Digital Asset Prices Soar, Here's What Upbit Says

Illustration (Photo: Doc. ANTARA)

JAKARTA In recent years, the development of the digital asset market in Indonesia has been so rapid and quite impressive.

One of them is the momentum that recently occurred, namely the price of Bitcoin which broke more than IDR 1 billion, equivalent to 69,202 US dollars in a week and became the highest price achievement in history.

Upbit Indonesia Chief Operation Officer Resna Raniadi said that in the midst of this rapid and positive development, the selection of reliable crypto platforms is a crucial step for potential investors.

One of the main aspects that must be considered when dealing with crypto is security.

We recognize how important trust is in the crypto industry. Therefore, we place security as a top priority by implementing encryption measures, and multi-factor authentication to reduce the risk of hacking so that investors can have confidence in protecting their assets against cyber threats," Resna said in his official statement, Friday, March 22, 2024.

In addition to security, Resna sees the importance of compliance with laws and regulations, a platform that has a license to comply with the regulation of Know-Your-Customer (KYC) and anti-money launching (AML) can increase transparency and accountability in its operations, so that it can help foster trust in the crypto community, as well as potential investors.

Furthermore, Resna also highlighted the customer support that was responsive in choosing crypto platforms.

In addition, the quality of customer support also greatly affects the user experience with crypto platforms. A trusted platform prioritizes customer services to respond to user questions, solve problems, and provide assistance when needed." he said.

Not only that, Resna appealed to prospective users to ensure that the crypto exchange platform they chose was officially registered with CoFTRA as the current regulator.

Resna said that the selection of registered platforms is a very important step for crypto users.

"One of our highlights to potential investors in addition to ensuring that crypto platforms are registered, make sure that rupiah deposits are only made to the user/exchanger's virtual account, then rupiah withdrawals can be made at any time as long as they are still in office operating hours or even 24 hours without stopping," he explained.

He said that investors and users can reduce the risks associated with investing in crypto with things that can be ascertained from the start before starting transactions.

"We are committed to continuing to improve maintaining the security and trust of our users. Therefore, we urge all of our users to always visit our official website or use the official Upbit application to access our security-secured platform," he said.