Independent Reserve exchange review

What you need to know about trading bitcoin, Bitcoin Cash, Ethereum, Litecoin and Ripple on the Independent Reserve exchange.

  • Great for AUD, NZD and USD trading
  • Not so great for its selection of coins and fees on small deposits

Check out our full list of pros and cons or read on.

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Fiat currencies




Product Name Independent Reserve Exchange
Fiat Currencies AUD, NZD, USD
Cryptocurrencies BTC, ETH, XRP, BCH, EOS, LTC, ADA, XLM, DOGE, MATIC, & 15+ more
Deposit Methods Cryptocurrency
Trading Fee 0.05-0.5%
Deposit Fees EFT:
None for deposits over AU$100
AU$0.99 for deposits under $100

None for deposits over AU$5,000 equivalent
$15 for deposits under AU$5,000 equivalent

Withdrawal Fees Bank transfer: None for AUD, $20 for non-AUD
Cryptocurrency: Fees vary
Disclaimer: This information should not be interpreted as an endorsement of cryptocurrency or any specific provider, service or offering. It is not a recommendation to trade.

Learn more about:

Which fiat and cryptocurrencies are supported?

  • Supported fiat currencies: AUD, NZD, USD
  • Supported cryptocurrencies: Approximately 27 cryptocurrencies

Which payment methods are accepted?

  • Cryptocurrency
  • Osko
  • PayID
  • EFT
Go to Independent Reserve's website

What’s it like to use Independent Reserve?

Fees and limits

Platform trading fees

The fees below are accurate as of 6 July 2020.

Independent Reserve uses a tiered trading fee system based on 30-day trading volume. Fees start at 0.50% and drop by 0.02% every AU$50,000 up to $500,000. After that, they keep decreasing, but more slowly.

30-day trade volume (AUD equivalent)Trading fee

Deposit and withdrawal fees

Deposit fees

Note that the following are the Independent Reserve’s deposit processing fees. They do not include the fees for transferring money to the exchange, such as network fees or SWIFT payment fees.

Deposit methodFee (AUD)
EFT$0.99 or free if $100 or more
PayID/Osko$2.50 or free if $1,000 or more.
SWIFT$15 or free if $5,000 or more
Withdrawal fees
Withdrawal typeFee (AUD)
Australian dollar withdrawalsFree
International withdrawals$20
Cryptocurrency withdrawalsVaries

How fast will my funds be available?


Clock icon for transfer speed

Up to 3 days or more

EFT deposits are generally processed in one to two business days.
Osko and POLi deposits will typically be processed in one minute.
SWIFT transfers will take three or more days.


Clock icon for transfer speed

Up to 2-3 days

Withdrawals to Australian bank accounts are usually completed within one day.
International non-USD withdrawals will typically take two to three days.

Is Independent Reserve safe to use?

  • Regulation. Independent Reserve is registered with AUSTRAC, has an ABN and has been certified by the Australian Digital Currency Association.
  • Verification process. Independent Reserve verifies users in line with its anti-money laundering compliance obligations.
  • Security features. Independent Reserve says it keeps the majority of user funds in cold storage, where it is held in vaults in several different locations, with multiple layers of physical security. Accessing the vault requires biometric identification. It also holds insurance for funds.
  • Insurance. Independent Reserve offers insurance on your crypto assets.

How do I create an account at Independent Reserve

Ready to sign up?

Go to Independent Reserve's website
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What else do I need to know about Independent Reserve?

Independent Reserve was founded in 2013 and is a well-known exchange in Australia. It’s based in Sydney.

In a nutshell


  • AUD, NZD and USD deposits.Most crypto exchanges don’t facilitate AUD and NZD deposits. Using Independent Reserve can help you avoid currency exchange fees.
  • Full-featured.Independent Reserve offers a range of different trade types, as well as additional features such as a tax estimator tool.
  • Insured.Independent Reserve was Australia’s first insured cryptocurrency exchange.


  • Fees. Independent Reserve charges deposit fees, and with 0.5% base level trading fees, it’s more expensive than other exchanges.
  • Limited selection. Independent Reserve only offers a limited range of coins.
  • Varying liquidity. At the time of writing, Independent Reserve is showing little liquidity in its altcoin markets.
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Compare Independent Reserve against other exchanges

Name Product Deposit methods Fiat Currencies Cryptocurrencies
FTX Cryptocurrency Exchange
Credit card, Wire transfer, Silvergate Exchange Network (SEN), Signature SIGNET


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Finder Exclusive: Receive $10 BTC on sign-up and verification. T&Cs apply.

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Disclaimer: Cryptocurrencies are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance is no guarantee of future performance. Consider your own circumstances, and obtain your own advice, before relying on this information. You should also verify the nature of any product or service (including its legal status and relevant regulatory requirements) and consult the relevant Regulators' websites before making any decision. Finder, or the author, may have holdings in the cryptocurrencies discussed.
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