TOP CRYPTO EXCHANGES TO BUY BITCOIN IN INDONESIA!
So in this article, I want to discuss the best exchange for buying Bitcoin / Cryptocurrency in Indonesia based on personal experience. I will explain objectively based on my personal experience who has tried dozens of exchanges, including the pluses and minuses of each.
BEST EXCHANGE: Binance
Superiority:
1. The biggest CEX at the moment, the highest transaction volume, the biggest brand, has been tested through bear markets and all kinds of FUD, even when the FTX crash happened, Binance was the next target to be dropped but Binance was able to survive very well
2. It is very easy to exchange fiat into crypto / stablecoins with the P2P feature, and P2P merchants also have the most competitive rates when compared to P2P merchants on other exchanges
3. User interface / experience that is very easy to understand
4. There is a launchpool / launchpad as an extra benefit for BNB / FDUSD holders
5. There are other additional features such as Futures, Lending / Borrowing, Earn, and many more.
Lack:
1. Not an official exchange registered with CoFTRA and supervised by OJK
2. For tax reports, you still have to do it manually
LOCAL INDONESIAN EXCHANGE
Tokocrypto
Superiority:
1. Already registered with OJK and supervised by Bappebti
It's easier to report taxes on the results of buying and selling your crypto assets
2. Backed by Binance, the no. 1 exchange in the world
3. Quite similar experience to Binance, so it's not complicated if you are a Binance user
Lack:
1. Less features compared to Binance, such as Launchpool / Launchpad, etc
2. Fiat - crypto deposits are more expensive because there is an extra fee
Indodax
Superiority:
1. The 1st Indonesia Crypto Exchange since February 15, 2014
2. Already registered with OJK and supervised by Bappebti
3. It is easier to report taxes on the results of buying and selling your crypto assets
Lack:
1. The user interface / experience is still lacking compared to competitors
2. Many complaints of downtime when making transactions
