Who is
Independent Reserve?
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The Bitcoin and
Digital Currency
Market

From the CEO

It's revolutionised finance, and we've had to adjust our preconceptions about what money actually is.

Adrian Przelozny
Chief Executive Officer

CEO shows how to get started

We have a number of sophisticated security options, for your peace of mind.

Adrian Przelozny
Chief Executive Officer

Scheduled Maintenance Complete – All systems operational

27 May 2017 18:13
Adrian Przelozny, CEO

Scheduled Maintenance Complete – All systems operational

Market expert on the growth of Bitcoin

Major global businesses have begun accepting and transacting in Bitcoin.

Lasanka Perera
Chief Business Development Officer
MD Global FX Partners

The People's Money - Bitcoin

Adam Tepper, founding partner of Independent Reserve, explains the concepts behind Bitcoin in an approachable and easy to understand way.

Adam's book leaves the reader with a solid understanding of this revolutionary new technology and the vast potential that it brings.

Get the Book

The People's Money - Bitcoin'

Independent Reserve is a Bitcoin and Digital Currency exchange where investors, traders and everyday people come to buy and sell Bitcoin and Ether

XBT XBT ETH ETH

XBT XBT ETH ETH

Independent Reserve is a registered Australian company, underpinned by Australia's highly regulated financial sector. We are audited annually by one of the world's most respected auditing firms - read more about our governance.

The technology behind Independent Reserve is our proprietary Airmarshal™ platform, which provides a secure, robust, scalable system for online trading. We also provide the secure Airbridge™ API for third parties integrating with Independent Reserve.

Buy and sell Bitcoin and Ether using any of our three supported currencies

USD USD AUD AUD NZD NZD

USD USD AUD AUD NZD NZD

Four Easy Steps

In four easy steps, you can be securely trading Bitcoin and Ether.

Create an Account

It doesn't cost anything, and it only takes a moment.

Verify your Identity

We are legally required to verify your identity before you can trade. We will ask for some personal information, and then send you a security code in the mail. Once you've entered the code mailed to you, your account will be immediately ready to trade.

Deposit Funds

To buy Bitcoin or Ether, you need to first deposit funds into your account. For Australian customers we accept Electronic Funds Transfer. International customers may make a SWIFT transfer into our bank account. To sell Bitcoin or Ether, you may deposit Bitcoin and Ether into your Independent Reserve account.

Buy and Sell Bitcoin and Ether

Once your account is funded, you may then follow the prompts to buy and sell Bitcoin or Ether. When you're finished, you may keep your money at Independent Reserve for safekeeping, or withdraw it to your own Bitcoin or Ether wallet or bank account.

Create an Account

It doesn't cost anything, and it only takes a moment.

Verify your Identity

We are legally required to verify your identity before you can trade. We will ask for some personal information, and then send you a security code in the mail. Once you've entered the code mailed to you, your account will be immediately ready to trade.

Deposit Funds

To buy Bitcoin or Ether, you need to first deposit funds into your account. For Australian customers we accept Electronic Funds Transfer. International customers may make a SWIFT transfer into our bank account. To sell Bitcoin or Ether, you may deposit Bitcoin and Ether into your Independent Reserve account.

Buy and Sell Bitcoin and Ether

Once your account is funded, you may then follow the prompts to buy and sell Bitcoin or Ether. When you're finished, you may keep your money at Independent Reserve for safekeeping, or withdraw it to your own Bitcoin or Ether wallet or bank account.

Multi-Currency Trading

Independent Reserve facilitates trading Bitcoin and Ether in three currencies: USD, AUD and NZD. When depositing funds into your Independent Reserve account, you can choose to credit any of your accounts.

Independent Reserve features a multi-currency order book which automatically converts all open orders into your currency of choice. This means that you can take advantage of the full pool of open orders to always get the best possible price when trading Bitcoin (Ether), as someone using AUD can transparently buy Bitcoin (Ether) from another user who trades in USD or NZD, and vice versa.

  Usd Aud Nzd
1 Usd = 1 1.3294 1.3929
1 Aud = 0.7276 1 1.0299
1 Nzd = 0.6902 0.9298 1

Fee Schedule

Independent Reserve does not collect GST on the value of Bitcoin or Ether bought or sold.

The ATO have recently released guidance on Bitcoin and Digital Currency treatment under GST, which may require Australian suppliers of Bitcoin and Digital Currency to charge GST on the supply of Bitcoin and Digital Currency in some circumstances.

Independent Reserve provides an open marketplace for buyers and sellers, and does not buy or sell Bitcoin or Ether in its own right. Therefore we are not required to collect GST on the value of Bitcoin or Ether traded.

Independent Reserve does include GST as part of the brokerage fee charged to Australian customers, however this GST is absorbed within the standard 0.5 % trading fee and ultimately paid out of our own profits.

Trade commission As low as 0.1 %, click here for full fee schedule
Electronic Funds Transfer deposits Electronic Funds Transfer deposits of AUD 100.00 and above are free
(smaller deposits incur a $0.99 processing fee)
POLi deposits POLi deposits incur a $3.30 processing fee
SWIFT deposits SWIFT deposits of $5,000.00 equivalent and above are free
(smaller deposits incur a $15.00 processing fee)
Crypto Capital deposits Crypto Capital deposits of $5,000.00 equivalent and above are free
(smaller deposits incur a $10.00 processing fee)
Bitcoin and Ether deposits Free
Australian AUD withdrawals Free
International or non AUD withdrawals $20.00
Bitcoin withdrawals XBT 0.0007
Ether withdrawals ETH 0.02
Airbridge™ API Free

In the Media

Our policy on a possible Bitcoin hard fork

20 Mar 2017 21:37
Adrian Przelozny, CEO

As many of you are no doubt aware, there has been heated debate in the Bitcoin community in recent months about the best way of scaling the Bitcoin protocol to support greater transaction throughput.

This debate has led to a situation where it is possible that a hard fork may occur at some time in the future, with the Bitcoin blockchain splitting into two. This may result in two different versions of Bitcoin going forward.

I would like to provide some clarity to our customers as to how Independent Reserve plans to handle the possible future hard fork between Bitcoin Unlimited and Bitcoin Core versions of the Bitcoin protocol. The hard fork, if it were to occur presents a major challenge for Bitcoin exchanges worldwide. At present there is no suitable solution proposed to the ‘Replay Attack’ problem, meaning that there is no reliable way to send Bitcoin on a single fork of the chain, immediately after a hard fork occurs.

Another source of concern is that there is no reliable timeline at present as to when the potential hard fork may occur. It is possible that the network could fork at an unexpected moment in the near future.

To address these concerns, we have… click for more

Our policy on a possible Bitcoin hard fork


Christmas and New Year Operations

21 Dec 2016 14:36
Jan Przelozny

Please be advised that no fiat deposits or withdrawals will be processed on December 25-26 and also January 1st. All other aspects of Independent Reserve will continue to function as normal.

Best wishes for Christmas and the New Year from the whole Independent Reserve team.

Christmas and New Year Operations


Introducing SMSF Accounts

3 Dec 2016 15:21
Adrian Przelozny, CEO

We are pleased to announce today the introduction of Self-Managed Super Fund (SMSF) accounts on Independent Reserve.

We are very excited to be able to provide this service to our customers who wish to use Digital Currency as part of their retirement investment portfolio.

Introducing SMSF Accounts

Industry News

From July 2017, Bitcoin And Other Digital Currency Will No Longer Be Taxed Twice In Australia

25 May 2017 21:02
Jan Przelozny

As part of its push to foster innovation and fintech startup businesses in Australia, the government’s 2017 Federal Budget will cut the GST for purchases of digital currency, allowing Bitcoin and online games’ in-game money to be treated just like plain Australian dollars for tax purposes.

Please note: Independent Reserve did not and will not collect GST on the value of Digital Currency bought or sold during the Bitcoin GST period. For more information on the pre July 2017 GST policy check out our help section under the heading ‘fee schedule’.

Thankyou for your continued support.

Click here to read the full story on gizmodo.com

From July 2017, Bitcoin And Other Digital Currency Will No Longer Be Taxed Twice In Australia


Japanese Airline Accepts Bitcoin As Cryptocurrency Fever Spreads Across the Region

25 May 2017 20:57
Jan Przelozny

Bitcoin is surging in Japan in regards to popularity and trade volume, since the country legitimized the digital currency as a legal form of payment this past April. Now one of Japan’s largest discount airline providers Peach Aviation Ltd. has announced it will be the first Japanese service to accept bitcoin for airline ticket.

Click here to read the full story on bitcoin.com

Japanese Airline Accepts Bitcoin As Cryptocurrency Fever Spreads Across the Region

Education

An Introduction to Bitcoin and Blockchain Technology

31 Jan 2017 16:10
Adrian Przelozny, CEO

Bitcoin and blockchain technologies have received a lot of press coverage in recent times, and it is important to understand the relationship and differences between the two.

In this article we aim to explain and demystify some of the key concepts underpinning these technologies.

Bitcoin is a Digital Currency and a peer-to-peer payment network. Transactions are verified by nodes on the network, and stored on a global, public ledger called the blockchain.

A bitcoin refers to a unit of account on the blockchain. It is a digital currency created and held electronically, that is produced by people running specialised computers all around the world. This creation process is referred to as ‘mining’ and consists of using computing power in the distributed network to solve mathematical problems. The mining process is very computationally intensive, and it is what provides security for all the transactions on the Bitcoin network.

Bitcoin is decentralized and completely transparent thanks to the Bitcoin blockchain, which stores details of every single transaction that has ever occurred on the network. There are many free websites available online where anyone can inspect and view any transaction which has ever taken place on the Bitcoin network.

Bitcoin was created in 2009, by a pseudonymous programmer… click for more

An Introduction to Bitcoin and Blockchain Technology


Adam Tepper answers some common questions about Bitcoin

12 Oct 2014 10:41
Adrian Przelozny, CEO

Adam Tepper answers some common questions about Bitcoin


Market analysis with Lasanka Perera

1 Oct 2014 21:12
Adrian Przelozny, CEO

Market analysis with Lasanka Perera


Adrian Przelozny, CEO, talks Bitcoin security

1 Oct 2014 03:44
Adrian Przelozny, CEO

Adrian Przelozny, CEO, talks Bitcoin security

Xbt / Aud Trade History

What others are saying

Independent Reserve has been able to merge expertise in technology, with a strong foundation in finance.

Michael Go
Chairman, Advisory Board