When you trade crypto in Crypto Trading Indonesia, the practice of buying, selling, and holding digital currencies through platforms accessible to users in Indonesia. Also known as Indonesian cryptocurrency trading, it’s become one of the most active markets in Southeast Asia, driven by young, tech-savvy users and a lack of traditional banking access for many. But behind the excitement, there’s a messy reality: exchanges vanish, regulators crack down, and fake airdrops trick thousands.
One major thing shaping this market is crypto exchange Indonesia, local platforms where Indonesians buy Bitcoin, Ethereum, and other coins using rupiah. Some, like Indodax and Pintu, are well-known and regulated. Others, like Bvnex or LongBit, disappear overnight after stealing funds. These exchanges often skip audits, ignore KYC rules, and vanish when the pressure builds — just like what happened to Bitsonic, which only works for fluent Korean speakers and has no English support, proving how regional restrictions can limit access. Then there’s crypto regulations Indonesia, the government’s push to bring order to a wild market. In 2025, Indonesia requires all exchanges to register with BAPPEBTI, enforce KYC, and report transactions — or risk being shut down, like TradeOgre in Canada, which lost $40 million in crypto for ignoring the same rules. And while some traders think they can hide behind anonymity, that’s a myth. Law enforcement is getting smarter, and platforms without proper verification are becoming targets.
Scams are everywhere. You’ll see fake airdrops for coins like CovidToken or HyperGraph (HGT) that don’t exist. They promise free tokens, but all they want is your wallet seed phrase. Others, like YodeSwap or AnimeSwap, look real but are dead platforms with zero liquidity. Even legitimate-sounding projects like HappyFans or RUNE.GAME had their airdrops years ago — and now only scammers still use those names. If it sounds too good to be true, it is. The same rules apply in Indonesia as everywhere else: if you didn’t earn it through a verified platform, you didn’t get it.
What you’ll find below are real reviews of exchanges that worked — and those that didn’t. You’ll see how Japan’s strict licensing model compares to Indonesia’s patchy enforcement. You’ll learn why Upbit’s $34 billion fine in South Korea sent shockwaves through Asian markets. And you’ll find out how to spot a scam before you lose your money. This isn’t theory. It’s what happened to real people. And it’s what you need to know before you trade again.
Indonesia shifted crypto regulation from commodity trading to financial oversight in 2025. Learn how OJK now controls crypto, the new tax rules, capital requirements, and what's still banned.