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

  1. INDODAX
  2. Rupiah
  3. Withdraw

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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.

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  • (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.

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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

  • What should I do when failing to make a rupiah withdrawal with the notification “too many code requests”
  • Why is there a frozen balance in my Indodax account but no coin order history in Indodax account?
  • Why was my rupiah withdrawal rejected even though the account name and account name of the recipient of the funds are the same?
  • Why when making a rupiah withdrawal am I charged Rp 11,000 when the information stated that the withdrawal fee is Rp 10,000?
  • How many bank accounts can I store in my Indodax account in the rupiah withdrawal menu?
  • Is it possible to withdraw rupiah to an account not in the member's own name?
  • Can I send IDR balance to other Indodax members?
  • Why can't I make a withdrawal with a failed notification “Your Indodax App PIN is invalid”?
  • Why does the notification appear 'Invalid Indodax application PIN. Please do the verification process again and make sure all the required information is correct' when making a rupiah withdrawal transaction?
  • I am unable to withdraw Rupiah because the registered phone number is no longer active. What should I do?

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
  • What are the details of rupiah withdrawal on Indodax?
  • How to contact Indodax?

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