Home » Business » Still a Beginner but Want to Trade? Check out 5 Tips for Registering a Bitcoin Account

Still a Beginner but Want to Trade? Check out 5 Tips for Registering a Bitcoin Account

TRIBUNNEWS.COM, JAKARTA – Crypto or cryptocurrency such as Bitcoin is increasingly in demand by people in Indonesia, be it as a medium for investing or simply taking advantage of trading (buying and selling activity) Bitcoin.

According to Acting Head of the Commodity Futures Trading Supervisory Agency (BAPPEBTI) Indrasari Wisnu Wardhana, Bitcoin itself has experienced a significant increase in the last year.

As of February 2022, crypto asset transactions had 12.4 million customers with a total nominal value of IDR 83.8 trillion. This number of subscribers increased by 532,102 people from 2021.

Quoted from coinmarketcap.comcom, on Wednesday (11/5/2022), Bitcoin itself strengthened 2.93 percent which is now at a price of US $ 31,110 per coin. This increase is quite large after yesterday it was in the range of Rp. 29 thousand per coin.

You don’t have to worry about your own safety either. Crypto and Bitcoin assets in Indonesia have actually been approved by the Ministry of Trade of the Republic of Indonesia as commodities or assets in 2018. To date, there are 229 crypto assets registered with CoFTRA.

If you are a beginner and want to start your adventure investing or trading crypto assets, the first thing you need to do is register or open an account at exchange.

Exchange what is meant is a brokerage company that provides investors with access and facilities to make buying and selling cryptocurrencies on the crypto market.

Holding a very important role, here are tips register Bitcoin account for you beginners.

1. Choose a platform exchange which is safe

The very first thing you have to do is choose platform exchange Bitcoins. That’s because the platform is a place for you to store, buy, sell and exchange Bitcoin for other cryptocurrencies.

You can also monitor Bitcoin price movements and find information about other cryptocurrencies. This is very helpful for you when it comes to Bitcoin investment.

In addition, in choosing a platform exchange, also make sure the legality and safety. In Indonesia, all platforms exchange must be registered with CoFTRA.

Don’t forget to look review users on the platform. Are they having problems with the platform exchange It solves the problems experienced by users.

2. Complete your personal data when registering a Bitcoin account

After finding the platform exchange right, you can start the registration process. Complete your personal data, starting from your name, phone number, date of birth, email address, address and ID card.

After that, you will be asked to enter the account number that will be used when converting Bitcoin transactions to Rupiah.

At the time of registration, you are also asked to enter password and sometimes OTP codes. Including sensitive data, ensure the confidentiality of these two information, and do not give it password or OTP code to someone else.

3. Use layered security

After the registration process, the next step you have to do is protect crypto assets and those stored in platform exchange the.

More secure, add your phone number to do two-factor authentication (2FA). This step will later be useful in preventing hacking on your account, because hackers cannot access phone numbers and passwords password which you used during registration.

4. Deposit funds for Bitcoin investment

After registration and account security settings, you can now deposit funds to start Bitcoin investments. Later this deposit can be used to buy Bitcoin or other crypto currencies on the platform exchange the.

For the method of depositing funds, actually it all depends on platform exchange which you choose. But in general, every platform exchange supports payment options via bank transfer, credit card and so on.

5. Start investing now

After depositing funds and having a balance on the platform exchange choice, now you can start trading Bitcoin.

For those of you who are beginners, make sure to choose a platform exchange with complete features and easy to understand. One that is suitable for beginners is Luno Indonesia.

Luno Indonesia is a platform exchange which is useful for buying, selling, storing and transacting crypto assets.

Not only Bitcoin, Luno also provides other crypto assets with good performance and reputation. Call it Ethereum, Ripple, USD Coin and many more.

Suitable for beginners, starting Bitcoin investment with Luno is very easy and cheap, even with a balance of only Rp. 25 thousand you can buy Bitcoin.

So what are you waiting for! Let’s register and start the journey trading Your Bitcoin now with Luno Indonesia!

Attention! This article is not an investment recommendation and only provides information regarding crypto assets. Always learn about crypto assets before starting to invest.

Author: Matheus Elmerio Manalu | Editor: Firda Fitri Yanda

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.