The number of platforms for digital trading assets has exceeded 20,000 in the world. Still, not many of them provide acceptable conditions for traders, and some of them should be avoided at all because they can turn out to be fraudulent schemes.
Cryptocurrency exchanges influence the entire digital economy. While stock market trading is still accessible to a very narrow circle, all cryptocurrency trading has moved entirely to the world wide web. Anyone can trade cryptocurrencies. This article is for you if you are wondering how to choose a cryptocurrency exchange in New Zealand in 2021.
Our blockchain and cryptocurrency guru Alex has ranked only the most reliable and safe crypto exchanges in New Zealand that offer their clients good trading conditions. Let’s take a look at our top 10 best cryptocurrency exchanges in New Zealand in 2021.
- Top New Zealand Cryptocurrency Exchanges
- Best Cryptocurrency Exchanges in New Zealand: Reviews 2021
- 1. Independent Reserve Exchange
- 2. eToro Exchange
- 3. Binance Exchange
- 4. Swyftx Exchange
- 5. Bittrex Exchange
- 6. Coinbase Exchange
- 7. Kraken Exchange
- 8. KuCoin Exchange
- 9. CoinMama Exchange
- 10. BitFinex Exchange
- Cryptocurrency and Bitcoin Exchanges – What You Need to Know in 2021
- The Best Bitcoin Exchanges
- Cryptocurrency Exchange With Lowest Fees
- The Best Cryptocurrency Exchange App
- The Largest Cryptocurrency Exchanges
- Cryptocurrency Exchanges That Don’t Require ID
- The Safest Cryptocurrency Exchanges
- The Best Decentralized Cryptocurrency Exchanges
- The Best Cryptocurrency Exchange for Altcoins
- Cryptocurrency Exchanges That Let You Pay With Cash
- Best Cryptocurrency Exchange For Beginners
- What’s next?
Top New Zealand Cryptocurrency Exchanges
Cryptocurrency exchanges in New Zealand differ in the significant number of conditions and indicators provided to clients: some offer low trading fees and provide considerable leverage. Others provide a large number of tradable pairs and payment methods. Choose a site based on your preferences and meaningful selection criteria. Please pay attention to whether the technical support is responsive, how well it solves problems, a mobile application, what user reviews, etc.
If you’re still not sure which New Zealand cryptocurrency exchange is the best fit for you, check out the details of those exchanges we’ve included in our rankings so you can make a more informed decision.
Best Cryptocurrency Exchanges in New Zealand: Reviews 2021
1. Independent Reserve Exchange
Independent Reserve is one of the first cryptocurrency exchanges in Australia, is a centralized cryptocurrency exchange. They are presented on the market since 2012. It has a robust security system.
The number of currencies available for trading at the beginning of 2021 is 26, the number of trading pairs is 72. The trade volume for the last 24 hours amounted to $14,440,263 (U.S. dollars), which is 0.01% of the total turnover of the cryptocurrency exchanges, and Independent Reserve takes 162nd place by this indicator.
Independent Reserve’s trading commissions are equal: for a taker from 0.2%, for a maker from 0.1%. Deals with derivatives on Independent Reserve are not possible. Margin trading (trading with leverage) is not provided. The crypto-exchange offers the ability to deposit/withdraw fiat currencies AUD. Available payment systems Wire Transfer.
2. eToro Exchange
One of the best trading platforms, beloved by many investors. eToro was founded in 2007 in Tel Aviv, Israel. On eToro, you can trade not only bitcoin and ether but also stocks and commodities. Over the last year, trading volumes on the site have tripled.
eToro offers more than 1,000 different investment options, of which cryptocurrencies are only a small part. eToro has a good reputation and a wide variety of cryptocurrencies to choose from. However, eToro has relatively high trading fees, which are 0.75% -5%, and not the best customer service.
3. Binance Exchange
Binance has been around since 2017 and has managed to take a leadership position in such a short period. Binance was one of the first platforms to launch its cryptocurrency, Binance Coin, which is now one of the top ten digital coins by capitalization.
The crypto exchange combines a nice looking and simple design, low commissions, and many trading pairs with BTC, ETH, BNB, Stablecoins, and fiat currencies. The exchange recently added payment gateways that allow you to buy and sell crypto assets in more than 15 currencies.
Additional features include stacking, banding, support for hard forces, trading via APIs, promotions, and contests for traders. The interface is divided into two modes: basic and advanced. The first mode simplifies beginners’ functionality, and the developed method provides a wide range of tools for trading. One of the safest exchanges on the market. Binance has low trading fees.
4. Swyftx Exchange
Swyftx is an Australian exchange that was founded in 2019. It is popular among New Zealand users because it provides better functionality, zero inflation, real spreads, and simple low commissions. It provides access to 220 cryptocurrencies, among which there are relatively rare ones.
The unambiguous pluses of the exchange include an excellent support service, good liquidity, and rapid development. However, like any other exchange, Swyftx has its disadvantages: trading is done without leverage and limited education for beginners.
5. Bittrex Exchange
Bittrex was founded in 2014 and is known for having some of the industry’s best security measures. It is regulated by U.S. law. The exchange platform is also very secure as it uses cold storage and has high liquidity. Bittrex has a long-standing reputation, access to 250+ markets, and offers a decent fixed commission of 0.2%, which can be reduced as turnover increases.
Trading is done via API, and the exchange itself is famous for instant order execution and fast deposit and withdrawal of funds. Verification on the exchange is mandatory. Some users claim that Bittrex can be difficult for newcomers, and there are some complaints about the quality of the platform’s customer support.
6. Coinbase Exchange
Coinbase is an American company, one of the most solid and reliable cryptocurrency exchanges. It was founded in 2012. Coinbase is currently only available to users in the U.S. and Europe. The number of users worldwide is 30 million. The exchange allows users to buy cryptocurrencies with fiat currencies and is relatively easy to use and suitable for novice investors.
Coinbase is not available in all countries. It also has some of the highest fees of any cryptocurrency exchange platform in existence. Finally, the platform is very strict about its legality and will share your data with tax authorities. Fees range from $0.99 to $3.00 depending on the dollar value of the purchase.
7. Kraken Exchange
The exchange was founded in 2011 and is headquartered in California. The site is ranked 6th in terms of liquidity. Kraken cooperates with the first crypto-bank globally, and the fees of the site can be reduced up to 0%, supporting staking and automation of trading through API.
The U.S. regulates the exchange, so it is reliable and secure. Provides spot, futures, and margin trading, as well as a range of over-the-counter services. Operates virtually worldwide, excluding a few Asian countries.
Supports the largest and most popular cryptocurrencies, there is a large selection of cryptocurrencies, supports more than 140 cryptocurrency pairs. The site has an insurance reserve in case of theft of user crypto-assets. Kraken is considered one of the safest platforms in the world. It has a simple terminal interface and quality 24/7 support.
8. KuCoin Exchange
KuCoin is a relatively young crypto exchange with big ambitions. The platform started operating only in 2017. At the moment, every fourth cryptocurrency holder is already registered on KuCoin, so the platform can be called a leader in terms of development pace.
For newcomers, the platform offers the opportunity to open a demo account to learn how to trade. KuCoin offers traders several types of trading – spot, margin, instant exchange, futures. You can get income on the exchange by lending your cryptocurrency at interest, investing in liquidity pools, or using staking, but you need identity verification to unlock many features.
More than 300 trading pairs are supported. Commissions are individual: from -0.005% to 0.1% and depend on monthly trading volume. The interface is available in 13 languages, has a mobile app and 24/7 user support.
9. CoinMama Exchange
Cryptocurrency exchange Coinmama was founded in 2013 in Slovakia. It offers its users a profitable purchase of the most popular digital coins, fast transactions, convenience, and increased site security. Initially, only two tokens were traded here, but now their number has grown to 10.
Customers praise the comfort of the functionality, fast transactions, and the presence of an exchange license. The issue of security is of paramount importance; a cold method of storing cryptocurrencies is used.
Focusing on newcomers and the high quality of technical support for users can be attributed to the pluses. However, as noted by users, high commissions and a small number of supported coins hurt the exchange’s popularity.
10. BitFinex Exchange
The exchange was founded in 2012. The main directions of the project: exchange and margin trading, margin financing. Bitfinex is a centralized crypto exchange. To get access to all the site’s functionality, including fiat deposits, user verification is required.
The exchange allows the purchase of assets from bank cards. At the time of writing, Bitfinex has 299 trading pairs, of which the most popular is BTC/USD. Fees for the work depending on the trading volumes. The more the user trades, the lower his commission. The maximum rate for order execution is 0.200% of the transaction amount. If the trading volume exceeds $30,000,000,000.00, the system waives the commissions.
The platform does not charge for depositing in cryptocurrencies or stable coins, but you will have to pay for a bank transfer. The standard functionality of Bitfinex is designed for amateurs. Advanced users and institutional investors have access to additional services. Bitfinex has been repeatedly subjected to DDoS attacks.
Clients of Bitfinex crypto exchange note slow support service, not the most reliable security system, and periodic problems with funds withdrawal. On the plus side, there is convenient functionality for professional trading.
Cryptocurrency and Bitcoin Exchanges – What You Need to Know in 2021
Today cryptocurrency is surely conquering the electronic world. That’s why many people, who were able to appreciate its benefits, gave up their primary job and devoted themselves to trading. When trading on exchanges was available only to a narrow circle of people, to brokers, who were buried in piles of papers, monitoring price movements of various assets, became history long ago.
The whole process, connected with this activity, was almost entirely transferred to the World Wide Web. Moreover, it has become accessible for the majority of network users. Nowadays, everyone can become a cryptocurrency trader, regardless of his knowledge level and initial capital amount.
The Best Bitcoin Exchanges
Online cryptocurrency exchanges open weekly. At the moment, there are more than 1,000 exchanges in operation. Unfortunately, not all exchanges after opening can boast of fast promotion and a large number of participants. Some of them even closed, appropriating the money of users.
What should you look for when choosing the best cryptocurrency exchange for bitcoin in New Zealand? Reputation, liquidity, traffic, availability of verification, types of trading, commissions, deposit/withdrawal methods, a region of service provision, availability of localized website translation into other languages, etc. Do not be guided by the trading volume because exchanges easily inflate this indicator.
The best bitcoin cryptocurrency exchanges in New Zealand include:
A reliable cryptocurrency exchange is, first and foremost, a regulated cryptocurrency exchange. Therefore, it is worth giving preference to exchanges that have been around for a long time and have survived more than one market turbulence.
Cryptocurrency Exchange With Lowest Fees
It is possible to make a rating of exchanges, which require payment of minimum commissions, based on the assessment of commission payments for withdrawal of funds and the implementation of trading operations.
The commission for trading operations ranges from 0.25 percent to 0.1 percent of a trade executed on the exchange. Such a commission fee can be as high as 1 percent of the transaction amount in some cases.
The lowest trading fee is demonstrated by the Binance exchange, especially with BNB, at which the commission amount is no more than 0.1 percent.
The smallest withdrawal fee is displayed by Cex.io, which charges 1.20 percent of the withdrawal amount.
The Best Cryptocurrency Exchange App
When there is no time to sit near the computer, mobile applications for cryptocurrency trading greatly help. Coinbase refers to the American resource, which appeared in 2012, the audience of which exceeds 10 million people.
The exchange is widespread worldwide and differs from the others in that it accepts credit cards for payment. Newcomers value the service for its simple interface.
The exchange has its application for iOS and Android, built around the regular bitcoin wallet. Digital coins can be safely stored in the account, withdrawn quickly and with minimal fees, and buy or sell. It is possible to work with fiat money. The application is free.
The Largest Cryptocurrency Exchanges
The various ratings of exchanges for buying and selling cryptocurrencies are compiled based on trading level indicators, additional requirements for players (in the form of mandatory verification of identity), the number of commissions for trading and withdrawal of funds received, and on other parameters.
The first parameter for determining the rating is the level of financial turnover of the exchange. Suppose the exchange positions itself as being at the top by the level of economic turnover. In that case, it means a large volume of active clients, making large exchange operations with different cryptocurrencies in the daily mode.
Simultaneously, transactions both with long-known types of these currencies and with new ones, which have just been created and are gaining popularity, are taken into account. All ratings of cryptocurrency exchanges as the best trading platforms are based on indicators of daily trading turnover. At the beginning of 2021, the ranking is as follows:
- First place goes to Binance exchange with a daily turnover of 569, 153 units (measured on the basis of the liquidity ratio).
- In second place is Huobi Global, whose daily turnover is 174,202 units.
- OKEx: this exchange is in third place with 153,319 units.
- The next top exchange is Bitfinex with 26,264.88 units of daily turnover.
- In fifth place is Bitforex exchange with indicators of 17,006.85 units, demonstrating the daily turnover of cryptocurrency.
- The next positions are occupied by exchanges: KuCoin with 15,599.90 units of daily turnover, Bittrex (8,486.80), Bithumb Global (2,846.66), EXMO (1,660.02), CEX.IO (586.55 units of daily turnover).
Cryptocurrency Exchanges That Don’t Require ID
Cryptocurrency exchanges are becoming more and more popular today, and exchange players are often interested in whether it is possible to withdraw funds without additional confirmation of their identity, without going through the verification procedure. This question is particularly relevant after January 10, 2020, when the EU Anti-Money Laundering Directive (AMLD5) came into force.
The verification procedure is quite lengthy and involves three or four steps, from verification of identity-based passport data to confirmation of address and proof of the plastic card data specified in the profile. Today, the best exchangers’ rating, which does not require verification, includes a little more than twenty positions. The first five are as follows:
- The first place is the exchange Binance, which allows withdrawing no more than two bitcoins in one hour without verification. If the size of the withdrawal increases, then verification will be required on a mandatory basis.
- Payeer. This exchange allows you to withdraw no more than two thousand dollars per day without going through the identity verification procedure.
- The following line is the Crex exchanger; it does not require verification under any circumstances.
- Next comes the stock exchange Bybit, which also does not require verification procedures.
- At the end of the five stock exchanges is Bitforex, which, like the previous two, does not require personal verification procedures, regardless of the transactions’ size.
The Safest Cryptocurrency Exchanges
When assessing the safety of a cryptocurrency exchange and risks, factors such as technical security, the reliability of the underlying storage, passwords, and customers’ data are taken into account. Some cryptocurrency exchanges, like International Digital Currency Markets (IDCM), use new technologies. They even include artificial intelligence (AI), which also has a positive effect on security.
In almost all ratings on the exchange’s reliability, the first place is given to the Binance cryptocurrency exchange. Well, for New Zealand, Binance can also be considered as one of the safest cryptocurrency exchanges of all. This is a global resource, the leader in terms of the trading volume.
Verification for users is not required, but with a limit of 2 BTC per day. Binance support service works around the clock and stably quickly responds to customer questions. The crypto exchange has a high level of reliability and security, a good reputation, and comprehensive functionality for experienced traders.
It should be noted that crypto exchange security is becoming increasingly important due to the growing interest in the cryptosphere by institutional investors. According to the resource, over the past eight years, hackers hacked 31 crypto-exchanges and stole a total of $1.3 billion.
The Best Decentralized Cryptocurrency Exchanges
Cryptocurrencies are inherently decentralized. However, most players prefer centralized exchanges, even though they can lose all their assets at a moment’s notice, including the exchange administration’s evil work.
Therefore, those who want to keep their funds in assets and multiply them without becoming a victim of hacker attack should pay attention to the decentralized exchanges, which rating is as follows:
- Binance DEX. This exchange is a decentralized trading platform that was launched as a derivative of the Binance exchange.
- OpenLedger DEX. This exchange is the most convenient for those who just came to the cryptocurrency market and are new to the process of trading and exchange. It is based on the Bitshare exchange.
- Kyber Network. One of the largest exchanges by trading volume operating in the cryptocurrency market today. It can be compared to the exchange Binance DEX.
- AtomicDEX. An exchange based on the Komodo blockchain. Focuses primarily on those who have just entered the cryptocurrency market.
- LocalCoinSwap. A decentralized exchange where you can trade more than twenty cryptocurrencies.
The Best Cryptocurrency Exchange for Altcoins
The popularity of cryptocurrencies is primarily associated with bitcoins, but once you dive into the mining world, you start to learn about the existence of many alternatives – altcoins. The term comes from the abbreviation of the two words “bitcoins” and “alternative”.
Each released modification of the cryptocurrency is trying to replace the forward. At least to provide users with a more convenient digital currency, but with a lower cost of the coin. According to some online resources, the total number of altcoins reaches 500 varieties.
Many cryptocurrency exchanges offer a service for altcoins, but for New Zealand, the best cryptocurrency exchange would be Huobi. It is a Chinese crypto exchange that has existed since 2013 and has gained worldwide popularity. Its total assets exceed $10 billion as of February 2021, with many of its clients being Europeans. The system is dynamic:
- It is continually developing.
- New virtual tokens are being introduced.
- The technological capabilities of the resource are expanding.
Cryptocurrency Exchanges That Let You Pay With Cash
The whole world and the world of cryptocurrencies do not stand still and actively develop; there are more and more requests, including how to buy cryptocurrency, if you only have cash in hand. There are several ways to buy a cryptocurrency for money in New Zealand:
- Use a debit or credit card. Cryptocurrency exchanges Coinbase, CEX.io, LocalBitcoins, Paxful, and Binance are suitable for this. Binance, a leader in cryptocurrency trading today, is also a leader in cash deposit options for asset deposits in trading transactions. Deposits can be made from Visa and MasterCard debit cards. But it is worth remembering that there may also be commissions for such operations, for example, 3.99% for Coinbase.
- Use the Bitcoin ATM.
- Meet in person with the seller. However, this method is considered the least safe, and Artex Global does not recommend it.
Best Cryptocurrency Exchange For Beginners
For beginners, crypto exchanges with a simple interface, not too harsh trading conditions, and minimal functionality are suitable – first, you need to understand the cryptocurrency market from the inside.
Such exchanges include KuCoin. KuCoin is a Hong Kong full-featured resource designed to work with various digital tokens. Attractive for the newcomer will be a special reward, a daily issuance of KCS coins, which is a kind of cashback.
Registration on the site is straightforward and fast; verification is not required to withdraw up to 2 BTS per day. Management of the site is intuitive and straightforward, which for new users is a plus. In case of problems, you can always contact technical support.
KuCoin exchange has a minimal commission, especially if the account has KCS and fast withdrawal of funds (users say that the money comes to the store in 10 minutes).
We looked at some of the most advanced sites at the beginning of 2021. You can see that the list has changed significantly compared to previous years: unknown, more energetic players have entered the market. It should be noted right away that there is no one universal marketplace.
Each cryptocurrency exchange has certain advantages and disadvantages. For example, regulated exchanges are more reliable, but their asset selection is limited, and fees are higher in the market. Suppose you are interested in other crypto exchange markets as well. In that case, we recommend reading our other detailed guides: the best cryptocurrency exchanges in the UK, the best Canada cryptocurrency exchanges, the best cryptocurrency exchanges in the US, and the best Australia cryptocurrency exchanges.
I have been studying cryptocurrency for over 5 years. I have accounts in every exchange and I test everything on myself.
I want this market to be more understandable for everyone.