Why this matchup

Both platforms market quick IDR rails, yet neither is licensed locally. Traders default to P2P or third-party gateways, meaning custody and regulatory protection are limited. Treat both as grey/illegal in Indonesia and size positions accordingly.

Test plan to de-risk

  1. Inbound: Attempt a 1–2M IDR P2P purchase on each platform. Measure spread versus mid-price and note any KYC prompts beyond level-1.
  2. Outbound: Sell the same size back to IDR within 24 hours. Track counterparty availability and release times.
  3. Custody window: Keep a small USDT balance (≤100 USDT) parked for 72 hours. Confirm withdrawal to self-custody remains available and note any cooling-off delays.

Signals to monitor weekly

Actionable next step

Run the above tests with minimum size on both platforms before scaling. If either route forces enhanced verification or stalls payouts, downgrade it to “test-only” status and keep larger balances off-platform.

Evidence to re-check