Best Crypto Exchange In Indonesia

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In this review, we go over the best crypto exchanges in Indonesia. We have tested and evaluated 133 crypto exchanges in 8 distinct categories. We analyzed all aspects of their offering, including trading platforms, apps, trading costs, assets, deposits & withdrawals, customer service, liquidity, and security. 

The platforms with the highest scores are in the list below. 

Top 5 Crypto Exchanges In Indonesia

  1. Crypto.com – Best overall exchange in Indonesia.
  2. Coinmama – Excellent platform with an intuitive interface.
  3. Kraken – Sophisticated trading tools for experienced investors.
  4. Binance – Well-established cryptocurrency trading platform with large trading volumes and liquidity.
  5. Coinbase – Great trading platform and low fees.

Best Crypto Exchanges In Indonesia – List

ExchangeOverall ScoreGeneral infoFees (Maker/Taker)Spot Volume (BTC)
#1Crypto.com4.3Best overall1.99%/1.99%$451,706,550
#2Coinmama2Excellent platform with an intuitive interface0.01%/0.00%$808,571
#3Kraken4.5Most trusted exchange0.16%/0.26%$53,964,331
#4Binance4.3Best altcoin portfolio0.1% /0.1%$806,899,070
#5Coinbase4.4Best crypto trading platform1.99%/1.99%$451,706,550

This section below breaks down the best crypto trading platforms in Indonesia, beginning with the best rated…

01. Crypto.com: Best Overall Crypto Exchange 

crypto.com-rating

Crypto.com is a popular crypto exchange in Indonesia. It offers industry-leading crypto trading services with access to NFTs, staking, e-wallets, and crypto trading tools. Crypto.com has an intuitive mobile app with a simple design. It is available on Android and iOS devices. 

Crypto.com offers its customers a company credit card that provides rewards to account holders. Holding specific cryptos comes with extra bonuses. Crypto.com has an excellent portfolio with 250 crypto coins, including Bitcoin, Litecoin, and Ethereum. 


02. Coinmama: Best Beginner-Friendly Exchange 

coinmama-rating

Coinmama has an excellent reputation as a secure exchange with user-friendly services. It offers high-security standards and a good user experience. 

Coinmama has an intuitive platform with simple services for buying and selling digital coins. Professional traders will miss pro features and tools. Coinmama has a transparent fee structure with trading fees above the industry average. 


03. Kraken: Best Secure Crypto Exchange 

kraken-rating

Kraken is a leading cryptocurrency exchange with an excellent reputation and history in the industry. It offers premium security and uses industry-leading technology for its platforms. It is a good fit for intermediate and professional crypto traders. 

Kraken has a proprietary trading platform with access to low trading costs, margin, and futures trading. It offers valuable learning tools and has a quick buy feature. The Kraken mobile app is available on iOS and Android devices. This exchange provides consultation and management services to high-net-worth traders. 


04. Binance: Best Exchange With A Comprehensive Altcoin Portfolio 

binance-rating

Binance is the biggest global exchange in the industry. It has an impressive selection of coins with access to both popular and less popular altcoins. It has a simple fee structure with low crypto trading costs. 

This exchange offers advanced account features, including OTC trading and rewards. Account-holders receive incentives depending on the coins they hold in their account. The Binance app is professional and has fast execution rates. We recommend Binance for professional traders who appreciate the high spot trading volumes. 


05. Coinbase: Best Exchange With Fast Trade Execution 

coinbase-UAE-rating

Coinbase is a well-established exchange with attractive buying, selling, and trading solutions. It is a good fit for traders at all levels. Coinbase has a reliable portfolio with 100+ cryptos and fast trade execution. It offers rewards and incentives for trading. 

Coinbase has a dedicated professional platform with competitive fees. Coinbase Pro has professional tools, including advanced indicators, stop-loss orders, and charting. The standard Coinbase platform has fees above the industry average. 


How To Choose A Crypto Exchange? 

To choose a crypto exchange, you need to consider the trading costs, platforms, apps, deposits & withdrawals, portfolios, safety protocols, liquidity, and customer service. 

Fees: Look out for crypto exchanges with a transparent fee structure. Avoid providers with high trading fees, overnight fees, and hidden costs. 

Trading Platforms: Platforms need to have an intuitive design. Choose an exchange with user-friendly platforms and access to helpful trading tools. 

Mobile Trading: Access to a secure mobile trading app contributes to an excellent crypto trading experience. Crypto apps need to offer the same tools and charts as their web versions. 

Deposit & Withdrawal: Select an exchange with different payment methods and straightforward withdrawals. 

Assets: We recommend you choose a crypto exchange with a versatile portfolio. You should avoid exchanges that don’t offer popular altcoins. 

Customer Support: New and intermediate crypto traders need access to professional customer service. Look out for an exchange with responsive and knowledgeable support available in your language. 

Liquidity: High trading volumes and liquidity ensure you will sell your cryptos and won’t lose your money. 

Security: You should use a centralized exchange that follows strict rules and has an excellent reputation. Look for providers offering proof of funds and penetration tests. 

*Safety Risks For Indonesian Citizens

Trustworthy cryptocurrency exchanges for Indonesian citizens are government-regulated and have trading licenses. Larger exchanges have a banking history.

Regulation Of Cryptocurrency Exchanges in Indonesia

As of this writing, there are no clear regulations for cryptocurrency exchanges in Indonesia. The Indonesia Financial Services Authority (OJK) says crypto trading is legal, but financial institutions cannot use crypto coins as payment tools. The Commodity Futures Trading Regulatory Agency (BAPPEBTI) recognizes and regulates Bitcoin and other cryptos as commodities. All transactions and crypto exchanges are subject to the regulatory requirements of BAPPEBTI. 

Is Cryptocurrency trading legal in Indonesia?

Cryptocurrency trading is legal in Indonesia, but the BAPPEBTI and the Bank of Indonesia prohibit using cryptos as payment tools. Cryptos are not viewed as financial products but as consumer goods or assets. Most governments assess cryptocurrency trading with capital gains taxes. 

How To Start Trading With – Crypto.com

Crypto.com is a popular exchange in Indonesia because of its helpful portfolio, trading tools, and intuitive app. Below are the necessary steps you need to take to trade with Crypto.com. 

Step 1: Open up the Crypto.com official website 

Find the link to download the Crypto.com app under this link here – https://crypto.com/eea/app

Step 2: Download the app and click on the “Sign Up” button 

Download the Crypto.com app on your device and create a new account. Add your email address and select a password. 

Step 3: Verify your Crypto.com account 

To buy cryptos with Crypto.com, you need to open an account, verify your account, and make a deposit. After signing up, you’ll receive an email with additional steps to take to verify your Crypto.com account. 

Step 4: Buy cryptocurrency 

Access the Crypto.com app and look out for the asset portfolio. Choose your preferred coin and buy, hold and sell fractions of the asset. To own crypto, you don’t need to buy the whole coin. 

Conclusion

Crypto.com is the best cryptocurrency exchange in Indonesia. It offers competitive crypto exchange platforms, a secure mobile app, and a valuable asset portfolio. Coinmama comes in second place as the best beginner-friendly exchange with intuitive services.  

FAQ

What Is A Centralized Crypto Exchange? 

A centralized crypto exchange is a private company with access to exchange platforms for digital coins. This type of exchange follows strict rules and request identification, known as the Know Your Customer rule. 

What Is A Decentralized Crypto Exchange? 

A decentralized crypto exchange (DEX) represents an exchange provider with no central control point. It works as a server and has a copy of the entire exchange on different devices. A DEX uses the “automated market maker” protocol and liquidity pools generated by users. It doesn’t need a central trading desk. 
A DEX doesn’t follow the rules of any regulatory authority. It is challenging to hack directly but comes with significant safety risks if misused. If you want to trade on a decentralized exchange, you should know you risk losing all your money. 

Is Crypto Taxable In Indonesia? 

Yes, the Ministry of Finance has set a 0.1% tax on crypto assets and capital gains from online transactions. 

Can I Cash Out Bitcoin In Indonesia? 

You can cash out Bitcoin in Indonesia using a crypto exchange, a Bitcoin ATM, or a P2P Marketplace. Each selling method comes with different fees and commissions. 


Disclosure

All trading involves risk. More than 80% of investors lose in spread bet and CFD trading. As these complex instruments allow for the use of leverage, there is a high risk of losing more money than you have deposited. Before attempting to participate in spread bets and CFDs, consider how well you understand them and if you can afford to lose your money.

Disclaimer

eToro is a multi-asset platform that offers both investing in stocks and crypto assets, as well as trading CFDs. Please note that CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.75% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money. Past performance is not an indication of future results. Cryptoassets are volatile instruments that can fluctuate widely in a very short timeframe and therefore are not appropriate for all investors. Other than via CFDs, trading crypto assets is unregulated and therefore is not supervised by any EU regulatory framework.

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Braden Chase is an investor, trading specialist, and former research specialist for Forex.com who helps aspiring investors develop the confidence and habits they need to make an income from the market. Braden has served as a registered commodity futures representative for domestic and internationally-regulated brokerages and has also spoken & moderated numerous forex and finance industry panels across the globe.

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