Bitcoin Indonesia
- Overview
- Security
- User Experience
Volume 24H: BTC 4,793/24h; 819,882 users
Bitcoin Indonesia is the largest cryptocurrency exchange in Indonesia and though it offers worldwide services, it accepts fiat deposits only in Indonesian Rupiah, which makes it more expensive for international users. Users can buy and sell Bitcoin, Ethereum, and other digital coins through the web platform as well as the two mobile Android apps.
The interface is user-friendly, easy to use and offers a detailed FAQ guide. A user can get insights on high and low bidding prices, trading volume over the last 24 hours, trading history etc. After registering and verifying their email, users can trade BTC with altcoins, but trading Bitcoin against Rupiah requires ID and a personal photo. The platform is best-suited to Indonesian traders.
Crypto Currencies Support
- BTC
- BTS
- DASH
- DOGE
- ETH
- LTC
- NXT
- XEM
Traditional Currency Support
Language Support
- English
- Indonesian
Country Support
- Australia
- Canada
- China
- European Union
- Hong Kong
- Japan
- Most Africa
- Most of Asia
- Most of Eastern European Union
- Most of Latin America
- Most of the Middle East
- New Zealand
- Norway
- Russian Federation
- Singapore
- Switzerland
- Turkey
- United Kingdom of Great Britain and Northern Ireland
- United States of America
Platforms Systems
- — Api
- — Mobile App
- — Web Interface
Stock Market Options
User accounts are protected through multi-factor authentication, and a combination of email and SMS verification that guarantees every transaction on the exchange is signed and validated only by the user. Bitcoin.co.id offers their own cryptocurrency wallet, which can be used to store digital coins or to send them elsewhere. There have been no reports regarding hacking of the platform.
Summary:
| 2 Factor Authentication | Yes |
| Funds Insured | Funds Are Not Insured |
| Private Keys Stored On | Exchange Platform |
| Storage Type | Hot |
Bitcoin.co.id is an exchange created by PT. Bitcoin Indonesia, registered in Bali, Indonesia. The firm was created in 2013 by Oscar Darmawan (CEO) and William Sutanto as a news platform for digital assets, but in 2014 they turned it into an exchange. In November 2017, Bitcoin Indonesia got an undisclosed financing round from VC firm East Ventures in order to expand its reach in Southeast Asia.
Summary:
Bitcoin.co.id is a popular Indonesian crypto exchange that enjoys a good reputation. Some strong points include good liquidity, various payment options for deposits, fast processing for bank transfers, and efficient customer support. Some of its drawbacks are lack of privacy, difficult to handle for novice users, no leverage trading, and limited altcoin trading pairs.
| Ease of use | Intuitive |
| Transaction Fees | 0-0.09% |
| Deposit/Withdrawal Fee | 0-0.09% |
| Deposit/Withdrawal Fee For Bank Transfer | 0.8% -1.0 |
| Deposit/Withdrawal Fee For Credit Card | It's Free (fees May Be Hidden) |
| Deposit/Withdrawal Fee Charged For 3rd party Payments | It's Free (fees May Be Hidden) |
| Anonymous Trading | No |
Deposit/Withdrawal Options:
Deposit from bank account, Deposit using credit card, Deposit using 3rd party, Withdrawl funds to bank account, Withdrawal funds to credit card, Send/Receive Crypto
Functionality:
Bitcoin.Co.Id accepts deposits and withdrawals via bank transfer, online wallets, credit/debit cards, cash, and vouchers. Rupiah deposits are only charged fees for using EasyPay, MyShortCart, and e-wallet doku, while Rupiah withdrawals are charged 1% from the total. Bitcoin.co.id has one of the lowest fees for Bitcoin trading, only 0.3% per transaction for market takers and 0% for market makers.
Most common customer complaint:
— Accepts fiat deposits only in Indonesian Rupiah