Indodax Review
Key takeaways from this review:
- Low fees and a wide range of coins.
- Secure storage and user-friendly platform.
- Limited payment options and poor customer service.
Pros & Cons of Indodax
What is Indodax?
Indodax is an Indonesian cryptocurrency platform that allows users to buy, sell, and trade digital assets such as Bitcoin, Ethereum, and other tokens. It offers secure storage, low fees, and a wide range of services for crypto traders.
It offers a variety of features to make trading and investing easier and more efficient.
Indodax Product & Features
Here is an overview of some of the most popular features:
- Trading Platform: Indodax provides a user-friendly trading platform with a variety of tools and features to make trading easier. It offers advanced charting tools, real-time market data, and a wide range of order types.
- Security: Indodax takes security seriously and provides users with multiple layers of security. It uses two-factor authentication, SSL encryption, and cold storage to keep user funds safe.
- Mobile App: Indodax has a mobile app that allows users to access their accounts and trade on the go. The app is available for both Android and iOS devices.
- Low Fees: Indodax charges some of the lowest fees in the industry. They also offer discounts for high-volume traders.
Indodax Customer Support
Indodax provides 24/7 customer support to help users with any issues they may have. They also have an extensive FAQ section to help users find answers to common questions.
Is Indodax Available to US-Investors?
Indodax is not available to US-investors. The exchange is only available to investors in Indonesia, and no other geographic regions are currently supported.
Indodax Withdrawal and Trading Fees
When it comes to withdrawal fees, Indodax charges a flat fee of 0.0005 BTC for Bitcoin withdrawals and 0.005 ETH for Ethereum withdrawals. This fee is relatively low compared to other exchanges and is a great benefit for traders looking to move their funds quickly and cheaply.
Indodax also has a maker/taker fee structure. Makers are charged a 0% fee for their trades, while takers are charged a 0.3% fee. This fee structure is designed to incentivize traders to make more orders, which helps to keep the market liquid and efficient.
Overall, Indodax has some of the most competitive trading fees in the industry. Its low withdrawal fees and maker/taker fee structure make it an attractive option for traders looking for a reliable and cost-effective exchange.
Indodax Reviews & Ratings
This is what one of the Indodax mobile app users said about their user experience with Indodax:
"I've been using this app since 2021 until now. They've made a lot of improvement in their system to be more user-friendly especially for the new users, and a few add-on features too. Safe and secure trading environment. Easy and fast processing in both withdrawals and deposits on fiat and cryptos alike. Simply excellent app, and highly recommended for new users looking to trade and invest in cryptos." - Cheyenne Surya (Google Play Store)
FAQs - People Also Ask
Indodax claims to store 95% of user funds in cold storage, a secure offline environment, to protect them from hacking attempts. That's makes Indodax a very secure crypto exchange.
Indodax is based in Indonesia. More specifically, their headquarters are located in Kuningan, Indonesia.
Indodax's regulatory status is complex and evolving, with some aspects regulated and others not. Here's a breakdown:
Regulations complied with:
- Registered with Commodity Futures Trading Regulatory Agency (BAPPEBTI): This is the primary regulatory body for cryptocurrency exchanges in Indonesia.
- Complies with Indonesian laws and regulations: This includes Anti-Money Laundering (AML) and Know Your Customer (KYC) requirements.
- ISO 9001:2015 and 27001:2013 certified: These certifications demonstrate that Indodax has implemented quality management and information security management systems.
How to Sign Up on Indodax?
- Visit Indodax website here
- Click “Sign Up” in the upper right corner
- Enter your username, email address, phone number and password.
- Click “Create Account”
- Check your email and click the verification link
- Log in to your account and start trading!"
