XREX is a Taiwan-based cryptocurrency exchange founded in 2018 by cybersecurity expert Wayne Huang and international trade specialist Winston Hsiao. As a licensed fintech company, XREX has raised $42.75 million in funding from notable investors such as Taiwan’s National Development Fund and E.Sun Venture Capital. The platform holds regulatory registrations in multiple jurisdictions, including an anti-money laundering declaration with Taiwan’s Financial Supervisory Commission and a Money Services Business (MSB) license in Canada.
One of XREX’s standout features is its support for USD deposits and withdrawals—a rare offering among Taiwanese exchanges. This makes it an ideal platform for traders, businesses, and investors involved in cross-border transactions or seeking stablecoin exposure through fiat on-ramps.
This comprehensive guide walks you through XREX's deposit and withdrawal methods, fee structure, processing times, and account limits—all updated for 2025.
Deposit Methods on XREX
XREX supports three primary deposit channels: TWD (New Taiwan Dollar), USD (US Dollar), and cryptocurrency. Each method caters to different user needs, from local retail investors to international traders.
Supported Deposit Types
- TWD Deposit: Ideal for local users wanting to buy crypto with Taiwanese dollars.
- USD Deposit: Enables direct USD transfers from foreign currency bank accounts—perfect for overseas income or dollar-denominated investments.
- Crypto Deposit: Accepts major cryptocurrencies like USDT and BUSD across various blockchain networks.
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XREX Deposit Fees Overview
Understanding fees helps optimize your trading costs. Here's a breakdown:
| Deposit Method | Fee | Minimum Amount |
|---|---|---|
| USD | 0.05% (min $8, max $300) | $50 USD |
| TWD | Free | $1 TWD |
| Cryptocurrency | Free | No minimum |
Note: USD deposits via international wire transfer may incur intermediary bank fees depending on the sending institution.
While TWD and crypto deposits are free, USD deposits carry a small percentage-based fee with caps. Always confirm the total cost with your bank before initiating transfers.
How to Deposit TWD to XREX
Step 1: Link Your Local Bank Account
Navigate to [Deposit] → [TWD] → [Link Bank Account].
You must use a personal bank account under your name. This linked account will be the only source for future TWD deposits.
Step 2: Submit Verification Documents
Fill in your banking details and upload proof of ownership—such as a bankbook cover or online banking screenshot. Processing takes 1–3 business days.
Step 3: Complete the Transfer
Once verified, go to [Deposit] → [TWD] and copy your unique deposit account number. Use your linked bank account to transfer funds to this designated account.
⚠️ Important: Transfers from unlinked accounts will not be credited. Also, daily or monthly deposit limits may apply based on your account tier.
How to Deposit USD to XREX
XREX stands out by allowing direct USD deposits—a valuable feature for expats, freelancers with foreign income, or businesses engaged in global trade.
Step 1: Bind Your USD Bank Account
Go to [Deposit] → [USD] → [Link Bank Account]. Again, ensure the account is under your legal name.
Step 2: Complete Verification
Provide:
- Full account holder name and billing address
- Bank country, name, and full account number
- Proof of account (e.g., bank statement or online banking screenshot)
Accepted formats: JPG or PNG (up to 50MB). All documents must clearly show the account holder’s name, bank name, and account number.
Step 3: Initiate USD Transfer
After approval, select your linked USD account and follow the instructions for international wire transfer. Be sure to include all required SWIFT/BIC codes and beneficiary details shown in the app.
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Due to complexity, consider visiting your bank in person if you're unfamiliar with foreign remittances.
How to Deposit Cryptocurrency
Depositing crypto is straightforward and free of fees.
Step 1: Select the Cryptocurrency
Go to [Deposit] → Choose Coin (e.g., USDT).
Step 2: Choose Network & Copy Address
Select the correct blockchain network (e.g., USDT on TRC20 or ERC20; BUSD on BNB Chain). Copy the provided wallet address.
🔐 Critical: Always double-check that both the coin type and network match between sender and receiver. Mismatches can result in permanent fund loss.
Transfer from your external wallet or another exchange using the copied address.
Withdrawal Methods on XREX
Just like deposits, XREX offers three withdrawal options:
- TWD Withdrawal
- USD Withdrawal
- Cryptocurrency Withdrawal
Its USD withdrawal capability remains unique in Taiwan’s market, enabling seamless conversion of crypto profits into US dollars.
XREX Withdrawal Fees
| Withdrawal Method | Fee | Minimum Amount |
|---|---|---|
| USD | 0.1% (min $30, max $300) | $50 USD |
| TWD | $15 TWD | $100 TWD |
| Cryptocurrency | Varies by coin & network (~2.5–10 USDT equivalent) | Coin-specific |
USD withdrawals may also face intermediary bank charges. For accurate pricing, refer to XREX’s official fee page.
How to Withdraw TWD from XREX
Step 1: Access Withdrawal Page
Go to [Wallet] → [Withdraw] → [TWD].
Step 2: Enter Amount & Confirm
Input the amount and confirm. XREX reviews requests within 24 hours, with funds typically arriving in 1–3 business days, depending on your bank’s processing time. Delays may occur during holidays.
How to Withdraw USD from XREX
Step 1: Start Withdrawal Process
Navigate to [Wallet] → [Withdraw] → [USD].
Step 2: Select Recipient & Channel
Choose your verified USD bank account and withdrawal channel. Currently, only KGI Bank is supported for USD withdrawals in Taiwan.
- KGI Bank (Taiwan): Processing within 0–2 business days.
- International USD accounts: Typically settled in 1–3 business days.
📌 Note: As of June 2024, XREX discontinued its partnership with Customers Bank. All USD withdrawals now go through KGI Bank and are treated as domestic transfers for tax purposes.
Approval takes up to 24 hours, followed by 2–5 business days for final settlement.
How to Withdraw Cryptocurrency
Crypto withdrawals require additional security checks.
Step 1: Go to Withdraw Section
Click [Wallet] → [Withdraw] → Select Crypto.
Step 2: Enable Two-Factor Authentication (If First Time)
Set up 2FA for enhanced security before proceeding.
Step 3: Enter Details & Confirm
Select the network, enter the recipient address and amount, then click [Next].
⚠️ Warning: Sending crypto via the wrong network (e.g., sending ERC20 tokens to a TRC20 address) results in irreversible loss.
XREX Deposit and Withdrawal Limits
Limits vary based on account type (Individual or Business) and verification level (Basic or Premium).
How to Increase Your Limit
For Individual Accounts:
After passing KYC, you receive basic limits. To upgrade:
- Go to Settings → Identity Verification
- Click “Want Premium Limits?”
- Follow email instructions; customer support will contact you.
For Business Accounts:
Limits are set at verification based on submitted documents (e.g., financial statements). Reapplication isn’t allowed within three months of approval.
View full limit details on XREX’s official page.
Frequently Asked Questions (FAQ)
Q1: Is XREX legal and regulated?
Yes. XREX operates legally in Taiwan with an AML declaration from the FSC and holds a Canadian MSB license, ensuring compliance with international standards.
Q2: Can I deposit USD without a local bank account?
No. You must bind and verify your personal foreign currency account before depositing USD.
Q3: Why does USD withdrawal take longer than TWD?
USD transfers involve international banking systems and compliance checks, which add processing time compared to domestic TWD transfers.
Q4: Are there any hidden fees for crypto deposits?
No. All cryptocurrency deposits are completely free. However, network gas fees are paid by the sender on their originating platform.
Q5: What happens if I send crypto to the wrong network?
Mismatched network transfers often result in permanent loss. Always verify the coin and chain before confirming any transaction.
Q6: Can new users withdraw crypto immediately?
No. Starting July 31, 2025, new users must complete KYC verification at least six months prior and maintain active trading history before applying for crypto withdrawal access.
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