Summary: Although Bank Mandiri, a leading Indonesian bank, does not support direct cryptocurrency investments via its online banking platform, it enables customers to transfer funds to authorized crypto exchanges accepting deposits from Indonesian financial institutions.
Our research indicates that Binance is the top choice for Indonesian bank account holders and users, as it provides an extensive range of cryptocurrencies and attractive fees for various trading activities, including spot market trading, futures market trading, crypto options, and fast IDR deposits from Bank Mandiri.
Best Exchange for Bank Mandiri
Platform Highlights
- Instant and free Indonesian Rupiah (IDR) and other currency deposits from Bank Mandiri.
- Trade 350+ crypto assets with low fees starting at 0.1% per trade.
- Largest and most trusted Cryptocurrency exchange in the world with 100 million users.
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How to Buy Crypto with Bank Mandiri
Binance is the premier exchange for investing or trading cryptocurrencies using a Bank Mandiri account. The platform allows you to deposit Indonesian Rupiah (IDR) from Bank Mandiri via bank transfer, debit card, or credit card to trade any asset available on the exchange.
To get started, follow this simple guide:
- Sign Up: Create an account on Binance and complete the verification process.
- Deposit Funds: Select the currency you want to deposit (IDR) and the token you wish to buy.
- Initiate Transfer: Deposit funds from Bank Mandiri using bank transfer or another available method.
- Buy Crypto: Click 'Buy', and the tokens will immediately appear in your account.
What are the Fees?
Fees for buying crypto assets with Bank Mandiri vary depending on the chosen crypto broker or exchange, as the bank itself does not directly offer digital asset trading services. Binance, our recommended exchange, offers fast and free IDR deposits from Bank Mandiri, along with industry-leading trading fees that start at just 0.1% per trade.
Bank Mandiri Cryptocurrency Policy
Bank Mandiri accommodates crypto transactions by permitting customers to transfer funds (Indonesian Rupiah) to licensed cryptocurrency exchanges for investments in digital assets. Additionally, the bank is open to exploring opportunities for integrating crypto-focused services into its offerings in the future.
About Bank Mandiri
Bank Mandiri, headquartered in Jakarta, is a major Indonesian financial institution. Established in 1998, it has rapidly become one of Indonesia's largest and most respected banks. Bank Mandiri provides a comprehensive range of banking and financial services, including savings accounts, loans, credit cards, and various investment options. With an extensive network of branches and ATMs nationwide, the bank serves a large customer base and has a significant presence in global markets.
Final Thoughts
In conclusion, while Bank Mandiri does not directly offer cryptocurrency investment options, it does facilitate the transfer of funds to authorized exchanges like Binance. Binance, as a popular platform among Indonesian users, allows for IDR deposits from Bank Mandiri accounts, enabling clients to trade a wide range of cryptocurrencies. To begin, simply sign up for a Binance account, fund it, and proceed with your desired purchase.
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Author
Co-Founder & former Investment Banker (Finance MBA) turned Full-Time analyst and Head of Research at Buy Bitcoin Bank. Left traditional finance to pursue my interest in digital assets and decentralized finance.
