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Independent Reserve Review

Last Updated on May 16, 2024

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Written by
Adam Headshot
Edited by
Independent Reserve logo
Crypto Head Rating
Our review is based on the spot trading platform. Please check our methodology on how we rate exchanges for further information.
Visit Independent Reserve

The Bottom Line Our review is based on the spot trading platform. Please check our methodology on how we rate exchanges for further information.

Independent Reserve is a platform dedicated to efficiency and quality service. It supports several selected cryptocurrencies, including some of the top cryptos based on market cap, which gives its users a lot of leeway for growth and adventure.

The platform also offers sophisticated trading tools, heightened security protocols, and good customer support. Its users can rest assured that its highly automated process keeps their funds safe in the crypto space.

Table of Contents
Disclaimer: This is not a validation of cryptocurrency or any particular provider, service, or product. It should not be taken as advice to engage in trading or use any services. Please check our terms and conditions.

Featured In

AUSTRAC Registered This exchange is registered with AUSTRAC. Digital currency exchange providers in Australia are required to be registered with AUSTRAC. This ensures they must comply with relevant AML and CTF laws or risk facing heavy penalties. You can read more about this on AUSTRAC's website. This registration should not be viewed as an official endorsement or guarantee of services.


  • Good reputation
  • Advanced charting features for experienced traders
  • Good security measures
  • Insurance on crypto assets


  • No 24/7 customer support
  • Fees can be relatively high for small trades
  • Limited payment options
  • Limited cryptocurrencies available

Quick Summary

Headquarters Location Sydney, Australia
Fiat Currencies Supported USD, AUD, NZD + 1 other
Total Supported Cryptocurrencies 28+
Trading Fees 0.26% - 0.50%
Deposit Methods Bank Transfer, Debit Card, Credit Card, Cryptocurrency, Osko, PayID, Paypal
Support Facebook, Twitter, Help Center Articles, Support Ticket
Mobile App Yes - iOS, Android

Independent Reserve stands out as a great digital currency exchange option in Australia. Its platform caters to individual traders, businesses, and self-managed super funds (SMSFs) thanks to an intuitive user interface that facilitates relatively quick deposit methods and competitive fee structures.

Independent Reserve homepage

The Independent Reserve app’s mobility affords users seamless access while on the move, making it even easier for traders to manage their digital assets wherever they are.

Furthermore, the platform is recognised for its open order book trading, which serves consumer traders and institutional investors, making Independent Reserve a versatile platform for all users.

About Independent Reserve

Independent Reserve, founded by Adrian Przelozny and Adam Tepper in 2013, made its mark as one of the pioneers in the Australian Bitcoin exchange landscape. With Przelozny at the helm following the untimely passing of Tepper in 2015, the platform has continued to make strides in the cryptocurrency space.

In 2020, Independent Reserve expanded its reach to Singapore, securing approval from the Monetary Authority of Singapore for offering digital assets and payment token services. This strategic move was soon followed by the acquisition of Bitcoin.com.au in 2023, further bolstering Independent Reserve’s market presence.

Independent Reserve features

Independent Reserve has a number of active social profiles including Facebook, Twitter, Instagram, LinkedIn, Reddit, TikTok and YouTube.

Independent Reserve has a mobile app on both the Apple App Store and Google Play.

Independent Reserve Supported Cryptocurrencies

Independent Reserve supports trading on over 28 cryptocurrencies on their platform. This exchange currently supports 15 of the top 30 market cap cryptocurrencies.

  • Bitcoin (BTC)
  • Ethereum (ETH)
  • Tether USDt (USDT)
  • BNB (BNB)
  • Solana (SOL)
  • XRP (XRP)
  • Dogecoin (DOGE)
  • Toncoin (TON)
  • Cardano (ADA)
  • Avalanche (AVAX)
  • Shiba Inu (SHIB)
  • Polkadot (DOT)
  • Chainlink (LINK)
  • TRON (TRX)
  • Bitcoin Cash (BCH)
  • NEAR Protocol (NEAR)
  • Polygon (MATIC)
  • Litecoin (LTC)
  • Pepe (PEPE)
  • Internet Computer (ICP)
  • Uniswap (UNI)
  • Dai (DAI)
  • Ethereum Classic (ETC)
  • Aptos (APT)
  • Render (RNDR)
  • Hedera (HBAR)
  • Immutable (IMX)
  • Mantle (MNT)

Trading Experience

A varied community of users regards Independent Reserve as one of the top crypto exchanges in Australia, with competitive trading fees. It provides an intuitive platform and great exchange that serves those new to trading Bitcoin and other cryptocurrencies and more experienced traders who require a sophisticated investment platform with extensive functionality.

For Australians, Independent Reserve enhances their entry into cryptocurrency trading with its FastTrack account option, allowing swift transfers of customer funds and speedy access to start trading activities. The exchange’s OTC (over-the-counter) trading desk provides valuable service to institutional clients and high-net-worth investors, enabling them to execute large-scale transactions efficiently.

This crypto exchange enriches experienced cryptocurrency traders’ strategies through advanced tools such as TradingView charts and a detailed JSON API called AirbridgeTM. Its highly regarded mobile app facilitates user engagement in crypto markets while on the move, streamlining the process for investors wishing to conduct active trade from anywhere at any time.

Automated Trading Tools

Independent Reserve offers AutoTrader, a system designed to simplify the process of cryptocurrency trading by enabling users to implement automated cryptocurrency trading strategies seamlessly.

The platform’s AutoTrader function includes a variety of ready-made strategy templates. This selection encompasses strategies like dollar cost averaging in the Independent Reserve’s comprehensive strategy library. It allows traders to select an automated approach that aligns with their specific trading objectives, including the well-regarded dollar cost average method.

Independent Reserve exchange marketing

Independent Reserve Fees

The exchange offers competitive fees if you have an Independent Reserve account. This makes Independent Reserve an excellent starting point for trading crypto.

International traders will benefit from the platform’s advantageous exchange rates on its array of supported fiat currencies. This element enhances multi-currency trading opportunities and significantly enriches the overall user experience with this exchange platform.

Withdrawal Methods

When it comes to withdrawals from Independent Reserve, users also have multiple payment methods at their disposal. If you have an Australian bank account, withdrawing funds can take one day. Conversely, international account holders using SWIFT for withdrawal should anticipate transaction times between two and three business days, which also applies to non-USD currency withdrawals.

Type Fee
Deposit Fee (Bank Transfer - Osko, PayID) $0 - $15
Deposit Fee (Credit/Debit Card) $0 - $15
Trading Fee 0.26% - 0.50%
Withdrawal Fee (Bank Transfer) 0% - $25

Independent Reserve supports a range of different cryptocurrencies with varying withdrawal fees. When looking at Bitcoin, their withdrawal fee is 0.0003 BTC. The average across all other exchanges that we've reviewed is 0.000409 BTC. This means Independent Reserve charges below the industry average by 26.71%.

Independent Reserve has a maker/taker fee schedule which you can see below.

AUD volume Fees
0 0.50%
$50,000.00 0.48%
$100,000.00 0.46%
$200,000.00 0.44%
$300,000.00 0.42%
$400,000.00 0.40%
$500,000.00 0.38%
$600,000.00 0.36%
$800,000.00 0.34%
$1,000,000.00 0.32%
$1,200,000.00 0.30%
$1,400,000.00 0.28%
$1,600,000.00 0.26%
$1,800,000.00 0.24%
$2,000,000.00 0.22%
$2,500,000.00 0.20%
$3,000,000.00 0.18%
$3,500,000.00 0.16%
$4,000,000.00 0.14%
$4,500,000.00 0.12%
$5,000,000.00 0.10%
$10,000,000.00 0.08%
$15,000,000.00 0.07%
$30,000,000.00 0.06%
$50,000,000.00 0.05%
$100,000,000.00 0.04%
$150,000,000.00 0.03%
$200,000,000.00 0.02%

Security - Is Independent Reserve Safe?

Affiliated with AUSTRAC and adhering to anti-money laundering standards, Independent Reserve is an exchange that guarantees the lawful operation of user funds, instilling a higher degree of credibility.

For safeguarding accounts against brute force attacks, the platform incorporates several security mechanisms like other cryptocurrency exchanges, such as:

  • Google Authenticator or SMS-based two-factor authentication as part of their verification process
  • Personalised passwords along with duress password options
  • Notifications for access from unfamiliar IP addresses
  • Verification processes for email and phone contacts during account recovery to maintain prompt alerts on account transactions
  • Presence of external auditors
  • Regular penetration testing

This rigorous approach toward securing user interests in crypto assets underscores Independent Reserve’s dedication to asset safety and has been recognised favorably in reviews.

Independent Reserve Customer Support

At Independent Reserve, customer and support service is a high priority. The support team responds promptly, with most inquiries being addressed within 24 hours.

Independent Reserve maintains regular interaction with its user base through multiple social media platforms. This diverse online presence affords users various avenues to communicate with the support team according to their individual preferences.

To this accessible communication approach, Independent Reserve places a strong emphasis on safeguarding customer communications. Encryption secures all interactions while continuous surveillance of their support infrastructure guards against any potential threats, thereby enhancing security measures for customers’ peace of mind.

Independent Reserve support

Independent Reserve Support Channels

  • Facebook
  • Twitter
  • Instagram
  • Live Chat
  • Help Center Articles
  • Support Ticket

How to Sign Up on Independent Reserve

  1. Create Account - Visit the Independent Reserve website and fill out the create account form. You'll need to include a valid email, set your password and type in other details like your phone number and name.
  2. Verify Account - Confirm your email, you should get an email asking you to verify your account creation.
  3. Transferring Funds - Once your account has been verified, you'll be able to deposit using the deposit methods listed below.
  4. Start Trading Crypto - That's it! You should now have everything in place to start trading.

Deposit Methods

  • Bank Transfer
  • Debit Card
  • Credit Card
  • Cryptocurrency
  • Osko
  • PayID
  • Paypal
  • Apple Pay
  • Google Pay

Independent Reserve Alternatives

Swyftx logo


Crypto Head Rating
Our review is based on the spot trading platform. Please check our methodology on how we rate exchanges for further information.

Total Supported Cryptocurrencies

Trading Fees
0.1% - 0.60%

Fiat Currencies Supported

Visit Swyftx
CoinSpot logo


Crypto Head Rating
Our review is based on the spot trading platform. Please check our methodology on how we rate exchanges for further information.

Total Supported Cryptocurrencies

Trading Fees
0.10% - 1%

Fiat Currencies Supported

Visit CoinSpot
Binance logo


Crypto Head Rating
Our review is based on the spot trading platform. Please check our methodology on how we rate exchanges for further information.

Total Supported Cryptocurrencies

Trading Fees

Fiat Currencies Supported
USD, GBP, CAD, EUR, NZD + 75 others

Visit Binance

Final Thoughts

Not to be outdone by other exchanges, Independent Reserve provides an extensive platform for cryptocurrency trading that serves various user levels. It combines a straightforward interface with sophisticated trading tools, stringent security protocols, and attentive customer support, making Independent Reserve a premier selection for novice and seasoned traders in the crypto landscape.

For those who are just starting in crypto trading or experienced traders aiming to broaden their investment scope, Independent Reserve offers a dependable and safe environment tailored to your requirements.

Independent Reserve FAQs

Independent Reserve is known for its strong security measures, including two-factor authentication and data encryption. Moreover, Independent Reserve adheres to local regulatory standards, which adds to its trustworthiness.

To withdraw funds from Independent Reserve, first log in to your account. Then, go to the Accounts section and select the currency you wish to withdraw.

You can then enter the withdrawal amount and the details of your bank account or crypto wallet, depending on whether you’re withdrawing fiat money or cryptocurrency. After checking that all details are correct, confirm the withdrawal.

To deposit AUD into Independent Reserve, log in to your account and go to the Accounts tab. Select the option to deposit AUD and choose the preferred deposit method, such as bank transfer or POLi. If you’re using a bank transfer, you will be provided with the banking details necessary to complete the transfer.

Use the reference number to ensure the deposit is correctly attributed to your account. Follow the on-screen instructions to complete the deposit, and check if any deposit limits or processing times are involved.

Independent Reserve operates as a digital currency exchange where users can buy, sell, and trade various cryptocurrencies. After creating an account and going through the necessary verification procedures, users can deposit funds using fiat currencies like AUD, NZD, or USD, or they can deposit cryptocurrencies.

Independent Reserve provides a secure platform with a user-friendly interface for individuals and institutions to engage in cryptocurrency transactions.

Independent Reserve supports 28+ cryptocurrencies for trading. The availability of coins can vary and may include popular options like Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), and Ripple (XRP), among others.

Keep in mind that the platform periodically updates its offerings, so users should always check for the latest list of supported cryptocurrencies.

To send Bitcoins from Independent Reserve, log into your account and go to the Accounts section. Choose Bitcoin from your list of cryptocurrencies, and select the Withdraw option.

Then, enter the address of the recipient’s Bitcoin wallet, the amount you wish to send, and any relevant transaction details. Review the information carefully to ensure accuracy, as cryptocurrency transactions cannot be reversed.

Confirm the transaction, and keep in mind that network fees may apply.

Independent Reserve emphasizes security for its users’ funds and personal information. The exchange employs several security measures, such as two-factor authentication, encryption of sensitive data, and cold storage of the majority of cryptocurrency funds.

In addition, Independent Reserve conducts regular security audits to ensure compliance with industry standards. Users are also encouraged to practice good personal security habits, such as using strong passwords and being cautious of phishing attempts.

To get started with Independent Reserve, go to their website. Then, create an account by providing your email address and creating a password. You will need to undergo a verification process that may include submitting identification documents to comply with KYC (Know Your Customer) regulations.

Once verified, you can deposit funds into your account through a bank transfer, POLi, or cryptocurrency. After the funds are credited to your account, you can start trading on the platform by placing buy or sell orders for the cryptocurrencies that Independent Reserve supports.

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At Crypto Head we use a rigorous research and rating process to assess each platform. Our star rating system is out of 5 stars and is designed to condense a large amount of information into an easy-to-understand format. You can read our full methodology and rating system for more details.

About The Authors

James Headshot
Written by

Crypto Technical Writer

James Page, previously the lead writer at Crypto Head and a registered psychologist, brings a unique perspective to the world of blockchain and cryptocurrency.

His extensive experience in the industry and ability to present complex concepts in an understandable manner make his articles a valuable resource for readers seeking to navigate the ever-evolving crypto landscape.

Check James out on:
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Edited by

Co-Founder / Managing Editor

Adam Morris, the co-founder of Crypto Head and a respected crypto expert, offers insightful commentary and analysis on cryptocurrency, NFTs, and the evolving digital landscape.

His extensive experience and features in top-tier publications like Forbes and CNN underscore his deep understanding of the crypto world and its future potential.

Check Adam out on: