How to invest bitcoin, which is safe, legal, and important, especially for beginners who are just investing in crypto assets.
As for now, investments can be made in various ways. One way of investing that is currently trending is investing by playing crypto assets, especially Bitcoin (BTC).
To find out how here’s a complete guide.
What Are Crypto Assets?
Crypto assets are digital assets created as transaction media that use cryptography to secure financial transactions. Apart from abroad, this crypto asset is also starting in Indonesia as an investment asset (commodity).
This crypto asset is also different from conventional currencies because it is decentralized, meaning there are no intermediaries—third parties—in transactions. In this case, the transaction is carried out directly by the two parties, namely the sender and the recipient.
One of the first and most trendy types of crypto assets is Bitcoin (BTC). For information, like other crypto assets, this crypto asset also fluctuates.
However, the difference is that if conventional currency fluctuations are not profound, crypto assets will experience very extreme volatility.
Below are some of the attractions of crypto as an investment asset to be aware of.
First, there are various crypto assets; up to now, there are at least tens of thousands of assets on the market. However, not all of them can be obtained in the Indonesian market.
However, there are many options for crypto assets available. In addition, the unit value and prices offered also vary.
Easy to get
Second, these digital assets are also easy to obtain. This is because there are currently several digital platforms that can be used to buy crypto assets.
It can go up fast
Third, this asset can rise quickly, aka the price can increase drastically. Here, traders/investors can make profits in a short time if the cost of this digital asset skyrockets.
Easy to trade
Fourth, these crypto assets are also easy to trade. Well, from the sale, you will get your Rupiah money back.
How to Invest Bitcoin Safe for Beginners
Here’s how to invest in safe and legal Bitcoin for beginners.
Only use cold money
Make sure that you only use cold cash for this type of investment. Because investing in crypto assets has a high risk.
Cold money itself is money that will not be used shortly alias has not been allocated for a need. That is, it is an excess property owned.
Using cold money is not increase the risk of investing. That’s because if you risk losing cold money, you don’t have to sacrifice money for other needs.
Choose an official and registered media platform.
Next, you have to choose an official and registered media platform. In this case, PT Indodax Nasional Indonesia (INDODAX) is a digital platform supervised by the Commodity Futures Trading Regulatory Agency (CoFTRA).
Next is to open an account and register on the INDODAX platform. Here, you must enter your data and personal email. Later, you will be asked to verify the data.
Make a Deposit
If you want to buy a crypto asset, you first need to deposit to the account that has been determined. Here, adjust the deposit value with your financial capabilities.
Be careful in making decisions.
It is also important to underline you must be careful in making decisions. That is, when the price of this asset drops, for example, you don’t need to rush to sell it. The reason is there is still a chance for the crypto asset to rise. So, be patient and don’t be in a hurry to make a decision.
How to buy Bitcoin on Indodax
As for how to buy bitcoin on INDODAX, you can easily follow the following guidelines.
Enter the Marketplace Menu
First, enter the “Marketplace” menu and view the list of crypto assets for sale.
Next, please find and select BTC from the drop-down menu to complete your purchase process.
Choose Purchase Method
In the “Order Type” section, you can choose either “Market Copy” or “Limit.” If you choose “Market Instance,” you will buy BTC at the lowest price at that time and pay a 0.3% fee. If you select “Limit,” you can enter the desired BTC price.
Purchases are processed when the BTC price matches the entered price. In this case, investments with the “Limit” approach will typically take longer than Market Instances. Now, after selecting “Market Instance” or “Limit,” continue by clicking “Buy Bitcoin.”
Select Place Order
Finally, please click the “Book a place” button to confirm the purchase of BTC at INDODAX.
Bitcoin Investment Capital
What is the range of capital that must be spent on BTC investment for beginners? Maybe some people think that the money must be significant.
Bitcoin can be purchased in satoshi, aka loose change, which has a value of 1 satoshi, equivalent to a decimal fraction with eight digits behind the comma of 1 BTC coin.
In this case, one satoshi is 0.00000001 BTC. In fact, at INDODAX, beginners who want to dive into the world of Bitcoin can start with a capital of only IDR 10,000. This is because BTC on INDODAX can be sold in decimal fractions up to the smallest bit of IDR 10,000.
Thus a review of how to play bitcoin that is important to know. Check out articles about crypto assets, blockchain, and others only at Indodax Academy.