Indodax review: score, licensing and risks
72/100SCORE · BMixed record
Grade B, very good
Indonesia's largest and longest running exchange, locally licensed, which covered a 2024 hot wallet breach itself and resumed trading.
The facts
- FOUNDED
- 2014
- HEADQUARTERS
- Indonesia
- CUSTODY
- Custodial.
- MiCA / EEA
- Not authorised across the EEA.
- US ACCESS
- No.
- PROOF OF RESERVES
- No standard proof of reserves publication.
- FEES
- Typical for a venue of its size. Confirm current pricing on its own site.
- ASSETS
- Varies
How the score breaks down
Each dimension is explained on the methodology page.
Where it is strong and where it is not
✓ Strengths
- Established venue in Indonesia
- Local IDR deposit and withdrawal rails
✗ Weaknesses
- Indonesia focused, so limited use elsewhere
- Less independent scrutiny than the global majors
- Smaller asset list and thinner liquidity
Incident history
2024
Around 22 million dollars was drained from hot wallets. Indodax suspended services, covered the loss and resumed.
Our read
Indonesia's largest and longest running exchange, locally licensed, which covered a 2024 hot wallet breach itself and resumed trading.
COMPARE
RISK WARNING
Crypto assets are highly volatile and largely unregulated. You can lose everything you put in.
Nothing on this page is financial, investment or tax advice, and nothing here is a recommendation
to buy or sell any asset. Do your own research and never commit money you cannot afford to lose.