Independent Reserve vs Binance: which crypto platform wins for Australians in 2026?
This is the most polarised comparison in the Australian crypto landscape. Independent Reserve is the institutional-grade AU specialist: Sydney-based since 2013, AUSTRAC-registered, ISO 27001 certified, dedicated SMSF product, OTC desk for trades above AUD 50,000, multi-currency base support (AUD, NZD, USD, SGD), phone support during Australian business hours. Coin selection is deliberately narrow at around 30 listings, retail fees are 0.5 percent per side. Binance is the global product breadth leader: 500+ coins, 0.1 percent spot fees (0.075 percent with BNB-discount), the broadest derivatives suite globally (futures, options, margin), but the AU entity closed in 2023 so Australian users access the global platform without AUSTRAC oversight. For SMSF trustees, HNW investors, and OTC users: Independent Reserve wins decisively. For derivatives traders, ultra-low-cost active trading, or long-tail altcoins: Binance is the only option. Many serious Australian users hold accounts at both.
Quick verdict: which should you choose?
Choose Independent Reserve if:
- You hold crypto inside an SMSF (only platform with dedicated SMSF product)
- You execute single trades above AUD 50,000 (only AUSTRAC-registered AU exchange with a genuine OTC desk)
- You want AUSTRAC registration plus ISO 27001 plus 13-year clean operating record
- You need multi-currency base support (AUD, NZD, USD, SGD)
- You are a corporate trustee, family office, or HNW investor
- You want phone support during Australian business hours
- You prioritise institutional-grade custody over coin breadth or derivatives access
Choose Binance if:
- You need derivatives: futures, options, margin, leveraged tokens
- You are an active spot trader and want the lowest fees globally (0.1% standard, 0.075% with BNB)
- You want the broadest coin selection (500+ vs IR's 30)
- You want long-tail altcoins, memecoins, or newer Layer 1/Layer 2 launches
- You can fund via card (1-2% fee) or stablecoin transfer from another AU exchange
- You are comfortable trading on a non-AUSTRAC platform without local consumer protection
At-a-glance comparison
| Feature | Independent Reserve | Binance | Winner |
|---|---|---|---|
| Headquarters | Sydney, Australia | Cayman Islands (operating globally) | Different positioning |
| Australian operations | AUSTRAC-registered DCE since 2013 | Global platform (AU entity closed 2023) | Independent Reserve |
| AUSTRAC registration | Yes (DCE100425081) | No (since AU entity closed) | Independent Reserve |
| ISO 27001 certification | Yes (recertified annually) | Yes | Tie |
| Founded | 2013 | 2017 (global) | Independent Reserve |
| Listed coins | ~30 | 500+ | Binance |
| Standard spot fee | 0.5% per side | 0.1% per side | Binance |
| Best-tier spot fee | 0.05% per side (institutional volume) | 0.075% with BNB-discount | Independent Reserve (at top tier) |
| Futures available | No | Yes (USD-M and COIN-M) | Binance |
| Options available | No | Yes (BTC, ETH) | Binance |
| Margin trading | No | Yes (up to 10x) | Binance |
| SMSF onboarding | Dedicated, purpose-built workflow | None | Independent Reserve |
| Native SMSF tax reports (1/3 CGT discount) | Yes | No | Independent Reserve |
| OTC desk (above AUD 50,000) | Yes (named trader, AU-regulated) | Global OTC only (offshore) | Independent Reserve (for AU) |
| Multi-currency base | AUD, NZD, USD, SGD | USD primary (no PayID/AUD rails) | Independent Reserve |
| Free PayID / Osko deposit | Yes | No | Independent Reserve |
| Phone support | Yes (AU business hours) | None (chat only) | Independent Reserve |
| ATO-aligned tax CSV | Yes (clean, SMSF-aware) | Yes (Koinly compatible) | Independent Reserve (slight) |
| AUSTRAC ATO data-matching | Yes (direct via AUSTRAC) | No (offshore) | Different exposure |
| AFCA dispute resolution | Yes (via AUSTRAC oversight) | No | Independent Reserve |
| Recent major regulatory event | None | Nov 2023 DOJ settlement (USD 4.3bn) | Independent Reserve |
| Active affiliate (cloaked) | Yes | Yes | (Disclosure note) |
| Overall rating | 4.6 / 5 | 4.1 / 5 | Independent Reserve |
Regulation: the structural split
The two exchanges occupy completely different regulatory worlds, and the gap matters more for Australian users than for users in any other comparison covered on this site.
Independent Reserve is an AUSTRAC-registered Digital Currency Exchange provider (DCE100425081), holds an ISO 27001 certification recertified annually, has operated continuously since 2013 with no major publicly reported security breach, and has published proof-of-reserves attestations at multiple points during its operating history. The exchange shares user identity and transaction data with the ATO under the formal data-matching program, and AFCA dispute resolution applies through AUSTRAC oversight.
Binance Australia (the local AUSTRAC-registered entity, operated by InvestByBit Pty Ltd) closed in 2023 and Australian users now access the global Binance.com platform which is not AUSTRAC-registered. The closure followed major Australian banks restricting PayID transfers to several crypto exchanges including Binance Australia, citing scam-prevention concerns. The November 2023 USD 4.3 billion US Department of Justice settlement and former CEO Changpeng Zhao's guilty plea on Bank Secrecy Act charges are recent regulatory history that Australian users should understand before choosing between the two platforms.
| Regulatory dimension | Independent Reserve | Binance (global) |
|---|---|---|
| AUSTRAC DCE registration | Yes (DCE100425081) | No |
| ISO 27001 certification | Yes (recertified annually) | Yes |
| Australian operating entity | Yes (Sydney) | None (since 2023) |
| Years operating in AU | 13 (since 2013) | 3 (2020-2023 via local entity); global since 2017 |
| Australian consumer protection | Yes (via AUSTRAC oversight) | Limited (general consumer law only) |
| AFCA dispute resolution | Available | No |
| ATO data-matching reporting | Yes (direct via AUSTRAC) | No (offshore, indirect via international treaties) |
| Major recent regulatory event | None | Nov 2023 DOJ settlement, USD 4.3bn |
| Recourse for disputes | AFCA, Australian courts, ASIC complaints | International avenues only |
For SMSF trustees, HNW investors, and any Australian user where regulatory protection is a structural priority, Independent Reserve is the only correct answer. The regulatory gap is the single largest decision factor in this comparison, more so than fees or product range.
That said, Australian users legally trading on global Binance are not breaking any law. Personal use of an offshore exchange is permitted; ATO tax obligations apply regardless of platform. The trade-off is that the protections of a domestic exchange do not transfer to the offshore one.
Fees: a 5x gap that matters less than it looks
The headline fee difference between Independent Reserve and Binance is the largest in any AU crypto comparison: 0.5 percent per side at IR versus 0.1 percent at Binance, a 5x ratio. In practice, the gap is smaller than the headline suggests for several reasons.
| Fee component | IR (standard) | IR (top tier, AUD 5m+ vol) | Binance (standard) | Binance (with BNB) |
|---|---|---|---|---|
| Spot maker fee | 0.50% | 0.05% | 0.10% | 0.075% |
| Spot taker fee | 0.50% | 0.05% | 0.10% | 0.075% |
| Round-trip cost on $10,000 BTC trade | ~AUD 100 | ~AUD 10 | ~AUD 20 | ~AUD 15 |
| Cost differential vs Binance standard | +400% | -50% | Baseline | -25% |
The retail-tier fee gap is genuine and material for active traders. Across realistic volume profiles:
| Annual buying volume | IR fees | Binance standard | Binance with BNB |
|---|---|---|---|
| $10,000 | ~AUD 100 (0.5%) | ~AUD 20 | ~AUD 15 |
| $50,000 | ~AUD 500 (0.5%) | ~AUD 100 | ~AUD 75 |
| $100,000 | ~AUD 600 (0.3% mid-tier) | ~AUD 200 | ~AUD 150 |
| $500,000 | ~AUD 1,000 (0.2% mid-tier) | ~AUD 1,000 | ~AUD 750 |
| $5,000,000 | ~AUD 2,500 (0.05% top tier) | ~AUD 10,000 | ~AUD 7,500 |
The crossover point is around AUD 500,000 annual buying volume: below that, Binance is materially cheaper; above that, IR's institutional tier becomes competitive and at very high volumes (AUD 5m+) IR is actually cheaper than Binance standard.
The fee story changes for AUD funding. Binance does not offer free PayID, Osko, BPAY, or POLi for Australian users. AU funding routes through cards (1-2 percent fee), P2P marketplace (variable rates), or stablecoin transfer from another AU exchange (free if you already hold the stablecoin). For pure retail buyers, the funding-fee disadvantage at Binance partially offsets the trading-fee advantage on small purchases. For high-volume active traders, the trading-fee advantage compounds significantly.
For SMSF accounts specifically, the per-trade fee gap is often smaller than the time saving from IR's automated 1/3 CGT discount in tax reports. Manual SMSF tax reconciliation on Binance can take hours per quarter; IR produces compliant reports automatically.
SMSF and OTC: Independent Reserve only
Two product categories are unique to Independent Reserve in the AU crypto landscape, and these are the strongest reasons to choose IR over Binance for users in the relevant profiles.
SMSF (Self-Managed Super Fund)
Independent Reserve has the only purpose-built SMSF product on any AUSTRAC-registered Australian crypto exchange.
| SMSF feature | Independent Reserve | Binance (global) |
|---|---|---|
| Dedicated SMSF onboarding | Yes (separate from retail) | No (retail account only) |
| Trustee documentation captured at sign-up | Yes (fund deed, ATO registration) | No |
| Account labelled SMSF in platform | Yes | No |
| Auditor-ready transaction records | Yes (structured for SMSF audit) | No (manual reconciliation) |
| Native 1/3 CGT discount in tax reports | Yes (10% effective rate on long-term gains) | No (manual calculation required) |
| Class Super / BGL 360 export compatibility | Yes | No |
| Corporate trustee accounts | Yes | No |
| Family office and discretionary trust onboarding | Yes (named relationship support) | No |
For SMSF trustees holding crypto, Independent Reserve is the structural answer. The combination of dedicated onboarding, native SMSF tax reports applying the 33.33 percent CGT discount, and accounting platform compatibility means the fund's compliance burden is materially lower than running Binance manually. The fee premium IR charges over Binance is typically smaller than the time saving from automated SMSF reporting across an annual audit cycle.
OTC desk for trades above AUD 50,000
Independent Reserve operates the only genuine OTC desk on any AUSTRAC-registered Australian crypto exchange. Binance has a global OTC desk for institutional clients but does not provide Australian regulatory protection.
For trades above AUD 50,000, IR clients can request OTC execution where a named desk trader provides a firm two-way quote outside the public order book. The trade settles against the desk rather than the public market, which avoids slippage on illiquid pairs.
For a hypothetical AUD 200,000 Bitcoin trade:
- IR public order book: similar to Binance, would fill against retail liquidity with potential price impact
- IR OTC desk: single negotiated price, typically 0.3-0.5 percent better than walking the book on illiquid pairs
- Binance global OTC: similar single-price execution, but settlement is offshore without Australian regulatory backstop. Larger users may prefer for liquidity but lose AUSTRAC/AFCA protection.
For HNW Australian users wanting OTC execution with domestic regulatory protection, Independent Reserve is structurally necessary. The execution-quality difference on a single AUD 200,000 trade can be AUD 600-1,000, which is materially larger than the per-trade fee difference between the two platforms.
Derivatives: Binance only
Independent Reserve is a spot-only exchange. There are no futures, options, margin, or leveraged token products. Binance offers the broadest derivatives suite available globally:
| Derivatives product | Binance | Independent Reserve |
|---|---|---|
| USD-M Futures (perpetual) | Yes (200+ pairs) | No |
| USD-M Futures (quarterly) | Yes | No |
| COIN-M Futures | Yes | No |
| Options (BTC, ETH) | Yes (vanilla European-style) | No |
| Margin trading | Yes (up to 10x) | No |
| Leveraged tokens | Yes (BLVT) | No |
| Futures fees (maker) | 0.02% | n/a |
| Futures fees (taker) | 0.04% | n/a |
For Australian users wanting derivatives, Binance is the only option among the major platforms covered on this site. No AUSTRAC-registered Australian exchange offers equivalent products. The trade-off is that derivatives use intensifies the regulatory exposure: leveraged trading on a non-AUSTRAC platform carries higher consumer-protection risk than leveraged products on an ASIC-licensed CFD broker would.
For pure spot crypto investors, Independent Reserve covers every use case adequately. For active derivatives traders, Binance is structurally necessary.
Coin selection: 30 vs 500+
Coin selection is the second-largest structural gap between the two exchanges, after regulation.
Independent Reserve lists approximately 30 cryptocurrencies, focused on top-market-cap established assets. Coverage includes BTC, ETH, SOL, ADA, AVAX, NEAR, DOT, LINK, MATIC, XRP, LTC, BCH, UNI, AAVE, and similar. The listing philosophy is deliberately conservative: assets go through extensive internal review covering project fundamentals, security audit history, and regulatory standing before listing. Speculative memecoins are generally not listed.
Binance lists more than 500 cryptocurrencies spanning thousands of trading pairs. Coverage extends across the full long tail: every top-100 coin, every major Layer 1 and Layer 2, established DeFi tokens, memecoins, newer launches within days of debut, wrapped versions (WBTC, WETH), staking derivatives, and synthetic exposure products.
Practical implications:
- Top-50 coins: identical at both. No practical difference for buy-and-hold majors.
- Top-100 to top-500: Binance only. IR does not list most assets in this range.
- Memecoins and new launches: Binance only. IR does not list memecoins as a matter of policy.
- Wrapped tokens and synthetic versions: Binance only.
- Privacy coins: neither lists them in Australia, consistent with regulatory positioning.
For investors whose strategy is BTC, ETH, and a handful of established Layer 1s, both exchanges work identically on coin coverage. For investors rotating into smaller altcoins, newer Layer 2s, memecoins, or wrapped/synthetic tokens, Binance is structurally necessary and IR is not a substitute.
AUD rails and multi-currency
This is another dimension where Independent Reserve wins decisively for Australian users, and where IR has additional features that no other exchange in this comparison set offers.
| Method | Independent Reserve | Binance (global) |
|---|---|---|
| PayID | Free, under 60 seconds | Not available |
| Osko | Free, minutes | Not available |
| BPAY | Free, same day to next day | Not available |
| Bank transfer (AUD) | Free, 1 business day | Limited (international wire only) |
| International wire (USD, NZD, SGD) | Bank fees only | Available |
| Credit / debit card | Limited | Yes (1-2% fee) |
| P2P marketplace | No | Yes (variable rates) |
| AUD withdrawal | Free, ~6 hours typical | P2P or international wire |
| NZD base account | Yes | No native |
| USD base account | Yes | Yes (default) |
| SGD base account | Yes | No native |
The AUD rails gap is structural. PayID, Osko, BPAY, and the AU bank-transfer infrastructure are Australian banking systems that require partnership with Australian banks; the global Binance platform does not have these partnerships and cannot offer them. Australian users funding Binance do so via cards (1-2 percent fee), P2P marketplace, or stablecoin transfer from another AU exchange.
The multi-currency base support is unique to Independent Reserve. NZD base accounts matter for New Zealand SMSF trustees and AU-NZ dual-resident users. USD and SGD base accounts matter for users running multi-currency exposure or international family office structures. Binance is effectively USD-base for Australian users with no native multi-currency settlement.
For SMSF trustees, multi-currency users, or anyone needing free PayID/Osko AUD funding, Independent Reserve is the only correct answer. For users comfortable with stablecoin-transfer workarounds, Binance is functional but adds friction.
Who wins on specific use cases
SMSF trustee with crypto exposure
Winner: Independent Reserve. Only platform with dedicated SMSF onboarding, native 1/3 CGT discount in tax reports, accounting platform compatibility (Class Super, BGL 360), and corporate trustee support. Binance has no SMSF-specific product.
High-net-worth investor (over AUD 100,000 single-exchange exposure)
Winner: Independent Reserve. Custody quality plus OTC desk plus phone support during AU business hours. The fee premium versus Binance is small relative to the institutional infrastructure benefit at HNW balances.
Trader executing single trades above AUD 50,000
Winner: Independent Reserve. OTC desk access provides single-price execution with Australian regulatory protection. Binance has a global OTC desk but lacks AUSTRAC backstop. Execution quality difference can be AUD 600-1,000 per AUD 200,000 trade.
Pure retail buy-and-hold investor on majors (BTC, ETH, top-20)
Winner: depends on volume. For under AUD 50,000 annual buying, Binance is materially cheaper on per-trade fees (0.1 percent vs 0.5 percent at IR retail tier). For AUD 500,000+ annual buying, IR's institutional tier matches or beats Binance on fees. For users prioritising AUSTRAC protection over per-trade fee, IR wins at any volume.
Active spot trader running 50+ trades per month on majors
Winner: Binance with BNB-discount. 0.075 percent per side via BNB-discount versus IR retail's 0.5 percent. Cost saving compounds materially across hundreds of trades.
Derivatives trader (futures, options, margin)
Winner: Binance. IR is spot-only. No equivalent option among AUSTRAC-registered Australian exchanges.
Long-tail altcoin or memecoin investor
Winner: Binance. 500+ coins versus IR's 30. IR doesn't list memecoins as a matter of policy.
Multi-currency user (AUD plus NZD, USD, or SGD)
Winner: Independent Reserve. Native multi-currency base support. Binance is effectively USD-only for Australian users.
Tax-compliance-conscious Australian resident
Winner: Independent Reserve. AUSTRAC-registered, direct ATO data-matching, clean CSV exports including SMSF-formatted reports. Binance global is legal but creates more paperwork at tax time.
Trader who can't tolerate offshore counterparty risk
Winner: Independent Reserve. AUSTRAC-registered, AFCA recourse, Australian operating entity since 2013, no major regulatory events. Binance has strong custody but no Australian regulatory backstop and recent DOJ settlement history.
Cost-conscious user comfortable with offshore risk
Winner: Binance with BNB-discount. 0.075 percent is the lowest available globally. Stablecoin-transfer workaround makes the AUD rail gap manageable.
User who wants both AU institutional protection AND derivatives access
Winner: both. Use IR for SMSF holdings, large block trades via OTC desk, and AUSTRAC-protected core BTC/ETH custody. Use Binance for derivatives, BNB-discounted active trading, and long-tail altcoin exposure. Common pattern among serious AU users with diversified strategies.
Final recommendation
Independent Reserve and Binance occupy different ends of the AU crypto spectrum. Unlike most platform comparisons where one is broadly better, this one is genuinely use-case dependent.
For SMSF trustees, HNW investors, corporate trustees, family offices, and anyone executing trades above AUD 50,000 regularly, Independent Reserve is the only correct answer. The dedicated SMSF infrastructure, OTC desk, multi-currency base support, AUSTRAC registration plus 13-year clean operating record, and phone support are reasons to pay the fee premium. At HNW or institutional balances, the per-trade fee premium is small relative to the infrastructure value.
For derivatives traders, ultra-low-cost active spot traders willing to use BNB-discount, and investors needing access to long-tail altcoins, Binance is structurally necessary. Independent Reserve is not a substitute for any of these use cases. The regulatory trade-off is real and acceptable for users who understand it.
For serious crypto users with multi-asset, multi-strategy portfolios, the two-platform setup is genuinely defensible: Independent Reserve for SMSF holdings, large block trades via OTC desk, and core BTC/ETH AUSTRAC-protected custody; Binance for derivatives, BNB-discounted active trading, and access to coins not listed locally. Move stablecoins between the two as needed for funding. This is the pattern used by most serious Australian crypto users with diversified strategies.
For the broader Australian crypto exchange landscape, see the Best Crypto Exchanges Australia 2026 pillar. For the AUSTRAC-vs-offshore decision against the largest AU retail exchange, see Binance vs CoinSpot. For the institutional-vs-retail head-to-head against the AU breadth leader, see Independent Reserve vs CoinSpot. For dollar-by-dollar CGT modelling, the free Crypto CGT Calculator handles either platform's CSV input. For the full ATO framework, see the Crypto Tax Australia pillar.
Independent Reserve
Sydney since 2013. AUSTRAC registered (DCE100425081). ISO 27001. Dedicated SMSF product. OTC desk for trades above AUD 50,000. Multi-currency base (AUD, NZD, USD, SGD). Phone support during AU business hours.
Binance
Global platform since 2017. 500+ coins. 0.1% spot (0.075% with BNB). 0.02% futures maker. Broadest derivatives suite globally. Not AUSTRAC-registered since 2023.
Frequently asked questions
It depends entirely on use case, more than any other AU crypto comparison. Independent Reserve wins for SMSF trustees, high-net-worth investors, anyone executing single trades above AUD 50,000 (OTC desk), users wanting multi-currency base support (AUD, NZD, USD, SGD), and anyone prioritising AUSTRAC regulation plus 13-year clean operating history. Binance wins for derivatives traders (futures, options, margin), active spot traders wanting 0.1 percent fees or 0.075 percent with BNB-discount, and investors needing access to long-tail altcoins not listed at IR. The two platforms genuinely don't compete for the same users.
On paper yes, in practice often less than that. Binance charges 0.1 percent spot per side (0.075 percent with BNB-discount enabled). Independent Reserve charges 0.5 percent per side standard, declining to 0.05 percent at the top volume tier (AUD 5 million 30-day volume). For typical retail volumes, Binance is roughly 5x cheaper on per-trade fees. However, IR's free PayID/Osko/BPAY/SGD/USD/NZD funding rails partially offset the per-trade fee gap because Binance does not offer PayID and Australian users either pay 1-2 percent on card deposits or use a stablecoin-transfer workaround. For very high-volume IR users hitting the institutional tier (0.05 percent), the per-trade fee gap closes substantially.
Binance has a global OTC desk for institutional clients, but it is not equivalent in the Australian context. Independent Reserve operates the only genuine OTC desk on any AUSTRAC-registered Australian crypto exchange, with named-trader execution for trades above AUD 50,000 and AUSTRAC/AFCA-protected settlement. Binance OTC operates from offshore entities and does not provide Australian regulatory backstop. For HNW Australian users wanting OTC execution with domestic regulatory protection, Independent Reserve is structurally necessary.
Independent Reserve, by a wide margin. IR has the most mature Self-Managed Super Fund product on any platform available to Australian users: dedicated SMSF onboarding workflow separate from retail accounts, native SMSF tax reports applying the correct one-third CGT discount (10 percent effective on long-term gains for complying SMSFs in accumulation phase), and exports compatible with Class Super, BGL 360, and other major SMSF accounting platforms. Binance offers no SMSF-specific product. SMSF trustees holding crypto on Binance have to manually reconcile transactions and apply the SMSF tax framework themselves, which creates significant audit risk.
Yes, individual Australians can legally use the global Binance platform at binance.com. The local Binance Australia entity (operated by InvestByBit Pty Ltd under AUSTRAC registration) closed in 2023 after major Australian banks restricted PayID transfers to crypto exchanges. The global platform accepts Australian users but is not AUSTRAC-registered. Using global Binance is legal for personal trading; the AUSTRAC consumer protections, AFCA dispute resolution, and direct ATO data-matching available through Independent Reserve do not apply.
Binance lists more than 500 cryptocurrencies, the broadest selection of any major exchange. Independent Reserve lists approximately 30 cryptocurrencies, focused on top-market-cap established assets. The gap is structural and deliberate: IR's listing philosophy is conservative institutional (assets go through extensive review covering project fundamentals, security audit history, and regulatory standing); Binance's is broad global coverage including memecoins and newer launches. Both list every top-50 coin (BTC, ETH, SOL, ADA, AVAX, DOT, LINK, MATIC, AAVE, UNI, LTC, BCH, XRP). For majors, the difference is invisible. For long-tail altcoins, Binance is the only option.
Independent Reserve is structurally safer from a regulatory perspective. IR is AUSTRAC-registered, holds an ISO 27001 certification recertified annually, has operated continuously since 2013 with no major publicly reported breach, publishes proof-of-reserves attestations historically, and provides AFCA dispute resolution. Binance has strong custody infrastructure (SAFU fund, ISO 27001), survived the 2019 USD 40 million BTC hack with full user reimbursement via SAFU, but the regulatory profile is materially weaker for AU residents. The November 2023 USD 4.3 billion US Department of Justice settlement and former CEO guilty plea are recent regulatory history. For pure custody safety on majors, both work; for regulatory backstop, Independent Reserve is the right default.
Yes, this is the standard pattern among serious Australian crypto users with diversified strategies. Use Independent Reserve for SMSF holdings, large single-ticket trades through the OTC desk (above AUD 50,000), core BTC and ETH custody where institutional posture is worth the premium, and multi-currency base accounts (NZD, USD, SGD). Use Binance for derivatives access (futures, options, margin), active spot trading at BNB-discount rates, and long-tail altcoin exposure not listed at IR. Move stablecoins (USDT or USDC) from IR or another AU exchange to Binance to fund the global account, since direct AUD funding to Binance is more expensive. The two platforms genuinely complement rather than substitute.
About this analysis
