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HOW TO BUY BITCOIN IN INDONESIA

Presented by: Smart Bitcoin Investments We Want To Teach The World How To Invest In Cryptocurrency Author: Jeffrey Ito www.smartbitcoininvestments.com

Table Of Contents Table Of Contents

How To Buy And Sell Bitcoin In Indonesia

Choosing A Platform To Buy And Sell Cryptocurrency

Buying Bitcoin In Indonesia

Selling Bitcoin In Indonesia

Conclusion Indonesia Cities In Indonesia

8 9 10

How To Buy And Sell Bitcoin In Indonesia

The cryptocurrency market started Bitcoin decades ago, but it was never as popular as it was before as it is now. Every passing day, more and more people are buying either Bitcoin or other cryptocurrencies and being a part of this trend that is happening worldwide. Ever since the pandemic, with the values of nearly every coin going up tremendously and Bitcoin earning more than 400%, it is no surprise that people want to hop on to this train to get some of the profits for themselves, too. Many people around the world have earned tremendous amounts of money only by trading Bitcoin. When the situation is like this, buying and selling Bitcoin everywhere worldwide has become more comfortable and easier and less commissioned because the demand is so much that exchange platforms are fighting to get the newcomers to their platform, so they lower the commission fees and provide other benefits. However, you have to be careful when entering the market for the first time, and you do not know anything. In this article, we will talk about how to buy and sell Bitcoin or other cryptocurrencies in Indonesia in detail and tell you what to avoid and what to do.

Choosing A Platform To Buy And Sell Cryptocurrency The first and the most crucial step when you want to buy or sell Bitcoin is to choose your exchange platform because everything will be going down in this platform, and it has to be secure, steady, durable, and long-lasting. What you need to be careful about is the platform's legitimacy because there are many platforms out there nowadays that want to get their share from the hype train that is going right now. They might not be as secure, durable, or long-lasting as the other competitors out there, and if you are looking to invest long-term, this is more of a problem for you. Moreover, not every exchange platform has the coins you want; some have more, some have less, and some even only work with Bitcoin. Depending on your need and wants, you can look at them in detail to make sure that Bitcoin or other coins are in there. Another problem that you need to be on the lookout for is how durable their servers are because nowadays, coins, especially BTC, are utterly volatile, and you might have to sell them or buy them at the desired price. If the system breaks down due to the high usage, you might lose money or miss opportunities. Every detail matters when it comes to the exchange platform, and you always have to do your research and spend some time on it. Otherwise, you might pay it with your money, rather than your time. Especially for long-term investors, we can not dive into how important it is to focus on the exchange platform and what it offers and its security because you will not be touching that money for years. If the platform is not good enough, they might go bankrupt, and you might lose your investment which is notably a lot of money. There are two best ways to know which exchange platform is good and which one is bad. The first one is to read everything that the company offers, their company, and investors if they have any other official paper that shows their legitimacy and how they protect their customers. You can check their balance sheet to ensure they are financially stable and not go bankrupt in the foreseeable future. The other way is to talk to those who use the platform. This is the most crucial one and maybe the most effective one. Because you get to hear the first-hand experience, that is worth more than anything else when learning about something. They will tell you everything, good or bad, and make sure you get the facts. This will make sure that you are going to be registering to the right exchange platform.

Register For An Account And Verify Your Identity After choosing the platform, it now comes to the registration part. When you first glance at what they request from you for the registration, it might seem too much, like your ID or passport, but they have to ask this if they are providing legal work. Since you will be an investor and fund your money into the platform, if anything unusual happens or you deposit a lot of money, they might

need to know your name and identity to provide money laundering or things like this. So, you do not need to worry about what will happen if you did your research well, and you know that they are asking for preliminary cautions to specific crimes, not to steal your identity. That is why research is essential; your identity is also a matter of security when you want to trade Bitcoin or other coins on exchange platforms. Platforms like Binance or Coinbase are examples of international coin exchange platforms and can be trusted for anything from your identity to your money. Some platforms that are also available in Indonesia are eToro, Luno, Coinmama, etc. However, be advised that we recommend doing your research before signing up for one of these platforms supported in Indonesia. Lastly, you have to know that since your identity has to be confirmed to make sure you are not fake, it might take some time for you to be admitted to the website and be able to use it. This might take a couple of hours or days; it depends on the platform you signed up for.

Buying Bitcoin In Indonesia Now, since you know how to choose a platform and sign up for it, it is time to learn about how to buy Bitcoin on the platform you signed up for. Before we dive into telling you how to buy Bitcoin, you need to take steps to be able to buy your Bitcoin. Your account is already confirmed by the website, thanks to the ID you provided during the sign-up. After being admitted to the website and everything is ready, it is now time to deposit your money into the platform. Deposit the amount of money you want to invest, but be careful; we recommend investing the money you can afford to lose. If the money is going to be essential for you or you might need it, you are investing in your own risk, and you might lose the money while doing so; you need to be aware of this. After you deposit the money into the platform, you must decide which BTC parity you will be investing your money into. There are two different parities in BTC. One in USD currency is called BTC/USDT, and the other is in your currency, BTC/IDR. The difference between these two is that the volatility might increase if IDR loses too much value against USD or gains too much value in the latter. So you are taking a double risk when you invest in IDR, and it might not always be the best call to do that. For example, if you invest in BTC/IDR and IDR gains value against USD and Bitcoin gains 10%, your gains in IDR might be 8% or 9% because IDR's value against Bitcoin is depreciating due to the value loss of USD to IDR. It might seem complicated, but it is easy to grasp. All you need to do is to watch the markets for a couple of days and understand how the volatility between the two different currencies work. Once you decide on the currency or the parity you want the invest in, it is now time to click on the "buy" button to buy it. However, there is a small detail. If you want to buy BTC/USDT, you must convert your money to USDT first in the platform and buy USDT and then buy BTC/USDT. Because you will be buying on USD, not IDR, the currency you deposited. You can now buy

BTC/USDT, and you are done. This is as easy as it gets nowadays. But the research part takes time, so be careful with that and with your time.

Selling Bitcoin In Indonesia You found the platform, you signed up for it, and you bought your Bitcoin; now what? Selling your investments in Bitcoin depends on what it is that you want from it. Do you want to make the trade by buying and selling and take your profits, or do you want to hold it for the long-term, longer than 1+ year, and sell it when you need to get your earnings? Whatever it is that you are planning to do, you have to sell your BTC at one point, and to be honest, even if it is long-term investing, you need to know when to sell them. When buying it, you must do your research, as well. Buying it at the peak might be a tremendous mistake for you because back in 2017, BTC peaked at around $20K, and it took those investors who bought at the top to get a break-even about three years. That is why you have to know where the peak is and where the dip of the price that Bitcoin is when buying or selling. There are many ways to analyze this or make charts about it, and you can search this on the internet to get an idea of how things work. Other than that, if you do not want to get involved this much in the graphics and analysis, it is best to look at the past performance of the coin, and if it is at its peak, it might be risky to invest in that even for long-term. But again, doing like this is a massive risk because it might have the potential to go up even more. It is the same with selling, you think it is at its peak, but it might go up. When you identified the right time or right position to sell your Bitcoin, now you should sell it to take your profits or prevent further losses in your money. Go to the page of whatever currency you bought it either BTC/USDT or BTC/IDR, and click on "sell." When you are doing this, you are giving an order to the market to sell it at the price you chose, and since it is a market order, it is the price that the market is set. When you click on sell at the market limit, your Bitcoin will be sold to another person who gave an order to buy at that particular price. If no one gave an order to that price, you might have to wait a bit until someone creates an order at that price. Once your Bitcoins are sold, you are out of the market. You do not get any profits or losses after that until you reinvest. If you sold it at BTC/IDR, you could withdraw your money to your bank account. But if you sold it at BTC/USDT, you need to convert those USDTs to IDR to withdraw it to your bank account. Because when you sell it on BTC/USDT, you are on the market for BTC and USD, not IDR. Since the platform is in Indonesia and your bank account is in IDR, you need to convert that money into IDR to be eligible for withdrawing. Some people prefer to keep the money in their platform account to buy again once the situation they are expecting at a price happens. And if you sold it in a time of need and need the money, you can withdraw it without waiting. However, depending on the platform you are using, it might take hours or days for the money to get into your account. Since you are making a money transfer from one account to another, this

process might take some time. Some platforms get your money into your account right when you give the order, and some platforms take hours or days to do so. So, be aware of any kind of delays within the period of withdrawing your money. When you withdraw your money, and it takes some time to get it, that money is not affected at all, it is your money, and you will get the amount you withdraw. If there is any problem with the amount or the withdrawal time, make sure to get in touch with the platform itself or the customer service to prevent any mistakes. As you can see, we have talked about buying and selling Bitcoin in Indonesia and the things you have to be careful about when you are doing that. The most crucial thing for buying or selling Bitcoin in Indonesia or in general is the platform you will be using. Because the platform is your primary key and everything happens in that platform, you sell it there, and you buy it there, and that is why it has to be long-lasting and secure. You have to take your time for this and research it well enough. This is to protect not only your money but also your identity. After all, you will be giving out your ID information and a photo of it to the website. This process happens to prevent any illegal activity, so you should not be stressed about it unless you are doing an illegal activity. Considering that you have spent a lot of time choosing your exchange platform and knowing it is 100% legal and secure, you can freely give your ID and information to the website. After you did this and the process of proving your identity is confirmed, you can start your trade of Bitcoins or any other cryptocurrency that platform offers. It would be best if you decided on which parity of BTC you will be buying because there are two different ones. One is based on USD, and the other is IDR, and IDR has its own risk because it is based on USD, as well, and the value fluctuates with IDR/USD parity, too. There are two things you need to consider when buying BTC/IDR, and it is riskier. It is all up to you to decide on that, but it does not make a big difference, you might lose some advantage of 1 or 2%.

Conclusion Moreover, you will need to sell those BTCs you purchased at a reasonable price once you buy them. Once you settle on the price you want to sell, you click on "sell" in the platform, just like the same thing when buying. However, if you purchased at USDT, you have to convert your IDR to USDT to buy it and again convert USDT to IDR to withdraw the money because you deposited it with an IDR bank account and you are withdrawing it to an IDR account. USDT withdrawal is not allowed to IDR accounts. So, be careful about that and always take care of that before you buy or sell. After that, withdraw the money to your bank account, and you are good to go after waiting some time for the money to arrive in your bank account.

Indonesia

Country

Indonesia

Capital

Jakarta

Total Number of Bitcoin ATMs

Webpage

https://www.smartbitcoininvestments.com/buy-bitcoin-in-indonesia/

Cities In Indonesia # of Bitcoin ATMs

City

Page

Adiwerna

https://www.smartbitcoininvestments.com/buy-bitcoin-in-adiwerna/

Ambon

https://www.smartbitcoininvestments.com/buy-bitcoin-in-ambon/

Arjawinangun

https://www.smartbitcoininvestments.com/buy-bitcoin-in-arjawinangun/

Astanajapura

https://www.smartbitcoininvestments.com/buy-bitcoin-in-astanajapura/

Balikpapan

https://www.smartbitcoininvestments.com/buy-bitcoin-in-balikpapan/

Banda Aceh

https://www.smartbitcoininvestments.com/buy-bitcoin-in-banda-aceh/

Bandar Lampung

https://www.smartbitcoininvestments.com/buy-bitcoin-in-bandar-lampun g/

Bandung

https://www.smartbitcoininvestments.com/buy-bitcoin-in-bandung/

Bangil

https://www.smartbitcoininvestments.com/buy-bitcoin-in-bangil/

Banjaran

https://www.smartbitcoininvestments.com/buy-bitcoin-in-banjaran/

Banjarmasin

https://www.smartbitcoininvestments.com/buy-bitcoin-in-banjarmasin/

Banyuwangi

https://www.smartbitcoininvestments.com/buy-bitcoin-in-banyuwangi/

Batam

https://www.smartbitcoininvestments.com/buy-bitcoin-in-batam/

Batang

https://www.smartbitcoininvestments.com/buy-bitcoin-in-batang/

Baturaja

https://www.smartbitcoininvestments.com/buy-bitcoin-in-baturaja/

Bekasi

https://www.smartbitcoininvestments.com/buy-bitcoin-in-bekasi/

Belawan

https://www.smartbitcoininvestments.com/buy-bitcoin-in-belawan/

Bengkulu

https://www.smartbitcoininvestments.com/buy-bitcoin-in-bengkulu/

Binjai

https://www.smartbitcoininvestments.com/buy-bitcoin-in-binjai/

Blitar

https://www.smartbitcoininvestments.com/buy-bitcoin-in-blitar/

Bogor

https://www.smartbitcoininvestments.com/buy-bitcoin-in-bogor/

Bontang

https://www.smartbitcoininvestments.com/buy-bitcoin-in-bontang/

Bukittinggi

https://www.smartbitcoininvestments.com/buy-bitcoin-in-bukittinggi/

Ciamis

https://www.smartbitcoininvestments.com/buy-bitcoin-in-ciamis/

Ciampea

https://www.smartbitcoininvestments.com/buy-bitcoin-in-ciampea/

Cibinong

https://www.smartbitcoininvestments.com/buy-bitcoin-in-cibinong/

Cikampek

https://www.smartbitcoininvestments.com/buy-bitcoin-in-cikampek/

Cikarang

https://www.smartbitcoininvestments.com/buy-bitcoin-in-cikarang/

Cikupa

https://www.smartbitcoininvestments.com/buy-bitcoin-in-cikupa/

Cileungsir

https://www.smartbitcoininvestments.com/buy-bitcoin-in-cileungsir/

Cileunyi

https://www.smartbitcoininvestments.com/buy-bitcoin-in-cileunyi/

Cimahi

https://www.smartbitcoininvestments.com/buy-bitcoin-in-cimahi/

Ciputat

https://www.smartbitcoininvestments.com/buy-bitcoin-in-ciputat/

Cirebon

https://www.smartbitcoininvestments.com/buy-bitcoin-in-cirebon/

Citeureup

https://www.smartbitcoininvestments.com/buy-bitcoin-in-citeureup/

Curug

https://www.smartbitcoininvestments.com/buy-bitcoin-in-curug/

Denpasar

https://www.smartbitcoininvestments.com/buy-bitcoin-in-denpasar/

Depok

https://www.smartbitcoininvestments.com/buy-bitcoin-in-depok/

Dukuhturi

https://www.smartbitcoininvestments.com/buy-bitcoin-in-dukuhturi/

Dumai

https://www.smartbitcoininvestments.com/buy-bitcoin-in-dumai/

Gorontalo

https://www.smartbitcoininvestments.com/buy-bitcoin-in-gorontalo/

Grogol

https://www.smartbitcoininvestments.com/buy-bitcoin-in-grogol/

Indramayu

https://www.smartbitcoininvestments.com/buy-bitcoin-in-indramayu/

Jakarta

https://www.smartbitcoininvestments.com/buy-bitcoin-in-jakarta/

Jambi City

https://www.smartbitcoininvestments.com/buy-bitcoin-in-jambi-city/

Jayapura

https://www.smartbitcoininvestments.com/buy-bitcoin-in-jayapura/

Jember

https://www.smartbitcoininvestments.com/buy-bitcoin-in-jember/

Jombang

https://www.smartbitcoininvestments.com/buy-bitcoin-in-jombang/

Kediri

https://www.smartbitcoininvestments.com/buy-bitcoin-in-kediri/

Kedungwuni

https://www.smartbitcoininvestments.com/buy-bitcoin-in-kedungwuni/

Kendari

https://www.smartbitcoininvestments.com/buy-bitcoin-in-kendari/

Kisaran

https://www.smartbitcoininvestments.com/buy-bitcoin-in-kisaran/

Klaten

https://www.smartbitcoininvestments.com/buy-bitcoin-in-klaten/

Kresek

https://www.smartbitcoininvestments.com/buy-bitcoin-in-kresek/

Kupang

https://www.smartbitcoininvestments.com/buy-bitcoin-in-kupang/

Labuan Bajo

https://www.smartbitcoininvestments.com/buy-bitcoin-in-labuan-bajo/

Lawang

https://www.smartbitcoininvestments.com/buy-bitcoin-in-lawang/

Lembang

https://www.smartbitcoininvestments.com/buy-bitcoin-in-lembang/

Loa Janan

https://www.smartbitcoininvestments.com/buy-bitcoin-in-loa-janan/

Lubuklinggau

https://www.smartbitcoininvestments.com/buy-bitcoin-in-lubuklinggau/

Lumajang

https://www.smartbitcoininvestments.com/buy-bitcoin-in-lumajang/

Madiun

https://www.smartbitcoininvestments.com/buy-bitcoin-in-madiun/

Magelang

https://www.smartbitcoininvestments.com/buy-bitcoin-in-magelang/

Makassar

https://www.smartbitcoininvestments.com/buy-bitcoin-in-makassar/

Malang

https://www.smartbitcoininvestments.com/buy-bitcoin-in-malang/

Manado

https://www.smartbitcoininvestments.com/buy-bitcoin-in-manado/

Martapura

https://www.smartbitcoininvestments.com/buy-bitcoin-in-martapura/

Mataram

https://www.smartbitcoininvestments.com/buy-bitcoin-in-mataram/

Medan

https://www.smartbitcoininvestments.com/buy-bitcoin-in-medan/

Metro

https://www.smartbitcoininvestments.com/buy-bitcoin-in-metro/

Mojokerto

https://www.smartbitcoininvestments.com/buy-bitcoin-in-mojokerto/

Padalarang

https://www.smartbitcoininvestments.com/buy-bitcoin-in-padalarang/

Padang

https://www.smartbitcoininvestments.com/buy-bitcoin-in-padang/

Padangsidimpua https://www.smartbitcoininvestments.com/buy-bitcoin-in-padangsidimp n uan/

Palangkaraya

https://www.smartbitcoininvestments.com/buy-bitcoin-in-palangkaraya/

Palembang

https://www.smartbitcoininvestments.com/buy-bitcoin-in-palembang/

Palopo

https://www.smartbitcoininvestments.com/buy-bitcoin-in-palopo/

Palu

https://www.smartbitcoininvestments.com/buy-bitcoin-in-palu/

Pamanukan

https://www.smartbitcoininvestments.com/buy-bitcoin-in-pamanukan/

Pamulang

https://www.smartbitcoininvestments.com/buy-bitcoin-in-pamulang/

Pangkalpinang

https://www.smartbitcoininvestments.com/buy-bitcoin-in-pangkalpinang /

Parepare

https://www.smartbitcoininvestments.com/buy-bitcoin-in-parepare/

Parung

https://www.smartbitcoininvestments.com/buy-bitcoin-in-parung/

Pasarkemis

https://www.smartbitcoininvestments.com/buy-bitcoin-in-pasarkemis/

Paseh

https://www.smartbitcoininvestments.com/buy-bitcoin-in-paseh/

Pasuruan

https://www.smartbitcoininvestments.com/buy-bitcoin-in-pasuruan/

Pati

https://www.smartbitcoininvestments.com/buy-bitcoin-in-pati/

Payakumbuh

https://www.smartbitcoininvestments.com/buy-bitcoin-in-payakumbuh/

Pekalongan

https://www.smartbitcoininvestments.com/buy-bitcoin-in-pekalongan/

Pekanbaru

https://www.smartbitcoininvestments.com/buy-bitcoin-in-pekanbaru/

Pemalang

https://www.smartbitcoininvestments.com/buy-bitcoin-in-pemalang/

https://www.smartbitcoininvestments.com/buy-bitcoin-in-pematangsiant Pematangsiantar ar/

Perbaungan

https://www.smartbitcoininvestments.com/buy-bitcoin-in-perbaungan/

Percut

https://www.smartbitcoininvestments.com/buy-bitcoin-in-percut/

Plumbon

https://www.smartbitcoininvestments.com/buy-bitcoin-in-plumbon/

Pontianak

https://www.smartbitcoininvestments.com/buy-bitcoin-in-pontianak/

Prabumulih

https://www.smartbitcoininvestments.com/buy-bitcoin-in-prabumulih/

Probolinggo

https://www.smartbitcoininvestments.com/buy-bitcoin-in-probolinggo/

Purwakarta

https://www.smartbitcoininvestments.com/buy-bitcoin-in-purwakarta/

Purwodadi

https://www.smartbitcoininvestments.com/buy-bitcoin-in-purwodadi/

Purwokerto

https://www.smartbitcoininvestments.com/buy-bitcoin-in-purwokerto/

Rangkasbitung

https://www.smartbitcoininvestments.com/buy-bitcoin-in-rangkasbitung/

Rantauprapat

https://www.smartbitcoininvestments.com/buy-bitcoin-in-rantauprapat/

https://www.smartbitcoininvestments.com/buy-bitcoin-in-rengasdengklo Rengasdengklok k/

Salatiga

https://www.smartbitcoininvestments.com/buy-bitcoin-in-salatiga/

Samarinda

https://www.smartbitcoininvestments.com/buy-bitcoin-in-samarinda/

Sawangan

https://www.smartbitcoininvestments.com/buy-bitcoin-in-sawangan/

Semarang

https://www.smartbitcoininvestments.com/buy-bitcoin-in-semarang/

Sepatan

https://www.smartbitcoininvestments.com/buy-bitcoin-in-sepatan/

Serang

https://www.smartbitcoininvestments.com/buy-bitcoin-in-serang/

Sidoarjo

https://www.smartbitcoininvestments.com/buy-bitcoin-in-sidoarjo/

Singaraja

https://www.smartbitcoininvestments.com/buy-bitcoin-in-singaraja/

Singkawang

https://www.smartbitcoininvestments.com/buy-bitcoin-in-singkawang/

Situbondo

https://www.smartbitcoininvestments.com/buy-bitcoin-in-situbondo/

Soreang

https://www.smartbitcoininvestments.com/buy-bitcoin-in-soreang/

Sorong

https://www.smartbitcoininvestments.com/buy-bitcoin-in-sorong/

South Tangerang

https://www.smartbitcoininvestments.com/buy-bitcoin-in-south-tangeran g/

Sukabumi

https://www.smartbitcoininvestments.com/buy-bitcoin-in-sukabumi/

Sumedang

https://www.smartbitcoininvestments.com/buy-bitcoin-in-sumedang/

https://www.smartbitcoininvestments.com/buy-bitcoin-in-sumedang-utar Sumedang Utara a/

Sunggal

https://www.smartbitcoininvestments.com/buy-bitcoin-in-sunggal/

Surabaya

https://www.smartbitcoininvestments.com/buy-bitcoin-in-surabaya/

Surakarta

https://www.smartbitcoininvestments.com/buy-bitcoin-in-surakarta/

Tangerang

https://www.smartbitcoininvestments.com/buy-bitcoin-in-tangerang/

Tanjung Pinang

https://www.smartbitcoininvestments.com/buy-bitcoin-in-tanjung-pinang /

Tanjungbalai

https://www.smartbitcoininvestments.com/buy-bitcoin-in-tanjungbalai/

Tarakan

https://www.smartbitcoininvestments.com/buy-bitcoin-in-tarakan/

Tasikmalaya

https://www.smartbitcoininvestments.com/buy-bitcoin-in-tasikmalaya/

Tebing Tinggi

https://www.smartbitcoininvestments.com/buy-bitcoin-in-tebing-tinggi/

Tegal

https://www.smartbitcoininvestments.com/buy-bitcoin-in-tegal/

Teluknaga

https://www.smartbitcoininvestments.com/buy-bitcoin-in-teluknaga/

Ternate

https://www.smartbitcoininvestments.com/buy-bitcoin-in-ternate/

Ungaran

https://www.smartbitcoininvestments.com/buy-bitcoin-in-ungaran/

Weru

https://www.smartbitcoininvestments.com/buy-bitcoin-in-weru/

Yogyakarta

https://www.smartbitcoininvestments.com/buy-bitcoin-in-yogyakarta/