Who is
Independent Reserve?
How
it
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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

22 Apr 2015 21:06
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.

Multi-Currency Trading

Independent Reserve facilitates trading Bitcoin in both AUD and USD. When depositing funds into your Independent Reserve account, you can choose to credit either your AUD or USD account.

Independent Reserve features a multi-currency order book which automatically converts all open orders into your currency of choice. This means that you always get the best possible price when trading Bitcoin, as someone using AUD can transparently buy Bitcoin from another user who trades in USD, and vice versa.

Our current AUD/USD buy rate is 0.7715.

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 $0.99 processing fee)
SWIFT deposits SWIFT deposits of USD 1,000.00 equivalent and above are free
(smaller deposits incur a $15.00 processing fee)
Bitcoin deposits Free
Australian AUD withdrawals Free
International or non AUD withdrawals $20.00
Bitcoin withdrawals XBT 0.0002
Airbridge™ API Free

In the Media

Trading in Australian Dollars: The Multi-Currency Order Book

18 Apr 2015 15:42
Adrian Przelozny, CTO

Many of you will be pleased to hear that it is now possible to buy and sell Bitcoin using Australian Dollars as well as USD. All orders, regardless of currency are placed onto a single order-book to provide a combined liquidity pool for all our users, and currency conversions between users who trade in different currencies are performed seamlessly by the system. This means that you can trade in the currency of your choice, and are guaranteed the best possible price for your Bitcoin.

Further to this, our Australian clients now have the choice of making EFT deposits into either their AUD or USD Independent Reserve accounts. The deposit reference number used when making the EFT deposit will determine whether your AUD or USD account will be credited when your deposit is processed by Independent Reserve.

You can use the currency dropdown list in top left corner of your screen to switch between currencies.

This is a significant and exciting enhancement to our platform, and will allow Independent Reserve to expand internationally and add additional currencies in future.

Please do not hesitate to contact our friendly support team should you have any questions or feedback in regards to the new functionality.

Trading in Australian Dollars: The Multi-Currency Order Book


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

Industry News

Barclays Data Officer Praises Blockchain Tech at SWIFT Forum

28 Apr 2015 09:41
Jan Przelozny

Bitcoin’s Blockchain technology is “transformative”, according to Usama Fayyad, chief data officer at Barclays Bank. He believes the integration of such technology with traditional banking infrastructure “will happen”.

Fayyad took part in a panel discussion titled Harnessing disruptive technology in wholesale financial services, which featured Craig Donaldson, CEO of Metro Bank; Gottfried Leibbrandt, CEO of SWIFT; Christophe Chazot, group head of innovation at HSBC; and Daniel Marovitz, president of Earthport’s European division

Fayyad expressed interest in the idea of a distributed and secure ledger that can facilitate the exchange of contracts and information while providing the equivalent to a digital signature.

Click here to read the full story.

Barclays Data Officer Praises Blockchain Tech at SWIFT Forum


Latin America’s Largest Social Network Will Pay Its Users in Bitcoin for Content

24 Apr 2015 15:44
Jan Przelozny

Taringa! is a social networking platform that enables people around the world to create and share information, content and experiences. With its 75 million unique visitors and a registered user base of 27 million people, T! is only second to Facebook in Latin American traffic.

For the first time we’re implementing a revenue sharing model, and for our Latin American users something like Bitcoin was indispensable. We had analyzed the situation before, and it was really costly and complicated to use something else. According to our statistics, only 39% of Latin American users have bank accounts, with Bitcoin we no longer have that barrier.

Click here to read the full story.

Latin America’s Largest Social Network Will Pay Its Users in Bitcoin for Content

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