How to Buy Bitcoin (BTC) Using USD on Bittime

Many investors are looking for how to buy Bitcoin (BTC) using USD, especially since global Bitcoin prices are usually displayed in US Dollars.

However, in Indonesia, the BTC purchasing mechanism is slightly different than on foreign exchanges. Nevertheless, you can still gain USD-based Bitcoin exposure legally and conveniently.

This article will discuss what Bitcoin is, the current BTC price, how to buy Bitcoin using USD indirectly on Bittime, and tips for storing BTC safely.

Key Takeaways

• Bitcoin (BTC) is a decentralized crypto asset with a global value based on USD.
• On Indonesian exchanges, BTC purchases using USD are made via USDT or USDC pairs.
• Bittime provides an easy BTC buying process and is suitable for beginners.

What is Bitcoin (BTC)?

Bitcoin (BTC)is a decentralized crypto asset that was first introduced in 2008 through a whitepaper by a mysterious figure named Satoshi Nakamoto. It was officially launched in January 2009 and became a pioneer in the modern crypto world.

Unlike conventional currencies, Bitcoin is not controlled by a central bank or government. All transactions are recorded on the blockchain network and take place anonymously.peer-to-peer, without third party intermediaries.

This concept makes Bitcoin a major innovation in the global digital financial system.Over time, Bitcoin has grown to become the crypto asset with the largest market capitalization and is often considered “digital gold” by many investors.

BTC Price Today

Based on the latest chart, BTC price today is trading at $76.000. In the last seven days, the price of BTC has been recorded as falling by around13,10%, but still slightly better than the performance of the global crypto market which experienced a decline of around13,80%.

Historically, Bitcoin all-time high is at $126,080, while all-time low is recorded at $67.81. Currently, BTC is still around 39% below its highest price, a condition that is often considered an accumulation area by some investors.

Can You Buy Bitcoin (BTC) Using USD in Indonesia?

Technically, you cannot directly buy Bitcoin using USD on Indonesian exchanges, because transactions must use Rupiah in accordance with regulations. 

However, there is a commonly used and legally compliant solution, which is through USD-based stablecoins. Stablecoins such as USDT (Tether) and USDC have a value pegged 1:1 to the US Dollar. 

In other words, buying BTC using USDT or USDC is equivalent to indirectly buying BTC with USD.

How to Buy Bitcoin (BTC) Using USD on Bittime

At Bittime, you can use a pair of BTC/USDTto simulate purchasing Bitcoin using USD.

Here's how to buy Bitcoin (BTC) using USD on Bittime:

1. Register and Verify Bittime Account

Download the Bittime app from the Play Store or App Store. Register using a valid email address, then complete the identity verification (KYC) process to fully utilize your account.

2. Deposit Rupiah

Go to the wallet menu, select Rupiah deposit, and choose an available payment method. Bittime allows deposits in relatively affordable amounts.

3. Buy USDT

After the Rupiah balance is entered, open the “Market” menu and buy USDT/IDR. This stablecoin will replace USD in transactions.

4. Enter the BTC/USDT Pair

Once you have USDT, find a pair of BTC/USDT in the “Market” menu.

5. Buy Bitcoin

Select the amount of BTC you wish to purchase, then confirm the transaction. The Bitcoin will be immediately credited to your Bittime wallet.

Tips for Storing Bitcoin Safely

Here are tips for storing Bitcoin safely:

1. Store BTC on Bittime

If you're actively trading, storing BTC directly on Bittime is quite convenient because it's easily accessible and ready to be traded at any time.

2. Use a Personal Wallet

For long-term storage, moving BTC to a private wallet can be a safer option because you have full control over the private keys.

Conclusion

Although you cannot buy Bitcoin (BTC) directly with USD on Indonesian exchanges, you can still gain exposure to BTC prices based on the US Dollar through the BTC/USDT pair or on Bittime. 

This method is legal, commonly used, and relatively easy, even for beginners. By understanding the steps involved, searching for ways to buy Bitcoin (BTC) with USD remains relevant and can be applied practically in Indonesia.

How to Buy Crypto on Bittime

Want to trade sell and buy Bitcoins and easy crypto investing? Bittime is here to help! As an Indonesian crypto exchange officially registered with Bappebti, Bittime ensures every transaction is secure and fast.

Start by registering and verifying your identity, then make a minimum deposit of IDR 10,000. After that, you can immediately purchase your favorite digital assets!

Check the course BTC to IDR, ETH to IDR, SOL to IDR and other crypto assets to find out today's crypto market trends in real-time on Bittime.

Additionally, visit Bittime Blog to get various interesting updates and educational information about the world of crypto. Find trusted articles on Web3, blockchain technology, and digital asset investment tips designed to enrich your crypto knowledge.

FAQ

Is it true that you can't buy BTC directly using USD in Indonesia?

Yes, crypto transactions in Indonesia must be in Rupiah. USD is used indirectly through stablecoins.

What are USDT and USDC?

USDT and USDC are stablecoins whose value is pegged 1:1 to the US Dollar.

Is buying BTC via USDT the same as using USD?

In terms of value, yes. The BTC/USDT price follows the BTC price movement in USD.

Is Bittime safe for beginners?

Bittime is designed with a simple interface and is suitable for new users.

Which is better, storing BTC on an exchange or a personal wallet?

For active trading, exchanges are more practical. For the long term, a personal wallet is more secure.