IndoEx Review 2025

IndoEx offers 160+ cryptocurrencies for Spot trading with a flat fee of 0.15%. The exchange does not require KYC verification and allows daily withdrawals of up to 100 BTC. Affiliates with 10+ invitees are eligible for a 10 ETH lottery.

IndoEx; Exchange's Information and Background

IndoEx Ltd. was launched on 16 January 2019 as a CEX with headquarters in Estonia and England.

The company was founded by Spencer Collins and registered in the UK (Company No. 12029621) as a private limited company, which was dissolved later in November 2024. Key features of IndoEx:

• 241 market pairs
• Available across 150 countries
• Specializing in Altcoins
• 24/7 support

IndoEx Table of Specifications

The crypto exchange offers various services, from Crypto API to new Airdrops. Let’s dive into IndoEx’s offerings.

IndoEx Exchange Pros & Cons

While the company’s hacking insurance by Hanwha is considered a benefit, the complex and strict KYC procedure is one of the disadvantages in this IndoEx review.

Does IndoEx Offer User Levels?

IndoEx does not offer a tiered user level system. This means that all users have access to the same features and fee structure, regardless of their trading volume or account balance.

IndoEx Fees Explained

The exchange has a flat fee structure for spot trading, deposits, and withdrawals.

• Spot Trading: 0.15%
• Crypto Deposits: Free
• Crypto Withdrawal: Variable based on the asset

Note that the trading fee for SolanaSaudi (SOLSA) is 5.1499999999999995%.

IndoEx Exchange Crypto Markets

The platform has listed 160+ cryptocurrencies and offers access to 241 trading pairs in BTC, ETH, USDT, BNB, XRP, USDC, and LTC markets. Popular cryptocurrencies on indoEx:

• Bitcoin (BTC)
• Tron (TRX)
• Solana (SOL)
• Ethereum Classic (ETC)
• Bitcoin Cash (BCH)
• Cardano (ADA)
• Shiba Inu (SHIB)
• Chainlink (LINK)

Does IndoEx Support Leveraged Trading?

At the time of writing this IndoEx review, the exchange does not offer leveraged trading options. This means users cannot borrow funds to increase their trading position size and potential profits (or losses).

IndoEx Account Opening

While the exchange’s FAQ indicates that only clients above 19 with a phone number in their name are accepted, the support team in the Telegram group pointed out that there is no KYC procedure on IndoEx.

Indeed, upon completing the registration process, you’ll see that there is no verification section in the client dashboard. IndoEx registration guide:

1. Visit the IndoEx website and click the "SignUp" button;
2. Fill out the registration form with username, email address, and a password;
3. Click the verification link sent to your email.

IndoEx Exchange App and Trading Platform

The IndoEx proprietary trading platform is available in web and mobile versions. It supports Limit orders and provides access to TradingView charts and tools.

• IndoEx Android
• iOS (Not available on App Store)

TradingFinder has developed a wide range of TradingView indicators that you can use for free.

IndoEx Safety and Security

The exchange has partnered with Hanwha, a South Korean insurance company, to insure users’ funds. The scheme applies only to the top 6 cryptocurrencies. IndoEx has also implemented some other safety factors, including:

• Data encryption
• Two-factor authentication (2FA) for login, withdrawal, and API management via email or Google Authenticator
• Secondary PIN for account access
• Anti-phishing code for message authentication
• Device management to monitor active sessions

Deposit and Withdrawal Options

While IndoEx claims to provide 10+ payment options, the platform doesn’t offer crypto buy/sell services or fiat options. Payments are only processed via cryptocurrencies. The minimum deposit amount is 1 USDT.

Note that for crypto withdrawals, you must set 2FA via Google Authenticator and the Secondary PIN on your account.

IndoEx Trust Scores

The exchange hasn’t gained many interactions on review websites. There are only 18 IndoEx reviews on Trustpilot, most of which are positive, praising customer support and transparent fee structure.

89% of comments on the IndoEx Trustpilot profile are positive (4-star and 5-star), and only 11% are negative (1-star), resulting in a great score of 4.2 out of 5.

Customer Support

While the contact channels are limited, the 24/7 availability is appealing. IndoEx exchange provides assistance through two main channels:

• Email: support@indoex.io
• Telegram Group Global: https://t.me/indoexofficial
• IndoEx India Telegram
• IndoEx Pakistan Telegram

Investment and Growth Plans

While the exchange doesn’t provide crypto copy trading software, it features an affiliate program, Airdrops, an API service, and trading competitions.

• Affiliate: Referral commissions and a lottery with a 10 ETH prize for affiliates with 10+ invitees
• Airdrop: Providing access to token airdrops (e.g., CAPE, MTCS, YOC, and CEO)
• API service: Algorithmic trading via WebSocket API
• Competitions: Various trading contests with prize pools (TDCCP trade contest with a prize pool of 650 TDCCP)

Prohibited Jurisdictions

As mentioned earlier in this IndoEx review, the exchange requires no KYC verification. Thus, clients from all countries can open an account, trade, and withdraw up to 100 BTC daily.

Writer's Opinion and Conclusion

IndoEx provides access to 241 trading pairs in seven markets, including BTC, USDT, and XRP. The minimum order size and deposit are 10 USDT and 1 USDT, respectively. The exchange has a score of 4.2 out of 5 on Trustpilot.