Tokocrypto Review 2024

Our veredict

Tokocrypto is a centralized cryptocurrency exchange based in Indonesia, founded in 2017. It has quickly gained traction due to its strong regulatory compliance, being the first exchange registered with Indonesia’s Commodity Futures Trading Regulatory Agency (BAPPEBTI). Supported by Binance, Tokocrypto benefits from robust technology and security measures, making it a secure choice for both novice and experienced traders. The exchange offers over 350 cryptocurrencies for trading and provides competitive fees at 0.10% for both makers and takers, which is below the industry average.

However, Tokocrypto does have some drawbacks. It requires KYC verification, which may be a barrier for those seeking privacy. Additionally, while it offers a broad range of major cryptocurrencies, it may not be ideal for those looking to trade more obscure altcoins. Overall, Tokocrypto is highly recommended for users in Southeast Asia due to its localized services and strong security framework, but potential users should be aware of its regulatory and privacy limitations.

Pros

Government Regulation: Tokocrypto is the first exchange in Indonesia to be officially registered with the Commodity Futures Trading Regulatory Agency (BAPPEBTI), ensuring compliance and security.
Educational Resources: Tokocrypto provides an education section for beginners, enhancing user knowledge and confidence in trading.
Low Trading Fees: The platform charges a competitive flat fee of 0.10% for both makers and takers, which is below the industry average.

Cons

3,5

Threenvest Score

Fees

0.10% per transaction

U.S Legal

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Why choose Tokocrypto?

Tokocrypto stands out as a compelling choice for cryptocurrency traders, particularly in Southeast Asia. First, its competitive trading fees, set at 0.10% for both makers and takers, are below the industry average, providing significant cost savings over time. This makes Tokocrypto an attractive option for active traders who seek to minimize their transaction costs.

Furthermore, Tokocrypto’s robust regulatory framework enhances its credibility. As the first exchange in Indonesia to be officially registered with the Commodity Futures Trading Regulatory Agency (BAPPEBTI), it adheres to stringent standards for security and operational integrity. This regulatory compliance ensures that Tokocrypto operates transparently and maintains high levels of security, which is crucial for users who prioritize safety and reliability.

Additionally, Tokocrypto benefits from a strong partnership with Binance, one of the world’s leading cryptocurrency exchanges. This collaboration has significantly boosted Tokocrypto’s technological capabilities and market reach. The backing from Binance not only enhances the platform’s security and functionality but also provides users with access to a wide range of cryptocurrencies and advanced trading features. For users in Southeast Asia, Tokocrypto’s localized services, including customer support in regional languages and local payment methods, make it a highly convenient and user-friendly option.

Xavier Tarrasó

EIP and Cryptocurrency Investor

As an expert in the crypto market, I highly recommend Tokocrypto for its robust security measures and competitive trading fees. Backed by Binance, it offers a reliable platform with a wide range of cryptocurrencies to trade, making it ideal for both beginners and seasoned traders. Moreover, its strong regulatory compliance in Indonesia adds an extra layer of trust and safety for users. If you’re looking for a cost-effective and secure exchange, Tokocrypto is a solid choice.

How do we review crypto exchanges?

At Threenvest, we conduct a thorough review process to evaluate and rank the world’s leading crypto exchanges. Our goal is to offer an unbiased assessment, providing you with the information you need to make informed decisions on which ones best suit your needs. We strictly adhere to the guidelines of our editorial policy.

We collect data directly from exchanges through detailed questionnaires and conduct first-hand testing and observations during crypto exchange demonstrations. Questionnaire responses, combined with demonstrations and hands-on research from our experts, feed into our proprietary evaluation process that scores each provider’s performance on more than 15 factors. The end result produces star ratings ranging from poor (one star) to excellent (five stars).

For more details on the categories considered when rating brokers and our process, read our full methodology.

Risk Disclaimer

Investing in cryptocurrencies is very risky, you should only invest the money you are willing to lose. Also you should not expect to be protected if something goes wrong.

Neither Threenvest, nor the author, are recommending you to invest with this article.

Alejandro Borja Fuentes

Economist | Cryptocurrency exchange analyst

The author of the review

Alejandro Borja is an accomplished economist with a distinguished career spanning various facets of the financial industry. His academic journey began with a degree in Economics, laying the foundation for his deep understanding of financial markets.

Over the years, Alejandro has honed his skills by working with some of the largest financial media outlets, analyzing and reporting on economic trends and investment opportunities. His expertise in financial analysis has made him a respected voice in the economic community.