Buying Ethereum on Binance from Indonesia: OJK Has Blocked Binance, and the Licensed Route Through Tokocrypto Starts Near Rp20,000

What OJK actually published

The Satgas PASTI press release of June 22, 2026 says crypto trading may only be carried out by parties that are registered and licensed by OJK. It reports that the task force stopped 228 illegal digital asset traders between January and May 2026.

The attachment is titled "list of digital asset trader entities that have been blocked". Its first entry is Binance, with these addresses:

• binance.com/id
• two Google Play listings
• one App Store listing

The same attachment also lists Binance TR, Bitget, OKX, Bybit, KuCoin and Coinbase. This is a wide action against foreign platforms that do not hold an Indonesian licence. It has nothing to do with the October hack, because the list came out four months earlier.

OJK repeated the point this summer.

This guide does not explain how to get around that block. We give no VPN, foreign-document or similar instructions, for any platform.

Why Tokocrypto is the Binance-linked option

Two Indonesian outlets describe the connection in similar terms. Investortrust wrote in July that Binance has a strategic affiliation through its investment in Tokocrypto, and that Tokocrypto is licensed and supervised by OJK. Katadata says Tokocrypto operates through PT Aset Digital Berkat and has ties to the Binance ecosystem.

PT Aset Digital Berkat also appears in the list of 26 licensed traders that Investortrust printed when Luno joined in May 2026. Tokocrypto's own home page calls it an exchange supervised by OJK.

That affiliation has limits. A Tokocrypto account is a separate account on a separate platform, and the prices and order book below are Tokocrypto's own. The ETH/IDR volume is far smaller than Binance's global ETH/USDT market, which we measure further down.

How to buy ETH on Tokocrypto, step by step

We could read Tokocrypto's public pages and market data, but its help centre refused our request. So these steps stick to what the site itself shows and what its market rules say.

1. Check the licence yourself. OJK's press release links its own register of licensed traders. Look for PT Aset Digital Berkat. Do this before you enter any personal data, and reach the site by typing the address rather than following an advert or a chat message.
2. Register. The home page has Daftar (register) and Masuk (log in) buttons, with iOS and Android apps. Expect identity checks. We could not read the current list of required documents.
3. Add rupiah. The wallet menu is called Dompet. We could not confirm the current deposit methods, limits or fees, so read those on the deposit screen before you send money.
4. Choose a screen. The menu shows Beli/Jual (buy/sell) and Pertukaran (the exchange, with an order book). Beli/Jual suits a first small purchase. Pertukaran lets you set a price.
5. Enter the ETH/IDR order. Use the amounts in the next section as a guide. Your order must meet the Rp20,000 minimum.
6. Decide where the ETH stays. You can hold it on the platform or withdraw it to a wallet you control. Send a small test amount first, and confirm that the receiving wallet supports the network you pick.

What your rupiah buys today

ETH fell hard over the past day, as we reported when it broke below $2,100. Tokocrypto's public ETH/IDR ticker at 14:54 SGT showed a last price of Rp38,193,885, down 5.44% over 24 hours. The 24-hour range ran from Rp37,586,182 to Rp40,648,221, a gap of about 8.1% from low to high.

The order rules come from Tokocrypto's public symbol data for ETH_IDR. The arithmetic is ours.

The third row trips people up. Because a limit order moves in steps of 0.0001 ETH, 0.0005 ETH comes to only about Rp19,097, which is under the minimum. You need 0.0006 ETH.

The range shows why timing mattered yesterday. Rp1,000,000 bought about 0.0246 ETH at the 24-hour high and about 0.0266 ETH at the low, a difference of roughly 0.002 ETH in one day.

How thin the rupiah market is

Tokocrypto's ETH/IDR pair traded 85.94 ETH in 24 hours, worth about Rp3.35 billion, across 861 trades. On Binance's global market, the ETH/USDT pair traded about 273,844 ETH in the same period, at a last price of $2,113.97.

For a small purchase this hardly matters. At 14:54 SGT the best bid was Rp38,191,371 and the best ask Rp38,228,503, a gap of about 0.10%. A larger order is different. With 85.94 ETH of daily volume, a market order for several ETH could take a meaningful share of the day's trading, and it may fill at worse prices as it moves through the order book. A limit order gives you control over the price you pay, at the risk of not filling. That reading is ours.

Fees

We cannot give you a Tokocrypto fee rate. The fee pages we tried returned a 404, and the site's menu shows the label "0 Fee" next to Beli/Jual without terms we could read. Before you buy, enter the same rupiah amount on both Beli/Jual and Pertukaran, then compare how much ETH each screen says you will receive. That number already reflects the costs that matter to you.

If you already have a Binance account

Neither the press release nor the attachment says what happens to accounts that Indonesian residents already hold. OJK's document concerns blocking platforms. It gives no instructions for existing customers, and we will not guess at them.

Two practical points still apply. First, Binance is working through the aftermath of its October 29 theft. Withdrawals have been coming back in stages, and PANews reported on November 9 that Binance Alpha had restored withdrawals on BSC, Ethereum, Base and Arbitrum, with more assets to follow after security checks. That report covers Binance Alpha, so check the withdrawal screen for your own asset and network. Odaily's reserve report gives one measure of how customers reacted. CryptoQuant data cited by Odaily shows Binance's ETH reserves fell from about 3.48 million to 3.08 million around the hack. An outflow is not the same as a loss. See our running report on the theft for the wider picture.

Second, watch for fake help. The OJK release warns about unlicensed offers that promise fixed returns, multiplied bonuses or passive income with no risk, and about remote-access scams in which a caller asks you to share your screen or install an app. OJK's Indonesia Anti-Scam Centre received 579,459 reports between November 22, 2024 and May 31, 2026. It blocked about Rp638.9 billion of victims' money and returned Rp196.93 billion, so about 31% of the blocked money had gone back by then (our arithmetic). Anyone offering to "unblock" your Binance access or pay Binance compensation through a private message fits that pattern. Use only official channels.

If you live outside Indonesia

The block described here applies to Indonesia. Where Binance operates legally, its help page on P2P buying shows one route: log in to the app, tap Add Funds, then choose P2P Trading and pick the Express or P2P zone. Binance says it provides escrow for those trades. Confirm that the service is open in your country before you register.

Quick answers

Is it illegal for me to hold ETH?

OJK's release is aimed at platforms and at who may offer trading. It does not say that holding ETH is illegal, and it tells the public to confirm that an asset appears on the official crypto asset list. ETH/IDR is an active pair on licensed Tokocrypto.

Is Tokocrypto the same as Binance?

No. Indonesian media describe Binance as an investor and affiliate. The operating company is PT Aset Digital Berkat, and your account and funds sit with that platform.

What is the least I can spend?

The ETH/IDR rules set a Rp20,000 minimum order value. A limit order at today's price needs at least 0.0006 ETH, about Rp22,916. The Beli/Jual screen may apply its own minimum, which we could not check.

Are Bitget or OKX any different?

Both appear on the same OJK attachment. Our answer for Indonesia is the same: look for a trader on OJK's licensed list.

What we could not verify

OJK's April 2026 register PDF is a scanned image that our tools could not read as text, so the licence check here relies on Investortrust's published list and Tokocrypto's own statement. We could not open Tokocrypto's help centre or fee schedule. We did not place a purchase or withdrawal. We found no OJK statement on existing Binance accounts held by Indonesian residents.