HOW TO BUY BITCOIN IN INDONESIA

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Presented by: Smart Bitcoin Investments

We Want To Teach The World How To Invest In Cryptocurrency

Author: Jeffrey Ito

www.smartbitcoininvestments.com

2021 Lithium Gold Ventures, LLC

All Rights Reserved.

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Table Of Contents

Table Of Contents 3

How To Buy And Sell Bitcoin In Indonesia 4 Choosing A Platform To Buy And Sell Cryptocurrency 5 Register For An Account And Verify Your Identity 5 Buying Bitcoin In Indonesia 6 Selling Bitcoin In Indonesia 7

Conclusion 8

Indonesia 9 Cities In Indonesia 10

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How To Buy And Sell Bitcoin In Indonesia

The cryptocurrency market started Bitcoin decades ago, but it was never as popular as it was before as it is now. Every passing day, more and more people are buying either Bitcoin or other cryptocurrencies and being a part of this trend that is happening worldwide. Ever since the pandemic, with the values of nearly every coin going up tremendously and Bitcoin earning more than 400%, it is no surprise that people want to hop on to this train to get some of the profits for themselves, too. Many people around the world have earned tremendous amounts of money only by trading Bitcoin. When the situation is like this, buying and selling Bitcoin everywhere worldwide has become more comfortable and easier and less commissioned because the demand is so much that exchange platforms are fighting to get the newcomers to their platform, so they lower the commission fees and provide other benefits. However, you have to be careful when entering the market for the first time, and you do not know anything. In this article, we will talk about how to buy and sell Bitcoin or other cryptocurrencies in Indonesia in detail and tell you what to avoid and what to do.

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Choosing A Platform To Buy And Sell Cryptocurrency The first and the most crucial step when you want to buy or sell Bitcoin is to choose your exchange platform because everything will be going down in this platform, and it has to be secure, steady, durable, and long-lasting. What you need to be careful about is the platform's legitimacy because there are many platforms out there nowadays that want to get their share from the hype train that is going right now. They might not be as secure, durable, or long-lasting as the other competitors out there, and if you are looking to invest long-term, this is more of a problem for you. Moreover, not every exchange platform has the coins you want; some have more, some have less, and some even only work with Bitcoin. Depending on your need and wants, you can look at them in detail to make sure that Bitcoin or other coins are in there. Another problem that you need to be on the lookout for is how durable their servers are because nowadays, coins, especially BTC, are utterly volatile, and you might have to sell them or buy them at the desired price. If the system breaks down due to the high usage, you might lose money or miss opportunities. Every detail matters when it comes to the exchange platform, and you always have to do your research and spend some time on it. Otherwise, you might pay it with your money, rather than your time. Especially for long-term investors, we can not dive into how important it is to focus on the exchange platform and what it offers and its security because you will not be touching that money for years. If the platform is not good enough, they might go bankrupt, and you might lose your investment which is notably a lot of money. There are two best ways to know which exchange platform is good and which one is bad. The first one is to read everything that the company offers, their company, and investors if they have any other official paper that shows their legitimacy and how they protect their customers. You can check their balance sheet to ensure they are financially stable and not go bankrupt in the foreseeable future. The other way is to talk to those who use the platform. This is the most crucial one and maybe the most effective one. Because you get to hear the first-hand experience, that is worth more than anything else when learning about something. They will tell you everything, good or bad, and make sure you get the facts. This will make sure that you are going to be registering to the right exchange platform.

Register For An Account And Verify Your Identity After choosing the platform, it now comes to the registration part. When you first glance at what they request from you for the registration, it might seem too much, like your ID or passport, but they have to ask this if they are providing legal work. Since you will be an investor and fund your money into the platform, if anything unusual happens or you deposit a lot of money, they might

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need to know your name and identity to provide money laundering or things like this. So, you do not need to worry about what will happen if you did your research well, and you know that they are asking for preliminary cautions to specific crimes, not to steal your identity. That is why research is essential; your identity is also a matter of security when you want to trade Bitcoin or other coins on exchange platforms. Platforms like Binance or Coinbase are examples of international coin exchange platforms and can be trusted for anything from your identity to your money. Some platforms that are also available in Indonesia are eToro, Luno, Coinmama, etc. However, be advised that we recommend doing your research before signing up for one of these platforms supported in Indonesia. Lastly, you have to know that since your identity has to be confirmed to make sure you are not fake, it might take some time for you to be admitted to the website and be able to use it. This might take a couple of hours or days; it depends on the platform you signed up for.

Buying Bitcoin In Indonesia Now, since you know how to choose a platform and sign up for it, it is time to learn about how to buy Bitcoin on the platform you signed up for. Before we dive into telling you how to buy Bitcoin, you need to take steps to be able to buy your Bitcoin. Your account is already confirmed by the website, thanks to the ID you provided during the sign-up. After being admitted to the website and everything is ready, it is now time to deposit your money into the platform. Deposit the amount of money you want to invest, but be careful; we recommend investing the money you can afford to lose. If the money is going to be essential for you or you might need it, you are investing in your own risk, and you might lose the money while doing so; you need to be aware of this. After you deposit the money into the platform, you must decide which BTC parity you will be investing your money into. There are two different parities in BTC. One in USD currency is called BTC/USDT, and the other is in your currency, BTC/IDR. The difference between these two is that the volatility might increase if IDR loses too much value against USD or gains too much value in the latter. So you are taking a double risk when you invest in IDR, and it might not always be the best call to do that. For example, if you invest in BTC/IDR and IDR gains value against USD and Bitcoin gains 10%, your gains in IDR might be 8% or 9% because IDR's value against Bitcoin is depreciating due to the value loss of USD to IDR. It might seem complicated, but it is easy to grasp. All you need to do is to watch the markets for a couple of days and understand how the volatility between the two different currencies work. Once you decide on the currency or the parity you want the invest in, it is now time to click on the "buy" button to buy it. However, there is a small detail. If you want to buy BTC/USDT, you must convert your money to USDT first in the platform and buy USDT and then buy BTC/USDT. Because you will be buying on USD, not IDR, the currency you deposited. You can now buy

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BTC/USDT, and you are done. This is as easy as it gets nowadays. But the research part takes time, so be careful with that and with your time.

Selling Bitcoin In Indonesia You found the platform, you signed up for it, and you bought your Bitcoin; now what? Selling your investments in Bitcoin depends on what it is that you want from it. Do you want to make the trade by buying and selling and take your profits, or do you want to hold it for the long-term, longer than 1+ year, and sell it when you need to get your earnings? Whatever it is that you are planning to do, you have to sell your BTC at one point, and to be honest, even if it is long-term investing, you need to know when to sell them. When buying it, you must do your research, as well. Buying it at the peak might be a tremendous mistake for you because back in 2017, BTC peaked at around $20K, and it took those investors who bought at the top to get a break-even about three years. That is why you have to know where the peak is and where the dip of the price that Bitcoin is when buying or selling. There are many ways to analyze this or make charts about it, and you can search this on the internet to get an idea of how things work. Other than that, if you do not want to get involved this much in the graphics and analysis, it is best to look at the past performance of the coin, and if it is at its peak, it might be risky to invest in that even for long-term. But again, doing like this is a massive risk because it might have the potential to go up even more. It is the same with selling, you think it is at its peak, but it might go up. When you identified the right time or right position to sell your Bitcoin, now you should sell it to take your profits or prevent further losses in your money. Go to the page of whatever currency you bought it either BTC/USDT or BTC/IDR, and click on "sell." When you are doing this, you are giving an order to the market to sell it at the price you chose, and since it is a market order, it is the price that the market is set. When you click on sell at the market limit, your Bitcoin will be sold to another person who gave an order to buy at that particular price. If no one gave an order to that price, you might have to wait a bit until someone creates an order at that price. Once your Bitcoins are sold, you are out of the market. You do not get any profits or losses after that until you reinvest. If you sold it at BTC/IDR, you could withdraw your money to your bank account. But if you sold it at BTC/USDT, you need to convert those USDTs to IDR to withdraw it to your bank account. Because when you sell it on BTC/USDT, you are on the market for BTC and USD, not IDR. Since the platform is in Indonesia and your bank account is in IDR, you need to convert that money into IDR to be eligible for withdrawing. Some people prefer to keep the money in their platform account to buy again once the situation they are expecting at a price happens. And if you sold it in a time of need and need the money, you can withdraw it without waiting. However, depending on the platform you are using, it might take hours or days for the money to get into your account. Since you are making a money transfer from one account to another, this

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process might take some time. Some platforms get your money into your account right when you give the order, and some platforms take hours or days to do so. So, be aware of any kind of delays within the period of withdrawing your money. When you withdraw your money, and it takes some time to get it, that money is not affected at all, it is your money, and you will get the amount you withdraw. If there is any problem with the amount or the withdrawal time, make sure to get in touch with the platform itself or the customer service to prevent any mistakes. As you can see, we have talked about buying and selling Bitcoin in Indonesia and the things you have to be careful about when you are doing that. The most crucial thing for buying or selling Bitcoin in Indonesia or in general is the platform you will be using. Because the platform is your primary key and everything happens in that platform, you sell it there, and you buy it there, and that is why it has to be long-lasting and secure. You have to take your time for this and research it well enough. This is to protect not only your money but also your identity. After all, you will be giving out your ID information and a photo of it to the website. This process happens to prevent any illegal activity, so you should not be stressed about it unless you are doing an illegal activity. Considering that you have spent a lot of time choosing your exchange platform and knowing it is 100% legal and secure, you can freely give your ID and information to the website. After you did this and the process of proving your identity is confirmed, you can start your trade of Bitcoins or any other cryptocurrency that platform offers. It would be best if you decided on which parity of BTC you will be buying because there are two different ones. One is based on USD, and the other is IDR, and IDR has its own risk because it is based on USD, as well, and the value fluctuates with IDR/USD parity, too. There are two things you need to consider when buying BTC/IDR, and it is riskier. It is all up to you to decide on that, but it does not make a big difference, you might lose some advantage of 1 or 2%.

Conclusion Moreover, you will need to sell those BTCs you purchased at a reasonable price once you buy them. Once you settle on the price you want to sell, you click on "sell" in the platform, just like the same thing when buying. However, if you purchased at USDT, you have to convert your IDR to USDT to buy it and again convert USDT to IDR to withdraw the money because you deposited it with an IDR bank account and you are withdrawing it to an IDR account. USDT withdrawal is not allowed to IDR accounts. So, be careful about that and always take care of that before you buy or sell. After that, withdraw the money to your bank account, and you are good to go after waiting some time for the money to arrive in your bank account.

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Indonesia

Country Indonesia

Capital Jakarta

Total Number of Bitcoin ATMs

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Webpage https://www.smartbitcoininvestments.com/buy-bitcoin-in-indonesia/

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Cities In Indonesia

City Page # of Bitcoin ATMs

Adiwerna https://www.smartbitcoininvestments.com/buy-bitcoin-in-adiwerna/ 0

Ambon https://www.smartbitcoininvestments.com/buy-bitcoin-in-ambon/ 0

Arjawinangun https://www.smartbitcoininvestments.com/buy-bitcoin-in-arjawinangun/ 0

Astanajapura https://www.smartbitcoininvestments.com/buy-bitcoin-in-astanajapura/ 0

Balikpapan https://www.smartbitcoininvestments.com/buy-bitcoin-in-balikpapan/ 0

Banda Aceh https://www.smartbitcoininvestments.com/buy-bitcoin-in-banda-aceh/ 0

Bandar Lampung

https://www.smartbitcoininvestments.com/buy-bitcoin-in-bandar-lampung/ 0

Bandung https://www.smartbitcoininvestments.com/buy-bitcoin-in-bandung/ 0

Bangil https://www.smartbitcoininvestments.com/buy-bitcoin-in-bangil/ 0

Banjaran https://www.smartbitcoininvestments.com/buy-bitcoin-in-banjaran/ 0

Banjarmasin https://www.smartbitcoininvestments.com/buy-bitcoin-in-banjarmasin/ 0

Banyuwangi https://www.smartbitcoininvestments.com/buy-bitcoin-in-banyuwangi/ 0

Batam https://www.smartbitcoininvestments.com/buy-bitcoin-in-batam/ 0

Batang https://www.smartbitcoininvestments.com/buy-bitcoin-in-batang/ 0

Baturaja https://www.smartbitcoininvestments.com/buy-bitcoin-in-baturaja/ 0

Bekasi https://www.smartbitcoininvestments.com/buy-bitcoin-in-bekasi/ 0

Belawan https://www.smartbitcoininvestments.com/buy-bitcoin-in-belawan/ 0

Bengkulu https://www.smartbitcoininvestments.com/buy-bitcoin-in-bengkulu/ 0

Binjai https://www.smartbitcoininvestments.com/buy-bitcoin-in-binjai/ 0

Blitar https://www.smartbitcoininvestments.com/buy-bitcoin-in-blitar/ 0

Bogor https://www.smartbitcoininvestments.com/buy-bitcoin-in-bogor/ 0

Bontang https://www.smartbitcoininvestments.com/buy-bitcoin-in-bontang/ 0

Bukittinggi https://www.smartbitcoininvestments.com/buy-bitcoin-in-bukittinggi/ 0

Ciamis https://www.smartbitcoininvestments.com/buy-bitcoin-in-ciamis/ 0

Ciampea https://www.smartbitcoininvestments.com/buy-bitcoin-in-ciampea/ 0

Cibinong https://www.smartbitcoininvestments.com/buy-bitcoin-in-cibinong/ 0

Cikampek https://www.smartbitcoininvestments.com/buy-bitcoin-in-cikampek/ 0

Cikarang https://www.smartbitcoininvestments.com/buy-bitcoin-in-cikarang/ 0

Cikupa https://www.smartbitcoininvestments.com/buy-bitcoin-in-cikupa/ 0

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Cileungsir https://www.smartbitcoininvestments.com/buy-bitcoin-in-cileungsir/ 0

Cileunyi https://www.smartbitcoininvestments.com/buy-bitcoin-in-cileunyi/ 0

Cimahi https://www.smartbitcoininvestments.com/buy-bitcoin-in-cimahi/ 0

Ciputat https://www.smartbitcoininvestments.com/buy-bitcoin-in-ciputat/ 0

Cirebon https://www.smartbitcoininvestments.com/buy-bitcoin-in-cirebon/ 0

Citeureup https://www.smartbitcoininvestments.com/buy-bitcoin-in-citeureup/ 0

Curug https://www.smartbitcoininvestments.com/buy-bitcoin-in-curug/ 0

Denpasar https://www.smartbitcoininvestments.com/buy-bitcoin-in-denpasar/ 0

Depok https://www.smartbitcoininvestments.com/buy-bitcoin-in-depok/ 0

Dukuhturi https://www.smartbitcoininvestments.com/buy-bitcoin-in-dukuhturi/ 0

Dumai https://www.smartbitcoininvestments.com/buy-bitcoin-in-dumai/ 0

Gorontalo https://www.smartbitcoininvestments.com/buy-bitcoin-in-gorontalo/ 0

Grogol https://www.smartbitcoininvestments.com/buy-bitcoin-in-grogol/ 0

Indramayu https://www.smartbitcoininvestments.com/buy-bitcoin-in-indramayu/ 0

Jakarta https://www.smartbitcoininvestments.com/buy-bitcoin-in-jakarta/ 0

Jambi City https://www.smartbitcoininvestments.com/buy-bitcoin-in-jambi-city/ 0

Jayapura https://www.smartbitcoininvestments.com/buy-bitcoin-in-jayapura/ 0

Jember https://www.smartbitcoininvestments.com/buy-bitcoin-in-jember/ 0

Jombang https://www.smartbitcoininvestments.com/buy-bitcoin-in-jombang/ 0

Kediri https://www.smartbitcoininvestments.com/buy-bitcoin-in-kediri/ 0

Kedungwuni https://www.smartbitcoininvestments.com/buy-bitcoin-in-kedungwuni/ 0

Kendari https://www.smartbitcoininvestments.com/buy-bitcoin-in-kendari/ 0

Kisaran https://www.smartbitcoininvestments.com/buy-bitcoin-in-kisaran/ 0

Klaten https://www.smartbitcoininvestments.com/buy-bitcoin-in-klaten/ 0

Kresek https://www.smartbitcoininvestments.com/buy-bitcoin-in-kresek/ 0

Kupang https://www.smartbitcoininvestments.com/buy-bitcoin-in-kupang/ 0

Labuan Bajo https://www.smartbitcoininvestments.com/buy-bitcoin-in-labuan-bajo/ 0

Lawang https://www.smartbitcoininvestments.com/buy-bitcoin-in-lawang/ 0

Lembang https://www.smartbitcoininvestments.com/buy-bitcoin-in-lembang/ 0

Loa Janan https://www.smartbitcoininvestments.com/buy-bitcoin-in-loa-janan/ 0

Lubuklinggau https://www.smartbitcoininvestments.com/buy-bitcoin-in-lubuklinggau/ 0

Lumajang https://www.smartbitcoininvestments.com/buy-bitcoin-in-lumajang/ 0

Madiun https://www.smartbitcoininvestments.com/buy-bitcoin-in-madiun/ 0

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Magelang https://www.smartbitcoininvestments.com/buy-bitcoin-in-magelang/ 0

Makassar https://www.smartbitcoininvestments.com/buy-bitcoin-in-makassar/ 0

Malang https://www.smartbitcoininvestments.com/buy-bitcoin-in-malang/ 0

Manado https://www.smartbitcoininvestments.com/buy-bitcoin-in-manado/ 0

Martapura https://www.smartbitcoininvestments.com/buy-bitcoin-in-martapura/ 0

Mataram https://www.smartbitcoininvestments.com/buy-bitcoin-in-mataram/ 0

Medan https://www.smartbitcoininvestments.com/buy-bitcoin-in-medan/ 0

Metro https://www.smartbitcoininvestments.com/buy-bitcoin-in-metro/ 0

Mojokerto https://www.smartbitcoininvestments.com/buy-bitcoin-in-mojokerto/ 0

Padalarang https://www.smartbitcoininvestments.com/buy-bitcoin-in-padalarang/ 0

Padang https://www.smartbitcoininvestments.com/buy-bitcoin-in-padang/ 0

Padangsidimpuan

https://www.smartbitcoininvestments.com/buy-bitcoin-in-padangsidimpuan/ 0

Palangkaraya https://www.smartbitcoininvestments.com/buy-bitcoin-in-palangkaraya/ 0

Palembang https://www.smartbitcoininvestments.com/buy-bitcoin-in-palembang/ 0

Palopo https://www.smartbitcoininvestments.com/buy-bitcoin-in-palopo/ 0

Palu https://www.smartbitcoininvestments.com/buy-bitcoin-in-palu/ 0

Pamanukan https://www.smartbitcoininvestments.com/buy-bitcoin-in-pamanukan/ 0

Pamulang https://www.smartbitcoininvestments.com/buy-bitcoin-in-pamulang/ 0

Pangkalpinang https://www.smartbitcoininvestments.com/buy-bitcoin-in-pangkalpinang/ 0

Parepare https://www.smartbitcoininvestments.com/buy-bitcoin-in-parepare/ 0

Parung https://www.smartbitcoininvestments.com/buy-bitcoin-in-parung/ 0

Pasarkemis https://www.smartbitcoininvestments.com/buy-bitcoin-in-pasarkemis/ 0

Paseh https://www.smartbitcoininvestments.com/buy-bitcoin-in-paseh/ 0

Pasuruan https://www.smartbitcoininvestments.com/buy-bitcoin-in-pasuruan/ 0

Pati https://www.smartbitcoininvestments.com/buy-bitcoin-in-pati/ 0

Payakumbuh https://www.smartbitcoininvestments.com/buy-bitcoin-in-payakumbuh/ 0

Pekalongan https://www.smartbitcoininvestments.com/buy-bitcoin-in-pekalongan/ 0

Pekanbaru https://www.smartbitcoininvestments.com/buy-bitcoin-in-pekanbaru/ 0

Pemalang https://www.smartbitcoininvestments.com/buy-bitcoin-in-pemalang/ 0

Pematangsiantar https://www.smartbitcoininvestments.com/buy-bitcoin-in-pematangsiantar/ 0

Perbaungan https://www.smartbitcoininvestments.com/buy-bitcoin-in-perbaungan/ 0

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Percut https://www.smartbitcoininvestments.com/buy-bitcoin-in-percut/ 0

Plumbon https://www.smartbitcoininvestments.com/buy-bitcoin-in-plumbon/ 0

Pontianak https://www.smartbitcoininvestments.com/buy-bitcoin-in-pontianak/ 0

Prabumulih https://www.smartbitcoininvestments.com/buy-bitcoin-in-prabumulih/ 0

Probolinggo https://www.smartbitcoininvestments.com/buy-bitcoin-in-probolinggo/ 0

Purwakarta https://www.smartbitcoininvestments.com/buy-bitcoin-in-purwakarta/ 0

Purwodadi https://www.smartbitcoininvestments.com/buy-bitcoin-in-purwodadi/ 0

Purwokerto https://www.smartbitcoininvestments.com/buy-bitcoin-in-purwokerto/ 0

Rangkasbitung https://www.smartbitcoininvestments.com/buy-bitcoin-in-rangkasbitung/ 0

Rantauprapat https://www.smartbitcoininvestments.com/buy-bitcoin-in-rantauprapat/ 0

Rengasdengklok https://www.smartbitcoininvestments.com/buy-bitcoin-in-rengasdengklok/ 0

Salatiga https://www.smartbitcoininvestments.com/buy-bitcoin-in-salatiga/ 0

Samarinda https://www.smartbitcoininvestments.com/buy-bitcoin-in-samarinda/ 0

Sawangan https://www.smartbitcoininvestments.com/buy-bitcoin-in-sawangan/ 0

Semarang https://www.smartbitcoininvestments.com/buy-bitcoin-in-semarang/ 0

Sepatan https://www.smartbitcoininvestments.com/buy-bitcoin-in-sepatan/ 0

Serang https://www.smartbitcoininvestments.com/buy-bitcoin-in-serang/ 0

Sidoarjo https://www.smartbitcoininvestments.com/buy-bitcoin-in-sidoarjo/ 0

Singaraja https://www.smartbitcoininvestments.com/buy-bitcoin-in-singaraja/ 0

Singkawang https://www.smartbitcoininvestments.com/buy-bitcoin-in-singkawang/ 0

Situbondo https://www.smartbitcoininvestments.com/buy-bitcoin-in-situbondo/ 0

Soreang https://www.smartbitcoininvestments.com/buy-bitcoin-in-soreang/ 0

Sorong https://www.smartbitcoininvestments.com/buy-bitcoin-in-sorong/ 0

South Tangerang

https://www.smartbitcoininvestments.com/buy-bitcoin-in-south-tangerang/ 0

Sukabumi https://www.smartbitcoininvestments.com/buy-bitcoin-in-sukabumi/ 0

Sumedang https://www.smartbitcoininvestments.com/buy-bitcoin-in-sumedang/ 0

Sumedang Utara https://www.smartbitcoininvestments.com/buy-bitcoin-in-sumedang-utara/ 0

Sunggal https://www.smartbitcoininvestments.com/buy-bitcoin-in-sunggal/ 0

Surabaya https://www.smartbitcoininvestments.com/buy-bitcoin-in-surabaya/ 0

Surakarta https://www.smartbitcoininvestments.com/buy-bitcoin-in-surakarta/ 0

Tangerang https://www.smartbitcoininvestments.com/buy-bitcoin-in-tangerang/ 0

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Tanjung Pinang https://www.smartbitcoininvestments.com/buy-bitcoin-in-tanjung-pinang/ 0

Tanjungbalai https://www.smartbitcoininvestments.com/buy-bitcoin-in-tanjungbalai/ 0

Tarakan https://www.smartbitcoininvestments.com/buy-bitcoin-in-tarakan/ 0

Tasikmalaya https://www.smartbitcoininvestments.com/buy-bitcoin-in-tasikmalaya/ 0

Tebing Tinggi https://www.smartbitcoininvestments.com/buy-bitcoin-in-tebing-tinggi/ 0

Tegal https://www.smartbitcoininvestments.com/buy-bitcoin-in-tegal/ 0

Teluknaga https://www.smartbitcoininvestments.com/buy-bitcoin-in-teluknaga/ 0

Ternate https://www.smartbitcoininvestments.com/buy-bitcoin-in-ternate/ 0

Ungaran https://www.smartbitcoininvestments.com/buy-bitcoin-in-ungaran/ 0

Weru https://www.smartbitcoininvestments.com/buy-bitcoin-in-weru/ 0

Yogyakarta https://www.smartbitcoininvestments.com/buy-bitcoin-in-yogyakarta/ 0