BTC IDR or BTC USDT: Which is Right for Your Bitcoin Investment?

Bittime  -  Choosing the right trading pair to buy Bitcoin (BTC) is an important step in your investment journey. The two main options available in Indonesia are BTC IDR (using Rupiah) and BTC USDT (using Tether). Each has advantages and disadvantages that need to be considered before you decide.

What is BTC or Bitcoin?

Bitcoin (BTC) is a crypto asset, or decentralized digital asset introduced in 2009 by Satoshi Nakamoto, where Bitcoin has no physical form and is only a balance stored in a public ledger called a blockchain. Bitcoin transactions are verified and protected by a global peer-to-peer network without the need for intermediaries such as banks or financial institutions.

Also Read: Buy Bitcoin Before or After the Halving? Here's the Guide!

Advantages and Disadvantages of BTC/IDR

Advantages of BTC/IDR

• More Convenient: For Indonesian investors, purchasing with Rupiah is more familiar and easy to understand.
• Clearer Regulations: Transactions using Rupiah follow Indonesian banking regulations, providing security and transparency.
• Multiple Profit Potential: If the Rupiah strengthens against the US Dollar, you can get additional benefits from the appreciation of the Rupiah value.

Also Read: Bitcoin Analysis: The Influence of the United States Election on Bitcoin Prices

Lack of BTC/IDR

• Higher Spreads: Platforms that offer BTC/IDR pairs generally have higher spreads (difference between buying and selling prices) than BTC/USDT.
• Lower Liquidity: BTC/IDR trading volumes are generally lower, so transaction processing can be slower.
• Limited Platform Options: Not all Bitcoin buying and selling platforms in Indonesia offer BTC/IDR pairs.

Advantages and Disadvantages of BTC/USDT

Advantages of BTC/USDT

• Lower Spreads: Platforms that offer BTC/USDT pairs usually have lower spreads, saving on transaction costs.
• High Liquidity: The BTC/USDT pair has a high trading volume, making transactions faster and easier.
• Global Platform Access: Almost all international Bitcoin buying and selling platforms offer BTC/USDT pairs.

BTC/USDT shortage

• Additional Transactions: Requires Rupiah to USDT conversion before purchasing Bitcoin, adding steps and fees.
• Unclear Regulations: Regulations for the use of cryptocurrencies such as USDT in Indonesia are still not as clear as the Rupiah.
• Exposure to USDT Fluctuations: The value of USDT is pegged to the US Dollar, however if there is doubt regarding its US Dollar reserves, the value of USDT could be devalued.

Also read:

Trading Strategy and Risk Management for BTC/IDR and BTC/USDT

Bitcoin (BTC) Trading Strategy

• Fundamental Analysis: Understand the economic and political factors that can influence the price of Bitcoin.
• Technical Analysis: Use indicators and chart patterns to predict price movements.
• Diversification: Don't put all your eggs in one basket, invest in a variety of assets.
• Dollar-Cost Averaging: Purchase Bitcoin periodically in equal amounts to reduce risk.

Check Crypto Prices Today:

Bitcoin (BTC) Trading Risk Management

• Stop-Loss: Use stop-loss orders to limit your losses.
• Take-Profit: Set realistic profit targets.
• Trailing Stop: Automatically adjust your stop-loss as Bitcoin price rises.
• Money Management: Only invest funds you can afford to lose.

Bitcoin Buying and Selling Platform

Platform Local: Bittime: https://bittime.com/

Bitcoin Tax in Indonesia

Referring to Minister of Finance Regulation (PMK) Number 68/PMK.03/2022,  Value Added Tax and Income Tax on Crypto Asset Trading Transactions :  

• Subject to VAT & Final PPH tax of 0.11% & 0.1% respectively for buying and selling bitcoin with BTC/IDR
• Subject to VAT & Final PPH tax of 0.21% & 0.2% respectively for buying and selling bitcoin with BTC/USDT 

Minimum Buy Bitcoin 

Starting from 10 thousand rupiah, you can buy bitcoin on Bittime in the BTC/IDR & BTC USDT market  

Other Factors to Consider Before Bitcoin (BTC)

• Investment Goals: Are you investing long term or short term?
• Risk Tolerance: How much risk are you willing to take?
• Platform Fees: Compare trading and withdrawal fees on different platforms.
• Payment Method: Select the platform that offers your desired payment method.

Tips for Choosing the Right Bitcoin (BTC) Trading Pair

• Understand the strengths and weaknesses of each partner.
• Consider your investment goals, risk tolerance, and platform fees.
• Compare Bitcoin buying and selling platforms and choose the one that best suits your needs.
• Diversify your portfolio by investing in different assets.
• Do market research and analysis before trading.

It is important to remember that the cryptocurrency market is highly volatile. Always invest money you can afford to lose and do your own research before making a decision.

Conclusion:

Choosing the right trading pair for your Bitcoin investment is an important decision. Understand the advantages and disadvantages of BTC/IDR and BTC/USDT, consider other factors, and do your own research before making a decision.

How to Buy Bitcoin (BTC) on Bittime

You can buy and sell BTC tokens in an easy and safe way via Bittime. Bittime is one of the best crypto applications in Indonesia which is officially registered with Bappebti. BTC is available on Bittime with BTC IDR  and BTC USDT pairing

To be able to buy BTC/IDR tokens on Bittime, make sure you have registered and completed identity verification. Apart from that, also make sure that you have sufficient balance by depositing some funds into your wallet. For your information, the minimum purchase of Bittime assets is IDR 10,000. After that, you can make BTC purchases in the application. Learn Complete Guide How to Buy BTC on Bittime. 

Monitor the movement of  Bitcoin (BTC) , Ethereum (ETH) , Solana (SOL) and other crypto charts to find out today's crypto market trends in real-time on Bittime. 

Read Also:

Bitcoin Analysis: The Effect of the United States Election on Bitcoin Prices

BTC IDR: According to JPMorgan Bitcoin Price Pressure Starts to Decline Due to GBTC Selling

Get to know what the Bitcoin halving is & note the date

DISCLAIMER: This article is informational in nature and is not an offer or invitation to sell or buy any crypto assets. Trading crypto assets is a high-risk activity. Crypto asset prices are volatile, where prices can change significantly from time to time and Bittime is not responsible for changes in fluctuations in crypto asset exchange rates.