Thanks to Indonesia's crypto-friendly laws, there is no shortage of crypto exchanges offering their services to citizens. Having so many options can be confusing and choosing the right exchange can make all the difference to your trading experience.
Most brokers offer a similar range of options but some stand out by supporting unique trading features. CoinMarketCap Alexandria has compared multiple exchanges and come up with a guide on the best options currently available for budding crypto traders in Indonesia. Below are some of the exchanges that made the cut.
Binance is a popular name in the crypto space due to the exchange’s high liquidity, low transaction fees and discounts for users that pay in its native Binance Coin (BNB), in addition to the Binance Smart Chain blockchain network. Indonesian citizens who sign up with Binance exchange get complete access to the flagship platform.
The exchange supports over 300 different cryptocurrencies, including its native exchange token BNB. Crypto investors based in Indonesia can make use of features that include staking, saving and yield farming. Advanced traders can also make use of multiple trading options, as well as charting tools.
Binance users in Indonesia can:
- Buy, sell and trade multiple coins
- Stake liquidity provider tokens to earn interest
- Take part in launchpads of new tokens
- Access advanced trading features and tools
CoinSpot is a veteran exchange that was first launched in Australia back in 2013. It has since expanded its services to a global audience and supports users from Indonesia. The exchange is known for its user-friendly interface. Users can easily buy, sell and trade cryptocurrencies using CoinSpot’s mobile and desktop versions. CoinSpot also offers corporate accounts for large traders and businesses. Indonesian businesses can access these accounts to access tailored features.
CoinSpot users in Indonesia can:
- Buy, sell and trade over 200 different cryptocurrencies
- Set up corporate investor accounts
- Benefit from competitive trading rates
Kraken is an international exchange that is available to Indonesians. The exchange offers a simple way for users to buy and trade cryptocurrencies. This is evident in its user-friendly interface, which is designed to help investors to access crypto trading in the simplest possible way. Kraken lives up to its reputation as a reputable exchange and offers 24/7 support for customers. Kraken supports fewer coins than Binance but it is ideal for users that want an easy and secure way to buy crypto in Indonesia.
Kraken users in Indonesia can:
- Access unique trading and charting tools
- Enjoy 24/7 customer support
- Buy crypto at competitive market rates
Coinbase is the only publicly-listed exchange in this guide and is available to citizens of Indonesia. It is regarded as one of the world’s safest exchanges and has never reported any significant security breach. Coinbase has also been praised for its user-friendly experience, making it a great exchange for newbies.
Coinbase also has a Coinbase Pro platform for experienced traders and investors that seek advanced trading options. Coinbase supports fewer coins than other exchanges but it’s reputed for its strict vetting process before listing new coins.
Coinbase users in Indonesia can:
- Buy, trade and sell digital assets
- Make use of an intuitive, easy-to-use platform
- Access advanced crypto trading tools on Coinbase Pro
- Make use of features such as staking
Bittrex has become a popular option in recent years due to its credit-earning features. In contrast to Coinbase and Binance, which both charge floating fees, Bittrex charges a flat fee of 0.25% per trade, making it slightly more expensive. However, the exchange allows users to earn credits for taking part in activities, which can then be used to benefit from zero-free trades. Bittrex supports over 300 different coins and users are sure to find newer crypto assets listed on the platform.
Bittrex users in Indonesia can:
- Buy and trade over 300 different cryptocurrencies
- Store crypto using a secure native wallet
- Access advanced trading tools
Gemini is an exchange that is well-known for its security features and compliance with regulations. Indonesian users can access crypto services and earn rewards on the trading platform. The company regularly undergoes audits, making it a fairly transparent crypto exchange.
Gemini users in Indonesia can:
- Earn rewards for trading activities
- Access over 30 different cryptocurrencies
- Rest assured with a regulated and compliant exchange
OKCoin is a major player in Southeast Asia. It has a localized presence in Singapore and is accessible by Indonesian users. OKCoin is known for providing analytical trading tools that allow traders to make accurate analyses of market trends. The platform is reliable and charges low transaction fees. Users can also trade on multiple crypto markets.
OKCoin users in Indonesia can:
- Trade on multiple crypto markets
- Enjoy low transaction fees
- Make use of complex trading analytical tools
Bybit is an exchange that is mainly used for derivatives trading and enables up to 100x leverage on positions. The platform is ideal for Indonesian traders who are familiar with these advanced features. Users can also integrate customized trading bots in order to perform multiple trades. This feature is ideal for professional crypto traders and institutional investors. Bybit also offers one of the best customer support services in the industry.
Bybit users in Indonesia can:
- Use advanced derivatives market features
- Integrate custom trading bots
- Trade on margin