With the ever-increasing development of crypto exchanges, Indonesia’s traders and investors now have ample options to choose from. However, choosing the right platform is not an easy task, especially for beginners. Here are the seven best crypto exchanges in Indonesia that you can use to trade digital coins.
Binance became the most prominent cryptocurrency platform in the world within eight months of its launching. Changpeng Zhao launched it in 2017, and now, the platform has over 15 million users due to its low transaction fees, high liquidity, and numerous bonuses. People in Indonesia make use of Binance to buy different digital coins. It supports more than 250 cryptocurrencies such as Bitcoin, Ethereum, Ripple, Shiba, Tron, and Binance Coin (BNB). Citizens of Indonesia can use different Binance features to make money from digital coins, such as staking, charting tools, saving, and yield farming. There are many payment options in the Binance exchange, such as SWIFT, Credit Card, SEPA, and Debit Card. It is a safe crypto exchange for Indonesians as it offers not only two-factor authentication but multi-signature wallets.
Users of Binance in Indonesia can:
- Trade (buy and sell) multiple digital coins.
- Earn interest by staking liquidity provider tokens.
- Participate in launch pads of new tokens.
- Access advanced trading tools and features.
Kraken is another cryptocurrency exchange Indonesians can use to buy, sell, and trade different digital coins like Bitcoin, Ethereum, etc. It has a user-friendly interface that is comfortable, especially for beginners. Kraken is a reputable crypto exchange that gives its customers 24/7 support. It was established by Jesse Powell in 2011 but launched in 2013. Kraken is among the top cryptocurrency exchanges in the world with Binance and Coinbase. It supports different payment methods like Bank Transfer (SEPA), Electronic Funds Transfer, and Wire Transfer. Kraken also supports fiat currencies like EUR, USD, CAD, GBP, and JPY.
Users of Kraken in Indonesia can:
- Buy cryptocurrencies at a competitive market rate.
- Access charting and trading tools.
- Have 24/7 customer support.
- Buy multiple digital coins.
Coinbase, one of the safest crypto exchanges available to Indonesians. There is no report of a security breach, and its easy-to-use interface has attracted many citizens of Indonesia and the world at large. It is the only publicly-listed crypto exchange. Founded in 2012 by Brian Armstrong, it supports fewer cryptocurrencies such as Bitcoin, Ethereum, Dash, Litecoin, and others. Coinbase has a Coinbase Pro exchange for professional investors and traders in Indonesia who seek more advanced trading options.
Users of Coinbase in Indonesia can:
- Trade different digital coins.
- Access different crypto trading features and tools.
- Make use of a user-friendly exchange.
- Stake and use other crypto features.
OKCoin is one of the major crypto exchanges in Indonesia and Southeast Asia. OkCoin offers crypto traders analytical trading tools to make accurate market trends analyses. One of the key reasons it is so prevalent in Indonesia is the low transaction fees and reliability. OkCoin was established in 2014 by Star Xu. It supports multiple digital coins, fiat currencies such as CNY and USD, many payment methods like Wire Transfer and Bank Transfer. It is a secured crypto exchange as it integrates SSL security encryption used in banks.
Users of OkCoin in Indonesia can:
- Enjoy low transaction fees.
- Use complex crypto trading market analytical tools.
- Buy and sell crypto coins.
- Make payment with different options.
CoinSpot is an old crypto exchange that citizens of Indonesia can use to buy, sell, and trade digital assets. It was founded in 2014 by Russell Wilson. Since then, its services have spread to different countries. It offers the trade in digital coins with both desktop and mobile versions. The CoinSpot trading exchange also provides corporate accounts to various businesses and large traders. Traders in Indonesia can buy and sell over 200 cryptocurrencies on the platform.
Users of CoinSpot in Indonesia can:
- Enjoy competitive trading rates.
- Trade more than 200 digital coins.
- Open corporate investor accounts.
Bittrex is another crypto exchange to use if you are living in Indonesia. The credit-earning features have contributed to its popularity. Unlike Binance and Coinbase, which charge floating fees, this crypto exchange has a flat fee charge (0.25%) for every trade. Bittrex supports more than 300 digital coins for investors and traders in Indonesia to buy, sell, and trade. It was founded by Bill Shihara, Rami Kawach, and Richie Lai in 2013.
Users of Bittrex in Indonesia can:
- Store digital coins in a safe native wallet.
- Access advanced tools for crypto trading.
- Trade more than 300 digital coins.
Indonesian traders can buy and sell cryptocurrencies on the Bybit exchange. It is a perfect trading platform for Indonesian professional traders with advanced trading features and tools. Traders on this crypto exchange can integrate custom trading bots to perform different trades. Bybit offers its customers excellent customer services and different coins for trading, buying, and selling to gain profit. It was established in 2013 by Ben Zhou.
Users of Bybit in Indonesia can:
- Perform margin trading.
- Integrate customized crypto trading bots.
- Use advanced trade features and market tools.
There are many crypto exchanges available for people living in Indonesia. These exchanges have different features and support various coins and fiat currencies. The crypto exchanges mentioned above are the seven best crypto exchanges in Indonesia to buy, sell, and trade digital coins.