8 Best Cryptocurrency Exchanges In New Zealand (NZ): 2021 Reviews

This article lists the best cryptocurrency exchanges to buy Bitcoin in New Zealand. We have reviewed 60+ crypto exchanges and narrowed it down based on important user factors such as ease of use, deposit methods, trading fees, security and customer support.

our Pick

Best Bitcoin Exchange For

independent reserve

Best Bitcoin Exchange For

binance

Best Bitcoin Exchange For

etoro

Best Exchanges To Buy Crypto & Bitcoin In NZ

Here is our consolidated list of the top exchanges to buy Bitcoin & cryptocurrency in New Zealand:

  1. Binance (worlds largest exchange, NZD deposit via credit card)
  2. Coinbase (high quality, safe and reliable)
  3. eToro (buy Bitcoin with credit card)
  4. Independent Reserve (popular exchange, allows NZD payment) 
  5. Plus500 (leading CFD provider to buy Bitcoin)
  6. Easy Crypto (easy, fast, local company)
  7. BitPrime (deposit NZD using POLI payments)
  8. ZebPay (zero deposit fees to pay with NZD)

Cryptocurrency Exchanges In NZ

This comparison guide provides an overview of the best cryptocurrency exchanges in New Zealand to buy, trade, store and sell Bitcoin and other altcoins. We note that some exchanges require you to own a Bitcoin hardware wallet such as the Ledger Nano X. If you don't have a wallet, read our guide on the best cryptocurrency hardware wallets.

Exchange

Fees

Rating

Our Review

Promotion

Website

binance

Binance

0.1% & 2.5%

4.8 / 5

10% off trading fees

coinbase

Coinbase

0.5% & 4%

4.7 / 5

USD $10 trading bonus

etoro

eToro

Spread only

4.6 / 5

None available at this time

independent reserve

Independent Reserve

0.5%

4.2 / 5

None available at this time

plus500

Plus500

Spread only (CFD)

4.2 / 5

None available at this time

Easy Crypto

Easy Crypto

0.5% - 1.8%

3.9 / 5

None available at this time

zebpay

ZebPay

0.4%

3.8 / 5

None available at this time

bitprime

BitPrime

2% - 2.9% (includes all costs)

3.6 / 5

None available at this time

New Zealand (NZ) Crypto Exchanges: Reviews

Here is our summary of the top Bitcoin & cryptocurrency websites in New Zealand. For an in-depth of each exchange, click on the exchange review links below. 

If you still can't find what you're looking for, there is also the option of using a global fiat-to-crypto service which will commonly accept other deposit methods such as debit or credit card, PayPal and even Amazon Gift cards.

Binance

Binance crypto exchange that offers a place to buy, trade and sell more than 150+ digital assets. The platform has seen a meteoric rise since being founded in 2017 to become one of the most popular crypto trading exchanges in the world. The exchange supports NZ customers to buy, trade and sell cryptocurrencies using New Zealand Dollars.

binance

Features:

  • Leading cryptocurrency exchange in the world
  • Over 150 cryptocurrency assets
  • Multiple trading pairs against fiat, altcoins and stablecoins
  • Competitive trading fees
  • Future, margin and options crypto trading available
  • Earn interest on crypto with a Binance savings account

Ease of use

Reputation

Deposit methods

Fees

Coinbase

Coinbase is the most popular Bitcoin exchange in the world that is available in New Zealand for local residents to buy, trade and sell cryptocurrency using a bank transfer, credit or debit card. Coinbase offers a secure wallet to store your newly purchased cryptocurrencies so you can buy and sell popular digital currencies and keep track of them all in the one place. 

coinbase

Features:

  • Global cryptocurrency exchange that allows NZD deposits
  • Quick and easy to monitor crypto portfolio on website or app
  • Beginner-friendly exchange to buy, trade and sell digital assets
  • Buy crypto with a debit card or bank transfer
  • Coinbase Pro features advanced trading tools and indicators
  • Secure wallet to store Bitcoin and other digital assets

Ease of use

Reputation

Deposit methods

Fees

eToro

eToro is suited for beginners in New Zealand that want to invest in Bitcoin with a credit card or PayPal using a powerful and user-friendly and simple interface. eToro includes real-time crypto market research & news, advanced trading features and risk management tools and a social network feed to copy-trade some the world's most profitable crypto traders. There is even a demo account to practice crypto trading using a virtual portfolio. 

etoro

Features:

  • Regulated provider to buy real crypto assets and CFD's on popular digital currencies and traditional markets
  • Fund account using credit card, bank transfer and PayPal
  • User friendly interface and intuitive mobile trading app
  • Copy-trade profitable crypto traders all around the world
  • Invest in successful cryptocurrency portfolios of top traders

Ease of use

Reputation

Deposit methods

Fees

Independent Reserve

Independent Reserve is a popular exchange among cryptocurrency traders around the world that offers trading competitive fees and support for traditional fiat currencies such as the the New Zealand Dollar (NZD). Residents in New Zealand can buy, trade and sell 24 of the major cryptocurrencies and popular DeFi tokens using SWIFT.

independent reserve

Features:

  • Reputable and trusted cryptocurrency exchange in NZ
  • Tier based fee structure that decreases with volume traded
  • Funds are backed by insurance company
  • Wide range of deposit methods 
  • Automatic recurring purchases to dollar cost average
  • Customer support available 24/7

Ease of use

Reputation

Deposit methods

Fees

Plus500

Plus500 is one of the best CFD providers in Shares, Indices, Forex, ETFs, Options, and Indices. The platform offers the ability to buy CFD's of popular cryptocurrencies such as Bitcoin, Ethereum, Litecoin, Neo, Ripple XRP, EOS, Cardano, Tron and Monero. While Plus500 does not offer the actual crypto asset, traders in New Zealand can speculate on crypto prices and earn potential profits in NZD.

plus500 crypto

Features:

  • Regulated CFD provider in New ZealandBuy CFD's on popular cryptocurrencies and traditional markets
  • Up to 30:1 leverage on cryptocurrency
  • Fund account using credit card, BPAY, bank transfer and PayPal
  • User friendly and intuitive mobile trading app
  • Full demo trading account to learn how to trade cryptocurrency

Ease of use

Reputation

Deposit methods

Fees

Easy Crypto

Easy Crypto is wholly New Zealand owned and operated crypto exchange in New Zealand that provides an online service for Kiwis to buy and sell cryptocurrency. Easy Crypto provides a quick and easy way to convert NZD to Bitcoin using a bank transfer or POLi. Purchased Bitcoins are sent directly to a hardware wallet such a Ledger Nano X. 

easy crypto NZ

Features:

  • Registered cryptocurrency exchange in NZ
  • Offers 40+ cryptocurrencies
  • Purchase Bitcoin directly to a hardware wallet
  • Exchange has never been hacked
  • Simple and easy to use interface
  • Customer support available 24/7

Ease of use

Reputation

Deposit methods

Fees

ZebPay

Zebpay is a well known crypto exchange that provides a means for users to convert fiat currency into cryptocurrency. The exchange supports 163 different countries all across the world including New Zealand through a simple to use desktop and mobile trading app.

Zebpay

Features:

  • Global cryptocurrency exchange available to users in NZ
  • Low trading fees to buy, trade and sell cryptocurrency
  • Web and mobile trading app for Android and iOS devices
  • Rapid sign up and account verification
  • Customer support available 24/7

Ease of use

Reputation

Deposit methods

Fees

BitPrime

BitPrime is a New Zealand based cryptocurrency exchange that is registered and licenced under local regulations. The exchange supports beginners and high-net worth investors with special Over-The-Counter rates for high volumes. The quoted trading fees includes all costs such as bank charges, foreign exchange fees and slippage.

bitprime

Features:

  • Local cryptocurrency exchange that is licenced and regulated
  • Buy, trade and sell over 100 crypto coins
  • Supports online banking and POLi payments to deposit NZD
  • Purchased cryptocurrency is sent directly to a hardware wallet
  • All inclusive trading fees
  • Local and responsive customer support

overall

3.6/5

Ease of use

Reputation

Deposit methods

Fees

How To Spend Bitcoin & Crypto In NZ

Investors that want to spend Bitcoin and cryptocurrency in New Zeanaldn to buy goods, services or even pay a bill can use the following methods:

  • Transfer crypto from an online wallet, mobile phone wallet or hardware wallet to the recipients address
  • Use a cryptocurrency debit card to send cryptocurrency to merchant. Some exchanges offer Bitcoin debit cards that can be used to spend crypto like cash
  • Shop at vendors that support cryptocurrency payments using a Bitcoin point-of-sale terminal 
  • Sell cryptocurrency using an exchange and withdraw funds in AUD to a bank account
  • Use an exchange that allows users to pay bills directly 
  • Withdraw cash from a local Bitcoin ATM in New Zealand

Where To Store Cryptocurrency

Storing cryptocurrency using a New Zealand Bitcoin or cryptocurrency exchange is risky for several reasons. The most obvious vulnerability is the risk associated with online scams and hackers. As the security of the asset is left to the exchange, the investor has no control over the security of their investment.

In our opinion, the best way to store cryptocurrency assets such as Bitcoin, Ethereum and Litecoin is on a reputable cryptocurrency hardware wallet which is kept under the possession of the investor. 

Two of the most popular Bitcoin and cryptocurrency hardware wallets are:

Using a digital hardware wallet provides an airlock between internet-connected devices and the asset. The private keys which give the right to access the cryptocurrency (send, transfer and receive) is kept on the wallet. Even if the hardware wallet is damaged, lost or stolen, the funds can be recovered using several backup options.

For complete peace of mind, buying a Bitcoin hardware wallet is a small price to pay.

Wallet

Dimension

Rating

Price

Website

ledger nano x

72mm x 18.6mm x 11.7mm

5/5

$119 USD

nano s ledger

56.9mm x 17.4mm x 9.1mm

4.5/5

$59 USD

trezor t model

64.0mm x 39.0mm x 10.0 mm

4.3/5

$159 USD

trezor one

60.0mm x

30.0mm x

6mm

4.1/5

$59 USD

keepkey wallet

38 mm x

93.5mm x

12.2 mm

3.6/5

$49 USD

Frequently Asked Questions

What's The Lowest Fee Cryptocurrency Exchange In New Zealand?

The lowest trading fee exchange in New Zealand is Independent Reserve. The exchange uses a multi-tiered fee system that starts at 0.5% and decreases with the amount of volume traded. For high volume and accredited investors, Independent Reserve is the best option. Everyday residents in NZ that are looking to purchase smaller amounts will still benefit from the low trading fees.

The only downside is that user's will need to perform an international bank transfer using SWIFT which can take a few days. 

What Deposit Method Should I Use In NZ?

When selecting a crypto exchange, it is important to ensure the platform supports your preferred deposit method. To convert NZD into BTC, the most common deposit methods are:

  • Credit Card / Debit Card
  • Bank account or bank transfer (EFT)
  • Cash deposit
  • PayPal

Using a credit/debit card to purchase Bitcoin on platforms such as Coinbase and eToro are the fastest ways to own the asset, however incur slightly higher fees. Bank account transfer is a reliable method which can take 1 to 3 days to complete the transaction.

Can You Buy Crypto With A Credit Card In New Zealand?

Credit cards are commonly used to make purchasing online, so it's no surprise that its a popular method to buy crypto. Not all exchanges available in NZ provide this deposit method so residents will need to use a global crypto exchange such as BinanceCoinbaseeToroChangelly and ChangeNOW. The fees are slightly higher than other payment methods. 

Can You Buy Bitcoin In New Zealand With A Bank Transfer?

The best way to buy crypto in New Zealand is using Bank Transfer (EFT). It is the most popular and cost effective method available. Purchasing crypto using a bank transfer generally has the lowest fee's, fast transaction time and has higher daily limits. 

Conclusion

To conclude our article on cryptocurrency exchanges in New Zealand, we believe the above exchanges are the best places to buy Bitcoin in NZ. Our research is based on trustworthiness, safety, trading fees and support NZD or debit/cards. 

It is our own opinion and recommendation to stick with well-established and reputable exchanges when it comes to investing in cryptocurrencies. Our top rated crypto platforms in NZ have demonstrated this and used by millions of customers worldwide.

Now its your turn to comment.

Have you used any of these NZ Bitcoin exchanges?

What was your experience?

Which Bitcoin exchange in New Zealand would you recommend?

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Kevin
Kevin is the founder of hedgewithcrypto and is passionate about blockchain technology. He has been involved with Bitcoin since 2016 after discovering it's potential as an alternative to fiat currency. He is also a trader with over 8 years of experience and is now trading crypto using various platforms. Now, he is focussed on helping others learn about cryptocurrencies via hedgewithcrypto.