Independent Reserve alternatives
Compare the best alternatives to Independent Reserve for Australian crypto traders.
By Andrew Boyd | Verified by David Boyd | Updated 15 Nov 2023
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Comparing Independent Reserve alternatives
On website
Highlights
- 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.
Pros
Cons
On website
eToro
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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.
On website
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.
Pros
Cons
On website
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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.
Pros
Cons
On website
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.
Pros
Cons
On website
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.
Pros
Cons
On website
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.
Pros
Cons
On website
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.
Pros
Cons
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).
