Kiwi Coin NZ takes pride in its status as the most enduring Bitcoin exchange in NZ. With a notable history spanning multiple years, it has garnered a strong reputation for its reliability and longevity within the local Bitcoin and cryptocurrency community.
Throughout our guide, Cryptocurrency NZ will thoroughly explore Kiwi Coin NZ and evaluate whether it is worth your time and effort, particularly in comparison to other prominent exchanges such as Easy Crypto NZ, Binance New Zealand and Dasset NZ.
What Is Kiwi Coin NZ?
Kiwi Coin is a crypto exchange that was established by a team of Bitcoin enthusiasts hailing from NZ. Its primary objective is to enable widespread access to bitcoin trading.
The platform functions akin to a bulletin board, enabling kiwis to post their buy and sell orders for Bitcoin (BTC), while other users can select their desired cryptocurrency coins. The exchange exclusively permits Bitcoin trading with New Zealand Dollar (NZD).
How Does Kiwi Coin NZ Work?
Kiwi Coin NZ sets itself apart from other cryptocurrency exchanges such as Binance NZ with its distinctive operational approach. Unlike traditional platforms, it functions as a dynamic order book, providing New Zealand traders with a unique trading experience.
Kiwi Coin, users have the freedom to list the specific quantity of bitcoins they intend to buy or sell, along with the desired price they are willing to transact at. This flexibility allows users to exercise control over their trades and participate actively in the market.
Simple Orders
Kiwi Coin’s Simple Orders feature provides kiwis with a straightforward way to buy and sell Bitcoins at fixed, unchanging prices. This means that when you place a Simple Order to buy or sell Bitcoins, the price you set will remain constant until the order is executed.
Floating Orders
Floating Orders on Kiwi Coin NZ allow you to set a flexible price range instead of a fixed price. The order price adjusts automatically to ensure you stay within your desired price range, saving you the hassle of constantly monitoring and adjusting your orders manually.
Advanced Orders
Kiwi Coin’s Advanced Trading feature empowers traders with the ability to place buying or selling orders using a range of API tools. This functionality allows users to leverage the full potential of automated trading strategies and integrate their own software applications.
Verification Levels
At Kiwi-Coin, users can create accounts with varying levels of verification. The ultimate goal is to achieve level 2 verification, which unlocks access to the full range of services.
- Level 0 – Anonymous: At this level, users create a profile by verifying their email address, setting a password, and receiving a secret access code. While limited to depositing and withdrawing Bitcoin, no additional services or limits are available.
- Level 1 – Unverified: Users at this level must consent to legal documents and provide identity information, address details, as well as answer questions about the source of funds and service usage purpose. However, this level does not offer any extra services.
- Level 1.5 – ID Verified: By verifying their identity through the RealMe service or accepted physical formats, users unlock trading capabilities and gain the ability to deposit and withdraw NZD. Digital identity verification is not provided by Kiwi-Coin.
- Level 2 – Verified: New Zealanders are required to provide proof of address. Once the submitted documents are approved, significant increases in limits are granted.
- Level 3 – Trusted: A Trusted account allows for even higher withdrawal limits, allowing transfers up to NZ$100,000 per day and up to NZ$1,000,000 per month. To attain this level, New Zealanders must provide a hard copy document demonstrating the source of funds and activate Google Authenticator for added account security.
P2P Marketplace
One Feature that stands out on Kiwi Coin NZ is the P2P (Peer-to-Peer) Marketplace.
Within the P2P market, you will find a variety of merchants who offer convenient payment methods for buying or selling BTC. It is advisable to contact the merchants directly to initiate transactions. However, it is important to be mindful of the commission charged by the merchants to ensure a fair transaction and avoid potential issues. Taking precautions will help ensure a secure and satisfactory experience within the P2P market.
However, if you prefer a non-KYC option, we recommend considering the New Zealand P2P Crypto Marketplace, which offers an alternative platform without KYC requirements.
NZ P2P Crypto Marketplace
The NZ P2P Crypto Marketplace was established in 2021 to make it easier for Kiwis to discover and communicate with peer-to-peer crypto traders in NZ.
Kiwi Coin NZ Pros and Cons
Pros
✔️ Accessibility: Kiwi-Coin aims to make Bitcoin trading accessible to users in New Zealand, providing a platform specifically tailored to their needs.
✔️ Local Currency Support: The platform allows trading in New Zealand Dollars (NZD), enabling users to conveniently trade Bitcoin with their local currency.
✔️ P2P Market: Kiwi-Coin’s P2P market provides additional payment options and a direct connection with merchants for buying and selling BTC.
Cons
❌ Limited Features: Some users may find the platform lacking in advanced features and tools commonly offered by other exchanges.
❌ Lack of Diversity: Kiwi-Coin’s primary focus on Bitcoin trading may not appeal to those seeking a wider selection of cryptocurrencies for trading.
❌ Customer Support: The quality and responsiveness of customer support may vary, and some users may experience delays in receiving assistance.
Kiwi Coin NZ Trading Fees
| Taker | Maker |
| Spot: 0.8% | Spot: 0.4% |
| Futures NZD: N/A | Futures NZD: N/A |
More information on Kiwi Coin exchange fees can be found here.
Deposit and Withdrawal Fees
| Kiwi Coin Deposit | Kiwi Coin Withdrawal |
| NZD Deposit: $0 | NZD Withdrawal: $10 per transaction |
| XBT Deposit: $0 | XBT Withdrawal: Network fees |
Kiwi Coin NZ Customer Support
Kiwi-Coin offers various channels for contacting their officials and obtaining assistance with your queries. For prompt responses, the recommended option is the live chat feature.
However, if you have a detailed issue or a critical problem that requires thorough explanation, it is advisable to submit a help ticket. Can submit a help ticket here.
Cryptocurrency NZ Final Verdict
TLDR: Cryptocurrency NZ recommend using a Exchange like Easy Crypto NZ or Binance New Zealand as they have array of cryptocurrencies available and much easier for newbies.
Cryptocurrency NZ believes Kiwi Coin has established itself as a dependable and reputable bitcoin exchange, catering to traders in New Zealand for nearly a decade. Throughout its existence, the exchange has maintained a focus on simplicity and security, delivering a user-friendly and streamlined Bitcoin trading experience to its customers.
While it’s true that Kiwi Coin may receive feedback from individuals seeking greater diversity and advanced features, it’s important to recognize that the exchange’s design caters to a specific target audience – New Zealanders who only want to trade Bitcoin.
