Indodax
Indodax
Data verified on unchanged since the sources
Worth it if you operate from Indonesia and want the country's #1 exchange by volume, Bappebti-licensed with 8.5M users.
Avoid it if you are in Italy (where it is unavailable) or trade actively: the 0.51% taker fee is among the highest around.
Indonesia's top exchange by volume, regulated by Bappebti and with a base of 8.5 million users. Operations remain confined to Indonesia, however, and the 0.51% taker fee is among the highest on the market.
Data & conditions
| Maker / Taker fee | 0.3% / 0.3% |
|---|---|
| Markets | Spot |
| Max leverage | 1× |
| Supported assets | 300+ |
| Trading pairs | 200+ |
| 24h volume | $6.73M |
| Fiat on-ramp | Yes |
| Deposit methods | Bonifico bancario (Virtual Account), QRIS, E-wallet (OVO, DANA, ShopeePay, LinkAja) |
| Geo restrictions | Non-Indonesia |
| Staking / Earn | Indodax Staking (recently launched) |
| Fund custody | Custodial (platform holds funds) |
| KYC | Full |
| Supported countries | APAC · 1+ countries |
| Regulator | Bappebti / OJK |
| OAM Italy registration | No |
| Segment | B2C |
| MiCA / License status | Bappebti Indonesia Bappebti/OJK (Indonesia) |
Strengths
- #1 Indonesia for volume; Bappebti licensed; 8,5M users.
- No notable sovereignty advantage documented.
Weaknesses
- Only Indonesia; fee 0,51% taker among the highest.
- Custodial: the platform holds your funds and can freeze or lose them.
- Full KYC required: verified identity, zero pseudonymity.
- Subject to regulation (Bappebti/OJK (Indonesia)): reporting to authorities and freezes on order.
- Geographic restrictions (Non-Indonesia).
Verdict
The decent score rewards the fact that Indodax is Indonesia's top exchange by volume, regulated by Bappebti and OJK, with 8.5 million users — genuine guarantees for the local market. Weighing against it are the 0.51% taker fee, among the highest in the segment, and operations confined to Indonesia alone, with no access from Italy.
For the crypto-native, Indodax remains a custodial with full KYC tied to a single regulated market: no self-custody, no anonymity, no censorship resistance. The firm grip of Indonesian regulators — a virtue for protection — here just means the user's funds and operations depend entirely on one jurisdiction and one intermediary.
Promp's editorial rating based on real fees and net annual cost. Promp reviews third-party products independently.
"Sovereignty" rating: score computed on privacy/anonymity (30%), fund control (20%), censorship resistance (20%), trustless/auditability (20%) and costs (10%). Same data, different weights.
Reputation
What happened to people who used Indodax, and what users say. External signals: they do not feed the promp.it rating.
Incidents & regulatory actions
History not verifiedWe have not yet completed the incident search for this service: no entries here does not mean no events.
Public reviews
-
Google Play ↗
4.7/5
200,879 reviews
Exact count from JSON-LD (ratingCount 200879; ratingValue 4.6698). The visible label rounds to '201K'. Package id.co.bitcoin, 10M+ downloads.
-
App Store ↗
4.7/5
24,737 reviews
Indonesia store (id). Exact value 4.6954. 'Indodax' app by PT Indodax Nasional Indonesia (id 1349104693). Trustpilot omitted: rating suppressed by the platform for a guidelines breach.
Weighted average across 2 public review platforms (225,616 reviews in total), weighted by volume. This is not our rating: it is those platforms’ average.
FAQ
What are Indodax's fees?
On Indodax, spot fees are maker 0.3% / taker 0.3%. They drop with monthly volume and VIP tier.
Is Indodax regulated in Europe?
Regulatory status of Indodax: Bappebti/OJK (Indonesia). Licence: Bappebti Indonesia (ID).
Does Indodax publish Proof of Reserves?
Proof of Reserves publication is not documented for Indodax. No third-party reserve audit is documented. Reserve transparency is a critical factor after the FTX collapse.
Can I send transfers to third-party IBANs from Indodax?
No, Indodax is an exchange and does not allow transfers to third-party IBANs: fiat withdrawals return to a bank account in your own name.
Does Indodax support derivatives and futures?
Indodax does not offer derivatives: it focuses on spot trading.
Sources
- Official service page Maker/taker fees · Regulatory framework · Derivatives · OAM Italy registry · +1 Data verified on Jun 15, 2026
- blog.indodax.com Legal name Data verified on Jun 15, 2026
- coindesk.com Past incidents Data verified on Jun 15, 2026
- coingecko.com 24h volume · Volume data · Geo restrictions Data verified on Jun 15, 2026
Show 5 more sources
- crunchbase.com Company type · Stock ticker · Stock listing · IPO date Data verified on Jun 15, 2026
- east.vc Investors Data verified on Jun 15, 2026
- help.indodax.com Bug bounty · Deposit methods · Proof-of-Reserves Data verified on Jun 15, 2026
- darmawan.capital Founders Data verified on Jun 13, 2026
- traderabyss.com Third-party audit · Trading pairs · Geographic availability · Staking & Earn · +1 Data verified on Jun 13, 2026