Review on Indodax by Sheila Cova

Name: Indodax
Item: Indodax
Rating: 4

May 19, 2020

Indodax

It is an online platform located in Indonesia, used to buy and sell digital assets like Bitcoin, Ethereum, Ripple, and dozens of other digital assets using Rupiah.
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Pros

It has applications for both mobile phones and PCs.
As of November 2019, the exchange has more than 64 listed currencies and 75 trading pairs.
Indodax claims to be officially registered with the Commodity Futures Trading Regulatory Agency (BAPPEBTI) with the registration number: 002 / BAPPEBTI / CP-AK / 01/2020
It is the largest digital asset exchange in Indonesia and Southeast Asia with more than 1.6 million registered members.
Indonesian rupiah deposits will run immediately. Withdrawals take approximately one bank day. However, BTC deposits and withdrawals are executed immediately.
The buy and sell interface makes the experience easily understandable for new crypto investors.
Act as a sponsor of a social project called Bitisland. This is a project to make the tropical paradise of Bali a Bitcoin island. The process for doing so is essentially expanding the number of places that accept Bitcoins as payment for goods and services, as that will ultimately likely lead to more tourists coming to Bali to spend Bitcoins.

Cons