iNDOEX

Overview of iNDOEX

IndoEx is a cryptocurrency exchange that aims to make a mark in the digital asset trading arena, especially within the Southeast Asian market. The platform is designed to provide a seamless and secure trading experience for both novice and experienced traders.

IndoEx supports a diverse range of cryptocurrencies. It includes well-known digital assets like Bitcoin, Ethereum, and Litecoin, as well as several popular altcoins. This wide selection enables traders to diversify their portfolios according to their risk tolerance and investment strategies. The exchange also offers trading pairs with local fiat currencies in some regions, which is a significant advantage for users who prefer to trade using their domestic money.

Pros and cons

Regulatory Authority

INDOEX is not regulated by any reputable regulatory authorities. Unregulated exchanges lack oversight, raising security concerns and potential risks like hacking. Without regulatory control, they may lack robust security measures, making them susceptible to fraud.

Moreover, inadequate AML and KYC procedures can lead to misuse. Safeguarding funds in secure wallets, not on exchanges, is recommended. Vigilance against phishing and suspicious emails is key to preventing unauthorized access.

Security

INDOEX claims to protect users from fraudulent and criminal activities in the crypto assets space by implementing measures to ensure customer verification and financial transaction security.

AML/KYC Procedure: INDOEX employs an AML/KYC procedure to verify users' identities and confirm their adherence to legal standards. Users are required to provide high-quality photos of valid identification documents such as passports or driver's licenses.

Monitoring Transactions: INDOEX not only verifies users' identities but also analyzes their transactional patterns to detect suspicious activities. This data analysis serves as a tool for risk assessment and suspicion detection, aiding in compliance-related tasks, investigation management, and reporting.

Risk Assessment: INDOEX adopts a risk-based approach in line with international requirements to combat money laundering and terrorist financing. This approach ensures that preventive measures are proportionate to identified risks, allowing efficient allocation of resources. Priority is given to addressing the highest risks, aligning with global compliance standards.

Cryptocurrencies available

iNDOEX offers a range of cryptocurrencies for trading, including BTC, USDT, MATIC, ETH, BUSD, XRP, TRX. These cryptocurrencies are known for their popularity and widespread adoption in the market.

How to open an account？

The registration process of iNDOEX can be completed in six steps:

1. Visit the iNDOEX website and click on the “Sign Up” button.

2. Fill in your personal information, including your full name, email address, and password.

3. Agree to the terms and conditions and privacy policy of iNDOEX.

4. Complete the identity verification process by providing a copy of your government-issued ID and proof of address.

5. Set up two-factor authentication (2FA) for added security.

6. Verify your email address by clicking on the verification link sent to your registered email.

Once these steps are completed, you will have successfully registered an account with iNDOEX and can start trading cryptocurrencies on the platform.

Fees

iNDOEX adopts a transparent fee structure for its trading activities. The trading fees are characterized by their consistency and affordability, with no trading fee charges for deposits.

Notably, the exchange maintains a maker-taker fee model, with both maker and taker fees set at 0.15% for most of the listed cryptocurrencies. This model incentivizes users to provide liquidity (makers) while engaging in trading transactions. Additionally, the exchange offers a fee-free environment for deposits, further enhancing the convenience of funding trading accounts.

The fee structure varies slightly for fiat currencies like USD and EUR, with a maker and taker fee of 0.15%, and a deposit fee of 10% for amounts of 3 USD or 3 EUR.

Deposit & Withdrawal

The primary objective behind maker-taker fees is to promote trading activity on an exchange by offering firms an incentive to submit orders, thereby theoretically enhancing trading facilitation.

It's important to be aware of the withdrawal limits applicable to your account category:

New Accounts: For accounts recently created, there is a withdrawal limit of 2000 USD (or equivalent) during the first 24 hours after creation. This limit increases to 5000 USD (or equivalent) for the second 24 hours and 10000 USD (or equivalent) for the third 24 hours.

Basic Accounts: Basic accounts are subject to a daily withdrawal limit of 2000 USD (or equivalent).

Enhanced Accounts: Accounts with enhanced status can withdraw up to 200000 USD (or equivalent) daily, provided two-factor authentication is enabled. Verification is also required for this level of access.

FAQs

Q1: What cryptocurrencies can I trade on iNDOEX？

A1: iNDOEX offers a diverse selection of over 339 market pairs, covering a wide range of cryptocurrencies. This includes major cryptocurrencies like Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), Litecoin (LTC), and Bitcoin Cash (BCH), among others.

Q2: What are the trading fees on iNDOEX？

A2: The trading fees vary based on the cryptocurrency and the transaction type. The maker and taker fees are both set at 0.15% for most cryptocurrencies, ensuring consistency in our fee model.

Q3: Can I use algorithmic trading strategies on iNDOEX？

A3: Yes, iNDOEX supports algorithmic trading through our Application Programming Interface (API).

Q4: What deposit options are available on iNDOEX？

A4: iNDOEX provides users with a convenient selection of more than 10 deposit methods. You can deposit funds into your account using various options, including bank transfers and major cryptocurrencies.