockchain network (gas) fees
- Potential intermediary charges (rare on direct exchange-to-exchange sends)
- Fiat conversion spreads when selling crypto
Bonus: Withdrawing TWD from MAX After Receiving Crypto
Once your BTC arrives on MAX, you can sell it for TWD and withdraw to your bank account.
Steps to Convert BTC to TWD and Withdraw:
- In the MAX app, go to Wallet → Trade → Select TWD/BTC market.
- Place a sell order for your BTC.
- Once filled, check your TWD balance under Wallet.
- Tap "Withdraw" → Enter amount (minimum 100 TWD).
- Confirm with two-factor authentication (e.g., Google Authenticator).
- Submit request.
TWD Withdrawal Details:
- Fee: 15 TWD per transaction
- Daily limit: 2,000,000 TWD
- Monthly limit: 5,000,000 TWD
Processing time:
- Non-Bankee accounts: 1–2 business days
- Bankee (Far Eastern Bank): Same or next business day
Bankee users enjoy faster settlements due to direct banking integration.
Security Tips for Cross-Exchange Transfers
- Always copy wallet addresses; never type manually.
- Test with a small amount first before large transfers.
- Enable two-factor authentication (2FA) on both exchanges.
- Avoid public Wi-Fi when handling sensitive operations.
- Regularly review withdrawal history and linked devices.
👉 Stay ahead with advanced security practices and multi-layered wallet protection strategies.
Final Thoughts
Transferring crypto from Binance to MAX is straightforward when following proper procedures. By selecting the right network (like BEP20), verifying addresses, and understanding fee structures, you can move assets efficiently and safely.
Whether your goal is to trade locally, cash out TWD, or manage regional compliance needs, mastering inter-exchange transfers empowers greater control over your digital finances.
Remember:
Cryptocurrency investments carry high risk. This article serves informational purposes only and does not constitute financial advice. Conduct independent research before making any decisions.
By integrating best practices in security, timing, and platform knowledge, you’ll navigate the evolving crypto landscape with confidence.
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