Independent Reserve is Australia's most largest digital currency for sophisticated and institutional investors. Their platform currently has over 200,000 customers and is the most highly traded order book exchange in Australia by a wide margin.
Their platform is governed by Australia's highly regulated financial sector and is considered one of Australia’s best fiat-to-crypto exchanges. They are also a member of Blockchain Australia, which is one of the leading industry bodies in the country.
They offer a host of different features that make it simple for different kinds of investors to get started with cryptocurrency in Australia. These include:
Their trading platform has the most competitive fee schedule for investors and traders in Australia. Their starting fee for a buy or sell is 0.50%, which reduces when you trade more volume over a 30 day period. You can see a summary of the 30 day volume discount program below.
Other costs that you need to consider when using cryptocurrency exchanges like Independent Reserve are deposit and withdrawal fees. Fortunately, Independent Reserve offers instant free AUD deposits and withdrawals for PayID or Osko transfers. You can review their full fee schedule here.
Independent Reserve was built from a security first standpoint by world-class engineers. Their platforms core servers are in geographically dispersed data centres across New South Wales, which is the best possible practice for data integrity. Independent Reserve is a licensed digital currency exchange by AUSTRAC and are a privately owned company in Australia with a business ABN 46 164 257 069.
The award winning exchange also boasts Australia's leading OTC desk for high net worth, institutional investors and SMSFs to buy Bitcoin in Australia, as well as 20 other cryptocurrencies.
This service is generally the best way to get exposure to digital assets if you are looking to purchase over $100,000 AUD worth of any given cryptocurrency in one hit.
The key advantages of OTC crypto trading are:
One of our favourite aspects of the Independent Reserve platform is their Self Managed Super Fund (SMSF) accounts. They let you buy and sell cryptocurrencies with your SMSF account with low fees and securely. The exchange is currently being used by over 8,000 SMSFs in Australia and they provide detailed reporting for your SMSF audits.
It can take less than 24 hours to onboard your SMSF account once you provide the following information:
Independent Reserve is without doubt Australia's most trusted exchange for investors in Australia. Although their user interface can be slightly more tricky than other retail exchanges like CoinSpot or SwyftX, they provide a far superior user experience. This is highlighted by their low fees, fast deposits/withdrawals and deep liquidity.
They are also the best option for high-net worth or institutional investors that are looking for a secure AUD onramp into the digital asset ecosystem.