US investors permitted
Independent Reserve Review
A trading cryptocurrency guide must provide reviews of all of the top crypto exchanges out there, so that you can find the best cryptocurrency exchange site for you. This review of Independent Reserve consists of four parts: general information, fees, deposit methods and security.
Independent Reserve is an exchange from Australia. Other exchanges from the same country includes, inter alia, TOPBTC.
US-investors may not trade here, so if you are a US-investor and want to trade here, you’ll have to reconsider your choice of trading venue and choose one of the other top crypto exchanges. Don’t be too sad though, there are many other venues that offer the type of trading this exchange does. Use our Exchange Finder here to find out which alternatives you have.
This exchange claims to be committed to institutionalising the Digital Currency industry. They are an industry member of the Australian Digital Commerce Association (ADCA), which provides some sort of legitimacy. The technology behind the exchange is the exchanges own Airmarshal™ platform. This platform allegedly provides a secure, robust and scalable system for trading.
Independent Reserve Fees
Independent Reserve Trading fees
This Australien coin exchange doesn’t charge different fees between takers and makers. Their fee model is instead something called a “flat fee model”. Independent Reserve offers a flat trading fee of 0.50%. For investors who prefer to pick-up existing orders from the order book, this might be an attractive trading fee model.
Independent Reserve Withdrawal fees
Independent Reserve charges a withdrawal fee amounting to 0.0006 BTC when you withdraw BTC. This fee is below the global industry average and thus constitutes a competitive advantage against the majority of other top crypto exchanges in the market.
Independent Reserve offers wire transfer as a deposit method, but you can’t deposit via credit card. This of course negative news to you if you would prefer to use your credit card for any reason.
Independent Reserve’s security score is C-, when performing the test at Observatory by Mozilla (https://observatory.mozilla.org/). This is in line with industry average when it comes to top crypto exchanges.
If you have concluded that this is the exchange for you, congratulations! Go for it. But if not, please use our Exchange Finder here to find out which exchange has the best cryptocurrency exchange site for you.