The hype around digital currency Bitcoins continues to defy the expectations of investment professionals as another Australian-based exchange opens today, promising to give investors faster trading access than ever before.Bitcoin company, Independent Reserve, has launched the country’s newest exchange, based in Sydney.It is understood there are now two in Australia.Unlike the two main Australian-based stock exchanges, Independent Reserve is not regulated by the Australian Securities and Investments Commission, which means the company has had to take investor protection into their own hands.“Price Waterhouse Coppers are auditing all of our finances,” said the company’s chief executive Adam Tepper.“We are trying to mitigate risks to ensure people think their money is safe and secure.We have done everything we could possibly do to minimise risk to our clients,” he said.The Australian Taxation Office ruled in August that Bitcoin, which trades uses mathematical code, is a commodity, not a currency and people who transact using Bitcoins will have to pay goods-and-services tax on the Australian dollar value of the transaction.Independent Reserve said it will not charge GST on the funds sold through its exchange.Wild fluctuations in the price of a Bitcoin – which is currently trading at $US380 and was once as high as $US1000 – as well as heightened level of risk and lack of formal regulation are often cited by professional investors as the reasons why they will not invest in the digital currency.Among the skeptics on Bitcoin include legendary investor Warren Buffett and Peter Schiff, who have questioned its value.

Mr Schiff however recently announced that he would partner bitcoin payment processor BitPay to allow investors to buy and sell gold and silver.Attitudes do appear to be changing and more and more entrepreneurs like Mr Tepper are eager to find new ways of tapping into demand for Bitcoins and the opportunities attached.“Other exchanges I have looked at have taken two or three months to create an account, but more stereotypical is one week.I think that is a long time so I think what people will notice when they use Independent Reserve is that they can be up and trading in a matter of a few minutes, which is great,” he said.Melbourne-based Bitcoin Group is hoping to be the first Bitcoin company to list on the Australian Securities Exchange in November.It comes as a Senate inquiry into the regulation of Bitcoin chaired by senator Sam Dastyari opens for submissions to develop a regulatory framework around the cryptocurrency.“In Australia, Bitcoin is classified as a digital asset.I think we will probably see a change in the attitude towards Bitcoin.

I think after this Senate inquiry I think we should probably see more in the Bitcoin space,” said Mr Tepper.This week, London-based Bitcoin company Coinfloor and also the biggest Bitcoin-to-sterling exchange in terms of volume of currency traded, will launch a wider range of currencies, according to the Financial Times.It will also raise money from its investors to launch a bitcoin fund next month, taking the company’s value up to £8million.In Japan, Bitcoin exchange Kraken will start operating by the end of this month, and will become the latest crypto-currency service to launch in the country since the collapse of Mt.bitcoin johannesburgGox – which was previously one of the world’s biggest crypto-currency market places.Mt.bitcoin armory videoGox went bust at the start of this year and lost half a billion dollars’ worth of bitcoin belonging to 120,000 creditors.Technology giants like Apple have been increasingly looking at Bitcoin as an alternative payments system.Independent Reserve said that its servers are securely located at two Tier 3 data centres in Sydney, allowing for synchronous replication of all data across both locations in real-time to ensure zero data loss.The exchange will charge a flat fee of 0.5 per cent on all trades, however Mr Tepper said the company is open to negotiation with market makers and heavy volume traders.gerar bitcoin

From the CEO It's revolutionised finance, and we've had to adjust our preconceptions about what money actually is.CEO shows how to get started We have a number of sophisticated security options, for your peace of mind.Market expert on the growth of Bitcoin Major global businesses have begun accepting and transacting in Bitcoin.The People's Money - Bitcoin Adam Tepper, founding partner of Independent Reserve, explains the concepts behind Bitcoin in an approachable and easy to understand way.bitcoin kurs goldAdam's book leaves the reader with a solid understanding of this revolutionary new technology and the vast potential that it brings.litecoin trendGet the Book Independent Reserve is a Bitcoin and Digital Currency exchange where investors, traders and everyday people come to buy and sell Bitcoin and Ether XBT ETH XBT ETH Independent Reserve is a registered Australian company, underpinned by Australia's highly regulated financial sector.bitcoin easter egg

We are audited annually by one of the world's most respected auditing firms - read more about our governance.The technology behind Independent Reserve is our proprietary Airmarshal™ platform, which provides a secure, robust, scalable system for online trading.We also provide the secure Airbridge™ API for third parties integrating with Independent Reserve.Buy and sell Bitcoin and Ether using any of our three supported currencies USD AUD NZD USD AUD NZD Four Easy Steps In four easy steps, you can be securely trading Bitcoin and Ether.Create an Account It doesn't cost anything, and it only takes a moment.Verify your Identity We are legally required to verify your identity before you can trade.We will ask for some personal information, and then send you a security code in the mail.Once you've entered the code mailed to you, your account will be immediately ready to trade.Deposit Funds To buy Bitcoin or Ether, you need to first deposit funds into your account.

For Australian customers we accept Electronic Funds Transfer.International customers may make a SWIFT transfer into our bank account.To sell Bitcoin or Ether, you may deposit Bitcoin and Ether into your Independent Reserve account.Buy and Sell Bitcoin and Ether Once your account is funded, you may then follow the prompts to buy and sell Bitcoin or Ether.When you're finished, you may keep your money at Independent Reserve for safekeeping, or withdraw it to your own Bitcoin or Ether wallet or bank account.Multi-Currency Trading Independent Reserve facilitates trading Bitcoin and Ether in three currencies: USD, AUD and NZD.When depositing funds into your Independent Reserve account, you can choose to credit any of your accounts.Independent Reserve features a multi-currency order book which automatically converts all open orders into your currency of choice.This means that you can take advantage of the full pool of open orders to always get the best possible price when trading Bitcoin (Ether), as someone using AUD can transparently buy Bitcoin (Ether) from another user who trades in USD or NZD, and vice versa.

Usd Aud Nzd 1 Usd = 1 1.3053 1.3505 1 Aud = 0.7411 1 1.0170 1 Nzd = 0.7119 0.9415 1 Fee Schedule Independent Reserve does not collect GST on the value of Bitcoin or Ether bought or sold.The ATO have recently released guidance on Bitcoin and Digital Currency treatment under GST, which may require Australian suppliers of Bitcoin and Digital Currency to charge GST on the supply of Bitcoin and Digital Currency in some circumstances.Independent Reserve provides an open marketplace for buyers and sellers, and does not buy or sell Bitcoin or Ether in its own right.Therefore we are not required to collect GST on the value of Bitcoin or Ether traded.Independent Reserve does include GST as part of the brokerage fee charged to Australian customers, however this GST is absorbed within the standard 0.5 % trading fee and ultimately paid out of our own profits.Trade commission As low as 0.1 %, click here for full fee schedule Electronic Funds Transfer deposits Electronic Funds Transfer deposits of AUD 100.00 and above are free (smaller deposits incur a $0.99 processing fee) POLi deposits POLi deposits incur a $3.30 processing fee SWIFT deposits SWIFT deposits of $5,000.00 equivalent and above are free (smaller deposits incur a $15.00 processing fee) Crypto Capital deposits Crypto Capital deposits of $5,000.00 equivalent and above are free (smaller deposits incur a $10.00 processing fee) Bitcoin and Ether deposits Free Australian AUD withdrawals Free International or non AUD withdrawals $20.00 Bitcoin withdrawals XBT 0.0007 Ether withdrawals ETH 0.004 Airbridge™ API Free In the Media Industry News Education Trade History Show candlesticks What others are saying Independent Reserve has been able to merge expertise in technology, with a strong foundation in finance.