Indodax

What is Indodax Exchange?

Indodax is an online exchange based in Indonesia where users can trade Bitcoin and other digital assets in Indonesian Rupiah. Indodax Exchange was previously known as Bitcoin Indonesia but changed its name to IndoDax in 2018.

With over 1.6 million registered users, Indodax is the largest digital exchange in Indonesia and Southeast Asia. The exchange is especially popular with Indonesian users, but quickly gained popularity in the digital currency community.

Indodax exchange features

Interface

This exchange provides a very unique and user-friendly platform for its users. Indodax exchange users can use features such as Live Chart to be aware of fluctuations in each period.

Security

The exchange uses great security measures such as 2FA (two-factor authentication), email, and SMS authentication. All these steps are to make all users sure that others are not able to access their assets and accounts.

Customer support

Indodax has a professional support team that is constantly responsive. If you have any questions, problems, or suggestions, you can contact them by phone and email.

Indodax mobile app

Indodax Exchange has special mobile software that is completely optimized for users. So if you prefer to do your trading right now, they have provided their app in the Google play store and several other app stores for users to download.

Indodax costs and limitations

Indodax Exchange does not charge any transaction fees. But for buying and selling, it receives a fee of 0.30% from the spending people. Also, when withdrawing bitcoin (BTC), an amount of about 0.0005 BTC is collected.

This is a relatively downward average cost in the digital currency market.It is not allowed to use credit cards in this exchange. You do not pay any fees at the time of registration, but if you plan to have a virtual account, the costs will be different there.

Indodax Exchange Supported Currencies

Endodax supports more than 40 digital currencies. Some of these key items are:

• Bitcoin

• Bitcoin cash

• Ethereum

• Litecoin

• Ripple

• Bitcoin gold

• Basic Attention

• Dash

• Dogecoin

• Coin Ignis

• Stellar

• Tron

• Z coin

Advantages and disadvantages of Indodax Exchange

Indodax benefits

• Has a lot of digital currency to trade

• Ability to buy and sell with Fiat currency

• Receiving relatively low fees per network compared to other exchange offices

Disadvantages of Indodax Exchange

• It is a relatively new exchange that the public does not trust much

• Focus more on Indonesian users