To protect the account and its member data, INDODAX (Indonesia Digital Asset Exchange) requires each member to verify the bitcoin wallet account for each member registered in indodex
The main reason why we need to verify bitcoin account is: so we can deposit and withdraw rupiah to Local Bank account in Indonesia.
It has been formally informed by Bitcoin Indonesia (INDODAX) on their web blogs, namely:
You need to verify and provide additional personal data if you wish to make a deposit and withdrawal. This additional measure is needed to prevent fraud and to comply with KYC regulations in accordance with current regulations in Indonesia. This data will also be used for self-verification in case of loss of mobile phone or change of address. At that time we will ask you to match the current data with the identity data you have already provided.
