Best Crypto Exchanges in Indonesia

Best Cryptocurrency Exchanges in Indonesia

After evaluating the 27 exchanges accessible in Indonesia, we have identified the leading platforms that comply with the regulations set by the Commodity Futures Trading Supervisory Agency (Bappebti). Our review considered transaction fees, user interface, supported digital currencies and IDR deposit options. Below is a comparison of the top 5 platforms for Indonesian investors.

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1. Bybit

Bybit is a top cryptocurrency exchange, serving 40 million users across Indonesia and 160 other countries. It has a daily trading volume of over $40 billion across all order books. Known for its robust trading options, it offers spot, futures, and options trading with support for over 1,300 digital assets with up to 100x leverage for derivatives.

It provides a range of services, including staking for passive income, a crypto card, an NFT marketplace, crypto loans, and copy trading features where users can replicate the strategies of top traders. As a global exchange, it can be used in Bahasa Indonesia and provides live local customer support.

• Fees: Maker fee of 0.02% and taker fee of 0.055% for futures and 0.1% for spot trading.
• Supported Assets: Over 1,300 digital assets.
• Regulation & Licensing: Licensed across Asia and available in Indonesia.
• IDR Deposit Methods: Bank transfers, credit cards, debit cards, Mandiri Pay, Samsung Pay, Google Pay, Apple Pay, and Swapple.

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2. MEXC

MEXC is the most suitable choice for Indonesian traders seeking high-leverage options, offering up to 200x leverage on hundreds of futures contracts. There is a wide range of over 800 digital assets to trade on spot, derivatives and options markets, catering to traders looking for diverse market opportunities. 

The platform offers a comprehensive suite of services, including staking, margin trading, Initial Exchange Offerings (IEOs) and a launchpad for new tokens. It has over 10 million registered users across 170 countries and provides a multilingual interface that can be used in 18 languages, including Bahasa Indonesia. 

• Fees: Maker fees from 0.02% to 0.06% and taker fees between 0.06% and 0.08%.
• Supported Assets: Over 800 cryptocurrencies.
• Regulation & Licensing: Operates under an Estonian license but can be accessed from Indonesia.
• IDR Deposit Methods: Debit or credit cards.

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3. Gate.io

Gate.io has the most extensive selection of digital assets globally, with over 2,100 cryptocurrencies available for trading on spot and derivatives markets with 100x leverage. This makes it a top choice for investors looking to diversify their portfolios across a various tokens, including many not commonly listed on other exchanges like meme coins and altcoins.

The exchange provides advanced features like copy trading, staking, lending and borrowing services, trading bots and access to decentralized finance (DeFi). Gate.io’s commitment to security and user education further enhances its appeal, providing a reliable platform for both new and experienced traders.

• Fees: 0.1% for maker orders and 0.2% for taker orders.
• Supported Assets: Over 2,100 digital assets.
• Regulation & Licensing: Regulated in Asia and available in Indonesia.
• IDR Deposit Methods: Bank transfers and credit cards.

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4. Binance

Binance is the leading global trading platform with over 210 million registered users. It is recommended for institutional traders in Indonesia, supporting multiple trading options, including spot, margin, futures, and options trading. With one of the highest liquidity levels in the market, it is ideal for large transactions and provides access to over 350 cryptocurrencies. 

Its advanced trading tools, such as futures with leverage up to 50x and a range of order types, make it a powerful platform for professional traders. Beyond trading, Binance offers staking, savings products, and a launchpad for new projects. Its security measures, including multi-tier security architecture, 2FA and transparent reserve holdings, ensure a safe trading environment.

• Fees: Spot trading fees start at 0.1%, and the maker/taker rebate begins at 0.02% and 0.07%.
• Supported Assets: More than 350 cryptocurrencies.
• Regulation & Licensing: Regulated globally and available in Indonesia.
• IDR Deposit Methods: Bank transfer, credit card, debit card or Apple Pay.

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5. Pintu

Pintu is based in Jakarta and is known for its focus on mobile trading. Catering primarily to Indonesian users, it offers over 150 cryptocurrencies. Starting from an accessible entry point of just Rp 11,000, it is designed to be accessible for beginners. It provides a simple interface that is supported in both Bahasa and English.

Registered and licensed by BAPPEBTI, Pintu assures users of its commitment to security, supported by multi-layered security measures, including biometric identification and two-factor authentication. It also provides additional features such as staking and interest-earning accounts, making it easy for users to grow their crypto holdings. 

• Fees: 1% spread, and a flat Rp 4,500 for Rupiah withdrawals.
• Supported Assets: Over 150 cryptocurrencies.
• Regulation & Licensing: Fully registered and overseen by BAPPEBTI.‍
• IDR Deposit Methods: Bank transfers and e-wallets.

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Is Crypto Regulated in Indonesia?

Crypto in Indonesia is regulated as a commodity, not legal tender, under the oversight of the Commodity Futures Trading Regulatory Agency (Bappebti) since 2018. This allows for legal trading on regulated exchanges. Bank Indonesia initially banned cryptocurrency as a payment method in 2017, but the regulatory framework has since evolved to support a growing market. 

By 2025, oversight will shift to the Financial Services Authority (OJK), further strengthening regulation. Crypto exchanges must be licensed and adhere to strict financial standards, with taxes automatically applied to transactions. The regulatory landscape is set to continue evolving, with OJK taking a more active role in 2025.

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How is Crypto Taxed in Indonesia?

In Indonesia, cryptocurrency is taxed as a commodity, and the government has implemented clear guidelines for its taxation. Profits from trading are subject to a 0.1% income tax (PPh), while a value-added tax (VAT) of 0.11% is applied to the transaction value. These taxes are automatically deducted by crypto exchanges at the time of the transaction, ensuring compliance.

Furthermore, the Ministry of Finance requires all crypto holders to declare their assets to the authorities, promoting transparency and integrating digital currencies into the national tax system. Both residents and non-residents involved in crypto transactions in Indonesia are expected to comply with these tax obligations.

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How to Buy Bitcoin in Indonesia

For those in Indonesia who are new to cryptocurrency, purchasing Bitcoin through a reputable digital asset exchange is a crucial first step. Here’s a simple guide to help you get started:

1. Create an Account: Start by selecting an exchange that operates in Indonesia. Sign up for an account and complete the necessary verification process, which typically includes providing a valid photo ID and additional documents like a selfie or proof of address.
2. Deposit Indonesian Rupiah (IDR): Navigate to the deposit section of your account, select IDR as your deposit currency, and enter the amount you want to transfer. Deposits can be made via bank transfer, mobile payment services, or credit card.
3. Choose Bitcoin: In the platform's trading section, search for Bitcoin (BTC). Look for the IDR/BTC trading pair to view the current market rate. You’ll find options like market and limit orders that allow you to customise your trade.
4. Execute the Trade: When ready, click 'buy' or 'trade' to purchase Bitcoin. Carefully review all order details before finalising the trade, including the price and any fees.

This guide provides a clear, step-by-step approach for users in Indonesia to begin trading Bitcoin, from setting up an account to making their first purchase.

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Bottom Line

In conclusion, Indonesia’s crypto market is rapidly expanding, supported by a strong regulatory framework and growing investor interest. With over 19 million registered users by 2024, the market offers diverse trading opportunities across top exchanges like Bybit, MEXC, Gate.io, Binance, and Pintu. These platforms provide various features and services, from high-leverage trading to extensive asset selection, catering to different trading needs.