7 Best Bitcoin Wallets in Indonesia
Bitcoin wallet is a place to digitally store all Bitcoin information and validate transactions with that cryptocurrency.
Bitcoin itself is a virtual currency or cryptocurrency that has been launched since 2009. The figure behind this currency is named Satoshi Nakamoto.
As a virtual currency, of course Bitcoin is not physical. Therefore, the use of this money is only done online through digital devices to carry out a number of transactions, such as payment instruments, sending and receiving money to various countries without being tied to a bank institution.
Types of Bitcoin Wallet
There are three types of Bitcoin wallets related to cryptocurrencies, namely:
A mobile or online wallet, in the form of an application or an account on a site with payments that can use a QR code.
Desktop wallet, taking advantage of the computer operating system ecosystem.
Hardware wallet alias physical, the safest way to store large amounts of bitcoins.
How Bitcoin Wallet Works
In order to initiate a transaction the customer must deposit funds into a segregated account of the crypto physical asset merchant to purchase Bitcoin or other virtual money. As much as 70 percent of funds are held in clearing houses and 30 percent are held with physical traders of crypto assets.
Crypto assets that have been transacted will be stored by commodity traders of crypto assets in the depository, both hot wallets and cold wallets in the storage manager.
So it can be concluded, Bitcoin wallet works to receive and send Bitcoins between users.
7 Recommended Bitcoin Wallet Applications
1. Indodax
Who does not know this one company? Indodax is the largest crypto asset marketplace in Indonesia. Almost all crypto money investors, especially Bitcoin use this application. Apart from Bitcoin, you can also buy other cryptocurrency assets.
2. Trezor
Trezor is a Bitcoin wallet that is famous for its security. Trezor is physical so it is different from other Bitcoin wallets. Small shape similar to a regular USB drive. There are more than 600 types of digital money offered on Trezor.
3. Electrum
Electrum can be an option for storing crypto assets for beginners, because it has a simple system. Its form is in the form of software that runs on a computer. Electrum has been working since 2011. This Bitcoin wallet can operate on various operating systems and devices such as Windows, Linux, Mac, and Android.
4. Exodus
The next Bitcoin wallet with good security is Exodus. This wallet is in the form of software that can be used on a cellphone or computer without a hitch. You also don't need to upload bank account data. The suitable operating systems to run Exodus software are Windows, Mac, and Linux.
5. Keepkey Wallet
KeepKey wallet can store your Bitcoin assets virtually or physically. Passwords will always be stored in cold storage so they are out of reach of software hackers.
6. Coinbase
Coinbase is an online based Bitcoin wallet. There are many choices of crypto assets besides Bitcoin that you can store here. What needs to be understood, this online wallet service will impose transaction fees.
7. Luno
Luno is a Bitcoin wallet application in Indonesia that has been used by many investors. Regarding security, don't hesitate because this wallet has obtained CoFTRA's permission. There are many crypto asset options to choose from here.
That's the recommendation for the best Bitcoin wallet in Indonesia.