Buy ELROND
in Indonesia

Trusted by ELROND buyers, you can buy and trade ELROND in Indonesia and 100+ countries on Blocktrade without any fees easily. 

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We offer a wide range
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Learn More about buying EGLD in Indonesia

How to buy ELROND in Indonesia

Is EGLD a good investment in Indonesia?

EGLD was officially released to the market in July 2020 with an initial price of $9.4. It didn’t have much value until 2021 when it suddenly reached $195.9. It was great news for ELDG owners because their investment was highly profitable in less than a year. This token had many ups and downs in 2021. It could even set a record for the highest price for the second time in one year at a value of $490. It sounded like ELDG would have more surprises on the way. But that didn’t happen, and ELDG ended the year with a price of $24.5. This coin also didn’t have a great year in 2022 because it started to drop until it reached $33 at the end of the year. 

The good days of the ELDG coin sound surprising to everyone because that’s how beneficial they like their investment to be. However, no one can ensure that their investment will be profitable because of the risky world of the cryptocurrency market. But it is recommended to check ELDG price forecasts to see the probable future of this token. However, you should still know that predictions are not guaranteed. They are just some probabilities based on the coin's analysis. Crypto experts and analysts have predicted growth in this token’s future. They believe that the ELDG price might reach $255 by 2028 and if everything goes well, it could rise to $340 by 2030.

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What is ELROND ?

Elrond is a decentralized blockchain network launched in 2017. The main idea behind founding this network was to increase the sustainability of the blockchain. Therefore, Elrons is one of the most successful examples of an energy-efficient blockchain network. It has implemented a technology to improve the speed of block verification and information processing. Furthermore, one thing that distinguishes this network from similar ones is the support of smart contracts and decentralized apps, which are very popular these days.

For more updates about Elrond, check out Multiverse official website.

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Is ELROND legal to buy in Indonesia?

Yes, it is legal to buy cryptocurrencies in Indonesia but cryptocurrency is not considered an
official form of payment in Indonesia. This is according to The Indonesian government’s
released Working Paper, through which the government along with the Indonesian Central Bank
has recognized the growing market of crypto assets and its usage and has mentioned that it is
monitoring the development of the cryptocurrency industry and may issue further regulations in
the future. As of now (12th of February 2023), the regulation of cryptocurrencies in Indonesia is
limited, and it operates in a somewhat gray area but it is expected to improve further in the near
future.

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Is ELROND taxed in Indonesia

Yes. The article regarding cryptocurrency taxation in Indonesia can be found in the Indonesian
Tax Law, specifically in article 25 concerning "taxable income". According to the mentioned
article, cryptocurrency transactions in Indonesia are subject to income tax as they are
considered a form of "other income." According to the same mentioned Article, the taxation rate
for individuals is based on the individual's tax bracket, from 0.5% to 30% and for companies, it
is a flat rate of 20%. This means that individuals and entities who engage in cryptocurrency
transactions, such as buying, selling, or trading, must report their crypto-related income and pay
taxes on it.
Moreover, it is important for individuals and entities who engage in cryptocurrency transactions
in Indonesia to accurately report their crypto-related income and pay taxes on it to avoid
penalties and fines. It is recommended to consult a tax professional for further information on
the specific regulations and obligations for cryptocurrency taxation in Indonesia.

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After you've bought ELROND in Indonesia

ELDG is a governance token. It means it is mainly used on its network to give power to its owners. ELDG holders can participate in different elections on this network. They can vote to change regulations or accept a new project. Therefore, somehow the ELDG owners can impact the future value of this token and its network because it is they who vote and suggest projects and have power on this network.

 

On the other hand, most people buy cryptocurrency because they seem so profitable. ELDG can be kept as an investment too. In the past, it has been shown several times that it could be a good investment. However, no one can guarantee the future of a cryptocurrency based on its past. Therefore, if you want to buy ELDG as an investment, we recommend you to read the news about this network, its investors, the projects it accepts, and the price predictions that the experts' analysis. In the end, if you are a beginner in this world, it is better to start with a limited amount of money to invest to avoid any loss.

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Who can buy ELROND in Indonesia?

In Indonesia, cryptocurrency can be purchased by individuals and businesses who are allowed
to purchase it by the law. Banks, payment processors, and exchanges are some common and
legal entities that offer services to buy cryptocurrencies in Indonesia. On this note, our
exchange is one of the most secure service providers when it comes to buying crypto assets in
Indonesia. Our exchange is legal and offers you different payment methods to purchase your
intended amount of cryptocurrency while charging you no transaction fees which would be very
cost-effective. Some of the best payment methods that we offer are: Apple Pay, Google Pay,
credit card, debit card, bank transfer, and PayPal.

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Buy ELROND at your ease

Payment methods to buy ELROND in Indonesia

Credit Card

Debit Card

Bank Transfer

Credit Card

Debit Card

Bank Transfer

PayPal

Google Pay

Apple Pay

PayPal

Google Pay

Apple Pay

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FAQ

Frequently asked questions

You can buy ELDG from different exchanges. Blocktrade offers you zero processing fee, which makes it much more cost-effective to buy ELDG or other coins on this exchange. Furthermore, Blocktrade is a trusted exchange regulated in the EU.

In Indonesia, individuals are required to report and pay taxes on their cryptocurrency
transactions. In order to report cryptocurrency taxation in Indonesia you need to keep records of
all cryptocurrency transactions, including the date, amount, and type of transaction. then, it is
necessary to calculate the taxable income from your cryptocurrency transactions using the
appropriate tax rate. Next, file a tax return with the Indonesian Tax Office (Direktorat Jenderal
Pajak) and report your taxable income from cryptocurrency transactions. And lastly, pay the

taxes owed on your cryptocurrency transactions. It's important to note that the regulations
surrounding cryptocurrency tax in Indonesia are constantly evolving, and taxpayers should keep
themselves updated on the latest developments and seek advice from a tax professional if
necessary.

Yes, you can sell cryptocurrency in Indonesia. However, the regulation of cryptocurrency in
Indonesia is a bit not yet so clear and it is advised to consult with a legal expert before
conducting your cryptocurrency transactions. It is also known that Indonesia allows selling
crypto assets through exchanges and it is supervised by the Commodity Futures Trading
Regulatory Agency (BAPPEBTI), a body under the Ministry of Trade. It is also recommended to
do research before engaging in cryptocurrency sales inside the country.

The main structure of this platform was launched by the Mincu brothers and their friends. The major founders are Benjamin Mincu, a well-known blockchain engineer in Europe, and his brother Lucian Mincu who has experience in setting up complex technologies and infrastructures for the German government. This issue can easily determine his abilities.

The exact number of cryptocurrency owners is not specifically known, but according to some
data, it shows that around 4.3%, which would be about 11 million of its population, owned some
form of cryptocurrencies.

The future of coins is not predictable. No one can tell you if ELDG will have a future or if it may lose on the way. But, since the network is trying its best to solve the problems of previous blockchains, it is possible that ELDG will still be in use in the future.

Trusted crypto platform in Indonesia!