Founded in 2013 by Adam Tepper and Adrian Przelozny, Independent Reserve’s vision was to build Australia’s most secure and trusted way to buy Bitcoin and other cryptocurrencies. Moreover, we aimed to transform cryptocurrency technology into secure, robust and regulated financial services, and do things the right way.
We have grown to and serve over 250,000 Australian, New Zealand and global customers, and we are trusted by thousands of Self-Managed Super Funds.
Since our launch, we have built a world-class orderbook exchange and OTC service desk, expanded operations to South-East Asia and continue to build new features and partnerships that add value to our customers.
We pride ourselves on offering world-class security for our customers, featuring 2-factor authentication, ISO 27001 certification and top-tier underground vaults used to protect your data and crypto.
- 10+Years in business
- 8,000+Trusted by SMSF
- 250,000+Trusted users worldwide
Independent Reserve is a registered Australian company (ABN 46 164 257 069), underpinned by Australia's highly regulated financial sector. We are registered as a Digital Currency Exchange (DCE) with AUSTRAC: DCE-100461150-001.
Our board of directors, advisers and management team bring decades of experience in regulation, traditional finance, risk management and IT security.
Board of Directors
Adrian PrzeloznyCEO & Managing directorCo-founder of Independent Reserve, Adrian’s career spans more than 15 years of information technology, specializing in the design and development of critical business systems.
Lasanka PereraCOO & Executive directorCo-founder of Independent Reserve, Lasanka has spent over 10 years building regulated financial markets and trading businesses' across multiple asset classes.
Roman StefanidiCTO & Executive directorRoman has spent over fifteen years developing enterprise-level pricing and trading software for financial institutions.
Rachel CobbNon-executive directorRachel has over 15 years experience leading financial services businesses with deep expertise in strategy and risk management. Rachel was formerly a Managing Director in GE Consumer Finance and now serves on several boards including Commonwealth Securities Limited (CommSec). Rachel is chair of the Remuneration Committee.
John WigglesworthNon-executive directorAfter a 36 year career at KPMG, John has joined Independent Reserve's board and chairs the Audit Committee. He brings over 30 years of professional experience working with leading Australian and global companies, with specific expertise in finance reporting, control, governance and risk.
Dr Michael Aitken AMNon-executive directorA leading expert on market surveillance and currently the Chief Scientist at Rozetta institute. He was formerly the CEO at Capital Markets Cooperative Research Centre. Michael is chair of the Risk Committee.
How we treat client assets
We maintain a full 1:1 reserve of all client fiat and crypto assets.
We hold the vast majority of crypto assets in secure offline cold storage, protected in underground vaults with maximum security.
Our books are balanced and we carry no debt on our balance sheet. We engage external auditors to undertake an annual audit of our financial statements in accordance with Australian Accounting Standards. This includes verification of all fiat and crypto balances held in custody on behalf of clients.
We maintain complete segregation of all client assets to ensure that when you need to make a withdrawal you can. We keep your assets safe. That is our promise.
Independent Reserve is a sole custodian of all crypto assets held on our platform. Custody is managed in Australia and we do not use any third party custodians.
We adhere to industry best practices and never lend, trade or reinvest your assets.
Awards and Recognition
Digital Currency Exchange of the Year 2019-2021
Deloitte Tech Fast 50 Australia
Financial Review Fast 100
AFR Most Innovative Companies
Financial Times High Growth Companies 2020
The Independent Reserve core servers are securely located at two Tier 3 data centres in Sydney, Australia. This allows us to synchronously replicate all data across both locations in real-time. This ensures zero data loss should one site have an outage.
We also have a fully functional back up of our production environment should the need arise.
Our customers’ privacy and personal data is important to us and we ensure that all your personal information is protected. All our data is signed and encrypted multiple times using geographically dispersed keys, spread across four data centres; ensuring your personal information is always secure.
Read more about our security practices here.
BloombergOnly source of Bitcoin/AUD pricing on Bloomberg, streamed live to all Bloomberg terminal holders worldwide.
Blockchain AustraliaCertified and audited member of Blockchain Australia, with the aim to encourage the responsible adoption of blockchain technology by industry and governments across Australia.
IressIndependent Reserve Bitcoin and crypto prices data integrated onto the Iress platform.
BGLTo simplify Self-Managed Super Fund (SMSF) adoption of cryptocurrency.
The people’s money - bitcoin
Written by Adam Tepper, the book “The People’s Money - Bitcoin” explains the concepts behind Bitcoin in an approachable and easy to understand way. By the end of the book you will have a solid understanding of this revolutionary new technology and the vast potential that it brings.
Sadly, Adam passed away before he could complete the book, and it was completed thanks to the Bitcoin Association of Australia (now Blockchain Australia) along with amazing help from the greater Bitcoin community.
Culture and Community
Going GreenIn 2019 we made a commitment to help offset the carbon emissions caused by our business and the industry. Through Climeworks, a Swiss-based firm dedicated to capturing CO2 from the air with its cutting-edge technology, we’re removing 1 tonne of carbon per year. Moreover, we’ve joined the 1 Trillion Tree foundation and are planting 200 trees every year.
CommunityThe Independent Reserve team sponsors and participates in dozens of Australia’s local blockchain and cryptocurrency meetups, events and conferences. Our team travelled across Australia as part of the Blockchain Australia Roadshow to answer community questions, we sponsored the launch of the Cryptopia movie and much more.
Government and RegulationOur CEO Adrian Przelozny is a former board member of Blockchain Australia. He has contributed to the Australian Blockchain Roadmap, provided arguments against the cash ban and provides thought leadership to other Government bodies.
Independent Reserve Cryptocurrency IndexIn 2019 we launched the Independent Reserve Cryptocurrency Index (IRCI), an annual cross-sectional survey of Australians to examine Australia's awareness, adoption, trust and confidence in cryptocurrency. The survey provides researchers, industry, media and the general public - valuable data and insights into the blockchain industry.
IR Ventures Partners
Independent Reserve Pty. Ltd.
New South Wales, Australia