Category: Blog

Complete Guide How to Start Trading Crypto

The year 2022 can perhaps be considered the heyday of cryptocurrencies and blockchain. The reason is, throughout this year the adoption of crypto assets in various sectors is increasing, as well as the increasing number of traders and investors who are interested in making a fortune through Bitcoin and other types of cryptocurrencies . As time goes by, more and more people are starting to trade crypto .

For those of you who are interested in trying to invest in crypto assets or are still beginners in the world of cryptocurrencies , here are things you need to know before starting crypto trading .

Get to know Cryptocurrencies and What is Crypto Trading

Cryptocurrency or crypto asset is a digital asset that uses an online ledger with strong cryptography to secure online transactions.

Crypto assets work using a technology called blockchain. Blockchain is a decentralized technology that functions to manage and record transactions of crypto assets. Part of the appeal of blockchain technology is its level of security.

According to the CoinMarketCap website , as of this writing, there are already more than 10,000 types of cryptocurrencies listed and traded publicly. This certainly indicates that more and more companies or projects are making crypto asset tokens or coins along with the increasing number of users investing in crypto assets. Thus, cryptocurrencies continue to proliferate, one of which is by applying for funding through an initial coin offering or ICO.

Meanwhile, crypto trading is a transaction activity using crypto assets. Such as exchanging crypto assets with other crypto assets, selling or buying crypto assets with the aim of making a daily profit. To be able to trade crypto assets, you need to create an account on the exchange platform and store some crypto assets in your wallet .

Wallets are perfect for storing various crypto assets that you own based on transactions or crypto asset trades that you have made.

How Do Crypto Assets Work?

Cryptocurrencies are digital assets backed by blockchain. Blockchain technology stores a ledger of every crypto asset transaction on every node that drives the blockchain. Nodes are computers connected to the Bitcoin network for mining crypto assets, such as Bitcoin. If any of the miners tries to enter a fake transaction, the transaction will be canceled by the correct ledger .

The correct ledger is determined by most record miners . In theory, you can hack a blockchain by controlling 51 percent of the crypto asset blockchain network in a process called a 51% attack .

In order to make transactions or trades using crypto assets, you must have a set of public and private keys . These two keys are passwords generated by your crypto asset wallet . Your public key is linked to your wallet address and can make it easier for anyone to send you any number of crypto assets. While the private key is used to approve transactions sent from your wallet and only you have access to your private key .

How to Start Trading Crypto Assets?

If you are interested in trading and investing in crypto assets such as Bitcoin, Ripple, Ethereum, Dogecoin, Cardano, and others, you can get started through the Zipmex platform. As a trusted and regulated crypto asset trading platform in Indonesia, Zipmex offers convenience for trading crypto assets.

Below is a complete way to start trading crypto assets on Zipmex.

1. Register an account with Zipmex

You can start trading crypto by registering or registering yourself at Zipmex. For details on the account registration process, see this link .

2. KYC Verification Process

The KYC process aims to maintain the security of user accounts and ensure your comfort when investing in Zipmex. The documents required for verification (KYC) at Zipmex include:

  • For Indonesian Citizens (WNI): Original KTP.
  • Foreign Citizen (WNA): Original passport. In addition, there are additional documents that need to be prepared, namely bank statements/electricity bills/telephone bills/other documents that can show the address of residence while in Indonesia.

You can see the detailed steps surrounding KYC account verification on Zipmex at this link .

3. Deposit investment funds into Trade Wallet

If your KYC registration and verification process has been completed and approved, then you can start trading crypto assets . However, before carrying out the process of buying and selling assets at Zipmex, you must make a deposit first.

The deposit process can be done via e-wallet such as DANA, ShopeePay, and OVO. In addition, the deposit process can also be done through the BNI Virtual Account, BCA, Permata, and Mandiri Virtual Account.

To find out how to deposit rupiah to a Zipmex account, you can open this link .

4. How to buy crypto assets with Rupiah and USDT on Zipmex

At Zipmex, there are two ways you can choose to buy crypto assets, namely through the website http://trade.zipmex.com/id or an application that can be downloaded from the App Store or Play Store.

Below is how to buy crypto assets through the Zipmex app.

  • Login to the Zipmex application. In the menu bar on the first page, you can click “Trader”, which is a blue circle.
  • Next, you can click “Buy Assets.”
  • Select the desired trading pair . For example, BTC/IDR or BTC/USDT.
  • Select the type of order you want to use; market order or limit order.
  • Enter the amount of the asset and the amount you want to buy. Click “Confirm.”
  • Later, you will see a pop up containing the transaction details. If it is correct, click the “Confirm Order” button.
  • Safe! You have successfully purchased crypto assets on Zipmex.

5. How to sell crypto assets with Rupiah and USDT on Zipmex

Similar to the buying process, to sell crypto assets on Zipmex, you can go through http://trade.zipmex.com/id and the application. Below is how to sell crypto assets through the Zipmex app.

  • Log in to your Zipmex app. In the menu bar, you can click “Trader”, which is a blue circle.
  • Klik “Sell Assets.”
  • The next step, select the desired trading pair . For example, BTC/IDR or BTC/USDT.
  • Select the type of order you want to use; market order or limit order.
  • Enter the amount and nominal of the asset to be sold. Click “Confirm.”
  • Check the transaction details carefully. If it is appropriate, click the “Confirm Order” button.
  • Safe! You have successfully sold crypto assets on Zipmex.