Page Summary
In this guide, we share our insights about the best crypto exchanges in New Zealand. We have verified and analyzed 133 crypto exchanges in 8 distinct categories. We reviewed different aspects of their offering, including trading costs, platforms, mobile apps, deposits & withdrawals, portfolios, safety protocols, customer service, and liquidity.
Popular trading platforms that reached the best scoring are below:
Top 5 Crypto Exchanges In New Zealand
- KuCoin – is the best crypto exchange in New Zealand. Intuitive trading platforms, straightforward services.
- Binance – finished up second as the best crypto trading platform. Well-established cryptocurrency trading platform with large trading volumes and liquidity.
- Crypto.com – is the best crypto exchange for multiple assets. Competitive tools, safe mobile trading app.
- Cash App – comes up in the fourth spot. Best toolset for beginners. Easy to use Bitcoin trading platform.
- Kraken – is in fifth place. Sophisticated trading tools for experienced investors.
Best Crypto Exchanges New Zealand – List
| Exchange | Overall Score | General info | Fees (Maker/Taker) | Spot Volume (BTC) | |
| #1 | KuCoin | 4 | Best overall crypto exchange | 1%/1% | $2,739,612 |
| #2 | Binance | 4.3 | Best crypto trading platform | 1.99%/1.99% | $451,706,550 |
| #3 | Crypto.com | 4.3 | Best For Asset Diversity | 1.8%/2.75% | $68,571 |
| #4 | Cash App | 4.7 | Best Toolset For Beginners | 0.1% /0.1% | $806,899,070 |
| #5 | Kraken | 4.5 | Best Sophisticated Trading Tools | 0.16%/0.26% | $53,964,331 |
This section below breaks down the best crypto trading platforms in New Zealand, beginning with the best-rated – KuCoin.
1. Kucoin – Best Platform For Cryptocurrencies
KuCoin is a centralized cryptocurrency exchange that operates in over 200 countries worldwide, except for the USA. It offers access to a wide range of different coins, futures, staking, and margin trading. KuCoin fees are competitive. New users get free USDT coins on the first deposit of over $500. Deposits are free.
Although KuCoin is considered safe, it has no operating license in the US. It does not allow deposits in USD and has bad reviews when you search it on Google.
Pros
- Great offer of different trading instruments
- Very competitive trading fees
- Easy sign-up process
- Very good trading platform
- Very good educational resources
- Very good choice of deposit and withdrawal methods
- Very good trading volumes
- Great mobile trading platform
- Never being hacked
Cons
- Limited choice of deposit and withdrawal methods
- Suffered a major hacking incident in 2020
- Not regulated
Key features
- Spot and margin crypto trading
- P2P (Peer-to-peer) crypto trading available
- Trading platform integrated with tradingview; automated trading available
- Beginner zone – Educational resources for trading beginners
- Staking, loans, Crypto earn, cloud mining
2. Binance – Best Platform to Buy Cryptocurrency in New Zealand
Binance takes the second spot, as the best platform to buy cryptocurrency in New Zealand. High-volume crypto traders will appreciate the high spot trading volumes, a wide range of available coins, low fee structure, and advanced trading tools and order types.
Binance has premium account features, including staking rewards and OTC trading. Traders earn from 1-10% for holding different assets over time. We recommend this crypto exchange for advanced crypto traders who want to trade with lower trading fees and invest in less popular altcoins. We do not recommend Binance for beginner traders.
Pros
- The best daily trading volume for both spot Crypto trading and for Crypto derivatives
- The best choice of different assets to trade
- Great choice of saving and stalking options
- Very competitive trading fees
- Very good trading platform with lots of advanced features
- Easy sign-up process
- Very good choice for mobile trading
- Great deposit and withdrawal options
Cons
- Exchange has been hacked in the past
- Considerable withdrawal fees
- Customer support is sometimes hard to
Key features
- Spot and derivative crypto trading
- P2P (Peer-to-peer) crypto trading available
- Trading platform integrated with tradingview; automated trading available
- Savings, staking, crypto loans, Binance smart pool
- Binance liquid swap
- Binance Visa Card
3. Crypto.com – Best Crypto Exchange For Multiple Assets
Crypto.com is a modern and fast-adopting crypto exchange offering access to NFTs, e-wallets, own credit card, staking, investing, and crypto trading. Their trading app is intuitive, easy to use, and available on iOS and Android. Trading fees are competitive across all accounts. With the extra bonuses for holding specific coins, they can compete with the fee structure of industry-leading exchanges. Crypto.com offers access to 250 different crypto coins.
Pros
- Highest security standards
- Great offer of crypto trading instruments
- Very good trading platform
- Very good research and educational tools
- Very good mobile trading application
- Very good wallet
Cons
- Slow customer service
- Very complex fee schedule (if you do not hold Cronos tokens fees are high)
- Difficult to navigate
Key features
- Spot and margin crypto trading
- Crypto payments
- Crypto.com Visa Credit Card
- Staking, crypto loans
- Proprietary Cronos tokens
4. Cash App – Best Crypto Trading App
Cash App is a great pick for New Zealand’s crypto enthusiasts who want to buy Bitcoin on an easy-to-use crypto platform. Cash App is a peer-to-peer money transfer system offering a flexible solution to withdraw funds to leading crypto wallets and buy and sell cryptocurrency simultaneously.
Cash App offers access to the most traded cryptocurrency assets, including Bitcoin, Ethereum, Ripple NFTs, Shiba Inu, and most Altcoins. Their crypto trading app is interactive, easy to use, and beginner-friendly. Trading costs are average, and you can expect additional fees. Advanced trading features like different order types, limit orders, standing orders, crypto staking, margin trading, and storage options are missing.
Cash App lets users directly deposit money into their bank account and use tax filling tools.
Pros
- Easy to use, beginner freindly
- High security standards
- Simple sign-up process
- Instant payments
Cons
- Bitcoin is only crypto available
- Bitcoin trading fees are above industry average
- Not suitable for advanced Crypto traders
- This cannot be considered as an crypto exchange rather than application to buy bitcoin
Key features
- This is not an classical Crypto exchange rather an application form making payments and for investing in bitcoin and stocks
- Paying service
- Investing in stocks
- Credit card
5. Kraken – Best Trading Platform for Bitcoin
Kraken is a well-established and the oldest crypto exchange with industry-leading technology. It finished in fifth place as the best trading platform for Bitcoin in New Zealand. It is a great choice for advanced crypto investors looking for margin and futures trading options, sufficient trading volume, and low trading costs.
Kraken’s proprietary trading platform allows users to buy and sell digital currencies with the lowest fees in the industry, multiple order types, valuable educational resources, and quick buy features. The mobile version is available on iOS and Android apps and has all the trading tools from the web version.
High-net-worth clients are the only ones allowed to use the exchange’s consultation and management services.
Pros
- Great offer of different crypto trading instruments
- Very competitive trading fees
- Very good trading platform
- Highest security standards
- Very good trading volumes
- Very good mobile trading application
- Wide range of educational materials
Cons
- Not beginner friendly
- Slow customer support
Key features
- Spot and margin crypto trading
- Crypto earn, staking, crypto bank
- Kraken account management
- Serve corporations, wealth managers, investment funds
How To Pick a Crypto Exchange?
When choosing a crypto exchange, the key points to consider are costs, platforms, trading apps, deposits & withdrawals, customer service, portfolios, liquidity, and safety measures.
Fees: Avoid exchanges that don’t have a transparent fee structure and charge high fees on trades and overnight costs.
Trading platforms: Identify and choose intuitive, simple-to-use, and fast-executing trading platforms.
Mobile Trading: Mobile trading apps need to offer the same tools and charts as their other versions.
Deposit & Withdrawal: Select an exchange that has access to your preferred deposit and withdrawal funding option with low or no fees.
Assets: It is best to consider an exchange with competitive portfolios and asset class coverage.
Customer support: Traders at all levels and beginners should choose a platform with responsive and industry-leading customer support available in their language.
Liquidity: High liquidity and trading volumes ensure that you will be able to sell your crypto assets.
Security: You should focus on regulated exchanges offering proof of funds and penetration tests. Always verify security and safety protocol with the crypto exchange security rating agency (CER.live)
*Safety Risks For New Zealanders
A trustworthy cryptocurrency exchange for New Zealanders is government-regulated and has a trading license. Larger exchanges have a banking history.
Regulation Of Cryptocurrency Exchanges in New Zealand
The Financial Markets Authority of New Zealand (FMA) is the leading financial regulatory body in New Zealand. It oversees cryptocurrency exchange activities in the country. FMA is the body responsible for the securities markets in New Zealand. Digital exchanges have to comply with the FMA standards and need to obtain authorization. Official approval has exchanges follow strict Know Your Customer (KYC) rules.
Is Cryptocurrency trading legal in New Zealand?
Trading cryptocurrency in New Zealand is legal. Cryptocurrency coins are regulated by the Anti-Money Laundering Law and the FMC Act of 2013. New Zealand does not see cryptocurrencies are legal tender and will not view those coins as financial products. Cryptocurrencies are seen as property in New Zealand, with gains and losses taxable as income.
How to Start Trading With – KuCoin
KuCoin is a popular centralized exchange with secure services and platforms. It offers an intuitive app, many order types, and rewards for KuCoin account holders. Here are the steps to follow to start trading with KuCoin.
STEP 1: Open up the KuCoin official website
Find the link to the KuCoin website under this link here: https://www.kucoin.com/.
STEP 2: Click on the “Sign Up” button
Click on the “Sign Up” button and submit the requested information. Set up a password and finish creating your KuCoin account.
STEP 3: Verify your trading account
To buy cryptocurrency using KuCoin, you need to open a trading account, verify your account and make a deposit. This will let you buy, hold and sell crypto assets using KuCoin.
STEP 4: Buy cryptos with KuCoin
You can buy, hold and sell fractions of each crypto asset. To own a crypto coin, you don’t need to buy the whole coin.
Conclusion
We recommend Kucoin as the best crypto exchange platform for New Zealand crypto enthusiasts. They offer a user-friendly platform and access to many tradable coins. Binance comes in second based on its overall features, customer support, and assets.
FAQ
What Is A Centralized Cryptocurrency Exchange?
A centralized cryptocurrency exchange is a private company offering access to crypto trading platforms. These exchanges comply with strict rules and request identification, known as the Know Your Customer rule. Popular centralized exchanges are Kraken, Binance, and Coinbase.
What Is A Decentralized Cryptocurrency Exchange?
A decentralized exchange does not have a central point of control. It resembles a server, but it has each computer within the network located in different countries. If one computer stops working, it doesn’t interfere with the activity within the network. The downside of decentralized exchanges is that they don’t follow the rules of any regulatory body. If you opt for this type of exchange, you should consider the risks.
Is Crypto Taxable In New Zealand?
Yes, if you accept crypto coins as a type of payment for services and goods, you will need to pay a tax on them.
Can You Trade Crypto In New Zealand?
If you want to buy crypto in New Zealand, you will need a digital wallet to hold your coins. Most exchanges allow New Zealand customers to transfer fiat currency, such as the New Zealand Dollars, to buy digital assets like Ethereum and Bitcoin.
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Disclaimer
eToro is a multi-asset platform which offers both investing in stocks and cryptoassets, as well as trading CFDs.
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Past performance is not an indication of future results. Trading history presented is less than 5 complete years and may not suffice as basis for investment decision.
Copy trading is a portfolio management service, provided by eToro (Europe) Ltd., which is authorised and regulated by the Cyprus Securities and Exchange Commission.
Cryptoasset investing is unregulated in some EU countries and the UK. No consumer protection. Your capital is at risk.
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