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.
Pros
Cons
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
Trade commission
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
$20.00
POLi deposits
$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
SWIFT deposits of $5,000.00 equivalent and above are free (smaller deposits incur a $15.00 processing fee)
Cryptocurrency deposits
Free
Australian AUD withdrawals
Free
International or non AUD withdrawals
$20.00
Bitcoin withdrawals
BTC 0.0003
Ripple withdrawals
XRP 0.15
Ether withdrawals
ETH 0.001
EOS withdrawals
EOS 0.1
Bitcoin Cash withdrawals
BCH 0.0001
Litecoin withdrawals
LTC 0.001
Stellar Lumens withdrawals
XLM 0.01
Basic Attention Token withdrawals
BAT 2
OmiseGO withdrawals
OMG 0.2
Augur withdrawals
REP 0.03
0x withdrawals
ZRX 1
Golem withdrawals
GNT 5
PlayChip withdrawals
PLA 300
Airbridge™ API
Free
Final Verdict
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.
Founded in 2013, CoinSpot is one of Australia’s leading exchanges with the largest selection of blockchain assets of any Australian Exchange. CoinSpot prides itself as a leader in the digital currency market and aims to provide superior customer service.
Zebpay is based in Melbourne, Australia, and is a global cryptocurrency exchange serving 132 countries worldwide. It has been in the business since 2014 and has achieved great heights with over 3 million users and $2 Billion in fiat transactions.
Terrexa is a newly launched cryptocurrency exchange where users can buy bitcoin (BTC) or Ethereum (ETH). Terrexa was launched with a vision to be different from other cryptocurrency exchanges by providing a simple and intuitive way to buy and sell cryptocurrencies for fiat money.
Cointree is a digital currency exchange that sprung up in Melbourne in 2013 with a belief that these amazing technologies should be made more accessible, and more understandable to the everyday person.
Binance is the fastest growing exchange for trading cryptocurrencies. In the short duration, it has reached the 2nd position among the top volume cryptocurrency exchanges. Binance is an exchange that operates in many countries around the globe.
Digital Surge is a Bitcoin exchange based out of Brisbane. Their platform has been built to help new investors easily and securely buy, trade or pay their bills with bitcoin.
Australian Best Exchange
COINSPOT
INDEPENDENT RESERVE
COINJAR
Lucky Spin
Spin the Wheel to Win
About Us
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.