Completing your registration at ACE Exchange is the first step into the world of digital assets. The next crucial move is funding your account and executing your first trade. This guide walks you through depositing TWD, trading cryptocurrencies, and withdrawing funds smoothly.
Getting Started with ACE Exchange
ACE Exchange provides a user-friendly platform for buying, selling, and trading a variety of cryptocurrencies. Once your account is verified, you can begin transacting by depositing New Taiwanese Dollars (TWD).
The platform offers essential tools such as real-time charts, order books, and a straightforward trading interface designed for both beginners and experienced users. Before diving in, ensure you have completed the identity verification process, as this is required for depositing and withdrawing funds.
How to Deposit TWD
Depositing TWD into your ACE account is a straightforward process done through bank transfer. Follow these steps to fund your account:
- Log in to your ACE account and navigate to the ‘Member Center’.
- Select ‘Asset Management’ and click on the ‘Deposit’ option.
- Use your registered bank account to transfer funds to ACE’s designated trust account via online banking or ATM transfer.
Once your transfer is completed and verified, the deposited amount will appear in your wallet. You will receive a notification via SMS once the transaction is processed. After confirmation, you are ready to start trading.
It is important to note that only verified bank accounts can be used for deposits. This measure ensures security and compliance with financial regulations.
Understanding the Trading Interface
The ACE trading dashboard is designed to provide all necessary information at a glance. Here’s a breakdown of its key sections:
- Chart Area (A): Displays real-time price movements and trading volume for selected cryptocurrency pairs. This helps traders analyze market trends. Note that in crypto trading, red typically indicates a price drop, while green represents a gain.
- Order Area (B): Shows your open and completed orders, offering clarity on your trading activity.
- Order Book (C): Lists buy and sell orders that have not yet been matched. Red entries are sell orders, green are buy orders.
- Trade History (D): Provides a log of the most recent market transactions.
- Order Placement (E): This is where you execute buy or sell orders.
Familiarizing yourself with these sections will help you make informed decisions and navigate the platform with confidence.
Placing Your First Order
To start trading, select your desired trading pair—such as BTC/TWD or USDT/TWD—from the dropdown in the chart area. Then, move to the order placement section.
You can choose between two order types: limit orders and market orders.
Limit Order (Maker)
A limit order allows you to set a specific price at which you want to buy or sell. For example, if USDT is currently trading at TWD 28 but you wish to buy at TWD 27, you can place a limit order at that price. It will only be executed if the market reaches your specified value.
This type of order does not execute immediately and may remain in the order book until matched.
Market Order (Taker)
A market order is executed instantly at the best available current market price. If you place a market order to buy USDT, it will be filled immediately at the prevailing rate.
Market orders provide speed, while limit orders offer price control. 👉 Explore more strategies on order types
After placing an order, you can monitor it in the order area. If needed, you can cancel unfilled orders by selecting the delete icon.
How to Withdraw TWD
After trading, you may want to convert your crypto assets back to TWD and withdraw to your bank account. Here’s how:
- Go to ‘Member Center’ and access ‘Asset Management’.
- Click ‘Withdraw’, enter the amount, and confirm the transaction.
- The minimum withdrawal amount is TWD 100. ACE does not charge a withdrawal fee, but a TWD 15 interbank fee may apply if your linked bank is not KGI Bank.
Withdrawals are processed daily, though transfer times depend on your bank’s clearance procedures.
Frequently Asked Questions
How long does a TWD deposit take?
Bank transfers to ACE typically take one business day. You will receive an SMS once the deposit is credited.
What is the difference between limit and market orders?
Limit orders let you set a specific price and wait for execution, while market orders execute immediately at current prices.
Are there fees for withdrawing TWD?
ACE does not charge for TWD withdrawals, but your bank may apply standard interbank fees if applicable.
Is ACE Exchange safe to use?
ACE employs industry-standard security measures, including cold storage for funds and two-factor authentication (2FA) for accounts.
Can I trade on mobile?
Yes, ACE offers a mobile app that allows you to trade, monitor markets, and manage assets on the go.
What if I need help?
Customer support is available via phone and email during business hours on weekdays.