First Step into the Cryptocurrency Market: Buying Coins! Why Should You Invest in Stablecoins? A Step-by-Step Guide from Account Opening to Purchasing U Coins.

Looking to start buying cryptocurrencies but unsure of what to choose? Apart from the well-known Bitcoin (BTC) and Ethereum (ETH), Stablecoins are also a viable option for beginners.


What are Stablecoins?
Stablecoins are a type of cryptocurrency that is usually backed by a stable asset such as fiat currency or gold, to maintain its value stability. The most common category is the “USD Stablecoin,” which is linked to reserve assets like the US dollar or gold, ensuring that its price remains relatively stable.
In some exchanges, using Stablecoins to purchase other cryptocurrencies can result in better prices than using the New Taiwan Dollar.
️ Further reading:
【Infographic】The US calls for the halt of BUSD issuance! Get to know what Stablecoins are with these two graphics.
Currently, the most well-known Stablecoins in the cryptocurrency market are Tether USD (USDT), which has the highest trading volume, and USDC, issued by Circle and Coinbase.
The term “buy U” or “how many U” often used in the cryptocurrency community refers to Stablecoins.


Tether USD (USDT) is currently the largest Stablecoin by market capitalization.
Why buy Stablecoins?
Due to their low price volatility, most people buy Stablecoins as a medium of exchange between cryptocurrencies and digital assets, rather than as investment products.
Although it may be more difficult to profit from price fluctuations with Stablecoins, many exchanges offer services that allow users to pledge Stablecoins. Pledging is a conservative investment method, similar to putting money in a fixed deposit to earn interest, but it can also yield decent returns.
Therefore, for conservative investors who want to participate in the cryptocurrency market and test the waters while avoiding the risk of cryptocurrency volatility, Stablecoins are a suitable choice for beginners.
️ Further reading:
Infographic: The stock and dividend distribution of the crypto world! What is “pledging”? Understand the mechanism and risks at once.
A step-by-step guide for beginners to buy cryptocurrencies!
Step 1: Choose an exchange
For beginners who are new to cryptocurrencies and want to buy them, the first step is to choose a reputable domestic exchange.
Some commonly seen exchanges in the market that comply with anti-money laundering regulations issued by the Financial Supervisory Commission include MaiCoin, BitoEX, XREX, HOYA BIT, and Rybit. When choosing an exchange, users can consider their own needs and preferences.


When choosing an exchange, the following factors can be considered:
– Security:
Ensure that the exchange has good security measures, including two-factor authentication, fund insurance, and whether the platform has trust or additional insurance for user funds and cryptocurrencies.
– Transaction fees:
Each exchange has its own transaction fees, deposit and withdrawal fees, and although the difference in coin prices may not be significant, it can still vary. Some exchanges also offer their own platform tokens with additional discounts on transaction fees.
– Supported cryptocurrencies:
Some exchanges may only provide a few basic cryptocurrencies to avoid overwhelming beginners. Although most exchanges support basic cryptocurrencies such as Bitcoin (BTC), Ethereum (ETH), and Stablecoins, if there are potential future investment needs, it is also worth considering the exchange’s attitude towards listing smaller cryptocurrencies.
– User experience:
Each exchange has different user interfaces, product services, and operating methods.
Step 2: Register an account and complete KYC verification
After selecting an exchange and completing the download process, the next step is to register an account and complete the Know Your Customer (KYC) verification.
In order to comply with anti-money laundering regulations, Taiwanese regulatory authorities require exchanges to verify the identity of their customers. Therefore, during the registration process, personal information and identification documents such as identification cards, date of birth, and residential address need to be provided, and even a photo of the person holding the identification document may be required.


It is also important to note that while registering, a bank account needs to be linked to ensure the legality of the customer’s identity and to help prevent money laundering and illegal fundraising. In the future, funds can only be transferred to the exchange from this linked bank account.
Step 3: Deposit funds (Fiat transfer)
After completing the account registration and KYC verification, and after a few days of exchange review, you can start trading, buying, and selling cryptocurrencies on the exchange.


First, click on the wallet section of the exchange and select “New Taiwan Dollar” from the list of cryptocurrencies. Then select “Deposit” to obtain a unique personal encrypted wallet bank account and transfer funds from the linked bank account to the wallet within the exchange through online banking (recommended) or ATM machines.


Step 4: Buy cryptocurrencies
After the transfer is completed, you will receive a notification of fund arrival within approximately 3-5 minutes. Once you confirm that the New Taiwan Dollar has been deposited into your wallet, you can start buying Stablecoins.


Usually, on the exchange’s trading page, you can find commonly used trading pairs such as USDT/TWD and BTC/USDT.


These trading pairs represent the currency you want to buy and the currency you expect to pay (selling is the same trading pair). For example, USDT/TWD means you can buy and sell Stablecoin USDT using New Taiwan Dollars.


Next, go to the order placement page, select the Stablecoin you want to buy, and enter the purchase amount to place an order directly. Since cryptocurrency prices often fluctuate, if you choose to place a “limit order” by manually entering the amount instead of purchasing at the “market price,” you may need to wait for some time for the order to be successfully completed.


As the number of cryptocurrency assets increases, you can choose to leave them in your exchange account or transfer them to your own cold wallet or other decentralized wallets to increase security.
Learning how to buy cryptocurrencies is the first step to enter the cryptocurrency market. With the same process and method, you can also try buying different cryptocurrencies and trading pairs to reduce investment risks and participate in the market.
Lastly, it is important to understand the related risks and proceed with caution before making any investments.
Proofreading Editor: Gao Jingyuan