5 Most Complete Crypto Trading Applications In Indonesia

Illustration. (Photo: Unsplash)

JAKARTA - In 2024, crypto remains one of the prima donnas of choice for trading and investment. How not, if we only invest in Bitcoin since the beginning of the year, this asset has succeeded in providing a return of >58 percent for investors. Not to mention if the investment is made on alternative crypto assets (altcoins) that have the potential to return up to thousands of percent like in MANTRA (OM) coins that have been appreciated >2,300 percent since the beginning of the year.

Along with the increasing interest in digital assets, choosing the right crypto trading application is very important. When choosing, make sure you not only pay attention to the number of assets available, but also the qualified features and official licenses that the application has. Licensed applications provide security and convenience guarantees in transactions, so you can invest more confidently.

Launching from several sources, here are the 5 most complete crypto trading applications in Indonesia that you can consider:

1. Pluang

With more than 1000+ assets, including 350+ crypto coins, US stocks, ETFs, mutual funds, and gold, Pluang provides a very wide variety of assets, suitable for investors who want to diversify their portfolios. This diversity provides flexibility for users from various backgrounds, both beginners and pros, to adapt their investment strategy.

Not only for beginners, but applications that offer the lowest costs and spreads also offer Pro Features aimed at intermediate investors and traders to experts. Pro Features Pluang includes the most advanced web trading with the support of advanced orders in the most complete modes in today's market, such as Market, Limit, Stop Market, and Stop-Limit. This feature allows users to customize their watchlist trading and uses more than 100 indicators on the chart without restrictions, all for free.

For new users, Pluang also provides attractive offers in the form of 0 percent of the cost of crypto transactions and US shares, making it a very friendly choice for beginners and professionals.

Security and legality in Pluang are also highly prioritized. Pluang has officially obtained full licenses as a Physical Crypto Asset Trader (PFAK) and is one of the first in Indonesia with the license. This license is a form of protection for investors, ensuring that crypto asset trading in Pluang is official and meets the licensing provisions of CoFTRA. This license also shows that Pluang has met reliable operational standards and technology, providing security guarantees for its users.

In addition to variational completeness and asset classes, this application, which is trusted by more than 11 million users, offers the latest feature that distinguishes from competitors, namely the American Stock Options (US Stock Options). This feature, which is still at the beta stage, is one of the newest features in Indonesia, and allows traders to gain profits both as the stock market goes up and down.

Especially for users with a minimum Net Investment Value of IDR 100,000,000, they will automatically be part of the exclusive Pluang Plus program where there are various special advantages, including access to online or offline meetings by fellow investors, Pluang officials, and financial influencers and experts; as well as lower US Stock transaction fees than regular users.

2. Door

Pintu is an application that focuses on ease of use, especially for novice investors in the crypto world. With more than 300+ crypto coins, Pintu offers considerable flexibility for its users.

One of Pintu's flagship features includes Web3 which is a crypto wallet that uses multi-party computing (MPC) technology to make it easier for users to access various dApps, support several blockchain networks including Ethereum, BNB Smart Chain, Polygon etc. and manage crypto and NFT assets safely with complements to Firewall's additional security layer.

The app is also equipped with the Price Alert feature, which allows users to get notifications when crypto asset prices reach a certain level, helping to quickly make trading decisions.

In addition, Pintu has 2FA and Google Authenticators for optimal security. With a simple look and crypto-focused features, Pintu is a popular choice for those who are just starting investing in digital assets.

3. Indodax

As one of the largest and oldest crypto platforms in Indonesia, Indodax offers more than 410+ crypto coins with a high daily trading volume. Indodax is known for its Pro feature which offers a deeper trading experience, as well as integration support with Trading View and Web Trading for a more accurate price analysis.

Indodax also offers a Priority Indodax program, which provides a special fee for priority users. Other flagship features include Crypto Earn, which allows users to get interest from stored crypto assets.

4. Tokocrypto

Tokocrypto is a crypto trading application in collaboration with Binance, one of the largest crypto exchanges in the world. With more than 340+ crypto coins, Tokocrypto provides a wide selection of assets for users, making them one of the most complete platforms in Indonesia.

Some of Tokocrypto's flagship features include Crypto Earn, Order Book, as well as support for Advanced Order and Web Trading. Tokocrypto also offers the VIP Tokocrypto program, which provides lower transaction fees for priority users.

5. Reku

Reku is a crypto platform that offers more than 175+ crypto coins and is known for its OTC VIP Reku service, which provides a special fee for priority users. Reku is equipped with Packs features that make it easier for users, especially novice investors, to buy selected stock assets in one category, as well as the Crypto Staking feature, which allows users to get interest from their digital assets.

With layered security through 2FA and Google Authenticator, Reku remains a solid choice for users looking for a simple but effective crypto trading platform.

The five applications above offer various advantages in terms of features, security, and the number of assets available. Pluang stands out with its asset diversification, spread and lowest costs and advanced features such as Pro Features and American Stock Options, Pintu excels on Web 3, Reku with their Packs feature, while Indodax and Tokocrypto excel in the number of crypto coins offered as well as Crypto Earn. To choose the app that best suits your needs, consider the flagship features and security provided by each platform.