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3
Fiat currencies
27
Cryptocurrencies
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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 Osko PayID EFT SWIFT |
Trading Fee | 0.05-0.5% |
Deposit Fees |
EFT: None for deposits over AU$100 AU$0.99 for deposits under $100 SWIFT: 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 |
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 |
---|---|
0 | 0.50% |
100,000 | 0.48% |
500,000 | 0.32% |
1,000,000 | 0.22% |
10,000,000 | 0.05% |
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 method | Fee (AUD) |
---|---|
EFT | $0.99 or free if $100 or more |
POLi | $3.30 |
PayID/Osko | $2.50 or free if $1,000 or more. |
SWIFT | $15 or free if $5,000 or more |
Cryptocurrency | Free |
Withdrawal type | Fee (AUD) |
---|---|
Australian dollar withdrawals | Free |
International withdrawals | $20 |
Cryptocurrency withdrawals | Varies |
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.
Withdrawals to Australian bank accounts are usually completed within one day.
International non-USD withdrawals will typically take two to three days.
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Independent Reserve was founded in 2013 and is a well-known exchange in Australia. It's based in Sydney.
4 Comments
December 22, 2017
Hi
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 23, 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
Cheers,
Arnold
December 15, 2017
What are all the cryptocurrencies that are available to trade?
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.
Cheers,
Harold