Bitcoin.co.id is Indonesia’s largest Bitcoin marketplace for users to buy and sell Bitcoin with Rupiah

Country: Indonesia bitcoincoid
Year: 2013

Concept

  • Bitcoin.co.id. (aka Bitcoin Indonesia) initially started as a platform to educate Indonesians on Bitcoin and cryptocurrencies as well as acting as a reliable source for the general public to obtain the latest news on the development of Bitcoin
  • Currently Bitcoin Indonesia provides a trading platform for users to buy and sell Bitcoin with Rupiah.
  • With over 50,000 users as of 2015, it is currently the largest Bitcoin Exchange in Indonesia
  • Bitcoin Indonesia plans to expand to offer payment gateway and remittance services to Indonesians to take advantage of the low banking rate versus high telecommunications penetration rate in Indonesia

Consumer Benefits

  • Security: Users’ accounts are protected with Multifactor Authentication, requiring a combination of e-mail and SMS verification along with Google Authenticator pin requirements
  • Fast processing time: Rupiah deposit can be processed instantly and Rupiah withdrawal from the account takes only one working day
  • Accessibility: Bitcoin Indonesia allows users to buy, sell, trade Bitcoin with a PC, tablet or smartphone. They also provide a 24/7 online support team
  • Low remittance rates for foreign Indonesians: Bitcoin Indonesia plans to offer remittance services to allow Indonesians abroad such as domestic helpers to remit money back to their home country with much lower rates than traditional methods

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