Look at the top 8 cryptocurrency exchanges operating in New Zealand

July 09, 2021 01:26 PM AEST | By Jasmine Anand
 Look at the top 8 cryptocurrency exchanges operating in New Zealand
Image source: Jo Panuwat D, Shutterstock.com

Summary

  • Just like stock exchanges, which offer trading in shares, cryptocurrency exchanges offer trading in digital assets.
  • These exchanges help customers trade in a wide range of crypto assets.
  • Apart from ensuring safety and security of digital currencies, many exchanges offer personalised services to suit the needs of crypto enthusiasts.

New Zealand investors are thrilled about the new age digital currencies. As more and more investors get hooked on trading in these digital assets, many platforms appear in the country which offers trading in crypto assets.

Must Read: A look at top 5 cryptocurrencies in New Zealand

Here, in this article, we would cast a glance at some of the top cryptocurrency exchanges operating in Kiwiland.

Source: Copyright © 2021 Kalkine Media

Binance

The largest cryptocurrency trading platform across the globe, Binance was established in 2017. This crypto exchange witnesses more than 1,400,000 transactions per second with an average daily trading volume of 2 billion. Here, one can trade in more than 150 crypto assets. Some of the top crypto assets being bought and sold in Binance include Bitcoin, Ethereum, Chiliz, Filecoin, Cardano.

Interesting Read: Which are the best crypto wallets in New Zealand?

One of the main reasons for its popularity among NZ customers is its lower fees between 0% to 0.1%, along with discounts in contrast to other exchanges. It offers a Binance wallet to store one’s digital assets safely and securely and supports multiple payment options.

Also Read: What are technically advanced cryptocurrencies? Which is the most prominent digital currency?

Apart from spot exchange trading, other services offered by Binance include margin trading, vanilla and binary options, peer-to-peer listing to buy or sell crypto assets, etc.

Interesting Read: How does one buy cryptocurrency in New Zealand? Is investing in cryptocurrency legal?

Coinbase

Another popular exchange among NZ traders is Coinbase. With more than 8,000 institutions and used by more than 56 million users worldwide, Coinbase boasts a quarterly trading volume of $335 billion.

It was established in 2012 and offers an easy-to-use trading platform to its customers.

It provides multiple investment options for both individuals and institutional clients. Other options include Coinbase Prime for institutions and high-net worth clients and Coinbase Pro for advanced elements.

Interesting Read: Which are the best crypto wallets in New Zealand?

With no reported hacks or frauds of the security system, Coinbase is regarded as one of the safest cryptocurrency exchanges across Aotearoa. Moreover, it is a beginner-friendly exchange, which allows NZD deposits as well as offers a secure wallet to store one’s digital assets.

Gemini

Next on the list is Gemini, which is popular among NZ traders. Founded by Cameron and Tyler Winklevoss in 2015, this privately owned crypto exchange allows trading of about 40 cryptocurrencies.

Voted as the ‘Best Cryptocurrency Exchange’ in 2019 by Markets Choice Awards, it has its own currency, the Gemini dollar, which is a stablecoin tied to the US dollar.

Apart from providing a secure platform to trade in digital assets, Gemini also offers its customers an opportunity to earn interest.

With its competitive fees, Gemini crypto exchange provides an easy sign-up, thus making trading simple and easy to go.

Do Read: Seven unbelievable facts about cryptocurrencies

ZebPay

Another crypto exchange popular among NZ traders is ZebPay, which offers a quick, simple, and safe way to trade in crypto assets.

Headquartered in Singapore, ZebPay takes pride in its exceptional security protocols, thus attracting both crypto traders as well as crypto-focussed investors across Kiwiland.

With a robust API, this crypto exchange has a low trading fee and boasts a hassle-free, simple desktop and mobile trading app.

BitPrime

Next is BitPrime, which is a NZ-based platform to trade in more than 150 cryptocurrencies. Used by over 31,000 New Zealanders, BitPrime offers a secure platform for easy retail trading. It accepts NZD deposits by supporting two payment options, i.e., regular internet banking as well as POLI payments. 

Being a local cryptocurrency exchange, it offers personalised consultation on trading and, at the same time, caters to suit the pockets of both small as well as big NZ crypto enthusiasts.

Can’t Miss Reading: Is Bitcoin legal in New Zealand?

Independent Reserve

Set up in 2103, Independent Reserve is a well-known crypto exchange across New Zealand and Australia. Trusted by more than 200,000 Kiwi and Aussie users, Independent Reserve aims to become APAC’s most trusted cryptocurrency exchange.

Offering competitive trading fees, this crypto exchange provides buying and selling of some of the most liquid cryptocurrencies around the world using the NZD, AUD, USD, and the SGD.

Moreover, it is the first-ever Australian crypto exchange that offers insurance on crypto assets.

Plus500

Coming up next is Plus500, which is one of the leading platforms to offer Contracts for Difference (CFDs) of the most popular cryptocurrencies like Bitcoin, Ethereum, Ripple, Cardano, and Litecoin, etc.

It is noted that Plus500 does not provide an actual crypto asset; however, NZ traders can contemplate over crypto prices and can earn handsome profits in the NZD.

Plus500 has a simple and user-friendly mobile trading app, and it accepts multiple payment options like PayPal, BPay, credit cards, and bank transfers, etc.

Easy Crypto

Easy Crypto is another common destination for cryptocurrency trading in New Zealand. It is the country’s fastest and safest crypto retailer, which offers buying and selling of more than 100 cryptocurrencies.

Simple to use, Easy Crypto is one of the most user-friendly platforms to trade in digital assets. With no hidden charges, the fees are charged all-inclusive of buying and selling prices, and the payment methods supported by this platform include bank transfers, POLI pay etc.

Safety being its highest priority, Easy Crypto guarantees 100% safety on all orders.


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