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Best Bitcoin & Cryptocurrency Exchanges in NZ
- July 20, 2023
- Last updated: May 24, 2023
Nic Turnbull
Harry Satoshi
The safest, fastest, and easiest way to buy Bitcoin, Ethereum and other cryptocurrency in New Zealand is through a Kiwi crypto retailer like Easy Crypto NZ or Binance.
Cryptocurrency exchanges are one of the best ways to buy, sell and trade crypto in NZ. Popular currencies that Kiwis buy, sell and trade include Bitcoin, Ethereum and Dogecoin.
There are over 200 exchanges in the world to choose from and Cryptocurrency NZ combed through the leading players to determine the best crypto exchanges in NZ.
Related Guides:
How to Buy Cryptocurrency in NZ – Step-by-Step Guide (2023)
What is a Cryptocurrency Exchange In NZ?
Types of Cryptocurrency Exchanges In NZ
Centralized Exchange (CEX)
In New Zealand, the most popular method for buying, selling, and trading digital assets like Bitcoin, Ethereum, and Litecoin is through centralized crypto exchanges (CEX). These crypto exchanges, such as Dasset, Bybit, and Binance, are owned and operated by private companies and have gained widespread adoption due to their user-friendly interfaces and extensive cryptocurrency offerings. CEXs play a vital role in the New Zealand cryptocurrency market.
One essential aspect is that centralized exchanges in NZ adhere to regulatory requirements, particularly the Know Your Customer guidelines. As per these regulations, users are required to register and provide their identity, which assists in combating money laundering and preventing other illicit activities.
However, it is essential to acknowledge that some individuals within the local New Zealand crypto community have expressed concerns about the KYC option. They argue that it may compromise user privacy and the decentralized nature of cryptocurrencies, which initially attracted people to this technology.
An interesting argument against KYC can be found here.
Decentralized Exchange (DEX)
A decentralized exchange (DEX) is a type of cryptocurrency exchange that operates on a decentralized blockchain network instead of a central server.
DEXs enable users to trade cryptocurrencies without intermediaries, providing more control to traders. Unlike centralized exchanges, DEXs don’t require users to deposit funds into the exchange’s wallet, and users maintain complete control over their private keys, enhancing security and reducing vulnerability to hacking.
Some popular decentralized exchanges in New Zealand include Uniswap, PancakeSwap, and Kyber Network. These platforms offer a wide range of trading pairs and low fees, making them an attractive option for traders looking for greater privacy and security.
Exchange Vs Retailer
When it comes to buying and selling cryptocurrencies in New Zealand, there are two main options. cryptocurrency exchanges and retailers. Cryptocurrency exchanges provide a platform where users can directly trade various cryptocurrencies with other kiwis.
They offer a wide range of cryptocurrencies to choose from and allow individuals to set their own buy and sell orders. Crypto exchanges are suitable for those who want more control over their trades and are comfortable with actively participating in the market.
On the other hand, crypto retailers act as intermediaries between New Zealanders and the cryptocurrency market. They provide a user-friendly interface, simplifying the process of buying or selling cryptocurrencies. Retailers execute trades on behalf of their customers, making them a convenient option for new users or those who prefer a more streamlined experience. (Cryptocurrency NZ recommends Easycrypto NZ as they are safe, fast and reliable.)
While exchanges charge transaction fees, retailers typically earn revenue through spreads. Depending on your trading preferences and level of expertise, you can choose between exchanges and retailers to enter the exciting world of cryptocurrencies in New Zealand.
When it comes to buying and selling cryptocurrencies in New Zealand, there are two main options: cryptocurrency exchanges and retailers. Cryptocurrency exchanges provide a platform where users can directly trade various cryptocurrencies with other kiwis.
Other Crypto Exchange Options In NZ
In addition to centralized and decentralized exchanges, there are other cryptocurrency exchange options available to users in NZ. Some of these include:
Peer-to-peer (P2P): P2P platforms allow users to buy and sell cryptocurrencies directly with each other, without the need for a central authority or intermediary. These platforms can offer users more privacy and flexibility, but they may have lower liquidity and higher transaction fees than centralized exchanges. (NZ’s own P2P marketplace)
Brokerages: Cryptocurrency brokerages operate like traditional stock brokers, allowing users to buy and sell cryptocurrencies at a set price. Brokerages can be a good option for beginners who are new to cryptocurrency trading. (Easycrypto is the safest, fastest and easiest to buy Bitcoin and Ethereum)
OTC (Over-the-Counter) exchanges: OTC exchanges are designed for high-volume traders and allow users to buy and sell large amounts of crypto without affecting the market price. These exchanges typically have higher fees than other types of exchanges, but they can offer greater liquidity and flexibility.
Best Cryptocurrency Exchanges In NZ
⭐Cryptocurrency NZ Recommendation 🏆
Easy Crypto NZ
Easy Crypto NZ is New Zealand’s most popular cryptocurrency retailer, making it safe, fast, and easy for Kiwis to buy and sell over 97+ cryptocurrencies in minutes – including Bitcoin, Ethereum, Dogecoin and XRP.
Website: www.easycrypto.ai/nz
Pros & Cons
| Pros | Cons |
| ✔️ Accepts NZD: Easy Crypto NZ is a New Zealand-based retailer, which means that users can buy and sell Ethereum using New Zealand Dollars (NZD). | ❌ Limited Features: Easy Crypto may not offer as many advanced trading features as some other exchanges, which may be a drawback for experienced traders. |
| ✔️ User-friendly: Easy Crypto NZ has a simple and user-friendly interface that makes it easy for individuals to buy and sell Ethereum. | ❌ Trading Fees: The trading fees for less popular cryptocurrencies on Easy Crypto can be higher than on other exchanges. |
| ✔️ Strong customer Support: Easy Crypto NZ offers competitive fees and is known for its strong customer support. The team is available to assist users with any questions or concerns. | ❌ Limited options: Easy Crypto NZ does not currently offer margin trading or futures trading, which may limit trading options for some users. |
| ✔️ Secure platform: The platform is secure and uses industry-standard security measures to protect user data and funds. |
Trading Fees
Easy Crypto NZ has a transparent fee structure, which is included in the price of the cryptocurrency being bought or sold. The fee structure is based on a percentage of the transaction value, and the percentage varies depending on the cryptocurrency being traded.
Easy Crypto NZ fee range is from 0.70% to 0.90%.
Pros & Cons
Pros Of Easy Crypto NZ
✔️ Accepts NZD: Easy Crypto is a New Zealand-based retailer, which means that users can buy and sell cryptocurrencies using New Zealand Dollars (NZD).
✔️ User-friendly: Easy Crypto has a simple and user-friendly interface that makes it easy for individuals to buy and sell cryptocurrencies, even if they are new to the world of digital assets.
✔️ Strong customer Support: Easy Crypto offers competitive fees and is known for its strong customer support. The team is available to assist users with any questions or concerns they may have.
✔️ Secure platform: The platform is secure and uses industry-standard security measures to protect user data and funds.
Cons Of Easy Crypto NZ
❌ Limited Features: Easy Crypto may not offer as many advanced trading features as some other exchanges, which may be a drawback for experienced traders.
❌ Trading Fees: The trading fees for less popular cryptocurrencies on Easy Crypto can be higher than on other exchanges.
Trading Fees
Easy Crypto NZ has a transparent fee structure, which is included in the price of the cryptocurrency being bought or sold. The fee structure is based on a percentage of the transaction value, and the percentage varies depending on the cryptocurrency being traded.
Easy Crypto NZ fee range is from 0.70% to 0.90%.
Binance NZ
Binance is one of the largest centralized cryptocurrency exchanges in the world. The exchange was founded in 2017 and has since grown to offer users a platform to trade over 500 digital assets, including Bitcoin, Ethereum, Binance Coin, and many more.
Binance is known for its low trading fees, high liquidity, and advanced trading features, including margin trading, futures trading, and staking.
Pros & Cons
| Pros | Cons |
| ✔️Wide range of tokes: Binance supports a huge range of tokens, which gives New Zealanders access to a diverse range. | ❌ Regulatory uncertainty: Cryptocurrency regulation in NZ is still uncertain, which can create a level of risk for users of the platform. |
| ✔️ Low trading fees: Binance has some of the lowest trading fees in the industry, which can be a significant advantage for frequent traders. | ❌ Limited payment options: Binance has limited payment options for New Zealanders, with bank transfers being the primary payment method. |
| ✔️ High liquidity: Binance has a high trading volume, which means there is high liquidity on the platform. This makes it easier to buy and sell cryptocurrencies quickly. | ❌ Security risks: As with any cryptocurrency exchange, there is a risk of hacking and theft. Binance has implemented security measures to mitigate these risks, but there is still a risk involved. |
| ✔️ User-friendly interface: Binance has a user-friendly interface, which makes it easy for beginners to navigate and trade cryptocurrencies. | ❌ Customer support: Some users have reported issues with Binance's customer support, which can be frustrating if you encounter any issues with the platform. |
Trading Fees
| Taker | Maker |
| Spot: 0.1000% | Spot: 0.1000% |
| Futures USD: 0.0400% | Futures USD: 0.0200% |
More information on Binance exchange fees can be found here.
Pros & Cons
Pros Of Binance New Zealand
✔️Wide range of tokes: Binance supports a huge range of tokens, which gives New Zealanders access to a diverse range.
✔️ Low trading fees: Binance has some of the lowest trading fees in the industry, which can be a significant advantage for frequent traders.
✔️ High liquidity: Binance has a high trading volume, which means there is high liquidity on the platform. This makes it easier to buy and sell cryptocurrencies quickly.
✔️ User-friendly interface: Binance has a user-friendly interface, which makes it easy for beginners to navigate and trade cryptocurrencies.
Cons Of Binance New Zealand
❌ Regulatory uncertainty: Cryptocurrency regulation in NZ is still uncertain, which can create a level of risk for users of the platform.
❌ Limited payment options: Binance has limited payment options for New Zealanders, with bank transfers being the primary payment method.
❌ Security risks: As with any cryptocurrency exchange, there is a risk of hacking and theft. Binance has implemented security measures to mitigate these risks, but there is still a risk involved.
❌ Customer support: Some users have reported issues with Binance's customer support, which can be frustrating if you encounter any issues with the platform.
Trading Fees
| Taker | Maker |
| Spot: 0.1000% | Spot: 0.1000% |
| Futures USD: 0.0400% | Futures USD: 0.0200% |
More information on Binance exchange fees can be found here.
Bybit NZ
Bybit is a cryptocurrency derivatives exchange that allows users to trade a variety of cryptocurrency derivatives, including perpetual contracts and futures contracts. Bybit was founded in March 2018 and is headquartered in Singapore.
The exchange supports a number of cryptocurrencies, including Bitcoin, Ethereum, Ripple, EOS and Bitcoin Cash, among others. Bybit is known for its user-friendly interface, advanced trading tools, and high liquidity, making it a popular choice.
Pros & Cons
| Pros | Cons |
| ✔️ Variety of trading options: Bybit offers a wide range of cryptocurrency derivatives to trade, including perpetual contracts and futures contracts, allowing New Zealanders to diversify their portfolio. | ❌ Regulatory uncertainty: Cryptocurrency trading is not yet regulated in New Zealand, which means there is some uncertainty regarding the legal status of Bybit's services in the country. |
| ✔️ User-friendly interface: Bybit's trading platform is known for its easy-to-use interface, making it accessible for novice traders to use. | ❌ Risk of volatility: Crypto is known for the volatility, which means that traders using Bybit may be exposed to significant market fluctuations. |
| ✔️ High liquidity: Bybit has high trading volumes, which means kiwis can buy and sell cryptocurrencies quickly and easily. | ❌ High risk: Trading cryptocurrency derivatives is a high-risk activity, and traders should be aware of the potential losses they could incur. |
| ✔️ Advanced trading tools: Bybit provides a range of trading tools and indicators to help traders analyze the market and make informed decisions. | ❌ Limited payment options: Bybit currently only accepts Bitcoin and USD deposits, which may be a disadvantage for New Zealanders who prefer to use other payment methods. |
Trading Fees
| Taker | Maker |
| Bybit Derivatives Fee: 0.06% | Bybit Derivatives Fee: 0.01% |
| Bybit Spot Fee: 0.10% | Bybit Spot Fee: 0.10% |
More information on Bybit fees can be found here.
Pros & Cons
Pros Of ByBit Exchange
✔️ Variety of trading options: Bybit offers a wide range of cryptocurrency derivatives to trade, including perpetual contracts and futures contracts, allowing New Zealanders to diversify their portfolio.
✔️ User-friendly interface: Bybit's trading platform is known for its easy-to-use interface, making it accessible for novice traders to use.
✔️ High liquidity: Bybit has high trading volumes, which means kiwis can buy and sell cryptocurrencies quickly and easily.
✔️ Advanced trading tools: Bybit provides a range of trading tools and indicators to help traders analyze the market and make informed decisions.
Cons Of Bybit Exchange
❌ Regulatory uncertainty: Cryptocurrency trading is not yet regulated in New Zealand, which means there is some uncertainty regarding the legal status of Bybit's services in the country.
❌ Risk of volatility: Crypto is known for the volatility, which means that traders using Bybit may be exposed to significant market fluctuations.
❌ High risk: Trading cryptocurrency derivatives is a high-risk activity, and traders should be aware of the potential losses they could incur.
❌ Limited payment options: Bybit currently only accepts Bitcoin and USD deposits, which may be a disadvantage for New Zealanders who prefer to use other payment methods.
Trading Fees
| Taker | Maker |
| Bybit Derivatives Fee: 0.06% | Bybit Derivatives Fee: 0.01% |
| Bybit Spot Fee: 0.10% | Bybit Spot Fee: 0.10% |
More information on Bybit fees can be found here.
How to Pick the Best Cryptocurrency Exchange in NZ
Choosing the best crypto exchange in NZ can be a daunting task, given the numerous options available. Here are some factors to consider:
Security: Look for an exchange that has robust security measures in place, such as two-factor authentication, cold storage, and regular security audits.
Trading Fees: Trading fees can vary significantly between exchanges, so make sure to compare fees and choose an exchange that offers competitive rates.
Supported Coins: Consider the range of digital assets supported by the exchange and ensure that it offers the coins you are interested in trading.
Payment Methods: Check whether the exchange supports the payment methods you prefer, such as bank transfers, credit cards, or other payment options.
Customer Support: A reliable and responsive customer support team can be invaluable in resolving issues or answering questions that arise during the trading process.
Final Verdict
There are numerous crypto exchanges in NZ to choose from, and individual traders and investors have different needs from their platform. However after exploring the options above Cryptocurrency NZ believe Easy Crypto NZ and Binance NZ are best suited for kiwis.
This is why it’s critical to research the best crypto exchange for your specific needs, because what works for one person may not work for another. Examine detailed reviews, compare the features, fees, pros and cons of each exchange, and determine how well they match your preferences and requirements.
Commonly asked questions
Yes – you can buy cryptocurrency in NZ in minutes through one of New Zealand’s various crypto retailers or exchanges, such as Easy Crypto NZ. 👍
Crypto wallets are digital vaults where you store your Bitcoin, Ethereum and other digital assets – acting as your NZ crypto bank account.
There are 5 main types of cryptocurrency wallet, such as Hardware wallets like the Trezor and Ledger or software wallets like Exodus.
Which you can learn about in our Best Bitcoin & Crypto Wallet in New Zealand Guide. 👉
New Zealand anti-money laundering laws (AML) require all Kiwis to verify their identities before they can buy and sell cryptocurrency through regulated NZ crypto trading platforms, such as Easy Crypto, BitPrime and beyond.
Alternatives to using regulated services to acquire crypto include crypto mining, buying P2P, airdrops, Bitcoin ATMs, and decentralized exchanges. You can also receive crypto by accepting it as payment for the goods and services you sell, or doing work in exchange for crypto.
To verify an account with an NZ exchange, you need to:
– Be 18 years or above.
– Have a valid NZ passport or drivers license.
– Have an NZ bank account under your own name.
– Have $40 to meet minimum order requirements.
It takes about 30 minutes to buy Bitcoin, Ethereum and other crypto in NZ – depending on your service of choice. It’s possible to sign up with an NZ crypto crypto exchange or retailer like Easy Crypto NZ, verify your account, buy crypto and have it delivered to your personal crypto wallet in 30 minutes or less.
Crypto buying speeds vary in three key ways:
– Account creation and verification speeds; the time it takes from signing up with your chosen service to them confirming your identity. (To allow you to buy/sell/exchange)
– Order creation and delivery speeds; how long it takes to create, pay for and complete your order – and how long it takes for your chosen service to dispatch your crypto to your personal wallet.
– Network processing speeds; how fast crypto transactions are processed by the crypto networks. (This is not in the control of your chosen service)
If you’re unsure on what coins to buy, we’d recommend examining CoinMarketCap to learn about the crypto markets’ most popular coins and projects.
From there you’ll find the latest price trends and coin rankings, and be able to gauge a snapshot overview of each top crypto and discover learning resources to help you dive deeper into your research.
We personally believe Bitcoin and Ethereum are the best coins to start with, thanks to their proven track record, real world utility and highly active communities.
Disclaimer – this is not financial advice in any way, shape or form. Always do your own research and seek a diverse range of perspectives when learning about a new project.
Absolutely – selling crypto is just as easy as buying it. All NZ services showcased below allow users to sell back crypto 24/7, 365 days a year.