Review on Indodax by José A Rodríguez
INDODAX: Offering Cryptocurrency Exchange for the Indonesian Market
Since the trading volume of Bitcoin increased, more services have been needed. Cryptocurrency exchanges are part of it. For that reason, excellent world-leading companies bet to offer their services to people in different zones of the world. Although they seem limited, they are not because sometimes countries need special attention to overcome current financial issues and cryptocurrency investments are the solution.
So, although time keeps running and cryptocurrency-services are increasing, the exchange option of Indodax belongs only to Indonesia. This company has not considered expanding its servers around the world. However, it is still a nice service for thousands of users who joined the platform. This exchange located in the southwest of Asia offers short but great benefits for trading. First of all, it just manages a defined selection of tokens, it is not wide. Second, it assets payments and deposits in the original default money of that country, Rupiahs. This fact brought their clients, unlimited chances for trading as well as good opportunities to increase their chances of managing other cryptocurrencies.
The security of this exchange follows the original patterns. It depends on the 2-factor-authentication process. It might not be the most secure, but there have not been any hacks until now. On the other hand, the commissions for trading are short. Customers receive excellent promotions when trading with great volume, instead. Finally, Indodax is actively present in social media with an open community. They upload new information about the services, and people are expecting new additions for the coming months.
Personally, Indodax has been created as an essential tool for those now investors living in the zones where the service is present. During years they have had the chance of experiencing alternatives for increasing the value of their money. Likewise, this virtual service, although has not many benefits like other global companies, is still necessary because it operates freely with the most tradable tokens of today.
Pros
- Excellent trading view. Frequently updated with the last transactions and the general margin of sales. Besides, the mobile app is even better and easy-to-use, it is adaptable to the user's needs and keeps some features of the web version.
- Dozens of exchanges are listed to the major services of Indodax like an alternative to making the transactions between crypto-assets and fiat money easier. All of them are of great support to the users there.
- Although it is a short service, it has a stable partnership with two leading companies that frequently boost it to assess new projects.
Cons
- The service just permits fiat-currency exchanges with the national currency of the country. Rupiahs have not a big value in the overall market, but tradable local currencies like dollars or euros are not permitted.
- Exchange based just for small geographical zones. Many alliances' requests have been submitted as part of the growth of the company, but until now they are rejected.
- The security system is not the safest. It just depends on messages sent to mobile phones or emails.
New products
Comments (1)
July 29, 2020
Indodax exchange makes the service to be more convenient because but supports mobile device. The investors can trade whenever they choose to. It is secure with two factors authentication.
