Taiwan’s local exchange Bitopro has announced that it will officially launch the “Dual Bank Switching Deposit and Withdrawal” service on January 7.
(Background: Taiwan’s Bitcoin Frenzy: Bitopro Sets New Highs in User Registrations and Trading Activity; APP Finance Category Ranks Second)
(Additional Context: Arkham Data: What is the liquidity level of hot wallets at MAX, Bitopro, and ACE exchanges?)
Currently, Taiwanese cryptocurrency exchanges typically require users to link a single bank for fiat (New Taiwan Dollar) deposits and withdrawals. If a change is necessary, it usually takes 1 to 2 business days, and some original services may be restricted. This has been a minor inconvenience for those with temporary urgent needs or accidental mistakes (e.g., failing to deposit from the designated bank). In response, the local exchange Bitopro announced on the 7th that it will officially launch the “Dual Bank Switching Deposit and Withdrawal” service on January 7.
Note: Please update the Bitopro APP.
Details of Bitopro’s Dual Bank Switching Deposit and Withdrawal Service
According to Bitopro’s press release, the details of this service are as follows:
1. Applicable Users: Limited to users currently linked to the Bankee X BitoPro exclusive investment settlement account, who can link a second bank.
2. Effective Date: The service will officially be activated on January 7, 2025.
3. Important Notes:
If you are already linked to two banks (Bankee X BitoPro exclusive investment settlement account and another bank), the system will automatically select a “default bank” for you on the day the feature is activated.
Before withdrawing or adding New Taiwan Dollars, please go to [Account > Linked Banks] to confirm your “default bank.”
In compliance with regulations, you must use the “default bank” for withdrawals and deposits. If you operate using a non-default bank, please contact Bitopro customer service to request a refund.
After changing the “default bank,” you must wait 24 hours before making another change, with a monthly limit of 5 changes.
The withdrawal limits for the two banks will be calculated based on the higher limit. For example, if Xiaoming’s Bankee X BitoPro exclusive investment settlement account has a monthly withdrawal limit of 3 million NTD and the second bank has a limit of 1 million NTD, if he first switches to the second bank as the default bank and reaches the 1 million withdrawal limit, he can then switch back to Bankee and still have 2 million available to use.
Related Reports
Bringing “FamilyMart” to the ABS Asia Blockchain Summit! FamilyMart collaborates with Bitopro to build an ABS payment application scenario display area.
Bitopro collaborates with Blue New Technology to launch BitoPay: Directly convert BTC and ETH to New Taiwan Dollar payments.
Pick up at convenience stores and receive 1 million in Bitcoin! Bitopro partners with FamilyMart: Free BTC exchange upon pick-up.