Summary: In Indonesia, the most reliable method to buy USDT is through a reputable cryptocurrency exchange that accepts deposits in Indonesian Rupiah (IDR). This allows investors to securely transfer IDR using bank transfers, debit cards, credit cards and other methods to acquire USDT, USDC, and other stablecoins.
Our top recommendation for investors in Indonesia is Binance. As the leading crypto trading platform in the country, Binance supports instant and free IDR deposits for buying Tether (USDT) and over 350 other cryptocurrencies with competitive fees.
Best Exchange to Buy Tether (USDT) in Indonesia
- Instant and Free Indonesian Rupiah (IDR) deposits to buy Tether (USDT) and other stablecoins.
- 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.
How to Buy Tether (USDT) in Indonesia
Purchasing USDT in Indonesia is straightforward, thanks to user-friendly cryptocurrency exchanges like Binance that cater to Indonesian citizens seeking to acquire digital assets. Their platform allows users in Indonesia to create an account and deposit IDR to securely buy Tether (USDT) and over 350 other crypto assets with competitive fees.
Follow our 4-step guide to get started:
- Sign Up: Create an account on Binance and complete the identity verification process.
- Deposit Funds: Choose the Indonesian Rupiah (IDR) as your currency and select Tether (USDT) as the coin you want to buy.
- Transfer Funds: Deposit funds from your bank account using a bank transfer or another suitable method.
- Purchase Crypto: Click 'Buy', and the tokens will be instantly credited to your account.
What are the Fees to Buy USDT with IDR?
The fees to buy Tether (USDT) with IDR will differ based on the exchange you choose. With reputable and established platforms like Binance, users enjoy 0% deposit fees when transferring IDR onto the platform and a modest 0.1% trading fee to purchase Tether (USDT) and other assets. This is more cost-effective compared to alternatives like Indodax and Luno, which charge up to 0.5% for buying USDT on their platforms.
Is Buying Tether (USDT) Legal in Indonesia?
Tether (USDT) is legal in Indonesia, as the country recognizes and regulates cryptocurrencies. In 2019, the Indonesian Commodity Futures Trading Regulatory Agency (BAPPEBTI) issued a regulation classifying digital assets, including Tether, as tradable commodities.
Since then, Indonesia has been supportive of cryptocurrency trading, and several exchanges like Binance have been operating under the country's regulatory framework. As a result, Tether and other cryptocurrencies are legal and regulated in Indonesia.
In conclusion, buying Tether (USDT) in Indonesia is a simple and legal process, facilitated by trusted cryptocurrency exchanges like Binance. By following our 4-step guide, Indonesian investors can easily purchase USDT with IDR, enjoying competitive fees and a supportive regulatory environment.
Binance stands out as the recommended platform for its user-friendly interface, low fees, and extensive range of cryptocurrencies. So, don't hesitate to explore the exciting world of digital assets and make your first USDT purchase in Indonesia today.
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.