Taiwan’s local exchange Bitopro has announced that it will officially launch its “Dual Bank Switching Deposit and Withdrawal” service on January 7.
(Previous context: Taiwan’s Bitcoin frenzy: Bitopro’s registration numbers and trading activity have both reached new highs, and its APP has surged to second place in the financial category rankings.)
(Background information: Arkham data: What is the liquidity level of hot wallets for MAX, Bitopro, and ACE exchanges?)
Currently, when engaging in fiat (New Taiwan Dollar) deposits and withdrawals, Taiwanese cryptocurrency exchanges generally require users to bind to a single bank. Changing this typically takes 1 to 2 business days, during which some original services may be restricted. This has posed a minor inconvenience for those with temporary urgent needs or who accidentally deposit from a non-designated bank. In response to this, the local exchange Bitopro announced on the 7th that it will officially open the “Dual Bank Switching Deposit and Withdrawal” service on January 7.
Note: The Bitopro APP must be updated.
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. Eligibility: Limited to users currently bound to the Bankee X BitoPro exclusive investment settlement account, who can bind a second bank;
2. Effective Date: The service will officially be activated on January 7, 2025.
3. Important Notes:
– If you are currently bound 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 functionality goes live.
– Before withdrawing or adding value in New Taiwan Dollars, please go to [Account > Bind Bank] to confirm your “default bank.”
– In accordance with regulations, you must use the “default bank” for withdrawals/additions. 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 change limit of 5 times.
– The withdrawal limit from 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 New Taiwan Dollars, and the second bank has a limit of 1 million New Taiwan Dollars, 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 for use.
Related Reports
Bringing “FamilyMart” into the ABS Asia Blockchain Summit! FamilyMart collaborates with Bitopro to build an ABS payment application scenario display area.
Bitopro collaborates with “Lanshin Technology” to launch BitoPay: Directly converting BTC and ETH into New Taiwan Dollar payments.
Pick up at convenience stores and receive 1 million worth of Bitcoin! Bitopro partners with FamilyMart: Free BTC exchange upon collection.