Independent Reserve is an Australian-based exchange that supports Fiat-to-crypto trading with crypto-to-crypto support as well. While not all countries are currently supported, many are.
To buy Litecoin on Independent Reserve, please follow the listed steps below:
1. Create an account on Independent Reserve
2. Enter your identity details to Independent Reserve
3. Verify Independent Reserve through email
4. Secure Independent Reserve through 2FA
5. Verify identity your on Independent Reserve
6. Deposit funds on Independent Reserve
7. Trade Fiat funds for Litecoin on Independent Reserve
As with almost every exchange, the first step to buying Litecoin on Independent Reserve is to create an account. Simply go to https://www.independentreserve.com/ and click on the “Create account” button seen on the top right corner.
That should prompt a popup where you’ll choose a username, a password as well as provide a referral code if you have one (optional).
After choosing a username and a password, the next menu will be to input your personal details such as name, the source of funds, date of birth, country of residence etc.
To verify your email, you’ll type in your email in the “email address” box as shown below. You’ll then receive a code in your email that you’ll have to put on the site to verify.
Please note that if you use Gmail, this email should be found under the “Updates” section of your inbox.
This step isn’t necessarily compulsory, however, it is highly recommended to protect your account from hacks, phishing attempts etc. With Google Authenticator 2FA for example, you receive a unique on the application (in your mobile device) every 30 seconds so that only you in possession of the device at that point can log in to your account.
For this, you’ll have to download the Google Authenticator app from Google Play Store (for Android users) or App Store (for iOS users).
On the same page where you enter personal details and verify email, the Set 2FA option is at the bottom of the page. Select Google Authenticator, scan the QR code provided using the app and enter the code shown on your device unique to the Independent Reserve website.
Once done with email verification and setting up 2FA, you’ll need to verify personal information to be allowed to deposit, trade and withdraw on Independent Reserve. This typically involves filling in your address as well as providing proof of residence and submitting an identification document such as an international passport or driving license.
After verifying your account, you’ll then be able to deposit funds into Independent Reserve exchange. Deposit methods include Electronic Funds Transfer and SWIFT transfer.
Select “accounts” from the top menu and select your preferred currency. You’ll then receive deposit instructions that you’ll follow.
After depositing funds, you can either buy at the set price available (market buy) or set a price point you want to buy (limit trade).
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