Best Crypto Exchanges in New Zealand (Rated & Reviewed)
Although trading Cryptocurrency is not illegal in New Zealand, it is not a legal tender yet. However, anyone residing in New Zealand can conveniently use Cypto exchanges by following government rules and regulations. It involves taking strict precautions and investors’ advice before investing in digital assets.
You get different deposit methods to invest in Crypto coins. These include using a credit card, Paypal, or cash deposit on platforms like Bitcoin. However, you might be wondering what is the easiest way to purchase and sell Cryptocurrencies and Bitcoin in New Zealand.
Here’s a List of 5 Best Crypto Exchanges for New Zealand Residents:
Swyftx
Swyftx provides 320 plus assets and a vast ground to exchange Cryptocurrencies without much trouble.
ByBit
Bybit is an excellent Crypto exchange platform that offers many trading pairs such as Bitcoin to USD, Ethereum to USD, Dogecoin, etc.
Binance
Binance is a trustworthy Crypto Exchange platform with 350+ Cryptocurrencies.
KuCoin
KuCoin covers over 200 countries and is highly versatile. It is one of the best Crypto exchanges in New Zealand.
Crypto.com
Crypto.com is the world’s fastest-growing crypto exchange platform. You can use it as a reliable app to scale your Crypto trading.
Relax as you can safely transfer and receive Cryptocurrency with the help of your digital wallets that are specialized for inter-connected exchanges. This article will discuss which Crypto exchange is best to trade in New Zealand and how to access them.
1. Swyftx
Swyftx allows all Kiwis to buy, sell and trade Cryptocurrencies.
Thomas’ Take
On top of the list comes Swyftx, the best overall Cryptocurrency exchange in New Zealand. With more than 600,000 registered users and 320 plus digital assets, Swyftx is a popular crypto platform in New Zealand. The best thing about this platform is it gives you a $20 referral bonus in the form of Bitcoin as soon as you register yourself on the Swyftx website.
Whether you have to buy Bitcoin, Dogecoin, or any other Crypto coin, Swyftx provides you with a secure and user-friendly interface to simplify your transactions. For depositing and withdrawing, it does not charge any additional fees. Thus, users trust it in buying, selling, and swapping Cryptocurrency in New Zealand.
PROS:
- Compatible with both mobile and web apps
- Has a competitive 0.6% trading fees
- No membership charges are required
CONS
- Not available for other countries (Supports only NZ)
Best For
Reliable and Secure
Price
Free
Ease of use
Easy to use
Crypto tokens available:
320+
Our second option is:
2. ByBit
ByBit allows traders to exchange Cryptocurrencies in numerous trading pairs.
Thomas’ Take
One of the safest, most secure, and trustworthy trade platforms in New Zealand is ByBit. It is a fast-growing Cryptocurrency exchange platform that offers a transparent exchange method to its users. With over 10 million global users, it supports multiple trading pairs, including Bitcoin to USD, Ethereum to USD, Dogecoin, etc. Furthermore, it is safe and secure for both beginners and advanced traders.
Above all, ByBit features 20 plus fiat currencies that do not require any minimum deposit limit. Hence, you can freely sell and trade Crypto coins without the fear of limitations. To further facilitate the users, ByBit does not charge any deposit fee so that you can enjoy the platform easily. Above all, this Crypto exchange platform has reduced the risk of liquidity and price manipulations.
PROS
- Easy to start trading, and no KYC is required
- Provides insurance fund guarantee
- Offers high bonus rewards to users
CONS
- You need to verify your identity if you wish to deposit FIAT Currency
Best For
No KYC Needed
Price
Free
Ease of use
Simple to use
Crypto tokens available:
100+
3. Binance
Crypto exchange platform allowing to trade 350 plus Cryptocurrencies in New Zealand
Thomas’ Take
When we talk about the most regulated Crypto exchange platform in New Zealand and worldwide, it’s none other than Binance. It has the market’s highest (1664) trading pairs, with more than 600 digital assets. At the time of writing, Binance has the highest trading volume and is regarded as a top altcoin platform.
Moreover, it is now licensed in New Zealand and provides multiple payment options, including third-party apps such as Simplex. It ensures that the users can safely store their Crypto assets and earn interest on mining and staking. Hence, you can make your trading process more accessible and earn bonus rewards.
PROS
- Just 0.1% trading fees
- Offers a $50 bonus on signing up
- You can easily keep up with your investments at low fees
CONS
- Limited options for New Zealand users
Best For
Diverse Options for Crypto Exchange
Price
Free
Ease of Use
Easy to use
Crypto tokens available:
300+
.
4. KuCoin
KuCoin is an amazing Crypto exchange platform with versatile applications.
Thomas’ Take
Being operated in more than 200 countries, KuCoin is the leading Cryptocurrency exchange platform in New Zealand. It allows the users to earn high interest by staking the coins and building an extensive portfolio.
In this way, you can exchange over 600 different Cryptocurrencies with the help of KuCoin. Moreover, if you use the KuCoin Token (KCS), you will instantly get a 20% discount on your trading fees.
Not only this, but it also offers low trading fees between 0.0125% and 0.10% per trade. Unlike other popular Crypto exchange platforms, KuCoin comes with basic trading options that are beginner friendly and simple to use.
Therefore, any newbie in the trading market can use this platform and earn interest. For advanced users, it also features trading bots, margin trading, and Crypto lending services.
PROS
- Versatile and easy to use
- Simplify the trading process with low fees
- Supports a vast range of digital assets
CONS
- Relatively new to other trading platforms
- Limited fiat deposit and withdrawal options
Best For
Simple Trading Process
Price
Free
Interface
Medium Easy
Crypto tokens available:
600+
5. Crypto.com
Crypto.com is a mobile-compatible Crypto exchange platform in New Zealand.
Thomas’ Take
If you are looking for a mobile-compatible Crypto exchange platform, then Crypto.com is the best suitable option. It holds the most significant digital assets and comes with minimum trading fees of 0.00 to 4.00%. You can trade more than 275 Cryptocurrencies without transaction or deposit fees.
Thus, all Crypt-to-Crypto pairs can be easily swapped with the help of Crypto.com. Unlike other Crypto trading platforms, Crypto.com features a more extensive investment selection so users can quickly diversify their portfolios.
This Crypto exchange platform’s most attractive feature is that it provides digital assets insurance. It means you can earn rewards of up to 12.5% and more on varying Crypto coins. In terms of storage and security, it is one of the best trading platforms without any risk of fraud and illegal transactions. Thus, you can trust Crypto.com for a safe and smooth trading process.
PROS
- Supports over 275 cryptocurrencies
- Best to use on mobile devices
- Offers a massive selection of digital assets
CONS
- Credit or debit fees are higher.
Best For
Digital Asset Insurance
Price
Depends on Transaction amount
Interface
Super easy
Crypto tokens available:
250+
Final Verdict
Undoubtedly, selling or buying Crypto assets is a defunct and risk-taking job, especially for beginners. However, using the above Crypto trading exchange platforms can minimize the risk factors associated with depositing and purchasing coins. The plus point is you will be in a safe hand to securely store your digital wallet by using these platforms.
