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 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.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.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 >>
[updated] Bitcoin.co.id Raises Funding From East Ventures, Is Targetting Sea Market
[Updated] Bitcoin.co.id raises funding from East Ventures, is targetting SEA market Based in Bali, Bitcoin.co.id is a digital asset exchange platform that offers Bitcoin, Ethereum, Litecoin, and Ripple Indonesian cryptocurrency startup Bitcoin.co.id today announced that it has raised an undisclosed funding from venture capital firm East Ventures. In a press statement, Bitcoin.co.id CEO Oscar Darmawan said that in addition to educating and focussing on the Indonesian market, the startup also plans to reach other markets in the Southeast Asian region. However, he would not disclose the companys destinations. All of our plans are basically still in the stealth mode. We have more than 600,000 members in Southeast Asia at the moment, and we have become the largest digital asset exchange in the region, he told e27. Prior to the current funding round, the CEO said that Bitcoin.co.id has taken some undisclosed rounds that were aimed more at strategic partnerships. The Bali-based startup is a digital asset exchange platform that offers Bitcoin, Ethereum, Litecoin, and Ripple. Founded in May 2013 by Darmawan and William Sutanto, the platform 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. Also Read: How Bitcoin is doing in Indonesia, and its opportunities as an investment commodity In the same year, the countrys central bank Bank Indonesia announced the ban of Bitcoin and other cryptocurrencies as a payment method, though cryptocurrency exchanges are not affected by the ban. The central bank reaffirmed the ban in October, with Bank Indonesia G Continue reading >>
Beli & Jual Bitcoin Di Indodax
Indodax is an online platform where you can buy and sell Bitcoin, Ethereum Register now to gain the optimal experience in trading Digital Assets! 1,175,892 members are already on board. What are you waiting for? The place to buy and sell Bitcoin with Rupiah Indodax 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 Indodax with no worryweve got your back! Want to know more about Bitcoin? Click here With Indodax, 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. 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. Love to trade cryptocurrency and speculate on the Bitcoins price? Do it with us! We are online 24/7. Yes, even during holidays. Watch this video for our mission and vision! Support our movement as we embark together in a journey to build a bigger Bitcoin and Cryptocurrency ecosystem in Indonesia! 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. You will only need one account to process any kind of Bitcoin transaction, whether it is to sell, buy, invest or trade Bitcoin. Indodax can be accessed easily through various types of devices, such as: PC, laptop, tablet and smartphones. Trade anywhere, anytime, 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 Continue reading >>
Interview With Coin News Asia
Indonesia Is the Perfect Market for Bitcoin to Grow In another special coverage of the cryptocurrency movement in Indonesia, Oscar Darmawan shares his insights on bitcoin and how far Bitcoin.co.id has developed since we last covered it. You can read our exclusive interview with Oscar for Bitcoin Indonesia in two parts here and here . The rise of bitcoin in Indonesia is steady. Lets see what Oscar has to say: Well, I have always believed in a lean business model so it did not take long for us to start our business. We first started our Bitcoin exchange based on a business model that was fairly similar with what would have been applied by a money changer. But in order to support a bigger and more liquid transaction, we decided to reform our business from a Bitcoin Brokerage to a Bitcoin Spot Exchange. I have been involved with a lot of e-money transactions and businesses in the past few years. I was once a seasoned forex trader. I also had my hands on e-gold and liberty reserve which both got frozen by FBI. All my bad experiences with centralized e-money businesses made me realize that a true form of safe and global e-money would not be created if it keeps depending on a centralized system and its business nature. I also have been actively working full time in the IT area and cyber security industry for the last six years. Due to my background in finance and IT security, I have known Bitcoin since the early days and I instantly fell in love with it, especially with the Blockchain technology behind it. If I must say, the best thing about my venture is how we can still be running profitable even though bitcoin volume transaction goes down globally last year. Unlike most of the startups which can only survive because of investor funds, we have been profitable since day one. Continue reading >>
Apa Kelebihan Indodax.com Dibandingkan Digital Asset Exchange Yang Lain?
Indodax.com termasuk ke dalam Top 20 Biggest Bitcoin Exchangers di dunia dan dalam waktu 2 tahun saja, sudah memiliki lebih dari 50.000 member aktif berdagang di situs Indodax. Indodax.com memiliki proses deposit dan withdraw tercepat dibandingkan exchanger lain karena semua sistem dapat berjalan secara otomatis. Namun, demi melindungi keamanan member, sistem otomatis ini selalu diverifikasi ulang oleh tim keuangan Indodax.com. Indodax.com termasuk ke dalam daftar exchanger dengan biaya transaksi terendah untuk jual-beli Bitcoin, yaitu: 0.3% per transaksiuntuk market taker dan 0% untuk market maker. Indodax.com menyediakan fasilitas perdagangan Alternate Coins seperti Ethereum, Ripple, Dogecoin, Litecoin, Stellar, NXT, XEM, DASH dan Bitshares dengan biaya transaksi 0%. Indodax.com termasuk ke dalam 10 pasar yang paling sering digunakan oleh member seluruh dunia untuk menukarkan alternate coinsnya ke Bitcoin. Indodax.com terintegrasi dengan berbagai layanan Bitcoin di dunia, seperti: Bitcoin Average, Bitcoin Checker, Bitcoin Ticker Widget dan puluhan layanan lainnya. Indodax.com memiliki tim auditor dan keuangan yang bekerja selama 24 jam sehari demi menjamin pengawasan dan pemberian support terbaik kepada setiap member. Customer Service Indodax.com selalu stand by dan siap menjawab semua pertanyaan, keluhan dan saran yang diberikan oleh member dalam kurun waktu tidak lebih dari 30 menit. Semua proses transaksi jual-beli, deposit, dan withdraw di Indodax.com tetap diproses secara biasa pada hari libur. Indodax.com memiliki sebuah proyek sosial untuk menjadikan Bali sebagai Pulau Bitcoin atau Bitisland dengan harapan dapat menambah devisa Negara dengan banyaknya turis asing yang datang ke Bali untuk membelanjakan Bitcoin mereka. Indodax.com memiliki Forumbitcoin.co.id ya Continue reading >>
Waves Integrated With Indonesian Exchange Bitcoin.co.id
WAVES integrated with Indonesian exchange Bitcoin.co.id More than $500,000 in WAVES volume was traded within the first hour of listing. Bitcoin.co.id , South East Asias largest digital asset exchange, has integrated WAVES and opened trading. WAVES is now listed against IDR, the Indonesian Rupiah. The exchange has done brisk business in early trading, with the equivalent of over $300,000 in WAVES changing hands in the first 15 minutes. This increase in volumes and interest is likely behind the 5% bump in price against the USD that WAVES has enjoyed today, against the backdrop of a fall in the price of bitcoin. Bitcoin.co.id opened in 2013 as an education project, seeking to build a community around bitcoin and cryptocurrencies. It later began to offer brokerage services before launching a full exchange in 2014. Within a year the site had attracted over 50,000 users and saw average daily trading volumes of 500 million IDR. Today, the site has consolidated its position as the largest crypto exchange in the region, with daily volumes of over $3 million half of which is altcoin trading. Bitcoin.co.id is another great addition to the Waves ecosystem. Any new exchange offers additional liquidity to traders and, more importantly, brings new exposure for the platform, comments Alexander Ivanov, CEO and founder of Waves. Cryptocurrency is a global phenomenon and we want a vibrant global community, with businesses in every continent. Indonesia is a very strategic location for further adoption and were looking forward to seeing more applications and use cases being built in this region. Join Waves News channel: Join Waves Twitter: Continue reading >>
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 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 >>
4 Answers - How To Trust Bitcoin Wallet Like Bitcoin.co.id - Quora
In general, if its not your wallet, its not your bitcoin. You may trust that the operators are good people and wont just steal your money, but, more importantly, do you also trust them to safely secure millions of dollars of digital assets? Businesses get hacked all the time. Do you think their code is robust and security practices paranoid enough to keep your money secure forever? Bite the bullet. Buy a hardware wallet if youre storing anything you dont want to lose. Invest in physical security such as a safe or fire proof box. Keep paper backups. Such inconveniences are a small price for financial sovereignty. Users relying on hosted wallets are, in essence, depending on third-party trust to safeguard their coins. However, hosted wallets are not created equal. So users must ask the question: can I trust a particular provider to properly store my bitcoin? The good news is that there are companies pushing bitcoin wallet technologies to the next level, fostering a rethink about what a wallet really is. Going forward, control of the private keys might be most important users' wallet security no matter if it is hosted or not. It is important users finding the wallet solution that best suits them. Consumer-facing solutions might just be good enough to get started, for example. But those trying to protect larger amounts of bitcoin need to do their research, or at least find someone to investigate the right option for them. Continue reading >>
Bitcoin.co.id Exchange Review | All Things Crypto
Bitcoin.Co.Id has a pretty solid understanding of security measures when it comes to crypto exchanges. They offer their own cryptocurrency wallet, which can be used to store alt-coins or to send them elsewhere. They boast a spotless reputation when it comes to hacks or any funny business. Bitcoin.Co.Id trading fees are in the average when compared to the industry, coming in at 0.3% trading fees. There are, of course, exchanges that charge 0% fees, but you get what you pay for or dont pay for in those cases because they either offer really bad prices when it comes to the assets, or charge absorbent transfer fees. The previously mentioned 0.3% fee for Bitcoin.Co.Id is for trading between cryptocurrencies and fiat currency. For trading between alt-coins, there is no fee. Bitcoin.Co.Id only offers a total of 9 coins on its site, 2 of which being BTC and ETH. They really do not have a wide selection of alt coins, and the few that they do have are not very popular. But then again, this is one of the few options for purchasing crypto in Indonesia. Bitcoin.Co.Id has a really simple yet effective platform. They definitely dialed back the capabilities, so it is more for the beginner. Although it doesnt have the usual features of a fully-fledged trading platform, it still gets the job done every day. It has over 500,000 daily users, so it must be doing something right. For being the top exchange by far in Indonesia, Bitcoin.Co.Id is doing a pretty good job all around. They are right above the general average. It seems they are mainly targeting Indonesian users since the only fiat their exchange accepts is Rupiah. It is nice to see that Bitcoin.Co.ID is offering more than just Bitcoin. Also, like we stated earlier, the fiat-cryptocurrency trading fee is in the average for the indu Continue reading >>
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.co.id Review Scam Or Not?
There are hundreds of exchange websites out there today on the internet! This is because the need for BTC has grown over the past six months and has continued to do so with strong numbers. The demand for BTC trading websites has also exponentially grown over the years making BTC trade more regional making room for local websites to flourish in their own backyard market. We are talking about websites that are focused on providing exchange services into their own countries and often disregard outsider traders. Today, we will be looking into Bitcoin.co.id a local Indonesian exchange website that focuses on the Indonesian region. The question is, can outsiders create an account with them without any problems? As a world trader, we need to know where to get BTC not just from within our own regions but from all over the world . Bitcoin Indonesia or better known as Bitcoin.co.id is a crypto exchange company based in Indonesia that was launched way back in 2013. The company claims that they have over half a million registered clients that trade over half a billion Rupiah on a daily basis making them the largest crypto exchange website in Indonesia. To create an account with Bitcoin.co.id, all you need to do is click on the REGISTER ACCOUNT button found on their website homepage . There are two different types of accounts you are able to create in this website, first would be the personal account registration, which we are going to do, and the second one is the Institution account . Since we are just creating a personal account, we only need to provide a primary phone number, alternative phone number, username, an active email address, and the password for the account you want to create. After providing all the account creation requirements, an SMS verification code will be sen Continue reading >>