CoinW, a globally recognized comprehensive digital asset exchange, has taken a significant step forward in enhancing user accessibility for Taiwanese investors. As of August 1, 2023, the platform has integrated sofu, a third-party payment service specializing in New Taiwan Dollar (TWD) collection and settlement, enabling local users to directly deposit TWD and purchase cryptocurrencies such as USDT with ease.
This strategic move positions CoinW as one of the most accessible cryptocurrency trading platforms for Taiwan-based users—offering direct fiat on-ramps without the need for currency conversion or intermediary exchanges.
Why Sofu Integration Matters for Taiwan’s Crypto Market
Before the integration, Taiwanese users faced several hurdles when accessing international crypto exchanges. Most platforms do not support TWD deposits, forcing users to either convert TWD into USD or EUR—adding unnecessary fees and exchange rate risks—or rely on domestic exchanges that offer limited financial products.
Now, with sofu support, CoinW users in Taiwan can:
- Deposit New Taiwan Dollar (TWD) directly
- Buy USDT instantly via OTC
- Trade across multiple financial instruments including spot, perpetual contracts, copy trading, and crypto ETFs
The partnership eliminates layers of complexity, reduces transaction costs, and significantly lowers the entry barrier for new investors interested in digital assets.
👉 Discover how easy it is to start trading with local currency support.
Step-by-Step Guide: How to Buy Crypto Using Sofu on CoinW
Purchasing cryptocurrency through CoinW using sofu is simple and secure. Follow these four straightforward steps:
- Register and Complete KYC Verification
Create your CoinW account and complete identity verification to ensure compliance and security. - Navigate to "Buy Crypto" > "One-Click Buy"
Select sofu as your payment method. Enter the desired fiat amount, choose USDT or another supported cryptocurrency, and confirm transaction details. - Review and Confirm Payment Information
Choose your preferred bank transfer method and verify all details before submission. - Wait for Confirmation and Asset Delivery
Once payment is confirmed, your cryptocurrency will be credited to your CoinW wallet promptly.
This streamlined process ensures fast, reliable access to digital assets—perfect for both beginners and experienced traders.
Expanding Physical Presence: OTC Stores and Investor Education
Beyond online convenience, CoinW strengthens its presence in Taiwan through real-world engagement. The exchange currently partners with over 20 offline OTC stores, making it the cryptocurrency platform with the widest physical footprint in the region.
These locations provide:
- In-person KYC verification
- Direct TWD cash deposits
- Hands-on trading tutorials and platform guidance
This hybrid model bridges the gap between digital innovation and user trust—especially valuable for first-time investors unfamiliar with crypto platforms.
Additionally, CoinW launched CoinMan Academy, an educational initiative designed to promote responsible investing. The academy features expert instructors from both traditional finance and blockchain sectors, delivering structured courses on:
- Market fundamentals
- Risk management
- Trading strategies
- Secure wallet practices
By empowering users with knowledge, CoinW fosters a safer and more informed investment community.
👉 Learn how top traders manage risk and grow their portfolios.
Global Reach with Localized Solutions
Since its founding in 2017 by a group of passionate Bitcoin advocates, CoinW has evolved into a leading global exchange serving over 9 million registered users across more than 120 countries. The platform ranks among the top globally on CMC (CoinMarketCap), particularly excelling in derivatives trading.
Key highlights include:
- 200+ countries served
- $20+ billion daily trading volume
- Support for 1,000+ cryptocurrencies
- Ranked #4 globally for futures trading volume (CMC)
- Trusted by 2.2 billion digital asset users worldwide
CoinW’s success stems from its commitment to innovation, security, and user-centric design.
Core Features That Set CoinW Apart
- ✅ Multi-currency OTC Support: Over 40 fiat currencies including USD, EUR, GBP, and now TWD via sofu
- ✅ 24/7 Customer Support: Real-time assistance in multiple languages
- ✅ Regulatory Compliance: Holds financial licenses in multiple jurisdictions
- ✅ Top-Tier Security: Cold wallet storage, multi-signature technology, zero major security incidents in six years
- ✅ High-Yield Crypto Savings: Flexible-term staking with competitive APYs
- ✅ Frequent Token Launches: Early access to vetted, high-potential projects
Security First: Protecting Users in the OTC Space
Given the sensitive nature of over-the-counter transactions, CoinW implements robust anti-fraud and anti-money laundering (AML) protocols. The OTC team conducts thorough due diligence on all counterparties and reserves the right to reject high-risk transactions.
Measures include:
- Mandatory KYC verification
- Transaction monitoring systems
- Risk-based customer assessments
- Real-time fraud detection algorithms
These safeguards help maintain platform integrity and build long-term trust with users.
Vision for the Future: Lowering Barriers to Digital Finance
Kevin, CoinW’s Taiwan representative, emphasized the company’s mission: "We want to make entering the crypto market as simple as possible—especially for younger generations who are increasingly curious about digital assets."
By integrating localized payment rails like sofu, CoinW is not just improving usability—it's advancing financial inclusion. The goal is clear: build seamless bridges between fiat money and digital assets, allowing people everywhere to participate in the future of finance.
Looking ahead, CoinW plans to expand its network of local payment partners, enhance mobile trading capabilities, and deepen its educational outreach across Asia.
👉 See how you can start building wealth through digital assets today.
Frequently Asked Questions (FAQ)
Q: Is CoinW available to users in Taiwan?
A: Yes. CoinW fully supports users in Taiwan through localized services such as TWD deposits via sofu and partnerships with local OTC stores.
Q: Do I need to complete KYC to use sofu on CoinW?
A: Yes. Identity verification is required to comply with global AML regulations and ensure secure transactions.
Q: What cryptocurrencies can I buy using TWD?
A: You can primarily purchase stablecoins like USDT directly with TWD. From there, you can trade over 1,000 other cryptocurrencies on the platform.
Q: Are there fees for using sofu on CoinW?
A: Transaction fees may apply depending on the amount and processing partner. Always review fee details before confirming your order.
Q: How fast are deposits processed via sofu?
A: Most deposits are credited within minutes after payment confirmation, allowing quick access to trading.
Q: Does CoinW offer customer support in Chinese?
A: Yes. The platform provides 24/7 customer service in Traditional Chinese via live chat, email, and community channels.
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