All links are external & open in a new tab, except for "Read Review" buttons. Before jumping into this page, an important disclosure.
You'll need a Bitcoin wallet before you buy since some exchanges require one.
Don't have a wallet? Read our guide on the best Bitcoin wallets.
Coinmama allows customers in almost every country to buy bitcoin with a credit or debit card. They charge an ~6% fee on each purchase.
If buying less than $150 worth of bitcoins, you won't need to verify your identity. This convenience makes small purchases quick and easy.
Want to buy using Coinmama? This step-by-step guide will show you how to use Coinmama.
LocalBitcoins is an escrow service which also helps to match bitcoin buyers and sellers. The most common method of payment for purchase is cash deposit. However, users may advertise trades for whichever payment method they prefer.
Buying bitcoins via an in-person meeting, secured and facilitated by LocalBitcoins, may be one of the fastest and most private ways to buy bitcoins in any country.
Luno is a universal Bitcoin platform that provides secure exchanges where people can buy/sell Bitcoin. Luno offers a unique fee structure for traders in Indonesia. Makers are rewarded a +0.2% bonus on a trade, while takers are charged -0.2%. Hence, traders are incentivised to bring their orders to Luno.
bitcoin.co.id is Indonesia's largest Bitcoin exchange. You can buy bitcoins using cash in Jakarta or Ubud, or online via bank transfer, Alfa network, Doku, Veritrans, or EasyPay.
You can use our Bitcoin ATM map to buy bitcoins with cash. Bitcoin ATMs can be a quick and easy way to buy bitcoins and they're also private. That convenience and privacy, however, comes with a price; most ATMs have fees of 5-10%.
Technically, VirWoX isn't even a Bitcoin exchange. It mainly serves as a way for people to buy Second Life Lindens, a currency used in the virtual world Second Life. You can't buy Bitcoin with PayPal directly at VirWoX, but it's possible to first buy Second Life Lindens (SLL) and then trade your SLL for Bitcoin. This process works perfectly, but in the end will cost you about 10% in fees.
This workaround/hack has made VirWoX the easiest and most popular way to buy bitcoins with PayPal.
Mycelium Local Trader helps you find local Bitcoin sellers. Once you locate a seller, you meet up in-person and conduct the trade. Mycelium charges absolutely no fees. While Mycelium Local Trader works great in highly-populated areas, users in low population areas will have trouble finding sellers.
Changelly lets you buy bitcoin with Litecoin, Dogecoin, altcoins and many other digital tokens. Changelly works in nearly every country but you will need another cryptocurrency in order to purchase bitcoins. Exchanges happen almost instantly because Changelly never actually controls your tokens but just exchanges them.
Bitcoin-OTC is an over-the-counter marketplace for the peer to peer exchanging of bitcoin. It is almost like a Craigslist for Bitcoin. Users must create ads or locate other ads to find sellers of bitcoin. Bitcoin-OTC is somewhat complicated and hard to use, but may be the only option for users in some countries without an exchange.
Indonesia is one of the world's 5 largest populations, at least 80% of it remains unbanked. It is not allowed for Indonesian people to pay for something within the country using any other currency other than Rupiah.
There are more than 250 million people in term of population with remittance market cap reaching around 7 billion US dollar a year, it is only right if we try to use Bitcoin to support remittance services and make it easier, faster and cheaper for people to transfer money from anywhere around the world to Indonesia or vice versa.
It appears that there are more traders than actual Bitcoin users. It is not allowed for Indonesian people to pay for something within the country using any other currency other than Rupiah—not US Dollar, not Yen, and definitely not Bitcoin. Since Bitcoin is not treated as a currency, it cannot be used to pay for something with Bitcoin in Indonesia; the government only allows Rupiah as a legal payment instrument in the country.
The organization has been set up as part of Bali's BitIslands initiative, which aims to turn the popular Indonesian tourist destination into a 'bitcoin paradise'. The company also accepts payments in Indonesia's national currency, the Rupiah.
Localbitcoin volume in Indonesia is relatively stable. The country saw volume highs of 350 million USD in November of 2016. According to coinatmradar.com , there are 3 ATMs throughout Indonesia, one in Bali, Jakarta, and Ubud.
ArtaBit is a digital payment system that uses Bitcoin, it is regarded as one of the pioneers for Bitcoin in Indonesia. Any startup that is an ecommerce website, can integrate ArtaBit services to support bitcoin payments. In addition, the site also lets you purchase bitcoins with Indonesian Rupiah.
Bitcoin.co.id , aka Bitcoin Indonesia launched around the same time as ArtaBit, but is only a trading center. On the site’s homepage, you can see the latest bitcoin exchange rates, including the lowest and highest levels of the week, and where it currently sits. Each update comes in three-hour intervals. The site itself does not set the exchange rate, but instead just presents the exchange rates offered by sellers.
Established in mid-2014, BitDoku is one of the newer players on Indonesia’s cryptocurrency scene. Founder Tiyo Triyanto claims BitDoku is already better than the local competitors because it delivers bitcoin to the buyer in around three minutes flat.
BitDoku allows users send an SMS or WhatsApp messages to Triyanto and his team with the amount they want to purchase, their Bitcoin wallet address, and personal email address. Minutes after users make their payments, they are notified of the bitcoin’s arrival.
This startup’s Bitcoin service is still in the development stage. Similar to Bitcoin.co.id and BitDoku, Bestbit also sells bitcoin for Indonesian rupiah. However, before users can purchase bitcoins, they are required to make a real-money deposit in advance. Currently, BestBit charges nothing for users to buy and sell bitcoins to each other. Instead, it plans to take a one percent fee each time users withdraw cash from their Bestbit account.
Bitcoin merchants keep appearing in Indonesia and there are also a lot of our members that use Bitcoin to pay for Internet and electricity bills, top up their cellphones balance, book a plane ticket, etc. Nearly every merchant in Indonesia that accepts payments in Bitcoin, automatically converts the Bitcoins they receive into Rupiah and send the money into their bank account. This way, Bitcoin pretty much works like credit card and thus, does not violate the rules from government.
Ipaymu.com helps webshops and online merchants accept credit card and alternative payments over the internet, it’s platform has PayPal integrated.
On February 6, 2014, Bank of Indonesia issued a statement on bitcoin and other virtual currencies. It stated that these are not considered to be currency or legal payment instruments in Indonesia, and warned the public that the user/owner of bitcoin bears all risks related to their ownership/use. Please Release, Bank Indonesia, Statement of Bank Indonesia Related to Bitcoin and Other Virtual Currency (Feb. 6, 2014).
Other than giving an official statement about how they see Bitcoin, which you can see here, the Indonesian government hasn’t made any important moves to restrict or facilitate bitcoin transactions in Indonesia. With no clear regulation, we’re operating as a marketplace that obeys the usual regulation regarding financial transactions in Indonesia which is collecting their ID, asking their sources of funds and the purpose of their transactions. We do this to comply with the KYC in order to prevent money laundering happening within the country using Bitcoin.