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Indonesian Cryptocurrency Startup Bitcoin.co.id Rebrands, Will Now Be Known As Indodax

Indonesian Cryptocurrency Startup Bitcoin.co.id Rebrands, Will Now Be Known As Indodax

Indonesian cryptocurrency startup Bitcoin.co.id rebrands, will now be known as INDODAX Started out as a news platform, Bitcoin.co.id is a digital asset exchange platform that offers Bitcoin, Ethereum, Litecoin, and Ripple Indonesian cryptocurrency startup Bitcoin.co.id announced that it has rebrand itself to Indonesia Digital Asset Exchange (INDODAX) starting from March 14. In a press statement, CEO Oscar Darmawan explained that the rebranding was meant to provide greater service and support for various digital assets, in addition to Bitcoin. He also explained that until March 26 the Bitcoin.co.id website will continue to be accessible until they migrate into a new address indodax.com. The platforms customer support email and some social media handles will also continue to carry the Bitcoi.co.id brand, excpet for its Twitter, Facebook, and Youtube account. Also Read: Todays tech news, Feb 09: Indonesian bitcoin PoS firm Pundi X eyes India entry The Dompet Bitcoin mobile app and Bitcoin.co.id Trading Platform will run normally. We will notice you if there is any change, Darmawan said. For developers who use API access, it still can be used as usual, but we suggest to move API Endpoint to the new domain after March 26, 2018, he added. Founded in May 2013 by Darmawan and William Sutanto, INDODAX started out as a news platform that covers digital assets in the Indonesian language. Starting in February 2014, recognising the existing challenge of selling and purchasing digital assets in the country, the co-founders then pivoted to become Indonesias earliest digital asset exchange. The Bali-based startup is now a digital asset exchange platform that offers Bitcoin, Ethereum, Litecoin, and Ripple. In November 2017, the startup raised an undisclosed funding round from East Vent Continue reading >>

Securing Your Wallet

Securing Your Wallet

Like in real life, your wallet must be secured. Bitcoin makes it possible to transfer value anywhere in a very easy way and it allows you to be in control of your money. Such great features also come with great security concerns. At the same time, Bitcoin can provide very high levels of security if used correctly. Always remember that it is your responsibility to adopt good practices in order to protect your money. You should be wary of any service designed to store your money online. Many exchanges and online wallets suffered from security breaches in the past and such services generally still do not provide enough insurance and security to be used to store money like a bank. Accordingly, you might want to use other types of Bitcoin wallets . Otherwise, you should choose such services very carefully. Additionally, using two-factor authentication is recommended. A Bitcoin wallet is like a wallet with cash. If you wouldn't keep a thousand dollars in your pocket, you might want to have the same consideration for your Bitcoin wallet. In general, it is a good practice to keep only small amounts of bitcoins on your computer, mobile, or server for everyday uses and to keep the remaining part of your funds in a safer environment. Stored in a safe place, a backup of your wallet can protect you against computer failures and many human mistakes. It can also allow you to recover your wallet after your mobile or computer was stolen if you keep your wallet encrypted. Some wallets use many hidden private keys internally. If you only have a backup of the private keys for your visible Bitcoin addresses, you might not be able to recover a great part of your funds with your backup. Any backup that is stored online is highly vulnerable to theft. Even a computer that is connected to the I Continue reading >>

How To Keep Your Bitcoin Safe And Secure

How To Keep Your Bitcoin Safe And Secure

Owning cryptocurrency isn't quite the Wild West experience it was at the beginning of the decade, but investors still face plenty of instability and risk. The threats aren't just abstract or theoretical; new scams crop up, and old ones resurge, all the time. Whether it's a fake wallet set up to trick users, a phishing attempt to steal private cryptographic keys, or even fake cryptocurrency schemes, there’s something to watch out for at every turn. Cryptocurrencies can feel secure, because they decentralize and often anonymize digital transactions. They also validate everything on public, tamper-resistant blockchains. But those measures don't make cryptocurrencies any less susceptible to the types of simple, time-honored scams grifters have relied on in other venues. Just this week, scams have arisen that divert funds from users' mining rigs to malicious wallets, because victims forgot to change default login credentials. Search engine phishing scams that tout malicious trading sites over legitimate exchanges have also spiked. And a trojan called CryptoShuffler has stolen thousands of dollars by lurking on computers, and spying on Bitcoin wallet addresses that land in copy/paste clipboards. A few simple steps, though, can help cryptocurrency proponents—be it Bitcoin or Monero or anything between—guard against a swath of common attacks. Just as you might keep your cash out of plain sight, or stash your jewelry in a safe deposit box, it pays to put a little effort into how you manage your cryptocurrency. The following won't defend against every conceivable attack on your digital doubloons, but it's a good place to start. A key step to protecting your cryptocurrency is to store anything of significant value in a hardware wallet—a physical device, like a USB drive, Continue reading >>

Indodax - Is Indodax.com Scam Or Good Cryptocurrency Exchange?

Indodax - Is Indodax.com Scam Or Good Cryptocurrency Exchange?

Indodax (Bitcoin Indonesia) is an Indonesian cryptocurrency exchange that launched in 2013. It offers its services worldwide, but accepts deposits in Indonesian Rupiah only. - Indonesias largest bitcoin exchange. Indodax claims to have over 570 000 clients and a daily volume of over half a billion Rupiah. There are several other cryptocurrency exchanges operating in Indonesia, including the Local Bitcoins P2P platform. Indonesia is a considered an emerging economy and is a member of the Group of Twenty (G20) largest industrialized economies. - Large Instrument portfolio.Indodaxoffers spot trading in Bitcoin, Ether, Dogecoin, Litecoin, Nubits, Paycoin, Ripple, Bitcoin Cash and DarkCoin. This is a fairly good selection of alt-coins, while some exchanges offer trading in Bitcoin only. - Reasonable trading fees.Indodaxtrading fees are in the average for the industry. There are, of course, exchanges that charge 0% fees, but they either offer worse prices of the assets or charge hefty transfer fees. There are also exchanges that have much higher trading fees, in the range 1-7%. - No fees for trading in cryptocurrencies. The aforementioned 0.3% fee is for trading between cryptocurrencies and fiat currency. For trading between alt-coins, there is no fee. - Bank wires accepted.Indodaxaccepts fiat currency deposits and withdrawals via bank transfer, cash and vouchers. The accepting of cash payments is fairly rare for cryptocurrency exchanges and we can only think of a handful of such platforms. - No limits.Indodaxdoes not impose any limits on fiat currency deposits, i.e. there is no minimum and maximum. >> See crypto exchanges accepting cards << - Bitcoin wallet available.Indodaxoffers own cryptocurrency wallet, which can be used to store alt-coins or to send them elsewhere. The Continue reading >>

Bitcoin - Open Source P2p Money

Bitcoin - Open Source P2p Money

Bitcoin uses peer-to-peer technology to operate with no central authority or banks; managing transactions and the issuing of bitcoins is carried out collectively by the network. Bitcoin is open-source; its design is public, nobody owns or controls Bitcoin and everyone can take part . Through many of its unique properties, Bitcoin allows exciting uses that could not be covered by any previous payment system. Continue reading >>

5 Popular Bitcoin Startups In Indonesia

5 Popular Bitcoin Startups In Indonesia

Yesterday, Tech in Asia ran a story about how to purchase and use Bitcoin in Asia. At the beginning of last year, the Bank of Indonesia publicly stated that bitcoin is not a legal form of payment within the archipelago. However, as its extremely difficult to regulate the sale and use of digital currencies like bitcoin, transactions using the currency in Indonesia remain high. Oscar Darmawan, CEO of Bitcoin Indonesia ,claims that each day there are between US$30,000 to US$50,000 worth of bitcoin transactions in the country. While there are many ways to have a conversation about Bitcoins benefits and drawbacks in Indonesia, in terms of tech startup participation, Bitcoin seems to be heating up. It has also proven to be a convenient way to pay and get paid for digital services. As a result, some companies are focusing explicitly on the cryptocurrency market in the archipelago. Tech in Asia has decided its time to round up these guys, so, in no particular order, here are five of the most well-known Bitcoin startups in Indonesia. This site can be regarded as one of the pioneers for Bitcoin in Indonesia, as the company has been around for more than two years already. Essentially, ArtaBit is a digital payment system that uses Bitcoin. So if your startup is an ecommerce website, you can integrate ArtaBit services to support bitcoin payments. In addition, the site also lets you purchase bitcoins with Indonesian rupiah. ArtaBit founder Ayoub Naciri expects Bitcoin will take off in emerging markets like Indonesia as more than 80 percent of the population still lacks a bank account. Bitcoin.co.id (aka Bitcoin Indonesia) launched around the same time as ArtaBit. However, unlike its competitor which acts as a payment system, Bitcoin.co.id is a trading center only. On the sites homep Continue reading >>

Bitcoin.co.id Rupiah Ico Review: Indonesian Digital Asset Exchange?

Bitcoin.co.id Rupiah Ico Review: Indonesian Digital Asset Exchange?

Bitcoin.co.id RUPIAH ICO Review: Indonesian Digital Asset Exchange? Bitcoin.co.id RUPIAH ICO Review: Indonesian Digital Asset Exchange? Purchasing bitcoin isnt always as easy as it should be in fact, depending upon where one lives and the tools available, many individuals may find it to be quite challenging. For those who live in Indonesia and who primarily use rupiah currency, then there is one particular platform that may be useful for buying and selling digital assets such as bitcoin , Ethereum, and ripple in Indonesia. With that, this review would like to introduce Bitcoin.co.id. Bitcoin.co.id is a new exchange launched in Indonesia. The exchange enables individuals to conduct transactions involving bitcoin, Ethereum , and ripple in Indonesia. With the platform, users can have an easier time ensuring that their transactions are safe, secure, and are conducted in a rapid amount of time. As the website explains, most transactions are conducted within one hour which is quite quick relative to other platforms. Further, the website also points out that the exchange is a major part of the finance ecosystem in Indonesia. With this platform on hand, users can enjoy the benefits of rapid and easy transactions that they can undertake from their compute or mobile device. There are a number of features that users can tap into once they register on the website. The registration process takes a matter of minutes and all individuals need to do is to enter their email address and mobile number. After registering, users will join the nearly 100,000 other members on the platform and theyll be able to tap into the following features: Buy Bitcoin and other digital assets in less than an hour Sell Bitcoin and other digital assets with the return showing within one working day These are Continue reading >>

Bitcoin.co.id Steemit

Bitcoin.co.id Steemit

Just a few years ago, the only way to profit was through "Bitcoin Mining". Bitcoins are limited in amount... you can NOT produce them out of thin air nor reprint them, thereby making them safe from inflation! So, no matter how hard a government might try to put it down... they cannot succeed! The bottom line to EARN them, however is that... This is the Hard Way, for which you receive coins by helping the system to verify secure transactions. This process requires a lot of computational power, typically multi-core CPU system or specialized bitcoin miners. The algorithm is designed in such a way that mining becomes more and more complex and less and less profitable with time. We have an automated Bitcoin trading robot, working for you on autopilot around the clock. Bitcoin is traded around the clock, 24/7, 365 days a year. There are no banks controlling it, meaning we don't have any bank limitations on the trading time, thereby giving you a unique opportunity to profit around the clock, Here is the Live trading account that is traded by a Bitcoin robot in front of your eyes, completely on autopilot! The robot does not sleep, does not take holidays or stop on weekends. It is an everlasting profit machine at your fingertips. We take advantage of automated trading bots in order to monitor the rise and fall in value of various online currencies and trade them accordingly in order to earn profits. Buy low, sell high. Many are full of options, with algorithms built or programmed to buy/sell at the perfect times. But many of those systems are too complex for the Average Joe.Theres too much manual work which needs to be put into them by those who wish to obtain results. For people who dont have time to learn how to trade. We help you trade your bitcoin. BTC Robot was built in co Continue reading >>

New Exchange Service Bitcoin.co.id Launches In Indonesia

New Exchange Service Bitcoin.co.id Launches In Indonesia

New Exchange Service Bitcoin.co.id Launches in Indonesia Dec 22, 2013 at 11:30 UTC|UpdatedDec 23, 2013 at 05:29 UTC News has emerged that a bitcoin exchange service has opened in Indonesia, the world's fourth-largest country by population - but one that hasn't appeared much on the bitcoin radar so far. Bitcoin.co.id joins other Indonesian bitcoin services such as artaBit and tuker.in . However, according to user reports from Indonesia, these sites are still in development and not fully functional, open exchanges - users may buy and sell bitcoins, but exchange prices are fixed by the sites. Tuker.in also accepts litecoin. Local resident Ericson Pasaribu, who said he has used all three services without issue, said the 'exchanges' at this point worked more like money changers. They exchanged local currency (Rp, or Indonesian rupiah) for bitcoins but at a rate pegged to those of exchanges like Mt. Gox and Bitstamp, with an added premium. Bitcoin.co.id promised to buy bitcoins at Rp 7,139,000 ($584.90) each or to sell them for Rp8,166,700 ($669). Alongside these web-based services, LocalBitcoins is a popular choice among Indonesian bitcoin enthusiasts. Pasaribu noted that such services were a necessary stepping stone to promote bitcoin's use and increase the number of coins in circulation. Larger international exchanges like Mt. Gox were difficult to access from Indonesia, with new accounts taking months to verify, if at all. There is a slight lag on bitcoin.co.id's processing time: within an hour during business hours Monday to Friday, but up to 12 hours outside that. This is apparently aprecaution against overloading, since bitcoin supply is limited in Indonesia. Bitcoin.co.id founder and CEO Oscar Darmawan said bitcoin trade was still only about 5 BTC per day, but that t Continue reading >>

Bitcoin.co.id Review

Bitcoin.co.id Review

Bitcoin.co.id reviews 2 languages, English and Indonesian. You can select it in the upper right corner. The site has a nice design, and on the main page, you can see its main features, as well as watch a short video presentation. Bitcoin.co.id already has more than 1.1 million registered users. The exchange is in the top 20 and has quite a large volume of trades. This is the largest platform in Indonesia, so do not be afraid of Bitcoin.co.id scam. A little later we will also answer the question Is Bitcoin.co.id safe? But now, lets review Bitcoin.co.id fees that the exchange takes for trading and other transactions There are several types of commissions on the platform. In the Help Center, there is a detailed post about all fees for each currency. Below you can see them all, but the main commission is 0.3% for the market taker. Is Bitcoin.co.id legit? Well, it isnt really regulated, but the 10% tax is included in fee. Also, pay attention to all the notes, then not be surprised. Bitcoin.co.id limits you can also find in Help Cent. For example, the daily limit on the withdrawal is 100 million IDRs. But you can increase it by following the instructions: For security on the platform, you should use multifactor authentication. Also, you need to verify your Bitcoin.co.id login in order to be able to use all the functions of the exchange. If you have any questions, please visit the Help Center. There you can find a lot of useful information, for example, how to use Bitcoin.co.id or how to buy on Bitcoin.co.id. If you cant find the answer you need, you can always contact Bitcoin.co.id support via mail. Also, there are all the addresses of offices that you can personally visit and also Bitcoin.co.id phone number. Continuing our Bitcoin.co.id review, we want to point out that the Continue reading >>

Faq - Bitcoin

Faq - Bitcoin

Find answers to recurring questions and myths about Bitcoin. Bitcoin is a consensus network that enables a new payment system and a completely digital money. It is the first decentralized peer-to-peer payment network that is powered by its users with no central authority or middlemen. From a user perspective, Bitcoin is pretty much like cash for the Internet. Bitcoin can also be seen as the most prominent triple entry bookkeeping system in existence. Bitcoin is the first implementation of a concept called "cryptocurrency", which was first described in 1998 by Wei Dai on the cypherpunks mailing list, suggesting the idea of a new form of money that uses cryptography to control its creation and transactions, rather than a central authority. The first Bitcoin specification and proof of concept was published in 2009 in a cryptography mailing list by Satoshi Nakamoto. Satoshi left the project in late 2010 without revealing much about himself. The community has since grown exponentially with many developers working on Bitcoin. Satoshi's anonymity often raised unjustified concerns, many of which are linked to misunderstanding of the open-source nature of Bitcoin. The Bitcoin protocol and software are published openly and any developer around the world can review the code or make their own modified version of the Bitcoin software. Just like current developers, Satoshi's influence was limited to the changes he made being adopted by others and therefore he did not control Bitcoin. As such, the identity of Bitcoin's inventor is probably as relevant today as the identity of the person who invented paper. Nobody owns the Bitcoin network much like no one owns the technology behind email. Bitcoin is controlled by all Bitcoin users around the world. While developers are improving the s Continue reading >>

Indonesia Opens Exchange Bitcoin.co.id - Bitcoin

Indonesia Opens Exchange Bitcoin.co.id - Bitcoin

I'm from Indonesia. We have several other bitcoin exchanges in Indonesia. Among them: artabit.com and tuker.in.These exchanges website and their business operation are still under development. Actually currently, they are not operating as exchanges yet, where people can put bid and offer price of bitcoin. But rather, these websites sets their sell and buy price, and people can sell bitcoin to them or buy from them. This is because the number of bitcoin owners in Indonesia is still relatively small, so a proper exchange does not seem to be feasible yet.Many bitcoin enthusiasts also trade bitcoin OTC or through localbitcoins.com.Not so many merchant are accepting bitcoin at the moment, but I believe that bitcoin will be growing fast in Indonesia (provided that the government does not make silly assessment and regulation about bitcoin later). Considering how lazy our government is I would wager that they don't care :) not only that. Their server is vulnerable This is irresponsible. There have been too many cases of people losing a lot of money due to exchanges getting hacked. Websites holding people's money or bitcoins should be expected to be secure from day 1. We don't store people money/bitcoin. Our website is used for submitting exchange request only. All transactions are made manually. And converting to https protocol will effect our search engine ranking. That's why we decided to not implement it yet. But since it became a concern https will be installed today or tomorrow. No, 'Indonesia' has not opened the exchange. It's just some random guy in Indonesia who has had a few bitcoin since 2012, and he wants to cash out. He runs a web design company: This is not the Indonesian government, it's not an Indonesian bank, it's just some dude. They are selling at $625, and b Continue reading >>

Bitcoin.co.id - List Wiki

Bitcoin.co.id - List Wiki

Bitcoin.co.id official website: Bitcoin.co.id: Bitcoin Indonesia - Buy & Sell Bitcoin, Ethereum and other Digital Assets Bitcoin.co.id is an online platform where you can buy and sell Bitcoin, Ethereum and other Digital Assets in Indonesia. The place to buy and sell Bitcoin with Rupiah - Bitcoin.co.id is the perfect place for you to buy and sell Digital Assets such as Bitcoin, Ethereum and Ripple in Indonesia. Trade easily and securely with Bitcoin.co.id with no worryweve got your back! Buy Bitcoin / Other Digital Assets - With Bitcoin.co.id, you will be able to buy Bitcoin or other assets in less than an hour. We accept payment and deposit from any local bank in Indonesia. Sell Bitcoin / Other Digital Assets - Exchange your Bitcoin or other assets to Rupiah instantly only with a few clicks! Your money will arrive in your bank account in one working day. Trading - Love to trade cryptocurrency and speculate on the Bitcoins price? Do it with us! We are online 24/7. Yes, even during holidays. Security - Your account is protected with Multifactor Authentication, combination of e-mail and SMS verification with Google Authenticator pin requirement. These layers of security will guarantee that every transaction is signed and validated by no one other than yourself. Simplicity - You will only need one account to process any kind of Bitcoin transaction, whether it is to sell, buy, invest or trade Bitcoin. Bitcoin.co.id can be accessed easily through various types of devices, such as: PC, laptop, tablet and smartphones. Trade anywhere, anytime, instantly! Instantly - Rupiah deposit can be processed instantly and Rupiah withdrawal will only take one working day before the money arrives in your bank account. Every Bitcoin deposit or withdrawal is processed immediately and securely Continue reading >>

Bitcoin Growing Fast In Unbanked Indonesia

Bitcoin Growing Fast In Unbanked Indonesia

Bitcoin Growing Fast In Unbanked Indonesia Indonesia, trailing just behind the United States as the fourth most populous country in the world, has a large and growing bitcoin community. The vast population is 80 percent unbanked, and their Rupiah is one of the most-traded currencies for bitcoin worldwide already. Bitcoin.com interviewed Suasti Atmastuti Astaman, the Business Development Manager of Indonesian bitcoin exchange Bitcoin.co.id. Bitcoin.com (BC): Whats your market share of the Indonesian bitcoin market? Bitcoin.co.id (BI): We have more than 229,500 members with daily growth around 100-150 members. Our daily transaction volume can reach up to 1.5 million USD per day. And we are listed as one of the biggest Bitcoin exchanges in Southeast Asia. I believe we control for more than 70% Bitcoin transaction in Indonesia, considering we are the biggest Bitcoin exchange in Indonesia. BC: Can you describe the bitcoin market in Indonesia? BI:The majority of members in our Bitcoin exchange serve as Bitcoin traders, rather than Bitcoin users. They buy Bitcoin in intention to gain profit and use it whether for a short-term investment, a long-term one or perhaps both. They trade quite often, buying Bitcoin when the price is low, and selling it again when the price increases. There are a lot of people in Indonesia that love to take profit from trading, not just cryptocurrency, but also stocks and foreign exchange. Apparently, they love Bitcoin just as much since the price tends to fluctuate a lot. For people who love the idea of Bitcoin as a new form of money, they are going to hate knowing that there a lot of people taking profit from Bitcoin trading but thats the fact and it contributes quite a lot to our trading volume. Our daily trading volume usually reaches 5 to 10 bil Continue reading >>

Bitcoin And Cryptocurrencies: Are They Safe?

Bitcoin And Cryptocurrencies: Are They Safe?

Blog News & Trends Bitcoin and Cryptocurrencies: Are They Safe? Bitcoin and Cryptocurrencies: Are They Safe? Bitcoin made news recently by surpassing the $11,000 price barrier, up from under $1,500 at the start of 2017. Thats the good newsif you own Bitcoins. The bad news is that there are unique ways you can lose moneyand indirectly lose critical personal datawhen trading Bitcoin, if you dont know what youre doing. (See also: What Is Bitcoin and Should You Buy It? ) Make no mistake, cryptocurrency trading is risky, security-wise, even as cryptocurrency advocates promote Bitcoin as a safe way to buy and sell goods and services. Thats primarily because the investor usually has total control over transactions, with no central authority. Unfortunately, many people assume that digital Bitcoins are somehow more secure than regular financial transactions, says Jack Miller, chief information security officer at SlashNext, a Pleasanton, Ca.-based provider of Internet access protection systems. But cryptocurrencies are actually riskier because there are no authorized regulatory bodies to regulate these digital financial transactions. Indeed, the digital forensics firm Chainalysis recently estimated as much as 23% of Bitcoins mined to datenearly 3.8 million worth about $3.66 billion at current levelsare out of circulation and considered lost, Fortune reports . Andrew McDonnell, president of AsTech, a San Francisco-based security consultancy firm, notes that holding bitcoin requires maintaining the confidentiality of a Bitcoin address private key, a secret password, stashed in a digital wallet, that allows cryptocurrencies to be transacted and spent. Bitcoin hacking is a popular criminal enterprise because if that key is compromised, the attackers can send all of the victims Bitc Continue reading >>

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