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Independent Reserve

AUSTRAC RegisteredInsured CustodyAU Order BookMAS Licensed (SG)
Trade on Independent Reserve ↗

Sydney-built and institutional in temperament: a genuine AUD order book, insured custody and one of the strongest regulatory footprints of any Australian exchange.

Headquarters
Sydney
Founded
2013
AUSTRAC
Registered - Independent Reserve Pty Ltd, ABN 46 164 257 069VASP register, checked 25 Jul 2026
AU Entity
Independent Reserve Pty Ltd
AUD Deposits
PayID · Osko · Bank · SWIFT
Model
Order book
Assets
30+
Coindaily Score
87 /100

Regulatory standing in Australia

Independent Reserve has been AUSTRAC-registered since the Virtual Asset Service Provider Register opened and has operated from Sydney since 2013, making it one of the longest-standing Australian venues with a genuine local order book.

Its standout credential sits offshore: in 2021 it became one of the first exchanges licensed by the Monetary Authority of Singapore as a Major Payment Institution - a licence with hard capital, custody and AML requirements that very few global exchanges have cleared. That discipline carries into the Australian operation.

It was also the first Australian exchange to arrange insurance over custodial crypto assets, and it publishes a clear local corporate structure rather than routing clients through offshore entities.

Costs in practice

Maker
0.50%
Taker
0.50%
Typical Spread
0.10%
Effective Cost
~0.60%

Order-book venue: effective cost ≈ taker fee + spread. Figures match the Coindaily exchanges table and are modelled; check the live schedule before trading.

independentreserve.com
Independent Reserve homepage
Homepage as served to Australian visitors · captured Jun 2026

Local offerings & AUD rails

  • Full AUD rails: PayID, Osko, EFT and SWIFT, with same-day local settlement
  • Genuine AUD order book plus an OTC desk for large orders
  • Insured custody over digital assets held with the exchange
  • SMSF support with dedicated onboarding and statements - a long-running specialty
  • KPMG-built crypto tax estimator integrated into the account
  • Local support on Australian hours

Where it wins

  • Strongest regulatory posture of the local venues (AUSTRAC + MAS licence)
  • Insured custody and clean corporate structure
  • SMSF and OTC capability
  • Genuine order book, not a brokerage spread

Where it costs you

  • Only ~30 assets - majors and large caps
  • 0.5% headline fee is high next to global books (falls with volume)
  • No derivatives or advanced products
Trading fee from
0.50% flat
Same rate for maker and taker, no split. Tiers down to 0.02% on 30 day AUD volume.
AUD deposit
Free by bank transfer
Cards cost 1% on Australian issued cards, 3.5% international, PayPal 1%.
SMSF accounts
Dedicated account type
Separate SMSF onboarding with segregated assets. Trust and company accounts also offered.

What it costs

Trading fees, subscriptions, deposits and withdrawals

Maker feeWhat you pay when your order sits on the book and someone else fills it.
0.50%starting rate
source·
Taker feeWhat you pay when you take an existing price off the order book.
0.50%identical to maker, there is no maker or taker split
source·
Volume discountsThe fee falls as your rolling 30 day AUD volume grows, recalculated every four hours.
0.48% at A$50,00028 tiers, bottoming out at 0.02%
source·
AUD depositMoving Australian dollars in from your bank account.
Freebank transfer, EFT and PayID
source·
Card and PayPal depositsThe instant funding options, all of which carry a percentage charge.
1% to 3.5%1% Australian card, 3.5% international card, 1% PayPal
source·
AUD withdrawalGetting Australian dollars back out to your bank.
Free, or A$1.50 instantstandard EFT free, PayID and NPP instant A$1.50
source·
Crypto withdrawal feeA fixed per asset fee rather than a live network fee pass through.
0.0001 BTC, 0.003 ETH10 USDC on Ethereum but 1 USDC on Solana, Base or Arbitrum
source·
Custody or inactivity feeAn ongoing charge just for leaving assets sitting in the account.
Noneno fee is charged for storing crypto
source·

Limits and the costs that hide

Spreads, deposit caps and charges that do not appear on a fee page

BTC/AUD spreadThe gap between the best buy and sell price, paid on top of the trading fee.
About 0.14%Coindaily order book snapshot, 25 July 2026, on roughly 15 BTC of 24 hour volume
source·
Deposit limitsCaps on how much you can push through the instant funding rails.
Not publisheddaily and weekly caps apply to cards and PayPal, shown only on your deposit screen
source·
Assisted transfer feeCharged when a deposit or withdrawal has to be fixed by hand, usually a mismatched reference.
A$20applies to AUD, NZD, USD and SGD
source·
Leveraged trading costsOpening and closing is free, but carry and forced closure are not.
0.1% per day long0.03% per day short, plus a 1% mandatory liquidation fee
source·
Small SWIFT depositsA flat charge on smaller inbound US dollar wires.
USD 15 under USD 5,000free at USD 5,000 and above
source·
Non AUD withdrawalsThe other supported currencies are markedly more expensive to withdraw than AUD.
NZD 29, USD 25against a free AUD EFT withdrawal
source·
OTC desk minimumThe threshold to trade through the desk rather than the public order book.
A$50,000quoted up to A$50m plus
source·

What you can trade

Assets, Australian dollar pairs, staking and derivatives

Tradable assetsHow many coins and tokens you can actually buy and sell.
42a deliberately narrow, large cap led list
source·
Direct AUD pairsWhether you trade straight against Australian dollars or have to route through a stablecoin.
All 42 assetsno conversion leg needed
source·
Staking and earnEarning a yield on coins you already hold.
Not offeredno staking, savings or earn product
source·
Leveraged tradingLong and short positions funded with borrowed money.
Five assetsBTC, ETH, SOL, XRP and DOGE, eligible users only
source·
Crypto backed loansBorrowing cash against your holdings without selling them.
Added 2 July 2026provided by Block Earner, ACL 542689, not by Independent Reserve. Personal accounts only
source·
Other fiat currenciesCurrencies besides Australian dollars you can fund and settle in.
NZD, USD, SGDthe same account supports all four
source·
OTC deskNegotiated block trades away from the public book, for size.
Availablewholesale liquidity on transactions over A$50,000
source·

How your assets are held

Custody, reserves, insurance and self-custody

Client asset segregationWhether your coins and cash are kept apart from the company's own money.
Segregatedthe exchange states it does not commingle customer funds
source·
Proof of reservesA cryptographic attestation that customer balances are fully backed.
Not publishedan annual external audit of financial statements is done instead
source·
InsuranceWhat a policy would actually pay out on, as opposed to what the marketing implies.
Narrow and undisclosedwording points to an insured qualified custodian, so it is the custodian's cover. No underwriter, limit or custodian named
source·
Self custody withdrawalsWhether you can move coins off the platform to a wallet you control.
Supportedexternal wallet deposits and withdrawals for listed assets
source·
Withdrawal address allowlistWhether coins can only leave to addresses you have pre approved.
Mandatorywithdrawals can only go to addresses in the verified address book, one off SMS verification per address
source·
Security certificationAn independently audited information security standard.
ISO 27001certified since 2021
source·
Breach historyWhether customer funds have ever been lost to an exchange compromise.
No confirmed hackacross more than twelve years of operation
source·

Who can open an account

Entity types onboarded in Australia

IndividualA standard personal account in one person's name.
SupportedAustralian residents may qualify for FastTrack and trade immediately
source·
CompanyAn account held by a registered Australian company.
SupportedACN plus director and beneficial owner details required
source·
TrustAn account held by a trustee on behalf of a trust.
Supportedtrustee ID, proof of address and the trust deed cover, schedule and signature pages
source·
SMSFA dedicated self managed super fund account, kept separate from personal holdings.
Supportedcrypto must be enabled in the trust deed and withdrawal addresses must be under the fund's control
source·
Joint accountOne account in two names, such as a couple.
Not a listed typethe published account types are personal, company, trust, SMSF and institutional
source·
Under 18sAn account for a minor, whether direct or held by a parent.
Not a listed typeno minor or custodial account appears in the published account types
source·
InstitutionalFunds, family offices and asset managers trading at size.
Supporteddedicated relationship manager, OTC desk and Fireblocks integration
source·
Multi user accessLetting an accountant, adviser or co-director into the account at a limited level.
Supportedtiered access for trusted third parties
source·

Trading features

Order types, recurring buys, tooling and access

Order typesThe instructions you can give the order book.
Sixmarket buy and sell, limit buy and sell, stop limit buy and sell
source·
Stop loss and take profitAutomatic exits attached at the time you place the order.
Supportedon market buys, limit buys and leveraged positions, for BTC, ETH, SOL, XRP and DOGE
source·
Trailing stops, OCO and conditionalsThe more advanced conditional order structures active traders look for.
Not offerednot among the six published order types
source·
Recurring buysAutomatic dollar cost averaging on a schedule you set.
Five frequenciesdaily, weekly, fortnightly, monthly or last day of month. No fee beyond standard brokerage
source·
Minimum order sizeThe smallest trade the matching engine will accept, set per asset.
0.0001 BTC0.001 ETH, 1 XRP. The live list is published via the API
source·
Time in forceHow long a limit order stays alive before it is cancelled.
GTC, IOC, FOK, MOCavailable on limit orders via the API
source·
APIProgrammatic access for bots, tax tools and portfolio trackers.
REST and WebSocketread only key permission and IP allowlisting available. No FIX and no sandbox
source·
Demo accountA practice mode to trade with fake money before risking real funds.
Not offeredno paper trading or test environment is published
source·

Money in and out

Minimums, methods and settlement speed

AUD deposit methodsThe ways you can get Australian dollars onto the platform.
Fourbank transfer and PayID, debit or credit card, PayPal, and SWIFT
source·
Card restrictionsWhich cards are actually accepted for instant funding.
Australian issued onlymust be in the account holder's name. Amex, Diners, Discover and UnionPay are not accepted
source·
Minimum depositThe smallest amount you can fund the account with.
Not publishedno minimum is stated on the fee schedule or the FAQ
source·
AUD withdrawal speedHow quickly cash lands back in your bank.
Instant optionfree standard EFT, or PayID and NPP instant for A$1.50
source·
Crypto depositsBringing coins in from an external wallet or another exchange.
Freeno deposit fee on any supported asset
source·
Minimum crypto withdrawalThe smallest amount of a coin you can send off platform.
0.0001 BTC0.01 ETH and 0.01 SOL, set per asset
source·
Fast onboardingWhether you can fund and trade before full manual verification.
FastTrackAustralian residents opening individual accounts may deposit and trade immediately
source·

Tax and reporting

What you get at tax time, and what you do not

Transaction history exportThe raw record your accountant or software needs.
CSV and PDFfull transaction history downloadable from the account
source·
Summ, formerly Crypto Tax CalculatorThe in-platform tax partner, launched from Transactions then Tax.
Integrated, 30% offaccount auto created and transactions synced. Discount applies to paid plans above the entry tier
source·
KoinlyThe other widely used Australian crypto tax package.
Supportednamed as a supported reporting integration
source·
SylaAn Australian-only tax package with an ATO focus.
API sync or file importSyla lists a dedicated Independent Reserve integration
source·
Read only API keysLetting tax software pull your history without any power to trade or withdraw.
Supportedread only is a selectable key permission
source·
Accountant accessGiving your adviser or SMSF auditor a look at the account directly.
Tiered multi user accessuseful for SMSF and trust annual audits
source·

Platform and support

Apps, account security and how you reach a human

Mobile appTrading, funding and withdrawing from a phone.
iOS and AndroidiOS 16 or later. Supports AUD, NZD, USD and SGD
source·
App limitationsWhat the phone app cannot do that the website can.
Market, limit and leverage onlymore advanced order types require the website
source·
Biometric loginFace or fingerprint unlock instead of typing a password each time.
Supportedfingerprint or Face ID, subject to device support
source·
Two factor authenticationThe second step protecting your login and withdrawals.
Authenticator appGoogle Authenticator style TOTP. SMS is a backup for login only, sensitive actions need the app
source·
Extra account protectionsDefences beyond a password and a code.
Duress passwordan alternate password suspends the account for 24 hours. New IP addresses trigger extra verification
source·
Support channelsHow you actually reach someone when something goes wrong.
Encrypted portal and emailsupport@independentreserve.com. No public phone support line is published
source·
Support hoursWhen the support team is on.
24/7company is headquartered in Sydney
source·
EducationLearning material for people new to crypto or new to the platform.
Knowledge base and bloghow-to guides on order types, wallets, tax and leveraged trading
source·

Trust and regulation

The entity you are actually contracting with

Australian entityThe company name and number on your customer agreement.
Independent Reserve Pty LtdABN 46 164 257 069
source·
AUSTRAC registrationThe mandatory digital currency exchange registration for operating in Australia.
DCE-100461150-001registered digital currency exchange provider
source·
AFSLAn Australian financial services licence, which would bring conduct and dispute obligations.
Not heldAUSTRAC registration is not a financial services licence
source·
Singapore licenceThe offshore arm's regulatory standing, often cited in marketing.
MAS Major Payment Institutionlicence PS20200517, held by the Singapore entity, not the Australian one
source·
OwnershipWho controls the business you are handing money to.
IG Group holds 70%completed 30 January 2026 for about A$109.6m, implying roughly A$178m for 100%. Call option over the remaining 30%
source·
Track recordHow long the platform has been running and under whom.
Founded October 2013Sydney, by Adam Tepper, Adrian Przelozny and Lasanka Perera. Adrian Przelozny remains chief executive
source·
Financial auditIndependent verification of the books, in place of proof of reserves.
Annual external auditfinancial statements audited under Australian Accounting Standards with client balances verified
source·

Figures are read from Independent Reserve's own published schedules and disclosures. Crypto platforms change pricing and product availability often - click source on any row to check it yourself, and dispute anything that looks wrong.

Frequently asked questions

Is Independent Reserve regulated?

It is AUSTRAC-registered in Australia and holds a Major Payment Institution licence from the Monetary Authority of Singapore - one of the harder licences in the region to obtain. Crypto exchanges in Australia are not ASIC-licensed for spot trading; AUSTRAC registration is the local baseline.

Is my crypto insured?

Independent Reserve arranges insurance over custodial digital assets, and was the first Australian exchange to do so. Terms and coverage limits apply - read the current policy disclosures.

Does it support SMSFs?

Yes. SMSF onboarding, statements and tax reporting are core offerings, and it is one of the most commonly used venues for Australian self-managed super funds holding crypto.

Registrations, licences and product availability change. Check the current AUSTRAC Virtual Asset Service Provider Register and the platform's own disclosures before depositing. This page is general information only, not financial advice, and may contain modelled figures.

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