Independent Reserve was founded in 2013 in Sydney, Australia.Independent Reserve is a Bitcoin and Digital Currency exchange where investors, traders and everyday people come to buy and sell Bitcoin, Ether, LiteCoin and Bitcoin Cash. Independent Reserve is a registered Australian company, committed to institutionalising the Digital Currency industry. It’s committed to bringing professionalism and openness to cryptocurrency trading, and to operating fully in line with Australian financial services regulations. One of the distinctive features of Independent Reserve is that your account can simultaneously support Australian, New Zealand and US dollars. This also lets you take advantage of fiat currency exchange rates, or simply make trades in your preferred currency.
Account Registration and Verification Process
Account registration and verification process steps as below
Step III - Once you are in, fill in your identity details.
Step IV - Setup your email account.
Step V - Turn on 2FA (optional).
Step VI - Once you verify your email address, you will see additional option at the top of the page to verify your identity. Click on verify identity.
Step VII - Verify your identity by submitting required documents as below.
Step VIII - You are done here, wait for your account to be verified before you can deposit AUD, NZD and USD to buy and trade coins. You can also deposit BTC, BCH, Ethereum and LTC in your Wallet. Verification process takes betwee 1 to 2 business day.
2FA - Independent Reserve recommends two-factor authentication. It uses Google Authenticator so logins will also need to be done through your phone, and not just through your computer.
Low trading fee – Only 0.5% trading fee.
Good support team – IR support is one of the best in crypto space.
4 major coins available – BTC, ETH, LTC and BCH.
Validation – You can also add primary and secondary phone numbers for further verification and security.
Payment Methods and Fees
As low as 0.05%, see Trade Volume Discount section below
Electronic Funds Transfer deposits
Electronic Funds Transfer deposits of $AUD 100.00 and above are free (smaller deposits incur a $0.99 processing fee)
Incorrect / Missing Reference
$3.30 processing fee
PayID / Osko deposits
PayID / Osko deposits of $AUD 1,000.00 and above are free (smaller deposits incur a $2.50 processing fee)
SWIFT deposits of $5,000.00 equivalent and above are free (smaller deposits incur a $15.00 processing fee)
Australian AUD withdrawals
International or non AUD withdrawals
Bitcoin Cash withdrawals
Stellar Lumens withdrawals
Basic Attention Token withdrawals
Although the site and trader focus is not going to be for everyone, Independent Reserve certainly offers a secure option for serious bitcoin, bitcoin cash, ethereum and litecoin traders or traditional traders looking to expand into four major crypto currencies. The choice of trading in three currencies, US, AUS and NZ dollars is a great feature and the site provides all the tools needed to buy and sell quickly at the market price.
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Australian Best Exchange
We compare the most popular crypto currency exchanges in Australia. We are Bitcoin Users and Traders like you. We have traded personally on each and every exchange mentioned here. We don't sell bitcoin and are not an exchange. We just make it easy for you to find a bitcoin exchange and buy bitcoin and other altcoin in Australia.
The exchange selected show our opinion only and cryptoreview.com.au is not responsible for any losses that may happen by trading on these trading platforms.