Alternatives to Independent Reserve
Independent Reserve is an Australian crypto exchange known for zero monthly fees, auto-invest (DCA) functionality, and SMSF account support. It's a solid choice for straightforward crypto buying and selling. But you might want an alternative if you're after a wider range of coins, lower trading fees, access to derivatives or options, or a platform that also lets you trade traditional shares like ASX or US stocks. We've listed 6 alternatives that offer different strengths worth comparing against Independent Reserve.
Similar zero-fee model with SMSF support, but offers a longer track record as one of Australia's oldest exchanges.
- Auto-invest / DCA
- Yes
- Monthly platform fee
- $0/month
Global liquidity and a wider coin selection than Independent Reserve, plus SMSF accounts and low minimum DCA.
- Auto-invest / DCA
- Yes
- Monthly platform fee
- $0/month
Over 320 coins available with zero minimum deposit and SMSF support, giving you more asset choice.
- ASX ETFs supported
- No
- Auto-invest / DCA
- Yes
- Monthly platform fee
- $0/month
Lower trading fee at 0.01% compared to Independent Reserve's standard rate, plus auto-invest from $1.
- ASX ETFs supported
- No
- Auto-invest / DCA
- Yes
- Monthly platform fee
- $0/month
Offers options and CFD trading on crypto, which Independent Reserve does not support.
- ASX ETFs supported
- No
- Auto-invest / DCA
- Yes
- Monthly platform fee
- $0/month
Access to futures with up to 125x leverage and margin trading, for more advanced crypto strategies.
- ASX ETFs supported
- No
- Auto-invest / DCA
- Yes
- Monthly platform fee
- $0/month
Common questions
Is Independent Reserve safe to use?
Yes, Independent Reserve is an Australian-registered digital currency exchange with AUSTRAC compliance. It holds client funds in segregated accounts and uses cold storage for the majority of crypto assets. No exchange is risk-free, but it meets standard Australian regulatory requirements.
Does Independent Reserve have high fees?
Independent Reserve charges no monthly platform fee and uses a tiered fee structure based on your 30-day trading volume. Fees start around 0.5% for smaller traders and reduce as volume increases. This is competitive with other Australian exchanges, though some rivals offer flat rates as low as 0.01%.
Can I trade shares on Independent Reserve?
No, Independent Reserve is a crypto-only exchange. It does not support ASX or US share trading. If you want to trade both crypto and traditional shares in one place, you would need a separate broker or a platform that offers both asset classes.
What alternatives exist if I want SMSF crypto investing?
Several Australian crypto exchanges support SMSF accounts with similar features to Independent Reserve. Look for platforms that offer dedicated SMSF application processes, audited annual statements, and the ability to hold assets in a self-managed super fund structure with compliant custody arrangements.