Description
UpdateAustralian based Bitcoin & Crypto exchange, trading in AUD, USD and NZD
BTC, ETH, BCH, LTC, XRP, XLM, EOS, PLA, OMG, ZRX, BAT, GNT, REP
Reviews
Write a reviewNelly - July 9, 2024
began well, investing $250 and withdrawing $200 to "test their promises." The money was in the bank in 20 minutes. But once my account showed me remarkable development, I added another $25,000. With consistent and encouraging phone calls, I requested to remove my initial investment when the pot hit $44,088 so that any additional increase could be managed by them. The partnership came to an end at this point. There are no calls, the line was disconnected, and emails are not being answered. After a few months, I found admk Ltd., who assisted me in recovering all of the money I had lost to this firm.
George - June 17, 2021
Excellent exchange, set up my SMSF on them. The process was fairly smooth.
JV - April 29, 2021
Would love it if this exchange develop a mobile app and adds more choices of Crypto currency to their list e.g ada. I have only just started and it has been good so far. I choose it because they are able to provide tax reports for convenient when I lodge my tac return.
Colin - April 21, 2021
It has taken more than 7 hours for my BTC purchase to reach my nominated wallet - it was not until I was able to contact them after 6 hours that I as told they wanted to be sure I was not being scammed - why it took 6 hours when they could have called me immediately, I do not knowThat being said, they still have not forwarded the BTC to my wallet
Now an EX User - April 20, 2021
I would give Independent Reserve negative stars if I could. I started out as a newbie trading crypto yet with TradingView experience on index funds (So I can see real time position figures). I quickly realized that Independent Reserve does not give yo accurate buy and sell spreads, while the market sell value is lower the share trade value. This is their cut! Not so sure about the 0.05% fees, more like 10.00% fees. I have existed all my positions with Independent Reserve and strongly urge you not to use this fake trading platform. It's a SCAM and only makes them money.
Ex User - February 22, 2021
I am on a dozen different exchanges with 200k spread across. I keep next to nothing on this dodgy exchange. Each withdrawal charges you insane amounts. To withdraw Synthetix they charge a flat fee of over $100 regardless of how much you own. The market price is well below the actual market price. Buying and selling absolutely gouges you around 10% in hiden fees despite advertising 0.5%. What do you get for these insane fees? Approximately 6 hour minimum withdrawal times. Every time they make some excuse why this has occurred like blaming it on the blockchain. I gave them the benefit of the doubt the first few times. No more. I'll be withdrawing my small amount and telling my family to switch their use of this exchange. I had initially chosen it for the "good reviews". These reviews are clearly fake and manufactured by the company themselves. No one in their right mind would give them above 1 star. Use Coinspot if you want a decent Aussie site on go to Binance if you are more serious.
Kenneth Peterson - June 9, 2020
Been buying crypto through these guys for years. Great platform, super helpful, incredibly professional team. This Aussie biz is making crypto mainstream with features like the KPMG tax report, Bloomberg price streaming, the insurance etc. No wonder they are winning all the awards. Highly recommend.
Lucey - May 7, 2020
Decided to try this exchange after hearing from many friends. Will continue to trade with them, esp as they seem to list new coins regularly.
Liam Wilson - April 14, 2020
I've had nothing but professionalism from my experience with Independent Reserve. Their site is easy to navigate, their Customer Service Team are helpful, and quick to answer, and the whole experience has left me very confident in their Exchange. Highly recommended!
EJ - April 8, 2020
Have found Independent Reserve easier and more practical in use compared to other exchanges. Also feels like has a lot more integrity, seem to go the extra length to ensure security.
Josh - April 7, 2020
Fantastic service. Clearly IR spends a lot of time on innovating the product and providing me assurances on security. Well done.
Martin R - April 7, 2020
Great customer service. My Bitcoin trading is done with fast order execution, low spreads, access to high liquidity orderbook with no major glitches over the few years I have been trading. Highly recommended.
Jiyoun Kim - March 26, 2020
Never had any issues with IR. They credited my BSV from the fork after listing too which was cool :)
Darius - March 24, 2020
Started crypto investing on CoinSpot but the fees were killing me. Switched over it indep reserve and haven't looked back.
James M - March 24, 2020
So much cheaper to buy/trade than other aussie exchanges. Low brokerage fees and good spreads.
S.H - March 23, 2020
simple to use and easy to get ur money onto. I use Poli and funds go onto the exchange pretty much instantly
CryptoKing - March 19, 2020
Switched to IR about six months ago, best guys in business. Highly recommend.
Jerico - March 18, 2020
Excellent! As a first time buyer of crypto, talked into it by friends, I was worried a bit. Independent reserve has made my journey of buying my first bitcoin a pleasure. Every step along the way made me feel comfortable and was easy to do. Almost instant replies from their knowledgeable support made me feel like I can trust them.
Justin Barwick - March 18, 2020
My go to OTC desk in Australia. Premium support team very responsive when quoting.
Claudio Damioli - March 17, 2020
I have been with Independent Reserve for a few years now. Recently signed up as a premium account user as well. I think they are the only exchange in aus to offer insurance which is pretty convenient.
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