Page Summary
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
- Crypto.com – Best overall exchange in Indonesia.
- Coinmama – Excellent platform with an intuitive interface.
- Kraken – Sophisticated trading tools for experienced investors.
- Binance – Well-established cryptocurrency trading platform with large trading volumes and liquidity.
- Coinbase – Great trading platform and low fees.
Best Crypto Exchanges In Indonesia – List
| Exchange | Overall Score | General info | Fees (Maker/Taker) | Spot Volume (BTC) | |
| #1 | Crypto.com | 4.3 | Best overall | 1.99%/1.99% | $451,706,550 |
| #2 | Coinmama | 2 | Excellent platform with an intuitive interface | 0.01%/0.00% | $808,571 |
| #3 | Kraken | 4.5 | Most trusted exchange | 0.16%/0.26% | $53,964,331 |
| #4 | Binance | 4.3 | Best altcoin portfolio | 0.1% /0.1% | $806,899,070 |
| #5 | Coinbase | 4.4 | Best crypto trading platform | 1.99%/1.99% | $451,706,550 |
This section below breaks down the best crypto trading platforms in Indonesia, beginning with the best rated…
1. Crypto.com – Best Overall Crypto Exchange
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.
Pros
- Highest security standards
- Great offer of crypto trading instruments
- Very good trading platform
- Very good research and educational tools
- Very good mobile trading application
- Very good wallet
Cons
- Slow customer service
- Very complex fee schedule (if you do not hold Cronos tokens fees are high)
- Difficult to navigate
Key features
- Spot and margin crypto trading
- Crypto payments
- Crypto.com Visa Credit Card
- Staking, crypto loans
- Proprietary Cronos tokens
2. Coinmama – Best Beginner-Friendly Exchange
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.
Pros
- Well regulated and licensed
- Easy to use trading platform
- Very good choice of deposit and withdrawal methods
- Good mobile application
- High levels of security
- Very good crypto wallet
Cons
- Limited number of crypto trading instruments
- Margin trading is not available
- Higher trading fees
- Not convenient for active traders
- No phone customer support
- Lacking some advanced features (savings, staking… )
Key features
- Spot crypto exchange for crypto investors (not traders)
- It an online crypto wallet where you can buy, sell, store and exchange most popular cryptocurrencies
3. Kraken – Best Secure Crypto Exchange
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.
Pros
- Great offer of different crypto trading instruments
- Very competitive trading fees
- Very good trading platform
- Highest security standards
- Very good trading volumes
- Very good mobile trading application
- Wide range of educational materials
Cons
- Not beginner friendly
- Slow customer support
Key features
- Spot and margin crypto trading
- Crypto earn, staking, crypto bank
- Kraken account management
- Serve corporations, wealth managers, investment funds
4. Binance – Best Exchange With A Comprehensive Altcoin Portfolio
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.
Pros
- The best daily trading volume for both spot Crypto trading and for Crypto derivatives
- The best choice of different assets to trade
- Great choice of saving and stalking options
- Very competitive trading fees
- Very good trading platform with lots of advanced features
- Easy sign-up process
- Very good choice for mobile trading
- Great deposit and withdrawal options
Cons
- Exchange has been hacked in the past
- Considerable withdrawal fees
- Customer support is sometimes hard to
Key features
- Spot and derivative crypto trading
- P2P (Peer-to-peer) crypto trading available
- Trading platform integrated with tradingview; automated trading available
- Savings, staking, crypto loans, Binance smart pool
- Binance liquid swap
- Binance Visa Card
5. Coinbase – Best Exchange With Fast Trade Execution
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.
Pros
- Strong selection of supported digital currencies
- Great trading volume
- Easy to use trading platform
- Great security standards
- Very good deposit and withdrawal options
- Great option for mobile trading
Cons
- No margin trading (Crypto derivatives)
- Customer service is sometimes hard to reach
- Fees are higher than average
- Your account can be closed depending where you send your cryptos
Key features
- Spot crypto trading
- Opportunity to earn cryptocurrencies through crypto learn
- Saving, staking, crypto borrow
- Coinbase Visa Card
- Built their own stable coin (USDC)
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.
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Disclaimer
eToro is a multi-asset platform which offers both investing in stocks and cryptoassets, 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. 68% 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. Trading history presented is less than 5 complete years and may not suffice as basis for investment decision.
Copy trading is a portfolio management service, provided by eToro (Europe) Ltd., which is authorised and regulated by the Cyprus Securities and Exchange Commission.
Cryptoasset investing is unregulated in some EU countries and the UK. No consumer protection. Your capital is at risk.
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