Indodax is an Indonesian cryptocurrency exchange which is based in Bali. The exchange was established in 2013 as, and now it is one of the leading exchanges of the world. The exchange allows its users to either directly buy/sell from them or to trade via their spot Market. The Quick buy feature is not a trading feature which many of the exchanges offer. The exchange is centered on the Indonesian Market, therefore, quoted prices are in Indonesian Rupiah instead of US dollars. The exchange also offers margin trading for the traders who wish to trade aggressively. The exchange has adopted the maker and taker pricing model as it promotes the liquidity on the exchange. The exchange charges 0% maker fee and the taker fee is maximum of 0.3% per transactions. The exchange supports various payment methods like Bank wire transfer, EasyPay transfer or Direct Bitcoin transfer. The Bank wire transfer is usually for Indonesia-based investors and is free of cost as long as it is in Indonesian Rupiah. The exchange also lets its users trade anonymously. However, the exchange charges higher fund transfer fees and trading fees. The users of the exchange can buy or sell Bitcoin for their own price using Bitcoin spot market feature.
Back to top button