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EXCHANGES

In a nutshell

  • Exchanges are an easy way to buy bitcoin with rupiah and good for beginners as they offer a user-friendly interface, customer service, and other helpful features
  • However, Bitcoin exchanges in Indonesia come with some trade-offs: they require KYC, are custodial, and charge fees for their service
  • We to compared the different exchanges for you, so you can choose the one that suits your needs best

Buy bitcoin easily with rupiah – but be aware of the trade-offs.

Bitcoin exchanges are a simple way to buy bitcoin with rupiah. They are especially suitable for beginners as most of them offer a user-friendly interface, customer support, and other features. In turn, you pay a fee for the services. However, they ask for KYC, which could be a privacy risk, and it's not recommended to store your bitcoin on an exchange. Why? Because if you don't hold the keys, the bitcoin isn't really yours (custody vs. self-custody).

Indodax

  • First and largest Bitcoin exchange in Indonesia
  • Reasonable trading fees
  • Monthly bitcoin saving plan feature
  • OTC service points
  • Not very user-friendly interface
  • Few educational information
  • Withdrawal: Rp 25,000 (flat)
  • Deposit: Free (bank transfer), Rp 25,000 (virtual account)
5.0 Star Review

Tokocrypto

  • Large exchange
  • Many great features
  • High security
  • User-friendly interface
  • Comparatively higher trading costs
  • KYC verification is complicated
  • Withdrawal: Rp 5,000 – Rp 25,000 (flat)
  • Deposit: Free (bank transfer), IDR 25,000 (virtual account)
4.9 Star Review

Reku

  • Low fees
  • Simple, user-friendly interface
  • Great for beginners
  • Few educational information
  • Less known
  • Withdrawal: 0.05% (min. Rp 5,000)
  • Deposit: Free (bank transfer), Rp 2,500 (virtual account)
4.8 Star Review

Pintu

  • User-friendly interface 
  • Easy KYC process 
  • Suitable for beginners
  • Competitive trading fees
  • Poor amount of educational information
  • Withdrawal: 0.2% (min. Rp 25,000)
  • Deposit: Free (bank transfer), Rp 2,500 (virtual account)
4.8 Star Review

Ajaib Kripto

  • Integrated with Ajaib Sekuritas app 
  • User-friendly interface
  • Suitable for stock investors who want to invest in Bitcoin
  • Spreads are higher
  • Withdrawal: 0.25% (min. Rp 50,000)
  • Deposit: Free (bank transfer)
4.5 Star Review

How to store bitcoin?

You got your first bitcoin? Amazing! But now where do you store them? On the exchange, on your phone, or on secure hardware wallet?

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