Scheduled Maintenance Complete – All systems operational

9 Dec 2018 16:30
Adrian Przelozny, CEO

Scheduled Maintenance Complete – All systems operational


Sched. Maintenance: 9th December 14:00 UTC+11. Expect 4 hour outage.

6 Dec 2018 15:17
Nicholas Fletcher, Customer Experience Officer

Sched. Maintenance: 9th December 14:00 UTC+11. Expect 4 hour outage.


Scheduled Maintenance Complete – All systems operational

4 Nov 2018 17:01
Nicholas Fletcher, Customer Experience Officer

Scheduled Maintenance Complete – All systems operational

In the Media

Bitcoin cash (BCH) deposits and withdrawals re-enabled

1 Dec 2018 13:09
Nicholas Fletcher, Customer Experience Officer

Independent Reserve has now re-enabled BCH deposits and withdrawals.  As mentioned in previous announcements, for now we are only supporting the Bitcoin Cash ABC side of the fork.  We will continue using the BCH ticker for this.   You may now deposit and withdraw BCH to your IR deposit wallet.  Any deposits made while deposits were disabled will now be credited to your account.

While the network is still volatile, Independent Reserve will be requiring 11 confirmations before crediting BCH deposits.  BCH withdrawals will depend on the wallet you’re sending to.

If you have any questions, please send us a message through our secure Support system.

Bitcoin cash (BCH) deposits and withdrawals re-enabled


Independent Reserve launches Sydney’s largest blockchain hub

26 Nov 2018 10:15
Winston Su, Marketing Director

Independent Reserve,the largest Australian cryptocurrency exchange, has today announced the launch of a blockchain innovation hub and coworking space in Sydney. Known as IR Ventures, the 280 square metre site is located at Level 32, 100 Miller St in North Sydney.

Confirmed tenants include peak industry body the Australian Digital Commerce Association (ADCA) and social enterprise blockchain company Genereos. An abundance of support and opportunities will be available for tenants until they are ready to expand beyond IR Ventures.

Mentors involved with IR Ventures include Independent Reserve CEO Adrian Przelozny and other members of the executive team, Mike Bacina of law firm Piper Alderman, Martin Rogers of venture capital firm KTM Ventures, research and development advisor Nick Falzon of PKF, and Paul Kang, co-founder of application security startup Entersoft.

Commenting on the announcement, Independent Reserve CEO Adrian Przelozny said the launch demonstrated his company’s commitment to helping nurture the next wave of blockchain startups in Australia and unlocking their potential.

“When we founded Independent Reserve in 2013, the blockchain ecosystem in Australia was non-existent; we knew something had to change. We had a vision of helping accelerate blockchain innovation in Australia which underlines our core purpose at Independent Reserve – helping… click for more

Independent Reserve launches Sydney’s largest blockchain hub


Bitcoin cash (BCH) fork update

23 Nov 2018 10:15
Nicholas Fletcher, Customer Experience Officer

We have been closely watching the BCH landscape, both in how the two blockchains are developing, and how the community is reacting. As we originally announced, we will initially be supporting the ‘Bitcoin Cash ABC’ blockchain, and we will be referring to this as ‘Bitcoin Cash’ with the ticker symbol ‘BCH’.

BCH deposits and withdrawals will remain disabled for the time being as the network hashing power remains volatile and there is an ongoing risk of blockchain reorgs which could reverse transactions. We are hoping to re-enable deposits and withdrawals for BCH (ABC) in the coming week.

Regarding the ‘Bitcoin Cash SV’ blockchain, we are considering crediting customers with ‘Bitcoin Cash SV’ balances, matching their BCH balances at the time of the fork, and allowing these to be withdrawn from Independent Reserve. Before this can happen, the ‘Bitcoin Cash SV’ network needs to stabilise and reliable infrastructure such as wallets and block explorers need to emerge in the community. This may take several months. As always, the safety of client assets held within Independent Reserve remains our highest priority.

As always, if you have any questions please send them through our Support system.

Bitcoin cash (BCH) fork update


Instant deposits are back!

20 Nov 2018 09:42
Nicholas Fletcher, Customer Experience Officer

Independent Reserve are excited to announce that we have brought back POLi payments for deposits. This will allow you to make an AUD deposit from a supported Australian bank instantly to your Independent Reserve account.  We allow up to $5 000 to be deposited per day, if you go over this limit you will be credited the following business day.  Fees apply.  Note – this does not apply for NZ banks.

Instant deposits are back!


Independent Reserve launches exclusive Tax Estimator by KPMG

15 Nov 2018 14:27
Winston Su, Marketing Director

KPMG Australia and Independent Reserve, the largest Australian cryptocurrency exchange, today announced the launch of a new tool to help the traders of cryptocurrencies better understand their tax liabilities.

The Crypto Tax Estimator developed by KPMG is a digital tool that plugs directly into Independent Reserve’s user interface, allowing traders to estimate tax obligations on their portfolio all with just the click of a button.

For full story on Computer World, read here

Independent Reserve launches exclusive Tax Estimator by KPMG


Bitcoin Cash (BCH) fork timing

14 Nov 2018 10:10
Nicholas Fletcher, Customer Experience Officer

We would like to remind all customers that a BCH protocol upgrade is scheduled to occur in the early hours of Friday morning, Sydney time. Note – this does NOT relate to Bitcoin (XBT), it relates to the cryptocurrency Bitcoin cash.

As there are two competing proposals, a split in the BCH blockchain will likely occur.

BCH trading will remain available at Independent Reserve with no interruptions, however, we will pause BCH deposits and withdrawals at 9pm Sydney time, November 15. Please ensure that all your BCH deposits and withdrawals have been completed before this time.

BCH deposits and withdrawals will remain disabled until one of the competing blockchains wins majority support and general consensus in the BCH community and the blockchain is stable. We do not know how long that will take, so a long suspension is possible. Be assured that your BCH will remain safe during the fork.

Independent Reserve will exercise its own discretion in deciding which proposal’s chain to support after the fork and will do so with consideration to what is best for our customers whilst maintaining security of all client funds held within our wallets.

Customers who would like to have the option to claim coins on alternative… click for more

Bitcoin Cash (BCH) fork timing


Bitcoin Cash upcoming fork

7 Nov 2018 14:04
Nicholas Fletcher, Customer Experience Officer

Bitcoin Cash is quickly approaching its second hard fork, the first being 6 months ago where the block size was increased to 32MB and some opcodes were added. While the previous hard fork was not contentious, the upcoming one appears to be causing some splits in the community. The Bitcoin ABC client development team announced their changes first. Many in the community did not agree with ABC’s direction, and so nChain (Craig Wright) announced their own new client called Bitcoin SV.

Independent Reserve will upgrade our systems to support the Bitcoin ABC client protocol. We will be disabling deposits and withdrawals for BCH prior to the fork, which should happen sometime in the early morning of 16th November (Sydney time). We will announce exact timing closer to the fork.

Any BCH left in your Independent Reserve wallet will be safe during this period, but as always – if you do not withdraw your coins to a personal wallet prior to the fork, you will not end up with coins on both sides of the fork; you will only have coins on our supported fork.

During the fork upgrade Independent Reserve will monitor the network to determine when it has completed and when the… click for more

Bitcoin Cash upcoming fork


Independent Reserve makes the AFR Fast Starters 2018 List

6 Nov 2018 11:59
Winston Su, Marketing Director

Independent Reserve has become the first cryptocurrency company to make the Australian Financial Review’s Fast Starters 2018 List. This prestigious annual list features the fastest growing startup businesses in Australia.

“It is Independent Reserve’s vision to educate retail and institutional investors about cryptocurrencies but to also grow a sustainable business in a young and thriving industry. We are committed to building on this momentum to help drive further growth and reach greater heights in the years to come. Our success is made possible by the dedication to our customers and we will continue to deliver clients the best trading experience in Australia.” – Adrian Przelozny, CEO

For full story on the Australian Financial Review, read here.

Independent Reserve makes the AFR Fast Starters 2018 List


Thousands of self-managed super funds now investing in cryptocurrencies

17 Sep 2018 10:05
Winston Su, Marketing Director

SMSF customers who are registered with Independent Reserve now number around six to seven thousand. That’s still a relatively small percentage of the more than 590,000 SMSFs in Australia, which hold combined assets of almost $700 billion. It’s a significant pool of capital from which to draw on, and local crypto exchange operators are trying to capitalise on the opportunity.

For full story on Business Insider featuring quotes from CEO Adrian Przelozny, click here.

Thousands of self-managed super funds now investing in cryptocurrencies


ERC20 support and maintenance

6 Sep 2018 16:30
Nicholas Fletcher, Customer Experience Officer

Independent Reserve is pleased to announce the imminent launch of ERC20 support on our exchange platform. Initially we will support two ERC20 tokens:

  • OmiseGO (OMG)
  • 0x (ZRX)

OmiseGO – This project will connect existing crypto wallets to a central OMG blockchain, which will then allow you to exchange between cryptocurrencies easily 0x – This project is an open protocol allowing for a decentralised exchange and has generated a lot of interest with their smart contract platform to give users greater control over their funds.

We will be releasing these tokens with an introductory brokerage fee of 0.1%, this will last for two weeks so don’t delay!

OmiseGO also made an airdrop to anyone who had at least 0.1 ETH back in September of 2017 (at block 3988888) which we will honour. If you had at least 0.1 ETH in your Independent Reserve account when the above block was mined, you will have your OMG airdrop amount in your IR OMG wallet after our release.

Timing: We will be performing system maintenance and upgrades on Sunday 9th September at 2pm (AEST). 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, our new… click for more

ERC20 support and maintenance

Industry News

Guide to SMSF investing into Cryptocurrency

6 Aug 2017 12:00
Adrian Przelozny, CEO

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

Guide to SMSF investing into Cryptocurrency


Bitcoin & Cryptocurrency Market Update – 12 Dec 2018

13 Dec 2018 14:11
Winston Su, Marketing Director

At this stage, the odds of enjoying a Santa rally before the year’s out look slim. Trump continues to play chicken with China and CSW is dealing with about as many challenges with BCH SV adoption as Theresa May is with Brexit. Traders are fatigued, volumes are dropping, and many are happy to take risk off the table and be done with this…. frustrating year.

It’s been a big year in crypto. Price movement aside, the flood of new talent and business investment entering the space has forced many regulators and institutions to take the industry seriously. Unfortunately, a lot of good work and milestones achieved have been overshadowed by the ICO scams that plagued 2017/18.

The entrenched bear market and increased volatility has crushed retail investor sentiment, the trend has taken over and prices are falling irrespective of news or investment flows.  

Whilst the rest of us wait for institutional flow to take up the slack of burnt retail investors, the industry continues to build and prepare for the next market catalyst that will shift sentiment into the next bull run.

The fundamentals of the technology haven’t changed, blockchain still stands to be the basis… click for more

Bitcoin & Cryptocurrency Market Update – 12 Dec 2018


Market Update – 27 Nov 2018

29 Nov 2018 10:43
Winston Su, Marketing Director

Welcome back traders. It’s been another rough week in the trenches for crypto holders. The 20-25% drop, as bad as it was, seems more palatable when compared to last week’s flogging. BCHSV didn’t go down without a fight and indeed made a comeback earlier in the week. It has since receded, and the war looks to be over, for now. The good news is markets seem to have stabilised and found a new bottom, adding some comfort to the PTSD like flashback heart pangs when refreshing Blockfolio.

On a more cheery note, the IR team have been busy touring the country over the past two weeks. We were fortunate enough to attend the Sydney/Melbourne SMSF Adviser Summit. We chewed the fat with hundreds of crypto curious financial advisors and fund administrators, preaching the good word and gauging appetite for crypto as an investable asset class for SMSFs.  With nearly 8,000 SMSF accounts on Independent Reserve, we know the demand is there. We just need to work on bridging the education gap at the advisor level.

As part of our education drive, we were handing out a book written by one of IR’s founders… click for more

Market Update – 27 Nov 2018


Market Update – 14 Nov 2018

14 Nov 2018 12:28
Winston Su, Marketing Director

In Markets

Bitcoin continued trading within its AU$8,800 – $9,100 trading band for another week now, closing flat for the week at AU$8,840. We did see somewhat of a pull back on Friday around the same time the SEC ruling on EtherDelta was released (see below). ERC20 tokens were hit the hardest. ZRX down over 11%, OMG down ~2.5% for the week. XRP continued to see some choppy price action, rallying more than 21% at the start of the week on the SWIFT rumours (see last week’s market update) before coming off a quite a bit, closing the week up 9.5%.

In Headlines

  • Centre stage this week is the BCH scheduled hard fork, set to take place around 3:40am Sydney time, Nov 16. Almost all major exchanges, with the exception of Poloniex and Bitfinex, are supporting only the BitcoinABC chain, at least initially. There has been plenty of threats from both the ABC and SV camps to weaponise their respective mining pool allies hashpower to not only ascertain hashrate dominance, but also to disrupt the opposing chain by mining empty blocks and dumping the newly mined tokens onto the open market. An extremist vigilante mining pool by the name of Sharkpool has been… click for more

Market Update – 14 Nov 2018


Market Update – 10 Nov 2018

9 Nov 2018 16:24
Winston Su, Marketing Director

It has been a busy week for Independent Reserve. We became the first crypto company to make the Australian Financial Review’s Fast Starters 2018 List. We also became the first and only exchange to feed XBT/AUD prices to Bloomberg and one of only six exchanges globally to feed XBT/USD pricing.  It’s something that has been in the works for quite some time and we are pleased to be contributing to what many reference their crypto pricing to.

In the headlines:

  • Bitcoin Cash has rallied last week (up ~27%) in anticipation of next week’s fork. The hard fork is scheduled for the 15th November.  More on this and how it will effect trading next week here.
  • Bitfinex and Tether announce a new banking relationship with Deltec Bank and Trust. A photograph is doing the rounds that appears to be a letter addressed to Tether from the Bahamas based bank. It states Tether’s account balance of just over USD$1.8billion. This is more than the USDT market cap (~1.765billion). It would be great if this put an end to the Tether scepticism, but alas there are plenty of comments out there questioning the document’s authenticity.
  • Bakkt has announced a launch date for their physically backed Bitcoin… click for more

Market Update – 10 Nov 2018


Market Update – 31 Oct 2018

1 Nov 2018 12:04
Winston Su, Marketing Director

It was another brutal week for equities and the end to a brutal month. The ASX 200 lost ~6% this month, wiping out its yearly gains and then some. It’s down around 4% for the year now. If you had some Bitcoin allocation in your portfolio you would have fared a little better this month with XBT only down 3%. Global Bitcoin volumes remain at 1year lows and the 30day realised volatility is down to early 2017 levels, where it was before the historic rally that drew many of us into this space. More on that later.

What’s been making news

It’s been reported that Bitcoin is now deemed property from a legal standpoint and that it is legal to circulate and use Bitcoin as a form of payment in China.  Given the track record of Chinese policy makers changing their mind all the time I can’t see too many merchants rushing to accept bitcoin as a payment method but it’s certainly a step in the right direction in my opinion.

Bitstamp, the largest digital currency exchange in the EU by volume, was bought by Belgium based investment company NXMH. Deal details are scarce however it is estimated that the deal was worth… click for more

Market Update – 31 Oct 2018


Market Update – 24 Oct 2018

24 Oct 2018 10:49
Winston Su, Marketing Director

After last Monday’s Tether induced price spike, XBT reverted to the range bound trading we have become accustomed to. XBT closed for the week flat at AU$9,020, within the AU$8,900 – AU$9,100 range we have seen for the past few weeks. The most notable move was the 45% ZRX rally on Tuesday/Wednesday which happened after Coinbase listed the token.

Tether/Bitfinex rumours continued to swirl after last week’s temporary USDT unpegging. Despite the USD/USDT spread closing, Bitfinex crypto pairs are still trading at a premium as traders harbour concerns of how robust Bitfinex’s banking relationships are. For traders happy to take the risk, there was at one point a US$200 arb to be had between our IR orderbook and Bitfinex XBT/USD pair.

Despite there being more than enough functioning stable coins in the market, Tether still dominates, enjoying an 98% share of the total stable coins traded on Binance. Despite the troubles Tether faces, it still enjoys the benefit of early establishment and most listed tradable pairs.

A full suite of new stable coins has recently been regulated by the New York Department of Financial Services (NYDFS).  All have appointed auditors to give investors transparency and comfort in what is actually backing the stable… click for more

Market Update – 24 Oct 2018


Market Update – 16 Oct 2018

16 Oct 2018 15:34
Winston Su, Marketing Director

More price volatility this week than what we have seen of late. The general risk-off sentiment from last week’s equity pull back saw crypto prices, especially alts, retreat.  XBT was down at one point 17%, ETH down 18%, BCH down 19% and XRP down 27%.  XBT recovered somewhat, with a little help from Tether to finish the week flat, again. Alts were less fortunate, ETH closing the week down 8%, BCH 11%, and XRP down 14%

News headlines:

  • Fidelity Investments, a 72 year old Wall street giant which administers more than US$7.2 trillion in client assets, announced a new and separate company called Fidelity Digital Asset Services on Monday. It will be the first major global investment firm to seriously invest in the crypto space and is a huge step towards opening the pipeline to institutional funds. Fidelity Digital Asset Services will offer both cryptocurrency custody and trade execution services for institutional investors.
  • With the Tether investigation still fresh in everyone’s mind and the more recent news of Bitfinex struggling to obtain new banking relationships since its departure from Noble bank, concerns spread yesterday afternoon that USDT may become unpegged from the USD. As USDT holders raced for the door the USDT/USD premium… click for more

Market Update – 16 Oct 2018


Market Update – 10 Oct 2018

10 Oct 2018 14:41
Winston Su, Marketing Director

Welcome back to another Australian crypto market update.  There has been plenty of positive news local and abroad to make up for the lack of price movement this week.

In markets we saw more low volatility in Bitcoin, trading within a 3% range for yet another week. BCH kept most of its recent gains, dropping 1% this week. XRP fell 15% since last Monday as investors likely took profits from its meteoric rise a couple of weeks back.

This week’s headlines:

* Bakkt provided more colour on its first product which will roll out next month.   The futures contract will be completely backed with physical Bitcoin, quelling partially backed rehypothecation rumours. It will be interesting to see the impact this has on Bitcoin price movements after its launch.

* Google reinstates crypto ads. However, not in Australia, only in the US and Japan…

* The Winklevoss crypto exchange Gemini has secured an insurance policy for its storage of digital assets by an insurer syndicate led by Aon.  This follows Lloyd’s of London entering the crypto insurance space. Crypto insurance has been very sought after by high net worth and institutional clients here in Australia and offshore. It’s great to see more insurers getting familiar with… click for more

Market Update – 10 Oct 2018


Market Update – 2 October 2018

2 Oct 2018 17:00
Winston Su, Marketing Director

This week, the price action was in the alts. BCH had a strong week off the back of Bitmain’s IPO filing. We saw whipsaw price movements earlier in the week before rallying 18% on Wednesday night and a further 10% on Thursday. It was up 13% for the week overall. XRP held onto its gains after doubling in value last week. It briefly dropped 13% on Monday only to recover most of that the following day. BTC remained stable, trading within a range of only a few hundred dollars. Closing the week flat around the AU$9,250 mark.

One of the main headlines this week was the public release of Bitmain’s financial statements and prospectus for its upcoming IPO.   Bitmain, one of the largest mining firms globally, is looking to list on the Hong Kong Stock Exchange. There has been plenty of controversy surrounding the IPO’s timing and Bitmain’s sizable BCH holdings.  After the release of the IPO application on Wednesday night, BCH rallied over 23%, almost breaking its three-week high.  Some analysts are pointing to Bitmain’s stronger than expected financials as the driver for the rally.

In other news Mike Novogratz, ex-hedge fund billionaire, and founder of Galaxy Digital, the biggest crypto… click for more

Market Update – 2 October 2018


Quick Brew? Bitfury’s Coffee Machine Accepts Bitcoin Via Lightning Network

2 Oct 2018 08:03
Ashkhen Zakharyan

Blockchain firm Bitfury has come up with a novel product aimed at making it easier to pay for products with bitcoin.

A specialised engineering team within the company has developed a coffee vending machine capable of connecting to the Lightning Network, and as a result, the vending machine can accept bitcoin payments without charging high fees or requiring long transaction times, according to a press release. LightningPeach, the team behind the new vending machine, added a device capable of joining the network to a coffee machine that already sported some built-in smart components.

Vasyl Grygorovych, LightningPeach’s head of community, said that the team’s strategic goal is to develop a real-world infrastructure for faster bitcoin payments.

Full story here

Quick Brew? Bitfury’s Coffee Machine Accepts Bitcoin Via Lightning Network