Home Cryptocurrancy 5 Ways To Buy Bitcoin In Indonesia

5 Ways To Buy Bitcoin In Indonesia

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There are multiple exchange markets and institutions where you can buy bitcoins in Indonesia. However, we are going to discuss the most trusted ways to go forward with.

By following these ways, you can begin to beli ethereum di indonesia along with other bitcoins or cryptocurrencies as you deem fit for the current transactions and mining of the digital currency.

  1. Luno

This exchange is quite popular amongst multiple countries across the world, which also includes Indonesia. The most attractive fact for using this exchange is simple and very intuitive user experience and interface for the users, especially for those who are beginners in this field of bitcoins or cryptocurrencies.

Indonesia is one of the most benefited countries while using this application or exchange board. That is because usually, Luno charges a slight fee from other countries as the exchange volume of the bitcoins increase or decrease.

However, that’s not the case for the Indonesian traders. If you are a native trader and want to buy Ethereum in Indonesia, then you won’t have to pay any kind of fee as and when the transaction volume changes.

The only con related to this exchange would be that it only supports bitcoin and Ethereum as of now for exchanges or mining of the same.

  1. Kraken

It is tagged as one of the largest exchanges that are present for the mining, storing, and thus transacting of bitcoins and other cryptocurrencies in the world. This exchange is sincerely available in every other country, including Indonesia. 

It accepts every leading bank wire system in those countries as well. So, you, as a trader, will not ever have a problem in any scenario when you are to buy Ethereum in Indonesia while using Kraken. 

It also has a substantial fee that is amounting to be around .25 percent of the amount traded. 

  1. Bitcoin.co.id or Indodax

This exchange is the biggest or largest in the entire Indonesia. It accepts bank transactions through Doku, EasyPay, Veritans, Alfa network, and much more.

The major perks related to this exchange is that there is 24 into 7 customer support available for every kind of trader. So, even if you are new for the bitcoin or Ethereum exchanges, the customer support will ensure that you get to know the nitty-gritty of the same and do not feel left out at all.

Another perk related to the same exchange is that it has a very low fee charge system; it is a highly trusted and credible exchange, especially in Indonesia. So, the local traders can always use this one for different cryptocurrencies to be bought or sold.

  1. LocalBitcoins

This peer to peer network is currently operational in multiple countries, Indonesia being one of the most dominant one. This platform helps the buyers and the sellers of the cryptocurrency to arrange the meeting online.

It offers payments through Moneygram and another similar platform named Webmoney. As far as the banks go, it accepts every major bank for regular exchanges in Indonesia. 

However, as far as the security goes, only two-factor authentication is available through this platform to buy Ethereum in Indonesia. So, because of the growing concern of unfavorable use of the bitcoin exchanges, the active members have slightly decreased.

On the flip side, the feed is only about 1 percent in this platform for every trader. However, if you want to go for the exchanges that have extra privacy, then you might have to pay slightly extra price or fee as put forward by the seller.

As far as the speed goes, this exchanging platform is quite faster than the rest of them in the market as of now. 

  1. Bitcoin ATMs

These ATMs are increasing in Indonesia for quite some years now. One of the major chunks of the Bitcoin ATMs is bound in Bali. Most of them are sponsored by Indodax. Otherwise, you can find every information about the currently operated bitcoin ATMs in Indonesia on various websites, including CoinRadar.

You can buy Ethereum in Indonesia using these ATMs pretty fast, quick, and easy, but you have to remember that the processing fee in these ATMs is rather high than the other digital exchange platforms.

Also, while buying the bitcoins using these ATMs, you wouldn’t need to apply for any kind of verification, which is the most attractive feature of these ATMs.