Tokocrypto review
Tokocrypto is the answer to a question Indonesian buyers ask constantly: how do I use Binance here? Binance itself is not on Indonesia's licensed whitelist. Tokocrypto is, and Binance owns all of it.
Binance first invested in Tokocrypto in 2020 and acquired it outright in 2022. It holds a Digital Financial Asset Trader licence under OJK supervision, and in September 2024 became the third Indonesian exchange to secure the full physical crypto asset trader licence from Bappebti. Rupiah trading routes through CFX, the national crypto exchange all licensed Indonesian platforms connect to.
Spot fees run about 0.1 percent maker and 0.2 percent taker, competitive with Indodax Pro. Rupiah funding is by bank transfer, and the 0.21 percent final income tax is withheld automatically like every licensed platform.
The reason to pick it over a purely local rival is the Binance connection: deeper liquidity and a familiar interface for anyone who has used Binance elsewhere, without the legal problem of using an unlicensed platform. The reason to hesitate is the same one that applies to any custodian: it holds your keys until you withdraw.
- Founded
- 2018
- Headquarters
- Jakarta, Indonesia
- Fees
- Spot trading around 0.1 percent maker and 0.2 percent taker, with the 0.21 percent Indonesian final income tax withheld automatically.
- KYC
- Required
- Payment methods
- Local bank transfer
- Status
- Operating
How you can pay on Tokocrypto
Every deposit rail Tokocrypto supports in at least one market. Which of them you can use depends on your country; the country guides below list the exact methods per market.
- Domestic bank rail
- Local bank transfer
As published by Tokocrypto: Rupiah bank transfer.
Pros and cons
What works
- OJK-licensed and holder of the full Bappebti physical crypto asset trader licence since September 2024
- Wholly owned by Binance, so it is the lawful route into that ecosystem from Indonesia
- Spot fees around 0.1 percent maker, competitive with the cheapest local tiers
- The 0.21 percent final income tax is withheld automatically at source
What to watch
- Fewer funding rails than Indodax, with no e-wallet deposits confirmed
- Custodial until you withdraw, like every platform on this page
- Being Binance-owned cuts both ways if you would rather not concentrate exposure with one group
Fees in detail
- maker
- Around 0.1 percent
- taker
- Around 0.2 percent
- deposit note
- Rupiah funding is by bank transfer, routed through CFX, the national crypto exchange.
- withdrawal note
- Bitcoin withdrawals to self-custody are supported; rupiah returns to an Indonesian bank account.
Where we recommend Tokocrypto
Countries where Tokocrypto ranks in our local guide. Availability beyond these is possible but unverified by us.
IndonesiaFrequently asked questions
Is Binance available in Indonesia?
Not directly. Binance does not appear on OJK's licensed whitelist. It owns Tokocrypto outright, which does hold the licence, so Tokocrypto is the compliant way to reach the Binance ecosystem from Indonesia.
What does Tokocrypto charge?
Spot trading runs around 0.1 percent maker and 0.2 percent taker, in the same range as Indodax Pro. The 0.21 percent Indonesian final income tax is withheld automatically on top.
Is Tokocrypto properly licensed?
Yes, twice over. It is a Digital Financial Asset Trader under OJK supervision and, since September 2024, holds the full physical crypto asset trader licence from Bappebti, one of the first exchanges to do so.