Rekeningku Review
This Rekeningku Exchange Review focuses on an Indonesian cryptocurrency exchange that has been operational since January 2018. Rekeningku has executed more than 1 trillion transactions for more than 350,000 clients. When 1 trillion transactions are split by 350,000 consumers, each customer has done about 3 million transactions on average. The platform’s overall trading volume for all time is 1 trillion Indonesian Rupiah, or around $1 billion (Six hundred seventy-five million dollars).
Customized services, AI-powered security, worldwide support, and lightning-fast trading are the four distinct benefits of utilizing this trading platform. These are all significant benefits of using a trading platform. Because this trading platform is so young, it has yet to experience the large trade volumes that market-leading exchanges have. But, the trade volume has grown significantly over the years. The trading features are fairly varied, and they can fit even the most experienced traders.
Furthermore, since the corporation has offices in the United States, Singapore, Luxembourg, and China, this platform is available to citizens of most nations. Some nations’ nationals, however, are now unable to utilize this exchange. Citizens of Cambodia, Congo, Sudan, North Korea, Iran, Iraq, Syria, Somalia, Myanmar, Libya, and Yemen are not permitted to trade on Rekeningku.
| Exchange platform | Rekeningku |
| Website | www.rekeningku.com |
| Variety crypto | 40 |
| Account needed | Yes |
| Verification | Mandatory |
| Verification levels | 2 |
| Trading Platform | Application (Android, IOS), Web-based |
| Payment Method | Crypto transfer , Credit Transfer, Wire transfer, |
| Customer Support | Telegram, Email, Twitter |
What is Rekeningku?
Rekeningku is a cryptocurrency exchange in Indonesia. Sumardi is Rekeningku’s CEO; he began commercial operations in 2017 at Equity Tower Lt. 29D, SCBD Jakarta. Sumardi is a driven young guy who is dedicated to the development of Indonesia’s information technology sector. Since 2004, he has worked as a Financial System Analyst in the field of information technology. Sumardi has also served as a co-founder of Modification.com since 2006. He has been interested in Blockchain Technology and researching it since the beginning of 2015. Sumardi is supported in his daily operations by Johny Chen (Co-founder) and Robby (Director), both of whom have worked in the financial business for many years. Thousands of Digital Coin Mining Servers are being managed by the three of them in Indonesia. As Corporate Advisors, Jeffry Anthony (ex-Tiket.com Co-founder) and Anne Patricia Sutanto assist Rekeningku.com’s operational processes.
On Rekeningku’s platform, US investors are not restricted from trading. In any case, if you are a US investor who wants to begin trading in this country, you should first check to see whether you are subject to any state legislation or comparable restrictions. It is impossible to be too certain.
The graphs and statistics shown on the Exchange section may be familiar to users of other cryptocurrency exchanges. Choosing a different time-lapse or chart shape, turning on and off various scales, and modifying the timezone may all be done with a candlestick chart. Many indicators may be added to candlestick charts. A pitchfork, a brush, text, and other tools are available for dealing with the graph.
Trading Services
A trade view is available on every trading platform. The trading view is the section of the exchange’s website where you can see a cryptocurrency’s price chart and current price. There are usually buy and sell boxes where you may place orders for the appropriate cryptocurrency. Most platforms let you see the order history (i.e., previous transactions involving the relevant crypto). On your desktop, everything is in one place. Of course, there are variants to what we have just explained.
It is entirely up to you to choose if the preceding trading viewpoint is appropriate for you. Finally, there are generally various parameters that you may adjust to personalize the trading view to your interests. Trading commissions are, of course, crucial. Each time you make an order, the exchange charges you a trading fee. The trading charge is a proportion of the value of the trade order. In this interaction, they don’t discriminate between takers and creators. The cost is the same for all transaction participants: 0.10 percent of the order amount. The industry norm was 0.25 percent for a long time, but we now witness a shift toward lower rates. Many exchanges now impose a fee of 0.10 percent or 0.15 percent instead.
Trading Fees
The exchange charges you a trading fee every time you make an order. The trading charge is usually a percentage of the trade order’s value. Takers and creators are separated in many trades. Those who “take” an existing order from the order book are known as takers. Makers are those who add orders to the order book and so create liquidity in the marketplace. Flat fees are charged by Rekeningku, which means that both takers and creators pay the same fee: 0.10 percent. These taker costs are comparable to, if not somewhat lower than, the worldwide industry average for controlled exchanges. Historically, industry averages have been about 0.20-0.25 percent, but new industry averages are currently forming at 0.10 percent -0.15 percent.
Regardless of whether they are users that generate liquidity, by placing new orders, or takers, Rekeningku levies the same trading costs to all users who receive liquidity by placing new orders. The charge for trading is 0.1 percent. It is a comparatively modest trading charge when compared to other exchanges. The platform sometimes reduces trading costs for particular trading pairs. Withdrawal costs fluctuate regularly. They are influenced by network load and may be modified by the platform at any moment. Bitcoin withdrawal fees are 0.0005 BTC, Ether withdrawal fees are 0.005 ETH, and Litecoin withdrawal fees are 0.01 LTC.
Withdrawals and Deposits
Rekeningku highlights that they provide quick withdrawals (when withdrawing in Indonesia), provide 24/7 assistance and that the platform is safe thanks to cold storage technology. While the first of these benefits is only available to Indonesians, the latter two are unquestionably relevant to all potential consumers.
Rekeningku charges a 0.0005 BTC withdrawal fee for each BTC withdrawal. This charge is likewise comparable to the industry norm, if not somewhat lower. Rekeningku’s current worldwide industry average is just over 0.0006 BTC per BTC-withdrawal, making it a competitive offering. Rekeningku allows you to deposit fiat dollars in addition to cryptocurrencies. However, only by wire transfer is this possible. If you require a credit or debit card deposit exchange, utilize Exchange Filters, and you will locate one in no time. Rekeningku qualifies as an “entry-level exchange,” meaning that it is an exchange where novice crypto investors may begin their adventure into the fascinating crypto world since fiat money deposits are permitted.
A withdrawal fee of 0.0005 BTC will be paid when you withdraw BTC from Rekeningku. This is around 40% cheaper than the industry average at about 0.0008 Bitcoin per BTC-withdrawal. As a consequence, the price paid for withdrawal is relatively affordable.
Rekeningku’s fees are, on the whole, affordable. This exchange allows both cryptocurrency and fiat currencies as deposits. On/off ramps for Fiats are plentiful. Deposits may be made through wire transfer, credit or debit card, and so on.
Rekeningku is a cryptocurrency exchange that accepts about 40 cryptocurrencies for deposit and withdrawal. To buy cryptocurrencies, you may use debit and credit cards, as well as third-party suppliers like Banxa and Simplex. Banxa allows many different deposit options, including BPAY, SEPA, PayID, and more. Banxa offers $30-$30,000 transaction restrictions, whereas Simplex offers $50-$20,000 transaction restrictions through third-party providers.
Rekeningku API
Because of the usage of standard security options like a phone number and Google 2FA authenticator for password recovery, withdrawal confirmations, and validating when security choices are updated, Rekeningku’s account security is quite good. Another security feature offered by Rekeningku is that if you change any security settings, such as deactivating Google Authenticator or altering the account password, you will be unable to withdraw cash for 24 hours. On its website, Rekeningku claims to have powerful machine learning algorithms as well as bank-level SSL security technology to detect attacks and effectively safeguard your properties and transactions. It features a long KYC procedure that is optional but required if you wish to utilize fiat currency deposits and withdrawals, and boost withdrawal limits. Rekeningku is committed to satisfying Anti-Money Laundering (AML) and Counter-Terrorism Financing (CFT) regulations; hence a KYC method is advantageous.
Rekeningku Liquidity
Rekeningku is a cryptocurrency trading platform that allows users to trade leveraged and spot cryptocurrency pairings. Cryptocurrencies may be traded on the spot against VET, USDT and BTC. Both cross and closed margin are offered to accommodate the diverse tastes of the numerous traders out there. On Rekeningku, you may also invest in the CryptoFarm, enabling you to lock up various cryptocurrencies and earn a return over a certain length of time.
Another feature is the OCE Club. Rekeningku’s native token is OCE. These advantages are available to OCE Club members (OCE holders). Holders are eligible for up to a 90% reduction in trading fees. OCE club members may earn up to 50% of the trading fee paid by invitees, thanks to the advanced referral plan. Members of the club also get access to the CryptoFarm program, which is only available to club members. Having 2,000 or more OCE qualifies you for the first level of membership. Based on the quantity of OCE a person possesses, there are five tiers of membership. Members get greater rewards as they progress through the levels. Being a centralized exchange has several drawbacks in terms of trade rights. Centralized systems have failed to acquire traction in comparison to decentralized exchanges. However, the techniques of trade it employs are suitable for anyone. Furthermore, support is provided promptly. Language adaptation eliminates the need for an interpreter to communicate exchange issues.
Rekeningku Portfolio
Every financial service company sets itself apart by offering a diverse set of trading choices. Traders will get access to much information and experience, enabling them to make better-informed trading choices. The availability of such flexible alternatives has a huge influence on the trading experience of customers.
In terms of portfolios, Rekeningku, like the other major exchanges, is not behind. The exchange allows users to diversify their money across many portfolios. Depending on your investing philosophy, risk management objectives, and profit targets, you may split your money into several portfolios. This function is intended for experienced traders since it might be harmful to new and ordinary investors. Users may utilize tools like these to make the most of their money and spend it how they see appropriate. Portfolios have the potential to aid with risk management while also enhancing the trading experience.
Available Currencies
BTC/USDT, VET/USDT, VET/BTC, ETH/USDT, ETH/BTC, ETH/BTC, VET/ETH, and other crypto pairings with daily volumes surpassing one million are available for the majority of Rekeningku’s daily trading activity. Both closed and cross margin are available to meet the needs of the many traders out there. On Rekeningku, you may also invest in the CryptoFarm, enabling you to lock up various cryptocurrencies and earn a return over a certain length of time.
Rekeningku Interface
Rekeningku offers two different trading user interfaces for futures and spot trading. This is to be anticipated since they are rather general user interfaces. To appease traders searching for something comparable to Bitmex, other trading platforms follow a similar approach.
Rekeningku’s spot trading area is simple, with a chart on one side, open orders on the other, an order registration, order book, and prior transactions. Unfortunately, you will be disappointed in terms of personalization since the exchange does not allow you to alter the user interface in any way.
The color palette is the only thing the Futures UI has in common with the Spot UI. It has a much more professional look and is much more solidly constructed. Even though the interface offers various specialist capabilities for experienced traders, it is straightforward to use. You may trade with simplicity and choose from various order types, including Limit, Market, and Stop orders. Making deposits and withdrawals on the site is as easy as clicking a button, and you have the option of selecting an appropriate transfer method.
Rekeningku Security
The firm provides several levels of security. The client should carry any security-related steps out. To begin, the user must generate a strong and distinct password. Enabling the 2-factor authentication option is another vital security step. Install any good authenticator app such as Google Authenticator on your mobile device and scan the QR code in the Account or Verification area of the site to activate two-factor authentication. Scanning the QR code in the app produces a security token, which starts creating one-time passwords required every time someone tries to access an account, withdraw cash, or do anything else. Without access to the account owner’s mobile device, it is unlikely to inflict any damage (even if the login and password are obtained).
The exchange itself implements other security precautions. For example, 24 hours after changing the password, utilizing the “forgot password?” option, or turning off 2-factor authentication, money cannot be taken from the account. As a result, if hacking happens, there is more time to determine whether harmful behavior has occurred.
Looking at the site from the perspective of security, we can observe that it looks genuine and would not necessarily constitute a danger to its users’ assets. The fact that there are no major complaints regarding Rekeningku’s social media efforts is a good indicator. There have been some conspiracy theories concerning their motivations, but this happens with any cryptocurrency.
Customer Service
Over a thousand employees work with Rekeningku; all of them have been properly vetted before being employed. Customers enjoy great customer service as a consequence of the devoted team’s constant efforts. The support crew is constantly accessible to address users’ queries, thanks to an ever-growing client base. Rekeningku also provides trading advice, but it is not a signal to trade or take any action. The exchange, once again, provides users with instructional resources on cryptocurrency and other connected issues. In the case of an emergency, Rekeningku also offers a phone service. Users may, for example, disable their accounts on their phones if they suspect a data breach.
Rekeningku’s support workers will never conduct outbound calls or texts to consumers as part of the company’s security standards. According to the exchange, customers who get such calls should report them immediately. The exchange will never call customers to seek their two-step authentication codes and password.
US Investors
The US does not allow international corporations to recruit US investors unless such foreign firms are also registered in the US, which is why the Security Exchange Commission is so frightening. The SEC has the authority to prosecute foreign corporations that solicit US investors nevertheless. The SEC has filed many lawsuits against crypto exchanges, including one against EtherDelta for running an unregistered exchange. Another time, they sued Bitfinex, alleging that the stable coin Tether (USDT) was deceiving investors. More instances are almost certain to follow. It is uncertain if Rekeningku will accept US investors. We looked through their terms and conditions and discovered no specific ban on US investors. However, we strongly advise any US investors to establish their view on the legality of their trading at Rekeningku.
Mobile Support
The majority of cryptocurrency traders believe that trading on a PC provides the greatest circumstances. The computer has a larger screen, which allows more critical information on which most traders make their trading choices to be displayed at once. The trading chart will be simpler to read as well. However, not all cryptocurrency traders use PCs to do their business. Some people prefer to trade cryptocurrency on their phones. If you are one of these traders, you’ll like the fact that Rekeningku’s trading interface is also mobile-friendly. It is available for download on both the AppStore and Google Play.
Conclusion
Rekeningku, a centralized cryptocurrency exchange, was established in January 2018. The company’s headquarters is situated in Indonesia. In its first year of operation, the exchange saw significant growth in trading volume, eventually becoming one of the top 100 cryptocurrency exchanges in the world. According to the company’s website, the Rekeningku exchange provides “high-level security powered by AI.” The trading features are extensive, and they can suit even the most seasoned professionals. The exchange also includes members from many countries. Certain countries, however, are unable to utilize this exchange.
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