BTC/IDR

BTC/IDR

Why is the BTC to IDR pair important to traders?

BTC to IDR is a very popular crypto-to-fiat pair in Indonesia and abroad. Since its inception in 2009, Bitcoin – the base currency of this pair – has proved to be the world’s top cryptocurrency in terms of market capitalisation and cost. The pair’s counter currency – Rupiah – is the official national currency of Indonesia. According to Bloomberg, Indonesian Rupiah can take the crown as Asia’s strongest currency in 2020.

 

The crypto market, including Bitcoin, is extremely volatile, which provides huge potential for speculation. Observing the popularity of BTC to IDR exchange transactions, there are immense opportunities for traders to profit from the pair’s trade.

 

BTC to IDR trading: the ultimate way to invest in Bitcoin

Although the volume of BTC to IDR crypto-to-fiat currency pair is much lower than BTC to USD, Bitcoin to IDR trading is steadily growing. The ultra-volatile nature of BTC/IDR makes it a strong alternative to traditional Forex markets. 

 

Bitcoin traders can always profit from BTC price swings. You can either go long or short, depending on Bitcoin to IDR price movement, and benefit from the price difference.

 

Proven to be a lucrative investment, Bitcoin consolidates its position as the world's top cryptocurrency. With a remarkably strong start of 2020, investors share a bullish view on Bitcoin price future. Convert BTC to IDR at Currency.com and trade it with 100x leverage and tight spread.

 

Why trade BTC to IDR with Currency.com

Advanced charts and tools

Access to 70+ technical indicators and analysis tools, powerful charts, real-time price alerts and notifications.

 

Crypto to cash. Seamlessly

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Do more with less

Stop paying more to trade BTC. Start with as little as 0.002 BTC and enjoy the power of 100x leverage. 

 

Smooth trading experience

Instantly buy tokenised assets with Bitcoin and at competitive prices. Store your holdings safe and transfer with ease.

 

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Bitcoin overview

Bitcoin was launched in 2009 as a new type of digital currency. Through the years, it has gradually gained worldwide popularity to become the most widely-accepted crypto in the market. Today, it remains its strong position at the forefront of the industry, serving as the gold standard for emerging projects.

 

Due to its decentralised nature, BTC transactions do not require a middleman, meaning no banks or other authorities are involved. In addition to being an alternative payment network and a store of value, Bitcoin offers colossal opportunities for traders.

 

Quick facts about Bitcoin:

 

Founded in 2009, it is the first decentralised cryptocurrency;

Bitcoin is considered both a commodity and a currency;

It is a brainchild of a mysterious person or group known as “Satoshi Nakamoto”;

The first Bitcoin transaction was made in May 2010 to buy 2 Papa John’s pizzas;

Bitcoin ATMs are now available worldwide;

The maximum number of bitcoins is 21 million;

80% of all bitcoins have already been mined.

 

In April 2010, Bitcoin was launched at BitcoinMarket.com, the first cryptocurrency exchange, at a starting price of $0.0025 (Rp 34.38. The digital coin was quick to attract a lot of attention from the emerging crypto community, with the BTC price surging to generate more than a thousand per cent earnings to its initial owners. 

 

As the cryptocurrency is not tied to any particular country or region, domestic and geopolitical factors can have less of an impact on the value of Bitcoin. Instead, you should keep an eye on its demand, adoption rates, regulations and market sentiment.

 

This Bitcoin price chart shows BTC/MYR price rate in real-time. Analysts expect 2020 to be an important year for Bitcoin, making positive forecasts regarding the Bitcoin to MYR price.

 

IDR overview

In the Bitcoin to Rupiah pair, BTC is the base currency and the IDR is the counter currency, which means the BTC/IDR chart shows how much Bitcoin is worth as measured against the Indonesian Rupiah. 

 

Indonesia is a Southeast Asian country, which is made up of small islands. The currency of Asia's most populous nation is often informally called the “perak”, which is Indonesian for silver.

 

Analysts believe, the Indonesian Rupiah has good chances to outperform its peers and top the league of Asian currencies in 2020. Last year the Rupiah was third, after the Thai Baht and the Philippine peso. This year, the IDR extends its gains, rallying to its highest levels on the improved outlook for Southeast Asia’s largest economy and growing risk appetite from global investors.

 

Those interested in the BTC/IDR pair trading should keep a close watch of crypto market news and the Bank of Indonesia releases regarding interest rates and monetary policy changes. 

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BTC/IDR price history

Date Close Change Change(%) Open High Low
Jun 28, 2022 307716236.84 1188641.64 0.39% 306527595.20 308301995.64 304104386.22
Jun 27, 2022 306522404.09 -6450198.29 -2.06% 312972602.38 317667655.20 304173052.08
Jun 26, 2022 311816587.17 -5065043.23 -1.60% 316881630.40 317160849.63 311465833.80
Jun 25, 2022 315905472.80 1214990.31 0.39% 314690482.49 316230739.94 313325368.73
Jun 24, 2022 314407337.07 1904976.38 0.61% 312502360.69 318923062.18 307740107.47
Jun 23, 2022 312757138.36 16056313.94 5.41% 296700824.42 314122890.70 295477364.31
Jun 22, 2022 295988129.59 -10288200.55 -3.36% 306276330.14 309088059.73 293162152.11
Jun 21, 2022 306435456.92 2120904.40 0.70% 304314552.52 320663164.25 300364778.98
Jun 20, 2022 305543155.76 9488448.07 3.20% 296054707.69 310665443.25 292930459.90
Jun 19, 2022 304219256.79 2152793.25 0.71% 302066463.54 306796745.00 300419153.84
Jun 18, 2022 300969156.47 -465604.26 -0.15% 301434760.73 305897681.09 299437919.92
Jun 17, 2022 301373007.05 1359374.23 0.45% 300013632.82 315908330.31 297922660.25
Jun 16, 2022 299883303.57 -31673323.47 -9.55% 331556627.04 336877278.52 298220474.37
Jun 15, 2022 331142845.94 6281966.80 1.93% 324860879.14 334579448.32 295648411.77
Jun 14, 2022 326121655.05 -3191672.75 -0.97% 329313327.80 338907403.58 306747070.90
Jun 13, 2022 329514614.66 -43953999.67 -11.77% 373468614.33 383630026.84 321342933.48
Jun 12, 2022 387883852.42 -9768051.56 -2.46% 397651903.98 399855029.24 387495188.96
Jun 11, 2022 424579992.32 2725208.05 0.65% 421854784.27 425102567.66 421214671.87
Jun 10, 2022 421937844.18 -15966961.90 -3.65% 437904806.08 441910828.85 418756058.43
Jun 9, 2022 436956626.80 623300.67 0.14% 436333326.13 445026329.35 434777369.62