CoinW, a leading global cryptocurrency exchange platform, has announced the integration of Sofu payment services into its OTC (over-the-counter) trading section, enabling Taiwanese users to purchase cryptocurrencies seamlessly using New Taiwan Dollars (TWD). This strategic enhancement positions CoinW as the only comprehensive digital asset exchange supporting direct TWD deposits worldwide.
Breaking Barriers: Sofu Integration Simplifies Crypto Purchases
Previously, Taiwanese users faced cumbersome processes when converting TWD to cryptocurrencies:
- Multi-step conversions: Required exchanging TWD to USD or other supported fiat currencies first
- Limited local options: Domestic exchanges typically only offered spot trading without advanced financial products
- Hidden costs: Users bore exchange fees, processing delays, and currency fluctuation risks
With Sofu's third-party settlement service specializing in TWD transactions, CoinW users can now:
👉 Buy USDT directly with TWD
👉 Access spot trading, perpetual contracts, copy trading, and ETFs
👉 Enjoy lower entry barriers to crypto markets
Nina Chen, CoinW Taiwan Brand Director:
"By adding Sofu, we eliminate complex onboarding procedures. Our diversified OTC channels provide the fastest, most secure trading experience—making CoinW the most beginner-friendly platform."
Step-by-Step: How to Buy Crypto with TWD via Sofu
The simplified 4-step process:
- Register & Verify: Create a CoinW account and complete KYC authentication
- Select Sofu: Choose "Buy Crypto" → "Instant Purchase" → Sofu as payment method
- Confirm Details: Enter transaction amount and review information
- Complete Transfer: Submit payment and receive crypto assets
Beyond Digital: CoinW's Physical Presence in Taiwan
CoinW leads Taiwan's OTC market with:
- 20+ physical locations for face-to-face KYC and deposits
- In-person tutorials on platform navigation
- CoinMan Academy: Educational programs taught by traditional finance experts and crypto veterans
Kevin Lee, CoinW Taiwan GM:
"Young Taiwanese show growing interest in crypto assets. Our partnership with Sofu lowers entry thresholds while maintaining rigorous AML standards for safe transactions."
Global Reach with Localized Solutions
Since 2017, CoinW has served:
- 40+ fiat currencies including USD, GBP, EUR
- 200+ countries/regions
- 24/7 multilingual support
- Credit card purchasing options
Security remains paramount with:
- Comprehensive KYC procedures
- Advanced AML protocols
- Risk-based transaction monitoring
FAQ: CoinW's TWD Services Explained
Q: What cryptocurrencies can I buy with TWD?
A: USDT is currently available, enabling access to all CoinW's trading pairs.
Q: Are there transaction limits?
A: Limits vary based on account verification level. Check Sofu's terms for specifics.
Q: How long do deposits take?
A: Most transactions complete within 30 minutes after bank transfer confirmation.
Q: Does CoinW charge deposit fees?
A: CoinW doesn't impose fees, but Sofu may apply standard processing charges.
Q: Can I withdraw TWD from CoinW?
A: Currently, Sofu only supports TWD deposits. Check our OTC withdrawal options for alternatives.
Q: Is Sofu available for business accounts?
A: Yes, corporate accounts can use Sofu after enhanced due diligence.