Independent Reserve is Australia's most trusted exchange that was awarded Australian cryptocurrency exchange of the year in 2019. Most notably, they offer a simple user interface, competitive fees and the best cryptocurrencies including all of the latest DeFi tokens.

Independent Reserve also boast one of the lowest fee structures in Australia starting at 0.05% up to 0.5%.

Independent Reserve's exchange is available to customers worldwide, however their key focus is in Australia, New Zealand and Singapore. In terms of fiat deposits, they also accept AUD, USD and NZD as shown above.

Their exchange offers one of the widest rangest of deposit methods available in Australia including PayID/Osko, EFT, POLi and SWIFT. This makes it easy for Australians and New Zealanders to quickly onboard and buy Bitcoin and other cryptocurrencies due to their great range of on-ramps.

Independent Reserve are also considered one of the best exchanges for Over the Counter (OTC) trades and Self Managed Super Fund clients that are interested in diversifying into cryptocurrency.

Another important thing to note is that Independent Reserve has one of the best track records in the world in terms of being a cryptocurrency exchange that has never been hacked. They are well known in Australia for their security and are one of the only cryptocurrency exchanges around the world that offer insurance on crypto assets.

Their order book style trading interface is extremely easy for both experienced and first time investors. Users have the option to place a market buy, meaning they can buy Bitcoin or another cryptocurrency instantly using the lowest sell price available. Or alternatively, place a limit order that enables users to choose a price they wish to buy Bitcoin or another cryptocurrency at.

For example, a user can set a 'limit buy' for $1,000 AUD worth of Bitcoin at $12,000 AUD. This means that when the price of Bitcoin drops to $12,000 AUD - a $1,000 AUD buy order will execute for the user automatically.

Read our detailed Independent Reserve Review.
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CoinSpot is widely regarded as the easiest and most useable exchange in Australia for newbies to get into cryptocurrency.

They offer over 120+ different cryptocurrencies and altcoins on an easy to use platform with an instant buy feature. Although it may not be the most cost effective option for new users in terms of fee's, it is a great way to get started.

CoinSpot supports the widest range of cryptocurrencies and altcoins in Australia that can be bought, sold and traded all one one platform. This includes Bitcoin, Ethereum, Chainlink, Cardano, Tezos and much more. They also offer a secure and easy to use wallet for users to store their coins and then quickly be able to convert them for AUD.

CoinSpot also have an extremely clean dashboard that enables users to track their cryptocurrencies performance over different timeframes.

CoinSpot's fees on their instant order's are 1% which is a little less competitive than Independent Reserve and other exchanges on the market - however it is definitely the most convenient option.

Their platform is the most user-friendly and easy to navigate. It is simple and fast to create an account, deposit AUD and purchase the latest cryptocurrencies.

Read our detailed CoinSpot Review.
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