reku

Overview of Reku

Reku is a cryptocurrency exchange company that was founded in 2018, formerly known as Rekeningku. It is registered in Indonesia and operates under the regulatory authority of Badan Pengawas Perdagangan Berjangka Komoditi (BAPPEBTI) as the financial authority in Indonesia. The company offers a selection of more than 44 cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH), and Litecoin (LTC).

The company also provides various educational resources such as online tutorials, videos, and articles to assist users in their trading endeavors. Customer support is available through email and live chat, ensuring that users can receive timely assistance when needed. Overall, Reku provides a comprehensive trading experience for individuals looking to engage in virtual currency exchange.

What is Reku？

Reku is a cryptocurrency exchange that offers a range of cryptocurrencies for trading. It operates as a centralized exchange, meaning that it facilitates the buying and selling of cryptocurrencies through its platform.

The exchange provides users with two trading platforms, namely Reku Desktop and Reku Mobile, allowing for convenient and accessible trading experiences. Reku also supports various deposit and withdrawal methods, including bank wire transfers, credit/debit cards, and cryptocurrencies, providing users with flexibility in managing their funds.

Pros and cons

Pros Revealed

• Robust Security Measures

Reku employs encryption technology and secure storage methods like cold storage to safeguard user assets, reducing the risk of hacks or unauthorized access.

2. Regulatory Compliance

Regulated by BAPPEBTI and holding a Digital Currency License, Reku demonstrates its commitment to adhering to regulatory standards, ensuring a secure and compliant trading environment.

3. Diverse Cryptocurrency Offering

Reku provides a wide range of cryptocurrencies for trading, offering users the opportunity to capitalize on diverse assets while being aware of market volatility.

4. Transparent Fee Structure

With a transparent maker-taker fee system, Reku maintains fairness by distinguishing between liquidity providers and trade executors, accommodating various trading preferences.

Cons Revealed

• Limited Accessibility

Reku's services are primarily tailored to Indonesian users, potentially restricting access for international traders.

2. Lack of Credit Card Deposits

The absence of credit card deposit options may inconvenience users seeking a convenient and widely-used method for funding their accounts.

3. No Crypto P2P Lending

Reku does not offer cryptocurrency peer-to-peer lending, limiting opportunities for users to earn interest on their holdings.

4. Complicated KYC Process

Reku's KYC process, requiring users to provide a paper with handwritten signature, could be cumbersome for some compared to simpler verification methods used by other exchanges.

Regulatory Authority

In the realm of cryptocurrency trading, regulatory adherence is a crucial aspect that separates trustworthy platforms from the rest. Reku stands out as a platform that takes regulatory compliance seriously. It is regulated by the Badan Pengawas Perdagangan Berjangka Komoditi Kementerian Perdagangan (BAPPEBTI), a regulatory authority in Indonesia.



Reku operates under a Digital Currency License issued to PT. REKENINGKU DOTCOM INDONESIA. While the specific regulation number remains unreleased, the fact that Reku is regulated and holds a legitimate license underscores its dedication to providing a secure and compliant trading environment for its users.

Security

The security measures implemented by Reku in safeguarding user assets include the use of encryption technology to protect sensitive data and funds. The exchange also employs secure storage methods for cryptocurrencies, such as cold storage, to minimize the risk of hacking or unauthorized access.

In terms of user feedback, it is important to note that individual experiences may vary. However, Reku has not been associated with any major security breaches or significant user complaints regarding the security of the platform.

It is always advisable for users to practice good security measures, such as enabling two-factor authentication, using strong passwords, and being cautious of phishing attempts, to further enhance the security of their accounts and assets.

Cryptocurrencies available

Reku offers a diverse range of cryptocurrencies for trading, including Tether (USDT), Bitcoin (BTC), Shiba Inu (SHIB), Ethereum (ETH), ChainLink (LINK), Bitcoin Cash (BCH), Arbitrum (ARB), Uniswap (UNI), Dogecoin (DOGE), Ripple (XRP), Avalanche (AVX), and other currencies, up to a total of more than 44 different cryptocurrencies. Users can seize trading opportunities while being aware of potential market volatility and fluctuations associated with these assets.



• Additionally, Reku provides staking services, allowing users to earn rewards by participating in the proof-of-stake mechanism of select cryptocurrencies. However, users should exercise caution, conduct thorough research, and consider the inherent risks when trading or staking on the Reku platform.

Other Services

Reku, a cryptocurrency platform, offers a variety of services catering to the needs of crypto users:

• Crypto Asset Transactions: This service allows users to trade in various cryptocurrencies. Users can buy, sell, or exchange digital assets, using a platform that likely provides real-time market data, order management tools, and secure transaction processes.

• Withdraw IDR: Reku provides a feature to withdraw Indonesian Rupiah (IDR), the official currency of Indonesia. This service is essential for users who want to convert their digital assets into local currency, offering a seamless way to transfer funds from their crypto holdings to their bank accounts in IDR.

• Google Authenticator: For enhanced security, Reku integrates with Google Authenticator. This service adds an extra layer of security to user accounts through two-factor authentication (2FA), requiring not just a password but also a code generated by the Google Authenticator app. This significantly reduces the risk of unauthorized access to user accounts.

• Affiliate Partners: Reku has an affiliate program where partners can earn commissions or other rewards for referring new users to the platform. Such programs are common in the crypto industry, encouraging existing users to promote the platform in exchange for benefits, thereby expanding the user base and increasing platform engagement.

Each of these services addresses different aspects of the cryptocurrency experience, from trading and asset management to security and community growth.



How to open an account？

Opening an account with Reku is a straightforward process that allows you to step into the world of cryptocurrency trading with ease. Follow these simple steps to get started:

1. Visit the Reku website and click on the “Sign Up” or “Register” button.

2. Provide the required personal information, such as your email address and password, to create an account.



3. Complete any additional verification steps, such as email verification or identity verification (KYC verification), as requested by Reku.

4. Set up security measures for your account, such as enabling two-factor authentication or creating a strong password.

5. Agree to the terms and conditions of Reku and any regulatory requirements.

6. Once your registration is complete, you can proceed to deposit funds into your account and start trading cryptocurrencies on the platform.

How to buy Cryptos？

To buy cryptocurrencies using Reku, a mobile crypto wallet, follow these steps:

• Download the Reku App: First, install the Reku app from the Apple App Store or Google Play Store.

• Create an Account: Open the Reku app and tap the “Create Account” button. You'll need to enter your email address and create a password.

• Verify Your Email Address: Look for a verification link in your email from Reku. Click on it to verify your email address.

• Set Up a PIN: Secure your Reku account by setting up a PIN. This will be required each time you log into the app.

• Choose a Cryptocurrency to Buy: Reku supports various cryptocurrencies like Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), and Dogecoin (DOGE). Tap the “+” button in the top right corner of the app and select the cryptocurrency you want to purchase.

• Enter the Amount to Buy: Specify how much cryptocurrency you want to buy or the fiat currency amount (e.g., USD, EUR) you wish to spend.

• Review the Order Details: Check the details of your order, including the cryptocurrency price, fees, and the total cost.

• Confirm the Order: Confirm your purchase by tapping the “Buy” button.

• Fund Your Reku Account: Before buying cryptocurrency, you need to fund your Reku account. This can be done using bank transfers, credit cards, and debit cards.

• Complete the Purchase: After funding your account, the purchased cryptocurrency will be added to your Reku wallet. You can view your balance and transaction history in the app.

Remember that investing in cryptocurrencies involves risk, as prices can fluctuate significantly. It's important to research and understand these risks before investing.

Fees

Reku's fee structure operates under a transparent maker-taker system, distinguishing between liquidity providers (makers) and trade executors (takers). In Pro Mode, the buying process incurs a fee of 0.1%, accompanied by a 0.11% Value Added Tax (VAT). Conversely, selling transactions in Pro Mode carry a fee of 0.1%, accompanied by a 0.1% Income Tax. This fee discrepancy between makers and takers exemplifies Reku's commitment to ensuring equitable and balanced pricing for all users.

In the distinct Lightning Mode, Reku introduces an innovative fee model: buying is associated with a 0.11% fee (VAT), coupled with a zero base fee, translating to a fee-free buying experience. On the other hand, selling in Lightning Mode is subject to a 0.1% fee, along with a 0.1% Income Tax. By providing these dual options, Reku caters to users' diverse trading preferences, allowing for greater flexibility and cost-effective choices.

The maker and taker fee comparison for each mode on Reku is as follows:

Fee Type	Maker Fee	Taker Fee
Pro Mode	0.1% + 0.11% (VAT)	0.1% + 0.11% (Income Tax)
Lightning Mode	Free + 0.11% (VAT)	Free + 0.1% (Income Tax)

In summary, Reku employs a transparent fee structure, differentiating between makers and takers in its trading process. In Pro Mode, a slight fee variation exists between makers and takers, emphasizing fairness. Lightning Mode introduces a fee-free buying experience coupled with nominal fees.

Deposit & Withdrawal

To initiate investing or trading in Reku, users can easily deposit funds through various methods. The available methods include bank transfer, virtual account payment, e-wallet, and crypto asset transfer.

Reku supports hassle-free Rupiah withdrawals to over 120 Indonesian banks, with only a flat interbank administration fee of IDR 6,500. Crypto asset withdrawals, however, incur fees based on the specific blockchain network.

Here's a concise table outlining the funding methods and their respective fees:

Funding Method	Fees
Transfer Bank	Free
Virtual Account	Free
E-Wallet (OVO, DANA, etc.)	1.50% - 1.665%
Rupiah Withdrawal	Free (with IDR 6,500 flat fee)
Crypto Asset Withdrawal	Fee based on blockchain network

Educational Resources

Rekus educational resources, housed within its Learning Hub, offer a wealth of insights for cryptocurrency enthusiasts. The Info section keeps users updated on the latest trends and promotions, aiding informed investment choices. In parallel, Reku Campus provides a diverse range of educational content, catering to both beginners and advanced learners, covering blockchain fundamentals and trading strategies, bolstering users' confidence in the crypto sphere.

Delving deeper, the Analysis segment equips users with real-time crypto analysis, enhancing their understanding of market dynamics and trends. Complementing this, Reku Recap ensures users remain abreast of developments by providing timely crypto news updates. Through these robust educational offerings, Reku fosters a well-informed community, empowering users to navigate the complex world of cryptocurrency with competence and confidence.

Customer Support

Reku prioritizes responsive and accessible customer support to ensure a seamless user experience. For direct assistance, users can engage in real-time conversations through the Live Chat feature, offering immediate solutions to queries and concerns. Additionally, Reku offers email support through cs@reku.id, providing a formal channel for detailed inquiries and assistance.



Expanding its reach across various social media platforms, Reku maintains an active presence on Facebook, Instagram, Twitter, and Telegram. Users can leverage these platforms to connect with the support team, seeking guidance, resolving issues, or staying updated on the latest developments.

Exchange Comparison

Exchange	Reku	Huobi	Coinbase
Fees	0.1%-0.11%	0.20%	1.49% - 3.99%
Cryptos Available	12+	700+	100+
Regulatory Compliance	Regulated	Security Emphasis	Regulatory Emphasis
Website	reku.id	huobi.com	coinbase.com

• Reku

Suited for traders seeking a transparent fee structure with distinct Pro and Lightning Modes. Offers a diverse range of cryptocurrencies for trading and emphasizes regulatory compliance.

• Huobi

Ideal for users prioritizing security, compliance, and opportunities for earning passive income through staking and investment products. Provides a wide variety of cryptocurrencies for trading.

• Coinbase

Best for beginners with a user-friendly interface and simple buying options. Emphasizes regulatory compliance, making it suitable for users in regions with stringent regulations.

Choosing the right crypto exchange depends on individual preferences, trading styles, and specific needs.

Is Reku a Good Exchange for You？

Reku can be suitable for a variety of trading groups based on its features and offerings. Here are some target groups that may find Reku beneficial:

1. Beginners: Reku's user-friendly trading platforms and educational resources can be particularly helpful for beginners who are new to virtual currency trading. The Learning Hub provided by Reku can assist beginners in understanding trading strategies, market analysis, and risk management.

2. Experienced Traders: The range of available cryptocurrencies and leverage trading options offered by Reku can attract experienced traders who seek a diverse selection of trading opportunities and leverage to enhance their trading positions.

3. Accessible Trading: Reku's availability on both desktop and mobile platforms allows individuals who prefer trading on different devices to access and trade cryptocurrencies conveniently. This accessibility makes Reku suitable for traders who are always on the go or prefer trading on their preferred devices.

4. Community Engagement: Reku's community support and communication platforms, such as forums and social media groups, can be appealing to traders who value engagement and information sharing within a community. These platforms provide an opportunity for users to connect with like-minded traders, ask questions, and learn from each other's experiences.

While Reku may cater to these target groups, it is essential for traders to carefully evaluate their own trading needs, preferences, and risk appetite before engaging with any virtual currency exchange.

User Review

When it comes to navigating the intricate world of cryptocurrency trading, user satisfaction is the ultimate litmus test for any platform. Among the many players in the market, Reku has managed to capture the attention of traders and investors alike. With a blend of features, a user-friendly interface, and a commitment to security, Reku has garnered positive feedback from its users. Let's take a closer look at what some of them have to say:

User 1:

Reku is a reliable exchange with a stellar reputation, catering to a global community of traders. It stands out for its diverse range of assets, making it ideal for both experienced and novice traders. The user-friendly interface, equipped with technical indicators, facilitates accurate analysis and efficient trading. Reku prioritizes data security with cutting-edge systems and regular updates. This exchange is a solid choice for those seeking quality software and a secure trading environment.

User 2:

Reku, formerly known as RekeningKu, is a prominent Indonesian digital asset broker regulated by BAPPEBTI and KOMINFO. With a swift and helpful customer support system, Reku ensures prompt assistance through live chat and email. The website provides comprehensive and easily navigable information, while its fast-loading and professional design enhances user experience. Reku's official registration and oversight by BAPPEBTI contribute to its credibility, making it a secure option for Indonesian investors.

Conclusion

In conclusion, Reku offers a range of features and offerings that can be beneficial for traders, including a user-friendly trading platform, educational resources, and community support. The exchange implements security measures to protect user assets and has not been associated with major security breaches or significant user complaints. However, it is important for traders to carefully evaluate their own needs and preferences before engaging with Reku and conducting thorough research and comparison with alternatives is recommended.

FAQs

Q: What cryptocurrencies are available on Reku？

A: Reku offers cryptocurrencies such as Bitcoin (BTC), Ethereum (ETH), and Litecoin (LTC) for trading on its platform.

Q: How can I register on Reku？

A: To register on Reku, you can visit their website and click on the “Sign Up” or “Register” button. Then, provide the required personal information, complete any additional verification steps, and agree to the terms and conditions to create an account.

Q: How can I deposit and withdraw funds on Reku？

A: Deposit and withdrawals are available through bank transfers, E-wallets, and cryptocurrencies.

Q: Does Reku provide educational resources for traders？

A: Yes, Reku provides educational resources through the Learning Hub to enhance users' understanding of virtual currency trading strategies, market analysis, and risk management.

Q: What is the customer support availability of Reku？

A: Customer support is provided by Reku through live chat, email, and social media channels.

Q: Who can benefit from using Reku？

A: Reku can be beneficial for beginners due to its user-friendly platforms and educational resources. Experienced traders may also appreciate the range of available cryptocurrencies and leverage trading options. Individuals who prefer accessible trading on different devices may find Reku suitable, and those who value community engagement can benefit from Reku's support and communication platforms.

Risk Warning

Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only.