Buy Bitcoin & Crypto in Indonesia

We may receive advertising compensation when you click certain products. 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 & cryptocurrency wallets.

  • Popular Exchanges to Buy Bitcoin & Crypto in Indonesia
  • eToro
    • Supports Bitcoin, Ethereum & 15 other coins
    • Start trading fast; high limits
    • Your capital is at risk.

    This ad promotes virtual cryptocurrency investing within the EU (by eToro Europe Ltd. and eToro UK Ltd.) & USA (by eToro USA LLC); which is highly volatile, unregulated in most EU countries, no EU protections & not supervised by the EU regulatory framework. Investments are subject to market risk, including the loss of principal.

  • Luno
    • Special support for Nigeria, Malaysia, Singapore, South Africa, Indonesia
    • Bank transfer supported
    • Trusted exchange

LunoLuno Buy Bitcoin Read Review

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.

We may receive compensation when you use Luno. Please visit Luno for its exact pricing terms.

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
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Ease of Use
Easy
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Privacy
Low
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Speed
Fast
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Fees
Low
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Reputation
Trusted
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Limits
High
Buy Bitcoin Read Review

CoinmamaCoinmama Buy Bitcoin Read Review

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.

Want to buy using Coinmama? This step-by-step guide will show you how to use Coinmama.

We may receive compensation when you use Coinmama. Please visit Coinmama for its exact pricing terms.

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
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Ease of Use
Easy
privacy icon
Privacy
Low
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Speed
Fast
fees icon
Fees
Average
reputation icon
Reputation
Trusted
limits icon
Limits
High
Buy Bitcoin Read Review

eToroeToro Buy Bitcoin Read Review

eToro is a trading platform and crypto exchange. It supports Bitcoin, Ethereum, Litecoin, Zcash and many other coins.

Deposits can be made quickly via bank transfer, SEPA, NETELLER, PayPal and more. It also offers unique features like copy trading.

This ad promotes virtual cryptocurrency investing within the EU (by eToro Europe Ltd. and eToro UK Ltd.) & USA (by eToro USA LLC); which is highly volatile, unregulated in most EU countries, no EU protections & not supervised by the EU regulatory framework. Investments are subject to market risk, including the loss of principal.

We may receive compensation when you use eToro. Please visit eToro for its exact pricing terms.

Pros
  • Offers unique copy trading feature
  • Trusted echange that has been active in traditional finance
  • Interface is clean and easy to use
Cons
  • You cannot deposit cryptocurrency, but you can deposit with other payment methods
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Ease of Use
Easy
privacy icon
Privacy
Low
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Speed
Average
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Fees
Low
reputation icon
Reputation
Trusted
limits icon
Limits
High
Buy Bitcoin Read Review

KrakenKraken Buy Bitcoin Read Review

Founded mid-2011, Kraken is the one of the world's largest cryptocurrency exchanges, and the largest in Europe based on daily average trading volume. It is available in almost all countries. Deposits can be made via bank wire, SEPA, ACH and SWIFT.

Pros
  • Very low 0.25% taker fee, falling to 0.1% with sufficient trading volume
  • Very low maker fee, falling to 0% with sufficient trading volume
  • Highly-rated for security and data protection
Cons
  • Requires ID verification, so not private
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Ease of Use
Hard
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Privacy
Low
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Speed
Average
fees icon
Fees
Low
reputation icon
Reputation
Trusted
limits icon
Limits
High
Buy Bitcoin Read Review

LocalBitcoinsLocalBitcoins Buy Bitcoin Read Review

LocalBitcoins is an escrow service which also helps to match bitcoin buyers and sellers. 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, including the United States, Europe (besides Germany), UK, Singapore, Canada, Australia and many more.

We may receive compensation when you use LocalBitcoins. Please visit LocalBitcoins for its exact pricing terms.

Pros
  • Can be private, fast and easy
  • In-person trades require no personal information
  • Purchases of bitcoin can be made quickly via cash deposit
Cons
  • Beware of scams; always follow the rules!
  • Harder to buy large amounts of bitcoins compared to large exchanges
  • Slightly to significantly higher prices than regular exchanges; premium for higher privacy
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Ease of Use
Hard
privacy icon
Privacy
High
speed icon
Speed
Fast
fees icon
Fees
Low
reputation icon
Reputation
Trusted
limits icon
Limits
Average
Buy Bitcoin Read Review

bitcoin.co.idbitcoin.co.id Buy Bitcoin

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
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Ease of Use
Average
privacy icon
Privacy
Low
speed icon
Speed
Average
fees icon
Fees
Low
reputation icon
Reputation
Trusted
limits icon
Limits
High
Buy Bitcoin

Bitcoin ATMsBitcoin ATMs Buy Bitcoin

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
Buy Bitcoin

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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, but that hasn’t discouraged adoption of the cryptocurrency in the country.

A report suggests that the number of Bitcoin users in Indonesia shot up more than three-fold from 80,000 to 250,000 in 2017, clocking daily transaction volumes of $1.48 million. That’s despite the fact that Bank Indonesia has banned Bitcoin as a means of payment in the country, and it doesn’t plan to lift the ban either despite a recent regulation that could give cryptocurrencies some sort of legitimacy in the country.

However, 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.


Trading volume in Indonesia - courtesy coin.dance

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: $119
ledger nano s illustration

Ledger Nano S

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

TREZOR T

  • SCREEN:
  • RELEASED: 2018
  • PRICE: $159
Trezor One

TREZOR One

  • SCREEN:
  • RELEASED: 2013
  • PRICE: $59

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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Top Bitcoin & Cryptocurrency Exchanges in Indonesia


Indonesia has access to many large Bitcoin and cryptocurrency exchanges.

Have a look at our favorites below:

  • Popular Exchanges to Buy Bitcoin & Crypto in Indonesia
  • eToro
    • Supports Bitcoin, Ethereum & 15 other coins
    • Start trading fast; high limits
    • Your capital is at risk.

    This ad promotes virtual cryptocurrency investing within the EU (by eToro Europe Ltd. and eToro UK Ltd.) & USA (by eToro USA LLC); which is highly volatile, unregulated in most EU countries, no EU protections & not supervised by the EU regulatory framework. Investments are subject to market risk, including the loss of principal.

  • Luno
    • Special support for Nigeria, Malaysia, Singapore, South Africa, Indonesia
    • Bank transfer supported
    • Trusted exchange

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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:

Best for Security

ledger nano x

Ledger Nano X

Secure storage for any cryptocurrency

Visit Website

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

atomic wallet logo

Atomic Wallet

Best for storing crypto for short period of time

Learn More

Atomic wallet is a multicurrency mobile wallet with a beautiful interface and easy to use features.

Best for Desktop

electrum logo

Electrum

Simple yet powerful desktop wallet

Learn More

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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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



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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.


bitcoin atm map

What is the price of Bitcoin in Indonesia?

The current price of Bitcoin in Indonesia is IDR156,577,866, however this amount changes every minute, so always check the value on your local exchange.


bitcoin price ticker

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.

Local Bitcoins is another option. Here, you can buy and sell Bitcoin for a wide range of payment methods, from gift cards to bank transfers. Local Bitcoins 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.


localbitcoins offers

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