Indodax - indodax.com REVIEW, TRADING VOLUME AND PAIRS
In this review, we will provide feedback on Indodax, as well as evaluate its advantages and disadvantages. Is this exchange of interest of traders? And who are these people who trade on it?
What is known about the Indodax.com exchange?
The indodax.com exchange has been operating since February 2014. It originates from Indonesia, where four of the company's offices are currently located. Initially, the project was called Bitcoin.co.id, but four years after its creation there was a rebranding. It is one of the most important exchanges in Indonesia, which is in demand among the local population, but by industry standards the platform is small.
Advantages and disadvantages
• The site is presented in three language versions: English, Indonesian, and Chinese.
• Traders have the opportunity to trade 61 cryptocurrency pairs, and all coins can be sold and bought for both cryptocurrency and Indonesian rupiah.
• When withdrawing in fiat money, the amount arrives at the account within one banking day. All operations with cryptocurrency are instant.
• The exchange works with many banks in Indonesia.
• Accounts are protected with multi-factor authentication, mail verification, SMS, and pin code.
• The official website is cross-platform and allows you to trade via PCs, smartphones or tablets.
• The support service is available 24/7.
• The commission fee is calculated on the "Maker-Taker" principle and can be from 0 to 0.3%.
Registering on Indodax does not allow you to use all the available functionality, you will have to pass verification. Another disadvantage is that there are restrictions for a whole list of countries whose citizens cannot be customers of the platform.
The Indonesian exchange has existed since 2014 and is known in narrow circles, in particular, it is popular in the country of its foundation. Four large Indonesian cities have crypto-exchange offices, which accept local currency and cooperate with banks. Although the daily turnover of the platform is small, it has a good reputation, consistently develops, and from time to time expands the list of cryptocurrencies.