Buying PAX Gold in Indonesia with rupiah

The quick answer

Yes, you can buy PAX Gold in Indonesia directly with rupiah. As of 12 October 2026, three OJK-licensed crypto traders run a PAXG/IDR market: Pintu, Indodax and Bittime. A fourth, Tokocrypto, lists PAXG against stablecoins and bitcoin but not against rupiah. Buying on any of them falls under the lower 0.21% final tax on sales, rather than the 1% rate for offshore platforms.

PAXG is a token issued by Paxos Trust Company, N.A., a US national trust bank supervised by the Office of the Comptroller of the Currency (OCC). One PAXG represents one fine troy ounce of a London Good Delivery bar in LBMA vaults in London. Our PAX Gold explainer covers the basics, and the live card above shows the current rupiah price.

OJK, POJK 27/2024 and the asset list

The law. In January 2025 supervision of crypto trading moved from Bappebti, the commodity futures regulator, to the Otoritas Jasa Keuangan (OJK), Indonesia’s financial services authority. The transfer came from the P2SK Law (UU 4/2023). Crypto is now treated as a digital financial asset rather than a commodity, and the core rule is POJK 27/2024 on trading digital financial assets, including crypto assets.

The regulator’s structure. The system has layers. OJK licenses crypto traders, called PAKD (Pedagang Aset Keuangan Digital). Licensed exchanges, known as bursa, run the market infrastructure. Under POJK 27/2024 the bursa, not OJK directly, sets the list of crypto assets that traders may offer. The main bursa is CFX (PT Central Finansial X), which cut its list from 1,444 to 1,153 assets in 2025. ICEx became the second licensed bursa.

What that means for PAXG. Licensed traders may only offer assets on the bursa’s list, and several of them trade PAXG live. That strongly suggests PAXG is on the approved list. We say “suggests” because the CFX list runs to about 130 pages and we could not confirm the PAXG entry directly. You can search the CFX crypto asset list yourself.

Licensed traders. About 26 firms held a PAKD licence as of May–June 2026, including Indodax, Pintu, Tokocrypto, Reku, Bittime and Upbit Indonesia. Press reports give Indodax’s licence reference as S-18/D.07/2025, dated 1 February 2025. Pintu operates as PT Pintu Kemana Saja, and Tokocrypto as PT Aset Digital Berkat.

Platforms with PAXG/IDR

We checked listings on 12 October 2026. Pintu’s own API returned a live paxg/idr market, with a last price of about Rp 74.3 million. Indodax’s API returned a web page rather than data, so we relied on CoinGecko and CoinPaprika, which both showed PAXG/IDR with about $5,500 of daily volume. Bittime showed PAXG/IDR at about $14,000 a day on CoinGecko, plus a PAXG/USDT pair. Tokocrypto’s API listed PAXG against USDT, USDC, BTC and USD1, with no rupiah pair.

Reku is a puzzle. Its price API had no PAXG on 12 October 2026, yet a search result pointed to a PAXG-IDR trading page. We could not settle it, so Reku is not in the table. Upbit Indonesia showed no PAXG on CoinGecko.

Volumes on all rupiah books are modest next to global PAXG/USDT markets. For a few million rupiah that rarely matters. For a large order, compare the quoted price with the global price converted at the current USD/IDR rate, and split the order if the gap is wide. Our exchange guide explains how to judge depth.

The 0.21% final tax

PMK 50/2025, in force from 1 August 2025, simplified crypto tax. Sales through a domestic licensed platform carry a final PPh 22 tax of 0.21% of the transaction value. Sales through offshore platforms are taxed at 1%. Crypto is now treated like securities, so it is not subject to VAT (PPN), although VAT still applies to platform services and to mining. The Directorate General of Taxes explains the change on pajak.go.id.

Because the tax is final and based on the transaction value, it applies whether you made a profit or a loss. The difference between domestic and offshore is almost five-fold, which is a strong reason for Indonesian residents to buy and sell PAXG on a local licensed platform. This is not tax advice; check your own situation with DJP or a tax consultant.

PAXG next to Antam and Tabungan Emas

Indonesians have several ways to own gold. Antam Logam Mulia bars are the classic choice. Pegadaian’s Tabungan Emas lets people save in gold a little at a time. Since 2025 there are also bullion banks: BSI and Pegadaian. Demand has been strong. Antam sold 18.08 tonnes in the first half of 2026 and said in January 2026 that it could meet only 40–50% of demand. BSI traded about 4 tonnes of gold in 2025 and about 2.7 tonnes in the first two months of 2026.

Different kinds of gold claim

An Antam bar is metal you can pick up in Indonesia. PAXG is a claim on a specific LBMA bar in London, which you can look up by serial number.

Turning PAXG into metal works very differently from an Antam pickup. Paxos only delivers full London Good Delivery bars, with a 430-ounce minimum, to vaults in the UK. For almost everyone, PAXG is gold exposure you sell for rupiah rather than gold you collect. Our redemption and fees guide explains the details, and the gold backing page covers the vaults and monthly KPMG LLP attestations.

The unit conversion is simple. One PAXG holds 31.1035 grams of fine gold. As a dated example, Pintu’s Rp 74.3 million price on 12 October 2026 works out to about Rp 2.39 million per gram. Our gold calculator does this with live prices, which makes it easy to set against the day’s Antam price per gram.

Buying PAXG with rupiah

1. Choose an OJK-licensed app

   Pintu, Indodax or Bittime for rupiah; Tokocrypto if you already hold USDT. Our Pintu review and Indodax review compare them.

2. Verify your identity

   Licensed traders run KYC with your identity card (KTP) and link a bank account in your name.

3. Top up rupiah

   Deposit IDR by bank transfer or virtual account from your own bank.

4. Buy PAXG/IDR

   Example: Rp 2,000,000 buys about 0.027 PAXG at a Rp 74.3m price, before fees and spread.

5. Keep or withdraw

   Hold it in the app, or withdraw to your own wallet on Ethereum. Check the correct network and contract first.

The Ethereum contract is 0x45804880De22913dAFE09f4980848ECE6EcbAf78. Paxos also launched PAXG officially on Solana on 25 June 2026 but has not published the mint address on its blog, so confirm it on paxos.com before using Solana. Our wallet guide lists wallets that support PAXG.

Pros, cons and caution

Be wary of offers that sound like gold savings with a fixed return. PAXG itself pays no interest, and an app or group promising a set monthly yield on “PAX Gold” is taking a risk with your money somewhere else. Check every platform on OJK’s list before you deposit. For the issuer side, read our PAXG safety guide, and compare other markets on our country hub.