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Independent Reserve review

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Independent Reserve
Regulator registration
Supported assets
Fiat currencies
This is not an endorsement of cryptocurrency or any specific provider, service or offering. It is not a recommendation to trade or use any services.


Register, deposit and trade some of the world’s most popular cryptocurrencies on one of Australia’s best-known cryptocurrency exchanges.


  • AUD and NZD deposits. Support for AUD and NZD deposits 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.
  • Asset protection. Independent Reserve was Australia's first insured cryptocurrency exchange to protect crypto assets in the event of a large-scale hack.


  • 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.

In this guide

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Product details

Product Name Independent Reserve
Fiat Currencies AUD, NZD, USD & 1 more
Cryptocurrencies BTC, ETH, XRP, BCH, EOS, LTC, ADA, XLM, ETC, ZRX & 19 more
Deposit Methods Bank transfer
Credit card
Debit card
Trading Fee 0.02—0.50%
Deposit Fees Cryptocurrency: Free
None for deposits over AU$100 and above
$0.99 for deposits under AU$100
Assisted transfer fee: $20
Debit or credit card: 1%
PayPal: 1%
Withdrawal Fees EFT bank withdrawals: Free
AUD PayID/NPP instant withdrawals: $1.50
Cryptocurrency: Fees vary
Assisted transfer fee: $20

Which fiat and cryptocurrencies are supported?

  • Supported fiat currencies: AUD, NZD, USD
  • Supported cryptocurrencies: Approximately 29 cryptocurrencies

Which payment methods are accepted?

  • Bank transfer
  • Credit card
  • Cryptocurrency
  • Debit card
  • PayPal
  • 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.
  • Protection. Independent Reserve will protect your crypto assets in the event of a large-scale hack, but not against individual hacks to a single account owing to user error.

How do I create an account at Independent Reserve

Ready to sign up?

Go to Independent Reserve's website

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.

Compare Independent Reserve against other exchanges

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Name Product Deposit methods Fiat currencies Cryptocurrencies Offer Disclaimer Link
Bank transfer, Credit card, Cryptocurrency, Debit card, Osko, PayID, Apple Pay, Google Pay, SWIFT



Capital at risk

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Finder AwardExclusive
Bank transfer, BPAY, Cash, Credit card, Cryptocurrency, Debit card, PayID



Get $20 in BTC when you make a deposit. T&Cs apply.

Capital at risk

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Bank transfer, Credit card, Cryptocurrency, Debit card, Osko, PayID



Get $20 in BTC when you verify your account. T&Cs apply.

Capital at risk

View details
Disclaimer: Star ratings are only displayed for products with 10 or more reviews.

Frequently asked questions

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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Andrew Finder


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December 22, 2017


I have notice on independent reserves trading platform prices of coins are not displayed like other trading platforms – price per coin- can you please explain their pricing method of presentation?



December 22, 2017

Hi Richard,

Thanks for your inquiry

The prices of the coins fluctuate at a rapid rate each day and the price updates are done on their site.

Any time a currency exchange is needed it will be done at the current rates available on the Independent Reserve website.

Hope this information helps



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December 15, 2017

What are all the cryptocurrencies that are available to trade?


Harold Jacob Finder

December 15, 2017

Hi Ali,

Thank you for your inquiry.

You may refer to our list of the most popular cryptocurrencies available to trade in Australia. You may click the name of the cryptocurrency to be redirected to our comprehensive guide to know more about it.

I hope this information has helped.



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