Review on Indodax by Joseph Bello
The Indonesian exchange that give traders one of the lowest fees in the industry
Indodax is an Indonesia exchange established by Oscar Darmawan in 2014. Initially when I heard of this exchange I thought it was meant for only the Indonesian citizen but due to my curiosity to know more about the exchange I did some research about it. I decided to go to the exchange's website to make my research and the first thing that caught my attention on the website was the multiple language option for English,Chinese and Indonesia, with this I was convinced that the exchange was also made available to foreigners to trade on. The exchange trades major currency like ETH BTC,XRP,DOGE,USDT and lots more,it has some magnificent features,the page layout was okay and the exchange is very simple to understand ,I even recommended it to a friend of mine who happens to be a newbie and I was quite surprised at how fast he was able to catch up within a day,this is an exceptional quality of this exchange. The exchange posses a good security layer mapped out to secure users transaction with an outstanding & responsive customer support.
I'm also impressed with the exchange's trading fee of 0.00% for all crypto-crypto trade and a takers fee of 0.3% for crypto to flat currency. So far the only flaw I have seen in the exchange is that it supports only the Indonesian Rupiah.
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Pros
- It has a fast transaction speed
- Has one of the lowest fees in the industry
- It is the largest exchange in Indonesia
- It has a nice user interface and security layer
- It is a profit oriented exchange
Cons
- It supports only the Indonesian rupiah
