HomeAustralia > Independent Reserve vs BTC Markets

Independent Reserve vs BTC Markets - Comparison (2021)

In this article, I compare Binance vs CoinSpot to see which exchange is the best and safest way to trade crypto in Australia.

David Cohen

Editor at Buy Bitcoin Finder

Independent Reserve vs BTC Markets

Independent Reserve and BTC Markets are widely considered to be the two best order-book style cryptocurrency exchanges in Australia. Both platforms boast the deepest liquidity for a wide range of cryptocurrency assets for relatively low trading fees.

Summary Comparison Table

The table below provides you with a quick overview of the key differences between Independent Reserve and BTC Markets.

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Independent Reserve
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BTC Markets
Trading Fees 0.5% 0.85%
Cryptos Available Bitcoin, Ethereum, Cardano, Polkadot, Chainlink, USDT, AAVE + 25 more Bitcoin, Ethereum, Algorand, Compound, OmiseGo, Litecoin, XRP + 15 more
Year Founded 2013 2013
Headquarters Sydney, Australia Melbourne, Australia
Deposit Options Bank Transfers, PayID/Osko and SWIFT Bank Transfer and PayID/Osko
Beginner Friendly Image Image
Built-In Wallet Image Image
Fiat Support AUD, NZD, USD and SGD AUD Only
Other Features OTC and SMSF Support, Crypto Tax Tool and Automated Dollar Coast Averaging OTC and SMSF Support
Risks/Red Flags None Leaked customer data: December 2020
24HR Volume Average AU$15,000,000 AU$ 12,000,000

The Final Verdict

While BTC Markets and Independent Reserve provide similar offerings as orderbook exchanges with deep liquidity, we take the view that Independent Reserve takes the win based on some key points of difference.

Firstly, the liquidity on Independent Reserve is generally deeper, which results in a better execution price if you're buying or selling crypto. The other aspect is fees - Independent Reserve is considerably cheaper at 0.5% per trade compared to 0.85%.

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