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Trading at Indodax

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Table of Contents

Here are the steps to make it easier for you to trade on Indodax!

Registration and Verification (KYC)

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Registration and Verification (KYC) Visualization

Steps to register for those of you who don’t have an Indodax account:

  1. Open the website Indodax and click “Enter”. Fill in your personal data accordingly. Don’t forget to enter your phone number that has never been registered with Indodax
  2. Use password consisting of uppercase letters, numbers, and symbols. Then, “Click to verify”. After that, click “Continue Registration”.
  3. Next, check your email used when registering the account to verify. Click the link in the email and login using the registered email.
  4. The link will lead you to the Indodax page with your profile at the top left of the menu, it means you have successfully created an Indodax account.

Verification steps (KYC) if you already have an Indodax account:

  1. After logging into your Indodax account. Go to the Menu. 
  2. Click Profil & Setting. 
  3. Then, “Click here to verify”. In this section you need to prepare your ID card/KTP. Because data verification requires an ID card, we recommend that  Indodax account holder is 18 years and over. If you are not 18 years old, change your name to the name of your parent/guardian, and attach your parent/guardian’s ID card along with the Family Card.

Google Authenticator

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Google Authenticator Visualization

Google Authenticator is a free security application that can protect your account from password theft. The app is easy to operate and can protect its user accounts with two-factor authentication (2FA).

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Activation Google Authenticator Visualization

How to activate Google Authenticator on an Indodax account with a different device:

  1. Log in to your Indodax account. Then, click “Google Authenticator”. Before activating Google Authenticator on your account, make sure you’ve downloaded the Google Authenticator app on the App Store or Play Store.
  2. After the application is installed, you can scan the QR Code that has appeared on the Indodax Google Authenticator page, using the Google Authenticator application on your cellphone.
  3. After that, enter the PIN that appears on the cellphone in the PIN column below the QR Code image. Then, click “Save”.

How to activate Google Authenticator on an Indodax account with the same device:

  1. If you use the same device for the Google Authenticator and Indodax applications, you can use the Setup Key, where you only need to copy and paste the characters under the barcode in the Google Authenticator menu.
  2. Enter the code in the Google Authenticator application then click “Save”.

From now on you will be asked to enter a code from Google Authenticator every time you login to your Indodax account. Indodax will also ask for a PIN every time you withdraw crypto assets or Rupiah to tighten account security. So make sure you provide the PIN only to Indodax!

By doing this step, you can get layered security without going through customer support. In addition, you can also check the device that is logged in to your Indodax account through this security page. There is also a change password feature which is made easier.

Deposit and Rupiah Withdrawal 

Before you can buy crypto assets on Indodax, you must make a deposit first.

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Deposit and Rupiah Withdraw Visualization

Deposit at Indodax via bank transfer with Virtual Account:

  1. If you are already on the Indodax home page, you can click the Wallet menu. Then, select IDR/Rupiah. Then, you can click “Deposit/Withdraw”.
  2. After that, there are some provisions that you must read. If you have read and understood, please click “I understand, continue deposit”.
  3. The Deposit Rupiah page will appear. In this section, enter the deposit amount you want. Then, under Source of Funds, select Bank Transfer (Virtual Account). Then, click “Continue”.
  4. After that, copy the bank account number. Don’t forget to make sure the intended account is in your name and the Virtual Account generated is correct!
  5. After completing the transfer through the selected bank, please confirm by filling in the data correctly and include proof of your transfer.

Deposit at Indodax via bank transfer with e-Wallet: 

  1. If you are already on the Indodax home page, click the Wallet menu. Then, select IDR/Rupiah. Then, you can click “Deposit/Withdraw”.
  2. After that, there are some provisions that must be read. If you have read and understood, please click “I understand, continue deposit”.
  3. After entering the deposit amount in the Source of Funds section, select Electronic Money. Then, click “Continue”.
  4. Make sure your mobile number has been registered with the E-Wallet and has sufficient balance. Indodax will send a payment notification to your E-Wallet account with a deposit amount after you click “Pay”.
  5. Indodax will deduct one point five percent from the deposit amount for service fees. You will receive a Rupiah deposit equal to the deposit amount minus the service fee. The process will be canceled automatically if the payment is not received within thirty seconds.

Buy and Sell Crypto Asset

You already have a balance in your Indodax wallet? This means that you can immediately sell and buy crypto assets!

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Buy and Sell Crypto Asset Visualization

If you want to buy crypto assets like Bitcoin, you can follow the steps below:

  1. Login to your Indodax account and go to the Marketplace section.
  2. Then, select one of the crypto assets you want. Once selected, the Buy Bitcoin or Sell Bitcoin section will appear according to the crypto asset you selected.
  3. Since you want to buy crypto assets, all you have to do is go to the Buy Bitcoin section. For Order Type, you can select Market/Instant to buy crypto assets directly and quickly or select Limit to buy crypto assets when the price of the crypto asset touches the price you input in the Limit method.
  4. Then, enter the amount you want to buy. You can also see the estimated crypto assets that you will get later in the Estimation section by clicking Calculate.
  5. If everything is correct, you can click Buy Bitcoin. Then, a purchase confirmation will appear and you can click Place Order.
  6. Next, a confirmation of your crypto asset purchase will appear, which means that your crypto asset purchase has been successful. Congrats now you own a crypto asset!

Next, if you want to sell crypto assets, like Bitcoin. The steps are as follow:

  1. Login to your Indodax account and go to the Marketplace section.
  2. Then, select one of the crypto assets you want. Once selected, the Buy Bitcoin or Sell Bitcoin section will appear according to the crypto asset of your choice.
  3. Since you want to sell crypto assets, all you have to do is go to the Sell Bitcoin section. For Order Type, you can select Market/Instant to sell crypto assets directly and quickly or select Limit to sell crypto assets when the price of the crypto asset touches the price you input in the Limit method.
  4. After that, enter the amount you want to sell. You can also see the estimated rupiah that you will get later in the Estimation section by clicking Calculate.
  5. If everything is set, you can click Sell Bitcoin. Then, a sales confirmation will appear.
  6. Next, a confirmation of your crypto asset sale will appear, which means that your crypto asset sale has been successful.

 Deposit and Withdraw Crypto Asset

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Deposit and Withdraw Crypto Asset Visualization

  1. To deposit Bitcoin to your Indodax account, you need to log in to your Indodax account. Then, click the Wallet menu and select Bitcoin. Then, you will get a Bitcoin address that is created especially for you and can be used over and over again. Example of Bitcoin address: 1Gxfy6MBiFHJjssjmJ14QSA9SUPDxvr8JD. Send the Bitcoin you want to deposit to that address by copying and pasting the Bitcoin address that shows up or you can scan the QR Code on the right to make it easier to deposit Bitcoin from your smartphone/tablet. Wait ten to thirty minutes for Bitcoin to appear automatically in your Indodax account balance. Bitcoin deposits are free of charge.
  2. To transfer your Bitcoin balance to your personal wallet, you need to login to your Indodax account. Then, click Deposit/Withdraw Bitcoin on the Wallet menu and follow the instructions that show up. Enter the amount of Bitcoin you want to transfer to your Bitcoin wallet. Indodax charges a flat fee of zero point zero zero zero five Bitcoins for any number of Bitcoins withdrawn. Then, enter your Bitcoin address, and enter your Google Authenticator pin or SMS pin. Click Send. Check your email, then click the confirmation link that Indodax sent to your email. Bitcoin will go into the wallet within one to sixty minutes.
  3. There are some crypto assets whose wallet addresses are not unique or exactly the same for all owners, the only difference is the unique code (Memo) on the exchange, in this case, Indodax uses several networks. Namely, BEP20 or ERC20 network, Stellar network, Ripple network and several others, here is how to send your crypto asset balance using memo. After you login on the Indodax website, select the targeted crypto asset. For example, BNB deposits. Then, in the Receive BNB section, use the BEP20 network, click Copy of your wallet address as well as the Memo that show up. Then, paste it in the exchange or wallet you want to use. Remember, you are required to enter a Memo when making a transfer. The deposit will be confirmed on the Blockchain system after twenty minutes. Deposit fees vary depending on the network. Sending tokens other than BNB to the above address will cause your funds to be stuck in an escrow account.
  4. If you want to deposit crypto assets according to the network used, you need to log into your Indodax account, then select the token you want to deposit. After choosing the network, click Deposit/Withdraw. Next, you can open any wallet application that you use, such as Metamask, Trustwallet, and others. Then, send the crypto assets from it to the copied wallet address. You just have to wait for the transaction to be confirmed and your crypto assets have been sent to the Indodax address.

Affiliates and Referrals

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Affiliates and Referrals Visualization

We have an affiliate program that you can access. Refer Indodax to your friends and ask them to sign up using your affiliate link. You will earn 10% commission on your referral’s trading fee for an indefinite period of time.

Here is an example of how to calculate your referral bonus: You invite your friend A to register with Indodax using your affiliate link. A is interested in trading Bitcoin on Indodax, and A agrees to buy Bitcoin worth 500 million Rupiah. Since the 10% commission fee comes from our trading fee which is 0.3% of the total transaction, you will get 10% of the commission we earn (i.e. 0.3% x 500,000,000 IDR = 1,500,000 IDR). So 10% of IDR 1,500,000 is IDR 150,000 and that’s what you get for the commission fee.

All commissions are based on the Indodax spot exchange price. Your passive income will be added to your Indodax balance automatically.

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