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Independent Reserve Review

Last Updated on March 20, 2024

James Headshot
Written by
Adam Headshot
Edited by
Independent Reserve logo
4.17
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. Combining the security features of traditional banks with those found on crypto trading platforms, Independent Reserve strives for exceptional quality in every aspect.

Not only can it offer deeper liquidity and personalised service, but its highly automated process also assures users of their funds’ safety and transparency in the market.

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.

Pros

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

Cons

  • 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 27+
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 is an established and popular cryptocurrency exchange in Australia. It caters to novice and seasoned traders alike, facilitating trading by providing user-friendly features and advanced functionalities that guide newcomers through the complex world of cryptocurrency trading.

Independent Reserve homepage

Independent Reserve, having built an attractive brand within the cryptocurrency space, continues to expand beyond initial Australian enthusiasts. Their growth parallels crypto markets, suggesting their commitment to staying relevant in an ever-evolving industry.

Independent Reserve is an impressive example of the rapid progress made possible by cryptocurrency trading platforms. It contributes to this development by providing traders with access to a range of digital assets.

About Independent Reserve

Independent Reserve was launched as an intermediary between traditional financial services and the evolving world of cryptocurrencies. Since its debut when the digital currency landscape was relatively small, the platform has grown into an established presence, particularly within Australian and Singaporean markets.

This exchange takes pride in adhering to regulatory compliance and operational transparency, earning itself a strong standing as an established player in the crypto space.

Independent Reserve features

Independent Reserve’s history is filled with pivotal events that have marked digital currency evolution. From its inception, the early days of Independent Reserve saw the industry grappling with decentralised finance concepts as it seeded the acceptance of decentralised finance systems.

Independent Reserve has witnessed an explosion in interest from both retail and institutional participants since entering the market, successfully steering this upward trajectory with skill. Key events, such as blockchain’s introduction into the Singaporean financial sector, have further informed Independent Reserve’s strategic direction, allowing it to seize opportunities in emerging markets while strengthening its presence.

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 27 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)
  • USDC (USDC)
  • Dogecoin (DOGE)
  • Cardano (ADA)
  • Avalanche (AVAX)
  • Shiba Inu (SHIB)
  • Toncoin (TON)
  • Polkadot (DOT)
  • Chainlink (LINK)
  • Bitcoin Cash (BCH)
  • TRON (TRX)
  • Polygon (MATIC)
  • Internet Computer (ICP)
  • NEAR Protocol (NEAR)
  • Uniswap (UNI)
  • Aptos (APT)
  • Litecoin (LTC)
  • UNUS SED LEO (LEO)
  • Dai (DAI)
  • Stacks (STX)
  • Cosmos (ATOM)
  • Filecoin (FIL)
  • Ethereum Classic (ETC)
  • Arbitrum (ARB)
  • Immutable (IMX)

View all cryptocurrencies Independent Reserve supports

  • AAVE
  • ADA
  • BAT
  • BCH
  • BTC
  • COMP
  • DAI
  • DOGE
  • DOT
  • EOS
  • ETH
  • GRT
  • LINK
  • LTC
  • MANA
  • MATIC
  • MKR
  • SAND
  • SNX
  • SOL
  • UNI
  • USDC
  • USDT
  • XLM
  • XRP
  • YFI
  • ZRX

Trading Experience

Independent Reserve is designed to meet the needs of all users, from initial purchases through multicurrency order books. Its user-friendly platform’s interface ensures an effortless trading experience.

Experienced traders will also appreciate their advanced trading features, providing them with the tools required for complex market strategies.

Independent Reserve has designed its trading experience to be intuitive and comprehensive, helping users easily navigate the complexities of crypto markets. Focusing on providing smooth processes from initial purchases to advanced trading features, Independent Reserve strives to accommodate its diverse clientele’s expertise levels, from newcomers to veteran traders of cryptocurrency trading.

Independent Reserve is an investment platform that prioritises efficiency. From market observation to execution, traders can act quickly and precisely on market opportunities.

Independent Reserve exchange marketing

Independent Reserve Fees

Navigating Independent Reserve’s fee structure reveals its unique approach to transaction costs. Fees are designed to encourage active trading with consideration for volume and frequency rewards for engaged traders.

The design of this platform seeks to strike a balance between user friendliness for beginners and the economic efficiency demanded by high-volume traders.

Independent Reserve’s fees exemplify the delicate nature of its market structure with its nuanced approach to accommodating its user base’s diversity. Its tiered system, flexible enough to adjust to changes in supply and demand dynamics, adapts smoothly to the evolving field of cryptocurrency trading, where supply and demand are constantly in motion.

Fee structures exist to create an engaging trading environment that meets the objectives of all market participants, from those making their debut in crypto and digital finance to established veterans of this space.

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 0.000463 BTC. This means Independent Reserve charges below the industry average by 35.22%.

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?

Independent Reserve takes security seriously and utilises a multi-layered approach, including regular penetration testing, two-factor authentication, and cold storage for many assets.

Independent Reserve’s security culture is reinforced through annual audits conducted by external auditors and its strict adherence to local and international security standards.

Independent Reserve’s security infrastructure combines cutting-edge technology with careful oversight. Through regular penetration testing and an adaptable response mechanism, this exchange ensures it can swiftly address emerging threats.

Cold storage as an additional safeguard to assets, along with independent audits by respected external auditors, demonstrates Independent Reserve’s dedication to protecting client assets. Furthermore, their strict protocol for financial statements ensures the integrity of operational funds as well as transparent accounting of billions in user funds.

Independent Reserve Customer Support

Customer support at Independent Reserve is designed to offer outstanding service. The customer service team can quickly address issues while meeting professional standards on the platform.

Support channels are varied to ensure users can get help when needed, contributing to an effortless client onboarding experience.

Independent Reserve has built its approach to customer support on a foundation of unparalleled excellence, where customer service officers go above and beyond responding to inquiries by helping users navigate its many intricate features.

Independent Reserve’s commitment to exceptional client onboarding and support system ensures traders are not hindered by lack of experience, creating an unparalleled client trading experience for our consumers. This philosophy of top-tier customer service permeates every aspect of Independent Reserve culture, building consumer trust.

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

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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
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Trading Fees
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Fiat Currencies Supported
USD, AUD, NZD

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Fiat Currencies Supported
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Total Supported Cryptocurrencies
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Fiat Currencies Supported
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Final Thoughts

Independent Reserve is distinguished from other exchanges by its commitment to reliability and regulatory compliance, offering services tailored to the needs of traders 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 emphasises 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.

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Methodology

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:
Adam Headshot
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: