It can be a challenging task for beginners to know which cryptocurrency in New Zealand to use with so many options. It's important to know that global fiat to cryptocurrency exchanges may not support your country or local currency such as NZD.
In this comparison article, we will give our opinion on the best crypto exchanges to buy Bitcoin from New Zealand so you can make an informed decision.
Best Exchanges To Buy Crypto & Bitcoin In NZ
Here is our consolidated list of the top cryptocurrency exchanges in New Zealand (with our commentary):
- Independent Reserve (popular exchange with several cryptocurrencies to buy and sell)
- Binance (worlds largest exchange that supports NZD deposits using credit cards)
- Easy Crypto (simple and easy to use, local crypto service provider in NZ)
- BitPrime (supports POLI payments for rapid deposit of NZD)
- ZebPay (global crypto exchange to buy/sell crypto instantly with zero deposit fees)
- Coinbase (high quality, safe and reliable exchange that has been around for years)
Cryptocurrency Exchanges In NZ
This comparison guide provides an overview of the best cryptocurrency exchanges in New Zealand to buy, trade and sell Bitcoin and other altcoins. Our research is based on assessing the exchange features, deposit methods, trading fees, available crypto and security.
Some exchanges require you to own a Bitcoin hardware wallet. If you don't have a wallet, read our guide on the best cryptocurrency hardware wallets.
Exchange | Fees | Rating |
|---|---|---|
Independent Reserve | 0.05% - 0.5% | 4.6 / 5 |
Binance | 0.2% - 2.5% | 4.4 / 5 |
Plus500 | Spread only | 4.2 / 5 |
Easy Crypto | 0.5% - 1.8% | 3.9 / 5 |
ZebPay | 0.4% | 3.8 / 5 |
BitPrime | 2% - 2.9% (includes all costs) | 3.6 / 5 |
CoinBase | 4% | 3 / 5 |
New Zealand (NZ) Crypto Exchanges: Reviews 2020
Our review and assessment of the best Bitcoin exchanges in NZ is based on important factors such as ease of use, reputation, charting features, trading fees, deposit methods, security and customer support.
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 buy, trade and sell 14 cryptocurrencies using Swift.
Features:
overall
Ease of use
Reputation
Deposit methods
Fees
Binance
Binance crypto exchange that offers a place to buy, trade and sell more than 100 cryptocurrencies. The platform has seen a meteoric rise since being founded in 201 to become one of the most popular crypto trading exchanges in the world. The exchange supports residents in NZ to buy, trade and sell cryptocurrencies using New Zealand Dollars.
Features:
overall
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.
Features:
overall
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 Nano Ledger.
Features:
overall
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 their desktop and mobile trading app.
Features:
overall
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.
Features:
overall
Ease of use
Reputation
Deposit methods
Fees
Coinbase
Coinbase is the most popular Bitcoin exchange in the world that is available in over 100 countries including New Zealand. New Zealanders can buy cryptocurrency using a bank transfer 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.
Features:
overall
Ease of use
Reputation
Deposit methods
Fees
Frequently Asked Questions
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.
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
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 Binance, Coinbase, eToro, Changelly and ChangeNOW. The fees are slightly higher than other payment methods.
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 crypto exchanges in NZ to use 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?
If you found this article useful, feel free to share it with your social network.
You might also be interested in these hand-picked articles:
