Zain khan

2023/08/02 07:30

Best Crypto Exchanges to Use in Indonesia

Indonesia isn’t a big name when it comes to cryptocurrencies. However, it is proving to be a good place for crypto to thrive. The country recently embraced cryptocurrencies, welcoming assets such as Cardano that the U.S. SEC claims are securities.

Indonesia now regards almost every crypto asset as a commodity, and allows them to be traded on all local crypto exchanges. This approach signaled to the crypto community that the country is open to crypto development.

If you’re in Indonesia, this is good news for you, since you can legally access cryptocurrency assets through crypto exchanges available to the country. The following are crypto exchanges you can use to buy and trade cryptocurrencies in Indonesia today.

Capital

Capital is a big crypto exchange that also supports trading of other instruments without any trading fees. The platform supports over 100 cryptocurrencies, and offers up to 2x leverage for trading.

The spread fees are small, ranging from 0.1% to 0.3%, making it one of the cheapest trading platforms to use. You can access the exchange via your desktop, or via your smartphone’s app. The platform is also beginner-friendly, with a demo account that allows beginners to practice trading before risking their real funds.

Deposits and withdrawals on Capital are also completely free, with no trading commission. If you’re looking for a low fee trading platform to use in Indonesia, Capital is a good option to look into.

Indodax

This is Indonesia’s largest crypto exchange, catering specifically to young investors. This is because the exchange has the primary intention of increasing crypto adoption among young people, and to make Indonesia a global crypto hub.

You can access the platform mainly via mobile apps for both Android and iOS devices. It supports over 200 crypto assets, giving users a lot of options to use. The exchange is also highly secure, using Multi-Factor Authentication (MFA) and a cold storage policy to keep assets secure.

#Post Your Views on popular coins

4Condividi