Indodax is a digital exchange of cryptocurrencies with its main headquarters in Indonesia (hence its name). It is currently a remastering of another exchange that was before, had its re-launch this year in mid-March. Although this exchange aimed at the Indonesian public, we can still observe, request and carry out several large-scale operations. Keep in mind though, that this exchange only accepts deposits in the Indonesian Rupiah, so, use Rupiah if you are not from Indonesia.
User Registration in Indodax
To create a personal account, users must provide a username, password, an email address, and both primary and alternate phone number. After fulfilling all the requirements, you will receive an SMS verification code on your provided phone number. This means that you must have the provided phone number with you to successfully create an account. After providing the SMS verification code, the website will redirect you to your account.
Directed Experienced and Novice on the Subject
For those individual or private users who prefer to buy Bitcoin through a more traditional negotiation or average to say it in a way, the exchange also offers the possibility of operating in the cryptocurrency market with its trading platform. To access the trading platform, all you need to do is select the "Spot Market" tab that is on the left side of your account page. On the platform, you have a selection of different alternative digital currencies with which you can trade with them, among which we highlight the most outstanding: BCH, BTC, BTG, DASH, DOGE, ETC, ETH, LTC, NXT, WAVE, XRP.
- Large variety of cryptocurrencies available for trading
- Average commissions
- Accepts deposits and withdrawals in fiat or fiduciary currencies
- Directed to a specific audience (Indonesia)
- Little recognized and little time in the market
This measure including classic currencies is not usual in a cryptocurrency exchange. Currently, we can observe a small number of sites that accept the same process. Indodax does not impose any limit on deposits in fiduciary currency, that is, there is no minimum and maximum for each transaction that takes place within it.