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Liputan6.com, Jakarta - Crypto assets in Indonesia are reportedly still recording a significant increase with the price of Bitcoin continuing to skyrocket towards the end of 2020. According to records on December 27, 2020, Bitcoin reached a new high of USD 28,422 or around IDR 403.7 million. This positive trend is said to be evidence of increasing public confidence in crypto assets as a promising investment option, especially in times of a pandemic like now. Therefore, this moment can be an opportunity for people to start investing in crypto assets.
Moreover, Indonesia has regulated crypto asset trading regulations through a policy issued by the Commodity Futures Trading Supervisory Agency (Bappebti). This makes crypto assets legally recognized and tradable. However, given that crypto assets are classified as new investment instruments, it is natural to have concerns. For this reason, education still needs to be done so that the Indonesian market regarding trading crypto assets is safe and reliable.
So, what are the things prospective traders need to understand about crypto assets in Indonesia? Here is some information quoted from Tokocrypto, Tuesday (12/29/2020) to find out that investing in crypto assets can bring you profit and not profit. 1. Ensuring the Legality of the Exchange When deciding to invest in crypto assets, choosing a media exchange to make transactions is important to ensure the safety of asset investment. Therefore, make sure the selected exchange is legal and officially registered with Bappeti. In Indonesia, there are 13 officially registered exchanges such as Tokocrypto, Indodax, Pintu, Luno, Rekeningku and others.
Things to Look For When Investing Crypto Assets
2. Studying the Types of Crypto Assets of Interest Before starting to invest, traders need to understand the types of cryptocurrencies on the market. Bitcoin is still a favorite, but there are other types available, such as Ethereum, Ripple, and Tether. By understanding these types of assets, prospective traders can check their availability on their preferred exchange. For example, Tokocrypto provides 34 types of coins and Indodax has 110 types of coins.
3. Amount of Service Fee When trading crypto assets, there is a service fee scheme that traders charge, namely buying and withdrawal fees. Each exchange in Indonesia has a different scheme, so traders must know it first.
4. Pay attention to price spreads Just like buying gold, there is a price spread or selling / buying price difference that traders must pay attention to. The difference in buying and selling prices that is not too large will expand the space for traders to make decisions on ownership of crypto assets.
5. Completeness of Owned Trading Features Each exchange has excellent trading features that traders offer. However, there are some important and useful features for traders, such as the price chart feature for conducting analysis to the cut loss feature that can help traders limit certain price losses. Therefore, choose an exchange that does provide a variety of features to meet traders' needs, such as that offered by Tokocrypto. 6. Applied Security Technology The last thing that is important for traders to pay attention to is the use of technology to ensure transaction security. The majority of exchanges in Indonesia themselves have used security standards such as Two Factor Authenticators and confirmation via email or SMS. One of them is implemented by Tokocrypto, which is supported by Binance Cloud technology as one of the exchanges with a security rating of 9.35. In addition, this platform also has ISO 27001 certification. (Dam / Why)
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