Digiassetindo Crypto Exchange Review: Is It Safe or a Risky Bet?
30 May 2025
Digiassetindo Crypto Exchange Review: Is It Safe or a Risky Bet?
If you're looking to buy Bitcoin or Ethereum in Indonesia, you've probably come across Digiassetindo. It pops up in search results, has a clean-looking website, and promises a simple way to trade crypto with Indonesian Rupiah. But here's the real question: is it trustworthy, or are you walking into a trap?
The short answer? Digiassetindo operates without any official license. It’s not registered with Indonesia’s Financial Services Authority (OJK) or its crypto regulator, Bappebti. That alone should raise red flags. In a country where over 11 million people trade crypto and the government has cracked down on unlicensed platforms, this isn’t just a small oversight - it’s a major risk.
Why Regulatory Status Matters More Than a Pretty Website
Most people judge crypto exchanges by how easy they are to use. Digiassetindo’s app looks fine. It has 2FA, a login screen, and supports IDR deposits. But none of that matters if the company isn’t legally allowed to operate.
Indonesia requires all crypto exchanges to register with Bappebti. As of October 2025, only 13 exchanges hold that license. Names like Indodax, Tokocrypto, and Pintu are on that list. They’re required to keep customer funds separate from company money, report reserves monthly, and carry insurance. Digiassetindo? Nothing. No public proof of reserves. No audit reports. No transparency.
Compare that to Indodax, which has over 3.5 million users and publishes monthly proof-of-reserves. Or Pintu, which has more than 100,000 Google Play reviews and a 4.5-star rating. Digiassetindo has zero recent reviews. The last user comments on its Android app are from 2021. That’s not a sign of success - it’s a sign of abandonment or worse.
Trading Volume? Untracked. User Base? Nearly Invisible
CoinMarketCap lists Digiassetindo as an “Untracked Listing.” That means they don’t have enough verified trading data to even show volume. Why? Because legitimate exchanges report their activity. Digiassetindo doesn’t. Not to CoinMarketCap. Not to regulators. Not even to users.
Indonesia’s crypto market hit $12.7 billion in trading volume in Q2 2025. That’s real money flowing through licensed platforms. Digiassetindo isn’t part of that. It’s invisible in the data. No one’s talking about it on Reddit, Twitter, or Indonesian forums. No news outlets mention it. No analysts cover it. It’s as if the platform doesn’t exist - except for its website, which still loads.
That’s a classic warning sign. Unregulated exchanges often disappear after a few years. They attract users with easy sign-ups, then vanish with the funds. DataVisor’s 2025 report found that 73% of unlicensed crypto exchanges in Asia shut down in exit scams between 2022 and 2024. Digiassetindo fits the profile: low visibility, no regulation, no recent activity.
Security Claims Don’t Add Up
The platform says it uses “secure connections” and requires 2FA. That sounds good - until you dig deeper.
One user from 2021 complained that every time they opened the app, they had to log in again and re-enter their 2FA code. That’s not security - that’s bad engineering. Legitimate exchanges use session tokens, encrypted cookies, and biometric login. Constant re-authentication suggests weak infrastructure or possible phishing risks.
There’s also no public information about cold storage. How much of your Bitcoin or Ethereum is stored offline, away from hackers? Indodax keeps over 95% of assets in cold wallets. Digiassetindo? No numbers. No disclosures. You’re trusting them with no proof.
And what about customer support? Their only contact is an email: [email protected]. No live chat. No phone. No Indonesian-language support. If your funds get stuck, or your account is frozen, who do you call? There’s no answer.
What About the Competition?
There are better, safer options in Indonesia - and they’re not hard to find.
- Indodax: The largest exchange in the country, regulated by Bappebti, with monthly reserve proofs and 3.5 million users.
- Pintu: Easy to use, highly rated on Google Play, supports IDR deposits, and has a strong local support team.
- Tokocrypto: Backed by Binance, fully compliant, with institutional-grade security and 24/7 support.
All of them are licensed. All of them report their reserves. All of them have active user communities. Digiassetindo has none of that.
Even if you’re new to crypto, you don’t need to gamble on an unregulated platform. The regulated ones are just as easy to use. They just happen to be safer.
The Bottom Line: Don’t Risk Your Money
Digiassetindo might look like a normal crypto exchange. But appearances are misleading. It lacks the most important thing: legal backing. No license. No transparency. No user activity. No security proof. No future.
If you’re serious about trading crypto in Indonesia, use a platform that’s been vetted by the government. Use one that publishes its reserves. Use one where other people are actually trading.
There’s no benefit to using Digiassetindo. No lower fees. No better coins. No faster withdrawals. Just risk.
Save yourself the stress. Choose a licensed exchange. Your crypto - and your peace of mind - will thank you.
Is Digiassetindo a scam?
Digiassetindo hasn’t been officially labeled a scam by Indonesian authorities or global agencies like the SEC or Interpol. But it exhibits all the warning signs: no license, no transparency, no recent user activity, and no proof of funds. Many unregulated exchanges disappear after collecting deposits - a pattern known as an “exit scam.” Digiassetindo’s lack of updates since 2021 and absence from official registries make it a high-risk platform, not a reliable one.
Can I withdraw my crypto from Digiassetindo?
There’s no public record of users successfully withdrawing from Digiassetindo in recent years. The last user reviews date back to 2021, and none mention withdrawals. Legitimate exchanges make withdrawal processes transparent and documented. Digiassetindo offers no such proof. If you deposit funds, there’s no guarantee you’ll be able to take them out later.
Why doesn’t Digiassetindo have a license?
Indonesia’s Bappebti requires all crypto exchanges to register, pass audits, and meet strict security and financial requirements. Digiassetindo has never applied or been approved. It’s not on the official list of 13 licensed exchanges as of October 2025. Without a license, it’s operating illegally - and that puts your money at risk.
Is Digiassetindo still active?
As of October 2025, the website is still accessible, but there’s no evidence of real activity. Trading volume is untracked, user reviews are from 2021, and there are no recent updates, blog posts, or support responses. This suggests the platform is either inactive, barely maintained, or preparing to shut down - common signs of a failing or scam exchange.
What should I use instead of Digiassetindo?
Use licensed exchanges like Indodax, Pintu, or Tokocrypto. All three are registered with Indonesia’s Bappebti, publish monthly reserve reports, offer Indonesian-language support, and have millions of active users. They’re safer, more reliable, and legally protected. There’s no reason to risk your money on an unregulated platform when better options exist.
Bruce Bynum
November 1, 2025 AT 14:23Wesley Grimm
November 3, 2025 AT 05:35David Roberts
November 5, 2025 AT 00:23Monty Tran
November 5, 2025 AT 18:55