Taiwan's first cryptocurrency trading platform established by a telecommunications company, TWEX, is scheduled to officially launch on May 22, 2025. Operated by Fu Sheng Digital, a wholly-owned subsidiary of Taiwan Mobile, TWEX focuses on virtual currency trading and is currently available only to invited clients. Below is a simplified guide on how to use TWEX, along with an overview of the company and its key management team.
How to Register for TWEX
According to the official website, the basic requirements for registering with TWEX include:
- A Republic of China (Taiwan) ID card
- A Taiwan Mobile phone number
- A local bank account
Step-by-Step Registration Process:
- Prepare your ID card and open the Taiwan Mobile App.
Navigate to:
- Smart Finance → Taiwan Mobile Virtual Asset Exchange → Enter your Taiwan Mobile phone number.
- Enter the SMS OTP (One-Time Password). Skip this step if using mobile data.
- Set a password (8–16 alphanumeric characters) and agree to the terms.
- Verify your email via OTP.
- Complete registration and proceed to identity verification (ID card + facial scan).
- Wait 5–7 business days for manual review. During this period, you may link your bank account for verification.
👉 Learn more about TWEX's security features
Key Notes:
- Currently, only Taiwanese citizens with Taiwan Mobile numbers can register.
- One email per account.
Supported transactions:
- NTD fiat deposits for Bitcoin and ETH purchases.
- Online transfers or account balances only (no external crypto transfers or exchanges).
- Deposit limit: NTD 1.5 million.
About TWEX and Fu Sheng Digital
Founded in October 2022, Fu Sheng Digital is a subsidiary of Taiwan Mobile, specializing in virtual asset trading and fintech services.
Leadership Team:
Chairman: Jamie Lin (Taiwan Mobile CEO & AppWorks Chairman).
- Founded AppWorks (2009), a leading Southeast Asian startup accelerator.
General Manager: Han Kun-Ju (VP of New Tech Development at Taiwan Mobile).
- Former roles: SinoPac Bank, CTBC Bank, Pi Wallet COO, and PChome Executive.
Risk Disclosure:
Cryptocurrency investments carry high risk due to extreme volatility. Investors may lose their entire capital. Assess risks carefully.
FAQs
1. Can foreigners register on TWEX?
- No. Only Taiwanese citizens with a Taiwan Mobile number are eligible.
2. What cryptocurrencies does TWEX support?
- Currently, only Bitcoin (BTC) and Ethereum (ETH).
3. How long does identity verification take?
- 5–7 business days after submitting documents.
4. Are there fees for deposits?
- Fees depend on the payment method. Check TWEX’s official website for updates.
5. Can I transfer crypto from other exchanges to TWEX?
- No. External transfers are not supported.
6. Is TWEX regulated?
- It operates under Taiwan Mobile’s compliance framework, but specific crypto regulations in Taiwan are still evolving.