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.
|Fiat Currencies Supported
|USD, AUD, NZD + 1 other
|Total Supported Cryptocurrencies
|0.26% - 0.50%
|Bank Transfer, Debit Card, Credit Card, Cryptocurrency, Osko, PayID, Paypal
|Facebook, Twitter, Help Center Articles, Support Ticket
|Yes - iOS, Android
Independent Reserve stands out as a well-established cryptocurrency exchange with a strong foothold in the Australian market. As a platform that has been catering to both novice and seasoned traders, it navigates the complexities of crypto trading by offering a blend of user-friendly features and advanced functionalities.
Independent Reserve, having built a compelling brand within the cryptocurrency domain, continues to expand its reach beyond the initial appeal to Australian enthusiasts. The exchange’s growth trajectory mirrors the evolution of crypto markets, suggesting a commitment to staying relevant in a fast-paced industry.
By fostering an ecosystem where traders can engage with a spectrum of digital assets, Independent Reserve stands as a testament to the dynamic progression of cryptocurrency trading platforms.
About Independent Reserve
Independent Reserve was launched to serve as a bridge between traditional finance and the emerging world of cryptocurrencies. Its inception dates back to a time when the digital currency landscape was still in its infancy, and it has since established a robust presence, particularly in the Australian and Singaporean markets.
The exchange prides itself on its commitment to regulatory compliance and operational transparency, which has earned it a reputation as a reliable player in the crypto space.
The chronicle of Independent Reserve is intertwined with significant milestones that have shaped the digital currency narrative. The early days of the exchange were marked by an industry grappling with the concept of decentralised finance, a time when the seeds of adoption were just being sown.
The market has since witnessed a surging interest from both retail and institutional participants, a trend that Independent Reserve has navigated with finesse. Key events such as the advent of blockchain technology in the Singaporean financial sector have further sculpted the exchange’s strategic direction, enabling it to seize opportunities in emerging markets and solidify its presence.
Independent Reserve Supported Cryptocurrencies
Independent Reserve supports trading on over 27 cryptocurrencies on their platform. This exchange currently supports 15 of the top 30 market cap cryptocurrencies.
View all cryptocurrencies Independent Reserve supports
The trading experience at Independent Reserve is tailored to cater to a wide range of users. From the simplicity of initial purchases to the depth offered by a multicurrency order book, the platform’s interface facilitates a smooth trading process.
Advanced trading features are also on offer, providing experienced traders with the tools necessary for complex market strategies.
The trading experience on Independent Reserve is sculpted to be intuitive yet comprehensive, enabling users to navigate the complexities of the crypto marketplace with ease. Emphasising a smooth process from initial purchases to advanced trading features, the platform aims to accommodate the broad spectrum of its clientele’s expertise, from novices to veterans of cryptocurrency trading.
An investment platform that values efficiency, Independent Reserve streamlines the path from market observation to execution, ensuring that traders can act on market opportunities with precision and agility.
Independent Reserve Fees
Navigating the fee structure of Independent Reserve, one would appreciate the exchange’s approach to transaction costs. Fees are typically structured to encourage active trading, with considerations for volume and frequency that reward engaged traders.
The design is such that it aims to strike a balance between accessibility for beginners and the economic efficiency demanded by high-volume traders.
The artful design of Independent Reserve’s fee schedule mirrors the intricacy of its market structure, with a nuanced approach that caters to the diversity of its user base. This tiered system, fluid in nature, adapts to the evolving landscape of cryptocurrency trading, where the dynamics of supply and demand are constantly in flux.
The essence of the fee structure is to promote a vibrant trading environment that aligns with the objectives of varying market participants, from those making their first foray into the crypto world to the veterans of the digital finance arena.
|Deposit Fee (Bank Transfer - Osko, PayID)
|$0 - $15
|Deposit Fee (Credit/Debit Card)
|$0 - $15
|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 compared to the industry average of 0.000075 BTC. So Independent Reserve has a fee that is above the industry average by 300.00%.
Independent Reserve has a maker/taker fee schedule which you can see below.
Security - Is Independent Reserve Safe?
Security is a cornerstone of Independent Reserve’s operations. The exchange adopts a multi-layered approach that encompasses regular penetration testing, two-factor authentication, and cold storage for the majority of assets.
Independent Reserve’s security culture is reinforced through annual audits by external auditors and a stringent adherence to local and international security standards.
Building on its multi-faceted defence mechanisms, Independent Reserve’s security infrastructure is a blend of advanced technology and vigilant oversight. With regular penetration testing serving as the bedrock of its security strategy, the exchange employs an agile response to emerging threats.
The addition of cold storage as an extra layer of protection for assets, coupled with rigorous audits by renowned external auditors, underscores the extent of the exchange’s commitment to safeguarding client assets. Beyond this, Independent Reserve maintains a rigorous protocol for financial statements, ensuring the integrity of operational funds and a transparent account of billions in user funds.
Independent Reserve Customer Support
Customer support at Independent Reserve is designed to provide top-notch service. The customer service officer team is equipped to address issues promptly, maintaining a level of service that aligns with the platform’s professional standards.
Support channels are varied, ensuring users can access help when needed, contributing to a seamless client onboarding process.
Independent Reserve’s approach to customer support is founded on the principle of unyielding excellence. Customer service officers are not just responders but guardians of the trading experience, guiding users through the intricacies of the platform.
The emphasis on a superior level of service is evident in the streamlined client onboarding process and the robust support system that ensures traders are not hindered by any lack of experience. This philosophy of top-notch customer service is embedded in the culture of Independent Reserve, providing a solid foundation for consumer trading confidence.
Independent Reserve Support Channels
How to Sign Up on Independent Reserve
- 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.
- Verify Account - Confirm your email, you should get an email asking you to verify your account creation.
- Transferring Funds - Once your account has been verified, you'll be able to deposit using the deposit methods listed below.
- Start Trading Crypto - That's it! You should now have everything in place to start trading.
Independent Reserve Alternatives
Total Supported Cryptocurrencies
0.35% - 0.60%
Fiat Currencies Supported
USD, AUD, NZD
Total Supported Cryptocurrencies
0.10% - 1%
Fiat Currencies Supported
In concluding thoughts on Independent Reserve, it’s noteworthy that the exchange has carved out a niche for itself by focusing on reliability and regulatory compliance. Its service offerings reflect a deep understanding of trader needs, ranging from entry-level participants to institutional entities.
Independent Reserve FAQs
Independent Reserve is a well-known cryptocurrency exchange that operates in Australia, New Zealand, and Singapore. It was established in 2013 and has built a reputation for being a reliable platform for buying and selling cryptocurrencies.
The exchange is known for its strong security measures, including two-factor authentication and data encryption. Moreover, Independent Reserve adheres to local regulatory standards, which adds a layer of trust for its users.
However, as with any investment platform, it’s important for users to conduct their own due diligence.
To withdraw funds from Independent Reserve, first, log in to your account. Navigate 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. Confirm the withdrawal after checking all details are correct.
It’s important to be aware of any potential withdrawal fees and processing times, which can vary depending on the currency and method chosen.
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 method of deposit, such as bank transfer or POLi.
You will be provided with the banking details necessary to complete the transfer if you’re using a bank transfer. Make sure to use the reference number provided to ensure the deposit is correctly attributed to your account.
Follow the on-screen instructions to complete the deposit, and be sure to check if there are any deposit limits or processing times 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.
The platform offers a trading interface where users can place buy or sell orders at market or specific prices. Independent Reserve provides a secure platform with a user-friendly interface for individuals and institutions to engage in cryptocurrency transactions.
Independent Reserve supports a range of 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.
The platform periodically updates its offerings, so users should check the Independent Reserve website or contact customer support for the latest list of supported coins.
To send Bitcoins from Independent Reserve, log into your account and navigate to the ‘Accounts’ section. Choose Bitcoin from your list of cryptocurrencies, and select the ‘Withdraw’ option.
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, visit their website and create an account by providing your email address and creating a password. You will need to go through 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 either through a bank transfer, POLi, or by depositing 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.
Independent Reserve User Reviews
0.0 out of 5.0
No reviews yet for Independent Reserve - be the first to review!
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.