Scheduled Maintenance Complete – All systems operational

22 Mar 2020 18:30

Scheduled Maintenance Complete – All systems operational


Sched. Maintenance: 22 Mar 14:00 UTC+11. Expect 4 hour outage

19 Mar 2020 15:00

Sched. Maintenance: 22 Mar 14:00 UTC+11. Expect 4 hour outage


Scheduled Maintenance Complete – All systems operational

9 Feb 2020 17:00

Scheduled Maintenance Complete – All systems operational

In the Media

Bitcoin Halving: what you need to know

12 Mar 2020 11:00
Independent Reserve team

The Bitcoin halving is only 2 months away

Summary:

  • The supply of new Bitcoin is reducing by 50% on around the 12th of May 2020
  • Historically the halving has led to significant price appreciation
  • Google trends search… click for more

Bitcoin Halving: what you need to know


PlayChip (PLA) delisting

21 Feb 2020 10:00
Nicholas Fletcher, Customer Experience Officer

PlayChip (PLA) and related trading pairs will be delisted due to low liquidity and trading volume.

Trading will cease at 2pm AEDT on 22 March 2020 with a six month grace period to allow users to withdraw their PlayChip from Independent Reserve. Withdrawal requests after the six month grace period will incur additional processing fees and may be delayed.

Please note that all open orders will be automatically cancelled after trading ceases on the 22nd of March.

PlayChip (PLA) delisting


BSV & USDT listing

6 Feb 2020 11:00
Nicholas Fletcher, Customer Experience Officer

We're listing Bitcoin SV (BSV) and Tether (USDT)

We are happy to announce that we will be listing Bitcoin SV (BSV) and Tether (USDT) on our exchange. Deposits and withdrawals will be activated on Sunday with trading going live on Tuesday morning.

Reduced trading fees for BSV and USDT

There will be an introductory brokerage fee for BSV and USDT of 0.1% for two weeks, so be sure to get your trades in early.

Listing information

We will be performing system maintenance and upgrades on Sunday 9th February at 2pm (AEDT). We expect this to last approximately 4 hours and during this time you will not be able to access your Independent … click for more

BSV & USDT listing


Press release: Study finds Australians believe cryptocurrency is an opportunity of a generation

12 Nov 2019 12:00
Independent Reserve team

More than 50% of Australian under the age 40 will own crypto in 5 years

The launch of the inaugural Independent Reserve Cryptocurrency Index (IRCI) has found Australians believe that cryptocurrency will inevitably be part of everyday life – and are rushing to stock up.

The study found that Australians have a positive outlook on the future of digital currencies, with as many Australians owning crypto (17%) as those who own two investment properties in Australia (17%)1.

Key findings:

  • As many Australians own crypto (17%) as those who own more than one investment property (17%)2
  • Nearly half of crypto investors spend $100 or less per month (47%)
  • Nearly a third of regular investors spend $100 to $500 per month on cryptocurrency
  • Majority of Australians (under the age of 44) believe crypto will be widely accepted by people and businesses
  • In five years, the majority of millennials and Gen-Z's will own crypto
  • A quarter of all respondents under the age of 44 are considering using their superannuation to purchase crypto
  • Bitcoin is the most recognised and owned of all digital currencies in Australia

Bitcoin is the new property market

Talking about house prices and property investing is a national pastime but investing in Bitcoin and… click for more

Press release: Study finds Australians believe cryptocurrency is an opportunity of a generation


Dollar Cost Averaging Crypto on Independent Reserve

31 Oct 2019 10:00
Nicholas Fletcher, Customer Experience Officer

Independent Reserve has recently released a new feature called AutoTrader. AutoTrader allows you to create automated trading strategies.

Our first strategy: AutoBuy on Deposit allows you automatically buy crypto each time you deposit money. Paired with a scheduled bank transfer, it allows you to regularly buy crypto (daily, weekly, monthly, etc) without lifting a finger.

How AutoBuy benefits you

Regularly purchasing crypto allows you to dollar cost average (DCA) your Bitcoin and other crypto purchases.

Benefit of dollar cost averaging your crypto purchases:

  • You don't have to worry about trying to time the market
  • You buy smaller parcels of crypto, limiting your exposure to the volatility … click for more

Dollar Cost Averaging Crypto on Independent Reserve


Press Release: Smart Money Floods Into Crypto

9 Oct 2019 10:00
Nicholas Fletcher, Customer Experience Officer

New figures show generational shift indigital asset trading

Australia's leading cryptocurrency exchange Independent Reserve reveals rising levels of Baby Boomer & Generation X interest in digital currencies

Key highlights:

  • The 45+ age group jumped from 22% of overall users in 2017 to 29% in 2019
  • There’s been a large down shift (as a percentage) from Gen-Z/Millennials to Gen-Xers
  • While participation from post millenials (18-24) dropped by 2% from 2017 to 2019, retirees (65+) jumped by 2%
  • Trading activity has doubled among retirees (65+) since January this year

Source: Independent Reserve

Changing demographics

While millennials are often touted as the most 'tech-savvy' of the generations, Gen-Xers and Baby Boomers are catching up when it comes to getting amongst the crypto action.

Adrian Przelozny, CEO and founder of Independent Reserve said the platform's latest data revealed that the average crypto investor is transforming from early technology adopters to… click for more

Press Release: Smart Money Floods Into Crypto


Scheduled maintenance and Ethereum Classic listing

25 Jul 2019 15:30
Nicholas Fletcher, Customer Experience Officer

We are excited to announce the imminent launch of Ethereum Clasic, our 14th listed cryptocurrency. Ethereum Classic is very similar to Ethereum, in that it is a smart contracts platform with an attached cryptocurrency. It uses same wallet address format as Ethereum, has the same blocktime as Ethereum, but uses the ETC ticker code. Ethereum forked off from Ethereum Classic in July of 2016. You can read more about Ethereum Classic on their project site.

We will be releasing this with an introductory brokerage fee of 0.1% (for ETC only), this will last for two weeks so ensure you get your trades in early!

Timing:

We will be performing system maintenance and upgrades on Sunday 24th July at 2pm Sydney time. We expect this to last approximately 4 hours and during this time you will not be able to access your Independent Reserve account. Once this completes, deposits and withdrawals will be enabled for ETC. Trading … click for more

Scheduled maintenance and Ethereum Classic listing


Independent Reserve wins Cryptocurrency Exchange of the Year award

24 Jul 2019 09:00
Nicholas Fletcher, Customer Experience Officer

Independent Reserve has won a top prize at this year's inaugural Australian Blockchain Industry Awards, taking out Digital Currency Exchange of the Year.

Adrian Przelozny, CEO and founder of Independent Reserve, said it was an honour to be recognised among a field of strong and distinguished entrants.

"It's a real privilege to stand alongside some of the incredible innovators in this year's Australian Blockchain Industry Awards. Winning Digital Currency Exchange of the Year is testament to the hard work and consistent effort our team has put in to making Independent Reserve the top tier exchange that it is today. I'm extremely proud of what we've achieved so far, and I look forward to progressing this further."

The win follows a succession of strategic partnerships and exciting business growth for the leading cryptocurrency exchange in recent times.

"With cryptocurrency markets growing at a rapid… click for more

Independent Reserve wins Cryptocurrency Exchange of the Year award


Independent Reserve's 6th Anniversary

13 Jun 2019 15:00
Adrian Przelozny, CEO

Today is Independent Reserve’s 6th anniversary.

When Independent Reserve was launched in 2013, the team set out to provide the best platform for Australians to securely trade and hold cryptocurrencies. Over the last 6 years, the team has enabled over 100,000 clients to invest in cryptocurrencies with strong confidence through our approach and expertise.

Throughout the journey, we've kept our focus on creating a customer-centric business which seeks to give customers what they want at scale. We believe this is crucial for the business to be market leading and sustainable.

Since Independent Reserve's inception, the company has stayed busy working with regulators and building out custody solutions. The exchange now lists 13 currencies on the platform, up from only three last year. We have launched a tax tool co-developed with KPMG to help our customers easily estimate their tax obligations. Additionally, we became the first crypto exchange in … click for more

Independent Reserve's 6th Anniversary


CEO Adrian's interview with Stockhead

24 May 2019 15:00
Independent Reserve

If you're still watching the crypto markets, then this will come as old news: Bitcoin has been on a tear.

The world's largest crypto has recently doubled in value to top out above the $US8,000 mark.

And it's separated itself from the pack a bit, compared to the 2017 craze when Bitcoin and other major alt-coins surge to all-time highs.

Adrian Przelozny, CEO of local crypto exchange Independent Reserve, has had a front row seat for the recent market activity following an extended period of lower volatility.

While markets were quieter, the company stayed busy working with regulators and building out custody solutions. It now lists 13 currencies on the platform, up from only five last year. Stockhead spoke to Przelozny to get an update on his views around the market, and the near-term outlook for his company.

For starters, the latest rally gives rise to an obvious question for many traders and market observers; what's causing it?

Scarcity factor

click for more

CEO Adrian's interview with Stockhead


Osko / PayID deposits now available

14 May 2019 12:00
Nicholas Fletcher, Customer Experience Officer

Independent Reserve is pleased to announce customers can now make deposits using the Osko / PayID system. Osko allows you to make near instant deposits from an Australian bank account, so no more waiting a day or two for your deposit to show up! Note: a small percentage of deposits will be delayed by the banks.

Make sure any deposits you make has your unique reference code in the message or description. This will appear differently depending on your bank.

Deposits above AU$ 500 are free. See HERE for more information.

Osko / PayID deposits now available


Scheduled maintenance and new coin listings

9 May 2019 14:00
Nicholas Fletcher, Customer Experience Officer

We are pleased to announce the launch of 3 new ERC20 tokens:

  • Basic Attention Token (BAT)
  • Augur token (REP)
  • Golem Network Token (GNT)

What is Basic Attention Token?

BAT, or Basic Attention Token, is an ERC20 token that is built to address inefficiencies in online advertising. Instead of users being subjected to ads while they browse, they can pay BAT tokens to content creators, or alternatively watch ads in return for BAT tokens. Participants in this ecosystem would use the Brave browser. To read more about the browser and BAT (Brave Rewards), see here.

What is Augur?

Augur is a decentralised prediction market that leverages crowd perception on an event. Prediction markets have existed for a while, however Augur is the first decentralised one, allowing an event's outcome to be decided by the "crowd", as opposed to a centralised authority like in a… click for more

Scheduled maintenance and new coin listings


Easter/ANZAC day fiat deposits and withdrawals

16 Apr 2019 17:00
Nicholas Fletcher, Customer Experience Officer

Please be aware that over the Easter and ANZAC day break there will be an impact to fiat (AUD, USD, NZD) deposits and withdrawals.

As Friday 19th, Monday 22nd, and Thursday 25th are all public holidays, banking deposits and withdrawals will be delayed around these days due to the banks halting processing. We recommend making deposits and withdrawals ahead of time, or for deposits you can use POLi for instant transfers.

Easter/ANZAC day fiat deposits and withdrawals


Scheduled maintenance and Stellar listing

4 Apr 2019 14:30
Nicholas Fletcher, Customer Experience Officer

We are excited to announce the imminent launch of Stellar, our 10th listed cryptocurrency. Stellar is a platform aimed at making cross country and currency transfers easier, cheaper, and quicker. Stellar shares a lot with Ripple XRP, and was originally forked from the XRP code base back in 2014. Stellar's native currency is called the Stellar Lumen, and uses the ticker XLM. You can read more about Stellar on their project site.

We will be releasing this with an introductory brokerage fee of 0.1% (for Stellar Lumens only), this will last for two weeks so ensure you get your trades in early!

Timing:

We will be performing system maintenance and upgrades on Sunday 7th April at 2pm (AEST - note the 7th is the first day of non-daylight saving time!). We expect this to last approximately 4 hours and during this time you will not be able to access your Independent Reserve account. Once this completes, deposits… click for more

Scheduled maintenance and Stellar listing


Scheduled maintenance and EOS listing

20 Mar 2019 14:30
Nicholas Fletcher, Customer Experience Officer

We are excited to announce the imminent launch of EOS, our 9th listed cryptocurrency. EOS is a blockchain technology that enables the development and hosting of decentralised applications (DApps). The EOS platform is ultimately designed to ensure quick deployment of DApps, to scale to millions of transactions per second, and to eliminate user fees. The company that created the EOS platform is led by Dan Larimer and Brendan Blumer, both are notable veterans in the crypto and tech world. EOS is consistently in the top 5 cryptocurrencies by market capitalisation.

To read more see here: https://eos.io

We will be releasing this with an introductory brokerage fee of 0.1% (for EOS only), this will last for two weeks so ensure you get your trades in early!

Timing:

We will be performing system maintenance and upgrades on Sunday 24th March at 2pm (AEDT). We expect this to last approximately 4 hours and during this time you will not be able to access your Independent Reserve account. Once this completes, deposits and withdrawals will be enabled for EOS. Trading will be enabled at approximately 11am on Tuesday 26th March.

Please be aware that there will likely be… click for more

Scheduled maintenance and EOS listing

Industry News

Guide to SMSF investing into Cryptocurrency

6 Aug 2017 22:00
Adrian Przelozny, CEO

A great guide to investing superannuation funds into Cryptocurrency via Independent Reserve! click for more

Guide to SMSF investing into Cryptocurrency


BTC A$10.5k, Stablecoins are King during volatility

31 Mar 2020 15:00
Independent Reserve Trading Desk

Market Update 25th – 31st March 2020

In Markets

After dropping to $9721 yesterday, the Bitcoin price was trading just under $10,500 at the time of writing to end the week close to where it began. The 9% increase since yesterday once again reflects moves on traditional markets, with the US S&P 500 up 3.3%, the FTSE 100 up 1.7%, and the ASX200 up 7% yesterday. This correlation is a potential danger sign as many pundits tip further falls on traditional markets as the coronavirus death toll rises and economic impacts become clearer. Most of the top ten are trading where they were this time last week: Ether (0.15%), Bitcoin Cash (1.22%), Bitcoin SV (-1.5%) and Litecoin (1.6%). click for more

BTC A$10.5k, Stablecoins are King during volatility


BTC A$11.k, Bitcoin up as 'unlimited' money printing announced

24 Mar 2020 15:00
Independent Reserve Trading Desk

Market Update 18th – 24th March 2020

In Markets

Bitcoin has performed well this week in the face of the ongoing financial apocalypse. Bitcoin is up 27% from this time last week to trade under $11,100 at the time of writing. Bitcoin Cash saw a similar rise, while Bitcoin SV jumped 50%. Forks aside, altcoins have risen but considerably less. Ethereum is up 19.4%, XRP (10.4%), Litecoin (16.8%), EOS (19.6%) and Stellar (10.8%). The S&P 500 is almost 35% down from its peak - but this crisis may have some time to run with losses during the Tech Wreck reaching -49% and the GFC crash topping out around… click for more

BTC A$11.k, Bitcoin up as 'unlimited' money printing announced


BTC A$9k. Bitcoin, meet black swan

17 Mar 2020 15:00
Independent Reserve Trading Desk

Market Update 11th – 18th March 2020

In Markets

It's been a horror week across every financial market and asset class, and crypto is no exception. Late last week the price plunged 52% in 24 hours - before bouncing off the bottom - for the Bitcoin halving nobody wanted. Bitcoin is currently trading above $9,000 and finishes the week 32% down. Despite this, it's only lost 22% in 2020 so far. The only coins in the green this week were stablecoins like Tether and USDC – both up around 6% during the crash as investors tried to cash out. The Tether market cap has increased above US$5 billion for the first time and USDT on exchanges hit an all time high of $1.23 billion. Ethereum is down 42% for the week, XRP lost 30.3%, Bitcoin Cashclick for more

BTC A$9k. Bitcoin, meet black swan


BTC A$12.1k. Fear, uncertainty & doubt. Time to buy?

10 Mar 2020 15:00
Independent Reserve Trading Desk

Market Update 4th – 10th March 2020

In Markets

Despite great crypto related news coming out of India and South Korea, Bitcoin has not proven immune to the coronavirus induced share market panic or a sharp drop in the oil price – down 30% in a day. Bitcoin dropped 13% over the past few days, but has recovered slightly to trade around $12,100 at the time of writing. Bitcoin is currently up almost 18% for the year - which is a lot better than the almost 14% fall in the ASX 200 over the same period. Everything is down on a week ago of course: Ethereum (-11.8%), XRP (-12%), Bitcoin Cash (-18.6%), Bitcoin SV (-21%), Litecoinclick for more

BTC A$12.1k. Fear, uncertainty & doubt. Time to buy?


Bitcoin A$13.6k, miners bullish, traders bearish, courts give BTC thumbs up

3 Mar 2020 15:00
Independent Reserve Trading Desk

Market Update 26th February – 3rd March 2020

In Markets

This week has been a rollercoaster ride. The Bitcoin price crashed along with global stocks (leaving the 'safe haven' narrative worse for wear) but both staged a comeback in the past 24 hours. A few hours ago, the Dow Jones closed 1284 points up for its biggest gain in history, in the wake of reports that central banks will take action to combat the coronavirus induced slowdown. Bitcoin has also surged 4.2% on yesterday. Sure, it's still down 7.4% on a week ago, but things are no longer looking so grim. The top 10 are recovering, but remain down on a week ago: Ethereum lost 12.4%, XRP (-11.3%), Bitcoin Cash (-10%), Bitcoin SV (-7.9%), click for more

Bitcoin A$13.6k, miners bullish, traders bearish, courts give BTC thumbs up


BTC A$15.6k, 2020 best year for Bitcoin

25 Feb 2020 15:00
Independent Reserve Trading Desk

Market Update 19th – 25th February 2020

In Markets

Bitcoin doesn't seem to want to break above the US$10,000 (A$15,139) mark just yet - but that's not a terrible place to be. Last Thursday's horror price drop, where Bitcoin plunged $850 in an hour, was also a timely reminder that things can change in an instant. Bitcoin is currently close to where it was a week ago and trading at just under $14,600. Will $60 million worth of fresh Tether give the price a boost this week? Ethereum is also holding steady, while Litecoin gained 2.5%. Everything else was down: XRP (-6.2%), Bitcoin Cash (-8%), Bitcoin SV (-10.7%), EOS (-7.5%)… click for more

BTC A$15.6k, 2020 best year for Bitcoin


BTC A$14.6k, Bulls on Monday, Bears on Friday?

18 Feb 2020 15:00
Independent Reserve Trading Desk

Market Update 12th – 18th February 2020

In Markets

Bitcoin's bullish momentum eased over the weekend, with the price dipping once again below the psychological US$10,000 level (A$14,900). At the time of writing it was 1.6% down on a week ago to trade above A$14,600. But to put the current pullback into perspective, just six weeks ago Bitcoin was trading around $10,250. Ethereum's price run continued and was up 19% this week, and 51% for the month. XRP gained 5.1%. The other coins in the top ten didn't fare as well: Bitcoin Cash lost 9.1%, Bitcoin SV (-13.2%), Litecoin (-1.3%) and EOS (-10.4%). Stellar, at No.15, increased slightly by 1.1%.

click for more

BTC A$14.6k, Bulls on Monday, Bears on Friday?


BTC A$14.5k, 'real deal' breakout as institutions move in

11 Feb 2020 15:00
Independent Reserve Trading Desk

Market Update 5th – 11th February 2020

Welcome back to another Australian crypto market update.

In Markets

Bitcoin smashed through the psychological US $10,000 mark (around A$15,000) on Sunday, to hit the highest price in five months. It's increased more than 40% so far this year. At the time of writing it was trading just above A$14,500, which is 4.7% up on this time last week. Even with a rising price, Bitcoin dominance has fallen to 63.3%. It's hard to say if it really is 'alt season' (given how far the top 10 coins are from their all time highs), but they are gaining much faster than Bitcoin. Ethereum was up 18.1% this week, XRP (8.3%), Bitcoin SV (26.4%), click for more

BTC A$14.5k, 'real deal' breakout as institutions move in


Bitcoin A$13.8k, 30% up in Jan, the bulls are back!

4 Feb 2020 15:00
Independent Reserve Trading Desk

Market Update 29th January – 4th February 2020

In Markets

Bitcoin increased another 3.5% this week to trade around $13,900 at the time of writing. Most altcoins gained even more: Ethereum is up 9.9% in the past seven days, XRP (8.3%), Bitcoin Cash (3.6%), Litecoin (16.3%) and EOS (4%). Tezos jumped by almost a third and is now at #11, while Stellar (up 6%) has dropped back to #14.

Source: Independent Reserve Bitcoin/AUD chart

In Headlines

2020 vision looking great

Bitcoin recorded its best January performance in seven years, gaining 30% across the month. The last time Bitcoin performed better was in 2013 when it rallied 54%. Analyst PlanB… click for more

Bitcoin A$13.8k, 30% up in Jan, the bulls are back!


BTC A$13.4k, crypto growth mirrors internet growth

28 Jan 2020 15:00
Independent Reserve Trading Desk

Market Update 22nd – 28th January 2020

In Markets

Bitcoin is up 6.4% in the past 24 hours to trade above $13,450 at the time of writing. That's a 2.6% increase on the same time last week, and 22% for the month. With the exception of XRP (-1.4%) everything else in the top ten is also up on seven days ago: Ethereum (2.3%), Bitcoin Cash (4.5%), EOS (9%) and Litecoin (2.3%). Stellar, at No.12, lost 5.6% this week.

Source: Independent Reserve Bitcoin/AUD chart

In Headlines

Independent Reserve Singapore

Singapore based customers are now able to buy, trade and hold digital currencies through Independent Reserve’s platform. Following a number of… click for more

BTC A$13.4k, crypto growth mirrors internet growth


BTC A$12.6k. The only way is up? Next highs being called

21 Jan 2020 15:00
Independent Reserve Trading Desk

Market Update 15th – 21st January 2020

In Markets

If the past three week's gains are anything to go by, 2020 will be a big year. Despite Sunday's sharp plunge, Bitcoin is already up more than 20% this year and at the time of writing had gained 4.96% on a week earlier to trade above $12,600. BTC is currently on the right trajectory for the May halving Stock to Flow model to play out. Everything else rose substantially: Ethereum is up 15%, Ripple is up 9.3%, Bitcoin Cash (26.7%) Litecoin (12.8%) and EOS (14.9%). Bitcoin SV (69.65%) has been on a rollercoaster ride, spiking on reports Aussie Craig Wright click for more

BTC A$12.6k. The only way is up? Next highs being called


BTC A$12.2k. BTC futures at a 7 month high

14 Jan 2020 15:00
Independent Reserve Trading Desk

Market Update 8th – 14th January 2020

In Markets

Despite the possibility of the US/Iran conflict receding, the Bitcoin price is looking healthy, up 6.5% on seven days ago to trade above $12,200 at the time of writing. Daily trading volumes have more than doubled in the past week. But Bitcoin's rise was easily beaten by Bitcoin SV, which is up a whopping 48.6% this week on wild speculation that Aussie Satoshi claimant Craig Wright might actually be able to access Satoshi's BTC billions. XRP was the only top 10 coin in the red, down 3.6%. Ethereum was up 0.9%, Bitcoin Cash (11.1%), Litecoin (9.6%) and EOS (10%). click for more

BTC A$12.2k. BTC futures at a 7 month high


Bitcoin A$11.2k, will the safe haven narrative continue?

7 Jan 2020 15:00
Independent Reserve Trading Desk

Market Update 1st – 7th January 2020

Welcome back to another Australian crypto market update.

In Markets

Bitcoin broke through the $11,000 mark earlier this morning to record the best price since late November. At the time of writing it was up 6.33% on a week ago and trading at $11,200. Everything else increased substantially including Ethereum (8.4%), Ripple/XRP (12.6%), Bitcoin Cash (16.5%), Litecoin (7.35%) and Stellar (7.4%). Bitcoin SV increased by 20.4%.

Source: Independent Reserve Bitcoin/AUD chart

In Headlines

Crypto looking positive heading in 2020

Coin Metrics' report on the state of crypto in 2019 found "very positive… click for more

Bitcoin A$11.2k, will the safe haven narrative continue?


BTC A$10.1k, billionaires back Bitcoin

17 Dec 2019 15:00
Independent Reserve Trading Desk

Market Update 12th – 17th November 2019

Welcome back to another Australian crypto market update.

In Markets

The Bitcoin price ground lower this week, from around $10,800 to $10,300, before it took the express elevator earlier this morning straight down to $10,000. At the time of writing Bitcoin had edged up slightly to $10,080 to be 6.6% down for the week. Everything else was down significantly: Ethereum (-10.2%), XRP (-8%), Bitcoin Cash (-6%), Litecoin (-7.9%), EOS (-11%) and Stellar (-9.6%). New top 10 entrant Tezos was the only top coin to gain ground, up 7.8%.

Source: Independent Reserve Bitcoin/AUD chart on Bloomberg

In Headlines

Bitcoin searches fall

click for more

BTC A$10.1k, billionaires back Bitcoin