Comprehensive Guide to Tokocrypto: Features, TKO Token, and More

Setting Up Your Tokocrypto Account

Creating an account on Tokocrypto is a simple and straightforward process. Here’s how to get started:

Step 1: Sign Up

Visit the Tokocrypto website or download the app. Sign up using your email or mobile number, or log in with your Binance credentials. If you sign in through Binance, you’ll need to set up a separate password for your Tokocrypto account.

Log in via Binance or Tokocrypto login

Step 2: KYC Verification

Regardless of your sign-in method, you must complete the KYC verification. You’ll start by indicating whether you’re an Indonesian citizen or a foreign national.

Start KYC verification on Tokocrypto

Step 3: Face Verification

Continue the KYC process with face verification. Use your device's camera to capture your image, which Tokocrypto will analyze for verification purposes. Ensure you remove accessories like glasses or masks for this step.

Complete face verification on Tokocrypto

Step 4: Document Upload

Upload a government-issued ID along with any other necessary documents as requested. Make sure all details match your ID to avoid processing delays. The exchange will notify you once verification is complete, and may require re-verification if there are issues.

Did you know? Implementing Anti-Money Laundering (AML) compliance can cost financial institutions billions annually. In the U.S., firms spend approximately $25.3 billion each year on compliance.

How to Deposit Crypto on Tokocrypto

To deposit cryptocurrency into your Tokocrypto wallet, follow these steps:

Tap the “Wallet” button located at the bottom of the homepage.
Select “Deposit.”
Ensure you choose the correct network for your crypto transfer. For example, select Bitcoin for BTC deposits.
Obtain your unique deposit address to send cryptocurrency.

The exchange will inform you about minimum deposits and estimated arrival times.

Deposit crypto in Tokocrypto, step 1

How to Withdraw Crypto from Tokocrypto

To withdraw cryptocurrency, use the following process:

Tap the “Wallet” button on the homepage.
Select “Withdraw.”
Choose the specific cryptocurrency to withdraw (e.g., BTC or ETH).
Select the appropriate network for the transfer.
Enter your unique withdrawal address.
Confirm the withdrawal, checking all details before finalizing.

Withdraw crypto on Tokocrypto, step 1

Did you know? By the end of 2023, Indonesia had around 18.51 million registered cryptocurrency investors, indicating rapid growth in the crypto space.

How to Deposit Indonesian Rupiah (IDR) in Tokocrypto

Tokocrypto enables IDR deposits through the Blu payment method by BCA Digital. The process is seamless, as it can be completed directly in the Tokocrypto app:

Create an account with BCA Digital.
Link your Tokocrypto account with BCA Digital.
Click on “Wallet” on the homepage, then select “Deposit.”
Choose Blu by BCA Digital as your payment option.
Enter the deposit amount, with a minimum of Rp 50,000 and a maximum of Rp 100,000,000.
Use your Blu PIN to authorize the payment.

Purchasing TKO on Tokocrypto

To buy TKO on Tokocrypto:

Sign in to your account.
Deposit funds in IDR or any cryptocurrency (like BTC or ETH).
Navigate to the “Markets” section, searching for the trading pair (TKO/IDR for IDR deposits, TKO/BTC or TKO/ETH for crypto deposits).
Select the pair to access the order book and choose either a “Market” or “Limit” order to execute your purchase.
After completing your purchase, consider transferring TKO to a secure external wallet.

IDR pair on Tokocrypto

Referral Program

Tokocrypto offers a referral program that lets you earn commissions when your friends trade on the platform:

Eligibility: Complete KYC verification to join.
Commission Rates: Get up to 20% commission on trades made by your friends, which can increase to 50% based on activity.
Payouts: Commissions are calculated and credited to your account every hour.

Referrals on Tokocrypto

Security Features at Tokocrypto

In collaboration with Binance, Tokocrypto has implemented a multilayered security system that includes:

Two-Factor Authentication (2FA): Options like Google authentication and SMS verification enhance account protection.
Device Management: Actively manage devices that access your account for added security.
Anti-Phishing Codes: Helps identify legitimate communications from Tokocrypto.
Account Activity: Notifications on account access, allowing you to take action if suspicious activity is detected.
Address Management: Save and manage addresses with optional whitelisting to restrict withdrawals.
Password Reset: Easily reset your password to improve security.

Did you know? The Chainalysis Crypto Crime 2023 Report indicated that around 48.3% of ransomware funds flow into centralized exchanges.

Trading Tools and Analytics

Tokocrypto provides a range of tools and analytics to support both beginner and experienced traders:

Access real-time market data and advanced charting tools.
Use customizable indicators to analyze market trends and set alerts.
Execute precise trading strategies with limit and stop orders while benefiting from extensive market insights and reports.

Advantages of Using Tokocrypto

Some of the platform's benefits include:

Strong security measures with client funds stored in cold wallets.
Multiple trading strategies are available for users.
Quick account registration and verification.
24/7 customer support via chat and messaging apps.
An attractive affiliate program with regular promotions and contests.

Disadvantages of Tokocrypto

Some limitations to be aware of:

The platform currently does not offer leveraged trading.
Fiat currency trading is restricted to Indonesian rupiah.
Users must maintain a trading volume of at least 0.5 BTC to qualify for reduced exchange fees.

Future Outlook

As of November 10, 2023, Tokocrypto holds the position of Indonesia's largest crypto exchange, commanding a 43% market share, closely followed by Indodax at 42%. Tokocrypto is set for further growth, with plans to broaden its DeFi offerings, enhance educational resources, and form strategic partnerships, both locally and internationally. The exchange aims to continuously innovate in user experience and security to uphold its market leadership.

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