Cryptocurrency exchange Independent Reserve: overview of activities and customer reviews
Cryptocurrency Exchange Independent Reserve: Key Information
Independent Reserve — one of the first cryptocurrency exchanges in Australia, founded in 2018 in Sydney. The company is registered with the Australian Digital Commerce Association (ADCA) and actively operates globally, serving over 30 countries.
Registration on Independent Reserve: Instructions
To trade on the exchange, you need to create an account. The registration steps are as follows:
- Step 1. Go to the website independentreserve.com, click “Create Account,” and provide personal information.
- Step 2. Fill in your details, including full name, date of birth, postal code, and country of residence. It is recommended to enable two-factor authentication and confirm your email.
- Step 3. After entering the details, proceed with the verification process by uploading the required documents. Once verified, you can start trading.
Deposit and Withdrawal of Funds
The exchange offers various deposit and withdrawal methods tailored to the Australian and New Zealand markets.
- You can deposit cryptocurrency using Osko and POLi, and fiat money via SWIFT.
- For withdrawals, utilize cryptocurrency, bank transfer, POLi, SWIFT, or Osko.
Trading Fees and Currencies
The fee structure on Independent Reserve is based on the trading volume over 30 days. The exchange supports 14 cryptocurrencies and operates with AUD, NZD, and USD. International currency withdrawals incur a $20 fee, with a minimum transaction amount of $50.
Security and Data Protection
Independent Reserve is regulated by AUSTRAC and certified by the Australian Digital Currency Association. The platform conducts user verification and stores most funds in cold wallets. Crypto asset insurance and multi-level protection are provided.
Customer Support and Reviews
For user assistance, there is a “Help” section, along with online chat and email support. Customer reviews about the exchange are mostly positive, although criticism is focused on high trading fees and support service.
Advantages and Disadvantages
Pros: variety of payment methods, fiat currency support, strong security, ADCA membership, and positive user feedback.
Cons: high trading fees and lack of margin trading.
The cryptocurrency exchange Independent Reserve offers a reliable solution for trading crypto assets in Australia and beyond. Security, a wide range of currencies, and user-friendliness make this exchange an attractive choice for traders.