How to Withdraw from an International Exchange to Your Bank: USDT to a Taiwanese TWD App, a USD Wire, or P2P, Fees and Risks Compared

There are three common routes for getting money from an international exchange into a bank: withdraw USDT to a Taiwanese TWD crypto app (MAX, BitoPro), sell it for TWD and withdraw that; on an international exchange that offers fiat withdrawals, convert to USD and wire it to a bank account in your own name (this article uses Bitfinex as the example); or sell USDT to individuals on a P2P market. This article is for readers who already hold USDT on an international exchange (for users in the Chinese-speaking world) and want to move the money back into a bank account. It compares the fees, minimums, timing and risks of the three routes.

The short version: if you want TWD, route one has the lowest fixed cost: the USDT withdrawal fee, a 0.08% to 0.2% trading fee and NT$30 per TWD withdrawal, usually arriving within 1 to 2 business days. A USD wire starts at US$10,000 and requires Full verification; a standard wire costs at least US$100 and can take 7 to 15 business days, so it suits people moving large amounts who want US dollars. P2P platform fees may be zero, but the risk of a frozen bank account falls on you.

This article is a summary of information and not investment, tax or legal advice, nor a recommendation to use any particular platform. Fees, limits, processing times and service regions all change. The figures here come from official help pages or public APIs on the dates shown; before you use any of them, go by what the platform shows at the time, and follow the law where you live.

Withdrawing from an international exchange to a bank: the three routes in one table

The sources and check dates for the figures are in the sections below. If you are not in Taiwan, you can swap route one for a local platform with proper regulatory status where you live. The idea is the same: send USDT to a platform that can withdraw to local banks, sell it for local currency and withdraw to your own account.

Route one: send USDT to MAX or BitoPro, sell for TWD and withdraw

The flow is: withdraw USDT from the international exchange → deposit it to your USDT deposit address on MAX or BitoPro → sell on the USDT/TWD market → withdraw TWD to the bank account in your own name that you linked. Both only allow TWD withdrawals to a verified bank account in your own name.

Sending: pick a network both sides support

USDT circulates on several chains, and the network you withdraw on at the international exchange must match the network MAX or BitoPro accepts for deposits. USDT deposit networks listed by the two public APIs on 16 October 2026 (MAX API, BitoPro API):

Neither supports USDT on Solana or TON. If you usually move funds on those two chains on the international exchange, switch networks before sending to a Taiwanese crypto app, or you may not get the funds back. BitoPro lists the reasons a deposit can fail to arrive as an unsupported chain, a missing Memo, or an amount below the minimum deposit. If a deposit does not arrive, customer support has to assess it; a refund is not guaranteed and a handling fee may apply (BitoPro help page, updated 2026-03-16).

The cost on the sending side is the international exchange’s USDT withdrawal fee. Withdrawal fees by exchange and network:

Data checked: 2026-10-08

The order for picking a network: first list the networks MAX or BitoPro can receive, then pick the one with the lowest withdrawal fee among the networks the international exchange can withdraw on. The first time you send to a new address, send a small amount first, and send the rest once it arrives. For more on choosing a network, see “How to choose a USDT withdrawal network”; if you have already sent on the wrong one, see “USDT sent on the wrong network”.

Timing: BitoPro says deposits usually complete within 1 to 2 hours and take longer when the network is congested (BitoPro help page, updated 2025-04-17). The international exchange may also review or delay withdrawals on its end. If a deposit gets stuck, see “USDT deposit delayed: what to do” for how to check it.

Selling and withdrawing: fees, limits and timing

Sources: MAX’s trading fees, withdrawal limits and timing are from official pages this site checked on 2026-10-08 (fee page, deposit and withdrawal limits, when will I receive the transfer); its withdrawal fee and minimum were checked against the MAX API on 2026-10-16. BitoPro’s trading fees, withdrawal fee and limits were checked against its public API on 2026-10-16; see also withdrawal limits (updated 2025-06-23), the withdrawal fee change notice and arrival times (updated 2026-07-13).

Both say arrival times depend on bank processing and may be delayed. BitoPro notes that bank system maintenance can add about 1 to 2 business days. For MAX’s cutoffs before long holidays, see “MAX USDT to TWD”.

You can estimate the cost like this. Assume 1 USDT = NT$32 and you sell 10,000 USDT (a trade worth NT$320,000). This is my own calculation, not an actual quote:

Add NT$30 per withdrawal and the international exchange’s withdrawal fee. How much you actually receive also depends on the bid price when you place the order, so the platform with the lower fee does not necessarily pay out more. For telling maker from taker and using Post-only, see “MAX USDT to TWD”; for comparing the two platforms’ prices, see “How to buy USDT”.

The Travel Rule from October 2026

The Travel Rule requires both exchanges to check the identity details of the sender and the recipient when virtual assets move between them. According to BitoPro (overview, 2026-08-13; timeline notice, updated 2026-10-01):

• Phase one: expected to take effect on 20 October 2026, covering transfers between exchanges in Taiwan; when you withdraw virtual assets from BitoPro you have to provide the recipient’s details.
• Phase two: expected at the end of 2027, planned to extend to transfers between exchanges in Taiwan and foreign exchanges.
• For a single transfer above NT$30,000, both exchanges have to collect additional details, such as date of birth and address.

Transfers in from an international exchange fall under phase two. What you need to fill in, and when it starts, is whatever MAX’s and BitoPro’s announcements and deposit pages say when it goes live.

Invitation codes for TWD crypto apps

Route two: convert to USD on an international exchange and wire it to your bank (Bitfinex as the example)

Some international exchanges offer fiat withdrawals. Taking Bitfinex as the example: first sell USDT for USD on the USDT/USD market (the trading fee is 0%; the cost is in the price and order book depth, see “Bitfinex USDT to USD”), then wire the USD to a bank account in your own name. Whether other exchanges offer fiat withdrawals, and which currencies and regions they support, is whatever their own official pages say.

Standard and express wires

According to Bitfinex’s “How to make a Bank Wire Withdrawal” (updated 2026-09-04) and “What fees does Bitfinex charge” (updated 2026-09-27):

Bitfinex also sets out several conditions:

• The receiving account must be in your own name and match the bank account you provided during verification; for a new account you first upload a recent bank statement on the verification page.
• Withdrawals take about 7 business days on average overall, and waiting up to 15 business days is not unusual while anti-money-laundering and identity checks are completed.
• If a wire is returned because the bank details were wrong, Bitfinex may charge a separate US$25 handling fee, with bank charges on top; if the wire is returned because the receiving account cannot accept that currency, the customer also bears the costs.
• If an intermediary bank is needed, you must fill in its details; incomplete details can cause delays or extra bank charges.

OpenPayd is cheaper but only serves certain regions

Bitfinex also handles fiat deposits and withdrawals through a third party, OpenPayd. According to “Wire deposit and withdrawal with OpenPayd” (updated 2026-09-28):

The same page states that OpenPayd’s USD service is limited to 24 European countries, such as Austria, Belgium, Germany, France, the Netherlands and Switzerland, and Taiwan is not on the list. Whether you can use it depends on where the account holder lives and where the bank is; the latest list is on Bitfinex’s deposit page. EUR and GBP have a separate list of prohibited regions, including mainland China, Japan, the United States and the United Kingdom.

The receiving bank’s side

When a wire reaches a bank, each bank handles incoming foreign transfers differently (for example, whether it asks about the nature of the funds before crediting them, its fee for incoming transfers, and deductions by intermediary banks), and it also follows local regulations. Bitfinex also notes that the receiving bank has its own process and that Bitfinex cannot guarantee the funds will be credited within a specific time. Before a large wire, check with your own bank that it can accept the transfer and what documents you need.

As for whether Bitfinex can wire withdrawals to banks in Taiwan, its official help pages do not list countries, and I have not found a definite answer. Bitfinex’s announcement for Taiwanese users only says it does not accept direct wire deposits from Taiwanese banks.

Route three: P2P, low platform fees, but the risk is in the buyer’s money

P2P means selling USDT to individuals on an exchange’s P2P market: the buyer transfers money to your bank account, you release the crypto once you confirm you have received it, and the platform holds your USDT during the trade (OKX P2P help page).

On fees, OKX charges no service fee for P2P, though banks or payment methods may charge transfer fees (OKX help page updated 2026-09-15); Binance P2P charges both makers and takers 0% to 0.35%, depending on the fiat market and trading pair (Binance P2P merchant guidelines, updated 2026-03-04). Merchants set their own prices, so work out what you actually get as “fiat received ÷ USDT sold”.

The biggest risk when selling on P2P is that the buyer pays you with money from a scam. Binance has explained that some buyers take money scammed elsewhere and use it to buy crypto on P2P; after the victims report it to the police, the bank accounts of both the scammer and the unknowing P2P seller are frozen (Binance help page, published 2019-12-06).

Checks for sellers from the platforms’ help pages:

1. The payer’s name must match the name verified on the platform. OKX and Bybit both require the paying account’s name to be the same as the verified name on the platform (OKX P2P sell FAQ, Bybit P2P help page). If it does not match, cancel; if you have already received money from a third party, return it to the original account under the platform’s rules and then file an appeal.
2. Release the crypto only after you see the payment credited in your own banking app, not just a screenshot the buyer sends.
3. Keep the conversation in the platform’s chat, so you can use it as evidence in an appeal.

If your account is frozen, Binance recommends contacting your bank immediately, working with the local authorities by providing transaction records and evidence, and seeking legal help if needed; if you cannot reach the buyer, take screenshots of the order to the platform’s customer support. For common scam playbooks, see “Crypto scam playbooks in the Chinese-speaking world”.

Crypto debit cards and other routes

Some international exchanges issue crypto debit cards (known in Chinese as “U cards”) in some regions. When you pay with the card, the amount is deducted from the crypto in your account; it does not move money into a bank account. Each exchange issues them only in certain regions, and eligibility, fees and limits vary by region. This site has not yet checked the official terms one by one, so this article does not compare them; if you want to use one, go by the issuing exchange’s official page for your region.

Checklist before you withdraw

• First confirm the route is available where you live: go by the official pages for the platform’s service regions and the countries and currencies its fiat withdrawals support. Do not try to get around regional restrictions or identity verification.
• Same network on both sides: choose the same network for the international exchange’s withdrawal and the MAX or BitoPro deposit; neither accepts USDT on Solana or TON.
• Test small before large: the first time you send to a new address or wire to a new account, send a small amount first.
• Use only accounts in your own name: MAX and BitoPro withdraw to your own linked account, Bitfinex wires must match your verified bank account, and P2P payer names must match the verified name.
• Plan the timing: 11:00 on MAX and 13:00 on BitoPro are the same-day withdrawal cutoffs, so act even earlier before long holidays; a standard Bitfinex wire can take 7 to 15 business days.
• Set up account security first: withdrawal whitelist and two-factor authentication; see “Exchange account security settings”.

More articles on deposits, withdrawals and exchanges are on the crypto topic page.

FAQ

How do I turn USDT on an international exchange into TWD in my bank account?

The usual way is to withdraw the USDT from the international exchange to a TWD crypto app such as MAX or BitoPro, sell it for TWD, then withdraw to the bank account in your own name that you linked. Both charge NT$30 per TWD withdrawal, with a NT$100 minimum.

Which network should I use to send USDT from an international exchange to MAX or BitoPro?

Pick a network the international exchange can withdraw on and MAX or BitoPro can also receive. Their public APIs on 16 October 2026 showed that both support TRC20, ERC20, BEP20 and Polygon, and neither supports Solana or TON.

Can I wire USD from Bitfinex back to a bank? What does it cost?

You need Full verification, and the minimum is US$10,000. A standard wire costs 0.1% with a US$100 minimum and is sent out within 5 to 10 business days; an express wire costs 1% with a US$125 minimum and is sent out within 1 business day. The bank account must match the one you provided during verification.

Withdrawing through OpenPayd on Bitfinex is cheaper. Can I use it from Taiwan?

OpenPayd charges 0.1% for USD withdrawals with a US$30 minimum, but Bitfinex's help page updated on 28 September 2026 states that USD is limited to European countries such as Austria, Germany, France and Switzerland, and Taiwan is not on the list. Whether you can use it depends on where the account holder lives and where the bank is.

Can selling USDT on P2P get my bank account frozen?

It can. Binance has explained that some buyers use money obtained through scams to buy crypto on P2P, and after the victims report it, the bank accounts of P2P sellers who knew nothing about it are frozen too. If your account is frozen, Binance recommends contacting your bank immediately, working with the authorities by providing transaction records, and seeking legal help if needed.

Do I need to fill in Travel Rule details when sending USDT from a foreign exchange to a Taiwanese exchange?

BitoPro's explanation from August 2026 is that phase one is expected to take effect in October 2026 and covers only transfers between exchanges in Taiwan; phase two, extending it to transfers between Taiwanese and foreign exchanges, is expected at the end of 2027. What you actually need to fill in is whatever the platforms' announcements and pages say when it goes live.