Review on Indodax by Bünyamin Sevinç
Indodax
In my post today, I will talk about another stock exchange, Indodax.
For this exchange, I can say it is one of the biggest crypto exchanges in Indonesia.
Also this platform is central. Indonesian users can buy and sell Bitcoin, Ethereum and Ripple with their local currency.
Both Apple and Android version are available on mobile.
The interface of the website is very useful and transparent.
English, Chinese and Indonesian languages are available on the site.
I can say that customer service is always ready to help. Because you can easily communicate by phone, e-mail and live chat. Also the support is quick to respond.
The exchange uses some of the excellent security measures like 2FA (two-factor authentication), email and SMS authentication.
But the swap is probably good for Indonesia, if you are not there you have to do KYC. This process can be long and tedious, of course.
You can deposit money by bank transfer. However, credit cards are not allowed for some reason.
In addition, I can say that I think despite all the good things, the stock market has an unreasonably high fee. You can lose a relatively large amount of money when trading here. But as I said, the barter is good but the fee is still high. This ratio is like 0.30.
As a result, it is aimed at Indonesian consumers, but is also expanding its operations for users all over the world. I can say that the platform is user friendly and secure.
Thank you to everyone who reads and those who do not.
Pros
- Mobile version available (iOS and Android).
- Useful and transparent website
- Advanced language support and 3 language support
- Fast and active customer support
- Security measure such as 2FA, email and SMS
- Bank transfer available
Cons
- Mostly intended for users in Indonesia (KYC as an example).
- High fee in trading
- Credit cards are not allowed
