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Crypto: Launch of BW6.com in Indonesia
This article will get budding cryptocurrency traders in Indonesia up to speed with the crypto market, explaining the basics of cryptocurrency, demonstrating how they can get started trading in crypto, and discussing why BW6 would be a great place to start their crypto journey.
With crypto growing in popularity across the world, there is no better place to demonstrate its rise in prominence than in Indonesia. Indonesia ranks 7th in the world for total nominal cryptocurrency users, with approximately 7.4 million people involved in the market to date. While the most popular coins amongst Indonesians tend to be the typical options of Bitcoin, Ethereum and Litecoin, there are also many emerging coins that crypto traders in the country are seeking to invest in.
Popularity towards digital currencies is growing year upon year, and as such we are seeing many more digital exchanges appear, ready to serve traders from all corners of the globe. With crypto popularity in Indonesia continuing to grow, the desire for a crypto exchange Indonesia based traders can trust has never been more required. The exemplary security record of the BW6 crypto exchange makes it a frontrunner for Indonesia crypto trading, and we will show how you can set up an account with us to begin cryptocurrency trading with us.
Crypto - helping people to choose the best platform to invest
A cryptocurrency is a digital currency - it cannot be printed, and is stored entirely online. What cryptocurrency does that fiat currency is unable to do is bring autonomy of ownership back into the hands of the trader, rather than to a centralized institution like a bank. Digital exchanges facilitate the trading of digital currencies, with the most popular cryptocurrency being Bitcoin. There are other strong crypto like Ethereum and Litecoin, along with stable coins like USDT and QC, and also thousands of emerging new coins are joining the market on a regular basis.
Best pricing coins of all time
In November 2021, Bitcoin hit its highest ever price of $68,000. Since then it has fallen to nearly half of this value, however it had a reasonably extended period where it stayed above the $60,000 mark. Ethereum’s highest ever price came in at $4,800 - also towards the end of last year. At the other end of the scale, Dogecoin’s best price comes in at $0.68, with Shiba Inu maxing out at $0.00007957. It’s fair to say there is a lot of price diversity across the industry.
Best performing Crypto coins in indonesia
The next natural question to answer would be - what cryptocurrency should I start trading with? Well, these are good places to start:
- Bitcoin (BTC)
- Ethereum (ETH)
- Solana (SOL)
- Polkadot (DOT)
Bitcoin is the crypto king. First established in 2008, it has been on a wild ride since falling to just $0.01 in value after a huge market crash in 2011. Currently trading at approximately $38k, if there is ever a cryptocurrency that will make it into the mainstream, it’s Bitcoin.
Chances are, if you know anything about cryptocurrencies you will have heard of Ethereum. ETH is a highly established token, initially released in July 2015, and growing in popularity across India. The crypto has been on a tremendous growth journey since its inception, growing 33,500% since 2016 to date, and most importantly outperforming Bitcoin in 2021 - gaining 418% in comparison to Bitcoin’s 66%.
While a competitor of ETH, SOL is still a highly appealing cryptocurrency to trade with in Indonesia in 2022. Talking numbers, Solana entered the crypto market at $1.5 in 2021 - it entered 2022 at $258. A contributing factor to Solana’s recent successes is its incredibly fast transaction speeds, which are a thumbs up to the infrastructure on which the crypto is built.
While 2022 has been a slower start for some cryptocurrencies than expected, DOT has come roaring out of the blocks. Nudging its way into the top 10 cryptocurrencies list, Polkadot is backed by tremendous blockchain technology, and as a relative newcomer to the crypto party - being established only in 2020 - it has shown signs of being a real trend-setter in the crypto space.
Remember, these are some of the most popular cryptocurrency tokens that traders can turn to. However, there is also a lot of potential in newly established coins, and you should always be on the lookout for the newest trend coming to market.
Go to BW6.com crypto exchange
To buy crypto in Indonesia, firstly head to www.BW6.com and create an account, or download the BW6 app. To do this, select ‘Sign Up’ at the top right hand side of the landing page and follow the instructions. You will be required to complete an identity verification at this point, so please have a form of identification at hand.
Deposit cash to invest
From here, log in to your BW6account by clicking ‘Login’, and entering your login credentials. You will now be required to set up your withdrawal address - this will allow you to redeem any successful crypto investments you have made on the platform. Once this is completed, deposit cash into your account to begin investing.
Place your cryptocurrency order!
You are now ready to buy cryptocurrency! Once the deposit process is completed, you are now free to navigate the BW6platform to place your order. The process really is as simple as that. After you’ve created your account, follow those steps and you’ll be ready to trade.
Which is the best platform for Indonesia crypto exchange?
Now that your appetite has been whetted for crypto trading, it is important to establish where it is best to go to start trading. There are many popular trading platforms available to traders in Indonesia, however none can boast the superior security record than BW6. There is no more trusted platform to start your cryptocurrency journey with than the BW6 cryptocurrency trading platform. The BW6crypto trading platform has been free from security breaches throughout the entirety of its lifetime, allowing users to get involved in cryptocurrency trading with complete security and trust in the exchange they are operating on.
Recognizing the growing demand for cryptocurrency in Indonesia, both the BW6desktop platform and BW6Pro app are available in English and bahasa Indonesian. Therefore, if you are looking for a crypto exchange Indonesia friendly then BW6is just what you need.
Technology limitations of Cryptocurrency?
This depends on what you’re trying to achieve. For example, do not expect to mine cryptocurrency from your mobile phone - you will need a very powerful and expensive rig to be involved in the mining process. However, if you just want to trade crypto wherever you are in the world, the technology available to the industry certainly supports that.
How much does it cost to buy Bitcoin?
You can buy Bitcoin on the BW6 trading platform for just over $39,000.
Can I buy Bitcoin in Indonesia?
Is Cryptocurrency legal in Indonesia?
You are allowed to trade cryptocurrency as a commodity in Indonesia, however it is not allowed to be used to pay for goods or services.
Which is the best platform for crypto exchange?
For Indonesia traders, the BW6 platform is available in both English and bahasa Indonesian, therefore making it the most adapted to the region.
Why is BW6.com considered the best?
BW6has an exemplary asset security record, keeping the digital commodities of over 15 million users safe during its years of operation.
How to forecast cryptocurrency?
While markets tend to be quite volatile in cryptocurrency, it is certainly possible to forecast the direction in which a market is heading. However, this requires experience and a deep understanding of the factors that drive prices. Remember, cryptocurrency markets are fundamentally driven by supply and demand, so where there is indication in demand growing, prices will go up.