The Complete Crypto Asset Investment Guide: How to Buy, Hold, and Sell

Edukasi - Posted on 02 October 2024 Reading time 5 minutes

DIGIVESTASI - Investing in crypto assets such as Bitcoin, Ethereum, and Solana has become increasingly popular in recent years along with the sharp increase in the price of these assets. Many people are interested in jumping into the crypto world because of the huge profit potential. However, behind these opportunities, the accompanying risks cannot be ignored. Therefore, it is important for beginners to understand how to invest in crypto wisely in order to mitigate the risks.

 

Choosing an Exchange Platform to Buy Bitcoin  
The first step in investing in crypto assets is choosing a safe and trusted exchange platform. Some popular exchanges in Indonesia that can be chosen include:  
1. Indodax  
2. Tokocrypto  
3. Binance  
4. Door


Here are some important guidelines that can help you start your crypto investment journey safely:

1. Create an Account: Register on the exchange platform of your choice. This process usually requires personal data and identity verification (KYC) to comply with regulations.
   
2. Identity Verification: After signing up, verify your identity by submitting documents such as your ID or passport.

3. Rupiah Deposit: Once verification is complete, deposit Rupiah into your exchange account through various payment methods available, such as bank transfer or e-wallet.

4. Purchase Crypto: Once the balance is filled, you can buy crypto according to the desired amount and price. You can buy at the market price (market order) or set your own price (limit order).

5. Storing Crypto: After purchase, make sure your crypto is stored safely. Some storage options are:
   - Exchange Wallet: A wallet provided by the exchange platform, though it is vulnerable if the platform is hacked.
   - Private Wallet: For more security, move your crypto to a personal wallet such as a software wallet (app wallet) or hardware wallet (physical wallet) like Ledger or Trezor.
   - Paper Wallet: Physical paper wallets contain private keys, but the risk of loss or damage is high.

6. Selling Crypto: If you want to sell your crypto, you need to transfer it back to the exchange and sell it at the market price or at a price you set. After a successful transaction, the Rupiah will be credited to the exchange account, which can then be withdrawn to a personal bank account.

 

Crypto Investing Tips:
- Understand the volatility of crypto assets, which can change rapidly.
- Do not invest all your funds in crypto, allocate a small portion to reduce risk.
- Enable two-factor authentication (2FA) for added security.
- Diversify your portfolio with different types of crypto assets or other financial instruments.

Understanding how exchanges work, storing crypto safely, and proper buying and selling strategies are key to maximizing returns while minimizing risks in crypto investing.


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Source: bisnis.com

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