Independent Reserve | Australia Bitcoin & Crypto Exchange Singapore

 Independent Reserve is a native Australian cryptocurrency exchange platform launched back in 2013 in Sydney, but it has soon expanded to New Zealand and Singapore. The platform is fully regulated by AUSTRAC and other Australian financial authorities, which means that it complies with all anti-money laundering policies and uses a Know Your Customer (KYC) protocol to identify each platform customer. I always like it when a platform is  fully regulated because it means I’m legally protected in case of  platform bankruptcy or hacks. 

The platform enables users to invest fiat currency in some of the  most popular cryptos on the market, but it lacks access to many popular  coins. This might be explained by the fact that Independent Reserve  complies with all laws and regulations in the regions where it operates,  so obtaining licences for each crypto might be difficult.

Nevertheless, Independent Reserve is a great platform for instant trading features,  which is a huge plus compared to some other exchanges where the instant  trading feature takes ages and isn’t very “instant.” I think that this  is the key feature that makes Independent reserve a very good choice for beginners looking for easy access to the crypto market.

Another advantage of the platform is its low fees for active traders and very user-friendly mobile app, making Independent Reserve a great choice for crypto beginners with no experience in cryptocurrency trading. Additionally, the platform offers advanced financial services such as over-the-counter (OTC) brokerage services.

As far as digital currencies are concerned, Independent Reserve  doesn’t support many of them, but it still offers the leading market  cryptos such as BTC, ETH, Ripple (XRP), Tether (USDT), Cardano (ADA),  Aave (AAVE), Bitcoin Cash (BCH), Dai (DAI), Polkadot (DOT), Litecoin  (LTC), and 20+ trending altcoins. 

This crypto selection is far less than what I expect from a reputable  crypto exchange, but they somewhat compensate for the poor crypto  selection with their support for multiple fiat currencies. I think this is an aspect of the platform that could definitely use some improvement.

Independent Reserve offers services legally in Australia, New Zealand, and Singapore,  while users may also create platform accounts in various other global  regions, but that doesn’t mean that the platform is licensed to operate  in those countries. 

Let’s take a closer look at some of the key platform features I liked the most.

The AutoTrader feature is great for both beginners and users who want to automate their portfolio-building strategies.  For example, I can easily set a recurring buy order and buy the same  amount of BTC every week or every month in case I wish to implement a  dollar-cost averaging (strategy).