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.
Scheduled Maintenance Complete – All systems operational
22 Jul 2017 17:24
Scheduled Maintenance Complete – All systems operational
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 | 1.2486 | 1.3199 |
| 1 Aud = | 0.7748 | 1 | 1.0392 |
| 1 Nzd = | 0.7283 | 0.9215 | 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 |
| Airbridge™ API | Free |
In the Media
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)
Bitcoin User Activated Soft Fork (UASF)
15 Jul 2017 11:46
On the 1st of August, the Bitcoin User Activated Soft Fork (UASF) is scheduled to activate. The UASF is intended to address scaling issues faced by the Bitcoin network by accelerating the adoption of Segregated Witness.
The activation of UASF may result in disruptions to the Bitcoin network and cause transactions to become unreliable for a period of time. It may also lead to a fork in the blockchain, resulting in two or more versions of Bitcoin.
In order to ensure the safety of customer funds, we will be temporarily suspending Bitcoin deposits and withdrawals on July 30th, at 18:00 UTC+10. We will enable this functionality only when we are confident that Bitcoin transactions can be processed reliably.
In the event of a permanent split in the Bitcoin blockchain, we will endeavor to make forked balances available for customer withdrawal, however this will be subject to our assessment of the technical risks posed by the fork, such as replay attacks and other factors that could create network instability.
Customers who wish to access their Bitcoin on both chains at the time of the fork should withdraw their Bitcoin from Independent Reserve since we cannot guarantee what will happen during the fork or when we… click for more
Bitcoin User Activated Soft Fork (UASF)
Ethereum Trading Fees Reduced
7 Jun 2017 19:43
In recognition of the recent increases in the price of ETH, we have taken steps to reduce the fees associated with ETH trading.
Our ETH Trade Volume Discount structure has been adjusted to reduce the monthly volume required to enjoy brokerage fee reductions.
We have also reduced our withdrawal fee to ETH 0.004.
Thank you all for your feedback and continued support of Independent Reserve.
Ethereum Trading Fees Reduced
Industry News
Swiss bank becomes first to offer bitcoin to its clients
14 Jul 2017 11:51
A Swiss bank is now offering to buy bitcoins for its clients. As of Wednesday, investors can ask their asset manager at Falcon Private Bank, a boutique investment firm headquartered in Zurich, to purchase and store bitcoin on their behalf – a first for conventional banks.
Read the full article in New Scientist here
Swiss bank becomes first to offer bitcoin to its clients
Countdown to SegWit: These Are the Dates to Keep an Eye On
13 Jul 2017 09:42
Bitcoin’s very public scaling debate is entering a crucial phase. Two of the most popular scaling proposals available today — BIP148 and SegWit2x — both intend to trigger Segregated Witness (“SegWit”) activation within a month, which means that the protocol upgrade could be live within two.
At the same time, there is a very real risk that Bitcoin “splits.” Both BIP148 and SegWit2x could diverge from the current Bitcoin protocol, which could in turn lead to even more splits.
We will be issuing a statement prior to July 29th detailing how Independent Reserve aims to handle these events.
Click here to read the full article in Bitcoin Magazine
Countdown to SegWit: These Are the Dates to Keep an Eye On
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.
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