IndoEx Crypto Exchange Review 2023 : Pros & Cons

What Is Crypto Exchange ?

A cryptocurrency exchange, sometimes known as a crypto exchange, is a website where users can purchase, sell, and trade different cryptocurrencies. It functions as an online exchange market where users may buy and sell cryptocurrencies for fiat money like the US dollar, euro, or other conventional currencies.

Different trading pairings, or the combinations of cryptocurrencies that can be exchanged against one another, are available on cryptocurrency exchanges. One popular trade pair is Bitcoin (BTC) to Ethereum (ETH).

Users can submit a variety of orders, including market orders (executed at the price of the day) and limit orders (performed at a certain price or better). Reputable exchanges secure user funds and data with effective security procedures. This includes cold storage of funds (keeping the majority of the funds offline), two-factor authentication (2FA), and encryption.

What Is IndoEx Crypto Exchange ?

Launched on 16 Jan 2019, IndoEx is a decentralized exchange headquartered in Estonia and the UK. It supports EUR/USD fiat pairs. It aims to be the safest fastest digital asset exchange designed to serve experienced traders, professionals, and institutions

IndoEx Crypto Exchange Quick Facts

How To Register At IndoEx Exchange ?

To register on IndoEx , click Register Now button at the top of the page. You can also start creating an account directly through the form on the main page.

You only need to enter your e-mail and come up with a password. If there is a referral code, it is also entered at this stage. Password requirements: at least 8 characters, numbers, upper and lower case.

Click ” Create Account ” then go to your email to verify it. Enter the code you received and registration is complete. You can start replenishing your account.

IndoEx Exchange Supported Countries

IndoEx Exchange is a cryptocurrency exchange that supports users from various countries around the world. However, the availability of services may vary depending on the location of the user.

Exceptions are the US, China, Japan and countries in the Middle East. Syria and North Korea are also countries whose nationals cannot trade on IndoEx .

How To Verify Your IndoEx Cryptocurrency Account ?

There is no mandatory verification at IndoEx , but you can pass it if you wish. At the moment, the only restriction imposed on unverified users is the withdrawal limit of Free. In the future, depending on the actions of regulatory authorities, conditions may change.

For verification, you can use one of four documents to choose from: passport, driver’s license, identity card or residence permit. Artificial intelligence is used to evaluate the authenticity of documents. This service is provided by the Onfido online identification service, already used by the IndoEx , Revolut platforms.

How To Buy Crypto Or Deposit Crypto At IndoEx Crypto Exchange?

There are two main options for topping up your balance on IndoEx . Firstly, you can buy cryptocurrency with a bank card – it’s fast and convenient. Go to the ” Buy crypto ” -> ” Buy crypto with a credit card ” section.

Choose a cryptocurrency (currently there are 13 coins available for purchase in this way). Enter the amount and select the fiat currency to be used for payment.

After that, you will need to select a payment channel: each of them has conditions. You can choose between Simplex, Mercuryo, Banxa and Moonpay. Click ” Buy ” next to the appropriate option.

Agree to the terms and confirm the transition to the site of the payment provider. Enter information about the card and its owner, confirm the transaction. Cryptocurrency will be credited to the exchange account within a few minutes.

Second Method

You can transfer digital assets to the balance of the exchange from any external crypto wallet. For this:

• Go to the “Deposit” section from the “Assets” menu.

• From the drop-down list, you can select the cryptocurrency you want to deposit into your account.
• The wallet address will appear. You need to copy it and send funds to it from another wallet or exchange. Please note that only bitcoin can be sent to bitcoin addresses, similarly with other coins.
• You can also click “Show QR code” – for transfers from a mobile wallet, this is a more convenient option.

How To Withdraw Crypto Asset From IndoEx Exchange ?

Having completed all the necessary trading operations, it’s time to withdraw the received assets to an external wallet. Go to ” Assets ” -> ” Withdraw “. Please note that the operation is only available after enabling two-factor authentication in the settings. This is for added security and requires less than a minute, so don’t neglect this measure.

Select a cryptocurrency and enter the withdrawal amount. Each coin has its own withdrawal fee, for example, for BTC it is 0.00057 BTC. Click ” Output “. By default, the exchange processes applications three times a day, however, hourly withdrawals are available for Premium users. Also, the time of receipt of the cryptocurrency is affected by the workload of the blockchain network.

How To Secure Your IndoEx Account ?

There are several steps you can take to help secure your IndoEx account and protect your funds:

1. Use a Strong and Unique Password: Create a complex password that combines a variety of capital and lower case letters, digits, and special characters. Do not include words or information that can be easily guessed, such as birthdays. Additionally, make sure you don’t use the same password on many platforms.
2. Enable Two-Factor Authentication (2FA): Two-factor authentication is probably offered by IndoEx as an additional security measure. Enable two-factor authentication (2FA), which often entails obtaining a one-time code through email or mobile device that you must enter along with your password to log in.
3. Avoid Phishing Scams: Be wary of emails, chats, and websites that ask for your login information by trickery. Verify the website address once more, and only sign in via the official IndoEx website or app.
4. Keep Your Devices Secure : Install current antivirus software on your devices to safeguard against malware and other dangers. This will help you keep your gadgets secure. Keep the most recent security updates installed on your operating system, web browsers, and other software.
5. Use a Secure Network: To access your IndoEx account, stay away from unprotected or public Wi-Fi networks. Data interception may be possible over open networks. Instead, log into your account using a private, secure network.
6. Be Wary of Emails and Links: Avoid clicking on links or downloading files from unidentified sources, particularly if they ask for account information or personal information. Keep an eye out for emails pertaining to your IndoEx account.
7. By taking these steps, you can help protect your IndoEx account and reduce the risk of unauthorized access to your funds.

Fees taken when buying virtual currency

IndoEx Trading fees

Every time you place an order, the exchange charges you a trading fee. The trading fee is normally a percentage of the value of the trade order. At this exchange, they divide between takers and makers. Takers are the one who “take” an existing order from the order book.

IndoEx does not distinguish between takers and makers, but charge them both 0.15%. These fees are quite in line, or even slightly below, the global industry averages. 

IndoEx Withdrawal fees

For each Bitcoin withdrawal, IndoEx levies a fee of 0.0008 BTC. This fee is a little bit higher than the norm for the industry globally. Currently, the industry average for withdrawals of Bitcoin is about 0.0006 BTC. The difference between IndoEx’s withdrawal charge and the industry average on the date this review was last updated (7 August 2020) was only USD 2.36, so maybe it doesn’t matter to you anyhow.

Deposit Methods

With IndoEx, you can add assets to the exchange in a variety of methods, including through wire transfer, debit card, and of course, by simply adding your current bitcoin holdings.

IndoEx qualifies as a “entry-level exchange” since it allows deposits in fiat currency, making it a place where new cryptocurrency investors can begin their adventure into the fascinating world of cryptocurrencies.

How To Contact IndoEx Customer Support Team?

If you need help with your IndoEx account or have any questions, you can contact IndoEx customer support through the following methods:

Website Contact Page : Visit the official website of IndoEx and seek for the “Contact” or “Support” page. For questions about customer service, many businesses offer contact forms or email addresses.

Email: Check if they have a specific email address for customer support. It is frequently outlined on their contact page or in the “Help” section of their website.

Live Chat: A few systems provide live chat customer service. If there is a chat widget on the website, look for it and use it to start a conversation with a customer service agent.

Social media: IndoEx might have active profiles on Facebook, Twitter, LinkedIn, and other sites. Attempt contacting their support staff using direct messaging or open postings.

No matter which method you choose, be sure to provide as much detail as possible about your issue or question so that IndoEx customer support can assist you efficiently.

Features Of IndoEx Crypto Exchange

Reasonable Commissions

Profitable investment opportunities and conditions

Secure Wallets

Keep your digital assets in user wallets

Algorithmic Trading

API for crossplatform trading robots

Payment Options

More than 10 ways to deposit to an account

24/7 Support

Instant, friendly and always ready to help

Operating Speed

Maximum processing speed of your transactions

Multi-currency transactions

Support multi-currency transactions our platform selected high-qualitycoins carefully

IndoEx Good Or Bad Points

IndoEx is a cryptocurrency exchange that allows users to buy and sell various cryptocurrencies. Here are some potential good and bad points of using IndoEx :

Good points:

1. User-friendly Interface : IndoEx may offer an intuitive user interface that makes it simple for new users to get around the system and begin trading cryptocurrency.
2. Range of Cryptocurrencies: It’s likely that customers of IndoEx will have access to a wide range of digital assets thanks to IndoEx’s support for a large number of different cryptocurrencies.
3. Security Measures: Reputable exchanges often put strong security measures in place to safeguard user funds and private data.
4. Customer service: To assist users in resolving any issues or worries they may have, a good exchange typically provides rapid and dependable customer service.
5. Trading pairings: IndoEx might provide a large selection of trading pairings that let customers easily trade different cryptocurrencies against one another.

Bad points:

1. Lack of Regulation: Some cryptocurrency exchanges, particularly those operating in specific nations, may not be properly regulated, putting users at risk.
2. Security worries: Since unregulated exchanges may use less strict security measures, there is a chance that there will be flaws and potential hacking problems.
3. Customer Complaints: Keep an eye out for any recurring complaints from platform users regarding withdrawal delays, problems with customer service, or other issues.
4. Limited Features: Some cutting-edge features and tools that are available on more reputable and significant exchanges may not be present on IndoEx.

Is IndoEx Is Safe Platform To Trade ?

IndoEx is safe, it is advised to do extensive research on the platform’s standing, user opinions, security measures, regulatory compliance, and any recent occurrences or problems that have been brought to the attention of users or authorities. Look for information from dependable sources and take other traders’ perspectives and experiences into account.

Additionally, make sure the platform has security features like two-factor authentication, encryption, and withdrawal verification protocols in place and conforms with all applicable laws.

IndoEx Conclusion

IndoEx is a trustworthy and user-friendly cryptocurrency exchange that offers investors and traders a number of services. It is a desirable alternative for anyone wishing to purchase, sell, or keep cryptocurrencies due to its minimal trading costs, staking possibilities, and security features. Users have additional options to earn incentives and make connections with like-minded people thanks to its affiliate program and community involvement. Whether you’re an expert trader or a beginner, offers the resources and tools you need to thrive in the world of cryptocurrency trading.