Are there fixed fees, transaction fees, or other fees?
Is the website safe and your information secure? Have there been previous breaches in security?
How many coins are available to trade?
|Ease of Use?
How good is the overall experience? Is it easy to buy/sell tokens, view funds, and see market movements?
Bitcoin.Co.Id has a pretty solid understanding of security measures when it comes to crypto exchanges. They offer their own cryptocurrency wallet, which can be used to store alt-coins or to send them elsewhere. They boast a spotless reputation when it comes to hacks or any funny business.
Bitcoin.Co.Id trading fees are in the average when compared to the industry, coming in at 0.3% trading fees. There are, of course, exchanges that charge 0% fees, but you get what you pay for… or don’t pay for in those cases because they either offer really bad prices when it comes to the assets, or charge absorbent transfer fees. The previously mentioned 0.3% fee for Bitcoin.Co.Id is for trading between cryptocurrencies and fiat currency. For trading between alt-coins, there is no fee.
Bitcoin.Co.Id only offers a total of 9 coins on its site, 2 of which being BTC and ETH. They really do not have a wide selection of alt coins, and the few that they do have are not very popular. But then again, this is one of the few options for purchasing crypto in Indonesia.
EASE OF USE
Bitcoin.Co.Id has a really simple yet effective platform. They definitely dialed back the capabilities, so it is more for the beginner. Although it doesn’t have the usual features of a fully-fledged trading platform, it still gets the job done every day. It has over 500,000 daily users, so it must be doing something right.
For being the top exchange by far in Indonesia, Bitcoin.Co.Id is doing a pretty good job all around. They are right above the general average. It seems they are mainly targeting Indonesian users since the only fiat their exchange accepts is Rupiah. It is nice to see that Bitcoin.Co.ID is offering more than just Bitcoin. Also, like we stated earlier, the fiat-cryptocurrency trading fee is in the average for the industry and the company does not charge commissions for trading between altcoins which is a really big incentive.