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Sakete, Benin Republic
4 Level
207 Review
581 Karma

Review on Indodax by Temitope Babatunde

Revainrating 4 out of 5

Are You Interested In Trading With Rupiah, Indodax Exchange May Be Good For You.

Indodax exchange was founded in 2013 as bitcoin Indonesia before it was changed in 2018 to indodax. The exchange is the largest in Indonesia having the users base of over 1.6 millions users.

The exchange was founded with Indonesia peoples in view because all its programs are about Indonesians. For example, you can deposit Indonesia rupiah, which is the legal tender of Indonesia and the deposit will be confirmed almost immediately.

The exchange was founded with Indonesia peoples in view because all its programs are about Indonesians. For example, you can deposit Indonesia rupiah, which is the legal tender of Indonesia and the deposit will be confirmed almost immediately.

While cryptos deposit are feeless the same thing can not be said of fiat deposit which attracts 1 percent deposit fee. When withdrawing, there are fees to be paid also depending on the coin you're withdrawing. During trading only takers paid 0.3 percent fee while makers pay nothing, this makes the platform highly competitive and attractive.


The security of the exchange is highly dependable too, there are two levels of verifications before you can access your account, which is 2 factor authentication through email and sms. You can also access your account at go by using their mobile application.The exchange take the matter of security, speed and simplicity very serious.

So if you intend to trade using Indonesia rupiah and some cryptos, indodax may worth your consideration.



Pros
  • Specifically made for Indonesians and it is the largest exchange there
  • Deposit of Indonesia rupiah with 1 percent fee.
  • The support is awesome open 24/7, even during the holidays.
  • Trading with crypto to crypto is feeless
  • Makers trading fee is zero percent
  • There is referral affiliate commission of 25%
Cons
  • Users from other countries can not deposit their currency
  • Withdrawal from the exchange to bank can take up to one bank day.
  • No credit or debit card deposit.

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