Bitcoin Trading, These are the Characteristics of the Scam Platform
Many platforms or exchangers for you who want to trade bitcoin. However, you should not choose the wrong platform. Because there are many fake platforms that will run away with your money.
Below we will discuss what are the criteria for a fake bitcoin and crypto trading platform.
Not Getting Legality
If you want to start trading bitcoin, you will find many platforms on the internet and social media. However, you need to check the legality of the company.
Indonesia has set bitcoin and cryptocurrency as investment or trading commodities. In this case regulated by the Commodity Futures Trading Regulatory Agency (BAPPEBTI). However, not many companies in Indonesia are able to obtain legality or registration marks from the government.
In addition, crypto exchangers in Indonesia are also under the auspices of the Indonesian Blockchain Association (ABI).
You can check the legality of the company on the crypto exchanger platform website. In addition, you can also see whether he is a member of ABI or not.
Many modes are carried out by a fake platform that makes you lose. You could be a victim of fraud. There are many ways they can run your money.
There are traders who experience something like this: after the deposit, the money cannot be used on the platform. Then, there is also a mode where a trader cannot withdraw or withdraw his money after he has made a profit.
In addition, there are also many bitcoin trading platform modes whose price movements are not the same. Examples of cases, like this: there is a fake platform that shows the price of bitcoin fell within 24 hours. Apparently, the price of bitcoin actually rose on other platforms. In fact, the price movements of bitcoin and other cryptos are the same throughout the world.
Well, modes like the one above are often done by crypto exchangers. Actually there are many other modes.
The fake platform is not transparent. The platform will not show transparent features such as transaction volume. Usually, they only show price movements. In fact, the bitcoin trading platform or crypto exchanger shows transparently the volume of transactions and market activity. So, we can see how many transactions are bought and transactions are selling. Like the picture below.
Image 1: Sell Market on Indodax
Image 2: Buy Market at Indodax
Image 3: Market Activities at Indodax
Only the official platform shows as shown above. Because bitcoin and cryptocurrency are blockchain products. While the blockchain puts forward the principle of transparency and openness.
It also makes it easier for you to analyze price movements. The above features make it easier for you to make decisions. Because you can see trends where people are more often selling or buying often.
Then, why do you have to trade bitcoin on Indodax? Why not another company?
Because Indodax is a bitcoin and crypto exchange platform with the most members in Indonesia. Already more than 2.1 million members are trading at Indodax. There are 72 cryptos including bitcoin which are traded on Indodax.
Indodax has also obtained it from BAPPEBTI. Indodax became the first crypto asset marketplace company in Indonesia to get two international certifications. Two ISOs that were received by Indodax simultaneously, namely 9001: 2015 and 27001: 2013. With the recognition of the Indonesian government and the international standard they have received, this indicates that Indodax is a trusted crypto asset investment platform company.
Even though the price of crypto assets such as bitcoin can be worth hundreds of millions of Rupiah per coin, but transactions on Indodax are possible starting from 10 thousand rupiah. Indodax is dedicated to members and prospective members to transact crypto assets using Rupiah with the best, fastest, easiest and most secure system.
In addition, Indodax is also active in providing education. Not only to members, but also to the people of Indonesia. You can check Indodax educational content on Indodax official social media.
What are you waiting for? Sign up now to be a member of Indodax and start bitcoin trading!