Where to Buy and Sell Bitcoin in Indonesia

Here are the top most popular and trusted bitcoin exchanges in Indonesia where you can buy, sell, transfer and invest in bitcoins.

1] Bitcoin.co.id

About company: – Bitcoin.co.id was first built in May 2013. It is an online platform where you can buy and sell Bitcoin, Ethereum and other Digital Assets in Indonesia. It has the biggest Bitcoin Marketplace in Southeast Asia. Bitcoin.co.id was established in order to socialize and educate people in Indonesia regarding Bitcoin and Cryptocurrency. Bitcoin.co.id can be accessed easily through various types of devices, such as PC, laptop, tablet, and smartphones. Trade anywhere, anytime,

Fees Structure: – Fees not displayed publicly.

Payment method: – cash in Jakarta or Ubud, or online via bank transfer, Alfa network, Doku, Veritrans, or EasyPay.

Pros

1. Good liquidity.
2. Many payment methods available for deposits.
3. Support is available 24/7.
4. Bank deposits are processed instantly.
5. Trading is easy and secure.

Cons

1. Not private since ID verification is required.
2. Exchange can be hard to use for new Bitcoin users; it’s geared towards traders.
3. It has low privacy.

2] Quoine

About company: – Quoine is a foremost fintech company that delivers trading, exchange, and next-generation financial services motorized by blockchain technology. The offices of Quoine is in Singapore, Japan, and Vietnam.

Quoine combines a strong network of local partners with extensive team experience. In banking and financial products to deliver best in class financial services for its customers.

Fees Structure: – 0.25%.

Payment method: – Indonesia local bank account for IDR deposits and withdrawals.

Pros

1. It’s easy to use and understand.
2. Lowest trading fees, in fact, they offer zero trading fees until the end of March.

• Fast execution of the trade.

1. Spot trading or simply buy & sell.
2. limit trading by setting up your desired price.

Cons

1. Very slow withdrawal process.
2. They are not trustworthy at all.

3] Luno (eka BitX)

About company: – Luno is founded in 2013. The headquartered of Luno is in Singapore, with a development team in Cape Town and a satellite office in Palo Alto. It has opened an office in Jakarta, Indonesia.

Luno is a Bitcoin exchange which is present in Singapore, Nigeria, South Africa, Malaysia, Nigeria, and Indonesia.

Luno also offers an Instant Buy feature.

Fees Structure: – 0% fees for market makers, the fee varies dynamically depending on the Bitcoin network traffic.

Payment method: – Bank transfer.

Pros

1. One of the most trusted Bitcoin exchanges in Asia.
2. Free deposits and low withdrawal fees.
3. Low fees; 0% for market makers and only 0% – 1% for market takers (depending on fiat currency).
4. High to infinite limits for exchange, depending on verification level.
5. Easy to use.

Cons

1. Users should not store bitcoins in Luno’s wallet service.
2. Limited deposit options.
3. It has low privacy.
4. No credit/debit card options.