Buy Crypto & Bitcoin in Indonesia

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  • Popular Exchanges to Buy Crypto & Bitcoin in Indonesia
  • Luno exchange logo
    Luno
    BUY NOW at Luno's Secure Site
    Fees
    Varies
    Account Minimum
    None
    Promotion
    None
    • Special support for Nigeria, Malaysia, Singapore, South Africa, Indonesia
    • Bank transfer supported
    • Trusted exchange

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.

Pros
  • One of the most trusted Bitcoin exchanges in Asia
  • Free deposits and low withdrawal fees
  • Low fees; 0% for market makers and only 0% - 1% for market takers (depending on fiat currency)
  • High to infinite limits for exchange, depending on verification level
Cons
  • Only supports Bitcoin and Ethereum
ease icon
Ease of Use
Easy
privacy icon
Privacy
Low
speed icon
Speed
Fast
fees icon
Fees
Low
reputation icon
Reputation
Trusted
limits icon
Limits
High

Coinmama allows customers in almost every country to buy bitcoin. They charge a 4.9%-5.9% (depends on volume) fee on each purchase.

Customers in Europe can also purchase bitcoins with SEPA transfer for a lower fee.

Pros
  • Works in almost all countries
  • Highest limits for buying bitcoins with a credit card
  • Reliable and trusted broker
Cons
  • Some of the highest fees among credit/debit card bitcoin brokers
ease icon
Ease of Use
Easy
privacy icon
Privacy
Low
speed icon
Speed
Fast
fees icon
Fees
Average
reputation icon
Reputation
Trusted
limits icon
Limits
High

PaybisPaybis

Paybis is a popular cryptocurrency exchange. They serve 180 countries and 48 US states and are registered with FinCEN, making them a more trusted, regulated exchange. Paybis offers incredibly high limits and super fast payouts, not to mention 5 minute ID verification and nearly perfect review scores on Trustpilot.

Pros
  • 24/7 live support
  • Extremily high limits
  • 5 Minute verification
  • Get payouts fast
  • Large selection of payment methods
Cons
  • No traditional orderbook for advanced traders
ease icon
Ease of Use
Easy
privacy icon
Privacy
Low
speed icon
Speed
Average
fees icon
Fees
Low
reputation icon
Reputation
Trusted
limits icon
Limits
High

bitcoin.co.idbitcoin.co.id

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.

Pros
  • Good liquidity
  • Many payment methods available for deposits
  • Support is available 24/7
  • Bank deposits are processed instantly
Cons
  • Not private since ID verification is required
  • Exchange can be hard to use for new Bitcoin users; it's geared towards traders
ease icon
Ease of Use
Average
privacy icon
Privacy
Low
speed icon
Speed
Average
fees icon
Fees
Low
reputation icon
Reputation
Trusted
limits icon
Limits
High

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%.

Pros
  • Our map makes it super easy to find a Bitcoin ATM near you
Cons
  • Bitcoin ATMs often have 5-10% fees per purchase

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Bitcoin & Cryptocurrency Trading in Indonesia


Indonesia has been known for cracking down on cryptocurrencies such as Bitcoin thanks to the retaliatory stance of Bank Indonesia, the country’s central bank. Bank Indonesia has been apprehensive of Bitcoin for several years now and in June 2021 announced it will prohibit the use of cryptocurrencies as a payment tool.

The Ministry of Trade for India reported that transactions for cryptocurrencies grew from 60 trillion rupiahs ($4.1 billion) in 2020 to 859 trillion rupiahs ($59.83 billion) in 2021. There is also a trend toward crypto investment when compared to traditional portfolio investors. The Vice Minister of Trade Jerry Sambuaga stated that more than 11 million Indonesians bought or sold crypto in 2021, while 7.35 million portfolio investors were reported by the Indonesian Central Securities Depository for the same period.

Recent data suggests that Bitcoin trading volumes on peer-to-peer exchange LocalBitcoins has increased big time, which means that people are still interested in the digital currency. If you are in Indonesia and want to buy Bitcoin, refer to our handy guide on Bitcoin exchanges in Indonesia.

There are quite a few options that you can tap to buy Bitcoins in the country, though you need to see which one fits your need the best depending on transaction fees, verification requirements, withdrawal limits, payment options, and security. However, some exchanges might require you to get a wallet before you can buy Bitcoin for storing the cryptocurrency.

Some people also get a wallet on their own for security reasons. In case you don’t have a Bitcoin wallet, read our guide on the Best Bitcoin & Cryptocurrency Wallets. Once you have a wallet, you can start buying Bitcoin from an exchange of your choice and store the tokens in the wallet.


COMPARISON

ledger nano x folded

Ledger Nano X

  • SCREEN:
  • RELEASED: 2019
  • PRICE: $150
ledger nano s illustration

Ledger Nano S

  • SCREEN:
  • RELEASED: 2016
  • PRICE: $59
trezor model T

TREZOR T

  • SCREEN:
  • RELEASED: 2018
  • PRICE: $320
Trezor One

TREZOR One

  • SCREEN:
  • RELEASED: 2013
  • PRICE: $119

As far as spending Bitcoin in Indonesia is concerned, there isn’t any option available given the central bank’s directive. So Bitcoin holders in Indonesia either use the currency as a means of investment or for making payments internationally.

Therefore, Indonesia isn’t a pro-Bitcoin market yet, despite recent measures to legitimize futures trading of cryptocurrencies. As long as Bank Indonesia doesn’t remove its ban on using Bitcoin as a method of payment, its adoption will remain hindered.


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Best Bitcoin Wallets for Indonesia



There are three main types of Bitcoin wallet and all of them are supported in Indonesia:

  • Software (desktop or mobile - iOS and Android wallets
  • Hardware wallet
  • Cold-storage (paper or steel wallets, the latter of which are used to backup your main wallet.

Best for Security

ledger nano x

Ledger Nano X

Secure storage for any cryptocurrency

More About
Ledger Nano X

The Ledger Nano X is the newest crypto hardware wallet, and is very easy to use. It connects to iOS, Android & desktop computers.

Temporary Wallet

zengo wallet logo

Coinbase

Best for storing crypto for short period of time

Learn More About
Coinbase

Coinbase is an easy-to-use iOS and Android crypto exchange and wallet. Start within 20 seconds.

Best for Desktop

electrum logo

Electrum

Simple yet powerful desktop wallet

More About
Electrum

Electrum is a Bitcoin-only wallet that has been around since 2011. It's easy to use, but has advanced features.


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Ethereum How to Buy Ethereum in Indonesia


Ethereum (ETH) has established itself as the second most popular digital currency, after Bitcoin. Its smart contract features allow unique apps to be built on top of its platform. Below you will find exchanges in Indonesia that allow you to buy ethereum. Once you buy, you should withdrawal your ETH directly to your own crypto wallet.

  • Exchanges in Indonesia that Support Ethereum
  • Luno
    • Supports Ethereum buying & selling
    Coins supported:
    Ethereum btc ltc
  • Coinmama
    • Supports Ethereum buying & selling
    Coins supported:
    Ethereum btc ltc
  • Paybis
    • Supports Ethereum buying & selling
    Coins supported:
    Ethereum btc ltc usdt

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Dogecoin How to Buy Dogecoin in Indonesia


Thanks to Tesla founder Elon Musk, Dogecoin (DOGE)—a coin that started as a meme about the shiba inu dog—has recently become a popular digital currency. Below you can find crypto exchanges in Canada that allow you purchase Dogecoin.

  • Exchanges in Indonesia that Support Dogecoin

About Dogecoin: Dogecoin has become one of the most famous altcoin blockchains. Dogecoin was founded by Jackson Palmer and Billy Markus on December 6, 2013. Thanks to its popularity on Robinhood, it hit an all time high of $0.42 on April 20. Doge started the year at under $0.01 USD. It is an open source blockchain, meaning its code is publicly available for anyone to see.


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Litecoin How to Buy Litecoin in Indonesia


Litecoin (LTC) is one of largest cryptocurrencies by market cap. Below you can find a list of brokerages in Indonesia that allow you to buy litecoin and other crypto assets for good exchange rates.

  • Exchanges in Indonesia that Support Litecoin
  • Luno
    • Supports Litecoin buying & selling
    Coins supported:
    Litecoin btc eth
  • Coinmama
    • Supports Litecoin buying & selling
    Coins supported:
    Litecoin btc eth
  • Paybis
    • Supports Litecoin buying & selling
    Coins supported:
    Litecoin btc eth usdt

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Exchange Hacks and Crypto Scams in Indonesia


There have been no exchange hacks in Indonesia's history with cryptocurrency. That is most likely because Indonesia is so quick to shut anyone down who is attempting to sell cryptocurrencies or faciliate their trade. If exchanges aren't allowed, there are no exchanges for anyone to hack.

Interestingly, Indonesia (along with the US, Nigeria, and Vietnam) suffers from some of the highest victim rates in the world when it comes to crypto scams. That is according to data from Harry Denley of MyCrypto of London, England.

Denley analyzed around 118,000 clicks to urls leading to known scam urls and tracked ~266 ETH.

[We] found that lots of wallet addresses were single-use addresses that funnelled funds to a larger consolidation of addresses. Some of these hold more than $100,000. In fact, 34 percent of the stolen funds analyzed went to just one address, which holds around $150,000. By analysing network data, Denley found that 14 percent of victims were in Nigeria; 11 percent in Indonesia; 9 percent percent in the US, and 8 percent in Vietnam.

harry denleyHarry Denley MyCrypto Researcher

bit.ly scams analysis


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FAQ


Does Coinbase work in Indonesia?

Coinbase ONLY allows crypto-to-crypto conversions for Indonesian residents as of September of 2020.


Where Can I Find a Bitcoin ATM in Indonesia?

Unfortunately, you cannot find any Bitcoin ATMs in Indonesia anymore. At one time, there was a Bitcoin ATM in Bali, however it has since been removed as of September 2020.

You can use our Bitcoin ATM finder tool to check back in occasionally and see if one has opened.

What is the price of Bitcoin in Indonesia?

Bitcoin prices are changing every second.

The best way to find the most up-to-date price of Bitcoin is to check out our Bitcoin price page.

How do I cash out of Bitcoin in Indonesia?

Any exchange with a Indonesian Rupiah trading pair will allow you to sell your Bitcoin for fiat currency. Luno has IDR trading pairs for many popular coins.

LocalBitcoins is another option. Here, you can buy and sell Bitcoin for a wide range of payment methods, from gift cards to bank transfers. LocalBitcoins is a peer-to-peer (P2P) exchange, where you buy and sell with another individual. This does introduce a degree of risk, though by ensuring that you conduct all business on the platform, make use of its escrow services, and only trade with users who have a good reputation, you'll minimize any potential problems.

You could also use a service like eGifter to sell your Bitcoin for gift cards.

About the Author: Jordan Tuwiner

jordan tuwiner

Jordan Tuwiner is the founder of BuyBitcoinWorldwide.com. His work has been featured in The Guardian, International Business Times, Forbes, VentureBeat, CoinDesk and many other top Bitcoin media outlets. His articles are read by millions of people each year looking for the best way to buy Bitcoin and crypto in their country.

He has also written extensively about the history, technology, and business of the crypto world. Jordan is also the creator of some of the internet's most famous Bitcoin pages, including The Quotable Satoshi and Bitcoin Obituaries.

To learn more about Jordan, see his full bio.