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Buying Bitcoin in Indonesia

Although there is still debate in Indonesia whether corruption has improved or remained much the same since Suharto died, one thing no one is debating is bitcoin being more valuable to store value than the Indonesian Rupiah. Seriously, how bad can the Rupiah get before some of the corrupt officials realize they can’t save a crashing currency?

Best Bitcoin Exchanges in Indonesia

The most popular place to buy bitcoin in Indonesia has been Indodax, although the verification process is quite extensive. It might actually be one of the most difficult out there, with scanning a picture of the user holding holding their SIM (Surat Izin Mengemudi) or passport. Considering the corruption throughout Indonesia, it might be better to use one of the bitcoin exchanges located outside of the country. There are also the anonymous exchanges and options below the popular Indonesia bitcoin exchanges below.

The best bitcoin exchanges in Indonesia currently are:

Anonymous Bitcoin Options for Indonesians

Every country throughout the world needs to have a few anonymous bitcoin options for people to buy and sell their bitcoin with cash from time to time.

If the economic stimulus measures that the government has taken can’t turn the economy around, at least Indonesians can store Rupiah in bitcoin and not have their wealth depleted when the currency dies. Especially with the Indonesia government still deciding how to “control” bitcoin, it is probably a good idea to use anonymous exchanges in Indonesia.

The best anonymous bitcoin exchanges for Indonesians currently are:

Anonymous ExchangesIndonesiaTypeKYCCurrencies 
HodlHodlPeer to Peer BTC Exchange / Trading PlatformNoIDR, CNY, SGD, EUR, USDContinue
BISQAnonymous Person to Person Exchange / Trading Platform NoAUD, CAD, CNY, EUR, GBP, INR, JPY, RUB, SEK, ZAR (More) Continue
PaxfulAnonymous Bitcoin PurchasesNoWestern Union, MoneyGram, Visa Prepaid Cards, Amazon Gift Cards Continue
ChangellyAnonymous Bitcoin and Altcoin BuyingNoBTC, ETH, LTC and Hundreds of AltcoinsContinue
BinanceTrading PlatformNo

(under 2BTC)
BTC, ETH, LTC, Hundreds of Alt-coinsContinue
CoinMamaExchangeUnder $150 NoVisa, MasterCard, AUD, CAD, EUR, GBP, INR, JPY, NZD, RUB, SEK, ZARContinue

Other Options for Buying Bitcoin in Indonesia

There is only one bitcoin ATM in Kuta, Bali and the fees are quite high. The options in nearby Australia and Malaysia to buy bitcoin aren’t any better. For those looking for a good price, it is rarely found with a bitcoin ATM. Heading to Vietnam is the lowest fee Bitcoin ATM at 1%, for something relatively close to Indonesia.

The bitcoin meetups throughout Indonesia are a good place to meet holders willing to sell for Rupiah. The nearby exchanges people in Vietnam and China will sell to multiple countries, although the pesky identification requirements will still be involved with the regulated exchanges.