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Are you wondering what is the best crypto exchange Indonesians can use? If so, you have come to the right place. As Indonesia has witnessed a growing interest in cryptocurrency trading, investors have a wide range of exchange options at their disposal.

Since the abundance of crypto exchange options can be overwhelming, I’ve compiled this list only of the best crypto exchanges Indonesia supports, including big names like Binance, Bybit, and others. Thus, we’ll explore the main features of said exchanges, as well as figure out Indonesia's crypto regulations and taxes.

To be more specific, this best Indonesia crypto exchange list is comprised of:

Let's get to it!

1. Binance – A Feature-Packed Crypto Hub

Ranks #1 out of 7 Crypto Exchanges

In the realm of cryptocurrency exchanges, Binance emerges among the best crypto exchanges Indonesia supports. The platform is undoubtedly a global titan, and it carries the same banner in Indonesia.

Do note that in 2022, Binance also acquired a controlling stake in the Indonesian crypto exchange Tokocrypto. The latter operates in accordance with Indonesian regulations, which is crucial for ensuring the platform's security and trustworthiness. Bappebti has granted the exchange a Registration of Trader Candidate on 21 November 2019.

This only highlights Binance's goal to spread crypto adoption all around the world.

Now, let's get back to the Binance exchange, which offers an extensive range of features, competitive fee structures, and robust security measures to cater to the diverse needs of Indonesian traders.

For starters, Binance provides a wide spectrum of trading options, making it accessible to various types of traders. This includes spot trading, P2P trading, OTC trading, swap farming, futures trading, and more.

Additionally, if you’re seeking earning features, the Binance Earn program presents an opportunity to do that. It includes tools such as Simple Earn, Auto-Invest, ETH staking, BNB Vault, and Binance Pool. Though, Binance also provides many more features, like an NFT marketplace, a fan token platform, trading bots, and so on.

It's also worth noting that the platform supports the Indonesian Rupiah (IDR), enabling users to easily buy crypto with IDR. This can be done via both – the Binance P2P platform and the quick crypto on- / off-ramp. Besides, you can even access the Binance platform in the Indonesian language.

Best crypto exchange Indonesia: Binance.

As for the cryptocurrencies, Binance supports over 500 assets, including the market leaders like Bitcoin and Ethereum, as well as some of the less-known crypto assets.

When it comes to security, Binance employs stringent security protocols to safeguard user assets and data, including robust encryption techniques, 2FA, and continuous monitoring to detect and prevent suspicious activities.

In terms of spot trading fees, Binance operates on a maker / taker fee model. Maker fees range from 0.1% to 0.012%, while taker fees vary from 0.1% to 0.024%. An enticing feature of Binance is the opportunity to further reduce these fees by using BNB to cover transaction costs, granting traders a valuable 25% discount.

All in all, Binance is one of the top crypto exchanges in Indonesia. It's safe to use, supports Indonesian currency, offers various trading features, and has competitive fees, making it a great choice for Indonesian crypto traders.

Visit Binance
...or read our Binance review

2. Bybit – A Derivatives Trading Powerhouse

Ranks #2 out of 7 Crypto Exchanges

With a presence in over 160 countries, Bybit is renowned for its strength in derivatives trading, which is why it's included in many "Best crypto exchange in Indonesia" lists.

However, despite its worldwide reach, it's important to note that Bybit operates in regulatory uncertainty in many jurisdictions, including Indonesia. Not because the platform isn’t reliable, but because regulations regarding cryptocurrency trading are still scarce in the country.

When it comes to derivative trading, Bybit excels. It offers impressive leverage of up to 100x for BTC and ETH trading pairs.

The availability of high leverage provides traders with the opportunity to access larger positions than their initial funds would typically allow. It’s valid to point out, though, that derivatives trading and high leverage are best suited for experienced traders due to their inherent risks.

Nonetheless, Bybit caters to a diverse audience, offering more than just derivatives trading. It provides spot trading, various earning programs like Bybit Savings and Liquidity Mining, a peer-to-peer exchange, copy trading tools, and much more.

Best crypto exchange Indonesia: Bybit.

Bybit's fee structure is tiered, based on factors such as asset balance, monthly trade volume, and monthly average net borrowing. Fees for spot trading range from 0.1% to 0.005%, while derivatives trading fees vary from 0.055% to 0%.

Regarding fiat currencies, Bybit's Indonesian Rupiah support is limited. While it offers a One-Click Buy feature that allows users to buy cryptocurrencies using IDR, direct deposits of IDR into user accounts are not available. However, Bybit's One-Click Buy feature grants users flexibility in payment methods, including Wise and bank deposits.

Despite operating in a regulatory grey area in many regions (including Indonesia), Bybit places a strong emphasis on safeguarding user assets and information. The exchange applies stringent security measures, such as two-factor authentication. Besides, the majority of users' cryptocurrency assets are stored offline in cold wallets, minimizing exposure to potential hacks or breaches.

Additionally, Bybit goes the extra mile by providing insurance coverage to further protect users' funds, offering peace of mind in the event of unforeseen circumstances. While regulatory compliance is a complex issue, Bybit's dedication to security ensures that user assets remain a top priority.

Ultimately, Bybit is not only a powerhouse in derivatives trading but also a true crypto hub, making it a significant player in Indonesia's crypto exchange landscape.

Visit Bybit
...or read our Bybit review

3. Coinbase – Secure and User Friendly

Ranks #3 out of 7 Crypto Exchanges

It’s impossible to talk about the best crypto exchanges Indonesians can use without mentioning Coinbase.

While it originated in the United States, the exchange is available for traders in Indonesia, too. However, since it is a US-first crypto exchange, there might be some limitations for Indonesian traders.

Nevertheless, Coinbase provides a range of features that are designed to prioritize a secure and user-friendly environment for buying, selling, and managing digital assets. Also, the platform offers opportunities for users to earn rewards through staking, yield farming, and educational programs.

Additionally, Coinbase hosts a thriving NFT marketplace where users can explore, create, and purchase NFTs. It has become a vibrant community for NFT enthusiasts.

It supports over 240 cryptocurrencies, ensuring users have access to a diverse array of digital assets. The Indonesian Rupiah is also supported. Users can seamlessly purchase cryptocurrencies with IDR using their credit / debit cards or other payment methods.

Best crypto exchange Indonesia: Coinbase.

Moreover, Coinbase facilitates the deposit and withdrawal of IDR into and from user accounts through bank transfers, offering a convenient way to access and manage funds. This is the case because it supports trading pairs with IDR.

The Coinbase fee structure is dynamic and calculated at the time of placement. Fees depend on various factors, including the chosen payment method, order size, and prevailing market conditions. However, do keep in mind that Coinbase is often associated with relatively higher fees compared to some other crypto exchanges Indonesians can access.

Last, but definitely not least, let’s talk about security. Coinbase employs robust security measures. For example, to safeguard against potential hacks or breaches, the majority of users' cryptocurrency assets are stored offline. The exchange also provides insurance coverage to further protect users' funds and employs 2FA.

To sum up, Coinbase's strong focus on security, user-friendly features, and IDR support makes it one of the top crypto exchanges in Indonesia.

Visit Coinbase
...or read our Coinbase review

Compare Crypto Exchanges Side by Side With Others

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Compare Crypto Exchanges Side by Side With Others

All Crypto Exchanges may look similar to you but they're NOT all the same!

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4. Kraken – Multi-Layered Security

Ranks #4 out of 7 Crypto Exchanges

When it comes to navigating the top crypto exchanges in Indonesia, Kraken is a notable name that has been operating since 2011. Originally founded in the UK, it has since expanded its services worldwide, making it a strong contender among the best crypto exchanges Indonesia currently supports.

The platform is renowned for its unwavering commitment to security. To ensure the safety of users' assets, Kraken employs a multi-layered approach that includes cutting-edge technology, robust protocols, and stringent KYC procedures.

Moreover, two-factor authentication adds an extra layer of protection to user accounts. Additionally, Kraken offers the option of using a global settings lock, enabling it to set additional security measures, such as withdrawal whitelists and session timeouts.

In terms of features, while some aspects may differ based on location, Kraken's offerings for Indonesian users are quite comprehensive. Traders in Indonesia can engage in various activities, including buying and selling cryptocurrencies using fiat, accessing spot trading features, and utilizing the educational Kraken platform.

Furthermore, Kraken offers advanced trading features such as various order types, over-the-counter (OTC) trading, and APIs for those who require more advanced trading options.

Best crypto exchange Indonesia: Kraken.

Now, regarding cryptocurrency support, Kraken offers over 200 different crypto assets to choose from, providing traders in Indonesia with a versatile platform to construct diverse cryptocurrency portfolios.

Although the platform doesn’t support the Indonesian Rupiah (IDR), it does allow Indonesian traders to use USD and offers a variety of ways to deposit it, including card payments and Apple / Google Pay.

Now, the fee structure of Kraken depends on the services utilized. When using the Instant Buy feature on the basic Kraken version fees can differ based on the cryptocurrency being purchased, the transaction amount, and the chosen payment method. For instance, a fee of 3.75% + 25 cents is imposed when using credit / debit cards or Apple / Google Pay.

In contrast, spot trading on the Kraken Pro version follows the maker / taker fee model. Fee rates are contingent on your monthly trading volume, denominated in USD. Maker fees can range from 0.16% to as low as 0%, while taker fees range from 0.26% to 0.1%. For those interested in margin trading, there's an opening fee of 0.02% and a rollover fee of 0.02%, paid every 4 hours.

Overall, Kraken is a good choice for cryptocurrency enthusiasts in Indonesia. However, do keep in mind that the platform is doesn’t support IDR, so you will need to deposit funds in USD or other crypto assets if you want to use it.

Visit Kraken
...or read our Kraken review

5. KuCoin – Over 700 Available Cryptocurrencies

Ranks #5 out of 7 Crypto Exchanges

KuCoin is a renowned cryptocurrency exchange that has gained international recognition for its impressive range of services and affordable fees. It not only appears on lists that try to distinguish the best crypto exchange in Indonesia, but on various other country-specific and global lists, too.

If you’re a trader seeking a variety of crypto options, KuCoin certainly stands out. With over 700 cryptocurrencies available, from the most popular ones - like Bitcoin and Ethereum - to promising up-and-comers, it caters to the most diverse preferences.

Moreover, the platform accommodates various fiat currencies, including the Indonesian Rupiah, making it easy to purchase crypto with your local currency. You can deposit and withdraw IDR on KuCoin via bank transfers, credit / debit cards, and third-party payment providers.

Among its features, spot trading, margin trading, P2P trading, and derivatives trading, stand out as the most popular ones. Besides, KuCoin users also have the possibility of earning passive income by engaging in activities like lending or staking their cryptocurrencies.

Additionally, holding KuCoin Shares (KCS), KuCoin's native token, brings substantial benefits. KCS holders enjoy significant fee discounts on trades and access to additional rewards. The more KCS tokens you own, the more you save on trading fees.

Best crypto exchange Indonesia: KuCoin.

Speaking of fees, the exchange employs the maker / taker fee structure for spot trading. Remarkably, maker fees can range from 0.1% to -0.005%, meaning high volume market makers can even receive a discount. Taker fees, on the other hand, range from 0.1% to 0.025%. Covering fees with KCS offers a 20% reduction on all spot trading fees.

Futures trading fees on KuCoin follow a similar model. However, there are no discounts for covering these fees with KCS. Maker fees can vary from 0.02% to -0.008%, while taker fees range from 0.06% to 0.025%.

Now, when it comes to security, KuCoin implements robust security measures. These include multi-layer encryption, multi-factor authentication, and secure micro-withdrawal wallets. The exchange also maintains specialized risk departments dedicated to monitoring data operations and security protocols.

On top of that, KuCoin adheres to regulatory requirements specific to the Indonesian cryptocurrency market. This commitment ensures that the exchange operates in compliance with local regulations, providing users with a secure and trustworthy platform.

In 2020, KuCoin obtained a license from Bappebti to operate in Indonesia. KuCoin also complies with the main crypto regulations, such as AML and CTF regulations, which help prevent the use of cryptocurrencies for illegal activities.

Overall, KuCoin is one of the leading choices for cryptocurrency enthusiasts in Indonesia due to its accessibility, strong security measures, diverse features, and extensive cryptocurrency support.

Visit KuCoin
...or read our KuCoin review

6. OKX – Fresh and Innovative

Ranks #6 out of 7 Crypto Exchanges

OKX is an innovative cryptocurrency exchange with advanced financial offerings. Founded in 2017, it serves millions of users across more than 180 regions worldwide and is one of the best crypto exchanges Indonesians can use.

The platform provides the latest trading services for a diverse range of crypto assets. These include the Express Buy feature, spot trading, the Liquid Marketplace, earning and learning features, and even tools for institutional traders.

Moreover, OKX provides a robust NFT platform for creating, trading and exploring NFTs across 11 networks. Besides, users can also swap cryptocurrencies across 10+ networks and 100+ DEXs using OKX's advanced aggregator and bridge.

Best crypto exchange Indonesia: OKX.

Besides, it allows users to purchase crypto with IDR via the Express Buy feature, which is among the reasons why it might be the best crypto exchange in Indonesia for some. Speaking of supported currencies, the platform also offers a wide range of crypto assets like BTC, ETH, USDT, DOGE, SOL, and so on.

Now, it's also worth mentioning that OKX takes security seriously and, thus, employs multiple layers of protection. For one, it uses a semi-offline storage solution, which provides an added layer of protection against online threats. Additionally, OKX prioritizes user authentication by implementing two-factor authentication, requiring users to provide two forms of verification before accessing their accounts.

Overall, OKX is a versatile platform encompassing various crypto services, from trading to DeFi and NFTs. Therefore, it's regarded by many as one of the best crypto exchanges Indonesians can access.

Visit OKEx
...or read our OKEx review

7. Indodax – An Indonesian Crypto Exchange

Ranks #7 out of 7 Crypto Exchanges

Indodax is a platform you'll notice in many "Best crypto exchange in Indonesia" lists. After all, it is an Indonesian crypto exchange that was founded in 2014.

The platform is registered and directly supervised by Bappebti and the Ministry of Communication and Information. Besides, Indodax was the first exchange in Indonesia to receive two international certifications (ISO 9001: 2015 and ISO 27001: 2013).

Indodax supports over 200 cryptocurrencies, including Bitcoin and Ethereum. Plus, it obviously has full IDR support. This flexibility simplifies fund management allowing seamless depositing and withdrawal processes. When it comes to IDR, you can withdraw it via bank transfers, and deposit it via bank transfers, virtual accounts, e-wallets or even retail.

Best crypto exchange Indonesia: Indodax.

What sets Indodax apart is its user-friendly interface. Besides, it provides users with learning material via the Indodax Academy, which makes it an especially great option for newcomers.

Also, Indodax offers quite competitive trading fees. For example, if you plan to trade on IDR markets, a maker fee for buying will be 0.21% and for selling 0.2%, while the taker fee will be 0.31% for buying and 0.3% for selling.

However, it is worth noting that Indodax does not offer many features, especially compared to some other platforms competing for the "Best crypto exchange in Indonesia" title (like Binance or Bybit). It mainly offers spot trading, staking, and OTC trading. 

To sum up, Indodax's commitment to affordable, secure, and user-friendly cryptocurrency trading has solidified its position as one of the best crypto exchanges in Indonesia, but it is rather limited.

Indonesian Crypto Regulations and Taxes

You came here wondering what is the best crypto exchange Indonesian traders can access, but do you know what are Indonesian crypto regulations, and how can they affect your trading?

In Indonesia, the landscape of crypto regulations is undergoing significant changes to keep pace with the rapidly evolving market. Up to 2023, the primary regulator overseeing crypto activities was the Commodity Futures Trading Regulatory Agency, known as Bappebti.

However, a new law enacted in 2023, the Financial Omnibus Law, transferred regulatory authority over crypto assets to the Financial Services Authority, or OJK, with a two-year transition period.

As of writing, though, cryptocurrency is treated as intangible commodities in digital form[1], and is still subject to oversight by Bappebti. This includes various types of crypto-related businesses such as futures exchanges, clearing houses, storage managers, and physical traders. Each of these entities must obtain approval from Bappebti to operate legally in Indonesia.

For instance, futures exchanges facilitating crypto trading must meet specific requirements regarding paid-up capital, equity maintenance, employee certifications, and technological infrastructure. Similar stringent requirements apply to futures clearing houses, crypto asset storage managers, and physical traders.

Best crypto exchange Indonesia: Bitcoins on Indonesia's flag.

The regulatory framework also mandates compliance with anti-money laundering (AML), prevention of terrorism financing (PTF), and proliferation of weapons of mass destruction (WMD) programs. Businesses must appoint money laundering reporting officers, conduct risk assessments, implement internal AML policies, and carry out customer due diligence procedures.

Customer due diligence involves collecting and verifying information about customers during onboarding, including personal data for individuals and detailed entity information for legal entities.

Moreover, Indonesia has adopted the Travel Rule, requiring crypto businesses to obtain and exchange information about both senders and recipients for transactions above a certain threshold. This rule aims to enhance transparency and combat illicit activities in the crypto space.

While initial coin offerings (ICOs) are not yet regulated in Indonesia[2], the expansion of the number of tradable cryptocurrencies and the establishment of a crypto exchange and storage manager demonstrate the government's efforts to provide legal certainty and mitigate risks associated with crypto assets.

Best crypto exchange Indonesia: tax.

What about Indonesia crypto taxes? Well, since the country classifies cryptocurrency as a commodity, it falls under the purview of capital gains tax regulations. This means that profits from cryptocurrency trading are subject to taxation.

The capital gains tax rate in Indonesia distinguishes between short-term and long-term gains. Short-term gains, made within one year of cryptocurrency trading, are taxed at a rate of 0.1%, while long-term gains, occurring after the one-year mark, incur a 0.5% tax.

In addition to capital gains tax, individuals involved in cryptocurrency transactions may also be required to pay value-added tax (VAT). Indonesia's VAT rate currently stands at 11%.

Compliance with Indonesia crypto tax regulations also entails reporting cryptocurrency gains and losses to Indonesian tax authorities, a duty fulfilled through filing an annual tax return.

Overall, Indonesia crypto regulations aim to balance fostering innovation in the financial sector while safeguarding investors and maintaining financial integrity. However, with the impending transition of regulatory authority to the OJK, Indonesia crypto taxes and regulations are expected to evolve further in the coming years.

Best Crypto Exchange in Indonesia: Evaluation Criteria

If you've decided to explore the market and find your own best crypto exchange in Indonesia, here are the essential criteria you should consider:

  • IDR Support. Indonesian Rupiah (IDR) support is a noteworthy feature when choosing an Indonesia crypto exchange. While not mandatory, the ability to transact in IDR can significantly enhance your trading experience.
  • Regulatory Compliance. As with any financial service, adherence to local regulations is crucial. In Indonesia, crypto exchanges must comply with the regulations set by the Indonesian government. Ensuring that your chosen exchange operates within the legal framework ensures a secure and legally sound trading experience.
  • Supported Features. Evaluate the services and features offered by the exchange. Ensure that the exchange offers the features you require, whether it's spot trading, margin trading, or staking (otherwise, it won't be the top crypto exchange in Indonesia for you).

Best crypto exchange Indonesia: a trader.

  • Supported Cryptocurrencies. Beyond features, consider the range of supported crypto assets. While major exchanges typically offer Bitcoin and Ethereum, not all may support lesser-known cryptocurrencies. If you have specific coins in mind, ensure that your chosen exchange provides access to them.
  • Security Measures. Security should always be a top priority. Make sure the exchange implements robust security measures to protect your assets, including encryption, cold storage for funds, two-factor authentication, etc.
  • User Interface. An intuitive, user-friendly interface is crucial for a smooth trading experience. Look for Indonesia crypto exchanges with streamlined registration and verification processes. Trading, exchanging, and managing your digital assets should also be straightforward.

By considering these criteria, you'll be well-equipped to select the best crypto exchange in Indonesia that aligns with your trading goals and preferences.

Conclusions

When it comes to the best crypto exchange in Indonesia, Binance, Bybit, and other platforms that were discussed in this article offer a diverse range of features and services that cater to the needs of both – beginners and experienced traders.

Just remember to consider your specific trading preferences and requirements when choosing the best crypto exchange in Indonesia for you.

Also, keep in mind that the cryptocurrency market can be volatile and unpredictable, which means you always have to do your own research and invest responsibly. On top of that, make sure to stay updated with the latest Indonesian crypto regulations and developments to ensure a smooth and secure trading experience.

The content published on this website is not aimed to give any kind of financial, investment, trading, or any other form of advice. BitDegree.org does not endorse or suggest you to buy, sell or hold any kind of cryptocurrency. Before making financial investment decisions, do consult your financial advisor.


Scientific References

1. A. A. Nugroho, S. Surahmad, A. A. G. P. Musafak: 'Legal Protection for Cryptocurrency Users as a Commodity in Indonesia';

2. A. R. Saputra: 'The Urgency of Initial Coin Offering Regulations in Indonesia'.

About Article's Experts & Analysts

By Ain N.

Lead Content Researcher

Ain is the Lead Content Researcher. Her vast experience with crypto and blockchain tech-related content allows her to identify the key pieces of information that should be presented to the learner, and ensure the validity of the gathered data. Wit...
Ain N. , Lead Content Researcher
Ain is the Lead Content Researcher. Her vast experience with crypto and blockchain tech-related content allows her to identify the key pieces of information that should be presented to the learner, and ensure the validity of the gathered data.
With a degree in New Media studies, she has developed an extensive list of techniques to educate people via new, research-proven study models based on deduction and long-term human memory.
Ain approaches everything with unequivocal attention to detail. Her main goals are to erase the ambiguity surrounding many Web3 concepts, and to guide content writers in presenting difficult crypto-related concepts in an easy-to-understand manner.
Even though content strategy is her main passion, Ain also enjoys reading high-fantasy books and watching superhero movies.
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Recent Best Crypto Exchange in Indonesia User Reviews

Chanel

5.0/5.0 - Kraken User
06/06/2024

Decent amount of cryptos

Well, the number of cryptocurrencies is reasonable, I don't think the higher the number, the better the exchange... I personally choose few cryptos at a time to focus on trading.

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P. Watson Jr

5.0/5.0 - Coinbase User
25/04/2024

Senior user

Very glad I chose this platform from the get go, the recommendations and positive feedback enticed me. All of it still holds up after years of trading, I only have hard time catching up to all the new updates and improvements, so reading acticles like this binance review makes the process easier. Overall though, the basic funtions and options are often more than enough for majority of users.

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E. Kramer

5.0/5.0 - Coinbase User
21/04/2024

Never had issues

I can happily vouch for the security on Coinbase. Had to seet it to believe it, no issues to this day. The sertifications they have acieved only add to the trust!

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SadE-girl419

4.8/5.0 - Bybit User
20/04/2024

Bybit >>>>

You can't deny their exceptional resources.

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J Weaver

5.0/5.0 - Binance User
03/05/2024

gained knowledge

turns out i didnt know what half of the intriquet things on the platform do:)) thanks for the detailed guide i didnt know i needed until now! hope my trading game will improve with this new knowledge

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Saarah D.

5.0/5.0 - Binance User
10/04/2024

GREAT platform

LOVE this exchange platform!!!

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Lilly-vanily

5.0/5.0 - Coinbase User
22/05/2024

Happy that coinbase is in my country

It's a shame that Coinbase in not available in more countries. Just happy I had the opportunity to move and now can have this new trading experience.

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wholecole

5.0/5.0 - Bybit User
13/04/2024

fast

Deposit and withdrawal are processed very fast

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K. C. Michael

5.0/5.0 - Coinbase User
19/05/2024

Average user

The interface and navigation is not as intimidating as i have seen on other exchanges, all main functions are easy to find and use. The clean design is average user fiendly!

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Enrique1673

5.0/5.0 - KuCoin User
29/04/2024

Web over app trading

Great interface and user experience, it's great for trading on the go. However, i do prefer web trading over the app...

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Hook Ioana

5.0/5.0 - Kraken User
24/05/2024

PRO level :)

How come no one told me to start using Kraken PRO sooner. I regret missing oportunity. At least now i'm at a level that I can use the platform to it's full potential

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CJ Noor

5.0/5.0 - Kraken User
04/05/2024

annoying but necessary

Security measure arround every corner:D Was annoyed at first but now got used to it and i generally feel safer about my money on the platform

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Abubakr Key

4.6/5.0 - Bybit User
12/06/2024

Nice

good exchange! Nice design

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Zion B.

4.8/5.0 - Kraken User
11/06/2024

no response

long response time in customer support. contacted support a week ago and still no response. good thing that it was only a minor issue i was contacting about, so no rush. can't imagine what i would do it was something major.

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RJ

4.8/5.0 - Binance User
25/05/2024

Almost perfect!

Overall great platform! I would even say perfect aside from the hassle with depositing funds. I wish they made some changes and improved customer experience in that sense.

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RAUL

4.8/5.0 - Bybit User
09/06/2024

VERY NICE

BUT NO 5 STARS CUZ NO ONE IS RLY PERFECT

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Natalie

5.0/5.0 - Bybit User
06/06/2024

CRYPTO WALLETS???

i had NO IDEA crypto wallets existed, this is REALLY helpful information

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Koby Montgomery

5.0/5.0 - Binance User
01/05/2024

Great for users of all levels

I would agree that it can be harder for newbies in the crypto exchange world to use the platform, but it shouldn't be a reason to avoid Binance altogether. Fell free to follow this Binance review or any other guide to help you through the learning process. Start small and work your way up, keep up with the reasearch. It is a good place for people of all levels.

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arlo tate

5.0/5.0 - Kraken User
09/05/2024

TRUE

This Kraken review is spitting facts. During the three years of using the platform i experienced the ''not so effective'' customer support, but i noticed that it improved

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Kourtney Burch

5.0/5.0 - Kraken User
24/06/2024

The App

Recently tried out the Kraken app and it was a game changer for short trading sessions!!!

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Leave your honest Best Crypto Exchange in Indonesia review

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FAQ

What is the best crypto exchange Indonesian traders can access?

There are many great choices, but Binance, Bybit, and Kraken stand out among the best crypto exchanges Indonesia supports. Binance, renowned for its user-friendly interface and wide range of features, has gained immense popularity among Indonesian traders. Bybit, another excellent choice, offers a diverse selection of altcoins, making it a favorite for those looking to explore beyond Bitcoin and Ethereum. Meanwhile, Kraken is known for its robust security measures, ensuring the safety of your digital assets.

Is crypto legal in Indonesia?

Yes, crypto is legal in Indonesia. However, it's considered a commodity, not a payment instrument. Also, traders must comply with Indonesian crypto regulations, which are overseen by Bappebti (soon transitioning to OJK), no matter if they trade on BinanceBybit, or any other top crypto exchange in Indonesia. Besides, it's important to stay updated regarding these regulations, as they might change over time.

How to pick the best crypto exchange for yourself?

Picking out the best crypto exchange for yourself, you should always focus on maintaining a balance between the essential features that all top crypto exchanges should have, and those that are important to you, personally. For example, all of the best exchanges should possess top-tier security features, but if you're looking to trade only the main cryptocurrencies, you probably don't really care too much about the variety of coins available on the exchange. It's all a case-by-case scenario!

Which cryptocurrency exchange is best for beginners?

Reading through various best crypto exchange reviews online, you're bound to notice that one of the things that most of these exchanges have in common is that they are very simple to use. While some are more straightforward and beginner-friendly than others, you shouldn't encounter any difficulties with either of the top-rated exchanges. That said, many users believe that KuCoin is one of the simpler exchanges on the current market.

What is the difference between a crypto exchange and a brokerage?

In layman's terms, a cryptocurrency exchange is a place where you meet and exchange cryptocurrencies with another person. The exchange platform (i.e. Binance) acts as a middleman - it connects you (your offer or request) with that other person (the seller or the buyer). With a brokerage, however, there is no β€œother person” - you come and exchange your crypto coins or fiat money with the platform in question, without the interference of any third party. When considering cryptocurrency exchange rankings, though, both of these types of businesses (exchanges and brokerages) are usually just thrown under the umbrella term - exchange. This is done for the sake of simplicity.

Are all the top cryptocurrency exchanges based in the United States?

No, definitely not! While some of the top cryptocurrency exchanges are, indeed, based in the United States (i.e. KuCoin or Kraken), there are other very well-known industry leaders that are located all over the world. For example, Binance is based in Tokyo, Japan, while Bittrex is located in Liechtenstein. While there are many reasons for why an exchange would prefer to be based in one location over another, most of them boil down to business intricacies, and usually have no effect on the user of the platform.

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