Binance IDR Stable Coin (BIDR) is a stablecoin pegged 1:1 to the Indonesian Rupiah (IDR), jointly supported by Binance and Tokocrypto. It is a BEP-2 token on the BNB Chain, designed to maintain a stable value equivalent to the IDR. BIDR is available for direct purchase and redemption, ensuring a reliable store of value for users.
The Binance IDR Stable Coin (BIDR) is a stablecoin pegged 1:1 to the Indonesian Rupiah (IDR). It is jointly supported by Binance and Tokocrypto. BIDR combines the benefits of digital assets with the stability of traditional fiat currency, offering fast transaction rates, high security, and stability. Here are some ways BIDR is used:
Flight Bookings: BIDR can be used to pay for flights through Alternative Airlines, a global site for finding and booking flights from over 600 international airlines. Users can select BIDR as their payment method during checkout.
Trading: BIDR is available for trading on Binance, with various trading pairs such as BTC/BIDR, ETH/BIDR, BNB/BIDR, BUSD/BIDR, and USDT/BIDR. Users can deposit BIDR to prepare for trading.
Direct Purchase and Redemption: BIDR can be purchased and redeemed directly on Binance and Tokocrypto platforms.
These uses highlight the versatility and practical applications of BIDR as a stablecoin.
To store Binance IDR Stable Coin (BIDR) tokens safely, it is recommended to use a "Cold Wallet," which is a wallet that is totally offline. This type of wallet provides the highest level of security for your tokens by keeping them disconnected from the internet, thus minimizing the risk of unauthorized access or hacking.
To buy Binance IDR Stable Coin (BIDR) tokens, follow these steps:
Find a Reliable Centralized Exchange: Look for a trustworthy exchange where BIDR is listed. Binance is one such exchange where you can buy BIDR.
Create an Account: If you don't already have an account on the chosen exchange, create one by following their registration process.
Deposit Funds: Deposit the necessary funds, such as Bitcoin (BTC), Ethereum (ETH), Binance Coin (BNB), or other supported currencies, into your exchange account.
Search for BIDR Trading Pairs: Look for trading pairs that include BIDR, such as BTC/BIDR, ETH/BIDR, or USDT/BIDR.
Place an Order: Place a buy order for the desired amount of BIDR using the deposited funds.
Store Your BIDR Safely: After purchasing BIDR, consider transferring them to a secure wallet, such as a cold wallet, to protect your assets from potential exchange hacks or shutdowns.
Remember to always evaluate the risks and volatility of the cryptocurrency market before investing in BIDR or any other token.
