Skip to content
Independent ReserveGo to the home page

eth

Graphic showing the title 'Native vs smart contract deposits explained' alongside a stylised digital hand signing a blockchain transaction on a holographic tablet. Branded with the Independent Reserve logo.

Ben RobertsKnowledge base

Native vs smart contract deposits explained

When you deposit native gas tokens (e.g., ETH on Ethereum, AVAX on Avalanche, or HYPE on HyperLiquid) into your Independent Reserve account, the way you send it matters. Deposits using the native “transfer” function are automatically credited. Internal transfers or transfers using smart contracts may not automatically be credited to your account and may be unrecoverable. We recommend starting with a small test deposit to your Independent Reserve deposit address if you are unsure whether your sending platform’s transaction will be routed via a smart contract or not. If your deposit isn’t credited to your account within 24 hours, or you can see on the blockchain explorer that your transfer is in the “Internal transfers” tab, please contact us via the support screen of your account.

Market-update

Independent ReserveMarket update

BTC A$58K. NFTs generate US$11.9B in first ten days of 2022

Although Bitcoin managed to break above AU$60K (US$43K) a few times, at the time of writing it had pulled back to around AU$58,700 (US$42.3K) for a -2% finish to the week. Ethereum gained 1.5% this week and is up around AU$4,400 (US$3.2K) while Cardano surged on positive network metrics and announcements and is up significantly by 38%. XRP was flat, Polkadot (4.5%) and Dogecoin (17%) both saw more significant gains. The Crypto Fear and Greed Index is at 22, or Extreme Fear which is pretty much where it's been stuck so far in 2022.

Market-update

Independent ReserveMarket update

BTC A$66K. "Hard to be too bearish" - Three Arrows Capital

The Bitcoin price is around one third down from its all-time high price a little over a month ago. But while sentiment is bearish, on chain metrics remain strong and miners are holding on to their coins, with outflows halving in the last month and unspent supply about to hit a new ATH. Bitcoin spent most of the week trading between AU$64K and AU$69K (US$46K to $50K) and finished the week roughly where it began, around AU$66,000. Ethereum gained 1% and is trading around AU$5,550, Cardano was flat, XRP was up 9% and Dogecoin gained 3%. The Crypto Fear and Greed Index spent the week in the 'Fear' zone, but fell today down to 25 or Extreme Fear.

Market-update

Independent ReserveMarket update

BTC A$72K. Sydney Swans partners with Independent Reserve

After its big weekend plunge, Bitcoin has been trundling along mostly below AU$70K/US$50K until today when it poked its head above. It's still down 12.6% for the week and is trading at just above AU$72,100 (US$50.9K). Ethereum has performed considerably better and is now just 2.4% on this time last week to trade around AU$6,150. Everything else was down including Cardano (-10.7%), Ripple (-16.6%) and Dogecoin (-17.5%). The Crypto Fear and Greed Index is at 16, or Extreme Fear, the lowest reading since July.

Market-update

Independent ReserveMarket update

BTC A$80K. Markets recover. Microstrategy buys another 7,002 BTC

Crypto markets held a Black Friday sale when they tanked AU$280B (US$200B) late last week along with share markets on fears of a scary new variant from Omicron Persei 8. Crypto Twitter immediately flipped the switch to suicidal and the Crypto Fear and Greed Index plunged to Extreme Fear, even as an obscure 'Omicron' token gained 900% (before crashing of course). Markets have since recovered with Bitcoin finishing the week flat at just under AU$81,000 (US$57.8K). Ethereum's up 5% on seven days ago to just above AU$6,200 (US$4.4K) but Cardano fell 12%, Ripple lost 7%. And it wouldn't be a BTC price dip without news that Microstrategy had bought an additional 7,002 Bitcoin at an average price of AU$82,821 (US$59,187), bringing its total stash to 121,044 BTC. Quantum Economics founder Mati Greenspan warns the volatility likely isn't over just yet: "The over-exuberant recovery Bitcoin experienced once that fear subsided is of little consolation, as we can now see that the digital currency is clearly vulnerable to a stock market panic."

Market Update

Independent ReserveMarket update

BTC A$87K. Crypto breaks US $3 trillion market cap for the first time

'Moonvember' isn't quite as catchy as 'Uptober' but Bitcoin and Ethereum have still been making new all time highs. On November 10, Bitcoin hit AU$93,450 (US$68,514) before plunging 10%. It’s currently 3.9% down for the week and is trading around AU$87,100 (US$64K). ETH's new ATH that same day was AU$6,612 (US$4,834) and it is currently 4.3% down for the week at AU$6,238 / US$4,563. Cardano lost 4.8% during the past week, XRP lost 8% and Dogecoin (-7.2%). The Crypto Fear and Greed Index is at 72, or ‘Greed’. Onchain analyst Willy Woo thinks high expectations are holding back a bigger price run. "Whenever everyone's bullish, it's very difficult for the price to run upwards because you get a whole lot of speculative long positions in the markets and that makes it very, very profitable to take the other side and short it," he said. "The majority is very seldom right."

Road to Ethereum 2.0

Independent ReserveKnowledge base

The road to Ethereum 2.0: ETH burning

On August 5 2021, Ethereum developers implemented five improvement proposals to the network. EIP-1559, a fee burning mechanism, was one of these upgrades introduced in the ‘London’ hard fork on this date. The Ethereum network had never burned tokens until this hard fork.

Independent ReserveKnowledge base

How to create an ETH wallet and sign a message

This article will help you create a new Ethereum wallet using the MyEtherWallet (MEW) software and then how to sign a message using the wallet's private keys. If you already have a MEW wallet created, or can access your wallet via the MEW interface already, you can skip to the Sign a message with your […]

Ethereum Fork Update

Independent ReserveNews

Ethereum London hard fork notification

Due to Ethereum London Fork Upgrade, Independent Reserve will be pausing deposits and withdrawals from 8pm Sydney time on the 5th of August. We expect deposits and withdrawals to be re-enabled the following morning, pending network stability.

The-difference-between-bitcoin-v-ethereum

Independent ReserveKnowledge base

What's the difference between Bitcoin and Ethereum?

Bitcoin is a digital peer-to-peer currency that is typically used as a medium of exchange or store of value. It’s not a currency that is issued or regulated by any central authority. Users can conduct transactions semi-anonymous with full transparency at a fraction of the fees. All of this is possible via blockchain technology.

How-to-withdraw-ether

Independent ReserveKnowledge base

How to withdraw Ethereum (ETH) from Independent Reserve

How to withdraw Ethereum (ETH) using your browser 1. Log into your Independent Reserve account and select Accounts in the navigation menu. 2. Navigate to the Accounts section and click the withdraw link in line with ETH (Ethereum). 3. You will be navigated to the Ethereum Withdrawal screen. Your Available (ETH) balance will display at […]