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How to Play Crypto Legally and Profitably

 How to Play Crypto Legally and Profitably - How to play crypto starts with opening an account at a Crypto Asset Commodity Trader. Once an account is created, customers can conduct crypto transactions that Bappebti supervises.

Cryptocurrency is a digital currency for online transactions over a network consisting of a chain of computers.

Its function is to approve cryptocurrency exchanges and prevent duplication of the same transactions. How crypto works uses blockchain as a transaction medium.

According to the book Cryptocurrency Trading Guide by George Protonotarios, blockchain is an open-source decentralized technology.

Its function is to verify and record all transactions through the use of a public ledger.

After completing a certain number of transactions, the blockchain generates a new block.

Each blockchain process is executed using a network of computers numbering in the millions.

When all agree, a block becomes a permanent link in the blockchain.

The use of cryptocurrencies requires a cryptocurrency wallet or crypto wallet.

These wallets can be software with cloud-based services or stored on a computer or smartphone.

Crypto wallets serve to store encryption keys in confirming a user's identity and linking to a cryptocurrency.

The trend of cryptocurrencies is now increasingly popular.

Citing Fortune publications, the cryptocurrency market surged to an all-time high and reached a market capitalization of $3 trillion on Nov. 9, 2021.

Bitcoin, Ethereum, and Ethereum 2 topped the top three rankings with the largest market capitalization.

Playing crypto means making cryptocurrency transactions for investments according to applicable rules.

According to The Minister of Economy Letter Number S-302/M.EKON/09/2018, crypto assets remain prohibited as a means of payment.

However, cryptocurrencies can be used as investment instruments to be included as commodities that can be traded on futures exchanges.

Crypto trading in Indonesia is approved and supervised by the Commodity Futures Trading Supervisory Agency (Bappebti).

Check out the following ways to play crypto for legal investment: Prospective customers open an account with Crypto Asset Commodity Traders.

After passing a series of Know Your Customer (KYC) procedures, potential customers can be approved to become investors, so have an account to transact. Customers make transactions through Crypto Asset Commodity Traders (exchangers).

Use a crypto wallet to store encryption keys, which serve to confirm a user's identity and link to a cryptocurrency. Choose the type of cryptocurrency for investment.

Arrange strategies according to preferences in order to get profits.

Make payments according to the desired method. All transaction data from Crypto Asset Commodity Traders, Futures Clearing Houses and Depository Managers to Futures Exchanges will be reported as price references and market supervision.