How to Buy Bitcoin and Register a Crypto Asset Merchant Registered In Indonesia

admin October 16, 2021 0

 Bitcoin is a type of cryptocurrency with the largest market capitalization in the world. Currently, the total bitcoin market valuation based on Coingecko's notes as of today, Saturday (16/10/2021) has reached 1.16 trillion US dollars.

This value is equivalent to around Rp. 16,472 trillion. This value is equivalent to 44.28 percent of the total cryptocurrency market valuation. For those of you who are interested in buying bitcoin, of course the real confusion is where to buy bitcoin and how to buy bitcoin. In more detail, this article will explain how to buy bitcoin as well as where to buy bitcoin which is legal in Indonesia.

How to Buy Bitcoin

Also read :Bitcoin-Ethereum Sets New Record

Before you buy bitcoin, you must understand that bitcoin is not a physical object.

Bitcoin is really a number contained in a data management system that is connected in a system called blockchain. Of course, before you buy bitcoin, you must also prepare funds. The amount of bitcoin purchases will depend on the amount of funds you have prepared. 

To note, the number of bitcoins in circulation today is 18.84 million pieces of a total of 21 million pieces that were printed. For bitcoin purchases, it can be done up to eight digits in front of the comma, or you can say, 0.00000001 BTC is the smallest number for those of you who are interested in buying bitcoin.

More clearly about buying bitcoin, the details are as follows:

Also read :Bitcoin Predicted to Soar at the End of the Year and Break a Record High

1. Create an account on a trading exchange or cryptocurrency trader registered with CoFTRA. The account creation process usually requires information such as bank account details as well as identity cards.
2. Choose a payment method available on the platform.
3. The crypto asset trader will verify the data
4. Buy bitcoin
5. Make payment
6. Transfer bitcoins to your own virtual wallet
7. It's a good idea to regularly monitor bitcoin price movements so that your bitcoin purchases don't lose money.

How to buy bitcoin also requires a wallet or bitcoin wallet. The wallet is what will later become the container for the currency purchased. Like a wallet, a bitcoin wallet is also a place to store money. 

It's just that in the case of bitcoin, the container is virtual. Some of the popular wallets are Blockhain.com, Exodus, Electrum, and Mycelium. These various wallets can be used by accessing them via a computer or mobile phone.

As already explained, you can buy bitcoins through crypto asset traders registered with CoFTRA.

Also read :How to Buy Bitcoin and Register a Crypto Asset Merchant Registered In Indonesia

To date, there are 13 crypto asset traders registered with CoFTRA, the details are as follows:

1. PT Indodax Nasional Indonesia (INDODAX) 
2. PT Crypto Indonesia Berkat (TOKOCRYPTO) 
3. PT Zipmex Exchange Indonesia (ZIPMEX) 
4. PT Indonesia Digital Exchange (IDEX) 
5. PT Pintu Kemana Saja (PINTU) 
6. PT Luno Indonesia LTD (LUNO) 
7. PT Cipta Koin Digital (KOINKU) 
8. PT Three Main Core
9.  PT Upbit Exchange Indonesia
10.  PT Bursa Cripto Prima 
11. PT Accountku Dotcom Indonesia 
12. PT Triniti Investama Berkat 
13. PT Plutonext Digital Asset