If you're new to the world of crypto assets, you might be wondering, "How long does it actually take to successfully buy a coin on Indodax?"

The answer depends on the order method you use. Once your Rupiah balance is deposited, you can choose between two main methods to buy an asset. Understanding the difference is key to ensuring your transaction goes as expected, in terms of both speed and price.

1. Instant Buy with a Market Order

A Market Order (also known as a Market Taker) is the fastest way to buy or sell a crypto asset at the best available price on the market at that moment.

Process: Your transaction will be completed instantly, within seconds.

How It Works: The system automatically matches your buy order with the lowest available sell price in the order book.

Wait Time: Virtually none, as long as there are sellers in the market.

Best For: Anyone who wants to get the coin immediately and isn't too concerned about slight price fluctuations.

2. Planned Buy with a Limit Order

A Limit Order (also known as a Market Maker) allows you to set the specific price at which you want to buy or sell an asset.

Process: You set your ideal price, and your order is placed in the order book to wait.

How It Works: The transaction will only execute if the market price moves to and matches the price you set.

Wait Time: There is no definite estimate. It could take minutes, hours, days, or it might never be filled if the market price never reaches your target.

Best For: Anyone who has a specific price target and is willing to wait to get a better price.

Note: 
There's also the Stop Limit Order, a more advanced type of Limit Order used for specific trading strategies, like limiting potential losses.