Compare Independent Reserve vs LocalBitcoins
On this page, you can compare Independent Reserve with LocalBitcoins. Which exchange is better to use? You can compare exchange characteristics, fees, trading features, safety, and social media presence.
At the end of this page, you can see our final ratings for both exchanges.
In the table below you can see general information on both exchanges. Independent Reserve was founded in 2013 in Australia. LocalBitcoins was founded in 2012 in Finland.
When choosing an exchange for trading, you should take into account how long it has been an active market player. Older exchanges usually have a good reputation and tend to be more reliable. It may be a good decision to use the older exchange, which is LocalBitcoins. At the same time, newer projects may be more technologically advanced.
You should also pay attention to where the exchange is located. Some countries have strict financial regulations, which makes it difficult to seek court assistance when needed.
Independent Reserve is Centralized and LocalBitcoins is Centralized. You can read more about the pros and cons of centralized and decentralized exchanges in this article.
Independent Reserve has a mobile app available for iOS and Android. LocalBitcoins has a mobile app available for iOS and Android.
Independent Reserve has 1 language available, which is English.
| Company | ||
|---|---|---|
| User rating | 2 user reviews | 1 user review |
| Cryptogeek rating | ||
| Trust Score How it works |
User rating
| 2 user reviews | 1 user review |
Cryptogeek rating
Trust Score
How it worksAbout
|
Independent Reserve is a veteran Australian crypto exchange that lets traders trade popular cryptos like Bitcoin, Ethereum, Bitcoin Cash, Ripple and many more.
|
LocalBitcoins is a p2p cryptocurrency exchange platform launched in Finland in 2012. In some countries, the service is not available however it is possible to use it via VPN or other methods concealing the user's IP address. The main purpose of this platform is the exchange of local national currencies for BTC.
|
Founding Date
| 2013 | 2012 |
Country
| Australia | Finland |
Type
| Centralized | Centralized |
Languages
| English | No data |
Mobile app
| iOS, Android | iOS, Android |
Full address
| Level 26/44 Market St, Sydney NSW 2000, Australia support@independentreserve.com | No data |
Fees
|
Trade commission: As low as 0.1 %, see Trade Volume Discount section below Electronic Funds Transfer deposits: Electronic Funds Transfer deposits of $AUD 100.00 and above are free (smaller deposits incur a $0.99 processing fee) Incorrect / Missing Reference: $20.00 SWIFT deposits: SWIFT deposits of $5,000.00 equivalent and above are free (smaller deposits incur a $15.00 processing fee) Cryptocurrency deposits: Free Australian AUD withdrawals: Free International or non-AUD withdrawals: $20.00 Bitcoin withdrawals: BTC 0.0002 Ether withdrawals: ETH 0.001 Bitcoin Cash withdrawals: BCH 0.0001 Litecoin withdrawals: LTC 0.001 Ripple withdrawals: XRP 0.15 Airbridge™ API: Free |
No data |
| About |
Independent Reserve is a veteran Australian crypto exchange that lets traders trade popular cryptos like Bitcoin, Ethereum, Bitcoin Cash, Ripple and many more.
|
LocalBitcoins is a p2p cryptocurrency exchange platform launched in Finland in 2012. In some countries, the service is not available however it is possible to use it via VPN or other methods concealing the user's IP address. The main purpose of this platform is the exchange of local national currencies for BTC.
|
|---|---|---|
| Founding Date | Founding Date 2013 | Founding Date 2012 |
| Country | Country Australia | Country Finland |
| Type | Type Centralized | Type Centralized |
| Languages | Languages English | Languages No data |
| Mobile app | Mobile app iOS, Android | Mobile app iOS, Android |
| Full address | Full address Level 26/44 Market St, Sydney NSW 2000, Australia support@independentreserve.com | Full address No data |
| Fees |
Fees
Trade commission: As low as 0.1 %, see Trade Volume Discount section below Electronic Funds Transfer deposits: Electronic Funds Transfer deposits of $AUD 100.00 and above are free (smaller deposits incur a $0.99 processing fee) Incorrect / Missing Reference: $20.00 SWIFT deposits: SWIFT deposits of $5,000.00 equivalent and above are free (smaller deposits incur a $15.00 processing fee) Cryptocurrency deposits: Free Australian AUD withdrawals: Free International or non-AUD withdrawals: $20.00 Bitcoin withdrawals: BTC 0.0002 Ether withdrawals: ETH 0.001 Bitcoin Cash withdrawals: BCH 0.0001 Litecoin withdrawals: LTC 0.001 Ripple withdrawals: XRP 0.15 Airbridge™ API: Free |
Fees No data |
Trading
Independent Reserve trading volume is 1,042,835.0. The exchange has 27 available trading pairs. Fiat trading is not available on the exchange. Margin trading is not available.
LocalBitcoins trading volume is 4,800,000.0. The exchange has 103 available trading pairs. Fiat trading is not available on the exchange. Margin trading is not available.
Please note: The bigger number of available trading pairs provides you with more trading opportunities, but may cause technological shortcomings at the same time.
Volume
| 1042835 | 4800000 |
Pairs
| 27 | 103 |
Coins
| 16 | 1 |
Fiat trading
| - | - |
Deposit
| Depends on currency and volume | Depends on currency and volume |
Fees
| Percentage | No Fees |
Margin
| - | - |
| Volume | Volume 1042835 | Volume 4800000 |
|---|---|---|
| Pairs | Pairs 27 | Pairs 103 |
| Coins | Coins 16 | Coins 1 |
| Fiat trading | Fiat trading - | Fiat trading - |
| Deposit | Deposit Depends on currency and volume | Deposit Depends on currency and volume |
| Fees | Fees Percentage | Fees No Fees |
| Margin | Margin - | Margin - |
Safety
Two factor authentication
Verified
| Unverified | Unverified |
| Two factor authentication | Two factor authentication | Two factor authentication |
|---|---|---|
| Verified | Verified Unverified | Verified Unverified |
Social
Website
| www.independentreserve.com | localbitcoins.com |
| @indepreserve | @LocalBitcoins |
Number of followers
| 3500 | 52300 |
| Website | Website www.independentreserve.com | Website localbitcoins.com |
|---|---|---|
| Twitter @indepreserve | Twitter @LocalBitcoins | |
| Number of followers | Number of followers 3500 | Number of followers 52300 |
Rating
| User rating | 2 user reviews | 1 user review |
|---|---|---|
| Cryptogeek rating |
Cryptogeek summary
Independent Reserve user rating is 5, based on 2 user reviews. LocalBitcoins user rating is 3, based on 1 user reviews.
We also calculate the special Cryptogeek TrustScore based on the characteristics of each exchange.
| We choose the winner based on our TrustScore Rating. Please remember, it’s still up to you which company to choose! How do we calculate Trust Score? |
|---|
| We choose the winner based on our TrustScore Rating. Please remember, it’s still up to you which company to choose! How do we calculate Trust Score? |
On this page, you can compare Independent Reserve with LocalBitcoins. Which exchange is better to use? You can compare exchange characteristics, fees, trading features, safety, and social media presence.
At the end of this page, you can see our final ratings for both exchanges.
In the table below you can see general information on both exchanges. Independent Reserve was founded in 2013 in Australia. LocalBitcoins was founded in 2012 in Finland.
When choosing an exchange for trading, you should take into account how long it has been an active market player. Older exchanges usually have a good reputation and tend to be more reliable. It may be a good decision to use the older exchange, which is LocalBitcoins. At the same time, newer projects may be more technologically advanced.
You should also pay attention to where the exchange is located. Some countries have strict financial regulations, which makes it difficult to seek court assistance when needed.
Independent Reserve is Centralized and LocalBitcoins is Centralized. You can read more about the pros and cons of centralized and decentralized exchanges in this article.
Independent Reserve has a mobile app available for iOS and Android. LocalBitcoins has a mobile app available for iOS and Android.
Independent Reserve has 1 language available, which is English.