Exchange

TokoCrypto: An in-depth look at Indonesia’s rising exchange site

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There are only a few exchange sites in existence that have a separate goal on top of being a platform where traders can buy, sell and trade their assets. With TokoCrypto, you will find everything that you will expect from an exchange site but with the added objective of helping Indonesians get a better grasp on the crypto industry. 

On top of that, it also comes equipped with features that both newcomers and veterans can take advantage of such as the Toko Mall and farming pools. If you’re eager to learn more, here’s everything you need to know about Indonesia’s fast-rising exchange site, TokoCypto:

What is TokoCrypto exchange?

TokoCrypto is an Indonesian-based exchange site that was established in June of 2017. It bears strong historical significance as it was the first-ever platform introduced in the country and to this day, it’s one of the leading sites in Indonesia and Southeast Asia.

Although the exchange site is based in Indonesia, it was originally founded by a Singapore native Pang Xue Kai. He initially set the goal of becoming the biggest crypto exchange in Southeast Asia which might be on the horizon thanks to their recent partnership with Binance, the world’s biggest crypto exchange site which was announced last June 2020.

Things you need to know about TokoCrypto

Aside from being a regular exchange site, where users can trade their crypto assets, TokoCrypto exchange comes with other features that set them apart from other platforms. This includes farming pools, a local stablecoin, an NFT marketplace and more, all of which will be tackled below. Learn more about these features:

Cryptocurrency exchange

One of the main reasons why users would want to choose a suitable platform is to have a seamless experience using the site. If it fails in this department, it’s not worth looking into altogether. Thankfully, TokoCrypto comes with a standard interface that professional traders will be familiar with and at the same time allow newcomers to adjust easily without having a hard time navigating it.

In the exchange itself, users are free to choose from the different sections available, namely:

  • Fiat
  • Exchange-Traded Fund (ETF)
  • Binance Coin (BNB)
  • Bitcoin (BTC)
  • Altcoins (ALTS).

Kryptoversity

To further steer away from your typical exchange site, TokoCrypto features a learning module called Kryptoversity. With this feature, users can learn everything they need to know about the industry so they’ll know what to do when they start trading in the market. The app is free and composed of various lessons that traders can read to familiarize themselves with the industry.

Supported tokens

One of the main aspects that TokoCrypto prioritizes is its users and for them to cater to a broader target audience, the site supports a wide selection of tokens. This ranges from the big-name coins to the lesser-known ones which makes it easy for users to trade their owned digital assets with their desired token.

As per CoinMarketCap, TokoCrypto has a roster of around 350 different coins and it includes the following: 

  • Bitcoin (BTC)
  • Ethereum (ETH)
  • Binance Coin (BNB)
  • Tether (USDT)
  • Ripple (XRP).

BIDR

One of the biggest advantages that resulted from the partnership of Binance and TokoCrypto is BIDR, a stablecoin that is based on the Indonesian Rupiah or IDR. This is a great option for traders who don’t want to enter the volatile market of cryptocurrencies since this asset is linked to real-world value.

Ever since it was launched in 2020, BIDR can be traded in TokoCrypto for other cryptocurrencies such as:

  • Bitcoin
  • Binance Coin
  • Ethereum
  • Tether
  • Binance USD.

What is Toko Token? (TKO)

A lot of trading platforms have their native tokens and with TokoCrypto, they make use of Toko Token or TKO. As a native coin, the main use of TKO is to be utilized in transactions inside the TokoCrypto exchange such as withdrawal, deposit and trading fees.

However, TKO serves a greater purpose than just being a token. It’s also used in the following features of the site:

Toko Mall

TokoCrypto exchange took advantage of the rising popularity of NFTs and created their marketplace for digitalized artworks in the form of the Toko Mall. Here, rising artists can monetize their works and put them up for sale for collectors to see around the world.

Those who want to buy a piece of digitalized work will then pay the artist in the form of TKOs. This is a great way of bridging the gap between customers and artists since it gives them a seamless way of transacting with each other.

Farming pools

TokoCrypto users can enjoy the benefit of staking their TKOs in their chosen farming pool to earn other kinds of tokens in the process. With this, users will be rewarded for their stake with interests or tokens. Additionally, it’s entirely secure thanks to the use of smart contracts which are signed agreements between two parties in the form of computer codes.

With this contract, users can then add more tokens to their staked amount and stake their existing assets.

Benefits of using TokoCrypto exchange

Aside from its various features and services, there are other benefits that TokoCrypto exchange users can enjoy when they use the platform. This includes:

Easy signup process

Getting started with TokoCrypto follows a standard process that lets users create an account easily. First, users would have to be at the age of 17 or above to create an account. After they have verified their age, they can then proceed to enter their credentials as well as input their desired passwords.

Terms and agreements would then be offered for new users to read and if everything is up to par with their standards, they can proceed to load their account via credit card or bank transfers.

TokoCrypto also requires new users to go through a Know Your Customer or KYC process before proceeding with creating their account. This is to ensure that the user creating an account is indeed the real person behind the credentials provided and not someone who’s trying to commit identity theft or fraud.

Simple interface

TokoCrypto exchange comes with a standard and fairly easy to navigate interface that makes it accessible for traders to use it. It separates everything neatly in its section such as Altcoin trading, ETFs and many more. It also comes with a dark mode for people who don’t want their screens to be too bright. 

Accessibility

Accessibility is key to any exchange site and TokoCrypto further allows this through its mobile support. Users who prefer everything on the go can freely download the dedicated app on their smartphones where they can essentially do everything they can on the desktop counterpart.

Should you use TokoCrypto?

There are various exchange sites out in the market today, but only a few have the same features and benefits that TokoCrypto exchange provides. Its simple trading interface and plentiful services such as an in-house NFT marketplace, farming pool and native stable coin make it a solid choice for traders. On top of that, it has a massive roster of tokens that it supports making it universal for users around the world. Start your crypto trading experience with TokoCrypto! 

Cryptocurrency Market Capitalization
  • bitcoinBitcoin (BTC) $ 30,157.00 1.51%
  • ethereumEthereum (ETH) $ 2,050.46 1.62%
  • tetherTether (USDT) $ 1.00 0.23%
  • usd-coinUSD Coin (USDC) $ 1.00 0.25%
  • binance-coinBNB (BNB) $ 301.80 1.03%
  • xrpXRP (XRP) $ 0.431270 1.49%
  • cardanoCardano (ADA) $ 0.568217 1.54%
  • solanaSolana (SOL) $ 55.28 2.18%
  • binance-usdBinance USD (BUSD) $ 0.998356 0.37%
  • polkadotPolkadot (DOT) $ 10.80 1.34%

Expand your knowledge and invest in the cryptocurrency industry.