IndoEx is a cryptocurrency trading platform established in 2019. The exchange is accessible in 150 countries and supports over 400 tokens and nearly 300 trading pairs in the market. So, what is IndoEx exchange? ? How to use the IndoEx? Let’s go find out with Betomon.
What Is IndoEx?
IndoEx is not a typical cryptocurrency exchange, it’s a platform developed by professional digital asset traders. Founded in 2019, IndoEx has established a reputation for itself in the altcoin trading market owing to it reasonable commissions, secure wallets, high trading volume, and fast transactions.
Besides, the exchange located in the UK and Estonia, offers nearly 300 market pairs, available in 150 countries, and supports a variety of cryptocurrencies including the most well-known like Bitcoin, Ethereum, Litecoin, Tether, and Ripple.
IndoEx distinguishes itself by offering consumers profitable investment options and a safe place to keep their digital assets since it supports multicurrency transactions and high-quality coins selected making it attractive for any trader looking to diversify their portfolio.
In addition, IndoEx provides API for cross-platform trading robots to help its users maximize their efficiency through algorithmic trading. Furthermore, there are more than ten payment options available thus customers can quickly make a deposit into their accounts and start trading.
The platform also supports prominent trading features with a range of user-friendly activities such as airdrop welfare and gift-winning invitations. It provides 24/7 customer service proving its dedication to customer satisfaction is unparalleled.
Although it may be confusing for new users, the exchange’s intuitive design makes it easy to use with many tools and charts to help users make informed trading decisions. Furthermore, the platform supports iOS and Android mobile apps allowing users to trade while on the road.
Nonetheless, one of the most significant advantages of the exchange is the low transaction costs. Taker/maker costs of 0.15% let users trade with confidence due to knowing they are obtaining the best price available. For more details, let’s get started with our review.
IndoEx Highlights
- IndoEx is a cryptocurrency trading platform established in 2019.
- The exchange is accessible in 150 countries and supports over 400 tokens and nearly 300 trading pairs in the market.
- IndoEx offers an initiative interface with easy tradng experience, even for beginners.
- The exchange provides many popular cryptocurrencies such as Bitcoin, Ethereum, Litecoin, Tether, and Ripple.
- io implements many protection measures such as wallets for users’ funds and SSL encryption.
- IndoEx offers very competitive fees, at a flat rate for both maker and taker of 0.15%
- The platform also supports an excellent spot trading feature, a mobile app, and a referral program with rewards.
- IndoEx provides customer service via email, social media, and a help center on its website.
What Are IndoEx Features?
Let’s examine with Betomon the features that make IndoEx competitive among competitors.
Spot Trading
IndoEx offers a powerful spot trading feature enabling users to purchase and sell multiple cryptocurrencies easily. When trading on the site, consumers have hundreds of possibilities to select from approximately 300 trading pairs.
Although IndoEx’s spot trading function is regarded as simple to use and straightforward, the platform is more suited for experienced traders looking for advanced trading tools and features.
IndoEx is a popular choice among experienced traders who seek to execute their trading strategies more effectively due to its low transaction costs, algorithmic trading, and real-time market data. However, because of the intricacy of the available tools and data, inexperienced traders could find the site confusing.
IndoEx App Review
Besides, traders may conduct transactions while on the go with convenience thanks to IndoEx’s high-rated mobile app. The app gives users access to all of IndoEx’s features and tools including real-time market data, sophisticated charting tools, and order execution capabilities. It is also compatible with both iOS and Android devices.
The app is intended to produce a smooth and intuitive user experience, with a simple UI that allows users to quickly and easily access the platform’s capacities. Furthermore, the app assures that users may trade with confidence by using strong security measures to secure their money and personal information.
Referral Program and Contests
IndoEx organizes a Refer-A-Friend program, where users can earn rewards by inviting new members to the platform. Diligent users may make substantial profits by encouraging friends and associates to sign up for the IndoEx exchange.
Once successfully inviting 10 new members, users can participate in the contest zone and have a chance to win 10 ETH. In order to be eligible for the contest, the people who were recommended must be followers of IndoEx’s social media sites.
IndoEx also allows its users to participate in regular trading contests for a variety of coin bonuses.
What Are IndoEx Fees?
IndoEx sets its participants competitive transaction fees of 0,15% for both makers and takers, which is slightly less than the market average. Additionally, the platform accepts more than ten modes of payment such as wire transfers and credit and debit cards,…
Although deposits with cryptocurrency are free, deposits made with fiat currency are typically associated with fees from IndoEx. Furthermore, each currency has its own withdrawal fees, which may be evaluated in full detail on the website. The following table provides fees for the most popular currencies:
| Coin | Maker Fee | Taker Fee | Minimum Deposit | Minimum Withdrawal | Deposit Fee | Withdrawal Fee |
| BTC | 0.15% | 0.15% | 0.0009 | 0.0013 | 0% | 0.0008 BTC |
| ETH | 0.15% | 0.15% | 0.015 | 0.025 | 0% | 0.006 ETH |
| XRP | 0.15% | 0.15% | 10 | 10 | 0% | 10 XRP |
| LTC | 0.15% | 0.15% | 0.086 | 0.086 | 0% | 0.083 LTC |
| USDT | 0.15% | 0.15% | 10 | 40 | 0% | 29 USDT |
| BCH | 0.15% | 0.15% | 0.036 | 0.024 | 0% | 0.05 BCH |
| USDC | 0.15% | 0.15% | 10 | 40 | 0% | 0.006 ETH |
| EUR | 0.15% | 0.15% | 10 | 10 | 10% | 3 EUR |
| USD | 0.15% | 0.15% | 10 | 10 | 10% | 3 USD |
The three various account types have different IndoEx withdrawal restrictions, which are as follows:
New accounts: Newly registered accounts have a withdrawal limit of $2,000 (or similar) within the first 24 hours, $5,000 (or equivalent), and $10,000 (or equivalent) during the second, and third days.
Basic accounts: At present, this account is permitted to withdraw $2,000 per day (or equivalent).
Enhanced accounts: Account verification is necessary for this type of account. After enabling two-factor verification, users can withdraw $200,000 (or equivalent) a day.
How to Create an Account at IndoEx?
Step 1: Click on the sign up button in the top right corner of the screen then enter your email address, username, and password. You will then be required to verify that you are human and complete 2FA authentication processes.
Step 2: After that, you need to finish the identity verification process that includes providing a high-quality photo of your ID such as your passport or driver’s license to open a IndoEx account. It is neccessary to comply with government regulations and prevent fraudulent activity.
Step 3: Depending on your level of authentication, IndoEx has a two-tiered security mechanism. The different tiers affect your service and withdrawal limitations.
Step 4: IndoEx further suggests using OTP authentication for an additional level of security. To increase the security of your account, you may use the Authy app to create a unique password every 30 seconds.
Foreign nationals can also register with IndoEx by providing their identity and mobile number in their name. After activating your account, you may make deposits and withdrawals in Korean Won.
You will create an account and trade digital assets in a secure and compliant way if you follow these guidelines.
Is IndoEx Safe?
IndoEx offers a secure wallet for funds in addition to Two-Factor Authentication and SSL encryption in order to guarantee customers’ funds. However, we couldn’t discover any official documents on IndoEx’s website confirming that the company keeps the majority of its money in cold storage, despite it being said as much in multiple reviews.
Additionally, IndoEx confirmed that it would offer insurance coverage for hacking situations on the platform through a relationship with Hanwha, a reputable South Korean insurance provider. The goal of this action is to address traders’ worries over the security of their digital assets on cryptocurrency exchanges.
Even though it only applies to the top six cryptocurrencies, it represents a significant advancement in this field since few exchanges provide such comprehensive insurance coverage. Note that leveraged bonuses are not covered by the insurance, though.
IndoEx Customer Service – Which Options Does It Support?
IndoEx platform offers support to its consumers through many channels such as:
- Email Support: Users can get in touch with IndoEx customer support via email anytime via support@indoex.io. This is an ideal selection for consumers who prefer to keep a written record of their correspondence with customer service.
- Social Media: IndoEx available on various social media platforms, including Twitter, Telegram, WhatsApp, and Facebook. Users can use these channels to contact with customer service and also stay updated on the latest news and announcements.
- Help Center: Frequently asked questions (FAQs) and helpful information regarding the platform are available in the help center section of IndoEx’s website. This resource is available to anyone seeking advice on common problems and subjects.
Although they do not support live chat option on the IndoEx website, users can call or connect with the company directly using WhatsApp.
Overall, IndoEx provides a number of support channels, making it easy for customers to get help when they need it.
IndoEx Reviews – What Do Customers Think About IndoEx?
Based on 77 customer reviews, IndoEx has a Trustpilot rating of 3.0/5. While some users have commended the website for its simplicity of use, others expressed complaints about not being able to access their deposited funds.
Final Thoughts: Is IndoEx Worth It?
All things considered, IndoEx is a highly reputable cryptocurrency exchange that provides experts with an effective and intuitive interface. Because of its large trading volumes, variety of trading pairs, and low transaction costs, IndoEx is an excellent option for anybody wanting to purchase, sell, or trade digital assets.
Although the platform lacks certain more sophisticated capabilities, such as trading bots and futures trading, and may be unpleasant for novices, traders of all experience levels may still use it due to its user-friendly design and wealth of support options.
Additionally, IndoEx gives customers lots of chances to diversify their portfolios and earn rewards through its referral program and regular trading contests.
Overall, IndoEx is one of the greatest cryptocurrency exchanges available and is a platform that is both reliable and feature-rich.
FAQ
Is IndoEx exchange legit?
Yes, IndoEx is a legitimate crypto exchange founded in 2019. It is accessible in over 150 countries and allows itss users to trade over 400 coins.
What is the minimum deposit for IndoEx?
According to our analysis of IndoEx, the minimum deposit requirements for the service differ based on the currency being deposited. For example, 0.0009 BTC is the minimum deposit required for Bitcoin.
What are the fees for IndoEx exchange?
With maker and taker fees fixed at 0.15%, the IndoEx exchange trading fee structure is competitive. At IndoEx, fiat deposits are often subject to fees, however crypto deposits are always free. For more information about the details of the withdrawal fees associated with each currency, you can check the IndoEx website.
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