How to Play Crypto and Get Tempting Profits

Lovata Andrean

How to Play Crypto and Get Tempting Profits
How to Play Crypto and Get Tempting Profits

Rancakmedia.com - Here's how to play crypto, a virtual currency that is now increasingly trendy to exchange in the world. Before getting into how to play crypto for beginners, let's get to know crypto first. Crypto is a virtual currency that is exchanged as currency for online transactions.

Because it is a virtual currency, crypto assets are also stored digitally using e-wallets, which are called electronic wallets.

Even though it has been known since 2009, crypto's popularity soared with the outbreak of the Covid-19 outbreak. Indonesia has not approved the use of crypto as legal money, but crypto trading has obtained a license from CoFTRA or the Commodity Futures Trading Regulatory Agency.

So, there is no need to worry about starting to buy crypto and buy and sell this virtual currency. Most cryptocurrencies are long-term investments. Variations in the value of cryptocurrencies occur quite quickly. However, the total index continues to grow.

The narrative about bitcoin millionaires, one of the cryptocurrencies comes from Erik Finman. When he was 12 years old in 2011, he invested US$1.000 or around Rp. 8.580.000 at the rupiah exchange rate against the dollar in May 2011 of Rp. 8.580.

Only 2 years later, in 2013 he sold his first bitcoin asset for US$100.000 or around Rp. 1,2 billion with the rupiah exchange rate against the dollar in 2013 being Rp. 12.180.

This makes him one of the richest teenage billionaires in the world who became rich by holding crypto assets. This success story can be reproduced by others. How to play crypto not that difficult. Here we can discover cryptocurrency secrets that you should know before investing in the crypto market

Here is the order of how to play crypto for beginners to be safe:

1. Research

Before buying crypto, make sure you do your research first about this currency.

What are the advantages and disadvantages, and how to choose what crypto assets to buy.

2. Open an account on the marketplace

Indonesia has allowed crypto trading. Currently, there are at least 13 crypto trading markets or businesses registered with CoFTRA.

  • PT Indodax National Indonesia (INDODAX)
  • PT Crypto Indonesia Berkat (TOKOCRYPTO)
  • PT Zipmex Exchange Indonesia (ZIPMEX)
  • PT Indonesia Digital Exchange (IDEX)
  • PT Pintu Anywhere (PINTU)
  • PT Luno Indonesia LTD (LUNO)
  • PT Cipta Koin Digital (KOINKU)
  • PT Tiga Inti Utama(TRIV) (TRIV)
  • PT Upbit Exchange Indonesia (UPBIT)
  • PT Bursa Crypto Prima (BECHIPINDO)
  • PT Akun Saya Dotcom Indonesia (Akun Saya.com)
  • PT Triniti Investama Berkat (BITOCTO)
  • PT Plutonext Digital Asset (PLUTO NEXT)

After registration, crypto traders will validate the data before finally being allowed to buy and sell crypto activities.

3. Make a deposit

You must make a deposit in rupiah to the merchant you want to trade with.

Usually the deposit amount fluctuates from IDR 30 thousand to IDR 50 thousand or more. This deposit can be converted into cryptocurrency.

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Lovata Andrean

Hi, I'm Lovata, I'm not Ai but I am a content writer for SEO, Technology, Finance, Travel, Cooking Recipes and others. I hope this can be useful for all my friends. Thanks