Fastest Transaction Cryptocurrency Assets on Indodax Market
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7 Fastest Transaction Crypto Assets on the Indodax Market

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7 Fastest Transaction Crypto Assets on the Indodax Market

Fastest Transaction Cryptocurrency Assets on Indodax Market

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If you want to deposit from other marketplaces or platforms to Indodax, there are a number of things you should pay attention to. Here are 7 crypto assets with the fastest transaction cryptocurrency on the Indodax market.

If you are a minor or someone who is actively trading in foreign markets, you certainly want to withdraw your money with a Rupiah balance. This can also be for those of you who want to receive payments from abroad or shipments from your friends.

At Indodax, you can withdraw crypto assets from outside markets by exchanging them for Rupiah and directly entering your account.

The trick is that you can send the same crypto asset to a wallet on Indodax first. After that, you place a sell order or sell the crypto asset. So, you are converting from crypto assets to IDR. Then, you make a withdrawal to your bank account.

However, you should first look at the different shipping terms for each crypto asset. First is the cut. Second, is the time of receipt or transaction time from your external wallet to your Indodax wallet.

Every crypto asset requires confirmation so that it can be transacted from one wallet to another. Typically, the number of confirmations and the duration of the confirmations varies by crypto asset.

Some are fast, some are old. So, you need to pay attention to which crypto assets are fast for transactions. Don’t choose the one that takes a long time.

Because, if the time is too long, the crypto asset price can return. As a result, you can lose, not even gain.

7 Fastest Transaction Cryptocurrency Assets on Indodax Market

Below we will discuss 7 crypto assets with the fastest transactions on the Indodax market that you can use to deposit.

1. Stellar Lumens (XLM)

Stellar Lumens (XLM) is a crypto asset developed by the Stellar Development Foundation. This crypto asset was created by Jed Mc Calleb who also created the Ripple (XRP) crypto asset.

XLM only requires 1 confirmation from each wallet transfer. So, it’s instant, only about 1-2 minutes.

Usually people on crypto forums recommend XLM for transactions between wallets.

So, for those of you who have crypto assets in foreign markets, you can convert XLM in that market and then send it to Indodax. After that, you check your XLM, your XLM will increase instantly.

Then, you sell XLM. After that, then you will withdraw it to your account.

fastest transaction cryptocurrency

2. Ripple (XRP)

Ripple (XRP) is a crypto asset developed by Ripple Labs, which was also founded by Jed Mc Calleb. XRP is a crypto asset that provides fast delivery or transactions.

Just like XLM, XRP only requires 1 confirmation to be deposited into the Indodax wallet.

You can convert your assets to XRP and then send them to your Indodax wallet instantly.

fastest transaction cryptocurrency

3. IDK

IDK is a crypto asset which is a crypto type of stablecoin that presents 1: 1,000 Rupiah. IDK is a crypto asset listed on the Indodax market and the Tokenomy market.

At Tokenomy, IDK is used as a reference for the price of crypto assets such as Bitcoin. It is similar to USDT in overseas markets.

IDk only requires 12 confirmations. Where you only need 5-10 minutes. You can also send money overseas with IDK, taking advantage of the speed of the transaction.

fastest transaction cryptocurrency

4. Tadpole Finance (TAD)

Tadpole Finance (TAD) is an open source crypto asset based on decentralized finance. TAD was first listed in foreign markets such as Uniswap and other markets.

Early February 2021, TAD was listed on Indodax. So, we can exchange the staking results of TAD directly into Rupiah.

It only takes 12 confirmations so that TAD can be sent between wallets. For the duration, you only need to wait about 5-15 minutes.

fastest transaction cryptocurrency

5. Inmax (INX)

INX is a crypto asset or coin from INMAX which is a marketplace. You will not find INX on the Indodax market. It’s just that you can exchange INX from the INMAX platform to the INX wallet on Indodax.

This is because INMAX only provides wallet services on Indodax. INX cannot be traded on Indodax. However, you can directly send INX to the INX wallet on Indodax and cash it in to Rupiah.

You only need 12 confirmations to wait for your INX transaction to your Indodax wallet.

fastest transaction cryptocurrency

6. Tron (TRX)

Tron is a crypto asset that has a business line as a network provider for the birth of new crypto assets on top of its network. It is similar to Ethereum.

Tron certainly presents a service that will outperform Ethereum. In terms of transaction speed, Tron has actually beaten Ethereum.

TRX only takes 20 confirmations. However, the confirmation queue from the blockchain address is quite long. You can wait around 15 minutes to 30 minutes.

fastest transaction cryptocurrency

7. Tether (USDT)

It seems, it is impossible not to write USDT as the largest volume of all existing crypto assets. Although, most of the time, Bitcoin or Ethereum is also the highest volume.

This is because USDT is often used as a trading reference in almost all marketplaces in the world. In fact, including in Indodax.

USD Tether (USDT) is a crypto asset created by a company in Hong Kong. USDT is a presentation in US Dollars which is worth 1: 1 in US Dollars. In fact, the circulation or supply is claimed to be the same as the circulation of dollars.

It only takes 12 confirmations for USDT transfers between wallets. However, due to the large volume and volume of USDT transactions it typically takes about an hour.

However, USDT is also present on Tron’s TRC20 network, apart from Ethereum’s ERC20. If you send via TRC20, it will require 20 confirmations. However, normally the TRC20 network does not take longer than ERC20.

fastest transaction cryptocurrency

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