In the world of crypto investment, choosing the right exchange platform can greatly affect our experience and profits. Out of curiosity, I decided to conduct a small test: comparing Binance and Indodax with a capital of $100, to see which is more efficient, comfortable, and suitable for Indonesian traders.

Here are the results of my experience:

1. Transaction Fees

The first thing that is immediately felt is the trading fees.

  • At Binance, the transaction fee (taker fee) is only about 0.1%. With a capital of $100, this fee deduction is almost negligible, so the amount that actually goes into crypto assets is nearly full.

  • For Buy Position details

    0.1% Charges a fee of 0.00000091 BTC from a total of 0.00091 BTC.

  • For Sell Position details charges about 0.1% for this sale transaction.


  • Meanwhile, at Indodax, the buying fee is around 0.33%, and the selling fee is around 0.32%. This means that from $100, the net value of the crypto assets we receive is slightly smaller compared to Binance.

  • For Buy Position details

  • For Sell Position details

So, from a cost-efficiency perspective, Binance is superior, especially if we plan to trade actively or frequently make large transactions.


2. Ease of Buying Crypto

• Binance Buy via BTC/USDT (global market). Modern & fast UI.

  • Indodax Buy directly BTC/IDR, use Rupiah via bank, QRIS, e-money.

✅ Advantage: Indodax is more practical for Indonesian beginners.

3. Megadrop & Launchpool

  • Binance Has Launchpool & Megadrop features, can get new tokens before public listing.

  • Indodax Does not have Launchpool or Megadrop features.

✅ Advantage: Binance is very profitable for users.

4. Copy Trading

  • Binance Yes, can mimic professional trader strategies, learn while practicing directly.

  • Indodax No, all trading is manual.

✅ Advantage: Binance makes it easier for beginners to level up.

5. Staking & Earn

  • Binance Many options: flexible staking, locked, dual investment, and over 50 tokens.

  • Indodax Has staking but the assets & types are limited.

✅ Advantage: Binance is more optimal for passive income.

6. Supported Cryptos

  • Binance ±400+ assets, with ±1,464 trading pairs. New token listings are quick.

  • Indodax ±400 assets, market pairs are more limited & new token listings tend to be slow.

✅ Advantage: Binance for pair variations & altcoin hunters.

7. Platform Security

  • Binance Global standards: SAFU Fund, Proof of Reserves, YubiKey, anti-phishing.

  • Indodax Regulated & supervised by BAPPEBTI, cold storage, 2FA via Google/SMS.

✅ Advantage: Binance excels in global security technology, Indodax is strong in local regulations.

8. Customer Support

  • Binance 24/7 multilingual live chat, supports millions of global users.

  • Indodax 24-hour live chat & phone support in Indonesian.

✅ Advantage: Binance excels internationally, Indodax is comfortable for local users.

9. Conversion Feature

  • Binance Instant cross-blockchain convert without additional spread, many chains (BEP20, ERC20, TRC20).

  • Indodax Must go through manual trading market, incur fees & additional spreads, more limited networks.

✅ Advantage: Binance is more economical & flexible for asset exchange.

10. Withdrawal Flexibility

  • Binance Can withdraw on-chain and also P2P to enter the account.

  • Indodax Deposit & withdraw IDR practically without P2P, safer from fraud risks.

✅ Advantage: Indodax excels in Rupiah deposits, much safer because it's not P2P.

🔥 Final Conclusion

Binance: Best for active traders, altcoin hunters, who want low fees & complete global features.

Indodax: Suitable for beginners who want simple Rupiah transactions & local support.