What is an active balance?
Active balance at Indodax is the amount of account balance (IDR) available in your account and can be directly used for various asset buying/selling trading activities, as well as withdrawal transactions.
Why is Active Balance Important?
Your active balance is important because it determines your ability to trade. When you want to buy or sell digital assets, your active balance is the main resource used. Here are some reasons why an active balance is important:
- Ability to Trade: To make a buy or sell transaction on Indodax, you need an active balance. Without sufficient balance, transactions cannot be processed.
- Fund Security: Knowing how much active balance you have helps you manage risk and plan your investment strategy.
- Withdrawal: Active balance is also used when you want to make a withdrawal to your bank account.
How to Check Active Balance on Indodax?
To check your active balance on Indodax, follow these steps:
- Login to your account via Indodax website or app
- Open the dashboard page and navigate to the 'Wallet' page
- If you log in via the Indodax website, it will say 'Account Balance (IDR)' while if you log in from the Indodax application, please type 'IDR' in the search field, it will automatically display the active balance / rupiah balance that you can transact or withdraw to the destination bank account.