AUS
NZ
UK
CA
USA
FRA
GER
ESP
ITA
NLD
PRT
SWE
GRC
IND
POL
BRA
ZAF
RUS
CHN
UAE
Highlights
- New Zealand offers some of the best platforms to trade in cryptocurrencies.
- Numerous crypto exchanges like Binance, Coinbase, Swyftx, etc., are offering services to Kiwi crypto users.
- NZ crypto investors can benefit from advanced features and tools provided by these exchanges.
As the global pandemic has spooked the entire world and crashed financial markets across the world, cryptocurrencies are increasingly becoming a highly sought-after alternative investment route for tech-savvy investors.
New Zealand is no different to it and investors are thrilled about investing in these new-age digital currencies. For tax purposes, the Inland Revenue Department of New Zealand considers these cryptocurrencies not as a legal tender but as a property.
NZ crypto investors can easily invest in the cryptocurrency market, which has been made simple and hassle free by numerous crypto exchanges operating in the Kiwiland.
With this backdrop, let us look at the cryptocurrency exchanges offering their services in the country.
Source: Copyright © 2021 Kalkine Media
Swyftx
Established in 2018, Swyftx is one of the leading cryptocurrency exchanges operating in New Zealand and Australia. Boasting a beginner-friendly and feature-rich platform, Swyftx offers New Zealanders to trade in more than 280 digital currencies.
It is noted that with a user base of more than 350,000, this crypto exchange has had zero security breaches since its establishment.
Moreover, with reduced fees, easy withdrawal, trading processes, and live chat and phone support for crypto traders, this exchange is hugely popular among crypto users across New Zealand.
Binance
Another popular crypto exchange is Binance, which enables NZ crypto users to do invest and trade in digital currencies using the NZD.
Founded in 2017, Binance is one of the cheapest exchanges to trade in cryptocurrencies, with very less fees in the range of 0% to 0.1% as compared to other crypto exchanges.
The exchange supports various payment options like credit and debit cards as well as bank deposits.
It is pointed out that it processes more than 1,400,000 transactions a second and has 24/7 customer support.
Interesting Read: Best 20 cryptocurrency wallets worldwide
Moreover, it also provides a secure Binance wallet to its users to store digital assets.
Related Read: Look at the top 8 cryptocurrency exchanges operating in New Zealand
Coinbase
Founded in 2012, Coinbase is one of the most sought-after crypto exchanges across the world. It is operative in New Zealand as well. It boasts of being a beginner-friendly exchange, which also features advanced trading tools and indicators.
Further, it offers a Coinbase wallet for the storage of digital currencies.
Related Read: Five biggest global cryptocurrency heists
It is pointed out that the exchange levies a 2.0% fee on all crypto transactions and takes pride in being one of the safest crypto exchanges with no reported hacks or compromises.
Must Read: Is Coinbase available in New Zealand? Is Coinbase safe?
BitPrime
NZ-owned and managed crypto exchange, BitPrime, offers a safe crypto trading platform and is trusted by over 31,000 Kiwi crypto users, for it is registered under local regulations.
It supports both, small as well as large orders and offers payment options like internet banking and POLI payments too.
The exchange provides education and wallet support to beginners to get started with crypto trading and boasts an all-inclusive trading fee.
Gemini
Gemini, yet another famous crypto exchange, is available in New Zealand and accepts the NZD. It provides an advanced trading platform with numerous features.
Moreover, the exchange provides insurance coverage and ensures utmost safety as it is subject to cybersecurity audits by NY’s Department of Financial Services.
Related Read: Are these the 10 cheapest and best cryptocurrencies to be explored in 2021?
Bottom Line
With a well-established network of numerous crypto exchanges functioning across the country, New Zealanders can easily satiate their thirst for investing in crypto markets and reap benefits from these digital currencies.
