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How to buy bitcoin in Indonesia

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BTC
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Bitcoin

The world's first cryptocurrency bitcoin is still very popular. Businessmen and programmers invest in BTC, large companies work with it, ordinary people buy it to increase assets or just pay in a cafe for a cup of coffee or in a hotel for accommodation. Although there are many cryptocurrencies, it is still the purchase and sale of bitcoin that makes the most transactions. Such popularity is explained by the wide fame of bitcoin, its relatively long history compared to other cryptocurrencies, and therefore this cryptocurrency is trusted much more than others.

The position of the Indonesian government towards cryptocurrency is ambiguous. In January 2022, the country's financial regulator OJK banned financial organisations from using, selling and facilitating cryptocurrency trading. Nevertheless, trading in cryptocurrency assets is very popular in the country, and the number of transactions increases every year. It should be noted that cryptocurrency trading in the country is allowed on commodity exchanges, and the Indonesian authorities have created a separate state-owned digital asset exchange called Digital Futures Exchange. It is not yet possible to pay with cryptocurrency in the country.

You can buy Bitcoin in Indonesia with a bank card for Indonesian rupiah with Itez. The purchase will be quick and easy. Read the detailed instructions below.

How to buy Bitcoin on Itez:
step-by-step instruction
1.

In order to buy bitcoin, it is not necessary to register on the Itez website. In a handy calculator, you can quickly calculate the cost of BTC based on the amount you plan to use for payment. The smallest purchase amount in dollar terms is 30 USD. By the way, the same applies to the euro - the starting purchase threshold starts at €30. Well, in our instructions, as promised, we will go through all the stages of purchase BTC for dollars step by step.

2.

After converting the currency to BTC, you will see the final result in the "You Get" field and on the "Buy" button. Click the button and enter your email address in the following window.

3.

Verify your email with a 6-digit code sent to the previously indicated e-mail and click the "Verify" button.

4.

Specify the purchase amount in the Itez dialog box. Copy the recipient address - your bitcoin wallet - from the “Accept” section.

Important: you should not manually copy the bitcoin wallet address. The blockchain system does not give any information about bitcoin addresses problems, and if an error occurs during manual entry, all the buyer's funds may be lost.

For example, this is how the copy address button looks like in the Exodus wallet:

5.

After copying the bitcoin wallet address, paste it into the dialog box.

Check your data — it is important to make sure that the address is entered correctly.

6.

After pushing the “Card details” button, enter the required card information: card number and expiration date, the cardholder name and CVC-code — three numbers on the back of the card.

7.

Push the “Pay” button and enter the one-time bank code in the following window. As soon as the transaction receives 6 confirmations in the blockchain network, your bitcoin wallet balance will be top-up.

Important: the transaction will wait for confirmations for time. After six network confirmations, bitcoin will be on your e-wallet; when buying with Itez it will take for about 15 minutes. This is a very good speed for the Bitcoin network since transactions in the most popular blockchain network are somewhat slower than in other networks due to its properties and high load.

8.

The transaction will first wait for confirmations from the blockchain network.

After six confirmations, the BTC networks will be yours for good; when buying from Itez, this will happen on average within 15 minutes.

This is a very good indicator for the Bitcoin network, since transactions are somewhat slower in the most popular blockchain network than in other networks, due to its design features and high workload.

Banks

Indonesia's banking system is quite well developed. It is modern, digitalized and provides customers with all the usual services at a high level. Moreover, in April 2022, Forbes included Indonesian banks in the list of the best financial institutions in the world. Among them are Bank Central Asia and DBS Bank, as well as Bank Mandiri, BSI, Bank Jago, BCA Syariah, BRE, Bank Panic and Bank DCI.

Bank cards

You can buy bitcoin in Itez using a regular bank card. It can be either credit or debit. You can use Visa, Mastercard, Maestro, American Express payment cards, and also virtual Google Pay, Apple Pay, Samsung Pay. Payment can be made in euros, dollars or in Indonesian rupiah and other currencies.

How to store bitcoin

Bitcoin is a decentralised cryptocurrency, and it is most convenient to access and work with it using crypto wallets. There are many such services in the world, but each of them will provide reliable protection of your investments thanks to a multi-stage system for protecting user information. When registering, do not forget to write down the seed phrase, without which it will be impossible to restore access to the wallet, and never give it to anyone. You can choose the best service for storing bitcoin on the official website, just follow the link: bitcoin.org.

Itez
About Itez

Itez is an instant bitcoin purchase resource. Itez is a certified operator holding a license to sell and store cryptocurrencies of a financial regulator from Estonia. What does this give to customers?

First of all it is safety, since the operator is fully responsible for the risks. He conducts a compliance check, provides cryptocurrency on time and is always in touch with customers, if the need arises. Secondly, it`s efficient. The average time for receiving bitcoin to a client's account is a quarter of an hour. For comparison, let's take similar services Indacoin and MoonPay: when working with them, the time it takes for bitcoin to be credited to the client's electronic wallet will take for about an hour - it depends on how busy the network is. Thirdly, the service offers to customers a favorable exchange rate. Rate changes occur in accordance with the liquidity provider's information, therefore, the BTC value on the Itez website is as close as possible to the market value. The site has no hidden fees as the final BTC value is displayed instantly. If the purchase price does not exceed € 300, then the buyer does not need verification.

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