Review on Indodax by Racheal Treasure
INDODAX, AN ONLINE EXCHANGE WITH MULTI CRYPTO ASSET TO TRADE WITH!
This crypto exchange is centralized exchange that based in Jakarta Indonesia, that was established in 2014. Though change it name in 2018 from Bitcoin Indonesia to Indodax. It is exchange with trading option such as spot and margin trading. When i was about to made a decision on choosing the exchange, i was attracted by it great features.
The registration requirement is simple, and it very easy to gain access to you password should incase you forgot it or loose it. It as forget password option that you can click on to reset your password.
There are two method of deposit is allow on the exchange platform. It allows wire transfer and Cryptocurrency. The team should think about making the provision for deposing through credit card. It worth mentioning that this crypto exchange allows fiat deposit and withdrawal in fiat currency.
Supporting mobile device makes it easy for me to get an access to the trading platform anytime i want to, even when i travel.
In my opinion it has a reasonable trading fee, if you compare it to other exchange.
I never experience any security issue on the exchange platform. There are security measures that was put in place such as two factor authentication, you will also received SMS and Email verification on any transaction done on the platform.
In conclusion, It one of the exchange that has good reputation and that i had tested in crypto community. It keeps updating the user about the platform and tells them about the new development through it social medial platform and update can be access in the exchange platform.
Pros
- Users friendly
- Reasonable fee
- Good customer desk
- Multi crypto exchange platform
- Supports mobile device
- It is a secured platform with a two factor authetication
Cons
- Some countries are restricted
- Credit card is not part of deposit method
New products
Comments (2)
January 17, 2021
I am using the mobile app to access the exchange, i really has a great experience from it. Though some country is not allowed to use the platform, you can check if you country is among the restricted one on the platform. I find it to be user friendly.
January 01, 2021
It really good exchange with a great and wonderful features. Though most of the users of the exchange is from the Indonesia, all people around the world can trade on the crypto exchange platform. It is simple to use by anyone.
