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5 Best Crypto Exchanges In Indonesia 2024

Publisher

February 7, 2024
Best crypto exchanges in indonesia

Choosing the proper crypto exchange can be challenging for a crypto trader or investor in Indonesia. There are many factors to consider, including security, products & features, supported payment methods, etc. However, it is essential that the exchange is fully licensed and obeys the rules and regulations of the Indonesian Commodity & Futures Trading Regulatory Agency (BAPPEBTI) for crypto trading in Indonesia.

 

Top 5 Crypto Exchanges in Indonesia Reviewed

This article features the five best crypto exchanges in Indonesia and everything you need to know to choose a platform that suits your needs. They include:

  1. Bitget – Best Exchange overall in Indonesia
  2. Binance – Largest Crypto Exchange in Indonesia
  3. Indodax – Local Indonesian Crypto Exchange
  4. Bybit – Best Derivatives Exchange in Indonesia
  5. OKX – Best Exchange for Institutions in Indonesia

 

1. Bitget

Bitget stands out as the best all-rounder crypto exchange for users in Indonesia. The platform is fully licensed and operates legally in over 180 countries, including Indonesia.

With over 500 available digital assets, advanced trading options, some of the lowest trading fees, adequate security, and a wide range of passive income products, Bitget is one of the best crypto exchanges in Indonesia for active trading.

 

What makes Bitget special is its advanced trading tools and options, including copy trading, bot trading, spot trading, and futures trading, with leverage of up to 125x on derivatives and perpetual contracts.

Another thing about Bitget is that it adequate security and provides proof of reserves to safeguard user funds. That makes it a secure and reliable platform for users in Indonesia.

Additionally, users can also earn passive income through various opportunities on the forum, including Savings and staking.

Lastly, Bitget has native Indonesian language support and also supports the Indonesian rupiah (IDR) for payments. Users can buy crypto with IDR through Visa/Mastercard or P2P trading via PayPal, WebMoney, bank transfers, and more.

If you want to learn more about Bitget, check out our full Bitget review.

Spot Fees: 0.1% maker / 0.1% taker

Futures Fees: 0.02% maker / 0.05% taker

Supported Cryptos: 500+

Futures Contracts: 240+

IDR Payments: Visa/Mastercard, PayPal, WebMoney, and more.

Customer Support: 24/7 live chat support

👍 Pros👎 Cons
✅ Low trading fees❌ Extremely advanced crypto exchange
✅ Copy trading❌ Advanced trading tools can be confusing for beginners
✅ 500+ cryptocurrencies
✅ Full proof of reserves

 

Visit Bitget!

 

2. Binance

Binance is the largest crypto exchange in the world, with over 120 million users across 180 countries, including Indonesia. The platform is fully licensed and is compliant with the guidelines of BAPPEBTI for crypto trading.

Another thing about Binance is its extensive range of trading options, such as spot trading, margin trading, and futures trading for over 350 cryptocurrencies.

Furthermore, Binance supports NFT trading, offering users an NFT marketplace for buying and selling NFTs.

Binance stands out because of its high liquidity, advanced trading tools, cheap transaction fees, high leverage, and discounts for users who pay with the Binance token, “BNB,” and the Binance Smart Chain blockchain network.

Additionally, users can also access various passive income products, including mining, staking, and lending.

Lastly, Binance has native Indonesian language support. Although the platform doesn’t offer deposits for the Indonesian rupiah (IDR). Users can buy crypto with IDR through a Visa/Mastercard or Google Pay or P2P trading via local bank transfer, International transfer, online wallet, cash, and more.

If you want to learn more about Binance, check out our full Binance review.

Spot Fees: 0.1% maker/ 0.1% taker

Futures Fees: 0.02% maker/ 0.04% taker

Supported Cryptos: 380+

Futures Contracts: 260+

IDR Payments: Credit/Debit Card and P2P trading via Online wallet or cash.

Customer Support: 24/7 live chat

👍 Pros👎 Cons
✅ Low trading fees❌ Advanced tools can be confusing for beginners
✅ High liquidity❌ Poor regulation
✅ Advanced trading tools
✅ Full proof of reserves

 

Visit Binance!

 

3. Indodax

Indodax is the largest crypto exchange in Indonesia, with over 5 million users across over 40 countries. The platform is licensed and directly supervised by BAPPEBTI, which makes it regarded as one of the most trusted exchanges in the country.

What makes Indodax special its adequate security for the Indonesians as it is entirely overseen by the Indonesian regulatory body and implements advanced security measures, including two-factor authentication and cold storage. They also provide proof of reserves.

Furthermore, Indodax only offers spot trading. Fees are 0% for makers and 0.3%(+0.21% processing fee) for takers. Crypto deposits are free. Users can use direct bank transfers for deposits and withdrawals for IDR deposits, which attracts a 10% fee.

Fees: 0% maker/ 0.51% taker. Trading fees are 0.51%. The fee is 10% for IDR deposits and withdrawals.

Supported Cryptos: 200+

Regulation & Licensing: Registered and directly supervised by BAPPEBTI and Kemkominfo.

Customer Support Options: 24/7 live chat

IDR Payments: Bank Transfer, E-Wallet & Cash.

👍 Pros👎 Cons
✅ Adequate security❌ Only IDR is supported for payments
✅ Operates under the license of BAPPEBTI❌ High deposit and Withdrawal fees
✅ Wide range of supported cryptos
✅ User-friendly

 

Visit Indodax!

 

4. Bybit

Bybit is one of the most advanced crypto derivatives trading platforms for users in Indonesia. With over 400 cryptos, 100x leverage, some of the lowest trading fees, and high liquidity, Bybit is the perfect option for advanced traders in Indonesia.

The platform is fully licensed and is compliant with the guidelines of BAPPEBTI for crypto trading.

What makes Bybit special is its advanced futures trading feature, as it offers advanced trading tools, including real-time charts and advanced order types.

Furthermore, users enjoy fees as low as 0.02% for makers and 0.055% for takers, with leverage of up to 100x on derivatives and perpetual contracts. That makes Bybit one of Indonesia’s best options for active futures trading.

Additionally, Bybit offers a wide array of income opportunities and trading options, including Copy trading, NFT trading, liquidity mining, staking, etc. That makes the platform a versatile choice for traders and investors.

Lastly, the platform has native Indonesian language support and also supports the Indonesian rupiah (IDR) for payments. Users can buy crypto with IDR through Visa/Mastercard or P2P trading via debit cards, credit cards, cash, and more.

If you want to learn more about Bybit, check out our full Bybit review.

Spot Fees: 0.1% maker/ 0.1% taker

Futures Fees: 0.02% maker/ 0.055% taker

Supported Cryptos: 432+

Futures Contracts: 200+

IDR Payments: Visa/Mastercard and P2P trading via debit/credit cards or cash.

Customer Support: 24/7 live chat

👍 Pros👎 Cons
✅ Low fees❌ Advanced features can be confusing for beginners
✅ Copy trading and passive income products❌ Not available in the United States
✅ Wide range of supported cryptos
✅ Great mobile app

 

Visit Bybit!

 

5 .OKX

OKX is a flexible crypto exchange that offers 3 different versions depending on how you trade.The exchange has a beginner-friendly Lite version for beginners, a Pro version with advanced trading tools for experienced traders, and a Web3 option for NFT traders. This makes OKX an attractive platform for users of different experience levels.

Furthermore, OKX is fully licensed and is compliant with the guidelines of the BAPPEBTI for crypto trading in Indonesia.

With over 350 supported cryptos and various trading preferences, including spot, futures, perpetual swaps, and options trading, OKX is one of Indonesia’s most advanced crypto exchanges.

What makes OKX special is it numerous supplementary features to improve the trading experience for users. These include automated bot trading, savings, stablecoins, DeFi opportunities, staking, ETH 2.0, etc.

Additionally, OKX provides adequate security and proof of reserves that back all user funds on the platform.

Lastly, the exchange has native Indonesian language support and also supports IDR for payments with low fees. Users can buy crypto with IDR through Visa/Mastercard, Gopay, ShopeePay, and P2P trading via bank transfers, cash payments, online wallets, and more.

If you want to learn more about OKX, check out our full OKX review.

Spot Fees: 0.08% maker / 0.1% taker

Futures Fees: 0.02% maker / 0.05% taker

Supported Cryptos: 350+

IDR Payments: Credit/Debit Card, Bank Transfer, GoPay, ShopeePay, and more.

Customer Support: 24/7 live chat support.

👍 Pros👎 Cons
✅ Low trading fees❌ Limited liquidity for specific currencies
✅ Copy trading❌ No demo account
✅ Advanced trading features
✅ Automated trading bots

 

Visit OKX!

 

How to Buy Bitcoin and Other Cryptos in Indonesia

Buying Bitcoin and other cryptocurrencies in Indonesia is straightforward. Follow the step-by-step guide below:

  1. Choose an Indonesia-supported crypto exchange from the exchanges listed above
  2. Sign up to the platform and verify your identity through the KYC verification
  3. Deposit IDR through the most convenient and cost-effective method on the platform
  4. Make use of the “BUY CRYPTO” option on the exchange to purchase Bitcoin or any other crypto of your choice
  5. Secure your asset by sending it to a private wallet for optimal security

 

Final Thoughts

In conclusion, buying, selling, and trading cryptocurrencies in Indonesia is legal, straightforward, and secure through the exchanges listed above. Overall, Bitget is the best crypto exchange in Indonesia due to its supported assets, low fees, payment methods, user experience, and more.

  • Binance, Bybit, and Bitget are the best options for a wide range of passive income products.
  • For a beginner-friendly trading experience, OKX is the best option
  • For low trading fees and generous discounts, Binance and Bitget are the best options
  • Overall, Bitget is the best option for users in Indonesia due to its advanced features and products, a wide variety of coins, passive income products, and many more.

 

FAQs

Is Crypto Legal in Indonesia?

Yes, cryptocurrency is legal in Indonesia. It is fully regulated by the Indonesian Commodity and Futures Trading Regulatory Agency.

Which Crypto Exchange is Best For Beginners in Indonesia?

OKX is the best crypto exchange for beginners in Indonesia as it offers simple trading tools and a simple interface that is easy to navigate for beginners.

Which Crypto Exchange is The Safest in Indonesia?

Indodax is the safest crypto exchange in Indonesia as it is fully regulated by the Indonesian Commodity and Futures Trading Regulatory Agency. The exchange also implements advanced security measures and provides proof of reserves.

Where Can I Buy Crypto in Indonesia?

You can safely buy crypto from Indonesia-supported crypto exchanges in the top list above.

Which Crypto Exchange is The Best in Indonesia?

Overall, Bitget is the best crypto exchange in Indonesia as it offers the highest number of supported cryptos, low trading fees, high leverage, and an extensive array of trading options to give users a smooth trading experience.

 

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