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Independent Reserve Review

Independent Reserve Referral Code

Independent Reserve is an Australian-based cryptocurrency exchange that allows users to buy, sell, and trade cryptocurrencies. The exchange has a wide variety of cryptocurrencies available for trading, and users can also use the exchange to store their cryptocurrencies. Independent Reserve also offers a wallet service that allows users to store multiple cryptocurrencies in a single wallet. In this Independent Reserve Review, we will take a look at the features offered by Independent Reserve and how it compares to other exchanges.

Cryptocurrency exchanges are not as secure as they should be. Independent Reserve is a cryptocurrency exchange that adheres to the highest security standards and uses multi-sig technology for all hot wallets, offline cold storage of funds, two factor authentication, DDoS mitigation and more.

The platform offers a proprietary API to give developers access to its tools and allow them to build their own trading bots or integrate with other services. The Independent Reserve exchange has a reputation for security, making it one of the best exchanges available.

They have been operating since 2013 and offers competitive fees on both deposits and withdrawals from AUD/BTC pairs.

Their interface is easy to use even if you’ve never traded cryptocurrency before so don’t miss out!

What is Independent Reserve?

The Australian-based exchange, Independent Reserve, is a subsidiary of Reserve. It’s a popular choice among traders and has hundreds of thousands of users who use it to buy and sell cryptocurrencies. TradingView charts and analysis add to the overall experience. Trading fees are reasonable in comparison to the competition.

Independent Reserve Review

Notable features

Independent Reserve has several features that set it apart from the competition.

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AutoTrader

Users can add an unlimited number of automated cryptocurrency trading strategies to ‘Automated Trading with Risk Management.

Hack insurance

Customers with a Premium account will be insured against the loss of their digital assets as a result of a breach in physical security procedures or employee theft. While they do offer insurance, there are several options available. You can protect yourself by utilizing a multi-factor authentication system and ensuring your passwords are kept secret.

SMSF

With a Self-Managed Super Fund, you can invest in cryptocurrencies.

Tax estimator

Use a tax estimator created by KPMG to figure out how much tax you should pay on your crypto investments.

OTC trades

Independent Reserve’s OTC service can assist you with major transactions. It is excellent for SMSFs, institutional investors and high-net-worth individuals.

Supported Cryptocurrencies

Over 30 different cryptocurrencies are supported by the platform. Users must first create an account and verify it before beginning on Independent Reserve. Fiat deposits can be made in Australian dollars, New Zealand dollars, or US dollars.

Payment Methods

To get started, users can link their bank accounts or utilize bank transfers through the Osko system by using the platform’s PayID feature and debit cards when paying. At this time, credit cards are not available.

With electronic payment networks like SWIFT, OSKO and POLi, you can now make immediate transfers that have no hidden fees.

Trading Fees and Limits

In Australia, deposits and withdrawals in fiat currency are completely free. In other words, there are no fees or charges at any stage of the deposit or withdrawal process.

If you live in Australia and primarily use the Australian dollar to purchase cryptocurrency, then it looks like things are pretty good right now. Compared to other similar platforms that charge a withdrawal fee for any supported currency, this is a very decent deal.

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You may also save money on your brokerage fee based on the amount of money you’ve traded in the previous 30 days. The amount is calculated in Australian dollars and is based on your order costs at the time it was placed, not when it is completed.

Customers who purchase an account plan can get extra discounts on brokerage fees.

Withdrawal Fees

The AUD withdrawal fee is $20 per transaction, regardless of the amount. There is a fixed cost of $20 for international and non-AUD withdrawals. Each cryptocurrency withdrawal has its own associated price, which you can discover on Independent Reserve’s website for each supported cryptocurrency.

User Interface

The Independent Reserve platform provides a simple, intuitive user experience for all levels of users, making it easier for even novice investors to easily understand and navigate. One of the key areas in which improvements could be made is in the management of graphics for analytical tools.

Graphs are a simple way to visually represent information in a way that can easily communicate information in a simple, straightforward manner. The problem with them is that they are clunky and cannot handle line trends.

Who is Independent Reserve aimed at?

Independent Reserve has a reputation for being one of the finest and most trusted exchange in Australia and New Zealand. The company has over 200,000 subscribers. Most of its cryptocurrency pairs are priced in Australian dollars as the primary fiat currency.

You can view all of the cryptocurrency pairs in USD, NZD, and SGD, but only AUD is the default option. The platform is easy to use for beginners, but lacks some of the more advanced trading instruments’ support.

Is Independent Reserve safe?

AUSTRAC-regulated and a certified and audited member of Blockchain Australia, Independent Reserve Pty Ltd (ABN 46 164 257 069). is a reliable source of information about cryptocurrency.

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Because digital assets are so valuable, it’s important to keep them safe. The most common way to do this is to store them in cold offline wallets. Two-factor authentication (2FA) is used to safeguard your accounts from brute force attacks.

Customer Support

Customer-centric business practices were one of the reasons for Independent Reserve’s success. In addition to providing a secure and efficient support system for their users, the company has also taken measures to ensure that the customer’s personal information is safe at all times.

When users aren’t able to access their account, the first thing that comes to mind is “Oh no! What happened?” Since this is one of the most common account issues, it’s nice to have a quick-track support option for when you need assistance.

They also provide a corporate support email as an alternative point of contact for any other queries.

Independent Reserve Alternatives

Here are some of the finest Australian and international alternatives available.

Conclusion

Traditional Australian investors who simply want to diversify into crypto might find Melbourne-based Independent Reserve a strong competitor. They offer support for major digital currencies, including Bitcoin, Ethereum, and others, and competitive pricing.

Auto Trader is an excellent tool for “fire and forget” investors that use dollar cost averaging over time. The program offers more sophisticated traders the ability to invest in their SMSF, access to an OTC trading desk, and a tax calculator. Traders wanting to invest in cryptocurrencies, tokens and smart contracts will have to look elsewhere.

Independent Reserve
Independent Reserve
Pros
Built-in tax calculator
Highly trusted and reputable
Cold storage wallets
Can trade in AUD, USD, SGD & NZD
Cons
Limited selection of cryptocurrencies
Higher trading fees
3.5



Written by Investorazzi

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