Hi Tokonauts,
Tokocrypto will stop supporting, removing, and phasing out BIDR crypto assets. This decision was made after a thorough review process to enable us to focus on products that better meet the needs of our evolving user base.
Users are HIGHLY ENCOURAGED to convert their BIDR assets to alternative assets available on Tokocrypto or convert them to other crypto assets before the BIDR service is discontinued.
Please Note!
- Tokocrypto will delist and cease trading for BIDR:
- BIDR/IDR on May 7, 2024, at 03:00 PM WIB.
- USDT/BIDR on May 17, 2024, at 03:00 PM WIB.
- Users must CONVERT their BIDR assets into other available assets on Tokocrypto from 6 May 2024 to 20 August 2024 at 03:00 PM WIB.
- Users are HIGHLY ENCOURAGED to CONVERT BIDR to IDR on the front page of the Tokocrypto application, as shown in the following image:*
- Or use the 1:1 BIDR to IDR conversion feature via the Tokocrypto website at: https://www.tokocrypto.com/usercenter/wallet/convert-bidr-to-idr.
- Users who do not CONVERT within three months (until August 20, 2024): Tokocrypto will hard-convert your BIDR assets into IDR. According to applicable regulations, BIDR assets will be subject to a 0.1% PPh tax.
- All remaining BIDR balances in the user's Tokocrypto account will be automatically converted into IDR in real-time on 20 August 2024 at 03.00 PM WIB.
- After the 3-month (20 August 2024), the User is deemed to have agreed and authorized Tokocrypto to convert BIDR assets into IDR and comply with the tax deductions imposed by applicable laws and regulations. The User agrees, approves, and ratifies Tokocrypto's actions concerning this conversion. The User also agrees to indemnify and release Tokocrypto from all demands, claims, lawsuits, and reports that may arise from the User in connection with this conversion and any taxes incurred.
- Changes in the use of the SPOT/Market feature with Limit Orders & Market Orders in BIDR/IDR will be limited to a maximum price of 1.01 and a lower price of 0.99 from the time this announcement is published until delisting on May 7, 2024 at 03:00 PM WIB.
- Starting from this announcement taking effect, the crypto withdrawal feature for BIDR will be disabled.
*The minimum conversion is Rp1,000. A 0.1% PPh tax will be applied to each transaction.
We apologize for any inconvenience this may cause. This policy aligns with the recent launch of IDR on Tokocrypto, where we are committed to increasing crypto asset adoption in Indonesia for easier public access, providing users with transactional ease, and always complying with applicable regulations.
By reading this announcement, we consider users to be informed and agree to the above. If you have any questions, please contact our 24/7 Customer Support via Live Chat.
Thank you for your support and attention.
Tokocrypto Team