Guide How to Buy Bitcoin with 6 Easy Steps
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Guide How to Buy Bitcoin with 6 Easy Steps

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Guide How to Buy Bitcoin with 6 Easy Steps

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How do I buy Bitcoin, and where can I buy Bitcoin safely? It is still a question for many people.

As is well known, recently, crypto assets have become one of Indonesia’s most sought-after investment options.

In fact, this digital asset’s number of investors and traders is reported to continue to increase from year to year. Here is the full review.

Why Bitcoins?

Of the many crypto assets, Bitcoin is the top choice for people to invest. I wonder why? Well, here are some reasons.

Limited supplies

The maximum number of Bitcoins is 21 million. Meanwhile, until now, more than 18 million coins have been mined. That is, the supply will soon reach its limit.

Bitcoin becomes part of the identity of the buyer.

Another reason is that Bitcoin enthusiasts have jargon full of acronyms and phrases, such as “While” and others. In this case, it is known that Bitcoin has become part of the buyer’s identity because they are Bitcoin users.

Widely Accepted

Compared to other cryptocurrencies, Bitcoin is still the most widely accepted and top-rated coin globally.

It has been widely used as a means of payment.

Until now, Bitcoin has been widely used as a means of payment, especially in terms of online buying and selling transactions on several e-commerce sites, such as Amazon and eBay. In fact, in some countries, BTC has become a legal tender.

High Liquidity

Another reason is the high liquidity in trading crypto assets, especially Bitcoin. In short, buying and selling crypto is very easy.

Huge Return Potential

The potential for market returns or the possibility of making profits is also the reason many people are interested in investing in Bitcoin. Although trading with this asset can be called new, the potential returns are much higher than those on traditional investments, such as stocks.

No Mediator

There is no mediator in Bitcoin transactions, which is another reason. The reason is a degree of independence is possible with BTC. In a sense, when you deposit funds in a bank, you will depend on the organization itself. This is different from Bitcoin and other crypto assets.

The Bright Future of Crypto

The future of crypto, including Bitcoin, is seen to be bright. The reason is crypto is a safer and more promising alternative to other types of investments, even if this asset is seen as very unstable from time to time. That’s because if you choose Bitcoin assets, for example, your funds will not go anywhere and are entirely yours, different from other investments.

Buy and Sell Bitcoin on Indodax

Apart from mining, you can also buy bitcoins at Indodax. Meanwhile, Indodax is the first exchange in Indonesia. At Indodax, you can buy BTC safely.

Indodax is a trading platform at an affordable price. Here, you can benefit from buying and selling Bitcoin without having to be afraid to get started.

In addition, transactions on Indodax take place 24/7 or 24 hours non-stop for a whole week and can be done anywhere and anytime.

Indodax is also very easy to use, so transactions can take place more efficiently and safely through the website or application on the one hand.

In addition, buying and selling Bitcoin on Indodax is also safe and protected because this platform has been registered and supervised directly by BAPPEBTI and the Ministry of Communication and Information.

Steps to Buy Bitcoin on Indodax

Below is how to buy bitcoin on Indodax, which is essential to know.

Learn Bitcoin First

First, of course, you have to learn the ins and outs of Bitcoin, from its definition to how it works, before buying this oldest crypto asset because it is essential to know more about an asset before investing.

Choose a Crypto Broker

Next, please select the crypto broker where you bought this digital asset, Bitcoin.

Account Verification

If you want to trade Bitcoin, your account must be verified first as part of Know Your Customer (KYC). Here, you will fill in your data, upload a photo of your ID/passport, take a selfie, and verify your address.

Specify Payment Method

Next, specify the payment method you want, for example, via bank transfer or credit card.

Buy Bitcoin

The next stage is to buy Bitcoin. For your information, now is the right time to buy BTC as an investment asset.

Send to Personal Bitcoin Wallet

If you have made a purchase, you must have a place to store it: a wallet. Later, you can send the asset to a personal Bitcoin wallet that you already have.

What is the Minimum Buying Bitcoin?

What is the minimum you can buy Bitcoin? The purchase price of Bitcoin on each exchange will vary. The reason is there are fees, ranging from exchange commissions, spreads, and exchange fees, to one-time transfer fees. However, the purchase price of Bitcoin is between 0.5 and 4% of the traded amount.

When is the Right Time to Buy Bitcoin?

Here are some theories you need to know regarding the right time to buy Bitcoin.

Monitor Bitcoin Price Index

In this case, you can check the lowest price of the week, month, and year to guide you in setting the lowest price.

Prices tend to fall on Mondays.

During the weekend, Bitcoin demand will usually slow down. Then, it tends to go down as Monday arrives. However, the price will skyrocket again on Friday and Saturday. You can buy this Bitcoin when the price is low and accumulated.

Avoid Buying during Payday

During payday, usually at the end or beginning of the month, it is best to avoid buying Bitcoin. This is because when people have more money to buy BTC, the demand for this asset increases with the price.

Take Advantage of Bitcoin Calculator Features

You can also use the Bitcoin calculator feature to calculate your asset gains and losses. This feature will help you monitor Bitcoin investment performance from time to time.

Buy Anytime When There’s Money

It’s also a good idea to buy Bitcoin whenever you have money. That’s because most investors believe that the price of this asset will continue to rise in the long term. Thus a review of how to buy bitcoin is essential to know. See articles about crypto assets, blockchain, and others only at Indodax Academy.

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