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Coinhako vs Independent Reserve: fees, licences and P2P

Facts for both companies from their official pages; each was checked on the date shown in its review.

Facts verified on October 28, 2026

Key differences

On the facts we track, the two are very close.

Criterion	Coinhako	Independent Reserve
Rating	3.4/5 on other platforms 7K ratings	4.6/5 on other platforms 2.1K ratings
Regulators	MAS	MAS
USDT withdrawal	0 USDT on TRC20, 0.3 USDT on SOL, 3 USDT on ERC20	4 USDT on TRC20, 10 USDT on ERC20
Proof of reserves	not published	not published
Deposits and withdrawals	Bank transfer, Visa / Mastercard	Bank transfer
Not available in	United States	—
Founded	2014	2013
Headquarters	Singapore	—
Spot trading fees	—	maker 0.5%, taker 0.5%
	Read review	Read review

Which regulators license Coinhako and Independent Reserve?

Coinhako is licensed by MAS; Independent Reserve by MAS.