Indodax (Bitcoin Indonesia) is an Indonesian cryptocurrency exchange that launched in 2013. It offers its services worldwide, but accepts deposits in Indonesian Rupiah only.
Funding your Indodax account can either be done through Bitcoin or with Indonesian Rupiah.
Bitcoin transfer – Funding your account with Bitcoin is relatively more comfortable and cheaper. All that is needed is to generate a wallet address or scan the QR code to transfer from your wallet.
Bank Wire Transfer – Indonesia based investors can also use the bank wire transfer method to fund their trading accounts. The wire transfer is free of charge as long as it is in Indonesian Rupiah.
EasyPay Transfer – Indodax also lets international account holders fund their trading account through EasyPay.
Indodax is a cryptocurrency exchange established in 2013. It is based in Indonesia, and its primary focus is on the Indonesian market. The minimum amount required per transaction is 50,000 Rupiah.
Indodax is the largest cryptocurrency exchange in Indonesia and enjoys good reputation. Apparently it is targeting mostly Indonesian users, but the country is the fourth most populous in the world, so it is a big market.
We like the fact that the exchange offers more than just bitcoin, but other popular cryptocurrencies as well. As we have already said, the fiat-cryptocurrency trading fee is in the average for the industry and the company does not charge commission for trading between cryptocurrencies.
We also like the fact that there is a mobile trading application, which is a major advantage before other platforms and a great convenience for users.
The main drawback is that Indodax is that it only works with IDR, but, then again Indonesia is its primary market.
|Rank||Site||Margin trading||Fiat||Safety||API||Referral||Location||Languages||Buy with||User Vote||Score|
|1||A||San Francisco, USA||EN||bank transfer, card|
|3||A||No||Hong Kong||EN||EUR, USD|
|4||No||A||Europe||EN, CZ, SK||USD, EUR|
|5||A||No||San Francisco, California, United States||EN||USD, EUR, JPY, CAD|