Bitcoin Indonesia

Bitcoin Indonesia

Bitcoin Indonesia
In Social Media:
Intuitive Ease of use,  Enough secure,  Anonymously trading

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.

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

  • Web Interface
  • Mobile App
  • API

Stock Market Options

Interface
customisation:

  • Allows light and dark theme

Advanced
Options:

  • Limit Order
  • Market Order
  • Pending order

Discounts For
The Big Traders:

  • No Maker fees

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 storage

Advanced Security Features:

  • Email reports of logins
  • Limit amount of daily withdrawls

Security Features:

  • SSL
  • Regular Auditing Programs

Legal Registration or Compliance:

  • KYC/AML Compliant

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 c 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
Yes

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