In the midst of increasing crypto adoption in Indonesia, the two trading platforms most frequently discussed by the community are Binance and Indodax. Each has a large user base and its own standout features. However, which one is actually superior for Indonesian traders in 2025? To answer this, we conducted a hands-on test by purchasing crypto assets worth $100 (equivalent to IDR 1.7 million) on each platform, as well as exploring important aspects such as trading fees, security, ease of use, product features, and withdrawal flexibility.

This article aims to provide an objective and in-depth analysis for both beginner and experienced users who want to understand the advantages and disadvantages of both platforms. We will also discuss exclusive features such as Binance Megadrop, Binance Alpha, and Copy Trading, which are not yet available on Indodax.

1. Account Registration and Verification

Both platforms require KYC verification to make deposits and trading.

  • Indodax: The registration process is quite fast, using email and local phone number. KYC can be done with ID and selfie, and is usually verified in less than 24 hours.

  • Binance: Although it is a global platform, Binance supports Indonesian users. KYC uses passport/ID and face verification, and is verified within 5-30 minutes.

Note: Binance has additional security systems such as 2FA authentication, device detection, and anti-phishing code.

2. Crypto Purchase Methods & Ease of Use

To test the convenience of buying crypto, we made a $100 BTC purchase on Indodax and Binance:

  • Indodax: Purchases are made through the BTC/USDT market. The interface is still simple, similar to a traditional exchange display. There is no instant 'convert' feature.

  • Binance: Various options available: 'Buy Crypto' with card, bank transfer, or P2P. Instant purchases using the 'Convert' feature are very fast and suitable for beginners.

  • Indodax: A BTC transaction worth $100 at a price of $108,518 gets 0.000916 BTC

  • Binance: A BTC transaction worth $100 at a price of $108,518 gets 0.00092 BTC

Screenshot:

Screenshot of BTC/USDT transaction on Indodax
Screenshot of BTC/FDUSD transaction on Binance

3. Comparison of Trading Fees

Conclusion: Binance is more competitive for large volumes and active users, especially when using BNB for trading fee discounts.

4. Number & Variety of Supported Crypto Assets

Conclusion: Binance excels in supporting a broader and more dynamic crypto ecosystem.


5. Additional Products and Features

Binance offers a variety of features that can support both long-term and daily strategies, suitable for beginners and active traders.


6. Security & Fund Protection

  • Binance:

    • Protection via SAFU (Secure Asset Fund for Users)

    • 2FA, anti-phishing, whitelist withdrawal address

    • Regular audits and anomaly activity detection system

  • Indodax:

    • 2FA and KYC

    • No transparent information regarding fund insurance

    • Protection system is adequate but not as strict as Binance

Note: Binance has undergone audits by Certik and other security companies publicly.


7. Customer Service

Binance excels in quick response and availability of structured education.

8. Withdrawals and Flexibility

  • Binance: Can withdraw assets to personal wallets, or quickly convert to fiat/P2P. Many local payment methods are supported.

  • Indodax: Withdrawals to local bank accounts are quite fast (1-2 hours). However, crypto withdrawal features are somewhat limited.


Final Conclusion: Which is Better?

Recommendation:

  • For beginners who just want to buy and sell quickly to Rupiah: Indodax can be a starting choice.

  • For users who want to explore yield, invest in TGE, or copy trading strategies: Binance is a more complete and cost-efficient platform.


If you want to try various exclusive features such as Megadrop, flexible staking, or follow Alpha Points signals, sign up for Binance now through the following official link:

๐Ÿ‘‰ Sign up for Binance

This article is the result of a hands-on test conducted on July 8, 2025, with a screenshot of order history as transaction proof.

Additional Notes

  • All data is taken based on real-time conditions on July 8, 2025

  • The exchange rate of $100 is estimated at around IDR 1,627,806

  • Screenshot available in comparison documentation

The competition between Binance and Indodax is becoming more interesting in 2025, but from the perspective of a global ecosystem, product innovation, and fees, Binance provides greater added value for active traders and long-term investors. However, for direct access to local banking, Indodax still has its own place among Indonesian users.


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