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How to buy Bitcoin in Indonesia
Buying Bitcoin is easier than you might think. The two main ways of buying Bitcoin are to find a Bitcoin broker and purchase directly or to visit a cryptocurrency exchange and buy Bitcoin on the open market. Bitcoin hit new all time highs in 2020, but make sure you educate yourself on all things Bitcoin before you dive into investing.
How to buy Bitcoin
Follow these steps to purchase your first Bitcoin.
- Compare crypto exchanges
The easiest way to buy Bitcoin is from a cryptocurrency exchange. Use our comparison table to find an exchange with the features you want such as low fees, ease of use or 24-hour customer support. - Create an account
To create an account on an exchange you will need to verify your email address and identity. Have some photo ID and your phone ready. - Make a deposit
Once verified, you can deposit IDR using the payment method that best suits you – Bank transfer, debit card, wire transfer and credit cards are all widely accepted. - Buy Bitcoin
You can now exchange your funds for Bitcoin. On easier-to-use exchanges, this is as easy as entering the amount you want to purchase and clicking “buy.” If you like you can now withdraw your Bitcoin to your personal wallet.
Disclaimer: This information should not be interpreted as an endorsement of cryptocurrency or any specific provider, service or offering. It is not a recommendation to trade.
Quick guide: HOW TO BUY BTC
- Register for an account with a Bitcoin exchange like Luno.
- Enable 2-factor authentication.
- Verify your account.
- Click “Deposit IDR”.
- Transfer funds into your account.
- Click “Buy/Sell” at the top of the screen.
- Search for Bitcoin and click on “Buy BTC”.
- Enter the amount of BTC you want to buy or the amount of IDR you want to spend.
- Review the transaction details.
- Click “Buy BTC”.
Go to Luno's website
This is our quick guide to just one way to buy Bitcoin. Compare some other options in the table below.
Where to buy Bitcoin
You can find and compare Bitcoin exchanges and brokers here.
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