Reku has partnered with Fireblocks to provide a secure cryptocurrency platform for Spot and Futures trading.
Buying and selling digital assets are commission-free, while Pro trading comes with a 0.1% commission. Futures contracts maker and taker fees are 0.1665% and 0.2775%, respectively.
Reku; Company Information
Reku, based in Jakarta, Indonesia, is a cutting-edge cryptocurrency exchange founded in 2018.
The platform underwent a significant rebranding in October 2022, transitioning from Rekeningku.com to Reku after securing an impressive $11 million in Series A funding from AC Ventures, Coinbase Ventures, and Skystar Capital. Key features of Reku:
- Registered by BAPPEBTI, PasarFX, Kliring Berjangka Indonesia (KBI) and Jakarta Futures Exchange (JFX)
- 150+ cryptocurrencies
- 600+ stocks and ETFs from NYSE and NASDAQ
- Reku Packs for automated wealth building
- 1M+ users
Reku Exchange Table of Specifications
Reku has partnered with Fireblocks, Xendit, and Coinbase Ventures to provide a safe and secure platform for trading cryptocurrencies and stocks with the following features:
Exchange | Reku |
Launch Date | 2018 |
Levels | No |
Trading Fees | Variable based on market |
Restricted Countries | Only available for Indonesia citizens and residents |
Supported Coins | 150+ |
Futures Trading | Yes |
Minimum Deposit | IDR 10,000 |
Deposit Methods | Crypto, Bank Transfer, Virtual Account, E-wallet |
Withdrawal Methods | Crypto, Bank Transfer |
Maximum Leverage | 1:25 |
Minimum Trade Size | IDR 5,000 |
Security Factors | Biometric Authentication, Cold Storage, 2FA |
Services | Staking, Mobile Trading, US Stocks Trading, API Trading |
Customer Support Ways | Email, Ticket, Live Chat |
Customer Support Hours | 24/7 |
Fiat Deposit | Yes |
Affiliate Program | Yes |
Orders Execution | Market |
Native Token | No |
Reku User Levels
The platform does not offer traditional user levels, rewarding customers with trading fee discounts based on their trading volume.
However, Reku provides lower costs and exclusive services for significant institutional clients.
Trading and Non-Trading Fees
We must mention in this Reku review that the exchange offers two types of trading: Lightning and Pro.
While Lightning is a simple crypto buy and sell feature, the Pro mode provides access to analytical tools and charts.
Trading Mode | Buy | Sell |
Lightning | Free + 0.1422% (VAT) | Free + 0.1222% (Tax) |
Pro | 0.1% + 0.1422% (VAT) | 0.1% + 0.1222% (Tax) |
All US Stock trades are subject to a 0.278% transaction fee. IDR deposits and withdrawals, except for E-Wallet deposits, are free.
The platform also allows for Crypto Futures trading with the following fee structure:
Maker | 0.1665% |
Taker | 0.2775% |
Reku Exchange Cryptocurrency Offerings
The platform provides access to 150+ cryptocurrencies for trading and 600+ stocks and ETFs. Most popular digital assets on Reku:
- Bitcoin (BTC)
- Ethereum (ETH)
- Binance Coin (BNB)
- Cardano (ADA)
- Solana (SOL)
- Polkadot (DOT)
- Dogecoin (DOGE)
Leveraged Trading on Reku
At the time of writing this Reku review, the exchange’s website indicates that traders can use leverage options of up to 1:25.
However, online support claims that Futures trading is not available at the moment.
Account Opening and Verification
To register with Reku and start trading, you must be over 18 years old. To open an account, follow the steps below:
- Navigate to the exchange’s official website;
- Click “Sign Up”;
- Fill out the registration form;
- Enter the OTP sent to your email;
- Download the Reku application;
- Complete the facial recognition procedure;
- Provide proof of identity (passport and an active KITAS/KITAB).
Reku Security and Safety
Reku takes security seriously by requiring users to enable two-factor authentication. The platform also has implemented other measures, including:
- Biometric authentication
- Cold storage
- Fireblocks utilization for secure digital asset custody
The ISO 27001 certification also provides an additional layer of safety to ease customers’ minds.
Payment Methods
While lack of support for Credit/Debit cards can be a letdown for potential clients, the platform provides a wide range of fiat (IDR) deposit methods, including:
- Bank transfer (Bank Permata, Bank Sahabat Sampoerna, and BRI)
- Virtual Account (Bank Permata, Bank Mandiri, Bank Sahabat Sampoerna, and BRI)
- E-Wallet (OVO, DANA, SHOPEE PAY, and LinkAja)
Users can also deposit and withdraw cryptocurrencies on Reku.
Reku Trust Score
As a relatively new player in the cryptocurrency exchange market, Reku is still establishing its reputation on global rating platforms.
However, the exchange has a score of 3.9 out of 5 on Google Reviews.
The former brand, Rekeningku has an unclaimed TrustPilot profile with 4 five-star reviews, resulting in a great score of 4 out of 5.
Does Reku Offer Copy Trading or Investment Plans?
While the platform doesn’t offer copy trading or social trading services, it provides some alternatives for passive income, including:
- Reku Packs: Curated investment portfolios that allow users to invest in themed collections of assets;
- Staking: Users can stake specific cryptocurrencies to earn passive rewards up to 12.5% APY;
- US Stock ETFs: Access to Exchange-Traded Funds for diversified investing;
- Affiliate: Refer your friends and earn up to 20% in commissions.
Writer's opinion and conclusion
Reku provides access to 150+ Cryptocurrencies with leverage options of up to 1:25.
The exchange supports OVO, DANA, and Link Aja payment methods for IDR deposits with a 1.665% fee. There are 177 Reku reviews on Google, resulting in a 3.9 score.
