Centralized Exchanges · Review
ActiveIndodax Review 2026: OJK-Supervised Indonesian Exchange
Indodax is a Jakarta-based centralized crypto exchange operating since 2014 and states it is licensed and supervised by Indonesia's OJK. It suits Indonesian users who want a local rupiah-focused exchange, but fees are not published publicly reviewed.
By the DappsAtlas editorial team · Updated
DappsAtlas score
7.0/10
Good
Our verdict on Indodax
7.0/10Indodax is a long-running Indonesian exchange that says it is OJK-licensed and lists 500+ coins, which makes it a practical option for local users who want a rupiah-focused venue. Its main strengths are its age, local presence and broad listings. The main caveat is that fees and audit or reserve details are not public reviewed, and funds sit in custody, so check costs and keep only what you can afford to risk.
Score breakdown
How Indodax scores
- Security
- 6.5/10
- Ease of use
- 7.5/10
- Fees
- n/a
- Features
- n/a
Scores run from 0 to 10 and are based only on facts we could verify. Where information was missing we mark the score n/a rather than guess.
What is Indodax?
Indodax is a centralized cryptocurrency exchange established in 2014 and registered in Indonesia. Its homepage calls it the first in Indonesia and says it serves more than 10 million members. These are the exchange's own claims.
The platform lets users buy and sell Bitcoin, Ethereum, Dogecoin, USDT and other assets, and it advertises more than 500 listed coins. It also offers an OTC section, an Academy, an API, and mobile apps for iOS and Android.
The homepage states that Indodax is licensed and supervised by the Otoritas Jasa Keuangan (OJK). DefiLlama tracks about 500 million USD in assets on the exchange across 17 chains, with a 7-day change of -0.7%. DefiLlama lists no token and no audits for it.
How Indodax works
Indodax is a centralized exchange. Users create an account, deposit funds, and place buy or sell orders on markets for coins such as Bitcoin, Ethereum and USDT. The exchange matches orders on its own systems and holds the assets in its custody until a user withdraws them.
Because trades happen on the exchange's internal ledger rather than on a blockchain, they are fast, but users depend on the operator for custody. The DefiLlama figure of about 500 million USD in TVL reflects assets the exchange holds across chains such as Bitcoin, Ethereum, Solana, BNB Chain and Tron.
The site also offers an OTC section, an Academy for education, and an API. The homepage states the exchange is supervised by OJK.
7 features
Key features
01
Spot crypto trading
The site presents itself as a platform for buying and selling Bitcoin, Ethereum, Dogecoin, USDT and other crypto assets.
02
500+ listed coins
The homepage claims more than 500 listed crypto assets. This figure comes from the exchange.
03
OTC desk
The navigation includes an OTC section for trades outside the main order book. Details are not given publicly.
04
Indodax Academy
An Academy section offers learning material for newer users.
05
Mobile apps and languages
Apps are offered on the App Store and Google Play, and the site is available in Indonesian and English.
06
API access
The footer links to an API for developers and traders who want to connect their own tools.
07
Local regulation and offices
The exchange states it is licensed and supervised by OJK and lists physical offices in Jakarta and Bali.
Pros and cons
What we like
- Operating since 2014, which is a long track record for a crypto exchange
- States it is licensed and supervised by Indonesia's OJK
- Broad listing claim of 500+ coins, including major assets like BTC, ETH and USDT
- Holds around 500 million USD in tracked assets across 17 chains per DefiLlama
- Offers apps, an API, an OTC section and an educational Academy
- Physical offices in Jakarta and Bali, with a published phone contact
Watch out for
- Fee schedule is not public, so trading and withdrawal costs cannot be compared from this research
- Centralized custody means users rely on the exchange to hold and return funds
- DefiLlama lists no audits, and no proof-of-reserves details appear
- Homepage and interface are aimed at Indonesian users, with a language toggle but a local focus
- The platform carries its own disclaimer that crypto is volatile and that no party guarantees against losses
- The 500+ coin claim comes from the exchange itself and is not independently verified here
Indodax fees
Indodax's trading, deposit and withdrawal fees are not public reviewed, so none are quoted here. Users would see the current fee schedule on the exchange's website and app, and should compare it with other exchanges before trading.
As with most centralized exchanges, costs usually include a trading fee per order, plus network fees on crypto withdrawals and possibly charges on rupiah transfers. Whether Indodax applies each of these is not confirmed from public sources.
Is Indodax safe?
Indodax is a custodial exchange, so users trust the operator with their funds. DefiLlama lists no audits, and the project does not mention proof of reserves, insurance or any security incidents either way. Users should look for current information on these points themselves.
On regulation, the homepage states that Indodax is licensed and supervised by OJK and is registered and certified by other bodies, which are not named publicly. The site's own disclaimer warns that crypto is volatile, carries high risk of loss, and that no profits are guaranteed. Use only idle funds and diversify.
6 steps
How to get started with Indodax
- 1
Confirm that using a licensed Indonesian exchange is appropriate for your situation and that you meet the age and residency requirements.
- 2
Open the Indodax website or download the app from the App Store or Google Play.
- 3
Register an account and complete any identity verification the platform requires.
- 4
Review the fee schedule and available markets before depositing.
- 5
Deposit funds and start with a small first trade to learn the order flow.
- 6
Turn on available account security options and consider withdrawing long-term holdings to a wallet you control.
Who Indodax is for
Indodax suits Indonesian residents who want a locally registered exchange with an Indonesian-language interface, a wide coin selection and an OTC option. It is less suited to people who want self-custody, or who need clear published fee and reserve data before they commit.
Indodax FAQs
What is Indodax?
Indodax is a centralized cryptocurrency exchange established in 2014 and registered in Indonesia. Its homepage describes it as a platform for buying and selling Bitcoin and other crypto assets, with offices in Jakarta and Bali.
Is Indodax regulated?
The homepage states that Indodax is licensed and supervised by the Otoritas Jasa Keuangan (OJK), Indonesia's financial services authority. Public sources reviewed do not give licence numbers, so readers should confirm the status with the regulator.
How many coins and users does Indodax have?
The homepage lists more than 500 listed coins and says the platform has over 10 million members in Indonesia. These are figures from the exchange itself, not independently verified here.
What are Indodax fees?
The project does not include a fee schedule. Trading and withdrawal fees would be shown on the exchange's own site and app, so check them before depositing.
Is Indodax safe to use?
Indodax is a centralized exchange, so it holds user funds in custody. Public sources list no audits, and the site warns that crypto is volatile and carries high risk of loss. Keep only what you are willing to risk on any exchange.
Does Indodax offer OTC trading?
The navigation shows an OTC section, which suggests a service for larger trades. Public sources give no details on minimums or pricing.
Compare
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How we checked
Sources
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