{"id":17132,"date":"2023-07-09T10:44:33","date_gmt":"2023-07-08T22:44:33","guid":{"rendered":"https:\/\/cryptocurrency.org.nz\/?p=17132"},"modified":"2024-02-02T15:53:15","modified_gmt":"2024-02-02T02:53:15","slug":"independent-reserve-review-nz","status":"publish","type":"post","link":"https:\/\/cryptocurrency.org.nz\/crypto-exchanges-nz\/independent-reserve-review-nz\/","title":{"rendered":"Independent Reserve NZ Review \u2013 New Zealand\u2019s Crypto Guide (2024)"},"content":{"rendered":"\t\t
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\n\n\t\t\t\t\t\tTLDR:<\/span>\n\t\t\t\n\t\t\t\t\t\tCryptocurrency NZ believes that the compliance requirements of Independent Reserve are over the top and unnecessary. We recommend superior New Zealand-based alternatives like Easy Crypto NZ and Pay it Now, which offer a more reasonable and balanced approach to regulation.<\/span>\n\t\t\t\n\t\t\t\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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Based in Australia,\u00a0<\/span>Independent Reserve<\/a>\u00a0is a cryptocurrency exchange<\/a> that provides users with a straightforward and intuitive interface, coupled with affordable trading fees.<\/span><\/p>

In this guide, Cryptocurrency NZ<\/a> will delve into the history and features of this cryptocurrency exchange \u2013 and help gauge if this platform is suited to you.<\/span><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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Related Guides:<\/strong><\/span><\/p>\n

How to Buy Cryptocurrency in NZ \u2013 New Zealand\u2019s Crypto Guide (2024)<\/a><\/strong><\/p>\n

Best Cryptocurrency Exchanges NZ \u2013 New Zealand\u2019s Crypto Guide (2024)<\/a><\/strong><\/p>\n

Hardware Wallets NZ \u2013 New Zealand\u2019s Crypto Guide (2024)<\/a><\/strong><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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What is Independent Reserve NZ? <\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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Independent Reserve<\/a>, an established cryptocurrency exchange based in Australia, offers a stable and highly secure platform for users to engage in the buying and selling of tokens.<\/span><\/p>

Initially founded in 2013, Independent Reserve has since extended its service range to cater to cryptocurrency investors residing in New Zealand and South East Asian regions.<\/span><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t

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History of Independent Reserve NZ <\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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Independent Reserve was founded in 2013 in Sydney, Australia, by a team of smart individuals with a vision to create a reliable and secure platform for cryptocurrency trading. The founders, Adrian Przelozny, Roman Stefanidi, and Adam Tepper, recognized the growing demand for a trusted exchange in the nascent cryptocurrency industry.<\/span><\/p>

In its early years, Independent Reserve focused primarily on serving the Australian market, establishing itself as a reputable platform for buying, selling, and storing digital assets.<\/span><\/p>

As the crypto market continued to evolve, Independent Reserve recognized the increasing demand from investors in neighboring countries, such as New Zealand. They provided New Zealanders with access to a reliable and regulated platform for digital asset trading.<\/span><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t

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How to Buy Bitcoin with Independent Reserve<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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To buy Bitcoin on Independent Reserve in New Zealand, follow these steps:<\/strong><\/span><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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  1. Sign up and create an account:<\/strong> Visit the Independent Reserve website and sign up for an account. Provide the required information and complete the verification process, which may include identity verification and KYC (Know Your Customer) procedures.<\/span><\/p><\/li>

  2. Deposit funds:<\/strong> Once your account is verified, deposit funds into your Independent Reserve account. You can deposit funds using supported fiat currencies.<\/span><\/p><\/li>

  3. Navigate to the trading interface:<\/strong> After depositing funds, navigate to the trading interface on Independent Reserve. Look for the Bitcoin trading pair, typically represented as BTC\/NZD (Bitcoin\/New Zealand Dollar), depending on your country.<\/span><\/p><\/li>

  4. Place a buy order:<\/strong> On the trading interface, specify the amount of Bitcoin you wish to purchase and set the price at which you are willing to buy. You can choose between market orders (buy at the current market price) or limit orders (buy at a specific price).<\/span><\/p><\/li>

  5. Review and confirm the order:<\/strong> Double-check the details of your buy order, including the amount and price. Once you are satisfied, confirm the order.<\/span><\/p><\/li>

  6. Complete the transaction:<\/strong> If your buy order matches with a sell order on the exchange, the transaction will be executed, and you will receive the purchased Bitcoin.<\/span><\/p><\/li><\/ol>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t

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    Independent Reserve NZ Fees <\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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    Deposit Fees <\/h3>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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    Withdrawal Fees <\/h3>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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    Trading Fees <\/h3>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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    Independent Reserve offers discounted fees based on your trading volume over the past 30 days. Trading volume is calculated every 4 hours. Fees range from 0.5% to 0.02%.<\/strong><\/span><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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    Few Independent Reserves Fees more in depth\u00a0<\/a><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t

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    Available Cryptocurrencies <\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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    Independent Reserve offers a small range of 20+ cryptocurrencies that you can buy and sell on their platform \u2013 such as Bitcoin, Ethereum, Litecoin, Dogecoin and Monero.\u00a0

    Note:<\/b> Independent Reserve doesn’t regularly add new cryptocurrencies to the platform.<\/em><\/span><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t

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    Security on Independent Reserve NZ <\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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    Independent Reserve prioritizes the security of user funds and personal information, implementing robust measures to ensure a secure trading environment. Here are some of the key security features and practices employed by Independent Reserve:<\/span><\/p>