What is Indodax?
Established in 2014, Indodax (formerly known as bitcoin.co.id) stands as a centralized cryptocurrency exchange registered in Indonesia. The platform has garnered a reputation as the largest marketplace for buying and selling digital assets, including popular cryptocurrencies like Bitcoin, Ethereum, and Ripple.
Impressive Market Presence
As of November 2019, Indodax boasts a comprehensive selection, with more than 64 listed coins and 75 trading pairs. The exchange takes pride in having over 2 million registered members, highlighting its significant influence in the Indonesian cryptocurrency market.
User-Centric Approach
With a commitment to customer satisfaction, Indodax positions itself as a customer-centric company. The team emphasizes features that prioritize ease of use, allowing users to conveniently purchase digital assets with the Indonesian Rupiah (IDR) within an hour.
Regulatory Compliance
Indodax underscores its legitimacy by being officially registered with the Commodity Futures Trading Regulatory Agency (BAPPEBTI). The exchange proudly displays its registration number: 002/BAPPEBTI/CP-AK/01/2020, showcasing adherence to regulatory standards in Indonesia.
Extensive Cryptocurrency Offerings
Known for reliability and security, Indodax provides a robust platform for users to trade over 200 different types of cryptocurrencies. The diverse range of options contributes to its popularity among cryptocurrency enthusiasts in Indonesia.
In summary, Indodax emerges as a prominent cryptocurrency exchange in Indonesia, offering a user-friendly experience, extensive cryptocurrency options, and regulatory compliance, establishing trust within the ever-evolving digital asset landscape.
What are the trading fees on Indodax?
Withdrawal Fee 0.0005
Taker Fee 0.30%
Maker Fee 0.00%
Does Indodax offer leverage trading?
Indodax does not currently offer margin trading or leverage options.
Is Indodax safe?
While many major CEXes boast stronger firewalls than most governments, history has witnessed numerous instances where exchanges have fallen victim to hacks, resulting in the loss of customer funds. DEXes are generally safer option as you have control over your funds at all times as long as blockchain is up and running. Its all based off contract code so you can clearly look whats behind the scenes, and how their contracts work.
Does have customer support?
Almost all exchanges provide customer support, but the quality, speed and continuity of this service varies from time to time depending on the budget conditions of the companies. We recommend that you experience the support service provided by the stock exchange by asking a question to the support section on its website.
