The cryptocurrency industry in Indonesia has experienced remarkable growth. According to the Ministry of Trade’s May 2022 report, crypto investors reached 14.1 million—nearly double the 8.86 million stock investors. From January to May 2022, crypto transaction values hit Rp 192 trillion.
Interestingly, while Bitcoin remains the most popular cryptocurrency by market cap, USDT (Tether) recorded the highest transaction value in Indonesia at Rp 42.3 trillion, far surpassing Bitcoin’s Rp 18.5 trillion.
Why USDT Dominates Transactions
USDT is a stablecoin, pegged 1:1 to the US dollar. Traders prefer USDT for its:
- Low volatility (ideal for daily transactions)
- Fast global transfers with minimal fees
- Compatibility with major exchanges
👉 Learn how to buy USDT securely
Step-by-Step: Transferring USDT from Indodax
Prerequisites
- An active Indodax account
- Sufficient USDT balance
- Target exchange wallet address (copied correctly)
Detailed Instructions
- Log in to Indodax and search for "USDT" in the trading dashboard.
- Click "Deposit/Withdraw USDT" → Select "Send USDT" tab.
Fill in transfer details:
- Network: Choose ERC-20, TRC-20, or BEP-20 (must match target exchange’s network)
- Amount: Minimum 10 USDT (Indodax deducts a 1 USDT fee; e.g., sending 21 USDT delivers 20 USDT).
- Wallet Address: Paste the recipient’s address.
- Confirm and click "Send". Transfers typically complete within 5–30 minutes.
Pro Tips
- Double-check the network compatibility to avoid lost funds.
- Use TRC-20 for lower fees (if supported by the recipient).
FAQs
Q1: Can I send other cryptocurrencies from Indodax?
Yes! Indodax supports BNB, BUSD, and others via the same process.
Q2: Why is my USDT transfer delayed?
Delays may occur due to:
- Network congestion
- Recipient exchange processing times
Q3: What if I sent USDT to the wrong network?
Contact Indodax support and the recipient exchange immediately. Recovery isn’t guaranteed.
Final Notes
Indodax simplifies crypto transfers for Indonesian traders. Always verify wallet addresses and networks before sending. For advanced trading strategies, consider platforms like OKX, which offer multi-chain support and competitive fees.