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Indonesian Rupiah (IDR) to API3 (API3) Instantly

Purchase API3 (API3) with Indonesian Rupiah (IDR) easily at Switchere and benefit from fast, secure transactions.

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About
API3 (API3)

API3 is a collaborative project dedicated to building, managing, and monetizing decentralized APIs (dAPIs) at scale, directly addressing the blockchain oracle problem. It aims to connect smart contracts with real-world, off-chain data in a more secure, transparent, and cost-effective manner. Unlike traditional oracle models that rely on third-party intermediaries, API3 champions a first-party oracle solution. This model allows API providers to run their own oracle nodes, called Airnodes, with minimal effort. This direct data sourcing from the provider to the blockchain technology eliminates the need for middlemen, reducing attack vectors and increasing the reliability of on-chain data feeds for various DeFi applications and Web3 infrastructure.

The core of the ecosystem is the API3 token, a digital asset that functions as both a utility and governance token. Token holders can participate in the API3 DAO, which governs the entire network, including the selection of dAPIs and collateral management. Staking the API3 token is a crucial component of its tokenomics, as it provides a security collateral and an insurance-like mechanism for users of the dAPIs, guaranteeing service quality and data integrity. This cryptographic security model aligns incentives between API providers, dApp developers, and the DAO, fostering a robust and decentralized Web3 API economy.

API3 (API3)

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How to Buy API3 (API3)

  1. Select currency menu

    Choose IDR to API3 Pair

    Select your preferred payment method and enter the amount.

  2. Crypto address page

    Enter Your API3 Wallet Address

    Provide your API3 wallet address and proceed with the payment.

  3. Confirmation page

    Receive Your API3

    Complete the payment, and your API3 will be sent to your wallet.

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Frequently Asked Questions

  • What is the IDR/API3 trading pair and what does it represent?

    The IDR/API3 pair represents the direct exchange rate between the Indonesian Rupiah (IDR) and the API3 token. It allows users to purchase the API3 digital asset, which powers a network of first-party oracles. These oracles connect smart contracts to real-world data through decentralized APIs (dAPIs), a core component of the Web3 API economy.

  • What is the role of Airnode in the API3 ecosystem I access by buying IDR/API3?

    Airnode is a crucial piece of infrastructure in the API3 project. It's a lightweight, serverless oracle node designed to be easily deployed by API providers themselves, turning them into first-party oracles. When you hold API3 tokens, you can participate in the governance of this network, which relies on Airnode to deliver trustworthy on-chain data with quantitative security guarantees.

  • What security measures should I take when trading IDR for API3 and storing the tokens?

    Always use a reputable, BAPPEBTI-regulated exchange for the IDR transaction. After acquiring your API3, which is an ERC-20 token, it is highly recommended to transfer it from the exchange to a personal, non-custodial digital wallet where you control the private keys. A hardware wallet offers the highest level of security. Be vigilant against phishing scams and never share your private keys or seed phrase.

  • What are common methods to buy API3 with Indonesian Rupiah (IDR)?

    To buy API3 with IDR, you typically use a regulated Indonesian cryptocurrency exchange that lists the IDR/API3 pair. The process involves completing KYC/AML compliance, depositing IDR via a local bank transfer or e-wallets like GoPay/OVO, and then placing a buy order on the exchange's order book. This acts as a direct fiat on-ramp into the API3 ecosystem.

  • Why would someone choose a direct IDR/API3 pair over converting IDR to a stablecoin first?

    Using a direct IDR/API3 fiat gateway simplifies the process and can be more cost-effective. It avoids the need for two separate transactions (IDR to stablecoin, then stablecoin to API3), thereby reducing potential trading fees. This provides a more direct entry point for Indonesian users to invest in and participate with the API3 DAO and its oracle integration solutions.

  • Are there typical fees associated with depositing IDR on an exchange to purchase API3?

    Yes, several fees can apply. First, your payment provider (e.g., local bank or e-wallet) might charge a fee for the IDR transfer. Second, the cryptocurrency exchange itself will have a trading fee for executing the IDR/API3 buy order, often structured as a maker/taker fee. Finally, if you withdraw the API3 tokens to an external digital wallet, a network withdrawal fee will be charged to cover the blockchain transaction cost.

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