Indodax, previously known as Bitcoin Indonesia, changed its official name on 14th March 2018. It’s Indonesia’s largest crypto asset market – the fastest, easiest, and secure of all, that allows you to trade your crypto assets including Bitcoin, Ethereum, Ripple, and many more! Currently, the Indodax market enjoys over 19 million users who are expected to increase even more with its popularity over time. Because the deposits of Indonesian Rupiah can be executed immediately, it is widely popular among the Indonesians. You may expect the withdrawals to take hardly a day! Similarly, until November 2019, the exchange has got over 64 coins and 75 trading pairs.

Indodax Offers Its Services 24/7 Everyday

One of the best things about this digital crypto exchange is that it offers its services 24/7. Even if its some holiday and you have to do some important crypto errand e.g. during Christmas or Thanksgiving, then don’t you worry! Indodax has got your back! It’s there to help you with making all kinds of transactions! One other advantage that you gain in this exchange is its focus over increased security, simplicity, and speed and that’s what most of the cryptocurrency traders look for in any trading platform. However, there’s bad news for US residents! The Indodax market is empty of the investors who reside in the United States of America. They may look for any other platform yet until they are offered the services from Indodax.

Easiest Trading Views on Indodax

Every exchange has its own trading view and you may never assume which one is the best. Thus, you have to look for the trading that suits you the best! All kinds of trading views usually have some aspects in common such as they all display the order book or at least some part of the order book, a price chart of the chosen cryptocurrency and order history, buy and sell boxes, etc. Thus, it’s always recommended to look into the trading view before you choose any trading view for yourself! Hence, Indodax also contains one of the easiest versions of the trading view where you may view the buy and sell interface that makes it easier for the crypto investors to understand everything; however, it may not be liked by the experienced traders for lacking some features that they look for!

What Features Does Market Indodax Provide You?

Most of the crypto traders show concerns over the inconvenience that they face while making transactions or doing some trade. However, the Indodax market is full of users who are satisfied with the mobile optimization that allows them to make their trade ongoing whenever and wherever they feel comfortable and get an opportunity. Moreover, the trading fee at market Indodax is quite minimal i.e. between cryptocurrencies at 0.00%. That’s truly incredible because very few exchange platforms do offer no-fee trading offers. Similarly, the Indodax withdrawal fee amounts only to 0.0005 BTC when you withdraw BTC and is below the industry average which gives it a strong competitive advantage against many other top crypto exchanges in the market. What other benefits does market Indodax enjoy? Well, every user account is subject to two-factor authentication, email, and SMS verification from Google Authenticator which ensures that nobody could access your account and the transactions are only validated by you! If you any own Indonesian bank, you will be able to make crypto-asset purchases in less than an hour or convert them into rupiah taking only one day! In addition, buying and selling of the transactions could be easily accessed through one account via a PC, tablet, or smartphone application anytime and anywhere that gives you the latest market updates, interactions with the fellow traders, and all information about your crypto assets at your fingertips. Indodax allows you to invest with your crypto assets starting from 10.000 IDR to get your maximum desired profit in return.

Things You Need to Know about BTC to IDR Indodax

Let’s understand how you can buy and sell BTC to IDR on Indodax, thereby making it easier for you to make transactions for trading or buying or selling your goods and services.

How You Can Buy Bitcoins with Indonesian Rupiah?

Let’s guide you about BTC to IDR Indodax and the mechanisms that it involves! First, we will guide you about how you can buy bitcoins with Indonesian rupiah using Indodax.

• Login to your account on the Indodax platform.
• On the main page, go to menu named “Marketplace” and select the option “BTC / IDR”.
• Doing this, two options of purchase order types will appear in front of you i.e. Limit and Market / Instant.
• If you choose to buy bitcoin using the Limit method, you will need to enter the amount in rupiah and purchase price that you want. Next, you will be asked to press the “Buy Bitcoin” button and make it done using the “OK” button once the message of confirmation appears.
• Now if you want to buy bitcoin instantly, you will need to click on the “Market / Instant” order type. This method will however charge you a fee of 0.3% of the number of transactions as you are considered as a Market Taker. Next, enter the amount of rupiah you want, press the option “Buy Bitcoin” and click the “OK” button when confirmation appears.
• Once your order becomes successful, the bitcoin balance will appear in your account balance by simply viewing the option “Bitcoin” on the “Wallet” menu.

Now one question may appear in your mind is can you buy bitcoin with some other currency excluding rupiah? Well no! Certainly not! The Indonesian regulations allow you to buy or sell your bitcoins through Indonesian rupiah. However, you may exchange your bitcoin to other crypto assets such as Litecoin, Dogecoin, Ripple, Stellar, etc. using the platform Indodax.com without being charged with some extra fee.

How You Can Sell Bitcoins with Indonesian Rupiah?

Must be waiting for this information right, if you are willing to sell bitcoins with rupiah? Don’t worry! We have also listed every single detail using step by step instructions in this article. What are you waiting for? Let’s go and understand how you can deal with BTC to IDR Indodax while selling the bitcoins with rupiah.

Well, to sell your bitcoins with Indonesian rupiah, all you need to follow the following steps!

• Log in to your account on the Indodax platform.
• Click the menu “Marketplace” and select the option “BTC / IDR” on the indodax platform.
• You will be taken to the two choices of Sales Order Type i.e. Limit and Market / Instant.
• If you choose to sell bitcoin using the Limit method, enter your target amount in bitcoin and the selling price that you want, next, click the option “Sell Bitcoin” and go to the “OK” button once the message of confirmation appears.
• While if you want to sell bitcoin instantly, go to the option “Market / Instant” Order Type and click on it. This method will only charge you a fee of 0.3% of the number of transactions that you made, for you are considered as a Market Taker. Follow the steps with entering the amount of bitcoin you want to sell, press the “Sell Bitcoin” button and click the “OK” button once the message of confirmation appears.
• Once the selling order is completed and successful, the Rupiah balance will increase in your account balance by going to the option “Rupiah” Assets on the “Wallet” menu.

Things You Need to Know Regarding CoinMarketCap Indodax

Indodax is best known for its remarkable features and convenient services to its users. It has started a program known as Community Coin Voting that helps you to determine the new coins or tokens eligible to be listed in the CoinMarketCap Indodax platform. It enables its new users to first register and then vote for their desired amount of coins or tokens.

Let’s Know About the Crypto Asset Registration and its Rules

To be a part of this program and get your crypto asset registered, you will need to be a verified member of Indodax. For registration, you will need to invest 100 TEN per Crypto Asset that will be deducted from your account balance.

Following are some other rules that you will need to consider before registering for a crypto asset:

• Your project should not be violating the regulations imposed by Indonesia.
• The registered project should be worth at least Rp 1.00.
• Indodax Project must be registered on CoinMarketCap.
• The project must be owned by a vivid identity.
• The crypto asset must have a definite supply and circulation and must be seen in the blockchain network.
• Indodax accepts only Ethereum Token, NEO Token, Stellar Token, Achain token, and Waves Token.
• You must determine the number of security deposits for registering your crypto asset. The security deposit is usually 10 tokens that ensures the smooth running of the coin or token project for one year in the future and is applicable for only one time.
• To be a winner, you will need to win a minimum score of 10000, etc.

Indodax is not bound to follow all these rules rather it may change the rules for Community Coin Voting next time.

Facebook has announced its cryptocurrency, Libra in past years which enables each and every individual to buy things and also to send money irrespective where the person is with ultimately zero transactional fees.

Libra is built on a very strong foundation in order to make transactions simple, easy, secure and safe. Libra coins can be stored in any third party crypto wallets or on facebook’s own Cablibra Wallet. This wallet will be associated with Whatsapp and Messenger very soon.

In the recent updates of Libra, Facebook released Libra’s white papers explaining details about its testnuts and transactional working procedure through the blockchain system in detail which will come into existence in the first half of 2021.

Anyways Facebook alone will not be controlling Libra as a signal entity but will be governed by Libra association members along with the Visa, Uber and Andreessen Horowitz who have invested more than 10 millions each in this project, according to a news report. The association members have promoted blockchain technology, which has become trendy in recent times because of its entry in bitcoin casinos.

Libra Blockchain is an open-source decentralized network which is programmed by a robust language “Move”. It is encoded in an understandable way even by the non-programmers and also mobile friendly. Businesses involved in libra payments will get extra benefits and discounts in coming years. This business strategy will reach billions of people in a very short run. Hopefully, Libra will get its place very soon and grab many users.

Our team from Winbtc.net has come up with an interesting and unique infographic on Libra Coin — a new virtual coin developed by Facebook to reach billions of people across the world. Hope you’ll like it, please share it with your family and friends.

Cryptocurrency, which is sometimes referred to as digital currencies operate independently of any central authority or banks and it is permissionless to use, the transaction is open & available for people to see.

Because it is decentralized, government authorities such as the Judiciary, Authorities in-charge of taxation, and the central banks do not find it appealing because it cannot be taxed and they don’t have power to influence the transactions of traders/participants.

N.B: Cryptocurrencies Transaction cannot be cancelled, cannot be reversed and neither can it be disputed, This is the reason why newbies are advised to have someone who is experienced and careful to guide them whenever they want to carry out a transaction.

Cryptocurrencies can be obtained by buying/purchasing from a digital/crypto-currency exchange platform, The exchanger allows the trader to exchange their Fiat( paper currency) to Alt coins of their choice. The top five (5) cryptocurrency Exchange can be find below:

• Binance
• Bitmex
• Kucoin
• Changelly
• Hobi Pro

Cryptocurrency Trading platform have their own shortcomings such as: scalability, Cybersecurity issues, price volatility and lack of inherent value, Regulations, and abuse of trust which traders place on the crypto exchange all for the sake of profits, user-friendly interface, these shortcomings cause traders to panic.

As more technological innovations are uncovered, binance works as a decentralized structure for its users. This makes it reliable for unlimited coverage worldwide. This implies that users can access the platform near the network and the business as a whole. Furthermore, the platform uses a decentralized node to create a broader public spectrum, thereby expanding the business and the platform.

WHAT IS BINANCE EXCHANGE?

Exchange is a trading platform with numerous functions that allow users to make smart trading decisions, reduce their costs and maximize their profits from each transaction made. The success of each project mostly depends on the team. The project team consists of numerous experts and various Blockchain professionals who have experience in the cryptocurrency world for many years. They will be able to bring the trading platform to a new level and offer a highly reliable and high-speed trading platform for traders.

In addition, binances functions as a centralized structure for its users. This makes it reliable for unlimited coverage worldwide. This implies that users can access the platform with proximity to the network and trade as a whole. In addition, the platform uses a decentralized node to create a wider audience spectrum, thereby expanding the business and platform.

THE BENEFITS

High security – Your personal data will always be encrypted, which guarantees very high reliability and security. Developers create a trading platform where buying digital currencies will be simple and straightforward, even for beginners. Binances Exchange accepts any credit or debit card from VISA or MasterCard.

• Only the best and most top cryptocurrencies – Buy your digital assets in a wide range of the most popular cryptocurrencies in the world.
• Reliable platform – You can use all services wherever you are, and you can always be confident in the reliability of the trading platform.
• Customer service you can trust.
• Support agents are always ready to answer any of your questions that you can ask at any time convenient for you.
• UNIQUE FEATURES OF binance EXCHANGE
• Highly Secured Your data is encrypted, guaranteeing your safety.
• Binance makes buying crypto simple Rokes Commons Exchange accepts any credit or debit card from VISA or MasterCard.
• Top Crypto Currencies
• Buy your coins from a wide selection of the world’s most popular cryptocurrencies.
• Upload your documents today. Binances reviews them within the hour.
• Reliable Platform
• You can use the services wherever you go.
• Binance Exchange has you covered.

A crypto token is arguably the most fundamental element of digital currency. in this article, we’ll explain exactly why.

What is it?

The most basic definition of a crypto token is that it represents a specific fungible and tradable asset or utility.

For those who are unaware of what “fungible” means, it is the standard ability of a good/asset to be interchangeable with an array of other individual goods/assets of the same type. Can the token be bought, sold and traded for other assets like the Euro or another token?

Fungible means the assets that are exchangeable for one another. Moreover, digital tokens may better simplify the exchange and trade processes because fungibility generally implies equal value between the assets.

A quick overview of blockchain

The asset or utility that a crypto token represents can often be found on a blockchain. You may already know what a blockchain is, but for the sake of providing context, let’s briefly go over what exactly it is.

Blockchain is the cryptographic ledger technology that connects with virtual currency. It is essentially a list of records (the ‘blocks’) that are linked together on a public database (the ‘chain’). The blocks existing on this digital chain are full of various pieces of information.

More on tokens:

Crypto tokens are a special brand of virtual currency tokens. They reside on their own blockchains and, as previously mentioned, represent an asset or utility. For example, someone can have a crypto token that represents a specific number of customer loyalty points within a blockchain. In a way, these are tools that manage such details pertaining to a retail chain.

There can usually be another crypto token that provides entitlement to the token holder. This entitlement is to view roughly 10 hours of streaming content on a blockchain that shares videos.

The shekel was the name for both a specific weight of barley and the coin which could be used to collect that weight of barley from the city’s warehouse. Shekels eventually became a form of coinage used in several different nations, which could be used simply as a currency to purchase all sorts of things, and was no longer exclusively a “redeem for one bag of barley” token.  Click here to know more about Barley Token. Its a referral program in the Crypto industry with a background of the Coffee and beer industry.

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