After you study some basic learning materials at INDODAX Academy, you will know some basic things about the crypto world.

INDODAX Academy provides crypto trading learning materials in the form of articles and videos that are interesting and easy to understand, suitable for beginners. One of them is an easy way to trade Bitcoin and Ethereum, which are the two most popular crypto assets in the world.
Before starting trading, you just need to understand how trading works. Simple and simple, all materials are in INDODAX Academy.

But there are still some important things that you need to pay attention to again! Some of these things include:

Do Your Own Research (DYOR)

DYOR is a principle that emphasizes that every crypto asset investor or trader must conduct independent research and research first before trading.

When you want to buy crypto assets, you need to evaluate whether they can survive and grow.

This is important because the crypto asset market is very dynamic and risky, so traders need to understand each crypto asset’s risks and potential benefits.

Do DYOR like researching essential technologies, development teams, projects, price growth, and other things that can affect the value of crypto assets?

Avoid FOMO and FUD

FOMO (Fear Of Missing Out) is a thing that refers to the fear of missing out on the opportunity to buy or sell crypto assets when prices are rising.

FUD (Fear, Uncertainty, and Doubt) is a thing that refers to negative speculation and rumors that can affect the price of crypto assets.

To overcome FOMO and FUD, here are some tips you can do:

1. Avoid making decisions based on emotion

2. Apply predetermined risk management and trading strategies.

3. Focus on long-term strategy and avoid being too affected by short-term price movements.

4. Learn more about the crypto assets you are interested in and the latest developments.

5. Be patient and generous in buying crypto assets.

6. Consider facts and data before making an investment decision.

 

To avoid FOMO and FUD, it is advisable to research and understand the crypto asset market before making an investment decision.

You should also monitor market developments regularly and be prepared for price fluctuations that may occur.

Choose a Trusted Platform

INDODAX, or Indonesia Bitcoin and Crypto Exchanges, is Indonesia’s largest place to buy and sell crypto assets.

With over 5 million members, you can trade various crypto assets, including Bitcoin, Ethereum, Ripple, and many more, hassle-free! Fast, safe, and accessible.

Established in 2014 with members spread throughout Indonesia and abroad, INDODAX has obtained various certifications and permits from the Commodity Futures Trading Regulatory Agency (BAPPEBTI) and the Ministry of Communication and Information of the Republic of Indonesia.

CoinMarketCap also lists INDODAX as one of the Top 50 Spot Exchanges worldwide* regarding exchange volume, traffic, liquidity, and confidence in the legitimacy of reported trading volumes.

Register on INDODAX (Website)

If you still need to join INDODAX, you must register first. Here are the steps you must take when you want to create an account at INDODAX:

1. Open the INDODAX.com website and click “register.”

2. You will see a pop-up display and choose to continue registration via the Mobile App or Website.

3. Select “Continue registration via the web.”

4. Fill in your personal data according to the instructions on the register page.

5. Click on “terms and conditions” You will be shown a pop-up regarding the applicable terms and conditions. Make sure you understand them and click “I agree.”

6. v Then you click “create an account.”

7. Next, you have to verify your email and mobile number.

8. You will be asked to enter the OTP code, which will be sent to your mobile number.

9. After entering the OTP code, your Account has been successfully registered at INDODAX!

KYC at INDODAX Mobile App

If you are already a member of INDODAX, you must verify or KYC. Here are the steps you must take when you want to verify or KYC your INDODAX account:

1. After logging into the INDODAX account. Then, enter the Menu section.

2. Then, select Profile & Settings.

3. Click on the “Click here to verify” section.

 

In this section, you need to prepare an ID card or KTP. Because data verification requires a KTP, we recommend that account owners at INDODAX be 18 years and over.

If you are not yet 18 years old, change your name to the name of your parent/guardian, and attach your parent/guardian’s ID card and family card.

You need to fill in all the available fields and follow all the instructions, don’t forget to fill in your data correctly before clicking “confirm”!

Rupiah Deposits and Withdrawals

If you want to make deposits and withdrawals, you can do it in 3 methods: Virtual Accofor, E-wallet, and Retail.

Here are the steps to take:

1. You must first log in to your INDODAX account.

2. Click the Wallet menu if you are already on the INDODAX home page. Then, select IDR/Rupiah.

3. Then, you can click “Deposit/Withdraw.”

4. After that, several provisions must be read. Please click “I understand, continue to deposit” if you have read and understood.

5. Then, the Deposit Rupiah page will appear. In this section, you can choose a deposit method.

6. Then, click “Continue.”

7. If you choose the Virtual Account method, you must copy the bank account number listed. Ensure the intended Account is in your name and generate the appropriate Virtual Account!

8. After completing the transfer through the selected bank, please confirm by filling in the data correctly and including proof of your transfer.

9. If you choose to use an E-wallet, ensure your mobile number has been registered with the E-Wallet and has sufficient balance.

10. INDODAX will send a payment notification to the E-Wallet account for the deposit amount after you click the “Pay” button.

INDODAX will deduct 1.5% of the deposit amount for service fees. You will receive a Rupiah deposit equal to the deposit amount minus the service fee.

The process will be canceled automatically unless payment is received within 30 seconds.

Buy and Sell Crypto Assets

Do you already have a balance on the wallet in your INDODAX account? That means you can immediately sell and buy crypto assets, you know!

How to Buy Crypto Assets

Here are the steps to buy crypto assets like Bitcoin on INDODAX:

1. log in to your INDODAX account and enter the Marketplace section.

2. Select one of the crypto assets you want, for example, Bitcoin.

3. Once selected, a Buy Bitcoin or Sell Bitcoin section will appear according to the crypto asset you selected.

4. Since you want to buy crypto assets, you must go to the Buy Bitcoin section.

5. For Order Type, you can select Market/Instant to buy crypto assets directly and quickly or select Limit to buy crypto assets when the crypto asset price touches the price you input in the Limit method.

6. Then, enter the nominal you want to buy. You can also see the estimated crypto assets you will get later in the Estimation section by clicking Calculate!

7. If everything is correct, you can click Buy Bitcoin. Then, a purchase confirmation will appear, and you can click Place Order.

8. Next, a confirmation will appear regarding the purchase of your crypto assets, which means that your purchase of crypto assets has been successful.

How to Sell Crypto Assets

Here are the steps for selling crypto assets like Bitcoin on INDODAX:

1. log in to your INDODAX account and enter the Marketplace section.

2. Then, select one of the crypto assets that you want.

3. Once selected, a Buy Bitcoin or Sell Bitcoin section will appear according to the crypto asset you selected.

4. Since you want to sell crypto assets, you must go to the Sell Bitcoin section.

5. For Order Type, you can select Market/Instant to sell crypto assets directly and quickly or select Limit to sell crypto assets when the crypto asset price touches the price you input in the Limit method.

6. After, enter the nominal you want to sell. You can also see the estimated rupiah you will get later in the Estimation section by clicking Calculate!

7. If everything is correct, you can click Sell Bitcoin. Then, a sales confirmation will appear.

 

Next, a confirmation will appear regarding the sale of your crypto assets, which means that your crypto assets have been successful.

 

Conclusion:

1. Do Your Own Research (DYOR), research, and evaluate crypto assets before buying.

2. Avoid FOMO and FUD, be based on facts and data, and be patient in making decisions.

3. Choose a trusted platform, such as INDODAX, as the top 50 exchange in the world.

 

In the following material, you will study and discuss basic learning material regarding “Staking.”