Compare Independent Reserve vs Simex
On this page, you can compare Independent Reserve with Simex. 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. Simex was founded in 2015 in USA.
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 Independent Reserve. 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 Simex 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. Simex doesn't have a mobile app.
Independent Reserve has 1 language available, which is English. Simex has 7 languages available, including English, Korean, Russian, Chinese, Indonesian, Malay and Hindi.
| Company | ||
|---|---|---|
| User rating | 2 user review | 7 user review |
| Cryptogeek rating | ||
| Trust Score How it works |
User rating
| 2 user review | 7 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.
|
Simex was launched in Russia as a coin exchange in 2015. This platform has a great liquidity. The volume of the platform is more than $ 320 mln. The exchange has an interesting tool – the coin aggregator.
|
Founding Date
| 2013 | 2015 |
Country
| Australia | USA |
Type
| Centralized | Centralized |
Languages
| English | English, Korean, Russian, Chinese, Indonesian, Malay, Hindi |
Mobile app
| iOS, Android | - |
Full address
| Level 26/44 Market St, Sydney NSW 2000, Australia support@independentreserve.com | 2770 S Maryland Pkw, Suite 300 Las Vegas, NV 89109 |
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 |
0.2% is the commission paid by the maker and the taker of a cryptocurrency transaction. |
| About |
Independent Reserve is a veteran Australian crypto exchange that lets traders trade popular cryptos like Bitcoin, Ethereum, Bitcoin Cash, Ripple and many more.
|
Simex was launched in Russia as a coin exchange in 2015. This platform has a great liquidity. The volume of the platform is more than $ 320 mln. The exchange has an interesting tool – the coin aggregator.
|
|---|---|---|
| Founding Date | Founding Date 2013 | Founding Date 2015 |
| Country | Country Australia | Country USA |
| Type | Type Centralized | Type Centralized |
| Languages | Languages English | Languages English, Korean, Russian, Chinese, Indonesian, Malay, Hindi |
| Mobile app | Mobile app iOS, Android | Mobile app - |
| Full address | Full address Level 26/44 Market St, Sydney NSW 2000, Australia support@independentreserve.com | Full address 2770 S Maryland Pkw, Suite 300 Las Vegas, NV 89109 |
| 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 0.2% is the commission paid by the maker and the taker of a cryptocurrency transaction. |
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.
Simex trading volume is 81,377,280.0. The exchange has 16 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 | 81377280 |
Pairs
| 27 | 16 |
Coins
| 16 | 14 |
Fiat trading
| - | - |
Deposit
| Depends on currency and volume | Free |
Fees
| Percentage | Percentage |
Margin
| - | - |
| Volume | Volume 1042835 | Volume 81377280 |
|---|---|---|
| Pairs | Pairs 27 | Pairs 16 |
| Coins | Coins 16 | Coins 14 |
| Fiat trading | Fiat trading - | Fiat trading - |
| Deposit | Deposit Depends on currency and volume | Deposit Free |
| Fees | Fees Percentage | Fees Percentage |
| 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 | simex.global |
| @indepreserve | @simexinvest |
Number of followers
| 3500 | 2223 |
| Website | Website www.independentreserve.com | Website simex.global |
|---|---|---|
| Twitter @indepreserve | Twitter @simexinvest | |
| Number of followers | Number of followers 3500 | Number of followers 2223 |
Rating
| User rating | 2 user review | 7 user review |
|---|---|---|
| Cryptogeek rating |
Cryptogeek summary
Independent Reserve user rating is 5, based on 2 user reviews. Simex user rating is 3.6, based on 7 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 Simex. 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. Simex was founded in 2015 in USA.
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 Independent Reserve. 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 Simex 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. Simex doesn't have a mobile app.
Independent Reserve has 1 language available, which is English. Simex has 7 languages available, including English, Korean, Russian, Chinese, Indonesian, Malay and Hindi.