For New Zealanders venturing into the world of cryptocurrencies, buying Dogecoin (DOGE) can be an exciting task. Platforms such as Binance NZ and Easy Crypto NZ make it easy.
To get started, it’s important to understand the basics of Dogecoin and technology behind it. Once familiarized with DOGE, setting up a secure Doge cryptocurrency wallet is curial.
Best Place to Buy Dogecoin in NZ
Easy Crypto NZ
Easiest way to Buy Dogecoin
Easy Crypto NZ is New Zealand’s most popular crypto retailer, making it safe, fast, and easy for Kiwis to buy and sell over 110+ cryptocurrencies in minutes.
Website: www.easycrypto.ai/nz
Why We Recommend Easy Crypto NZ
Here at Cryptocurrency NZ, we’ve used Easy Crypto without any issues for over 5 years.
They’ve helped mainline hundreds of thousands of New Zealanders into the cryptocurrency markets.
Easy Crypto is a reputable, reliable and Kiwi focused crypto retailer who without a doubt achieves their mission of making it safe, fast and easy for Kiwis to buy and sell Bitcoin and 160+ other coins in NZ.
EC typically provide rapid order speeds through their simple interface and are well suited to first time crypto investors.
Our biggest critique would be EC’s excessive compliance program, requiring users to jump through increasingly heavier identity and source of funds verification steps for users seeking to acquire privacy coins such as Monero (XMR).
For privacy focused users, non-KYC’ed options such as the NZ P2P Crypto Marketplace may be better suited.
Pros & Cons
Pros of Easy Crypto NZ
✔️ Beginner friendly: Easy Crypto’s interface is well suited to first time or casual investors.
✔️ Near instant KYC: you can typically create an account, verify your ID and trade within minutes.
✔️ Non-custodial: crypto is sent directly to your own private wallet, Easy Crypto doesn’t store it for you.
✔️ Transparent fee structure: When you place an order, you can see the exact numbers of how much you’ll receive.
✔️ Local customer support: when you need help, EC provides high quality one-on-one assistance.
Cons of Easy Crypto NZ
❌ Limited features: day traders are better suited to live exchanges like Binance NZ or Kiwicoin
❌ Excessive compliance: You can’t buy privacy coins like Monero without proving the source of your funds.
❌ No on-site wallet: users must have a secure wallet already set up to buy and sell through Easy Crypto.
❌ Slippage: There’s sometimes a difference in prices between when you locked in your fees vs current prices.
❌ KYC: You have to verify your identity in order to actually buy or sell. This data is then passed on to the government.
Reputation
Easy Crypto NZ is a homegrown, non-custodial crypto retailer with a strong reputation in the NZ crypto community.
They have a strong presence in the domestic crypto industry , sponsoring Cryptocurrency NZ’s meetups and are known to actively engage in New Zealand’s various community forums, groups and events.
Since launching in 2018, ECNZ has generated over 200,000+ users in New Zealand alone and has processed over 2 Billion NZD in order volume – securing their title as New Zealand’s crypto heavy weight.
Janine Grainger, EC’s co-founder and other members of EC’s exec team are active members in financial technology and blockchain lobbying bodies across NZ such as Blockchain NZ and Fintech NZ.
Binance NZ
Quickest way to Buy Dogecoin
Binance, the world’s largest crypto exchange, is a highly popular platform for Kiwis interested in crypto trading in NZ.
Binance offers over 1400 trading pairs, such as NZD to BTC, with some of the lowest fees in the industry.
Website: www.binance.com/nz
Why We Recommend Binance NZ
Here at Cryptocurrency NZ, we have used Binance for over 4 years without any issues.
Binance is the world’s largest crypto exchange, accounting for over 40% of the total crypto market’s trade volume. They have world class platform, access to liquidity, a plethora of coins to trade and are known to be reliable and secure.
They are however still a centralized exchange and the age old ‘not your keys, not your crypto’ still applies. We don’t recommend storing large amounts of coin long term on exchanges and instead recommend using a hardware wallet.
If you’re a day trader, looking to swing trade or practice technical analysis and chart drawing, Binance is very solid.
Pros & Cons
Pros of Binance NZ
✔️Plethora of coins: Humongous selection of cryptocurrencies available for trading.
✔️ Competitive Rates: Famously low trading fees, especially for high-volume traders and those who hold BNB.
✔️ SAFU Fund: Binance has a “SAFU’ fund to protect users in the event of a security breach or hack. Learn more.
✔️ Registered in NZ: Binance is a registered Financial Service Provider in NZ.
✔️ Advanced Features: Offers world class trading tools and charts.
✔️ IOS & Android: Mobile apps available for trading on-the-go.
Cons of Binance NZ
❌ Regulatory exposure: Ongoing regulatory scrutiny and potential for government restrictions.
❌Mixed Reviews: Some negative user reviews and complaints about poor customer service.
❌ High withdrawal fees: Withdrawing some coins can be higher than fifty dollars, depending on market prices.
❌ Customer Support: Limited customer support during high-traffic periods
❌ Centralized Exchange: Potential for hacking or security breaches.
❌ KYC: You have to verify your identity in order to buy or sell. This data is then passed on to the government.
Reputation
Binance has has over 6,000 staff globally, and since registering in Zealand in September 2022 as a Financial Services Provider, they have invested heavily into marketing, complying with NZ regulations and developing an NZ based team.
Ben Rose, Binance’s CEO is a member on the Blockchain NZ council, and many of the Binance NZ team are public.
Binance is an international exchange, headed and founded by Changpeng Zhao (CZ), one of the most well known and trusted crypto developers and entrepreneurs in the world. Binance NZ is in it’s early days, but is gearing for the long haul.
Pay It Now (PIN)
Securest way to Buy Dogecoin
Pay It Now – PIN is the largest crypto payment network in NZ, with 300+ Kiwi businesses already using their payment system. They have done an incredible job at simplifying the process of accepting Bitcoin, Ethereum + Pest Free Token.
Website: www.payitnow.io/
Why Cryptocurrency NZ Chooses It
Cryptocurrency NZ has enthusiastically opted for Pay it Now (PIN), and for good reason.
With its New Zealand origins, PIN perfectly aligns with the local values that Cryptocurrency NZ holds dear. Unlike simple on/off ramps, PIN offers a holistic ecosystem that extends well beyond basic transaction facilitation. By bridging merchants with its extensive user base, PIN empowers businesses throughout New Zealand to effortlessly access the realm of crypto.
Pros & Cons
Pros Of Pay it Now (PIN)
✔️ PIN Scan Block Explorer: The dedicated block explorer, PIN Scan, enhances transparency by allowing users to easily track and monitor transactions on the PIN Network, fostering trust.
✔️ Wallet-Less Crypto Transactions with PIN Swap: The wallet-less connection process through PIN Swap offers a user-friendly and secure method for transferring crypto assets directly into users’ wallets, simplifying the interaction with smart contracts.
✔️ Point of Sale (PoS) Integration: The integration of PIN Payments with prominent Point of Sale providers like Sipo PoS, Todays Software, Lightspeed X, and Salespoint streamlines crypto payments for merchants, potentially increasing the adoption of cryptocurrencies.
✔️ In-App Functionality for Users: The PIN Network App’s user-centric features, such as in-app buying, bridging tokens, gas-less swaps, and instant peer-to-peer transactions, create a convenient and seamless experience for users engaging with digital assets.
✔️ Cross-Border Payments: The ability to send and receive digital currency instantly among PIN Network App users facilitates cross-border transactions, potentially reducing traditional financial barriers.
✔️ Staking and Rewards: The in-app staking functionality offers users the opportunity to earn staking rewards and bonuses, providing an additional incentive within the PIN ecosystem.
Cons of Pay it Now (PIN)
❌ Integration Challenges: While the PoS integration is designed to be user-friendly, potential integration challenges with different PoS providers might arise.
❌ Limited Cryptocurrency Compatibility: The availability of supported tokens for bridging and swapping might be limited, potentially limiting user choices.
❌ Security Considerations: Introducing wallet-less transactions and sensitive data handling within the app necessitates robust security measures to protect user assets and information.
❌ Regulatory Challenges: The integration of cryptocurrencies and payment solutions could subject the project to regulatory scrutiny and compliance requirements in different jurisdictions.
Trading Fees
PIN implements a fee structure that comprises two distinct types of fees. The first involves un-bridging transactions, in which a fee of 4% is applicable. However, it’s noteworthy that PIN doesn’t impose gas fees on its users. Instead, for bridge transactions, there’s a fixed fee of $0.40 USD, offering users a straightforward and predictable cost for their transactions.
What is Dogecoin in NZ?
Dogecoin brings joy to a diverse range of Kiwis and is considered an accidental cryptocurrency phenomenon that can bring a smile to New Zealanders faces.
Additionally, Dogecoin is a decentralized, peer-to-peer digital currency that uses blockchain technology. This technology relies on a network of computers, called nodes, to maintain a secure public ledger of transactions.
Dogecoin is open-source, anyone can access and contribute to its codebase.
What is the History of Dogecoin in NZ?
Back in late 2013, Billy Markus and Jackson Palmer created Dogecoin as a joke. They felt that the crypto industry was becoming too serious and wanted to inject some fun into it.
Jackson was responsible for creating the Dogecoin.com website and became the public face of the currency, while Billy worked alone on the first four releases as a developer.
How does Dogecoin work in NZ?
While the idea of magic and memes may be entertaining, it is important to recognise that at its core, Dogecoin is a legitimate form of cryptocurrency in New Zealand.
Similar to other widely-used cryptocurrencies, Doge utilizes blockchain technology. However, what sets Dogecoin apart is its low transaction fees and fast processing times.
Compared to other currencies like Bitcoin and Ethereum sending Dogecoin incurs minimal fees and transactions are typically confirmed at a faster rate.
Best Dogecoin Wallets NZ
Best Dogecoin Wallet for security
Trezor Model T
Purchase Cost: $219
Cloud Storage: No
Cold Storage: Yes
At Cryptocurrency NZ, we endorse the Model T as our preferred hardware wallet for several reasons, with security being at the forefront. The Model T offers robust security features, including offline storage of private keys and the availability of a physical security key, which provides an extra layer of protection against threats.
Pros of Trezor Model T:
✔️ Versatile Crypto Support: Trezor stands out for its compatibility with a array of currencies, enabling users to store multiple assets in one wallet.
✔️ Available Touch Screen: The presence of a touch screen on certain models of Trezor enhances user interaction and navigation. This feature contributes to a more intuitive and user-friendly experience.
✔️ Highly Secure: Trezor is renowned for its robust security measures. By storing private keys offline in the hardware wallet, it provides optimal protection against online threats such as phishing attacks and malware.
Cons of Trezor Model T:
❌ Security key exclusive to Model T: While the Trezor Model T offers the added security of a physical security key, other Trezor models lack this feature.
❌ Relatively High Cost: Compared to some software wallets, Trezor hardware wallets are relatively more expensive. The investment in hardware security might deter budget-conscious users or those with smaller crypto holdings.
❌ Not Beginner-Friendly: Trezor’s advanced security features and configuration options may overwhelm beginners new to crypto. The setup process to operate the hardware wallet effectively may require some technical knowledge.
The Trezor Model T Wallet is a cutting-edge hardware wallet designed to provide top-notch security for managing cryptocurrency assets. With its sleek design and user-friendly touch screen, the Model T stands out as a versatile solution.
One of its distinguishing features is the availability of a security key, which further enhances the protection of your private keys and sensitive information. This hardware-based security approach significantly reduces the risk of unauthorized access. For New Zealanders seeking a secure and efficient way to safeguard their digital assets, such as their Bitcoin the Trezor Model T Wallet is an excellent choice.
To learn more about the features and benefits of Trezor Wallet, we recommend checking out our comprehensive guide, “What is Trezor Hardware Wallet NZ.“
Best Dogecoin wallet for beginners
Exodus Desktop
Purchase Cost: Free
Cloud Storage: Yes
Cold Storage: Yes
Cryptocurrency NZ Chooses Exodus as the best Dogecoin wallet for beginners due to its exceptional features. Being a free wallet, it offers an accessible entry point for newcomers. Additionally, Exodus provides great customer support.
Pros Of Exodus Wallet:
✔️ Built-in Exchange: Exodus offers the convenience of a built-in exchange, allowing users to easily trade between supported cryptocurrencies without leaving the wallet interface.
✔️ Good Customer Support: With responsive and helpful customer support, Exodus ensures that users receive assistance promptly, enhancing their overall wallet experience.
✔️ Easy Setup Process: Exodus boasts a user-friendly and straightforward setup process, making it an ideal choice for beginners entering the world of cryptocurrency.
Cons Of Exodus Wallet :
- ❌ Closed Source Software: The closed-source nature of Exodus’s software may raise concerns for security-conscious users, as they have limited visibility into the codebase and potential vulnerabilities.
- ❌ Lacks 2FA Security Protection: Unfortunately, Exodus currently lacks Two-Factor Authentication (2FA), which is an additional layer of security desired by some users to protect their accounts from unauthorized access.
Exodus is a user-friendly desktop and mobile wallet known for its straightforward interface and built-in exchange. With the ability to swap between over 250 cryptocurrencies, it offers great versatility for users. Beginners appreciate its simplicity and excellent customer support, making it an ideal entry point into the world of crypto.
However, more advanced users might find it lacking due to its closed-source nature, raising potential security concerns. Despite this, Exodus allows custom fee settings and ensures prompt transaction completion, adding to its appeal for users seeking cost-effective and efficient transactions.
For more in-depth information about Exodus Wallet, Cryptocurrency NZ recommend checking out our comprehensive “What is Exodus Wallet NZ” guide.
