XREX is a Taiwan-based cryptocurrency exchange founded in 2018 by cybersecurity expert Wayne Huang and international trade specialist Winston Hsiao. As serial entrepreneurs, they identified a growing need for stablecoins in global commerce—especially in regions where accessing U.S. dollars is difficult. XREX bridges this gap by enabling seamless USD-denominated transactions, making it a powerful tool for both investors and cross-border traders.
The platform has raised $42.75 million in funding from prominent institutions such as Taiwan’s National Development Fund and E.Sun Venture Capital. It operates legally in Taiwan under financial regulatory guidelines and holds a Money Services Business (MSB) license in Canada, reinforcing its compliance and security standards.
This comprehensive guide walks you through XREX’s deposit and withdrawal methods, fee structures, processing times, and account limits—everything you need to manage your crypto and fiat assets efficiently.
XREX Deposit Methods Overview
XREX supports three primary deposit channels:
- TWD (Taiwan Dollar) deposits
- USD (U.S. Dollar) deposits
- Cryptocurrency deposits
Notably, XREX is the only exchange in Taiwan that allows direct USD deposits and withdrawals via bank transfers—a major advantage for users holding or transacting in U.S. dollars.
👉 Discover how easy it is to move funds across borders with secure financial platforms.
XREX Deposit Fees and Minimums
| Deposit Method | Fee Structure | Minimum Amount |
|---|---|---|
| USD | 0.05% (min $8, max $300) | $50 USD |
| TWD | Free | $1 TWD |
| Cryptocurrency | Free | No minimum |
Source: XREX Support Portal
⚠️ Note: USD deposits use international wire transfer systems. While XREX does not charge intermediary fees, your sending bank or intermediary banks may deduct handling charges.
How to Deposit TWD to XREX
Step 1: Link Your TWD Bank Account
Navigate to:
Deposit → TWD → Link Bank Account
You must link a personal bank account under your name. All future deposits must originate from this verified account.
Step 2: Submit for Verification
Enter your bank details and upload required documents. Verification typically takes 1–3 business days.
Step 3: Complete the Deposit
After verification:
- Go to Deposit → TWD
- Copy your unique deposit account number
- Transfer funds from your linked bank account
Funds usually reflect in your XREX wallet within minutes. Note that daily deposit limits apply based on your account tier.
How to Deposit USD to XREX
Step 1: Link Your USD Bank Account
Go to:
Deposit → USD → Link Bank Account
As with TWD, the account must be in your name and used consistently for transactions.
Step 2: Submit Verification Documents
Required information includes:
- Full account holder name and billing address
- Bank country, name, and full account details
- Proof of account (e.g., bank statement, online banking screenshot, or passbook cover)
Uploaded files must include:
- Account holder’s full name
- Bank name
- Account number
Accepted formats: JPG or PNG (under 50 MB). Incomplete or inaccurate submissions may delay verification.
Step 3: Initiate USD Deposit
Once verified:
- Select Deposit → USD
- Choose your linked foreign currency account
- Follow on-screen instructions to complete the wire transfer
Due to complexity, it's recommended to visit your bank in person and request assistance with international USD transfers.
How to Deposit Cryptocurrency to XREX
XREX supports multiple cryptocurrencies across various blockchain networks.
Step 1: Select Cryptocurrency
Go to:
Deposit → Choose Crypto Asset
Supported assets include USDT (on Ethereum and TRON/TRC20), BUSD (on BNB Chain), and others.
Step 2: Copy Deposit Address
Click:
Deposit via Blockchain → Select Network → Copy Address
🔐 Critical: Ensure the sending wallet uses the same token and network as the XREX deposit address. Mismatches may result in permanent fund loss.
For example, sending USDT via ERC-20 to a TRC20 address will likely lead to unrecoverable funds.
👉 Learn how top platforms ensure fast, low-cost crypto transfers across networks.
XREX Withdrawal Methods Overview
Withdrawals are available in:
- TWD (Taiwan Dollar)
- USD (U.S. Dollar)
- Cryptocurrencies
Again, XREX stands out as the only Taiwanese exchange offering direct USD withdrawals, ideal for expats, freelancers, or businesses receiving dollar payments.
XREX Withdrawal Fees and Minimums
| Withdrawal Method | Fee Structure | Minimum Amount |
|---|---|---|
| USD | 0.1% (min $30, max $300) | $50 USD |
| TWD | $15 TWD | $100 TWD |
| Cryptocurrency | Varies by asset and network (~2.5–10 USDT equivalent) | Asset-specific |
Fees are subject to change; refer to XREX’s official fee page for updates.
⚠️ USD withdrawals use international banking systems—intermediary banks may apply additional fees.
How to Withdraw TWD from XREX
Step 1: Access Withdrawal Page
Go to:
Wallet → Withdraw → TWD
Step 2: Request Withdrawal
Enter the amount and confirm.
Processing time: 1–3 business days after a 24-hour review period. Weekends and holidays may extend timelines.
How to Withdraw USD from XREX
Step 1: Navigate to Withdrawal Section
Go to:
Wallet → Withdraw → USD
Step 2: Submit Withdrawal Request
Select:
- Linked USD bank account
- Withdrawal channel (KGI Bank is currently the only option in Taiwan)
- Amount
🏦 KGI Commercial Bank is now the sole USD withdrawal partner. As of June 2024, Customers Bank is no longer supported.
- Domestic USD transfers (Taiwan): Processed within 0–2 business days
- International USD transfers: 1–3 business days
Total processing time including XREX’s internal review: 2–5 business days
How to Withdraw Cryptocurrency from XREX
Step 1: Open Withdrawal Page
Go to:
Wallet → Withdraw → Select Crypto
Step 2: Set Up Two-Factor Authentication (2FA)
First-time crypto withdrawals require 2FA setup for security.
Step 3: Complete Withdrawal
Choose:
- Blockchain network
- Recipient wallet address
- Amount
Click Next to confirm.
🔐 Double-check that the coin type and network match the receiving wallet. Errors can result in irreversible losses.
XREX Deposit and Withdrawal Limits
Limits vary by user type (individual or business) and verification level (Basic vs. Premium).
How to Increase Your Limits
For Individual Accounts:
- After identity verification, you receive Basic-tier limits.
- To upgrade:
Go to Settings → Identity Verification → “Want to apply for Premium tier?” - You’ll receive an email with further steps. The support team will contact you directly.
For Business Accounts:
- Initial tier depends on submitted documentation (e.g., financial statements).
- Cannot reapply for a higher tier within three months of verification.
For full details, visit XREX’s official quota page.
👉 See how leading platforms help users maximize transaction flexibility with tiered access.
Frequently Asked Questions (FAQ)
Q: Is XREX legal in Taiwan?
A: Yes. XREX complies with Taiwan’s Financial Supervisory Commission (FSC) anti-money laundering regulations and is a registered financial technology company.
Q: Can I deposit USD without a U.S. bank account?
A: Yes. You can use any international bank account that supports USD wire transfers, including Taiwan-based foreign currency accounts.
Q: Why was my bank verification rejected?
A: Common reasons include mismatched names, blurry documents, or missing information (e.g., account number or bank name). Resubmit clear, complete files.
Q: Are cryptocurrency deposits instant?
A: Most are processed quickly, but confirmation time depends on blockchain congestion and network fees.
Q: Does XREX support EUR or other fiat currencies?
A: Currently, only TWD and USD are supported for fiat deposits and withdrawals.
Q: Can I change my linked bank account?
A: Yes, but you must go through full re-verification. Contact XREX support for assistance.
With its unique USD integration, strong compliance framework, and user-focused design, XREX offers a compelling solution for crypto users in Taiwan and beyond. Whether you're managing personal investments or handling cross-border trade, understanding these deposit and withdrawal processes ensures smooth, secure transactions.