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Who is
Independent Reserve?
How
it
Works
News
and
Education
The
Bitcoin
Market

From the CEO

It's revolutionised finance, and we've had to adjust our preconceptions about what money actually is.

Adam Tepper
Chief Executive Officer

CTO shows how to get started

We have a number of sophisticated security options, for your piece of mind.

Adrian Przelozny
Chief Technical Officer

Scheduled Maintenance Complete – All systems operational

26 Feb 2015 16:08
Adrian Przelozny, CTO

Scheduled Maintenance Complete – All systems operational

Market expert on the growth of Bitcoin

Major global businesses have begun accepting and transacting in Bitcoin.

Lasanka Perera
Chief Business Development Officer
MD Global FX Partners

Independent Reserve is a Bitcoin exchange where investors, traders and everyday people come to buy and sell Bitcoin

Independent Reserve is a registered Australian company, underpinned by Australia's highly regulated financial sector. We are audited annually by one of the world's most respected auditing firms - read more about our governance.

The technology behind Independent Reserve is our proprietary Airmarshal™ platform, which provides a secure, robust, scalable system for online trading. We also provide the secure Airbridge™ API for third parties integrating with Independent Reserve.

Four Easy Steps

In four easy steps, you can be securely trading Bitcoin.

Create an Account

It doesn't cost anything, and it only takes a moment.

Verify your Identity

We are legally required to verify your identity before you can trade. We will ask for some personal information, and then send you a security code in the mail. Once you've entered the code mailed to you, your account will be immediately ready to trade.

Deposit Funds

To buy Bitcoin, you need to first deposit funds into your account. For Australian customers we accept Electronic Funds Transfer. International customers may make a SWIFT transfer into our bank account. To sell Bitcoin, you may deposit Bitcoin into your Independent Reserve account.

Buy and Sell Bitcoin

Once your account is funded, you may then follow the prompts to buy and sell Bitcoin. When you're finished, you may keep your money at Independent Reserve for safekeeping, or withdraw it to your own Bitcoin wallet or bank account.

Create an Account

It doesn't cost anything, and it only takes a moment.

Verify your Identity

We are legally required to verify your identity before you can trade. We will ask for some personal information, and then send you a security code in the mail. Once you've entered the code mailed to you, your account will be immediately ready to trade.

Deposit Funds

To buy Bitcoin, you need to first deposit funds into your account. For Australian customers we accept Electronic Funds Transfer. International customers may make a SWIFT transfer into our bank account. To sell Bitcoin, you may deposit Bitcoin into your Independent Reserve account.

Buy and Sell Bitcoin

Once your account is funded, you may then follow the prompts to buy and sell Bitcoin. When you're finished, you may keep your money at Independent Reserve for safekeeping, or withdraw it to your own Bitcoin wallet or bank account.

Trading in USD

Independent Reserve facilitates trading between XBT and USD only. This provides greater liquidity than could be achieved with AUD or other currencies, and results in a tighter market spread.

Funds deposited in AUD via Electronic Funds Transfer are immediately converted by Independent Reserve into USD. Our current AUD/USD buy rate is 0.7593. This rate is continually changing and may be slightly different when your deposit is processed.

International clients may deposit USD directly via SWIFT transfer.

Fee Schedule

Independent Reserve does not collect GST on the value of Bitcoin bought or sold.

The ATO have recently released guidance on Bitcoin treatment under GST, which may require Australian suppliers of Bitcoin to charge GST on the supply of Bitcoin in some circumstances.

Independent Reserve provides an open marketplace for buyers and sellers, and does not buy or sell Bitcoin in its own right. Therefore we are not required to collect GST on the value of Bitcoin traded.

Independent Reserve does include GST as part of the brokerage fee charged to Australian customers, however this GST is absorbed within the standard 0.5 % trading fee and ultimately paid out of our own profits.

Trade commission As low as 0.1 %, click here for full fee schedule
Electronic Funds Transfer deposits Electronic Funds Transfer deposits of AUD 100.00 and above are free
(smaller deposits incur a USD 0.99 processing fee)
SWIFT deposits SWIFT deposits of USD 1,000.00 equivalent and above are free
(smaller deposits incur a USD 15.00 processing fee)
Bitcoin deposits Free
Australian AUD withdrawals Free
International or non AUD withdrawals USD 20.00
Bitcoin withdrawals XBT 0.0002
Airbridge™ API Free

In the Media

Adam’s Book

28 Feb 2015 21:15
Adrian Przelozny, CTO

Before he died, Adam was working on a book about Bitcoin. It is a book written with the general audience in mind, and is a project that Adam was very passionate about.

We will honour his legacy by completing the book and ensuring it is published in a fitting manner.

The Bitcoin Association of Australia has kindly offered to collect Bitcoin donations which will be used to fund publishing costs of the book.

Adam’s Book


Adam Tepper

28 Feb 2015 18:26
Adrian Przelozny, CTO

It is with a heavy heart that I write to inform you of the death of Adam Tepper.

Adam died in a motorcycle accident on Thursday.

Adam was a passionate advocate for the use of digital currency in Australia. He lived his life to the beat of his own drum and Independent Reserve is a testament to his vision, intelligence and perseverance.

He will be sorely missed by his family, friends and the Bitcoin community.

A funeral for Adam will be held in Melbourne, on Friday the 6th of March.

All Independent Reserve functions will continue to operate without disruption.

Adam Tepper


Independent Reserve added to global Bitcoin benchmark

24 Feb 2015 11:25
Adrian Przelozny, CTO

We are happy to announce that Independent Reserve have become the first Australian Bitcoin exchange to be included in the Tera Exchange TeraBitSM Index, the global benchmark for Bitcoin pricing.

“As the pricing standard for the Bitcoin market, we are constantly evaluating the TeraBit Index to ensure it accurately reflects all relevant information,” he said. “Independent Reserve has added a strong new plank to the global Bitcoin infrastructure and as such, it was important to include them in our index. We’re very glad to be welcoming a robust Australian platform to our Index.”

Further details available in the press release.

Independent Reserve added to global Bitcoin benchmark

Industry News

Financial reform author argues: Australia needs a digital currency like Bitcoin

23 Mar 2015 14:06
Jan Przelozny

Dr. Shann Turnbull, an author on reforming the theories of capitalism, has called for a government-supported digital currency to become the main currency of Australia. Writing in Online Opinion in Australia, Dr. Turnbull claims a government-supported digital currency would balance the budget, protect the economy from financial crises, eliminate the black market, reduce taxes, democratize credit and increase prosperity. Dr. Turnbull, principal of the International Institute for Self-governance in Sydney, Australia and co-founder of the Sustainable Money Working Group in the U.K., has authored numerous papers on digital currency and how it can improve the financial systems in different countries.

Click here to read the full story.

Financial reform author argues: Australia needs a digital currency like Bitcoin


Top Global Law Firm: Virtual Currency is Here to Stay

18 Mar 2015 14:19
Jan Przelozny

Judith Alison Lee, partner in the Washington DC office of global law firm Gibson, Dunn & Crutcher (one of the largest and most prestigious law firms in the US), was a panellist in the company’s webinar on virtual currencies, which took place earlier this week.

“Virtual currency is here to stay. We think this type of technology, this method of payment, has so many advantages over fiat currency” she explained. Speaking about what else 2015 has in store for the digital currency space, Lee said she is certain there will be continued growth and acceptance by large mainstream retailers.

Read the full article here.

Top Global Law Firm: Virtual Currency is Here to Stay

Education

Adrian Przelozny, CTO, talks Bitcoin security

9 Oct 2014 17:44
Adrian Przelozny, CTO

Adrian Przelozny, CTO, talks Bitcoin security


Market analysis with Lasanka Perera

1 Oct 2014 21:12
Adrian Przelozny, CTO

Market analysis with Lasanka Perera


CEO answers some common questions about Bitcoin

1 Sep 2014 23:41
Adrian Przelozny, CTO

CEO answers some common questions about Bitcoin

Trade History

What others are saying

Independent Reserve has been able to merge expertise in technology, with a strong foundation in finance.

Michael Go
Chairman, Advisory Board