Review on Indodax by David Olayide
Indodax Is A Real Competition.
Indodax is a cryptocurrency exchange platform that is based in Indonesia and it has gained a lot of attention right from its inception. The platform has a solid reputation for its very fast transactions mostly in Indonesia. From what I have gathered the platform is always active no breaks or holidays even. And it is all so that investors can trade their cryptocurrencies all day and all year long. They focus mostly on the speed, simplicity and security of their transactions. No doubt these features will attract a lot of clients and investors.
This trading and exchange platform is not open to US based investors though, so if you reside in the US geographically, you might have to find yourself, another trading platform. The interface of Indodax is very simple and easy to understand. I can say that it is appropriate for new crypto investors who won't have trouble locating the buy and sell buttons. For more experienced crypto investors, I didn’t see more complicated features that a veteran might be interested in.
You can access the platform from your mobile device in case you need to trade or transact your business while moving. From my experience the mobile app is very comfortable to use so there should be no problems. Regarding the transaction fees, you pay nothing but 0.00% when trading between cryptocurrencies. For withdrawal the fees are still below average, and this is just so impressive!
Deposits can be made through wire bank transfer but not through credit card which are not accepted. Fiat deposit is fully supported and that really makes it easier and interesting to use the site. For security, the 2FA and email or SMS verification protocols are utilized.
This is one trading platform I can recommend from my experience to all crypto traders.
Pros
- Mobile app to facilitate trading on the go
- Very cheap charges
- Secured with 2FA and email or sms verification
- 24/7 and all year round availability
Cons
- US investors cannot use the platform
