From the CEO
It's revolutionised finance, and we've had to adjust our preconceptions about what money actually is.
CEO shows how to get started
We have a number of sophisticated security options, for your peace of mind.
Sched. Maintenance: 26th August, 14:00 UTC+10. Expect 4 hour outage.
23 Aug 2017 08:32
Sched. Maintenance: 26th August, 14:00 UTC+10. Expect 4 hour outage.
Market expert on the growth of Bitcoin
Major global businesses have begun accepting and transacting in Bitcoin.
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.
Independent Reserve is a Bitcoin and Digital Currency exchange where investors, traders and everyday people come to buy and sell Bitcoin and Ether
XBT
ETH
XBT
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
AUD
NZD
USD
AUD
NZD
Four Easy Steps
In four easy steps, you can be securely trading Bitcoin and Ether.
Create an AccountIt doesn't cost anything, and it only takes a moment. |
Verify your IdentityWe 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 FundsTo 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 EtherOnce 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. |
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|
Create an AccountIt doesn't cost anything, and it only takes a moment. |
|
|
Verify your IdentityWe 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 FundsTo 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 EtherOnce 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 | 1.2513 | 1.3630 |
| 1 Aud = | 0.7730 | 1 | 1.0707 |
| 1 Nzd = | 0.7055 | 0.8944 | 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 0.004 |
| Bitcoin Cash withdrawals | BCH 0.0007 |
| Airbridge™ API | Free |
In the Media
Trading of Bitcoin Cash (BCH)
5 Aug 2017 17:52
Today we have taken the first step in implementing support for Bitcoin Cash (BCH).
All customers will now find that they have a ‘BCH’ account on the Accounts screen, with a balance equal to that of their Independent Reserve Bitcoin (XBT) balance as at 1st August 2017, 23:16:14 UTC +10.
We plan to enable BCH trading on Monday, the 7th of August at 15:00 UTC +10.
Please take care when placing orders as we expect initial liquidity to be low. We highly recommend using Limit Orders rather than Market orders which may execute at unexpected price points due to low liquidity on the BCH market.
BCH deposits and withdrawals will be enabled at a later date, when we are confident that they can be implemented safely, with no risk to client funds.
Trading of Bitcoin Cash (BCH)
Update regarding Bitcoin Cash
3 Aug 2017 10:01
We are now in a position to explain in more detail how we will deal with Bitcoin Cash (BCH) which came into existence following the August 1 UAHF hard fork.
In the run up to the hard fork, we advised our customers that we had chosen not to interact with the UAHF chain, and that those who wanted to receive Bitcoin Cash (BCH) immediately after the fork should withdraw their Bitcoin.
This was the best course of action to take at the time to ensure the continued stability and security of our platform.
For those customers who chose to leave their Bitcoin on Independent Reserve at the time of the fork, we recorded their BCH balances at the time of the last common block (block 478558), which was mined at 1st August 2017, 23:16:14 UTC +10.
These BCH balances will be made available to our customers as soon as it is safe for us to do so. A series of technical and safety requirements need to first be met before this can occur.
We will release further updates regarding this in the coming days and weeks.
Update regarding Bitcoin Cash
Bitcoin User Activated Hard Fork (UAHF)
20 Jul 2017 16:14
This is a supplement to the UASF announcement made on July 15, and concerns the Bitcoin User Activated Hard Fork proposal (UAHF).
User Activated Hard Fork (UAHF), including Bitcoin ABC, is a proposal to alter the Bitcoin protocol by creating a new fork of the Bitcoin software, which will operate on its own separate blockchain. Further details are available here.
The UAHF is scheduled to activate on approximately August 1, 2017.
The UAHF differs to UASF because it is incompatible with the current Bitcoin protocol and will create a separate blockchain.
Should the UAHF activate, Independent Reserve will not support the new UAHF blockchain or its associated coin (Bitcoin Cash). Any Bitcoin within customer accounts will remain accessible over the main blockchain only, and will not be converted into coins on the UAHF chain.
If you wish to ensure that you have access to any resultant UAHF coins, please withdraw your Bitcoin from Independent Reserve prior to July 30th, 18:00 UTC+10.
Thank you for your support and understanding.
Adrian Przelozny CEO, Independent Reserve
Bitcoin User Activated Hard Fork (UAHF)
Industry News
Australian Senators Call for Bitcoin to Be Official Currency
9 Aug 2017 14:25
Two Australian senators have pushed for the Reserve Bank of Australia to embrace bitcoin and make it an official currency. Without it, the country risks its financial competitiveness and being left behind, they said.
Read full story here
Australian Senators Call for Bitcoin to Be Official Currency
Guide to SMSF investing into Digital Currency
6 Aug 2017 18:46
A great guide to investing superannuation funds into Digital Currency via Independent Reserve!
Currently the only way to invest super in bitcoin is using self managed superannuation (SMSF)
You can set up an SMSF using an accountant of your choice near you. I used Squirrel Super as their team demonstrated the ability to understand and audit cryptocurrency investments. So look for this skill set in the accountant of your choice.
Once your SMSF is setup you will get a bank account for it to which you will transfer funds from your existing industry superannuation account.
Then sign up with an australian bitcoin exchange with your SMSF company details to purchase bitcoin/ethereum using your SMSF’s bank a/c.
I prefer to use Independent Reserve as they now have an Out of Box offering catering specifically to SMSF accounts
Please ensure you keep bitcoins/ether in a wallet you control once you have purchased them and also this wallet should be separate to your personal bitcoin wallet.
Ideally send all your SMSF purchased bitcoins/ether to a single address wallet so it is easier for annual audit purposes which SMSF’s are required to do. Your accountant will do this for you.
I personally use Copay Wallet as it has an Auditable Setting feature for the wallet which… click for more
Guide to SMSF investing into Digital Currency
Education
An Introduction to Bitcoin and Blockchain Technology
31 Jan 2017 16:10
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
Adam Tepper answers some common questions about Bitcoin
Adrian Przelozny, CEO, talks Bitcoin security
1 Oct 2014 03:44
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.
Why not see how easy it is to set up an account?
