7 Best Crypto Exchanges In Indonesia

February 1, 2023
Blog

Choosing the best cryptocurrency exchange in Indonesia isn’t easy, given all the options out there and the different features each of them offers. As an avid crypto investor myself, I diligently keep up with the movements of the top exchanges in Indonesia, and have made my selections below based on years of research and personal experience.

Capital is the favorite among knowledgeable Indonesian crypto investors, both for its high level of security and for its ease of use. Capital's fees are also extremely low, so if you’re looking for a secure, cost-effective way to buy and sell crypto in Indonesia, I can’t recommend Capital highly enough.

Here’s something you may not realize: the cryptocurrency exchange you choose matters. Your choice will impact how profitable your trades are, how easily you can buy and sell coins, and whether you can use it in Indonesia at all.

Fortunately, I've been investing in crypto for more than 9 years, and I frequently update my list of the top platforms below. So if you’re looking for a safe and secure crypto exchange that’s easy to use, supports the Indonesian rupiah, and is compatible with the biggest financial institutions in Indonesia, you’ve come to the right place.

Here are my top picks for the best crypto exchanges Indonesia has to offer.

1. Capital – Best Overall

Zero Fees
Capital

Trading fees: 0%
Supports: 100+ coins
Customer support: Excellent

Trusted by millions.

★★★★★

Rated 4.9/5

Capital allows users to trade crypto alongside stockscommodities, forex, market indices, ETFs and more—all without any trading fees. It supports 100+ cryptocurrencies, and users can trade with 2x leverage on crypto (up to 500x leverage on other assets).

Capital charges a tight spread ranging from 0.1% – 0.3% (depending on the asset), making the overall cost of using the platform (0% trading commissions + 0.1% – 0.3% spreads) very low. It has a fully functional desktop platform, a well-rated mobile app (4.7/5 on Android and iOS), and an excellent demo account where you can practice trading with real assets in real time.

Capital is licensed by the Australian Securities and Investments Commission (ASIC) and the Financial Conduct Authority (FCA) in the UK, which means it’s a safe, secure platform. Every user receives a dedicated account manager they can reach by email or phone anytime, which is part of the reason Capital’s customer support team receives such positive reviews.

Deposits and withdrawals are always free with Capital, and you’ll never pay trading commissions regardless of whether you place spot orders or limit orders. Capital is ISO 27001 certified for meeting robust information security standards, making it an extremely safe platform to trade with.

The biggest drawback of Capital is that it can take several days to have your account verified since their verifications team is overwhelmed with signups right now. If you sign up using my referral link, though, you can skip the waitlist and start trading immediately.

I’ve personally used Capital for more than 4 years, and based on my experiences and those of millions of other users, I can’t recommend it highly enough. 

Features

  • Zero trading commissions
  • Tight spreads (0.1% – 0.3%) 
  • Supports 100+ cryptocurrencies
  • Allows up to 500x leverage (2x leverage on crypto)
  • Fully functional demo account for paper trading
  • Free deposits and withdrawals via debit/credit cards, bank transfer, POLi, PayPal, Apple Pay, etc.
  • Dedicated account manager you can reach at any time
  • Excellent desktop trading platform
  • Well-rated mobile app (4.7/5 on both Apple and Google)
  • Licensed by the Australian Securities and Investments Commission (ASIC)
  • ISO 27001-certified for meeting extremely high information security standards

Cost

  • Trading fees: 0%
  • Spreads: 0.1% – 0.3%
  • Deposits & Withdrawals: Free

Signup Bonus

Skip the waitlist and have your account approved immediately by using my referral link below.

Best For

Investors looking for the best overall crypto trading experience with no trading commissions.

2. Bitfinex

Based in the British Virgin Islands, Bitfinex is one of the largest crypto exchanges in the world. It supports 180+ cryptocurrencies and offers investors access to research tools, derivatives, margin trading, and several other advanced order types.

Bitfinex prides itself on having very low fees, which drop as low as 0.1% depending on the cryptocurrency you're trading. New crypto traders also appreciate Bitfinex's demo mode and its well-rated, easy-to-use mobile app.

Bitfinex uses 2-factor authentication and has a 95% cold storage policy to keep your assets protected. If you're an advanced trader, you can hook into Bitfinex's advanced APIs and trade algorithmically from there.

New Bitfinex users can currently receive a 6% rebate on all future trading fees.

Features

  • Low trading fees (as low as 0.10%)
  • Access to a risk-free demo mode
  • Supports 180+ cryptocurrencies
  • Highly-rated mobile app 
  • Customer support ticket system via email
  • User-friendly for both beginners and advanced traders

Cost

  • Account Opening: Free
  • Trading Fees: From 0.1% to 0.2%
  • Wire Transfer Fee: 0.1% (min. $60 fee)
  • Debit/Credit Card: Fees depend on the cryptocurrency
  • ACH Transfer: N/A

Signup Bonus

6% fee rebate

Best For

Algorithmic investors looking for easy-to-use trading APIs.

3. Crypto.com

Best For Altcoins
Crypto.com

Trading fees: 0.4%
Security: 95% cold storage
Signup bonus: $10

Trade with 10x leverage.

★★★★

Rated 4.3/5

Crypto.com is a major global player that brings a mature, proven exchange to experienced crypto investors. It supports 100+ cryptocurrencies, making it an ideal fit for anyone looking to invest in undiscovered altcoins before the masses.

Crypto.com offers some unique features that no other cryptocurrency exchange can match. Users can trade options and futures contracts, earn interest by staking their coins, and make trades with up to 10x leverage when they feel particularly confident in a coin.

Crypto.com also has invested an enormous amount of money into its platform's security, making trading with them extremely safe. The exchange is lightning quick (prices update dozens of times per second), which gives day traders an upper hand over the rest of the market.

Overall, Crypto.com is a solid exchange for investors looking to cash in on brand-new altcoins.

Features

  • Average trading fees (0.4%)
  • Supports 100+ cryptocurrencies
  • Allows up to 10x leverage
  • Trade crypto derivatives (futures and options contracts)
  • Earn daily interest by staking your coins
  • Purchase newly-listed coins at up to 50% off
  • Free deposits from all cryptocurrencies

Cost

  • Account Opening: Free
  • Trading Fees: 0.4%

Best For

Investors looking to buy altcoins and other new crypto assets before they go mainstream.

Start trading in the next 6 minutes

Capital is the only fully regulated investing platform that allows users to trade with zero commissions. Join 1+ million thoughtful investors on our #1-rated trading platform of 2023.

Click below to skip the waitlist and open your free account. Offer closes December 22, 2024.
SKIP THE WAITLIST
Offer ends December 22, 2024.

4. Indodax

Indodax is Indonesia’s largest cryptocurrency exchange, with more than 5 million active users. It caters to young investors in the 21-35 age range. Since its inception in 2015, its main goal has always been to increase the adoption of crypto throughout Indonesia, to make it a powerhouse in the crypto market.

Indodax is available on Android and iOS and supports over 200 cryptocurrencies and dozens of crypto-to-crypto trading pairs. Some of the supported cryptocurrencies include Ripple (XRP), BTC, ETH, and BCH, and the trading pairs BTC/IDR, TEN/IDR, INCH/IDR, among others.

In terms of security, Indodax uses Multi-Factor Authentication (MFA) and a cold storage policy to keep assets secure. Their customer support is very helpful and available 24/7, and deposits and withdrawals are completed instantly or, at most, within 24 hours.

Features

  • Supports 200+ cryptocurrencies
  • App available on Android and iOS
  • Multi-Factor Authentication
  • Excellent customer support
  • Instant deposits and withdrawals

Cost

  • Trading Fees: Free
  • Maker’s Fees: Free
  • Taker’s Fees: 0.3%
  • Deposit Fees (Crypto): Free
  • Withdrawal Fee (Crypto): Depends on the crypto (0.0005 BTC for Bitcoin)
  • Deposit Fees (Fiat): Free
  • Withdrawal Fee (Fiat): Free

Signup Bonus

New investor bonus when you sign up using this link.

Best For

Investors looking for the cheapest and most established crypto exchange in Indonesia.

Start trading in the next 6 minutes

Capital is the only fully regulated investing platform that allows users to trade with zero commissions. Join 1+ million thoughtful investors on our #1-rated trading platform of 2023.

Click below to skip the waitlist and open your free account. Offer closes December 22, 2024.
SKIP THE WAITLIST
Offer ends December 22, 2024.

6. Triv

Triv is a crypto exchange headquartered in Jakarta, Indonesia. It was first launched in 2019, and since then has taken on a loyal userbase. Triv is integrated with 61 banks and financial institutions in Indonesia, making it one of the go-to options for crypto investors.

Some of Triv’s best features include a staking platform for select crypto assets, lifetime referral rewards, including cashback commissions whenever you or your referees make purchases using the Pay Bills With Bitcoin feature. Customers' support is available 24/7 through LiveChat.

Triv is one of the very few exchanges in Indonesia to provide insurance – thanks to its partnership with Bitgo, a large crypto exchange and custodian; and Lloyd England, an insurance company. They also have a mobile app available on Android and iOS, which allows users to keep track of all their trades in one place.

Features

  • Supports 60+ cryptocurrencies
  • Crypto Staking service
  • Pay Bills with Bitcoin
  • Customer Support available 24/7
  • App available on Android and iOS

Cost

  • Spread: N/A
  • Maker’s Fees: N/A
  • Taker’s Fees: N/A
  • Deposit Fees: N/A
  • Withdrawal Fees: N/A

Signup Bonus

Lifetime cashback bonus when you sign up using this link.

Best For

Investors looking for an insured crypto exchange with high compatibility with Indonesian banks.

7. KuCoin

KuCoin is a cryptocurrency exchange that began operations in Hong Kong in 2017 and bills itself as “The People’s Exchange.” Its objective was to offer a simple and secure platform for crypto investors, and it has been a success: in just four years it has attracted over 8 million users.

Besides buying and selling crypto, KuCoin supports four market order types as well as margins, futures, and P2P trading. KuCoin Trading Bots are one of its biggest features, allowing users to invest on autopilot using dollar-cost averaging.

New KuCoin users will receive a $10 sign-up bonus, and if you’re willing to freeze your crypto for a short period you can earn up to 10% in interest. KuCoin takes security seriously, with features like multi-factor authentication, encryption, and an additional trading password.

Features

  • Users can also get trading fee discounts based on their KuCoin Token (KCS) balance.
  • Margin Trading
  • Crypto Staking, earn up to 10% interests
  • KuCoin Trading Bots, invest on autopilot using dollar–cost averaging
  • Supports 600+ cryptocurrencies
  • Supports market, limit, stop-limit, and stop-market order types

Cost

  • Trading Fees: From 0.0125% to 0.1%
  • Makers Fees: From 0.0125% to 0.1%
  • Takers Fees: From 0.0125% to 0.1%
  • Deposit Fees: Free
  • Withdrawal Fees: Depends on the coin (For BTC: 0.0005 BTC)

Signup Bonus

$10 signup bonus

Best For

Investors looking for a very secure platform, different market tools, and trading bots.

Why you should trust me

  • Experienced
    I bought my first cryptocurrency (Bitcoin) in 2013, bought Ethereum in 2017, and have held active accounts with at least 5 exchanges since 2018.
  • Unbiased
    All of my selections are supported by multiple data points, including crypto thought leaders, security experts, and Trustpilot reviews.
  • Deep Research
    My team and I spent more than 20 hours researching exchanges before choosing our top picks, and we update them almost daily as the industry continues to change.

What To Look For In A Great Indonesian Crypto Exchange

I consider many different factors in my search for the best Indonesian crypto exchange. Here are just a few of the more prominent ones:

  • Supported coins: The best Indonesian crypto exchanges support a wide variety of coins—at least 20 or 30—including all the major coins like Bitcoin, Ethereum, and Dogecoin. Platforms that add new coins regularly tend to be more customer-focused overall, making this a strong indicator of a forward-thinking exchange.
  • User interface: Choosing a platform with an easy-to-use trading interface is important, especially for beginners. If you're a seasoned crypto investor, you'll also want to look out for exchanges that offer more advanced features like advanced order types and transaction exports for tax purposes.
  • Fees: All crypto exchanges charge fees (both in the form of trading commissions and bid-ask spreads), and they can vary by a wide margin. I've specifically chosen low-fee platforms here to help you maximize your profits.
  • Regulation: It's much safer to trade with a well-regulated exchange than an unregulated one, especially when markets aren't moving in your favor. Depositors' insurance is another safeguard offered by some exchanges, which keeps your assets safe even if the platform itself faces liquidity issues.
  • Deposit & withdrawal options: The exchange you choose should offer a variety of payment methods (bank transfers, debit/credit cards, PayPal, etc.) to ensure you can easily transfer funds in and out of your account. The more options you have, the better.
  • Security: Look for an exchange that strictly enforces multiple layers of security, such as two-factor authentication and at least 95% cold storage. Additional security measures like daily offsite backups, third-party security audits, and email confirmations on transactions make your account even more secure.
  • Customer support: The best crypto exchanges pride themselves on having well-trained, responsive support teams who can help users through any problems that come up. I pay particular attention to the channels each exchange offers support through, response times, the thoroughness and helpfulness of their responses, and user feedback on the customer support they've received.

In Summary

Choosing the best cryptocurrency exchange in Indonesia isn’t easy, given all the options out there and the different features each of them offers. As an avid crypto investor myself, I diligently keep up with the movements of the top exchanges in Indonesia, and have made my selections below based on years of research and personal experience.

Capital is the favorite among knowledgeable Indonesian crypto investors, both for its high level of security and for its ease of use. Capital's fees are also extremely low, so if you’re looking for a secure, cost-effective way to buy and sell crypto in Indonesia, I can’t recommend Capital highly enough.

Best Crypto Exchange Indonesia FAQs

Which Indonesian crypto exchange has the lowest fees?

The Indonesian crypto exchange with the lowest fees is Capital or Bitfinex, depending on the specific crypto assets you're trading. In most cases, Capital will be the cheapest option.

What’s the best crypto wallet in Indonesia?

The best crypto wallet is the Ledger Nano S hardware wallet. It is the best way to keep your private keys secure and, more importantly, offline. All Ledger wallets are certified by the French National Agency of Security and are among the safest and most cost-efficient wallets out there, and they support 1,200+ crypto assets, coins, and tokens.

What’s the best altcoin exchange in Indonesia?

The best altcoin exchange in Indonesia is one of Capital or Bitfinex. All of them support a wide variety of cryptocurrencies and regularly add more of the altcoins Indonesian investors are looking for.

What is the safest crypto wallet in Indonesia?

The Ledger Nano S is the safest wallet available today. All Ledger wallets far exceed industry standards for security: they use tamper-resistant Certified Secure Element (SE) with Common Criteria (CC) EAL5+ chips on their nanodevices, which means your private key stays on the secure chip. It also has a proprietary operating system called Blockchain Open Ledger Operating System (BOLOS) that's successfully undergone audits from the French National Agency of Security, many other government agencies, as well as regular audits from independent security organizations. 

What’s the safest crypto exchange in Indonesia?

The safest cryptocurrency exchange in Indonesia is Capital. They strictly enforce bank-level security protocols, run on servers in secure locations around the world, and undergo frequent financial and security audits to ensure all of their users’ assets are completely safe. They also have some of the lowest fees of any platform in Indonesia and are known for being a reputable, trustworthy exchange.

How Can I Sell Bitcoin In Indonesia?

There are several different ways to sell Bitcoin in Indonesia, though the easiest is to sell it directly from the crypto wallet or exchange that you’re holding it on. Remember to be cautious whenever you transfer coins between wallets, since blockchain transactions are irreversible.

What crypto exchange is best for beginners in Indonesia?

The best crypto exchange for beginners in Indonesia is Capital, followed by Bitfinex. Both are ideal for beginners because they verify accounts instantly, have easy-to-use trading platforms, and provide great customer support in case you need any help along the way.

Is cryptocurrency legal in Indonesia?

Yes, cryptocurrency is legal in Indonesia, and you can buy, sell and use crypto without breaking the law. However, cryptocurrency is not currently considered legal tender in Indonesia, which means the Indonesian government and Indonesian businesses are not legally obligated to accept it as payment for goods and services.

What’s the best crypto app in Indonesia?

The best crypto app in Indonesia is Capital. Its mobile app is very easy to use, has a nice, modern interface, and has very good ratings and reviews on both the Apple App Store and the Google Play Store. If you live in a country like Iran or India instead, you’ll have to double-check to ensure you can get the Capital app in your local app store.

What is the best crypto exchange for day trading in Indonesia?

Capital is the best crypto exchange for day trading in Indonesia, since it has low trading fees, tight spreads, and its prices update multiple times per second, giving day traders an upper hand over the rest of the market.

Can the Indonesian government track cryptocurrency?

Yes. Just like in places like Turkey, Nigeria, Andorra and Angola, the Indonesian tax authorities can track cryptocurrency trades and transactions—and not only when your digital assets interact with real-world institutions like banks. Some exchanges in Indonesia are required by law to provide the government with information about their users’ transactions, including purchase price, purchase date, sale value, and all associated KYC data. If your tax returns don’t match the data the government receives from these exchanges, you may receive a fine.

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