Australia-founded cryptocurrency exchange, first to receive full MAS Major Payment Institution license in Singapore. Known for institutional-grade security and compliance.
KYC verification: Same day
Available in: AU, SG
Best MAS-licensed option for institutional investors
First MAS-licensed exchange in Singapore, instant PayNow deposits
Primary Paynow
PayNow deposits arrive within 60 seconds. FAST transfers are also instant.
⚠ Incorrect reference code on transfer
⚠ Name mismatch between bank and exchange accounts
MAS Major Payment Institution
Last verified: 2026-02-04 · View source
Trading Fees
0.02-0.5% trading fees (based on volume). Free SGD deposits via PayNow/FAST.
PayNow deposit not arriving
Ensure you copied the exact reference code from Independent Reserve. PayNow deposits should arrive within 60 seconds. Check your bank app to confirm the transfer was sent.
FAST transfer pending
FAST transfers are usually instant. Verify the account details and reference code were entered correctly. If delayed more than an hour, contact your bank.
Name mismatch error
Your bank account name must exactly match your verified Independent Reserve account name. Joint accounts may not work.
Australian users wanting an established local exchange with SMSF support and institutional security
Founded in Australia since 2013, instant Osko deposits, fully AUSTRAC registered
Primary Osko/PayID
Osko deposits are typically near-instant. Standard bank transfers can take 0-1 business days.
⚠ Deposits can be delayed if the bank account name does not match the verified Independent Reserve account name
⚠ First-time Osko payments may trigger bank fraud checks
AUSTRAC DCE Registered
Last verified: 2026-02-04 · View source
Trading Fees
0.02-0.5% volume-based
Deposit Fees
Free for Osko and bank transfers
Osko deposit not arriving
Ensure you copied the exact reference code from Independent Reserve. Osko deposits should arrive within minutes. Check your bank app to confirm the transfer was sent.
Bank transfer pending
Standard bank transfers can take up to 1 business day. Verify the account details and reference code were entered correctly.
Name mismatch error
Your bank account name must exactly match your verified Independent Reserve account name. Joint accounts may not work.
My bank blocked the transfer
Some Australian banks flag first-time payments to exchanges. Add Independent Reserve as a payee first, do a small test transfer, and complete any in-app security prompts.
Indep. Reserve supports PayNow, FAST, Osko/NPP, Bank Transfer for deposits.
Indep. Reserve typically completes KYC verification in same day.
Indep. Reserve is available in AU, SG.