How to Sell Bitcoin and Ethereum on Various Indonesian Crypto Platforms?

Bitcoin (BTC) and Ethereum (ETH) are two examples cryptocurrencies the most popular in the crypto market in Indonesia. This is because selling these two assets at the right time can provide quite large profits. Of course, there are many more cryptocurrencies other things you can choose to diversify your assets.

Many novice investors have succeeded in buying Bitcoin and Ethereum, but are still confused about how to make the transaction. In fact, selling crypto or converting it to IDR is actually quite easy to do, especially if you use an application crypto trading which is quite popular in Indonesia.

How to Profit from Selling Digital Assets

Like shares and various other investment commodities, digital assets such as cryptocurrencies and NFTs also have price fluctuations. Therefore, there is no need to be surprised or panic if you see the price of the assets you own increasing or decreasing. These two things are actually the benchmark for determining when is the right time to sell BTC or crypto whatever you have.

You probably already know that it is best to buy crypto assets when prices are low. So, conversely, the ideal time to sell is when prices are high. For this reason, you need to be diligent in checking crypto exchange movements every day. Sales can also be carried out if the asset no longer has good potential to be maintained.

One more important thing is to make sure to buy and sell only on platforms that are officially registered with Bappepti. Apart from being safe, this also guarantees you get the best price for the BTC and ETH assets you own.

Sell Crypto Assets on Indodax

At Indodax, you can buy and sell digital assets markets IDR and USDT. This platform also provides an instant buying and selling feature to make it easier for investors, especially those who are beginners. The steps are not difficult. To ensure that your sales transaction can make a profit, try checking today's exchange price first in the application or click following link to check prices on the Indodax site directly.

How to Sell Coins

1. Open the main menu on the left, and click “Instant Buy/Sell”
2. Select BTC, ETH, XRP, or other cryptocurrency that you want to sell.
3. Enter the nominal amount of the asset you want to sell. The minimum transaction is IDR 10,000.00 for the IDR market and 1 USDT for the USDT market.
4. The screen will show information on market price calculations real-time.
5. Make sure the transaction details are correct, then click "Continue" if you're sure.
6. A page will appear informing you that the sales process has been successful.
7. The cash balance in your account will increase according to the value of successful sales.

Transaction Fees for Withdrawals to Rupiah Currency

Selling digital coins instantly on Indodax in the IDR market tends to be a little more expensive than if you do it in the USDT market. To be precise, the transaction rate is 0.30% in IDR and 0.27% in USDT. The rate is the taker rate and includes Final Article 22 Income Tax of 0.1%.

You can then cash out your cash balance at Indodax to various bank accounts and e-wallets such as LinkAja, OVO, Dana, Shopeepay, Gopay, and even telephone credit. The withdrawal rate is IDR 12,500.00 if the balance withdrawn is still below IDR 100,000,000.00. Above this balance, withdrawals will be charged at a rate of IDR 50,000.00.

Sell Crypto Assets at Tokocrypto

Checking the prices of BTC, ETH and other currencies on the market that day can be done by opening the Tokocrypto application or this link. To sell assets, you can do it either through the application or website. The steps are more or less similar and equally easy.

How to Sell Coins

1. Open menus "Exchange"
2. Select the type of crypto asset you want to sell.
3. Enter the nominal amount and click the “buttonSell" under.
4. Wait until the screen shows the status "Success"
5. The transaction will be entered into the Order Book.
6. Once successful, the sales report will go to “My 24 hour order history”
7. Your account balance will increase according to the value of your sales in IDR.

Transaction Fees for Withdrawals to Rupiah Currency

Sale cryptocurrencies or assets blockchain Others at Tokocrypto will be subject to Article 22 Final Income Tax of 0.1% and transaction fees whose value changes, depending on the time of the transaction and the type of cryptocurrency being traded. To be more accurate, you can check it directly on following link.

Tokocrypto balance withdrawals can only be made to bank accounts, not e-wallet accounts. The fare is only IDR 10,000.00. This process can take up to 15 minutes, and the funds will enter your bank account within 1×24 hours outside of holidays.

Sell Crypto Assets at Ajaib Crypto

Ajaib Crypto is another example of an application crypto trading which is quite safe for buying and selling Bitcoin, Ethereum, and cryptocurrencies other. Changes in asset prices can be seen in the Ajaib Crypto application which is available on Android and iOS. Unfortunately, this platform does not yet have a website page that shows a list of crypto asset prices in IDR directly.

Uniquely, the process of selling Bitcoin and Ethereum assets in this application is available in two methods for you to choose from, namely Market Orders And Limit Orders. The steps are quite similar. The difference is, on Market Orders, the selling price will follow the market price at that time. Transactions will occur instantly. Meanwhile on Limit Orders, you can determine the selling price as you wish, but the sale will not be completed immediately. The transaction will be successful when changes in the price of crypto assets on the market match the price you want.

How to Sell Coins

1. Select Bitcoin or currency crypto others on your application account portfolio page.
2. Click "Sell" then select “Market Orders” or “Limit Orders”
3. Enter the nominal amount of crypto you want to sell.
4. For options “Limit Orders”, also enter the price you want.
5. Make sure the sales details listed are correct, then click "Sell" if you're sure.
6. The screen will show successful information if the sale has been completed.
7. The sales proceeds will appear in the balance in Rupiah fiat currency.

Transaction Fees for Withdrawals to Rupiah Currency

Selling crypto assets on Ajaib Crypto will be subject to Article 22 Final Income Tax of 0.1% as well as a broker (maker/taker) rate of 0.111% which includes VAT on broker fees. For novice investors, the rates are flat and light like this tends to be more comfortable and profitable.

Sell Crypto Assets in Pluang

As a platform registered with Bappepti, Pluang guarantees security in selling Bitcoin, Ethereum, or other blockchain-based assets available there. The sales proceeds will be stored in your Pluang cash balance which you can later withdraw to your bank account or use to buy other assets. Before making a sale, you can check the list of asset prices in IDR on today's market first via the main page on the Pluang application or you can also via the website on this link.

How to Sell Coins

1. Select the crypto asset you want to sell

2. Click the “buttonSell" under
3. Enter the nominal amount of the asset you want to sell. The minimum is IDR 5,000.00.
4. Click “Continue”
5. Check the sales details again. There are 6 seconds available before the price changes. If 6 seconds have passed, you need to refresh the page to get the latest price.
6. If you confirm the transaction details, swipe up to sell.
7. Sale complete. The screen will show success status.
8. The cash balance in the account will increase according to the value of successful sales.

Transaction Fees for Withdrawals to Rupiah Currency

Crypto sales on Pluang will be charged floating spreads buy and sell (bid-ask). Spreads is the difference between the purchase price (bid) and sell (ask), the value of which changes according to market conditions and the assets being traded. You will also be subject to Article 22 Final Income Tax of 0.1%, as well as fees for withdrawing your balance to your bank account. Currently, Pluang does not provide balance withdrawal services to e-wallets.

The process of withdrawing your balance to your bank account takes around 1-3 working days (excluding Saturdays, Sundays and National Holidays). this service FREE for the first withdrawal every month and the fee is IDR 4,500.00 for subsequent withdrawals.

Sell Crypto Assets on Luno

Buying and selling crypto on Luno is also guaranteed to be safe because this application is included in the list of brokers permitted to operate by Bappepti. The buying and selling steps are very practical and fast. This platform can be accessed via the website or application available on Android and iOS.

For ease of investment, the Luno site provides a special page for each type of crypto coin traded. On this page, you can check market prices directly real-time along with related information cryptocurrencies the. For example, here is page for bitcoin. Please select currency crypto others as needed.

How to Sell Coins

1. Open Wallet on your account.
2. Click “Sell” or "Sell"
3. Select BTC, ETH, XRP, or type crypto anything else you want to sell.
4. Make sure you select IDR Wallet so that the sales proceeds are entered as a Rupiah balance.
5. Click “Confirm” and enter the PIN number if the data is correct.
6. The screen will show success status.

Transaction Fees for Withdrawals to Rupiah Currency

Selling Bitcoin or Ethereum assets via a Luno account will incur a total fee of 1.1%. This rate flat, which means the value will not change at any time for any type of cryptocurrency. This rate includes broker fees, broker VAT, as well as Article 22 Final Income Tax of 0.1%. Withdrawing funds from your Luno wallet to a bank account will be subject to a fee of IDR 15,000.00 for whatever type of bank you choose.

FAQs

Can you buy and sell Bitcoin to other crypto coins?

Trading or converting assets from one type of crypto coin to another can be done at Indodax, Tokocrypto, and Ajaib Crypto. Unfortunately, Pluang and Luno do not yet have feature support like this.

Is it possible for my funds to be transferred to my account before 24 hours?

The speed of the sales process and cash disbursement depends on several factors. It is possible that the process can be completed in a matter of minutes or hours, but this is not certain.

Which platform is the best for investing in crypto?

Each platform has advantages and disadvantages, as well as varying support and services. Make sure you choose a platform that suits your conditions and needs.

Can you buy and sell crypto directly at the bank?

Currently, there are no conventional banks that provide services for buying and selling crypto assets. Therefore, you need to choose one of the brokers and applications above to do this.