According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
- $1
- TradingView
- An easy-to-use trading terminal, a convenient mobile application, the rupee is the only fiat, no investment programs, standard single-tier referral program, low commissions, developed community forum
Our Evaluation of Indodax
According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
Indodax is a cryptocurrency exchange with higher-than-average risk and the TU Overall Score of 3.34 out of 10. Having reviewed trading opportunities offered by the company and reviews posted by Indodax clients on our website, Traders Union expert Anton Kharitonov recommends users to consider a more reliable broker with better conditions, as, according to reviews, many clients of this broker are not satisfied with the company’s work.
The Indodax cryptocurrency exchange offers favorable terms of cooperation. It is focused on active trading in cryptocurrencies and tokens, the pool of which is regularly replenished through the free listing. There are no investment solutions or passive earnings options on the platform (except for the typical one-level referral program). There are no demo accounts or training materials, and no minimum deposit. However, the interface of the trading terminal is simple and user-friendly.
Brief Look at Indodax
The Indodax cryptocurrency exchange is the largest in Indonesia and one of the world’s leading platforms for exchanging and trading cryptocurrency. Bitcoin (₿), Ethereum (Ξ), Ripple, DASH (Ð), dozens of other altcoins, and tokens are traded on it. Of the fiats, they have only the Indonesian rupee (IDR). The platform has a standard TradingView terminal, and there is also an opportunity for mobile trading. Trading fees are fixed at 0% for the maker and 0.3% for the taker. There are no commissions to start trading/exchanging. In terms of commissions, Indodax makes one of the best deals in the market segment. The platform does not offer investment solutions. You can only earn passively through the referral program. There is a FAQs section for beginners, but no demo accounts. You have access to several options for depositing/withdrawing cryptocurrencies and fiats.
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- many cryptocurrencies and tokens and exchange/trade are possible in tandem with the Indonesian rupee;
- cold storage of funds, two-factor authentication, high level of information security;
- convenient trading terminal, mobile application with an intuitive interface;
- high-speed platform with impressive trading volumes in the 24/7 mode;
- prompt technical support (there is a multi-channel call center and email);
- objectively low trading commissions, no commissions for depositing funds (fees are charged only in special cases);
- the platform operates officially and transparently under the license of the national regulator.
- no demo accounts or tutorials for beginners;
- only the Indonesian rupee (IDR) is available among fiats to trade.
TU Expert Advice
Financial expert and analyst at Traders Union
The Indodax crypto exchange was founded in 2013. Initially, its name was Bitcoin Indonesia, it was the first and for a long time the only one in Indonesia. In 2018, the company underwent a rebranding and entered the international level. The exchange operates transparently following the financial legislation of Indonesia, and there are international regulators, too.
The main advantage of the platform, which today attracts many traders from different countries, is the combination of low commissions and comfortable trading. There are no investment programs or additional options on the exchange. Instead, indodax.com focuses on actively trading crypto-crypto and crypto-fiat pairs. Unfortunately, the only fiat is the Indonesian rupee.
The exchange is convenient for beginners, as there is no minimum deposit and low fees (0% for the maker, 0.3% for the taker). Commissions are fixed and do not depend on third-party factors. That is, a beginner does not need to trade a certain amount of cryptocurrency to get a discount. Additionally, trading fees can be reduced due to the rebates from the Traders Union, which makes trading even more profitable. Withdrawal fees are only ₿0.0005 (not relevant for all cryptocurrencies), this is the average for the market segment.
The exchange has high-quality protection of user funds and data. It uses advanced multi-level encryption protocols, email and SMS authentication from Google Authenticator. Funds are stored using the cold storage method. Traders Union’s experts did not reveal any technical problems during the testing.
Indodax Summary
| 💻 Trading platform: | Desktop version – TradingView |
|---|---|
| 📊 Accounts: | Standard |
| 💰 Account currency: | Cryptocurrencies, IDR |
| 💵 Deposit / Withdrawal: | Bank accounts, electronic and cryptocurrency wallets |
| 🚀 Minimum deposit: | $1 |
| ⚖️ Leverage: | 1:1 |
| 💼 PAMM-accounts: | No |
| 📈️ Min Order: | from 0 |
| 💱 Commission: | Spot: 0%-0,3% |
| 🔧 Instruments: | 200 supported coins, Fiat, NFT. |
| 💹 Margin Call / Stop Out: | No |
| 🏛 Liquidity provider: | No |
| 📱 Mobile trading: | Yes |
| ➕ Affiliate program: | Yes |
| 📋 Order execution: | N/A |
| ⭐ Trading features: | An easy-to-use trading terminal, a convenient mobile application, the rupee is the only fiat, no investment programs, standard single-tier referral program, low commissions, developed community forum |
| 🎁 Contests and bonuses: | Yes, TU’s bonuses via rebates |
The Indodax cryptocurrency exchange does not require the user to enter a deposit of a certain amount to the platform to start trading. You only need to register and confirm your data, then determine your financial policy within the platform. The exchange does not provide leverage or loans, and you must trade only with your own assets. Technical support works around the clock, without breaks, and on weekends. The platform contains the call center phone number and contact email. You can also use the Help Center (“Help” tab), where you can send a request to technical support in the form of a ticket.
Indodax Key Parameters Evaluation
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Regulation and safety
With a 5.25/10 score, Indodax demonstrates a moderate level of security and regulation. While the platform meets basic safety standards, it may not offer the same level of protection as higher-rated exchanges.
- 2FA
- No successful hacks history
- Cold wallet storage
- Not tier-1 regulated
- No facial recognition
- Not U.S regulated
- Not government-regulated
Indodax Security Factors
We also compared Indodax against the top two competitors with the highest scores in our overall ranking based on the most critical security indicators.
| Indodax | OKX | Kraken | |
| Tier-1 regulation | No | No | Yes |
| Government-regulated | No | Yes | Yes |
| Investor protection fund | No | Yes | No |
| 2FA | Yes | Yes | Yes |
| Facial recognition | No | Yes | No |
| Cold wallet storage | Yes | Yes | Yes |
| Successful hacker attacks | No | No | No |
Is Indodax a regulated crypto exchange?
Indodax is not currently regulated by any government authority, which is still a common occurrence in the cryptocurrency industry. While this doesn't automatically mean Indodax is unreliable, government-regulated exchanges are generally considered more reliable due to the added oversight and client protection they offer.
Is verification (KYC) mandatory at Indodax?
Yes, KYC verification is mandatory at Indodax. You will need to complete the verification process before you can open an account and access the platform's full range of services.
In which countries is Indodax available?
Indodax complies with international sanctions and regional restrictions. Services are limited or unavailable in the following countries: Iran, Islamic republic, Bahrain, Palestine, Jordan, Iraq, Qatar, Kuwait, Lebanon, Libyan Arab Jamahiriya, Oman, Syrian Arab Republic, Tunisia, Yemen, Botswana, Tanzania, United Republic Of, Zimbabwe, Namibia, Ethiopia, Jamaica, Zambia, Hong Kong, Afghanistan, Trinidad and Tobago, Brunei, Nepal, Serbia, Somalia, Cameroon, Rwanda, Slovenia, Eswatini, Croatia, Mongolia, Burma, Montenegro, Cambodia, Taiwan, Mozambique, Madagascar, Dominican Republic, Albania, Mauritius, Puerto Rico, Cote d'Ivoire, Laos, Macedonia, Papua New Guinea, Costa Rica, Luxembourg, Malta, Ecuador, Bahamas, Haiti. For the most up-to-date information on regional availability, please contact Indodax support.
Is Indodax available in the USA?
Yes, Indodax is available in the USA. However, availability may vary by state due to local regulations. We recommend checking the official website or contacting support for up-to-date information specific to your location.
Indodax commissions and fees
Indodax received a 6.95/10 score for its trading fees. While Indodax is not the cheapest crypto exchange, the fees remain reasonable and competitive within the market.
- Spot fee below industry average
- No deposit fee
- No P2P fee
- Withdrawal fee may be applied
What are Indodax trading fees?
We analyzed Indodax’s crypto fees and compared them to the top two competitors, both of which hold high average positions in our rankings. To establish a comprehensive benchmark, we also calculated the average fee score based on an evaluation of over 100 cryptocurrency exchanges.
Indodax trading fees vs competitors
| Indodax | Nexus Trade | Paxful | Industry average | |
| Spot, maker fee (%) | 0 | 0,22 | 0 | 0.15 |
| Spot, taker fee (%) | 0,3 | 0,22 | 0 | 0.194 |
What are Indodax deposit and withdrawal fees?
| Deposit fee, % | 0 |
| Withdrawal fee, % | 0,0005 BTC |
Does Indodax offer P2P trading?
Yes, Indodax offers a P2P trading platform. We have provided the fees for these transactions and compared them with competitors.Indodax P2P Fees
Deposit and withdrawal
Indodax received a 5/10 rating for its deposit and withdrawal services. While Indodax covers basic payment options, the platform lacks some widely used methods that could improve user flexibility.
- Many cryptocurrencies for deposits and withdrawals
- P2P for flexible transfers
- No deposit fees
- Bank transfers for deposits and withdrawals
- No Google Pay option
- Withdrawal fee applies
- No PayPal option
Deposit and withdrawal options
Indodax supports the following deposit and withdrawal options: Bank transfers, Crypto.
Indodax Deposit and withdrawal options vs competitors
| Indodax | OKX | Kraken | |
| Bank transfers | Yes | No | Yes |
| Bank card | No | Yes | Yes |
| Crypto | Yes | Yes | Yes |
| PayPal | No | No | Yes |
What is Indodax minimum deposit?
The minimum deposit at Indodax is 15000 IDR USD/USDT or 0,0001 BTC. The minimum trade size is 10000 IDR USD/USDT, which also serves as the minimum amount required to start trading on the platform.
Indodax minimum deposit vs competitors
| Indodax | OKX | Kraken | |
| Minimum deposit, USD or USDT | 15000 IDR | 10 | 10 |
| Minimum deposit, BTC | 0,0001 | 0,0005 | 0,0001 |
| Minimum trade amount, USD/USDT | 10000 IDR | 0,00001 | 1 |
Does Indodax support fiat money?
Indodax does not support fiat currencies; only cryptocurrencies are accepted.
Supported coins & markets
Indodax received a score of 5.5/10 in this category, reflecting a solid selection of tradable assets and markets. Indodax supports 200 cryptocurrencies and basic trading types, although some advanced features or asset diversity may be limited compared to leading exchanges.
- NFTs available
- Crypto copy trading available
- Fiat currencies supported
- Only 200 supported coins
- Crypto futures not available
Indodax supported coins and markets vs competitors
We compared Indodax with leading exchanges in terms of supported coins, NFT access, and derivatives like futures and options to help users assess the platform’s product range and trading flexibility.
| Indodax | OKX | Kraken | |
| Supported coins | 200 | 329 | 278 |
| Futures/Perpetual contracts | No | Yes | Yes |
| Options | No | Yes | No |
| NFTs | Yes | Yes | Yes |
Indodax passive income options vs competitors
We also compared Indodax with top competitors in terms of passive income opportunities such as staking, farming, and copy trading, to help users evaluate the platform’s earning potential beyond regular trading.
Trading apps & tools
Indodax received a score of 8.5/10 for its trading apps and tools. Its mobile platforms are highly rated on both iOS and Android, delivering smooth performance, advanced charting capabilities, and real-time market data.
- App data protection with 2FA
- Positive user feedback on the iOS app
- Android app score 4,4
- Mobile indicators allowed
- No trading bots for traders
- Advanced orders not available
- No standalone desktop access
Trading apps
Indodax provides web and mobile apps for both Android and iOS users, with an average rating of 4,7 on the App Store and 4,4 on Google Play. Our review focused on core features important to traders, particularly trading functionality and security tools, to evaluate how convenient and safe the Indodax platform is for mobile use.
| Indodax | Bybit | |
| 2FA | Yes | Yes |
| Face ID | No | Yes |
| Mob Indicators | Yes | Yes |
| Alerts | Yes | Yes |
| Advanced Orders | Yes | Yes |
| Trading with bots | No | Yes |
| API | Yes | Yes |
| Extra trading platforms | No | MT4 |
Does Indodax offer a desktop app?
No, Indodax does not currently offer a desktop app. However, users can access the platform via its web version, which provides more comprehensive functionality compared to the mobile apps.
Does Indodax offer advanced charting with TradingView integration?
Yes, Indodax offers advanced charting through direct integration with TradingView. Users can access TradingView’s full suite of indicators, drawing tools, and multi-timeframe analysis directly on the platform.
Contacts
| Foundation date | 2014 |
|---|---|
| Registration address | Gedung Millennium Centennial Center Lt.2, Jln. Jend. Sudirman No.Kav 25, RT.4/RW.2, Kuningan, Jakarta Selatan |
| Official site | https://indodax.com/ |
| Contacts |
021-50959800
|
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