Review on Indodax by Inioluwa Okedeji
Indodax: An Exchange For The Indonesian Populace
Indodax is an Indonesian exchange platform launched in 2014, where bitcoin, ethereum, litecoin and other cryptocurrency assets are traded.
This platform was formerly known as Bitcoin Indonesia, and it allows users to trade Bitcoin and other digital currencies with the Indonesian currency.
Presently its focus is only on bitcoin but the CEO, Oscar Darmawan is making sure that other cryptocurrency assets are also focused on.
The operations on the platform are free from charges this includes transactions performed on the platform as well.
Also, platform has put in place a 2-factor authentication protocol to ensure the security of the platform.
Bonus and promotions are made available for users who trade in great volume, I believe this is an incentive to attract more users to the platform.
One drawback to this project is that, it is a stagnant one because since its inception, it hasn't expanded its borders and services which have been and are only limited to the Indoenisian zone. And it also supports a few selected tokens and digital currencies.
Pros
- Indodax is a secured exchange platform.
- Operations and transactions on the platform are free with no fees
- Promotions for high volume trading.
Cons
- It is only limited to Indonesia.
- It supports a selected few digital currencies.
