Home
»
Crypto Banks
»
Buy Crypto with Bank Mandiri

Buy Crypto with Bank Mandiri

Adrian Graham
Fact Checked
Jan 7, 2023

Summary: Bank Mandiri does not directly offer any products or services that enables its customers to buy Bitcoin and other cryptocurrencies. This means that investors will need to transfer Indonesian Rupiah (IDR) to a regulated exchange from their bank account to buy and sell digital assets.

Our top pick for Indonesian residents is OKX. Their platform is licensed and offers fast and cheap bank transfers from Bank Mandiri to trade over 300 cryptocurrencies with low fees.

Table of Contents

Best Crypto Exchange for Bank Mandiri

Platform Highlights

  • Fast and cheap Indonesian Rupiah (IDR) deposits via Bank Transfer from Bank Mandiri.
  • Trade & Stake over 300 Cryptocurrencies with low fees and tight spreads.
  • Feature-rich platform with Staking, an NFT Marketplace, OKX Chain, OTC Support & more.
OKX - Bank Mandiri
Visit Site
Audited Proof of Reserves
Audited Proof of Reserves

How to Buy Crypto with Bank Mandiri

The safest and easiest way to buy Bitcoin and cryptocurrencies with Bank Mandiri is through a regulated exchange that accepts bank transfers from Indonesian banks. The best platform that supports Bank Mandiri deposits is OKX, which accepts bank transfers, debit cards and credit cards from all banks and payment platforms in Indonesia.

You can get started in 4 steps with our verified guide:

  1. Sign up to the OKX platform and verify your identity.
  2. Select 'Buy Crypto' in the Navigation Menu and select 'P2P Trading'.
  3. Then select the token you want to buy (e.g USDT) and IDR & Bank Transfer as your preferred payment method.
  4. Finally, click 'Buy' on the top listing to finalise your purchase of USDT with a Bank Mandiri account. Once you buy the USDT, you can then trade it for any of the 300 tokens available on the OKX platform.
Deposit IDR with a Bank Mandiri Transfer.
Deposit IDR with a Bank Mandiri Transfer.

What is P2P Trading?

P2P trading is the process of buying and selling Bitcoin and other cryptocurrencies directly from individuals. P2P platforms, like OKX, match buyers with sellers in a secure environment where users can set their own exchange rates, payment methods and security measures. This ensures that you get the best deal when buying or selling digital assets with Bank Mandiri.

Once you have purchased the crypto like USDT on P2P Trading, you can then use that to buy other assets and NFTs on the OKX platform.

Trade Crypto on OKX in Indonesia.
Trade Crypto on OKX in Indonesia.

Is Bank Mandiri Crypto Friendly?

Bank Mandiri is a crypto-friendly bank in Indonesia that does not block or ban customers for depositing IDR into regulated exchanges.  However, Bank Mandiri does not offer any products or services that enables its customers to directly buy Bitcoin and other cryptocurrencies. That said, due to the increasing demand for cryptocurrencies in Indonesia, Bank Mandiri may soon consider including crypto services on its platform.

Until then, Indonesian residents can use OKX to purchase cryptocurrencies with their Bank Mandiri account safely and securely.

About Bank Mandiri

Bank Mandiri is a state-owned bank in Indonesia. It was formed in 1998 as part of the Indonesian government's bank restructuring program, and is now one of the largest banks in the country. Bank Mandiri offers a wide range of financial products and services, including retail banking, corporate banking, investment banking, and treasury services. It has a network of branches and ATMs throughout Indonesia and also has a presence in a number of other countries.

Final Thoughts

Bank Mandiri does not offer any products or services that enables its customers to buy Bitcoin and other cryptocurrencies directly. However, Indonesian investors can use OKX to purchase cryptocurrencies securely with a Bank Mandiri account. The OKX platform is licensed, secure and offers fast and cheap bank transfers from Bank Mandiri to trade over 300 cryptocurrencies.

Investors should always make sure they are trading on regulated exchanges and taking the necessary security precautions when buying digital assets. Furthermore, before making any investments in cryptocurrencies, investors should check their local regulations to ensure that their activities comply with the laws of Indonesia.

Adrian Graham

Co-Founder & former banker turned Full-Time DeFi analyst and researcher. Left traditional finance to pursue my interest in digital assets and decentralized finance.

Twitter
View Posts