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Lagos
1 Level
120 Review
16 Karma

Review on Indodax by Natasha Williams

Revainrating 4 out of 5

The Indonesian that serves even the none Indonesian

Indodax is an Indonesian cryptocurrency trading platform that has attracted a lot of interest since its debut. The Indodax exchange platform was created by an Indonesian and is mostly for Indonesians, though they do offer services to members from other nations. The platform is well-known in Indonesia for its lightning-fast transactions. Indodax is a very simple and easy-to-understand UI. I believe it is suitable for new crypto investors who will not have difficulty identifying the buy and sell buttons. This is one trading platform that I can suggest to all crypto traders based on my own experience. The trading fees on the Indodax exchange platform astounded me. It's excessive to charge 0.3 percent to manufacturers and 0.2 percent to takers. To me, this trade charge is quite expensive. I imagine that this trading fee alone will deter many Indonesian traders, as well as outsiders. Indodax's security system is top-notch, with two-factor authentication features, as well as email and SMS verification, all of which Indodax implements to ensure that only you can conduct any type of transaction.

Pros
  • The exchange is available to non Indonesian
  • The makers fee is quite affordable
  • Supports a great deal of virtual currency
Cons
  • The withdrawal fees are high
  • The takers fee is a bit too much

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