Independent Reserve alternatives

Compare the best alternatives to Independent Reserve for Australian crypto traders.

By   |   Verified by David Boyd   |   Updated 13th September 2021

Comparing Independent Reserve alternatives

Swyftx

On Swyftx's website

Featured

Swyftx

Highlights

  • Swyftx has relatively higher trading fees compared to Independent Reserve.
  • Trade hundreds of coins, assets, tokens and digital currencies, plus DeFi tokens like Compound, Sushi and Yearn Finance.
  • Has lower spreads than other exchanges if you are trading smaller cryptocurrencies, like Independent Reserve.
  • Trade using virtual funds in demo mode, which is not available at Independent Reserve.
eToro

On eToro's website

Highlights

  • Best known for its social copy trading and margin trading, which are not available in Independent Reserve.
  • Copy the trades of experienced investors across thousands of instruments, including exchange-traded securities, forex, CFDs, and popular cryptocurrencies.
  • Deposit and withdraw actual cryptocurrencies stored by eToroX, which functions as its private key custodian and broker.
CoinSpot

Highlights

  • Purchase, trade, and sell Bitcoin, Litecoin, Dogecoin and hundreds more cryptocurrencies in a few minutes, way more than what’s available at Independent Reserve.
  • Choose from a wide range of fiat deposit options like POLi payments, PayID, BPAY and cash – all with no deposit or withdrawal few.
  • Coinspot offers hundreds of available trading pairs, which is much more compared to Independent Reserve.
Coinbase

Coinbase

Highlights

  • One of the best-known exchanges in the world, with high buying limits.
  • Coinbase isn’t regarded as the cheapest option and their fee structure is confusing.
  • Coinbase and Independent Reserve have theft insurance coverage and store most of their customer’s digital assets offline.
Binance

Highlights

  • Low trading fees and a huge range of cryptocurrencies, with more trading pairs than Independent Reserve.
  • Best known for its extensive altcoin list, which includes more than 500 options for non-US customers.
  • Fiat and margin trading are available on the exchange, which is not possible on Independent Reserve.
Kraken

Kraken

Highlights

  • Kraken is a good fit for experienced investors who want to take advantage of margin trading and other advanced features.
  • Trade margin, stop orders, and crypto short sales, which are not available in most exchanges.
  • Has a mobile app available for iOS and Android, while Independent Reserve has none.
CoinJar

Highlights

  • Trade a similar number of cryptocurrencies as you can on Independent Reserve.
  • Buy and sell cryptocurrencies with fiat currency (AUD and GBP only) if you’re based in Australia, while Independent Reserve offers more fiat currencies (AUD, USD, NZD, SGD).
  • Offers easy-to-use products such as a crypto debit card, crypto EFTPOS card and secure CoinJar wallet app for mobile, most of which aren’t available with Independent Reserve.
  • Access to an extensive knowledge base with a comprehensive library to assist traders.
Cointree

Highlights

  • Competitive fees for quick buys and sells, which are slightly lower than Independent Reserve.
  • Accredited member of both ADCA and AUSTRAC, which ensures that the security and technology of Cointree is second-to-none.
  • Maintains the highest level of transparency. All quotes are specified, which is a significant point of difference compared to other exchanges.
  • Deposit funds (AUD) in your trading account at any time using PayID and trade immediately with these instant deposits.
Gemini Exchange

Gemini Exchange

Highlights

  • Trade a limited number of crypto-to-crypto trading pairs compared to Independent Reserve, as well as 40 cryptocurrencies, including Bitcoin and Ethereum.
  • Directly trade between buyers and sellers through the Gemini Clearing portal (peer-to-peer trading).
  • Safely store any of your coins or tokens with Gemini's hot wallet and institutional cold storage options (Gemini Custody).