Rupiah Token (IDRT) is a stablecoin pegged 1:1 to the Indonesian Rupiah (IDR). It is designed to mimic the value of IDR, ensuring price stability. IDRT is built on Ethereum (ERC-20) and Binance Smart Chain (BEP-20), allowing for fast and secure transactions. It can be used for trading on various exchanges and can be easily converted to and from IDR through the Rupiah Token website.
Rupiah Token (IDRT) is a stablecoin designed to have the same value as the Indonesian Rupiah. It is built on blockchain technology, allowing users to send Rupiah instantly across the globe. IDRT can be used for various transactions on blockchain or cross-border transactions, such as trading on crypto exchanges, sending funds, and making investments.
Key Features and UsesGlobal Transactions: IDRT enables fast and low-cost transactions worldwide, eliminating the need for intermediaries like banks. Users can send IDRT directly to any Ethereum wallet address.
Stable Value: IDRT is backed 1:1 with the Indonesian Rupiah, ensuring a stable value. This stability makes it suitable for daily transactions and investments.
Multi-Blockchain Support: IDRT is available on multiple blockchain networks, including Ethereum (ERC-20), Binance Smart Chain (BEP-20), and Polygon. This allows for seamless integration with various blockchain services.
Trading and Investment: IDRT can be traded on various exchanges, including decentralized exchanges (DEX) and centralized exchanges like Binance. It can also be used as an investment vehicle, similar to fiat currency.
Security and Transparency: IDRT transactions are immutable and carried out according to smart contract rules, reducing the risk of human error. The token's smart contract has been audited by CertiK, and the circulating supply is regularly audited by an independent auditor.
To use IDRT, users can convert their Rupiah into IDRT on the Rupiah Token website. The process involves:
- Conversion: Users send Rupiah to the website.
- Minting: The equivalent amount of IDRT is minted on the Ethereum blockchain.
- Transfer: The IDRT is sent to the user's Ethereum wallet.
- Redemption: Users can send IDRT back to the website to redeem their Rupiah, which is then burned from the Ethereum blockchain to maintain the 1:1 backing.
Overall, Rupiah Token (IDRT) provides a convenient and secure way to use the Indonesian Rupiah in the digital realm, leveraging the benefits of blockchain technology.
To store Rupiah Token (IDRT) tokens securely, it is recommended to use a wallet outside of exchanges. The first choice is a hardware wallet, which provides robust security for your assets. Alternatively, you can use a self-custodial wallet, which allows you to maintain control over your funds.
For a more specific solution, you can consider using the Atomic Rupiah Token wallet, which offers a secure and private environment for managing your IDRT tokens. This wallet app is available for both desktop and mobile devices and does not require registration or KYC. It ensures that your private keys are encrypted and never leave your device, providing you with full control over your funds. Additionally, it offers 24/7 online support for any assistance you may need.
Another option is to use a Ledger Nano S or X hardware wallet. To set up your IDRT tokens on these devices, you can follow the steps outlined on the RupiahToken website, which involve accessing your wallet, choosing the hardware option, and selecting Ethereum to manage your ERC-20 tokens.
To buy Rupiah Token (IDRT) tokens, you can follow these steps:
Choose a Centralized Exchange (CEX):
- Select a reliable and trustworthy crypto exchange that supports Rupiah Token (IDRT) purchases.
- Consider factors such as ease of use, fee structure, and supported payment methods.
- Examples of exchanges that support IDRT include Binance and KuCoin.
Create an Account:
- Enter the required information and set a secure password.
- Enable two-factor authentication (2FA) for added security.
Verify Your Identity:
- Complete Know-Your-Customer (KYC) verification, which may require providing personal information based on your nationality and region.
- KYC verification is necessary to access more features and services on the exchange.
Add a Payment Method:
- Follow the exchange's instructions to add a credit/debit card, bank account, or other supported payment methods.
- The required information may vary depending on your bank's security requirements.
Buy Rupiah Token (IDRT):
- Use fiat currency to buy IDRT if supported by the exchange.
- Alternatively, you can first purchase a popular cryptocurrency like USDT and then exchange it for IDRT.
Use a Crypto Wallet:
- If your wallet supports fiat-to-crypto purchases, you can buy IDRT directly.
- If not, you can first buy a popular cryptocurrency like USDT and then exchange it for IDRT through your wallet or on a decentralized exchange.
Alternative Platforms:
- You can also buy IDRT using platforms like Changelly, which supports various payment methods such as credit/debit cards, bank transfers, and more.
Complete the Transaction:
- Preview the transaction details and confirm your purchase.
- Your IDRT tokens will be sent to your wallet once the transaction is complete.