Is INDODAX an exchange?

INDODAX (formerly known as bitcoin.co.id) claims to be the largest marketplace platform to buy and sell digital assets (e.g. Bitcoin, Ethereum, Ripple) in Indonesia. As of Nov 2019, the exchange has more than 64 coins listed and 75 trading pairs. INDODAX claims to have more than 2 million registered members.

How do you buy coins on INDODAX?

BUY TEN USING IDR

Deposit Rupiah to Indodax. a. Click ‘Finansial’ menu, choose ‘Deposit/withdraw Rupiah’.
2. Go to Spot Market and choose TEN/IDR. Please go to BUY TOKENOMY, Enter the Rupiah amount you want to use to buy TEN and your desired price. Click Confirmation to continue.

How do I sell INDODAX?

Click the “Market” menu and select the crypto asset that you wish to buy….Limit Method

To sell Bitcoin at a set price, select “Limit Order”
Enter your desired Bitcoin price to sell.
Confirm the order by clicking “Sell”
If your order is successful, the Rupiah balance will automatically appear in your account balance.

Is INDODAX regulated?

INDODAX is committed to be responsible based on laws and regulations on privacy applicable in Indonesia (“Privacy Law”) and is fully committed to respect privacy rights and issues of all Members / Verified Members registered in our platform.

How do I send bitcoin to Indodax?

How to send bitcoins balance to your personal wallet:

Click ‘Deposit/Withdraw Bitcoin’ on the ‘Wallet’ and follow the instructions.
Enter the bitcoin amount you want to send to your personal wallet.
Enter your bitcoin address, and your Google Authenticator PIN or SMS PIN.
Click ‘Send’.

How can I buy Bitcoin?

Here are some of the ways to buy Bitcoin today:

ProShares Bitcoin Strategy ETF. Fees: 0.95% annually.
Coinbase Global. Fees: Up to 4%, depending on payment method.
Bitcoin ATM. Fees: Averaging about 7%
Robinhood Markets. Fees: No commission.
Square.
MicroStrategy.
PayPal.
Grayscale Bitcoin Trust.

How do I sell bitcoins on Indodax?

Click the “Marketplace” menu and select Market “BTC / IDR”. There are two choices of Sales Order Type, Limit and Market / Instant. If you want to sell Bitcoin using the limit method. Enter the amount of Bitcoin and the selling price that you want, then click the “Sell Bitcoin” button.

Is Bitcoin illegal in Indonesia?

Indonesia doesn’t allow the use of crypto assets as a form of currency, as the rupiah is the only legal tender in the country.

Is Bitcoin banned in Indonesia?

What is label Indodax?

INDODAX (formerly Bitcoin.co.id) is the longest running blockchain digital asset exchange in Indonesia since 2014, with multiple crypto assets trading with the Indonesian Rupiah (IDR).