Foreword
NT, which stands for New Taiwan Dollar and is often represented as TWD, is the legal currency in Taiwan. Gate.com’s C2C service now fully supports New Taiwan Dollar (NT), allowing users to trade through various payment methods such as LINE Pay, Taiwan Pay, Apple Pay, credit card payments, and bank transfers, providing more flexible trading solutions for NT holders to enjoy efficient and convenient asset exchange experience. This article will detail how to use NT to exchange USD on Gate.com’s C2C trading platform, assisting users in need to complete transactions smoothly.
NT is the abbreviation for New Taiwan Dollar (TWD) (Image source:https://www.Gate.com/)
NT to USDT Exchange Tutorial
1. Enter trading
Open the Gate.com official homepage, click the ‘Deposit’ button on the home page, enter the deposit page, and select the ‘Buy Coins’ - ‘C2C’ trading option;
On the new page, click on the currency selection box, switch to ‘TWD’ (New Taiwan Dollar), then enter the required USDT amount under the ‘Buy’ option, select a suitable pending seller, click the ‘Buy’ button, and you can start the C2C trading process.
Or click on the upper left corner avatar “Assets” - “Fiat Trading”, you can enter the same “C2C” trading page.
2. Exchange Fiat
Enter the purchase amount/total value in USDT, click ‘Confirm Purchase’, verify the purchase information is correct, and then click ‘Confirm’.
After a successful match, the ‘To be Paid’ will be displayed on the right side of the page. Users can click on it to enter the ‘Orders’ page for inquiries. The order details page will show ‘Contact Counterparty,’ clicking on it will redirect to a new page with seller’s payment information.
Pay the seller according to the payment information displayed on the page. After successful payment, click ‘I have paid’ to complete the fiat currency exchange.
3. Confirm Transaction
After the order is completed, you can view the order details on the “Orders”-“Completed” page. Note: The buyer needs to manually complete the payment within 20 minutes (platform does not automatically deduct) and click the “I have paid” button, otherwise the order will be automatically canceled after 20 minutes, and the currency will be returned to the seller’s account for re-trading.
NT-C2C Merchant Guide
- Same as the previous step, enter the ‘C2C Trading’ page, click on ‘Ads’ at the bottom of the page, then click on ‘Create Ad’ and ‘Apply Now’ to complete the merchant verification.
- Click the drop-down arrow at the top of the page to select the trading currency “TWD”, and then choose to enter the corresponding content using a fixed price or a floating price (price, quantity, amount, minimum single transaction volume, maximum single transaction volume, optional trading terms and automatic replies). In addition, you can also set trading limits (identity verification, level, registration days, and whether to trade with other ad publishers), etc.
- After the order is successfully placed, you can view the order information in the “Orders” interface at the bottom of the page.
● To cancel an order or go offline, you can click on “Cancel Order” or “Go Offline” below the order.
● To change order price and other information, click “More” at the bottom of the order and select the “Edit” button to make changes.
Risk Warning
In the C2C trading mode, all transactions are directly conducted between users, and Gate.com only provides transaction matching, without involving fund custody, trading supervision, or fund verification. Users need to bear all risks related to transactions on Gate.com’s C2C trading platform before exchanging New Taiwan Dollar (NT/TWD) for USDT. Please fully understand the following user agreements, privacy policies, and applicable laws and regulations.
- Trading Responsibility
Asset exchange transactions are directly conducted by buyers and sellers, and Gate.com platform only provides matching services, without guaranteeing the fund transfer and payment fulfillment between the two parties. All responsibilities related to the transaction are borne by the parties themselves. It is recommended that users fully evaluate the counterparty’s reputation before starting the transaction. - Trading dispute
Gate.com shall not be liable for any losses resulting from payment processes, exchange rate fluctuations, counterparty defaults, or other systemic factors. In particular, when it comes to fiat currency exchanges between New Taiwan Dollar (NT/TWD) and USDT, due to the high volatility of the foreign exchange market, users may face risks such as price instability, transaction failures, or settlement delays. Users are required to communicate with the payment service provider themselves and bear the related responsibilities. - Asset Security
Users must properly safeguard their personal account information and avoid private transactions with unidentified counterparties; the platform shall not be held responsible for any financial losses incurred due to failure to complete payment within the specified time or conducting transactions outside of the Gate.com platform. To ensure transaction security, it is recommended that users only conduct NT/TWD to USDT exchanges through the Gate.com platform to avoid the risk of fraud or fund loss associated with private transactions. - Compliance Risk
Users are not allowed to use multiple accounts for C2C transactions. If abnormal trading behavior is detected, the platform reserves the right to block the relevant accounts. In addition, NT/TWD to USDT transactions involve cross-border fund flows, and users should ensure that the transactions comply with local financial regulations and Anti-Money Laundering (AML) requirements. If policy changes or regulatory requirements result in trading restrictions, users are responsible for compliance risks. - Exchange rate fluctuations
In C2C transactions, payment methods are only options for fiat currency payment between buyers and sellers. Gate.com does not have a direct commercial relationship with any payment channel providers, and users need to evaluate the reliability of the payment methods themselves. In addition, the NT/TWD to USDT exchange rate is influenced by market supply and demand and may experience significant fluctuations. Users should make decisions cautiously to prevent asset losses or transaction failures due to price changes. - Platform rights
By using the Gate.com trading service, users agree that the platform has the right to take reasonable risk control measures, including but not limited to canceling orders, restricting trading permissions, or terminating trading services. All measures are taken to protect the legitimate rights and interests of users, the platform, and third parties, ensuring that the transactions are conducted in compliance.
Conclusion
Gate.com’s C2C service, as a convenient and efficient asset exchange method, allows users to easily complete peer-to-peer transactions between New Taiwan Dollar (NT/TWD) and USDT, and other digital assets. Before trading, it is recommended that users fully understand the platform rules, including the order matching mechanism, payment efficiency, and trading process, strictly comply with anti-money laundering (AML) and KYC certification requirements, to ensure the legality and security of the transactions. As the C2C market continues to mature, Gate.com will continuously upgrade the trading matching mechanism, optimize the merchant management system, introduce more payment methods, and use intelligent risk control systems to accurately identify potential abnormal transactions, providing global users with more comprehensive and convenient fiat currency exchange services.
