Binance NZ Review – New Zealand's Crypto Guide (2025)
As of September 14, 2022, Binance New Zealand has ceased offering various products to cryptocurrency investors in New Zealand. This includes discontinuing access to futures, options, farming, Dual Investment, DeFi staking, Binance Pool and other leverage options.
Binance Exchange is one of the most popular and largest crypto exchanges in New Zealand and around the globe. Often referred to as *'the leading trading platform for crypto'.* Binance offers New Zealanders a wide range of trading options and tools.
Binance NZ
Centralized Exchange
Binance offers New Zealand traders access to one of the world's largest crypto ecosystems, combining extensive trading options with competitive fees. However, its complex interface and evolving regulatory status require careful consideration.
Create AccountBest Bitcoin Exchanges in New Zealand
When choosing where to buy BTC in NZ, several factors should influence your decision, including fees, security, ease of use, and available payment methods. Here's our comprehensive comparison of the top Bitcoin exchanges available to investors in 2025:
Important!
Looking for privacy? Our NZ-based P2P Crypto Marketplace connects buyers and sellers directly – no KYC required. For experienced traders, MEXC is a great non-KYC exchange still available to New Zealand users.
What is Binance?
Binance has evolved from a cryptocurrency exchange startup to a comprehensive blockchain ecosystem since its founding in 2017. Understanding its structure, history, and specific presence in New Zealand provides essential context for Kiwi traders considering this platform for their cryptocurrency activities.
Founded by Changpeng Zhao (commonly known as "CZ") in July 2017, Binance initially launched through an Initial Coin Offering (ICO) that raised $15 million by selling its native BNB tokens. The exchange's name—a combination of "binary" and "finance"—reflects its original focus on crypto-to-crypto trading pairs.
Within just six months of launch, Binance achieved the remarkable distinction of becoming the largest crypto exchange by trading volume, a position it has largely maintained through 2025.
Binance in New Zealand:
FSP Registration
Registered as Financial Service Provider in NZ (September 2022)
Regulated Services
Offers modified services compliant with NZ regulations
Local Support
Dedicated support for New Zealand users with regulatory clarity
Binance History & Background
Company Background and Global Presence
Binance's corporate structure has evolved significantly over the years, particularly in response to regulatory developments across different jurisdictions. While initially headquartered in China, the company quickly relocated operations following China's cryptocurrency crackdown.
After brief periods in Japan and Malta, Binance adopted a decentralized operational model without a traditional headquarters, though it maintains regional offices and operational centers in strategic locations worldwide.
From Startup to Global Leader
Leadership and Recent Developments
Binance's leadership structure underwent significant changes in late 2023 when founder Changpeng Zhao stepped down as CEO as part of a settlement with U.S. authorities. Richard Teng, previously Binance's Global Head of Regional Markets, assumed the role of CEO.
Under Teng's leadership, Binance has pursued a more proactive regulatory compliance strategy globally, seeking licenses in multiple jurisdictions and enhancing its compliance frameworks.
Binance Security Features
Comprehensive Security Measures
Binance uses a multi-layered security system to protect user funds and data. This includes cloud infrastructure protections, DDoS mitigation, and end-to-end encryption. Its risk management system monitors for suspicious transactions, often triggering extra verification.
SAFU Fund (Secure Asset Fund for Users)
The Secure Asset Fund for Users (SAFU) represents one of Binance's most significant security innovations. Established in July 2018, this emergency insurance fund is designed to protect user assets in the event of a large-scale security breach.
💰 SAFU fund value exceeds $1 billion as of early 2025
Binance allocates 10% of all fees to this fund
Cold Storage Architecture
Binance employs a sophisticated wallet architecture that combines hot wallets (connected to the internet) with cold storage systems. According to Binance's public disclosures, approximately 90% of user funds are stored in cold wallets that remain air-gapped from the internet.
Binance NZ Features
Spot Trading Capabilities
Advanced Order Types
Market, limit, stop-limit, OCO orders, and post-only options
Deep Liquidity
Daily trading volumes exceeding $70 billion USD globally
TradingView Integration
100+ technical indicators and drawing tools
Order Book Visualization
Market depth and price impact analysis
P2P Trading in New Zealand
• Multiple Payment Methods: Bank transfers, POLi payments, and other local NZD options
• Escrow Protection: Cryptocurrency held until both parties confirm transaction completion
• Zero Trading Fees: No fees for P2P transactions (wider spreads may apply)
Mobile App Excellence
Binance's mobile applications for iOS and Android provide New Zealand users with comprehensive trading capabilities on the go. The mobile experience has become increasingly important, with Binance reporting that over 70% of NZ-based trading volume now occurs through mobile devices.
Binance NZ Fees & Costs Breakdown
Maker/Taker Fee Structure
Binance operates on a maker/taker fee structure, with fees dependent on both trading volume and BNB balance. Generally, larger trades attract lower fees, making Binance a popular choice for high-volume traders.
Taker Fees
Spot: 0.1000%
Futures USD: 0.0400%
Maker Fees
Spot: 0.1000%
Futures USD: 0.0200%
Trading Cost Examples
Spot Trading Example
Futures Trading Example
P2P Trading
Additional Fee Information
Binance offers some of the lowest fees in the cryptocurrency industry, making it an attractive option for New Zealanders looking to trade digital assets. Fees can be further reduced by using BNB tokens for trading fee payments or by achieving higher trading volumes.
More detailed information on Binance exchange fees can be found on their official fee schedule.
Step by Step - How to Actually Buy Cryptocurrency in NZ
Binance NZ
www.binance.com
Extensive Selection: Binance NZ provides over 500 digital assets, including Bitcoin, Ethereum, and Monero.
A) Go to the Binance website and click on the "Register" button.
B) Enter your email address and create a strong password.
C) Agree to the terms of use and click on "Create Account."
D) You will then receive a verification email from Binance. Click on the verification link in the email to activate your account.
E) Once your account is activated, you can log in to Binance and set up two-factor authentication (2FA) for added security.
F) To start trading on Binance, you will need to deposit funds into your account. Click on "Deposit" and select the cryptocurrency you wish to deposit.
G) Once you have deposited funds into your Binance account, you can start trading by selecting the trading pair you wish to trade and placing an order.
A) Sign in to your Binance account using your credentials.
B) Select [Buy Now] from the homepage.
The primary method for acquiring cryptocurrency on Binance with New Zealand Dollars (NZD) involves utilizing a credit/debit card to deposit funds into your Spot wallet. This approach is particularly user-friendly, especially for those new to the platform.
A) Browse through the available cryptocurrencies on Binance NZ.
B) Select the cryptocurrency you want to purchase (Bitcoin, Ethereum, etc.).
C) Enter the amount in NZD you wish to spend.
Tip: Binance NZ offers over 500 digital assets, giving you extensive choice compared to other platforms.
A) Choose your preferred payment method.
B) Opt for [Card] and click [Confirm] to complete the purchase using a credit/debit card.
Recommendation: Using a credit/debit card is the most straightforward method for NZ users on Binance.
A) To add a new card, click [Add New Card] and input your card information.
B) Complete the process by clicking [Confirm].
C) Once your card has been added, proceed by clicking [Confirm].
Security Note: Binance uses secure payment processing to protect your card details.
A) Review the payment details and confirm your order within the specified time.
B) The system will recalculate the price and the amount of cryptocurrency available, automatically refreshing the quote.
C) To finalize your order, click the confirmation button.
Important! When considering selling your Bitcoin on Binance NZ, you have two primary options: transfer to another platform like Easy Crypto NZ for NZD off-ramp, or use Binance NZ's peer-to-peer (P2P) system.
Need more detailed guidance? Contact us for personalized advice →
Supported Cryptocurrencies
Binance offers access to one of the world's most extensive cryptocurrency selections, providing New Zealand traders with over 500 digital assets including major cryptocurrencies, altcoins, and emerging tokens across multiple blockchain networks.
Customer Service at Binance NZ
Binance offers a range of customer support options to assist New Zealanders with their inquiries and issues. The platform provides multiple channels for support, though customer satisfaction has been mixed according to user reviews.
Support Options
| Support Channel | Availability | Response Time | Description |
|---|---|---|---|
Help Center | 24/7 | Instant | Comprehensive FAQs about trading, deposits, withdrawals, and account security |
Live Chat MOST USED | 24/7 | Variable | Immediate assistance for urgent inquiries |
Email Support | 24/7 | 24-48 hours | Detailed support for complex issues and account matters |
Social Media | Business hours | 1-4 hours | Twitter support for updates and basic inquiries |
Community Forums | 24/7 | Variable | User-to-user assistance and community discussions |
Help Center
Comprehensive FAQs about trading, deposits, withdrawals, and account security
Live Chat
Immediate assistance for urgent inquiries
Email Support
Detailed support for complex issues and account matters
Social Media
Twitter support for updates and basic inquiries
Community Forums
User-to-user assistance and community discussions
Binance NZ has received mixed reviews on Trustpilot, with an average rating of 2 out of 5 stars across more than 2,000 reviews. While some users have praised the platform for its features and services, others have experienced issues with poor customer service.
Support Performance Overview
Global Support Team
Response Time
Support Channels
Help Resources
Customer Satisfaction
While Binance offers extensive support resources and multiple contact channels, customer satisfaction ratings indicate inconsistent service quality, particularly for complex issues requiring personalized assistance.
Final Assessment
Binance offers New Zealand traders access to one of the world's largest cryptocurrency ecosystems, with extensive trading options, competitive fees, and comprehensive features. However, the platform's complex interface and mixed customer service reviews require careful consideration.
While Binance excels in providing advanced trading tools, deep liquidity, and a vast selection of cryptocurrencies, the platform may be overwhelming for beginners. The regulatory restrictions in New Zealand and variable customer service quality are important factors to consider.
For experienced traders and those seeking extensive cryptocurrency options, Binance remains a compelling choice despite its challenges. However, new traders might benefit from starting with more user-friendly local alternatives before transitioning to Binance's comprehensive platform.
The platform's position as a global leader in cryptocurrency trading is well-established, but New Zealand users should weigh the extensive features against the potential customer service challenges and regulatory limitations when making their choice.
Extensive Features
500+ cryptocurrencies and advanced trading tools
Mixed Reviews
Customer service quality varies (2/5 Trustpilot rating)
Regulatory Compliance
FSP registered in NZ with some service restrictions