With over 7 million crypto investors, Indonesia has firmly established itself as one of the world’s hottest markets for digital currency trading. Leading the charge to meet the country’s growing demand for crypto is Indodax.
As Indonesia’s largest and most trusted cryptocurrency exchange, Indodax has cemented itself as the go-to platform for crypto traders looking to tap into the nation’s burgeoning new asset class.
What you'll learn 👉
Easiest and cheapest ways to buy crypto in Indonesia
Getting bitcoins in Indonesia is not an easy task as not all popular crypto exchanges are available to Indonesia citizens. This is a current list of bitcoin exchanges that allow users from Indonesia to buy crypto. They all support buying crypto with credit/debit cards but some of them offer other payment methods as well.
However, on March 14th of 2018, it changed its name to Indodax. The reason behind changing the name was quite simple actually, the crypto market has grown to the point where “Bitcoin” in the name was a too narrow thing. At the time of writing (December 2021), Indodax has more than 1.5 million users.
The exchange is, as you might guess, particularly popular among traders from Indonesia. Indodax is considered Indonesia’s largest crypto asset marketplace.
Indodex offers a referral program to its users. When you go through the registration and verification process, you will be granted a referral link that you can send to your friends, colleagues, etc. Each person who registers with your link will become your referral and you will earn 10% of their trading commission.
⚡️ Deposit fees: Free for crypto 1% for fiat ⚡️ Withdrawal fees: Vary from coin to coin (0.0005 BTC per BTC-withdrawal) ⚡️ Trading fees: 0.30% (taker) and 0.00% (maker) ⚡️ Payment Methods: Wire Transfer ⚡️ Supported fiat: IDR
The interface is well organized and easy to use Fiat deposits available No Maker fee
The only fiat currency is IDR (for both deposits and withdrawals) There is a fee for fiat deposits – most competitors do not have this No margin or leverage trading
Luno serves upcoming markets that lack local cryptocurrency exchanges and as such has a strong presence in presence in South Africa, Singapore, Nigeria, Malaysia, and Indonesia.
👛 Ease of Use – Easy 👛 Fees -Low 👛 Verification – 1 Day 👛 Reputation – Trusted 👛 Supported fiat – USD
Gemini Exchange, established in 2014 by the renowned investors and twins, Cameron and Tyler Winklevoss—who also happened to be Harvard peers of Mark Zuckerberg—is a prominent cryptocurrency exchange.
Operating in over 60 countries, including the U.S., U.K., and Canada, Gemini provides a range of services catering to both novice investors and seasoned traders. These services encompass a trading platform, a trusted digital asset custodial service, and a sophisticated trading interface. A standout feature of Gemini is its custodial service, which boasts a substantial insurance coverage of $200 million for its cryptocurrency holders.
⚡️ Deposit fees: Free ⚡️ Withdrawal fees: 0.001 BTC ⚡️ Trading fees: 0.10% – 0.35% ⚡️ Payment Methods: Credit/debit cards, Local bank transfer ⚡️ Supported fiat: USD
Ability to set real-time market limit orders Low fees Clean user interface Strong reputation
👛 Ease of Use – Easy 👛 Fees – Average 👛 Verification – 1 Day 👛 Reputation – Trusted 👛 Supported fiat – EUR, USD, and 50+ more
Coinbase is widely considered one of the biggest cryptocurrency exchanges, especially in the US. It has over 60 million users which is a remarkable number.
It was founded back in 2012 by Brian Armstrong and Fred Ehrsam. Coinbase has users in over 100 countries. Coinbase’s headquarters are in San Francisco, California. The platform offers not only exchange-based services but also a wallet so it is a perfect place for all crypto investors.
⚡️ Deposit fees: Credit/Debit Card: 3.99%SEPA: €0U.S Bank Transfer: 1.49% (the US $0.15 min.)Coinbase USD wallet: 1.49%ACH Transfer USD: $0 Wire Transfer USD: $10 ⚡️ Withdrawal fees: SEPA: €0.15U.S Bank Transfer: 1.49% (US $0.15 min.) Coinbase USD wallet: 1.49%Wire Transfer USD: $25 ⚡️ Trading fees: Fees vary ⚡️ Payment Methods: Bank Account, Debit Card, Credit Card, Wire Transfer, SEPA Transfer, ⚡️ Supported fiat: USD, EUR, GBP, AUD, CAD, CNY & 50+ more
A variety of fiat currencies supported Over 100 cryptocurrencies supported A regulated and trustworthy company Large user base and widely popular Provides a Coinbase debit card
No future or margin trading Higher trading fees than main competitors have (Binance for instance)
Best Bitcoin Wallets in Indonesia
It is never a good idea to keep your coins on an exchange as that exposes you to numerous risks (exchange hacks, fund freezes by the exchange or some government regulatory body, etc). That is why you should use one of the wallets we list below to store your digital assets.
But, which bitcoin wallet is available in this country?
The safest option is a hardware wallet like Nano X but ZenGo is also a good choice, especially for newcomers.
👛 Ease of Use – Easy 👛 Fees – Average 👛 Verification – 2-3 Days 👛 Reputation – Trusted 👛 Supported fiat – USD, EUR, GBP, JPY, CAD
Established in 2011, Kraken has carved a niche for itself as a trusted and reliable crypto exchange. It boasts support for an impressive roster of over 220 digital assets, encompassing major cryptocurrencies like Bitcoin, Ethereum, Cardano, and many others. Security has always been a cornerstone for Kraken, making it a go-to choice for many.
Its global footprint is vast, covering a majority of countries with only a few exceptions such as Iran and Washington state. On the convenience front, Kraken doesn’t disappoint. Users have a wide array of payment options at their disposal, and the platform is also flexible when it comes to fiat currency transactions. Additionally, seasoned traders can leverage advanced features to optimize their trading strategies.
⚡️ Deposit fees: EUR SEPA Deposit (Free) – EEA countries only USD Bank Wire Deposit ($5 USD) – US onlyEUR Bank Wire Deposit (€10) – outside the US only USD Bank Wire Deposit ($10 USD) – outside US onlyJPY Bank deposit (Free, ¥5,000 deposit minimum) – Japan-only USD, Wire Deposit (Free) ⚡️ Withdrawal fees: Cryptocurrency: Fees vary, SEPA Withdrawal (€0.09) – EEA countries only USD Bank Wire Withdrawal ($5 USD) – US only USD Bank Wire Withdrawal ($60 USD) – outside US onlyEUR Bank Wire Withdrawal (€60) – outside US onlyJPY Bank withdrawal (¥20) – Japan onlyCAD EFT Withdrawal ($10 CAD) ⚡️ Trading fees: Maker: 0.16%Taker: 0.28% ⚡️ Payment Methods: Fedwire, Bank Transfer (SEPA), SWIFT, Wire Transfer, Etana Custody, Silvergate Exchange Network (SEN), FPS, CHAPS, and BACS, PayID, Osko ⚡️ Supported fiat: USD, EUR, GBP, JPY, CAD
Available almost worldwide High security Over 90 cryptocurrencies Various payment methods
Fees slightly above the industry average No tax support
👛 Ease of Use – Easy 👛 Fees – High 👛 Verification – 1 Day 👛 Reputation – Trusted 👛 Supported fiat – USD, EUR, GBP, CAD, AUD
Coinamma is one of the oldest cryptocurrency exchanges since it was launched back in 2013. The headquarters of the company is in Slovakia and Ireland and its founders are Laurence Newman, Nimrod Gruber, and Ilan Schuster.
Coinmama is an exchange that boasts a user base of over 1.5 million people in more than 150 countries, and has a team of over 40 employees. It is notable for its user-friendly interface, which makes it a great choice for beginners. In addition, Coinmama ensures that the coins purchased through their platform are directly transferred to the user’s non-custodial wallet, rather than being kept in Coinmama’s own wallets.
⚡️ Deposit fees: 0 – 5 % ⚡️ Withdrawal fees: None ⚡️ Trading fees: 2.9 – 3.9 % ⚡️ Payment Methods: Bank Transfer (SEPA), SWIFT, Fedwire, Bank cards, Open Banking, Google Pay, Apple Pay, Skrill ⚡️ Supported fiat: USD, EUR, GBP, CAD, AUD
Simple, user-friendly interface Various ways to deposit such as bank transfers or via credit card Suitable for beginners No withdrawal fee Available in almost all countries
No mobile app and no staking No phone number for customer support
👛 Ease of Use – Easy 👛 TradingFees – Average 👛 Verification – 1 day 👛 Reputation – Trusted 👛 Supported fiat – USD, EUR, GBP, and more
Paybis is a cryptocurrency exchange platform that has been around for quite a while now, being founded back in 2014, and is well managed and trusted. With its headquarters in the United Kingdom, Glasgow, Paybis offers a multilingual easy-to-use platform to its users.
Paybis supports 180 different countries all around the world. Their goal is to provide their users with a stable, safe, secure, and easy-to-use platform that has non-stop 24/7 customer support. Paybis is registered with FinCEN as a Money Services Business. The exchange supports 38 different cryptos, including the most popular cryptocurrencies like Bitcoin, Bitcoin Cash, Binance Coin, Ethereum, Litecoin, Litecoin, etc.
⚡️ Deposit fees: Free ⚡️ Withdrawal fees: Free ⚡️ Trading fees: 0.99 – 2.49 % ⚡️ Payment Methods: Bank Transfer, Credit/Debit Card, Skrill, and Neteller. ⚡️ Supported fiat: USD, EUR, GBP, and 40+ more
Instantaneous transfer of funds from your wallet Solid security Transparent fees and fast transactions 24/7 support that is multilingual
Just 38 cryptocurrencies supported Trading fees higher than the market’s average
👛 Ease of Use – Easy 👛 Fees – Low 👛 Verification – 1 Day 👛 Reputation – Trusted 👛 Supported fiat – USD, EUR, GBP + more
eToro is a comprehensive trading platform that provides access to a variety of financial instruments, such as stocks, ETFs, cryptocurrencies, and CFDs. The platform charges a transparent 1% fee for cryptocurrency transactions, with no fees for ETFs and stocks, although ETFs may have their own internal costs.
eToro is based in Tel Aviv-Yafo, Israel. Furthermore, eToro has offices in 4 more countries and is regulated in these countries by CySec (Cyprus), FCA (UK), ASIC (Australia), and FSAS (Seychelles). The has roughly around 17 million users worldwide and is available in around 100 countries. Retail Leverage, Pro Leverage, Customisable Leverage, Deleveraged Trading, Copy-Trading, Spot Trading, and Demo account are the main features of eToro. It supports more than 45 currency pairs.
Forex and CFD fees are competitive, and eToro offers complimentary stock and ETF trading. Available in numerous countries, eToro has a list of blocked countries, including Afghanistan, Belarus, and China. The platform supports trading in over 30 cryptocurrencies in the US and nearly 80 internationally, with popular options like Bitcoin, Ethereum, and Dogecoin. A 0.1% fee is charged for crypto-to-crypto conversions. eToro’s user-friendly mobile app and social trading feature, which allows users to replicate the trades of successful traders, are notable highlights.
⚡️ Deposit fees: Free ⚡️ Withdrawal fees: $5 ⚡️ Trading fees: 0.75 % – 4.9 % spread depending on the cryptocurrency ⚡️ Payment Methods: 15+ (MasterCard, Visa, EWallets, etc.) ⚡️ Supported fiat: USD, EUR, GBP, and 20+ more
The longevity on the crypto market Low fees Various exciting features User-friendly interface
Lack of stocks and other investment options Not available in all states in the US Inactivity fee
👛 Ease of Use – Easy 👛 Fees – High 👛 Verification – 1 Day 👛 Reputation – Trusted 👛 Supported fiat – USD, EUR, GBP, RUB
Cex.io is one of the oldest exchanges in the crypto world. It was launched in 2013 as a Bitcoin exchange and cloud mining provider, but today it is a global multi-functional crypto platform with over 4 million users.
CEX.IO is a regulated global cryptocurrency exchange that offers a range of services including spot trading, margin trading, staking, leverage, lending, and savings. The platform supports over 100 digital currencies and tokens and is available in almost all countries and 48 states in the US. It is suitable for both experienced traders and beginners, but may be overwhelming for those new to crypto due to the number of products and services offered. CEX.IO has over 4 million users and is known for its regulatory compliance, but it has lower liquidity compared to some other leading exchanges. It is important to note that cryptocurrency exchanges are not members of the Securities Investor Protection Corp. (SIPC), so investors using a custodial exchange could potentially lose their funds as unsecured creditors.
Reputation is high Longevity on the crypto market Over 4 million users Advanced features such as spot trading, margin trading, staking as a service, crypto loans, and savings accounts
Extensive Verification Process to Increase Purchasing Limits
👛 Ease of Use – Easy 👛 Fees – Low 👛 Verification – 1 day 👛 Reputation – Trusted 👛 Supported fiat – USD, EUR, GBP, AUD, CAD + 20 more
KuCoin, founded in 2017, has carved a niche for itself. Operating out of Hong Kong, this exchange is celebrated for its vast array of over 600 cryptocurrencies, ensuring that both mainstream and emerging coins are accessible to traders
Their in-house trading platform, renowned for its user-friendly design, caters to both novices and experts, providing a seamless trading journey. A unique feature that sets KuCoin apart is its profit-sharing model, where holders of KuCoin Shares (KCS) are rewarded with 50% of the platform’s trading fees. In addition to its extensive crypto offerings, KuCoin supports a whopping 50 fiat currencies, further simplifying the trading process.
With advanced trading options like futures and margin trading, it’s no wonder that KuCoin has a presence in 200+ countries, with a significant user base in Asia, the UK, US, Canada, and Australia.
⚡️ Deposit fees: Free ⚡️ Withdrawal fees: 0 – 16$ (average) ⚡️ Trading fees: 0 – 0.1 % ⚡️ Payment Methods: Debit and Credit card, Apple and Google Pay ⚡️ Supported fiat: USD, EUR, GBP, AUD, CAD + 20 more
Wide range of coins Low fees Mobile App (Android and iOS) No forced KYC 10+ M users Innovative and quick to add new features
Not licensed in the U.S. Limited payment methods
Frequently asked questions about buying Bitcoin in Indonesia
How can I buy Bitcoin in Indonesia❓
You can easily buy it on any of the exchanges mentioned n this article.
Indonesia isn’t a pro-Bitcoin market yet, despite recent measures to legitimize the futures trading of cryptocurrencies. As long as Bank Indonesia doesn’t remove its ban on using Bitcoin as a method of payment, its adoption will remain hindered.
Does Indonesia use Luno❓
Yes, Luno is available in Indonesia.
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As the Head of Content at Captainaltcoin, I bring years of experience in the crypto industry. With a strong belief in the potential of the web3 market since 2017, I'm passionate about sharing valuable insights and knowledge.
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