INDODAX review

INDODAX review
INDODAX review

Where is  INDODAX (previously known as Bitcoin.co.id) located? As we’ve mentioned above, the exchange is located in Indonesia and aimed at working with Indonesian rupees (IDR) since 2013. In addition to Bitcoin, you will also find several Bitcoin.co.id alternative tokens such as:

  • TEN

  • ABYSS

  • ACT

  • ADA

  • AOA

  • ATOM

  • BAT

  • BCD

  • BCH

  • BSV

  • BNB

  • BTG

  • BTS

  • BTT

  • COAL

 

  • EM

  • EOS

  • ETC

  • CARD

  • GSC

  • GXC

  • HNST

  • HPB

  • IGNIS

  • INX

  • LINK

  • LTC

  • MBL

  • ETH

  • CRO

 

 

  • IOTA

  • MKR

  • NEO

  • NPXC

  • NXT

  • OKB

  • ONT

  • PAXG

  • PXG

  • QTUM

  • SSP

  • SUMO

  • RVN

  • TRX

  • USDT

  • USDC

 

  • VIDY

  • WAVES

  • XLM

  • XEM

  • XNR

  • XDCE

  • XRP

  • ZEC

  • VSYS

  • XZC

  • DAD

  • DAI

  • DGX

  • DASH

  • DAX

  • DOGE

 

INDODAX reviews 2 languages, Chinese, English and Indonesian. You can select it in the upper right corner.

INDODAX review

INDODAX already has more than 1.6 million registered users. The exchange has quite a large volume of trades. This is the largest platform in Indonesia, so do not be afraid of INDODAX scam. A little later we will also answer the question “Is INDODAX safe?” But now, let’s review INDODAX fees that the exchange takes for trading and other transactions

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INDODAX fees

There are several types of commissions on the platform. In the Help Center, there is a detailed post about all fees for each currency. Below you can see them all, but the main commission is 0.3% for the market taker. Is INDODAX legit? Well, it isn’t really regulated, but the 10% tax is included in fee.

INDODAX fees

Also, pay attention to all the notes, and detailed fees that differ for each asset, to avoid being surprised.

 

INDODAX limits can be found in Help Cent. For example, the daily minimum limit on the withdrawal is 100 million IDRs, while daily maximum limit is 200 million IDRs. But you can increase it by following the instructions:

Is INDODAX safe?

For security on the platform, you should use multifactor authentication.

Is INDODAX safe

Also, you need to verify your INDODAX login in order to be able to use all the functions of the exchange.

If you have any questions, please visit the Help Center. There you can find a lot of useful information, for example, “how to use INDODAX” or “how to buy on INDODAX“. If you can’t find the answer you need, you can always contact INDODAX support via mail. Also, there are all the addresses of offices that you can personally visit and also INDODAX phone number.

INDODAX phone number

The exchange has been operating for 7 years on the market and during this time there were no cases of INDODAX down. This gives hope that there is still no INDODAX fraud.

And now let’s sum up our INDODAX review 2020.

PROS
  • The largest exchange in Indonesia;
  • Commission 0.3% for the taker for exchanging a fiat currency for a cryptocurrency;
  • The exchange accepts WeChat pay, vouchers, cash, wire transfer from any local bank, e-wallet;
  • Mobile app;
  • Quick purchase (from 15 minutes to 1 hour);
  • Good referral program;
  • Low minimum transaction limits.
CONS
  • Supports only one fiat currency – IDR;
  • Cards are not accepted;
  • There are fees for withdrawing money;
  • The platform is not regulated.
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