Independent Reserve alternatives

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

Andrew Boyd avatar
Written by   |  
David Boyd avatar
Verified by
Updated 9 Apr 2025   |   Rates updated regularly

Comparing of 9 Independent Reserve alternatives

Swyftx

On website

Featured

Swyftx

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

  • Australian-based platform with AUSTRAC regulation.
  • Access to 440+ crypto assets.
  • Quick customer support—live chat replies within 5 minutes.
  • Integrated tax reporting for easy tracking.
  • Supports trading in AUD, USD, and NZD.

Cons

  • Limited access to advanced trading markets.
  • Trading fees start at 0.6% for regular users, higher than some competitors.
eToro

On website

eToro AUS Capital Limited AFSL 491139. eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

eToro

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.

Pros

  • Stock fees are low, helping you keep more of your returns.
  • Pricing is competitive, giving you good value for your trades.
  • Access to a wide range of markets.
  • The platform is simple to use, even if you’re new to trading.
  • Social trading lets you follow and learn from experienced investors.
  • Access to market news and trader insights.

Cons

  • Customer support is limited.
  • Advanced traders may find the analytical tools too basic.
  • Withdrawals come with a $5 fee, which can add up over time.
  • Only a few account base currencies are available, which may lead to extra conversion costs.
CoinSpot

On website

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.

Pros

  • Trade at just 0.1% fee and withdraw in AUD for free.
  • Purchase crypto packages (Bundles) in a single transaction.
  • Multiple deposit options with free PayID and Direct Deposit.
  • Access to the CoinSpot NFT Marketplace.
  • User-friendly mobile app for easy trading on the go.
  • Earn $10 in BTC by referring a friend.
  • 24/7 customer support is available.

Cons

  • Margin trading is not available, as it focuses on buying, selling, and swapping a wide range of cryptocurrencies.
  • Fewer selections of cryptocurrencies compared to larger global exchanges.
Coinbase

On website

Finty may be compensated when you click on the link.

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.

Pros

  • Access a broad selection of altcoins for diverse trading opportunities.
  • Start trading with as little as $2, making it beginner-friendly.
  • Advanced trading features like Market, Limit, Stop Limit, and Auction Mode orders for greater control.
  • Effortlessly toggle between Simple and Advanced Trade modes to suit your needs.
  • Unlock zero trading fees and earn up to 4.5% USDC rewards with Coinbase One.
  • Coinbase Australia is fully registered with AUSTRAC for added security and compliance.

Cons

  • Trading fees are relatively higher compared to some other exchanges.
  • Customer support can be slow at times, causing delays in resolving issues.
Binance Australia

On website

Binance Australia

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

  • Low trading fees.
  • Easily deposit funds using credit or debit cards.
  • Practice with demo trading before diving into real investments.
  • Access powerful charting and trading features designed for experienced traders.
  • 24/7 live chat support.
  • AUSTRAC regulated.

Cons

  • The platform's user interface can be complex for beginners, making it harder to navigate initially.
  • Ongoing regulatory challenges in various countries could raise concerns for some users regarding its long-term stability.
Kraken

Not available for application via this website

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.

Pros

  • A wide selection of tokens to trade, including popular ones like Bitcoin and Ethereum.
  • Offers educational resources to guide both beginner and advanced traders.
  • Supports multiple fiat currencies, making it easier for Aussie users to deposit and withdraw.
  • AUSTRAC regulated, ensuring a level of trust and security for Australian users.

Cons

  • Limited funding and withdrawal options compared to other platforms.
  • Trading fees are higher than those offered by some major exchanges.
CoinJar

On website

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.

Pros

  • Simple and beginner-friendly interface.
  • Free deposits and withdrawals for AUD, GBP, and EUR.
  • Start trading with as little as $20—great for beginners.
  • Competitive fees compared to other exchanges.
  • Earn crypto rewards with CoinJar Earn.
  • Customer support is available every day of the week.

Cons

  • Limited to around 60 crypto tokens, which is fewer than many competitors.
  • No demo account for practice trading.
  • Lacks advanced trading features like margin or futures trading.
Cointree

On website

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.

Pros

  • Well-established platform since 2013.
  • Trade easily with Australian dollars.
  • Competitive fees for quick buys and sells.
  • View and copy portfolios of successful traders.
  • Fast and straightforward trading with the Cointree app.
  • 24/7 customer support is available.
  • AUSTRAC regulated for added security.

Cons

  • Account verification can take up to 48 hours.
  • No access to a spot market for direct trading.
  • Maximum trade size is limited to $50,000
Gemini Exchange

Not available for application via this website

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).

Pros

  • Quick and straightforward signup process.
  • Designed for both beginners and experienced traders.
  • Supports multiple fiat currencies and cryptocurrencies.
  • Earn interest on your crypto balances.
  • Get $50 when you refer a friend.
  • Highly rated mobile apps for trading on the go.

Cons

  • Lacks P2P, margin, and copy trading options.
  • Fees can be high for both small and large trades.
  • Offers fewer cryptocurrencies than some competitors.

    As seen on

    Media - The Sydney Morning Herald
    Media - Yahoo Finance
    Media - News.com.au
    Media - Daily Mail Australia
    Media - Australian Fintech
    Media - Dynamic Business