Indodax Review: the Best Crypto Exchange in Indonesia

Indodax Review — Rekt Money

Indodax is a new name from “Bitcoin Indonesia” on 14 March 2018. They have almost 2.5 million registered users and is steadily gaining traction in the cryptocurrency world.

For Indonesians, they can convert Indonesian Rupiah (IDR) directly purchase digital assets, including the withdrawals 24/7.

Indodax put an emphasis on privacy, simplicity and speed. These are all things that most cryptocurrency traders deem essential in their choice of trading platform.

Indodax also has a very good UI trading software. They also provide mobile app that interconnected to the web app. The platform is also mobile-optimized, so if you want to trade on the go, that’s fine with this site.

For social forum, Indodax is having a partnership with a social enterprise called Bitisland. This is a project to make Bali’s tropical paradise a bitcoin island. The process of doing so is basically to raise the amount of locations that accept Bitcoins as payment for goods and services, as this would eventually lead to many more visitors coming to Bali to spend Bitcoins. In reality, a really fascinating project!

Indodax provides wire transfer as a deposit form, but credit cards are not an approved deposit method. Whether you’re bound to use your credit card, that’s a drawback to you. However because the exchange allows deposits in fiat currencies at both, it separates itself from many other exchanges that only allow deposits in cryptocurrencies.

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