Summary
Indonesia maintains a regulated approach to crypto exchanges, with trading being legal under Commodity Futures Trading Regulatory Agency (Bappebti) oversight. The Indonesian Rupiah (IDR) is widely supported across major platforms, with bank transfers and virtual account payments being the preferred payment methods. Leading crypto exchanges offer full compliance with local regulations and KYC requirements. Here are the best crypto exchanges in Indonesia:
Best Crypto Exchanges in Indonesia
Indonesian crypto traders benefit from a growing ecosystem of digital asset platforms that support local payment methods and the Indonesian Rupiah (IDR). Virtual account transfers through major banks like Bank Central Asia (BCA) and Bank Mandiri provide efficient fiat on-ramps, while P2P trading offers additional flexibility for local transactions.
1. Binance
Users:
200m
Free Demo:
Mobile App:
Bonus:
$100
Cryptos:
400+
Leverage:
125x
Spot Fees:
0.1%
Futures Fees:
0.02%/0.05%
Pros
- Most comprehensive crypto exchange
- Most advanced features and products
- 24/7 customer support
- 400+ cryptocurrencies
- Reputable with over 200 million users
- Best liquidity
Cons
- Not beginner friendly
- Restricted in many regions due to regulations
- EU traders must use BNFCR for futures trading
Overview
Reaching over 200 million registered users in 2024, Binance is by far the largest crypto exchange in the world. The platform is incredibly comprehensive, offering crypto traders all the tools they need to make a profit in the crypto market.
With over 400 cryptocurrencies to trade, leverage of up to 125x, directly integrated charts from TradingView with tons of technical analysis tools, and many more features, Binance has secured its spot as one of the best crypto exchanges.
Binance offers a wide variety of products, including spot, margin, futures, and options trading, staking, lending, P2P, automated bot trading, copy trading, and even an NFT marketplace. It is safe to say that crypto geeks will find everything they are looking for on Binance.
The trading fees on Binance are very affordable. Binance charges 0.1% trading fees on the spot market (makers and takers alike), which is the industry standard. Where Binance excels is the futures market with fees of only 0.02% for makers and 0.05% for takers.
2. Blofin
Users:
2m
Free Demo:
Mobile App:
Bonus:
$5,000
Cryptos:
400+
Leverage:
150x
Spot Fees:
0.1%
Futures Fees:
0.02%/0.06%
Pros
- Excellent for trading
- Very beginner friendly
- No KYC required
- 24/7 customer support
- Up to 150x leverage and deep liquidity
Cons
- Not good for passive income products
- Relatively new spot feature
Overview
Founded in 2019, Blofin is a no-KYC exchange where users can trade perpetual futures. With a recently added spot trading feature, as well as Copy trading for customers to enjoy, Blofin has earned a spot as a top contender in the crypto industry.
Blofin users can access 300+ trading pairs with leverage of up to 150x on the futures market. The exchange has a daily trading volume of $12.6 billion for futures trading, making Blofin one of the most active derivatives exchanges. The platform has integrated a user-friendly trading interface for both beginners and expert traders to navigate.
Blofin trading fees are set according to industry standards. For spot trading, a fee of 0.1% is incurred for both maker and taker, while for futures, the maker and taker fee is 0.02% and 0.06%.
What we love about Blofin is its generous VIP fee schedule, which allows traders to reduce their fees based on their 30-day trading volume.
3. Indodax
Users:
6M
Free Demo:
Mobile App:
Bonus:
None
Cryptos:
411+
Leverage:
Not Supported
Spot Fees:
0.20%/0.30%
Futures Fees:
Not Supported
Pros
- Wide variety of cryptocurrencies available
- Users can buy and sell crypto using IDR (Indonesian Rupiah)
- Excellent customer support
- Mobile application with an intuitive interface
- Low trading fees
Cons
- No futures trading options
- Lacks demo accounts or tutorials for beginners
Indodax Overview
Indodax is Indonesia’s largest cryptocurrency exchange with over 6 million users. The platform supports more than 411 digital assets, enabling traders to buy and sell cryptocurrencies using Indonesian Rupiah (IDR).
The exchange implements a straightforward fee structure with a 0.20% maker fee and 0.30% taker fee for spot trading. While Indodax does not offer futures trading or demo accounts, its core spot trading functionality serves both retail and institutional clients effectively.
Security measures include mandatory KYC verification for all users, ensuring compliance with local regulations. The platform delivers a practical mobile application for both iOS and Android devices, featuring real-time market data and order execution.
Users benefit from direct IDR payment integrations, facilitating seamless deposits and withdrawals through local payment methods. The customer support team operates in Indonesian and English, providing assistance through multiple channels.
The platform’s limitations include the absence of advanced trading features like futures and margin trading, which may deter experienced traders seeking leveraged positions. Additionally, the lack of educational resources and demo accounts creates a steeper learning curve for newcomers.
4. KuCoin
Users:
30m
Free Demo:
Mobile App:
Bonus
$10,500
Cryptos:
800+
Leverage:
125x
Spot Fees:
0.1%
Futures Fees:
0.02%/0.06%
Pros
- Beginner friendly
- 800+ supported crypto assets
- 125x leverage and deep liquidity
- 20+ fiat currencies
- Great 24/7 customer support
Cons
- Lacks advanced features
- Not the best liquidity
- Regulatory issues in the US
- Variable spot fees
Overview
Kucoin focuses on offering the best spot trading experience. With over 800 supported cryptos on the spot market, Kucoin is one of the most versatile crypto exchanges when it comes to supported assets. You can trade popular cryptos such as Bitcoin or Ethereum but also less-known cryptos and even meme coins. If you are on the hunt for new and shiny coins that are not popular yet, Kucoin might be your best shop.
Spot fees on Kucoin are relatively average, ranging from 0.1% to 0.32% based on the liquidity of the asset. Futures trading on Kucoin starts at a maker fee of 0.02% and a taker fee of 0.06%.
Kucoin has integrated and ready-to-use crypto grid trading bots to automate your income. You can set up grid bots based on several parameters to trade for you 24/7.
5. Bybit
Users:
40m
Free Demo:
Mobile App:
Bonus
$30,000
Cryptos:
600+
Leverage:
100x
Spot Fees:
0.1%
Futures Fees:
0.02%/0.055%
Pros
- Low fees
- 600+ supported crypto assets
- 100x leverage and deep liquidity
- Advanced order types and additional features
- Great 24/7 customer support
- Automated copy trading
Cons
- Regulatory uncertainty in Europe and USA
- May be confusing for beginners
- Cryptocurrency investments carry high risks
Overview
Bybit stands out as one of the most advanced crypto exchanges with deep liquidity and low fees. Bybit users can trade Spot, Futures, Options, NFTs, and even Inscriptions. Additionally, Bybit offers copy trading and bot trading to automate your income streams. Bybit copy trading is one of the best in the crypto industry.
Where Bybit excels is its derivatives platform with 320+ perpetual futures contracts and up to 100x leverage. With advanced order types such as TWAP or Iceberg orders, Bybit caters to experienced traders seeking the best options.
On the spot market, Bybit supports over 500 cryptos and up to 10x margin, making Bybit a versatile crypto exchange.
With low fees of 0.1% maker and 0.1% taker for spot trading and 0.02% maker and 0.055% taker for futures trading, Bybit has highly competitive fees. To top it all off, Bybit offers fee discounts based on your 30-day trading volume. The more you trade, the more you save.
Is Crypto Legal and Regulated in Indonesia?
Cryptocurrency trading is legal in Indonesia under the regulatory framework established by Bappebti (Commodity Futures Trading Regulatory Agency). In February 2019, Bappebti issued Regulation No. 5/2019, recognizing cryptocurrencies as commodities that can be traded on futures exchanges.
The Bank Indonesia prohibits the use of cryptocurrencies as payment instruments, but trading and investing in digital assets remains permitted. Licensed exchanges must maintain a minimum capital requirement of 100 billion IDR and implement strict security protocols.
The Financial Services Authority (OJK) works alongside Bappebti to monitor crypto trading activities and ensure compliance with anti-money laundering (AML) regulations.
Is Crypto Taxable in Indonesia?
Cryptocurrency gains in Indonesia are subject to income tax regulations under Directorate General of Taxes guidelines. Trading profits are taxed at progressive rates ranging from 5% to 35% for individuals. For businesses, crypto trading income falls under the corporate tax rate of 22%.
VAT at 0.1% applies to cryptocurrency transactions on government-approved exchanges as of May 2022. Crypto-to-crypto trades may have different tax implications compared to crypto-to-fiat conversions.
Disclaimer:
Tax laws are subject to change, and individual circumstances may vary. It is strongly advised to consult with a qualified tax professional or financial advisor for personalized guidance on cryptocurrency taxation in Indonesia.
How to Buy Crypto in Indonesia
Indonesian residents can purchase cryptocurrencies through regulated exchanges that support IDR trading pairs. Binance offers a comprehensive platform with extensive IDR support and multiple payment options.
- Pick a compliant crypto exchange that accepts IDR and confirm the KYC requirements.
- Complete the registration by providing the necessary identification documents for verification.
- Add funds to your account via virtual account transfers using banks like BCA, Mandiri, or any other supported institutions.
- Select from well-known cryptocurrencies, including Bitcoin, Ethereum, or USDT.
- Execute your trades at the current market price or place limit orders for more control.
- Move your acquired assets to a secure wallet for safe long-term storage.
Note that virtual account deposits are usually processed within minutes, while bank transfers can take 1-2 business days. Instant credit card purchases are available but may come with higher fees.
Best Crypto Wallets in Indonesia
Indonesian crypto investors have multiple wallet options available to safeguard their digital assets. Hardware wallets such as Ledger and Trezor offer top-tier security for long-term asset storage. Mobile wallets like Trust Wallet provide ease of use for everyday transactions.
For decentralized finance activities, MetaMask is a widely-used browser extension wallet. Multi-currency software wallets, including Exodus, blend user-friendly designs with strong security measures.
It’s advisable to employ a mix of hot and cold wallets according to your trading habits and security needs. Always activate two-factor authentication and securely back up your wallet recovery seeds.
Bottom Line
For Indonesian crypto traders seeking the best crypto exchanges in Indonesia, Binance stands out with its comprehensive IDR support and virtual account integration. Blofin provides an excellent alternative with competitive fees and advanced trading features. Both platforms maintain full compliance with local regulations while offering extensive cryptocurrency selections and reliable customer support.
