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5 Best Crypto Exchanges in Indonesia for Safe Bitcoin Trading

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5 Best Crypto Exchanges in Indonesia for Safe Bitcoin Trading

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Find out which crypto exchange in Indonesia offers the best fees, features, and security for safe Bitcoin and Ethereum trading. Compare Indodax, Tokocrypto, Pintu, Luno, and Rekeningku in this detailed review.

Introduction

The popularity of cryptocurrency in Indonesia has skyrocketed, with Bitcoin once again reaching record highs. For traders and investors, one question often arises: Which platform is the best and safest place to buy and sell crypto? This article reviews five of the most popular exchanges officially registered with Bappebti — Indodax, Tokocrypto, Pintu, Luno, and Rekeningku — to help you make an informed choice.

1. Legality of Crypto Trading in Indonesia

Many people still wonder whether crypto trading is legal in Indonesia. The answer is yes. The government, through Bappebti, regulates cryptocurrency as a commodity for trading. That means platforms listed under Bappebti are monitored and provide a safer environment for traders.

2. Transaction Fees

Fees are often the first concern for traders. Exchanges apply different models, from flat withdrawal fees to percentage-based cuts. For example:

  • Indodax: Transaction fee around 0.3% (highest among the five).
  • Tokocrypto: Only 0.1% as a market taker.
  • Pintu: No transaction fees, but spread is wider.
  • Luno & Rekeningku: Generally reasonable fees, with flat withdrawal options.

Flat withdrawals, such as those offered by Tokocrypto, Pintu, and Luno, are more economical if you plan to withdraw large sums.

3. Number of Crypto Assets Available

Availability of coins is another differentiator:

  • Indodax: Over 110 coins and tokens — the most comprehensive.
  • Rekeningku: Also offers a wide selection.
  • Pintu & Luno: Limited to fewer major coins.

Beginners may prefer exchanges with fewer but more established coins, while advanced traders may seek variety.

4. Trading Features

Essential features for active traders include charting tools, stop-loss functions, and short-selling options. Here’s how the five stack up:

  • Tokocrypto: Offers all three key features, making it trader-friendly.
  • Pintu: Focuses only on buy-and-sell, no advanced features.
  • Others: Vary in functionality, but most provide basic charting.

5. Price Spread

The spread, or gap between buy and sell prices, affects short-term trading profitability. Based on monitoring on December 16, 2020:

  • Tokocrypto: Extremely low spread — as little as Rp1.
  • Pintu: Wide spread, less favorable for traders.

For active day traders, a tighter spread can make a significant difference.

6. Security and Technology

Security is often overlooked but critical in crypto trading. Common measures include 2FA and email/SMS confirmations. According to CoinGecko and CER.live ratings:

  • Indodax: Security score 8 (CoinGecko) and 7.19 (Cybersecurity).
  • Luno: Score 7 (CoinGecko) and 3.95 (Cybersecurity).
  • Tokocrypto: Uses Binance Cloud technology, with global security rating 9.35.

Since partnering with Binance, Tokocrypto has stood out in terms of cybersecurity and system reliability.

Conclusion

Each crypto exchange in Indonesia offers unique strengths and weaknesses. If you value low fees, essential trading features, tight spreads, and strong security, Tokocrypto emerges as the most well-rounded option. However, Indodax remains unbeatable in coin variety, while Pintu shines for simplicity and beginner-friendliness.

What do you think? Have you tried trading on any of these exchanges? Share your experience in the comments and don’t forget to spread this article to friends who want to start their crypto journey.

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