Top 5 Crypto Trading Platforms in Indonesia

We analyzed over 20 digital-asset exchanges to determine the top cryptocurrency trading platforms for investors in Indonesia. Our analysis considered factors such as supported tokens, security, IDR deposit methods, platform fees, available features, customer support options, and more. Based on our assessment, we present below the top five crypto exchanges in Indonesia, ranked by their performance across these factors.

1. Binance

Binance shines as the premier exchange in Indonesia, solidifying its reputation as the world's biggest and most respected platform, serving over 100 million users in 130 nations. The platform offers an extensive range of trading options, such as spot trading, margin trading, and futures trading for more than 350 crypto assets. Moreover, it features a diverse array of tools and services, making it the top choice for numerous traders.

Binance earns our highest recommendation for Indonesia, due to its native Indonesian language support and speedy IDR deposits from all local banks and payment methods. With the largest community of local investors and a robust presence in the area, Binance continually strengthens its position as the primary platform for both beginners and seasoned traders alike.

  • 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.
Binance - Best Derivatives Crypto Exchange.


2. Bybit

Bybit earns our recognition as the second-best exchange for crypto investors and traders in Indonesia. As a leading platform in cryptocurrency derivatives trading, Bybit offers a variety of options for trading futures contracts with leverage of up to 100x. Its extensive collection of trading tools and features includes spot, futures, options, and margin trading, making it a versatile choice for investors.

Bybit's unique selling point is its absence of KYC requirements for crypto transactions, allowing investors to start trading with only an email and password. This feature establishes Bybit as an extremely appealing option for investors in Indonesia.

  • 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.
Bybit - Best Alternative Crypto Exchange.

3. OKX

O‍KX is a 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.
OKX - Best Overall Crypto Exchange.

4. Indodax

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.
Indodax - Best Indonesian Crypto Exchange.

5. Kraken

Kraken secures our endorsement as the fifth-best exchange for crypto investors and traders in Indonesia. As a prominent platform in the cryptocurrency trading space, Kraken provides an assortment of options for trading various digital assets. Its comprehensive suite of trading tools and features spans spot, futures, options, and margin trading, making it an adaptable choice for investors.

A significant advantage of Kraken is its strong focus on security and regulatory compliance, ensuring a safe trading environment for investors. With a wide range of supported cryptocurrencies and fiat currencies, Kraken stands as an appealing option for Indonesian investors looking for a secure and versatile platform.

  • 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.
Kraken - Best Non-KYC Crypto Exchange.

Is It Legal to Buy Crypto in Indonesia?

buying, selling, and trading cryptocurrencies is legal in Indonesia. In January 2018, the Indonesian central bank, Bank Indonesia, issued a warning against the use of cryptocurrencies for payments, stating that they are not recognized as legitimate instruments of payment. However, it did not ban the trading of cryptocurrencies altogether.

Later in 2018, the country's Commodity Futures Trading Regulatory Agency (known as BAPPEBTI) classified cryptocurrencies as commodities, allowing them to be legally traded on futures exchanges. This move effectively legalized the buying, selling, and trading of cryptocurrencies in Indonesia, although with some regulatory oversight.

The Bottom Line

In summary, this blog post presents the top 5 cryptocurrency trading platforms in Indonesia, which include Binance, Bybit, OKX, Indodax, and Kraken. These platforms offer a range of trading options, supported assets, and deposit methods, catering to both beginners and experienced investors. Trading cryptocurrencies is legal in Indonesia under the regulatory oversight of BAPPEBTI, allowing investors to securely buy, stake, and trade digital assets within a regulated framework.