It's a valid question to ask whether Indodax is legitimate or not. With the rise of cryptocurrency, many exchanges have emerged, both legitimate and illegitimate. So, it's important to do your research before entrusting your funds to any exchange.
To determine if Indodax is legitimate, you can start by looking at their regulatory status. Check if they are registered with a reputable financial authority and comply with relevant laws and regulations. Additionally, you can also read reviews and feedback from other users to get a sense of their reputation and reliability.
It's also important to consider the security measures in place at Indodax. Cryptocurrency exchanges are prime targets for hackers, so you'll want to ensure that they have robust security measures in place to protect your funds.
Overall, the legitimacy of Indodax will depend on a variety of factors, including their regulatory status, reputation, and security measures. So, it's important to do your due diligence before entrusting your funds to any exchange.