Indonesia isn’t a big name when it comes to cryptocurrencies. However, it is proving to be a good place for crypto to thrive. The country recently embraced cryptocurrencies, welcoming assets such as Cardano that the U.S. SEC claims are securities.
Indonesia now regards almost every crypto asset as a commodity, and allows them to be traded on all local crypto exchanges. This approach signaled to the crypto community that the country is open to crypto development.
If you’re in Indonesia, this is good news for you, since you can legally access cryptocurrency assets through crypto exchanges available to the country. The following are crypto exchanges you can use to buy and trade cryptocurrencies in Indonesia today.
Capital
Capital is a big crypto exchange that also supports trading of other instruments without any trading fees. The platform supports over 100 cryptocurrencies, and offers up to 2x leverage for trading.
The spread fees are small, ranging from 0.1% to 0.3%, making it one of the cheapest trading platforms to use. You can access the exchange via your desktop, or via your smartphone’s app. The platform is also beginner-friendly, with a demo account that allows beginners to practice trading before risking their real funds.
Deposits and withdrawals on Capital are also completely free, with no trading commission. If you’re looking for a low fee trading platform to use in Indonesia, Capital is a good option to look into.
This is Indonesia’s largest crypto exchange, catering specifically to young investors. This is because the exchange has the primary intention of increasing crypto adoption among young people, and to make Indonesia a global crypto hub.
You can access the platform mainly via mobile apps for both Android and iOS devices. It supports over 200 crypto assets, giving users a lot of options to use. The exchange is also highly secure, using Multi-Factor Authentication (MFA) and a cold storage policy to keep assets secure.
Deposits and withdrawals on Indodax are instant most times, or can take a maximum of 24 hours to finalize. There are no trading or deposit fees, but withdrawal fees are fixed, depending on the asset you’re withdrawing.
Triv
Triv is another local crypto exchange in Indonesia. With its headquarters in Jakarta, the exchange was launched in 2019, but has established its presence in the country quickly. It is one exchange that is proactive, having integrated with 61 banks and financial institutions in the country, making it a preferred platform for investors.
Among other things, it has a staking platform for select crypto assets, lifetime referral rewards, including cashback commissions whenever you or your referees make purchases using the Pay Bills With Bitcoin feature.
It is also one of the few exchanges in Indonesia that provide insurance in partnership with crypto custody platform BitGo. It has also partnered with Lloyd England, an insurance company based in London.
You can access Triv via mobile app, available for both Android and iOS devices, through which you can keep track of all trades in one place. There are over 60 cryptocurrencies available, with 24/7 customer support.
KuCoin is one of the top crypto exchanges in the world, and though not located in Indonesia, is available for Indonesians to use. It offers a simple and secure platform for crypto investors to buy and trade cryptocurrencies.
Users can invest on autopilot using KuCoin’s dollar-cost averaging bot. There are four market order types as well as margins, futures, and P2P trading, allowing you to trade with many options.
You can get a $10 signup bonus and stake your crypto with the exchange to earn up to 10% interest after a short period. You’ll also enjoy discounts on trading fees based on your KuCoin Token (KCS) balance.
Conclusion
If you’re in Indonesia and looking for an exchange to buy or trade crypto assets, these are the best options to choose from.
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