Submit a request Sign in
 
Logo Logo
Categories
Submit a request
Sign in
Indodax Academy Blog Indodax INDODAX.COM

Can I Withdraw My Digital Assets to My Personal Bank Account?

  1. INDODAX
  2. Withdraw Rupiah
  3. Withdraw Rupiah

browse

No, it is not possible to directly withdraw your digital assets to your personal Rupiah account. This limitation exists because withdrawals can only be made in Rupiah from your Rupiah balance. If you have digital assets or if your assets are frozen and only reflected as estimated asset value, you will need to sell your digital assets on the market first to obtain a Rupiah balance. Another option is to check the status of your frozen assets to ensure that the sale of your assets or your previous withdrawal has been processed and completed before proceeding.

What is the difference between Active/Rupiah Account balance, estimated asset value, estimated Rupiah value, digital asset balance, and frozen balance?

The wallet displays on the website.

937fa54b-7d34-4a18-91bc-15330d861f06

  • (A) Active/Rupiah Account balance refers to the total assets in Indonesian Rupiah that you can withdraw to your bank account with a minimum of Rp 100,000.
  • (B) Digital asset balance represents the overall total of assets you possess in the form of digital assets (tokens/coins).
  • (C) Estimated asset value is an approximate value of the total assets you own in Indonesian Rupiah.
  • (D) Estimated Rupiah value is an estimated value of each asset you own in Indonesian Rupiah.
  • (E) Frozen balance refers to the balance that is currently not available for trading or withdrawal because you have used it in a previous buy/sell order of digital assets. The same can also apply to the process of withdrawing Rupiah/digital assets. (Click here for more information on frozen balances.)

The wallet displays on the Application.

Refund EN1 (1).png

ce280b30-23d3-4e11-93f6-f58f67c399cb

What if the digital asset I have is not in the form of Rupiah?

Indodax has several markets that only use pairing other than Rupiah. Therefore, if you previously made a purchase on a digital asset that only uses pairing other than Rupiah, you need to sell that asset first on the respective market to convert your digital asset into that respective currency. Once you have that currency, you can then sell it on the respective market to convert your selected currency asset into an active Rupiah balance. 

    Articles in this section

  • Can I withdraw my entire Rupiah (IDR) balance, or do I have to leave a certain amount in the account?
  • Does Indodax Offer Withdrawals in USD?
  • Can I Withdraw Rupiah to a Virtual Account on Indodax?
  • How to Avoid SMS OTP Fees When Withdrawing Rupiah?
  • Rupiah Withdrawal Processing Time
  • Can I see the bank accounts registered with Indodax?
  • Is it safe to put my bank account number into my Indodax account?
  • When adding a SeaBank account for withdrawals, do I need a bank account number or can I use a phone number/e-wallet ID?
  • Why is there an administrative fee of IDR 10,000 for every rupiah withdrawal?
  • Can I make rupiah withdrawals using Bank Mandiri?

Related articles

  • Frozen IDR/Digital Asset Balance in Transaction History: What You Need to Know?
  • How to Withdraw Digital Asset to Another Wallet?
  • How to Withdraw Rupiah Balance From My Indodax Account
  • How to Contact Indodax?
  • Why is my order pending for days?

Promoted articles

  • BCA Virtual Account Payment Guideline
  • Frequently Asked Questions (FAQ) of Alarm Price Feature

Was this article helpful?


Have more questions ? Submit a Request
×
Logo
English (United States) Bahasa Indonesia 简体中文
Indodax.com © 2022