Can I legally trade Crypto in Indonesia?
Yes, trading cryptocurrency is completely legal in Indonesia. The Indonesian government has recognised the potential of cryptocurrencies and blockchain technology as a viable investment asset class and has made efforts to regulate the sector. However, only certain crypto-related activities are allowed, such as trading on secure exchanges or mining operations.
Top 5 Crypto Trading Platforms in Indonesia
To determine what is the best digital-asset exchange for Indonesian investors, we have examined over 20 platforms in depth. Below you can find the Five Best Crypto Exchanges in Indonesia that have been ranked based on factors such as supported tokens, security, IDR deposit methods, platform fees, available features, customer support options, and more.
1. OKX - Best Overall Crypto Exchange
OKX is the leading digital-asset exchange in Indonesia that supports multiple IDR deposit methods and the platform can be used in Indonesian. OKX has been operating since 2017 and has never once been hacked or had its security breached. It is considered one of the safest crypto exchanges in the world and is one of the very few platforms that provide 1:1 Proof-Of-Reserves.
- Fees: There are no fees to deposit or withdraw funds from OKX. There is a 0.1% fee on spot markets and the futures maker/taker rebate is 0.02%/0.05%.
- Supported Assets: 340+ cryptocurrencies
- Regulation & Licensing: Allowed to operate in Indonesia and 60+ other jurisdictions.
- Customer Support Options: Live Chat, Email, Ticketing System & Social Media.
- IDR Deposit Methods: Credit/Debit Card, Bank Transfer, BNI, BRI, GoPay, ShopeePay, and more.
2. Bybit - Best Alternative Crypto Exchange
Bybit is widely regarded to be the best derivatives trading platform in the world and offers up to 100x leverage on futures. Additionally, it is a non-KYC exchange, meaning you do not need to verify your identity in order to use it. Similar to OKX, the platform can also be used in Indonesian and provides 24/7 customer support in Indonesian (Bahasa Indonesia). Bybit also provides 1:1 Proof-Of-Reserves.
- Fees: There are no fees to deposit or withdraw funds from Bybit. There is a 0.1% fee on spot markets, and the futures maker/taker rebate is 0.01%/0.06%.
- Supported Assets: 400+ cryptocurrencies.
- Regulation & Licensing: Allowed to operate in Indonesia plus 180+ jurisdictions.
- Customer Support Options: Live Chat, Email, Ticketing System, Phone & Social Media.
- IDR Deposit Methods: Bank Transfer, Credit/Debit Card, Google Pay, Maestro, SEA bank, Maybank, and more.
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If you would like to learn more about this exchange, you can visit our detailed Bybit Review.
3. Indodax - Best Indonesian Crypto Exchange
Indodax is the largest Indonesian digital-asset exchange and has over 5.4 million registered Indonesian customers. It is the only crypto trading platform that is regulated in Indonesia and is regarded to be one of the most trusted exchanges in the country. Indodax has been operating since 2014 and has never once been subject to a cyber attack, proving it's battle-tested. However, it is not transparent in its holdings and does not provide Proof-Of-Reserves.
- Fees: IDR deposits and withdrawals are subject to an expensive 10% fee. Trading fees are set at 0.51%.
- Supported Assets: 200+ cryptocurrencies.
- Regulation & Licensing: Registered and directly supervised by BAPPEBTI and Kemkominfo.
- Customer Support Options: Email, Phone & Social Media.
- IDR Deposit Methods: Bank Transfer, E-Wallet & Cash.
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4. Binance - Best Derivatives Crypto Exchange
Binance is the world's leading cryptocurrency exchange that has over 120 million registered users in more than 100+ countries. It also offers up to 100x leverage on derivatives and is the only crypto trading platform that supports margin trading with IDR pairs. Binance is a feature-rich platform that offers staking, loans, NFTs, and much more. Unfortunately, it also does not provide Proof-Of-Reserves, which can be unsettling for investors after FTX.
- Fees: Variable deposit fees (based on method) and withdrawals are free. 0.1% flat trading fees for spot and 0.02%/0.07% maker/taker rebate.
- Supported Assets: 350+ cryptocurrencies.
- Regulation & Licensing: Allowed to operate in Indonesia and 100+ other jurisdictions.
- Customer Support Options: Live Chat, Email, Ticketing System & Social Media.
- IDR Deposit Methods: Credit/Debit Card, Bank Transfer & BCA.
If you would like to learn more about this exchange, you can visit our detailed Binance Review.
5. Kraken - Best Non-KYC Crypto Exchange
Kraken is a veteran cryptocurrency exchange and is one of the world's largest non-KYC platforms. It provides a wide range of services that include margin trading, staking, lending, futures, over-the-counter (OTC) trading, and much more. The platform is the most widely adopted crypto exchange with over 9 million users in 190+ countries. Similar to Binance, it does not provide Proof-Of-Reserves.
- Fees: Deposits and withdrawals vary depending on the method. Spot trading fees are between 0.16% - 0.25%. The futures maker/taker rebate is 0.02%/0.05%.
- Supported Assets: 180+ cryptocurrencies.
- Regulation & Licensing: Allowed to operate in Indonesia and 190+ other jurisdictions.
- Customer Support Options: Live Chat, Email & Social Media.
- IDR Deposit Methods: Credit & Debit Card.
The Bottom Line
Indonesia is one of the most promising markets for cryptocurrency, and there are several quality exchanges that serve the country's growing crypto user base. Each exchange has its own set of features, fees, and services, so it all depends on your individual needs as an investor or trader.
We recommend using OKX for the best user experience as it offers a simple and quick onboarding process. Plus it is one of the most secure cryptocurrency exchanges in Indonesia and globally, that provides audited 1:1 proof-of-reserves.
