Independent Reserve Review 2024

3.8/10 (Expert Score)
Company is rated as #62 in category Crypto exchanges

Best Crypto Alternatives

okx.com

okx.com

Tradable Coins
350+
Trading Fees
0-0.1%
9.5
bybit

bybit.com

Tradable Coins
350+
Trading Fees
0-0.1%
9.4
bingx.com

bingx.com

Tradable Coins
385+
Trading Fees
0-0.1%
9

Top Crypto Brokers & Apps β†’

Independent Reserve review: Independent Reserve is a popular cryptocurrency exchange platform that was founded in 2013 in Sydney, Australia. The platform provides a secure and reliable environment for individuals and institutions to buy, sell, and trade a wide range of digital assets, including Bitcoin, Ethereum, Ripple, and many others.

One of the key features of Independent Reserve is its commitment to security. The platform utilizes industry-leading security protocols and practices to ensure the safety of user funds and personal information. It employs multi-factor authentication, cold storage for funds, encrypted communication channels, and regular security audits to mitigate the risk of unauthorized access and hacking.

Independent Reserve

In addition to its trading services, Independent Reserve offers a range of additional features. The platform provides a dedicated OTC (over-the-counter) desk for high-volume traders who require personalized service and competitive pricing. It also offers a robust API (application programming interface) that allows developers to build custom trading bots, integrate third-party applications, and access real-time market data.

πŸ“… Year of Establishment2013
πŸ’± Coins:28+
πŸ’° Min depositFrom $1
βš–οΈ Leverage1:1
πŸ’Ή Trading feesFrom 0%
πŸ’³ P2P platform❌
πŸ“± Mobile appsiOS, Android
πŸ—ΊοΈ HeadquartersSydney, Australia
Advantages:
  • Strong security measures
  • Regulatory compliance
  • User-friendly interface
  • Deep liquidity
  • Dedicated OTC desk
  • Robust API for developers
  • Excellent customer support
Disadvantages:
  • Limited cryptocurrency options compared to some other exchanges
  • Restricted availability in certain regions

Overall Independent Reserve Review

Overall, Independent Reserve has established itself as a reputable and trustworthy cryptocurrency exchange platform. With its focus on security, regulatory compliance, user-friendly interface, and additional features, it continues to attract both individual and institutional investors who seek a reliable platform to engage in cryptocurrency trading.

Go to Independent Reserve website

Top Reviews

Best customer reviews of Independent Reserve

The site administration cannot guarantee review accuracy and lacks the technical means to verify if authors are actual customers. Reviews lacking detail and purely emotional in nature are disregarded.

I have been using Independent Reserve for over a year, and I must say, their security measures are top-notch. With features like multi-factor authentication, cold storage, and encrypted communication, I feel confident that my funds and personal information are well protected. The platform's commitment to security is truly commendable, making it a reliable choice for cryptocurrency trading.

Benjamin Mitchell
Benjamin Mitchell
Australia

Independent Reserve offers a user-friendly interface that is easy to navigate. The platform provides essential trading tools and features, such as real-time price charts and order books. While it gets the job done and allows for smooth trading experiences, I find that it lacks some advanced features and customization options that could enhance the overall trading experience.

Ng Wei Lun
Ng Wei Lun
Singapore

I had a disappointing experience with Independent Reserve's customer support. I encountered an issue with a transaction, and it took several days and multiple follow-ups to receive a response. The lack of timely assistance was frustrating, especially when dealing with financial matters. Improved responsiveness and efficiency in customer support would greatly enhance the user experience on the platform.

Robert Davis
Robert Davis
United States

Expert Review

Expert Review of Independent Reserve

As a financial expert, I have thoroughly examined the reliability of the Independent Reserve exchange, and I am impressed with its performance in several key areas.

First and foremost, Independent Reserve prioritizes security. The platform has implemented robust security measures, including multi-factor authentication, cold storage for funds, and encrypted communication channels. These measures significantly reduce the risk of unauthorized access and hacking incidents, providing users with a secure environment for their cryptocurrency trading activities. This dedication to security is essential in an industry prone to cybersecurity threats.

Secondly, Independent Reserve demonstrates a strong commitment to regulatory compliance. As a registered digital currency exchange with the Australian Transaction Reports and Analysis Centre (AUSTRAC), it operates in accordance with anti-money laundering (AML) and know-your-customer (KYC) regulations. This regulatory oversight ensures that the platform maintains a high level of transparency and accountability, which is vital for fostering trust and confidence among users.

Furthermore, Independent Reserve has established itself as a reliable and trustworthy platform through its robust infrastructure and technical stability. The platform maintains deep liquidity pools, allowing for seamless trading experiences even during periods of high market volatility. Additionally, Independent Reserve provides a user-friendly interface, which enhances the overall trading experience for both beginners and experienced traders alike.

In terms of customer support, Independent Reserve excels in providing timely and responsive assistance. The platform's customer support team is readily available to address user inquiries and resolve any issues that may arise. This level of customer support is crucial in the cryptocurrency industry, where quick resolution of problems can make a significant difference in user satisfaction.

In conclusion, as a financial expert, I can confidently state that Independent Reserve is a reliable and dependable cryptocurrency exchange. Its strong security measures, regulatory compliance, robust infrastructure, and excellent customer support contribute to its reputation as a trustworthy platform. Traders can engage in their cryptocurrency transactions with peace of mind, knowing that Independent Reserve has taken significant steps to ensure their security and overall trading experience.

Roman_Mukhin
Roman Mukhin
Financial expert and analyst at TradersHero.com

Trading cryptocurrencies on Independent Reserve involves substantial risks due to the inherent volatility of the cryptocurrency market. Prices can fluctuate significantly within short periods, and this volatility can lead to potential losses. Traders should be aware of the risks associated with sudden price movements and carefully consider their risk tolerance before engaging in trading activities.

Independent Reserve Ern

Investment Programs


While Independent Reserve primarily serves as a cryptocurrency exchange platform for buying, selling, and trading digital assets, it does not directly offer programs specifically designed for earning money. However, there are several ways to potentially generate income using Independent Reserve as a trading platform:

Trading: Traders can utilize Independent Reserve's features, such as market orders, limit orders, and stop orders, to engage in active trading strategies. By speculating on the price movements of cryptocurrencies, traders aim to buy assets at lower prices and sell them at higher prices, generating profits from the price differences.
Arbitrage: Arbitrage involves taking advantage of price discrepancies across different cryptocurrency exchanges. Traders can leverage Independent Reserve's competitive pricing and liquidity to identify opportunities where they can buy assets at a lower price on one exchange and sell them at a higher price on another, pocketing the difference as profit.
Long-term investments: You may consider investing in established and promising cryptocurrencies for the long term. This requires a fundamental analysis of the projects, looking at their fundamentals, development team and other factors affecting their growth potential over the long term.

While Independent Reserve focuses on providing a secure and reliable environment for buying, selling, and trading digital assets, the platform does not directly facilitate staking activities. Instead, Independent Reserve's core functionality revolves around facilitating seamless transactions and offering trading features such as market orders, limit orders, and stop orders.

If you are specifically interested in staking, it may be necessary to explore other cryptocurrency platforms or decentralized finance (DeFi) protocols that cater to staking services. Various platforms specialize in staking and offer opportunities for users to engage in network validation and earn rewards through the staking process.

While Independent Reserve strives to maintain deep liquidity, there may be instances where certain cryptocurrencies experience lower liquidity levels. This can impact the ease of executing trades, potentially resulting in delays or less favorable prices. Traders should be cautious when trading illiquid cryptocurrencies and be prepared for potential difficulties in buying or selling assets.

Best Copy Trading Platforms

bybit

Bybit.com Review

okx.com

OKX.com Review

htx

HTX.com Review

All Copy Trading Platforms β†’

Conditions

Trading Conditions for Independent Reserve Users

Independent Reserve offers favorable trading conditions for its users. First, there is no set minimum deposit requirement, allowing traders to determine the amount they want to deposit based on their individual preferences and trading goals. This flexibility accommodates traders of various budgets.

Leverage is not available on Independent Reserve, meaning traders operate with a 1:1 leverage ratio. While leverage can amplify potential gains, it also carries higher risks. By offering a 1:1 leverage ratio, Independent Reserve promotes responsible trading practices and helps users manage their risk exposure effectively.

The platform provides 24/7 customer support to assist users with any inquiries or issues they may encounter. Traders can reach out to the support team through the “Contact” option in the “Support” section of the website. Additionally, Independent Reserve maintains a presence on popular social media platforms, including Reddit, Facebook, Twitter, and LinkedIn, where users can engage and receive assistance from technical specialists.

Traders on Independent Reserve benefit from a proprietary trading platform that offers a convenient and functional trading terminal. The platform is designed to facilitate seamless and efficient trading experiences, enabling users to execute their trades with ease. With a user-friendly interface and advanced trading tools, Independent Reserve's platform caters to both novice and experienced traders.

Depositing and withdrawing funds on Independent Reserve is straightforward, with multiple options available. Users can choose from bank cards and accounts, electronic wallets, and cryptocurrencies to deposit and withdraw funds. This diverse range of options provides convenience and flexibility for users to manage their funds according to their preferences.

When it comes to commission fees, Independent Reserve charges a market-based commission on trading operations. The fees vary depending on the user's trading volume and level, ranging from 0.02% to 0.5%. Higher trading volumes can lead to reduced fees, providing an incentive for active traders to benefit from lower transaction costs.

Overall, Independent Reserve offers favorable trading conditions, including flexible deposit requirements, a 1:1 leverage ratio, 24/7 customer support, a user-friendly trading platform, diverse deposit and withdrawal options, and competitive commission fees. These features make Independent Reserve a platform of choice for traders looking for a reliable and user-centric trading experience.

πŸ“… Year of Establishment2013
πŸ’± Coins:28+
πŸ’° Min depositFrom $1
βš–οΈ Leverage1:120
πŸ’Ή Trading feesFrom 0%
πŸ’³ P2P platform❌
πŸ” Copy Trading❌
πŸ“Š DeFi Staking❌
πŸ–ΌοΈ NFT❌
🏦 Crypto Loans❌
πŸ”“ Demo accountβœ…
πŸš€ Launchpad❌
πŸ“± Mobile appsiOS, Android
πŸ“ž Customer ServiceForums, Chat, Email
πŸ‘©β€πŸ’Ό SupportMultilingual
πŸ—ΊοΈ HeadquartersSydney, Australia

Risk Warning

Comparison

Comparison of Independent Reserve with other Crypto Exchanges

Coins
Trading fees
iOS, Android
Directives
Leverage
Staking
COPY TRADING
P2P platform
Independent Reserve
Open Account
Coins
28+
Trading fees
From 0%
iOS, Android
Directives
Leverage
1:1
Staking
COPY TRADING
P2P platform
Coins
385+
Trading fees
From 0%
iOS, Android
Directives
Leverage
1:125
Staking
COPY TRADING
P2P platform
Coins
360+
Trading fees
From 0%
iOS, Android
Directives
Leverage
1:100
Staking
COPY TRADING
P2P platform
Coins
815+
Trading fees
From 0%
iOS, Android
Directives
Leverage
1:100
Staking
COPY TRADING
P2P platform
Coins
350+
Trading fees
Maker fee from -0.05%
iOS, Android
Directives
Leverage
1:100
Staking
COPY TRADING
P2P platform
Coins
490+
Trading fees
From 0.0015%
iOS, Android
Directives
Leverage
1:100
Staking
COPY TRADING
P2P platform
Coins
400+
Trading fees
From -0.01%
iOS, Android
Directives
Leverage
1:100
Staking
COPY TRADING
P2P platform

Crypto Exchanges comparison table of trading instruments

Independent Reserve
VS
Bybit
VS
Kucoin
Spot
VS
VS
Margin Trading
VS
VS
Futures
VS
VS
Options
VS
VS
NFT
VS
VS
DeFi Staking
VS
VS
Crypto Loans
VS
VS
Launchpad
VS
VS

Commissions

Independent Reserve Accounts, Commissions & Fees

Independent Reserve offers different types of accounts to cater to various user needs. These include personal accounts, company accounts, SMSF (Self-Managed Super Fund) accounts, and trust accounts. Each type of account is designed to accommodate different user requirements and legal structures.

When it comes to commissions and fees, Independent Reserve charges a market-based commission on trading operations. The commission fees vary depending on the trading volume and level of the user. Generally, the more a user trades, the lower the commission fee. The fee structure ranges from 0.02% to 0.5%, with higher trading volumes attracting reduced fees. Independent Reserve provides detailed information about the commission fees and trading levels on their website or in the corresponding section of their knowledge base.

It's important to note that Independent Reserve may also charge withdrawal fees for transferring funds from the platform to external wallets or bank accounts. These withdrawal fees vary depending on the specific cryptocurrency or fiat currency being withdrawn.

In terms of deposit and withdrawal methods, Independent Reserve supports a range of options. Users can deposit funds using bank accounts, cards, electronic wallets, and cryptocurrencies. The availability of specific deposit and withdrawal methods may vary based on the user's location and regulatory requirements.

It's recommended to review the most up-to-date information on Independent Reserve's website or contact their customer support for detailed and accurate information regarding specific accounts, commissions, and fees.

Trade on the trusted crypto exchange

Feature nameIndependent ReserveCoinSpotEasyCryptoGemini
Trading fees0.50% – 0.02%1.00% – 0.10%0.90% – 0.70%3.99% – 0.50%
Instant deposits & withdrawalsYesNoYesNo
Supported currenciesAUD & SGDAUD onlyAUD & NZDUSD
Multi-currency tradingYesNoNoYes
Daily deposit limitUnlimited*$100k*$100k*$5k*
Automated recurring buys (DCA)YesNoYesNo
Automated trading via APIYesYesNoYes
Transparent order bookYesNoNoNo
Mobile appYesNoYesNo
Personal accountsYesYesYesYes
Company accountsYesNoNoYes
SMSF accountsYesNoNoNo
Trust accountsYesNoNoNo
OTC trading deskYesNoNoNo
KPMG crypto tax estimatorYesNoNoNo
Blockchain Australia certifiedYesNoNoNo
ISO 27001 certificationYesNoNoNo

The cryptocurrency industry is subject to evolving regulatory and legal landscapes. Changes in regulations or government policies can have a significant impact on the operations and availability of cryptocurrency exchanges, including Independent Reserve. Traders should stay informed about regulatory developments in their jurisdiction and assess the legal risks associated with cryptocurrency trading.

Risk Warning

Final review

Detailed review of Independent Reserve

Independent Reserve is an esteemed cryptocurrency exchange platform that originated in Sydney, Australia back in 2013. It serves as a trusted hub for individuals and institutions alike to engage in the buying, selling, and trading of various digital assets, including popular cryptocurrencies such as Bitcoin, Ethereum, Ripple, and more.

One of the core strengths of Independent Reserve lies in its unwavering commitment to security. With a priority placed on safeguarding user funds and personal information, the platform employs state-of-the-art security protocols and practices. This encompasses multi-factor authentication, cold storage for funds, encrypted communication channels, and regular security audits. These measures effectively minimize the risk of unauthorized access and hacking incidents, fostering a secure environment for users.

In terms of compliance, Independent Reserve is renowned for its adherence to regulatory standards. As a registered digital currency exchange with the Australian Transaction Reports and Analysis Centre (AUSTRAC), the platform ensures strict compliance with anti-money laundering (AML) and know-your-customer (KYC) regulations. This dedication to compliance not only instills trust in users but also facilitates the integration of digital assets into the traditional financial system.

The user experience on Independent Reserve is designed to cater to both novice and seasoned traders. The platform offers an intuitive interface, whether accessed through the website or mobile app, providing easy navigation and access to a wide array of trading tools and features. Users can execute trades using different order types, such as market orders, limit orders, and stop orders, allowing them to align their strategies with their preferences. Additionally, real-time price charts, order books, and trade history are available to assist users in making informed decisions.

Note
Beyond its trading services, Independent Reserve presents additional features to enhance the user experience. The platform boasts a dedicated OTC (over-the-counter) desk tailored to high-volume traders who require personalized service and competitive pricing. Furthermore, Independent Reserve offers a robust API (application programming interface) that empowers developers to build custom trading bots, integrate third-party applications, and access real-time market data.

Independent Reserve has gained a solid reputation within the cryptocurrency community, thanks to its reliability, liquidity, and exceptional customer support. The platform ensures deep liquidity pools to ensure seamless trading experiences, even during periods of intense market volatility. Moreover, its customer support team remains readily available to promptly address user inquiries and issues, delivering timely and valuable assistance.

Overall, Independent Reserve stands as a reputable and dependable cryptocurrency exchange platform. By prioritizing security, regulatory compliance, a user-friendly interface, and a range of additional features, the platform continues to attract individual and institutional investors who seek a reliable venue to engage in cryptocurrency trading

Advantages:

Benefits of the platform:

High Liquidity: Independent Reserve maintains deep liquidity pools, enabling users to execute trades quickly and efficiently. The platform's liquidity ensures that traders can enter and exit positions without significant slippage, providing a smooth trading experience even during periods of high market volatility.
Wide Range of Cryptocurrencies: Independent Reserve offers a diverse selection of cryptocurrencies for trading. Users can access popular cryptocurrencies like Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), Litecoin (LTC), and many more. The availability of a wide range of cryptocurrencies allows users to diversify their portfolios and explore various investment opportunities.
Responsive Customer Support: The exchange offers responsive customer support to assist users with any inquiries or issues they may encounter. The support team is readily available to provide assistance through various channels, including email, live chat, and social media platforms.
User-Friendly Interface: Independent Reserve provides a user-friendly interface that caters to both beginners and experienced traders. The platform's intuitive design and comprehensive trading tools allow users to navigate the platform easily, monitor market movements, and execute trades seamlessly.
Strong Security Measures: The exchange prioritizes security by implementing robust measures to protect user funds and personal information. These include features like two-factor authentication (2FA), cold storage for funds, encrypted communication channels, and adherence to strict regulatory standards.
Regulatory Compliance: Independent Reserve is a registered digital currency exchange with the Australian Transaction Reports and Analysis Centre (AUSTRAC), ensuring compliance with anti-money laundering (AML) and know-your-customer (KYC) regulations. This regulatory oversight promotes transparency and trust in the platform.

Independent Reserve Regulator

Independent Reserve operates under regulatory oversight and is registered with the Australian Transaction Reports and Analysis Centre (AUSTRAC). AUSTRAC is the financial intelligence agency of the Australian government responsible for enforcing anti-money laundering (AML) and counter-terrorism financing (CTF) regulations. By being registered with AUSTRAC, Independent Reserve is compliant with the AML/CTF laws and regulations in Australia.

The registration with AUSTRAC demonstrates Independent Reserve's commitment to maintaining a secure and transparent environment for its users. It ensures that the exchange adheres to strict compliance measures, such as conducting customer due diligence, implementing robust know-your-customer (KYC) procedures, and reporting suspicious activities.

By complying with regulatory requirements, Independent Reserve aims to prevent illicit activities, protect user funds, and foster trust and confidence in the cryptocurrency industry. The regulatory oversight helps establish Independent Reserve as a reputable and trustworthy cryptocurrency exchange within the Australian market.

Risk Warning

Promotions

Bonuses Paid by the Independent Reserve

Bonuses

Independent Reserve does not advertise or mention bonus programs on its platform. It is important to note that cryptocurrency exchanges may have different policies and approaches regarding bonuses or promotional offers, which may change over time.

While Independent Reserve is focused on providing a safe and secure platform for cryptocurrency trading, it may introduce promotions or incentives for users from time to time. These promotions may include reduced trading fees, referral programs, or other benefits. However, for up-to-date information on bonuses and promotions, it is recommended to visit Independent Reserve's website or contact support directly.

Before taking part in bonuses or promotions, it is necessary to familiarize yourself with their terms and conditions. This ensures that users are aware of all bonus requirements and restrictions and can make informed decisions based on their individual circumstances and trading objectives.

Education

Review of the Independent Reserve Education Program

The exchange does not have a specific education program mentioned on their platform. However, they provide a comprehensive knowledge base and resources to support users in understanding and navigating their cryptocurrency exchange.

The Independent Reserve knowledge base includes a range of articles, tutorials, and FAQs that cover various aspects of cryptocurrency trading, account management, security, and other related topics. These resources aim to educate users about the functionalities of the platform, trading strategies, and best practices in the cryptocurrency market.

While Independent Reserve may not have a formalized education program, their knowledge base serves as a valuable self-learning resource for users to enhance their understanding of cryptocurrencies and trading on the platform. It's recommended for users to explore the knowledge base and utilize the available resources to gain knowledge and stay updated with the latest developments in the cryptocurrency industry.

Additionally, Independent Reserve may organize webinars, workshops, or events from time to time to provide educational opportunities for users. It is advised to check the Independent Reserve website or subscribe to their newsletter for any announcements regarding educational events or programs.

It's important for users to continue educating themselves through reliable external sources, such as reputable cryptocurrency news platforms, forums, and educational websites, to stay informed and make informed decisions in the dynamic and evolving cryptocurrency market.

Best Online Trading Courses

Investors Underground

Investors Underground Review

udemy

Udemy.com Review

Bullish Bears

Bullish Bears Review

Show all trading schools β†’

latest posts

Rating and Comments

Independent Reserve Users Reviews 2024

5.5 Total Score
21 reviews
Overall score

Based on all reviews

3.8Expert Score
Investment instruments
3
Deposits and withdrawals
4.3
Customer service
3.7
Trading platform
4
7.2User's score
Investment instruments
7.5
Deposits and withdrawals
7
Customer service
7
Trading platform
7.6
Add your review  |  Read reviews and comments

Authors:

Roman_Mukhin

Roman Mukhin
Financial expert, analyst and author

Jane Emberg

Jane Emberg
Financial analyst and editor

Best Crypto ExchangesOverall Ranking
3 Comments
Show all Most Helpful Highest Rating Lowest Rating Add your review
  1. 1
    Investment instruments
    20
    Deposits and withdrawals
    30
    Customer service
    10
    Trading platform
    20

    I had a fantastic experience using Independent Reserve for my cryptocurrency trading. The platform’s user interface was sleek, intuitive, and easy to navigate. It made executing trades a breeze, and I appreciated the smooth user experience it provided.

    Helpful(0) Unhelpful(0)You have already voted this
  2. 1.1
    Investment instruments
    20
    Deposits and withdrawals
    20
    Customer service
    30
    Trading platform
    20

    The withdrawal process on Independent Reserve was seamless and efficient. I could easily transfer my funds to my bank account without any delays or complications. It was refreshing to experience such smooth withdrawals, making Independent Reserve a reliable platform for managing my assets.

    Helpful(0) Unhelpful(0)You have already voted this
  3. 1
    Investment instruments
    20
    Deposits and withdrawals
    30
    Customer service
    10
    Trading platform
    20

    The customer support on Independent Reserve was top-notch. Whenever I had a question or encountered an issue, their team was quick to respond with helpful and detailed solutions. Their professionalism and attentiveness made me feel valued as a customer.

    Helpful(0) Unhelpful(0)You have already voted this

Leave a reply

tradershero.com

Follow us​

[email protected]

Risk disclosure:
The TradersHero.com website offers information for educational purposes only and is not a recommendation or invitation for visitors to invest their money. We would also like to caution that Forex and CFD trading is inherently risky: according to statistics, most clients lose their investment, and only a small percentage of traders make a profit (10-30%).
It is important to invest only the money that you are ready and able to lose at such high risks. Please note that we do not offer any financial services, including investments or financial advice. In addition, we are not a broker and do not receive compensation for trading in the Forex or CFD markets. Our website exclusively provides information about brokers and markets, helping users make informed decisions by providing detailed information and unbiased analysis of brokers.

Disclaimer:
Warning! Trading Forex, CFDs and cryptocurrencies involves high risk and is not suitable for everyone. Our website provides information about brokers and markets to help users choose the best brokerage. TradersHero.com is not responsible for the trading decisions made by clients or any loss of capital resulting from the use of the website. Any payments to users of the website are solely an incentive for activity on the website and cannot be considered in relation to the services provided by brokers. The site does not verify the accuracy and validity of user comments and reviews, and all references to companies and brands are made in the context of publicly significant information. The ratings and figures on the website are the subjective opinions of the authors and should not be construed as accurate statements or be the subject of disputes or claims against TradersHero.com.

2024Β© tradershero.com All right reserved.

TradersHero.com
Logo