How to buy bitcoin on Indodax is actually the same as buying crypto on other exchanges. However, what distinguishes it lies only in the menus.
I am sure that cryptocurrency activists are certainly familiar with Indodax. Because Indodax is one of the pioneers of the first crypto exchange platform in Indonesia.
Because it has been around for a long time, currently Indodax has quite a large number of users, reaching hundreds of thousands of users spread throughout Indonesia.
For those of you who don’t know, Oscar Darmawan is the founder of Indodax who has been active in the cryptocurrency world for quite a while since 2022 until now.
Currently, Indodax has grown quite rapidly to become a Bitcoin buying and selling transaction platform with one of the largest coin listings.
Almost all coins for investment are available on Indodax ranging from BTC, ETH, BCH, USDT, BNB, DOGE, and many others.
Things to Pay Attention to
To be able to invest and trade on Indodax, you need to register an account and perform the KYC process first.
In addition, every time you make a deposit or withdraw using a virtual account, you will be charged a fee of 1% of the deposit or withdrawal amount. Meanwhile, the minimum withdrawal amount is IDR 25,000.
How to Buy Bitcoin on Indodax?
Actually you can make bitcoin purchases easily and it doesn’t take long. The following is how to buy bitcoin on the Indodax platform:
- The first step, login to your Indodax account
- Deposit rupiah which will be exchanged for Bitcoin or other coins
- Then click the “Marketplace” menu and select Market “BTC/IDR” to buy Bitcoin
- Next, enter the amount of rupiah and enter the price
- Then click Buy Bitcoin
- If it is successful, then you can find out by looking at the balance in bitcoin has increased
How to Sell Bitcoin on Indodax?
The way to sell Bitcoin is actually not much different from how to buy it. The following are the steps to sell Bitcoin on Indodax:
- Make sure you have Bitcoin in your Indodax account first
- Then click the “Marketplace” menu and select the “Bitcoin” menu to sell it
- Next enter the amount of bitcoin and also the price
- Then click Sell Bitcoin
- You can also sell Bitcoin quickly by clicking on the “Market/instant” menu
- Next enter the amount of Bitcoin to be sold and click Calculate for an estimate
- After that, click Sell Bitcoin
The final word
That’s the interesting information that can be conveyed about how to buy and sell bitcoin on Indodax. Hopefully this article can be useful and thank you for visiting.
