Trading tutorials on Indodax :
- Open indodax.com on your cell phone / laptop. Then ‘click’ list, after this just enter the necessary data. Here there is the main mobile number and there are your alternatives, the alternative number is the number Indodax will call if the main cell phone number cannot be reached. Username is the username that you want to register. Then fill in the password. Then don’t forget to read the terms and conditions of the trade, after reading click agree and register.
- Now after registering, you must verify your account via email and mobile number that has been registered. After clicking the list, you will get verification via email and telephone number. Now the verification of this cell phone number is sometimes also needed to enter the Indodax account. So don’t forget!
- Next step on How to Register and Trade on Indodax, there is one final step to verify the account again for financial transactions. This is very important for you to verify first so that you can top up your balance. Remember, this must match your identity, yes, and this is needed to maximize protection! Everything that is needed will be explained clearly on this page. After you submit the verification form. Indodax will verify your account no later than 24 hours after we receive your application.
- After verification, you can log in with the username and password you registered earlier. Then, you can see the various digital assets available at Indodax along with the latest prices. At Indodax, there are about 45 digital assets that you can trade! If you see here there is also Google Authenticator to add account protection. The next step is to fill the balance to your account.
Top up your balance :
- Click Balance at the top, then click Depo or WD. Just enter the amount of money you want to fill, the source of funds, how to transfer and your account number. If you want to withdraw your balance, just go to the rupiah withdrawal page. There, just enter the amount you wish to withdraw, you will get an SMS pin when making a withdrawal. All transactions that you have done will be recorded in the history page for you to see.
- After going through all the above processes, you can start buying and selling digital assets that you want.
3 types of orders :
For the limit method, this is a feature for buying or selling digital assets at a certain price and amount. To buy bitcoin, just enter how many rupiahs you want to use to buy bitcoin and at what price. Once entered, the order will be processed and will appear in the order book below here. In the orderbook, there will be a queue price list for buying / selling digital assets. For this situation, you can play a role as a market maker or market taker. Market maker is if you are making a price to buy / sell digital assets whose prices are not listed in the order book.
If you act as a Market maker and make a buy order, the price to be set is cheaper than the price that is on the transaction in the orderbook, and the transaction when making a sell order, the price made will be more expensive than the latest transaction price in the order book. Meanwhile, market takers are you who buy or sell digital assets at prices that are already in the order book.
The advantage of being a market maker is that you won’t be charged for selling or buying digital assets. But you have to wait until there is a market taker who wants to sell / buy on your order. This market taker can sell or buy digital assets directly. But market takers will be charged a fee of 0.3% for the transaction.
Market or instant order
If seen here there are options where you can sell or buy bitcoin directly. As the name market / instant, this is specifically for traders who want to be fast. If you want to buy, just fill in how many rupiahs you want to use to buy bitcoin. Then this rupiah amount will be automatically exchanged to bitcoin after estimating clicks. Likewise with the opposite if you want to sell bitcoin, just enter how many bitcoins you want to sell. Immediately, how many rupiah will we automatically receive. But for this method you will be charged 0.3% because you act as a market taker.
Especially for Stop orders, this feature is where you can trade without having to worry about the ups and downs of prices on the digital assets that you choose. But this feature can only be used for a few digital assets. This feature can be used for digital asset transactions when the last price reaches the stop price. This stop price is the price you have set from the beginning. I will give an example so you can understand more! For example, if you want to buy bitcoin, just enter just how much rupiah you want to buy bitcoin and also the stop pricenya or the price where you want to buy bitcoin. If the price has reached the stop price that has been installed. Then a transaction will occur to buy bitcoin. Likewise, if you want to sell bitcoin!
After the order is successful, your bitcoin balance will automatically appear in your account balance. In the wallet menu with an asset called “bitcoin”. It’s enough to learn How to Register and Trade on Indodax.
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