Bitcoin Indonesia is an exchange to buy and sell the digital asset. Started in May 2013, this company deals in the trading pair of crypto-flat currency. The organization deals in Bitcoin wallet in Indonesia only. Bitcoin Indonesia also became the first professional Bitcoin brokerage platform to encourage the digital enthusiast.
The company's motto is to educate the people about Bitcoin and other digital currencies and its value in the coming years. Currently, Bitcoin Indonesia is one the biggest exchange in Southeast Asia.
A user can buy Bitcoins through this platform and it will reflect in Bitcoin wallet within an hour. If a user sells Bitcoin, the money shall come in the form of Rupiah, the local currency in one working day.
According to Bitcoin Indonesia review, it accepts payment through any local bank thus, making it convenient for the users to use the platform easily. In 2014, the company launched the services for Bitcoin spot exchange.
The company follows advanced technology when it comes to account security. There are three levels of scanning before a user can smoothly process a transaction through his account. There is a multi-factor authentication that occurs. The Email ID and phone number of a user are verified. A verification link is sent to the email and an SMS code is sent to the mobile number.
Google authenticator plays a great significance. A user can scan the QR code of his account and sync the details. A 6-digit code is sent to the user before he can sign in. Every transaction that occurs is signed and validated.
The Interface of Bitcoin Indonesia is user-friendly and easy to use. It can be accessed through PC, laptop, tablet and smart phone. The trade is instant using this platform. The company also provides immense support through 24*7 live chats. A user can also email his query at admin@bitcoin.co.id. There are also several merchants in Indonesia who has partnered with Bitcoin Indonesia for payments.
How to setup a new account in Bitcoin Indonesia?
In order to register a new account on Bitcoin Indonesia, log on to www.vip.bitcoin.co.id. Click on the tab "register". A user can either open a personal account or an institutional account. The platform would request some personal details such as username, email ID, a primary phone number and an alternative number. Select a password and click on "I agree to T&C".
For an institutional account, enter the details such as company name, license number, address, phone number, email ID, desired username, and password. Click on "I agree to T&C to register". Once an account is logged in, the user should immediately activate Google authenticator.
How to buy/sell Bitcoins using Bitcoin Indonesia platform?
In order to buy Bitcoins, a user must have Rupiah, the traditional currency in his account. Currency can be added by clicking on the tab "Deposit/Withdraw Rupiah". Enter the amount in Rupiah for which a user will purchase Bitcoin to confirm the order. In order to sell Bitcoins, a user must have digital currency in Bitcoin wallet. The user can select the BTC amount and confirm the order. The value of Bitcoin is updated on the platform in real time.
Bitcoin spot market is a great platform for traders with respect to exchange. The graphical analysis shows the trading pair and its activity in a particular timeline. The timeline could be set for minutes, hours or day. A user can get insights on high and low bidding price, trading volume in last 24 hours. There is a live chat room with active members on it for discussion on trading. The user can also avail the trading history.