Compare 7 best crypto brokers in New Zealand 2025

Trade your favourite markets with our top-rated broker, Plus500.

Plus500 4.5/5

Buy or sell CFDs with Plus500. 82％ of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money

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Buy or sell CFDs with Plus500. 82％ of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money

Our team, armed with extensive cryptocurrency knowledge based on years of experience trading both digital and traditional financial assets, rigorously test the leading crypto brokers to bring you an informed ranking of the finest available today.

This guide, tailored for beginners, provides a simple ranking based on our research, combined with expert advice on how to find the right crypto broker in New Zealand for you. We highlight top-performing platforms and illustrate how your trading preferences determine the ideal Bitcoin broker for you.

Top New Zealand cryptocurrency brokers overall for 2024

What are the best crypto brokers in New Zealand?

Our experts have carefully evaluated and ranked these brokers as the premier choices for crypto trading today. Follow our links in the provided table to sign up, or continue reading to delve deeper into each platform’s unique strengths.

4.5

Plus500

Min. Deposit $100

Fees From 2%

No. assets 2800+

Demo account Yes

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Plus500 review

This information is NOT relevant to EU residents who are to be serviced by EU subsidiaries of the Plus500 Group, such as Plus500CY Ltd, authorized by CySEC (Reg. 250/14). Different regulatory requirements apply in Europe, such as leverage limitations and bonus restrictions.

4.2

Coinbase

Min. Deposit $10

Fees Up to 0.6%

No. assets 150+

Demo account No

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Coinbase review

3.9

Kraken

Min. Deposit $10

Fees 0.10% - 0.26%

No. assets 90+

Demo account Yes

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Kraken review

Top 7 crypto brokers in NZ, reviewed

1. Plus500. Best for international trading*

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4.5

Ratings

$100

Min. deposit

From 0.08%

Fees

2,800

No. assets

Yes

Demo account

Overview

We love Plus500 because it is one of the industry’s most transparent and reliable brokers. Its fees are clear and you’ll know exactly what you will be paying before you trade. Its technology driven platform gives access to futures for the two biggest cryptos, Bitcoin and Ethereum. 

Plus500 has something for all types of crypto trader, no matter what level of experience. Its low margin requirements of $20 for Ether and $100 for Bitcoin make it a top choice for day traders. At the same time, its trading academy is packed with educational content, perfect for beginners just starting. 

For accurate instrument availability, visit plus500.com.

The fees: Plus500 charges a commission of $0.49 per Micro contract and $0.89 per Standard contract (per side). There is an Auto-Liquidation fee of $10 per contract. Other exchange fees may be applicable and can be found on the CME group website. 

*Based on a comparison of 60+ leading brokers and trading platforms.

Highlights

No. of tradable assets	2800+
Min. Deposit	$100
ID verification required	Yes
Free demo account	Yes
Supported assets	Stock CFDs, ETF CFDs, Forex CFDs, Crypto CFDs, Index CFDs, Commodity CFDs
Mobile trading app	Yes
Web trading platform	Yes
Regulatory bodies	FSA, ASIC, FMA, FCA, CySEC

Fees & Costs

Trading fees	No
Inactivity fees	Yes
Rollover/overnight fees	Yes
Withdrawal fees	No
Spreads	Yes
Conversion fees	Yes

Pros & Cons

Free demo account for every user Secure broker, licensed by top-tier regulators Wide variety of CFDs to trade Several good risk management tools

No support on trading information and education Website isn’t brilliantly designed to help users find answers to their questions No MetaTrader trading platform compatibility

Read review Visit Plus500

This information is NOT relevant to EU residents who are to be serviced by EU subsidiaries of the Plus500 Group, such as Plus500CY Ltd, authorized by CySEC (Reg. 250/14). Different regulatory requirements apply in Europe, such as leverage limitations and bonus restrictions.

2. Coinbase. Best secure trading platform for all types of trader

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4

Ratings

$10

Min. deposit

Up to 0.6%

Fees

200

No. assets

No

Demo account

Overview

We love Coinbase because it’s the leading public crypto platform. Coinbase offers more than 170 cryptocurrencies to trade, a secure wallet to store your coins in, and automatic staking rewards on 10+ cryptos through Coinbase Earn.

Coinbase’s user-friendly platform simplifies the buying, selling, and trading processes, making it one of the top crypto exchanges for all levels of trader. But, Coinbase isn’t just an easy to use platform, it’s one of the safest and most secure. 

A public company brings transparency and renown, so you can trust that any money on Coinbase is safe and you’re sharing the platform with over 100 million other users. It stores 98% of customer assets offline in cold storage, minimizing the risk of theft. There is also insurance on all cash balances up to $250,000

The fees: Trading fees start from 0.6% but reduce the higher your trading volume. Bank transfer deposits and withdrawals are free, other payment methods may be charged. There is no fee for wallet-to-wallet crypto transactions but you will have to pay blockchain fees. Coinbase charges a 25% fee for its staking services.

Highlights

No. of tradable assets	150+
Min. Deposit	$10
ID verification required	Yes
Free demo account	No
Supported assets	Crypto, NFTs
Mobile trading app	Yes
Web trading platform	Yes
Regulatory bodies	FSA, FCA, NFA

Fees & Costs

Trading fees	Yes
Inactivity fees	No
Rollover/overnight fees	No
Withdrawal fees	Yes
Spreads	Yes
Conversion fees	Yes

Pros & Cons

Simple and easy to use interface Able to buy cryptocurrencies instantly with a credit or debit card Offers great security on its wallet Can use a variety of payment methods

Quite high fees for credit and debit card instant buys Poor customer support

Read review Visit Coinbase

3. Kraken: Best for simple, global cryptocurrency trading from your phone

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3.5

Ratings

$10

Min. deposit

0.10% - 0.26% (volume dependent)

Fees

90

No. assets

Yes

Demo account

Overview

We love Kraken because it’s a beginner-friendly crypto trading platform, one that’s designed to make it quick and convenient to buy and sell crypto on the go. The Kraken mobile app provides access to over 200 cryptocurrencies making it one of the most diverse platforms around. 

With an intuitive interface and many advanced features, the Kraken crypto app is suitable for those just starting, or experienced traders wanting to enhance their trading experience. The Kraken mobile app caters to different trading styles and preferences with spot, margin, and futures all available. 

Kraken’s mobile app also supports up to 5:1 leverage allowing you to amplify your position and potentially increase your returns. With such a wide selection of tokens available and a solid range of features and tools, the Kraken app is one of the top cryptocurrency trading platforms while on the go. 

The fees: Kraken charges a fee of between 0-0.26% on every crypto trade. There are no costs to set up an account and no flat trading fees.

Highlights

No. of tradable assets	200+
Min. Deposit	£10
ID verification required	Yes
Free demo account	Yes
Supported assets	Crypto, NFTs
Mobile trading app	Yes
Web trading platform	Yes
Regulatory bodies	FSA, AUSTRAC, FCA, MiFID II, FinCEN, FINTRAC

Fees & Costs

Trading fees	Yes
Inactivity fees	No
Rollover/overnight fees	No
Withdrawal fees	No
Spreads	Yes
Conversion fees	Yes

Pros & Cons

Cheap/ free deposits in EUR and cheap deposits for the USA Margin trading and Futures supported Transparency - it was the first exchange to carry out proof of reserves Low fees in comparison to other exchanges

Catered towards professional traders with large trading volumes Slow account verification in comparison to other brokers

Read review Visit Kraken

4. Uphold. Best for building long term wealth

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4

Ratings

$1

Min. deposit

$0.99

Fees

300

No. assets

Yes

Demo account

Overview

We love Uphold because it’s a regulated and transparent digital asset platform. Uphold is an excellent platform for discovering important new tokens early, making it ideal for investors looking to get in on the ground floor of emerging cryptocurrencies. 

Uphold offers a broad selection of coins, with over 250 tokens available catering to both seasoned and novice crypto traders. The platform regularly adds new assets allowing users to invest in promising projects before they gain mainstream attention. 

Uphold isn’t just a platform for investing early. One of the main advantages of using Uphold is its transparent and competitive fee structure. The platform does not charge for deposits or withdrawals, and trading fees are clearly stated. You can also trade between different asset classes including fiat currencies. 

The fees: Crypto spreads start from 0.9% and are usually lower than 1.3% for BTC and ETH. Other cryptocurrency spreads are higher. Average spreads on fiat currency are 0.2%. There is a $0.99 fee for transactions under $100 made with the Uphold card.

Highlights

No. of tradable assets	250+
Min. Deposit	$1
ID verification required	Yes
Free demo account	Yes
Supported assets	Crypto, Commodities,
Mobile trading app	Yes
Web trading platform	Yes
Regulatory bodies	FSA, FinCEN

Fees & Costs

Trading fees	No
Inactivity fees	No
Rollover/overnight fees	Yes
Withdrawal fees	No
Spreads	Yes
Conversion fees	Yes

Pros & Cons

Wide range of cryptocurrencies available Zero deposit and withdrawal fees Crypto wallets to store your coins Low minimum deposits and fast account set up

Spreads can be high for some cryptocurrencies Services vary depending on region Customer support is limited

Read review Visit

Terms Apply. Cryptoassets are highly volatile. Your capital is at risk.

5. Eightcap. Best online broker for choice of trading platform

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4.5

Ratings

$100

Min. deposit

Up to $3.5 RT

Fees

800

No. assets

Yes

Demo account

Overview

We love Eightcap because you have several trading platforms to choose from. You can choose between MetaTrader 4, MetaTrader 5, and TradingView. All of these platforms are favourites among retail traders. With the MetaTrade suite of platforms, you can access lots of technical indicators, custom tools, and expert advisors. 

TradingView with Eightcap allows you to trade directly from your charts while accessing the hundreds of tools and features available. Eightcap a selection of over 200 crypto CFDs so there’s an excellent range to choose from. You can trade the biggest coins like BTC/USD and many altcoins like DOGE/USD.  

The fees: Eightcap is a CFD broker and charges spread, commissions, or a combination of both. There are two account types available, RAW, and Standard. The RAW account has ultra-low spreads starting from 0.0 pips but charges $3.5 RT per lot. The standard account is commission-free for most assets and spreads start from 1 pip.

Highlights

No. of tradable assets	800+
Min. Deposit	$100
ID verification required	Yes
Free demo account	Yes
Supported assets	Stocks, Crypto, Commodities, , Indices
Mobile trading app	Yes
Web trading platform	Yes
Regulatory bodies	ASIC, FCA, CySEC

Fees & Costs

Trading fees	Yes
Inactivity fees	No
Rollover/overnight fees	Yes, on certain assets
Withdrawal fees	Yes, for certain payment methods
Spreads	Yes
Conversion fees	Yes, currency dependent

Pros & Cons

Low trading fees for CFDs Trade directly from the TradingView platform Regulated by top-tier authorities Leverage up to 1:500 Partnered with multiple proprietary trading firms

Some markets are not available to all regions Customer support does not operate 24/7

Read review Visit Eightcap

74-89% of retail CFD accounts lose money

6. AvaTrade. Best regulated broker for secure trading

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4

Ratings

$100

Min. deposit

From 0.13%

Fees

1,300

No. assets

Yes

Demo account

Overview

We love AvaTrade because it is a reliable CFD broker, that gives users access to a wide range of markets. As a CFD broker, AvaTrade lets you speculate on the price movements of various crypto markets without owning the underlying assets. AvaTrade is a multi asset brokerage firm and includes CFDs on many of the biggest cryptos including Bitcoin, Ethereum, Dogecoin, and more. 

AvaTrade is also highly regarded for its strong regulatory framework and commitment to security. AvaTrade is regulated in multiple jurisdictions, including Europe, Australia, Japan, South Africa, and the British Virgin Islands, which means it must adhere to stringent regulatory standards across the world. 

AvaTrade isn’t just well regulated, it also employs advanced security measures to protect client funds and personal information, including segregated accounts and robust encryption technology. 

The fees: There is no commission on any trading. AvaTrade makes money from the Bid/Ask spread instead. Crypto spreads start from 0.13%. Positions left overnight are charged a swap fee that varies depending on size. An inactivity fee of £/€/$50 per month is applicable if you don’t log in to your account for three consecutive months.

Highlights

No. of tradable assets	1250+
Min. Deposit	$100
ID verification required	Yes
Free demo account	Yes
Supported assets	Stocks, Stock CFDs, ETF CFDs, Forex CFDs, Crypto CFDs, Commodity CFDs, Index CFDs
Mobile trading app	Yes
Web trading platform	Yes
Regulatory bodies	FSCA, FSA, ASIC, CBI, MiFID, CySEC, BVIFSC, FRSA

Fees & Costs

Trading fees	No
Inactivity fees	Yes
Rollover/overnight fees	Yes
Withdrawal fees	No
Spreads	Yes
Conversion fees	No

Pros & Cons

Trade 1000+ CFDs with competitive spreads Regulated by Tier 1 financial bodies across the world Consistently highly rated trading platform on web and mobile Offers social trading through its proprietary AvaSocial platform

Spreads are competitive without being industry-leading Some assets are only available to trade through the MetaTrader software

Read review Visit AvaTrade

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 71% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

7. KuCoin. Best social trading altcoin exchange

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4

Ratings

$-

Min. deposit

...

Fees

-

No. assets

No

Demo account

Overview

We love KuCoin because it’s a great place for beginners to trade more than 700 altcoins. Kucoin offers a vast range of cryptocurrencies including all the big names like Bitcoin and Ethereum, together with hundreds of altcoins and newly released tokens. 

The exchange gives you multiple ways to trade and invest in crypto, including spot trading, futures trading, margin trading, and staking. This choice allows you to choose the method that best suits your trading strategies and risk tolerance. 

Kucoin is a top platform for both beginners and experienced traders. Its intuitive interface is easy to get to grips with and its advanced trading features mean even high volume traders can make use of it. Kucoin also offers an earn feature, where you can generate passive income through staking and lending, making it one of the best all round crypto exchanges. 

The fees: Trading fees are charged on a sliding scale. Fees are 0.1% on trading volumes below 50 BTC in a 30 day period. Discounts are available if you pay fees in KCS or store more than 1000 KCS in your account.

Highlights

No. of tradable assets
Min. Deposit
ID verification required	No
Free demo account	No
Supported assets
Mobile trading app	No
Web trading platform	No
Regulatory bodies

Pros & Cons

Anonymous trading with up to 2 BTC withdrawals/24 hours Wide variety of cryptocurrencies No deposit fees

Low trading volumes not suitable for big traders Doesn’t support U.S. customers You might experience delays and lags during high-traffic times.

Read review Visit KuCoin

What is a cryptocurrency broker?

A crypto broker is an online platform that allows you to buy and sell crypto. They typically charge fees for their services, which can vary based on the type of transaction, the volume of trade, and other factors.

Cryptocurrency brokers offer digital currencies for sale at set prices. They are user-friendly and ideal for beginners or those with little prior crypto trading experience.

In New Zealand, you can trade cryptocurrencies directly, or via CFDs. However, any broker offering these features is considered to be a financial services company and must comply with FMA regulations. 

How does a crypto broker work?

At their core, a Bitcoin broker matches buyers with sellers to execute trades. It may directly participate in transactions or simply enable peer-to-peer trading in an open market. 

Like a currency exchange at an airport, brokers typically set coin prices themselves at a little above the market rate and include fees for this service. This is the cost of convenience. In exchange, you get the ability to buy and sell crypto almost instantly, with little prior experience required.

How do I use a Bitcoin broker?

To use a Bitcoin broker, simply register, deposit funds, and purchase coins at the listed prices. This process is intuitive and it only takes a few minutes to create your account and start buying crypto.

Most crypto brokers in New Zealand require you to make a minimum deposit and provide some form of ID in order to set up your account. However, that minimum deposit can be quite low, as little as NZ$10, and a copy of your passport or driving licence should suffice as ID.

From there, you search for the crypto you want to buy, fill out a simple order form, and place your order.

What should I look for in a crypto broker?

When selecting a crypto broker, especially for Kiwi users in New Zealand, there are several important factors to consider. Here’s what to look for:

• Regulatory compliance. Ensure the broker is regulated by a reputable authority, like the Financial Market Authority (FMA) in New Zealand. Regulation provides a level of security and indicates that the broker adheres to certain standards of operation and customer protection.
• Security measures. Investigate the security protocols the broker has in place to protect your funds and personal information. This includes two-factor authentication, encryption methods, and how they store client funds.
• Fees and costs. Understand the fee structure, including any trading fees, withdrawal fees, and potential hidden costs. Compare fees across different brokers to ensure you get a fair deal.
• User interface and experience. The platform should be user-friendly and intuitive, especially for beginners. A confusing interface can lead to mistakes and a frustrating trading experience.
• Range of cryptocurrencies. Consider the variety of cryptocurrencies offered. If you’re interested in trading beyond the major cryptocurrencies like Bitcoin and Ethereum, look for a broker that offers a wider range of altcoins.
• Payment methods. Check what payment methods are accepted for deposits and withdrawals. Ensure they offer methods that are convenient and cost-effective for you – if you want to buy Bitcoin with PayPal, make sure to sign up with a broker that lets you do so!
• Trading tools and resources. For more experienced traders, tools such as charting options, analytical tools, and access to market news can be very beneficial. Educational resources are also valuable for both beginners and experienced traders.
• Reputation and reviews. Research the broker’s reputation. Read user reviews and testimonials to get an idea of the broker’s reliability and service quality.

Quick answers to key questions

Do Kiwi cryptocurrency brokers charge commissions or fees for buying crypto in  NZ?

Yes, NZ cryptocurrency brokers typically charge commissions or fees for buying cryptocurrencies. These fees can vary between platforms and might be presented in different forms, but tend to be about 1-2% of the total cost of the trade.

Some brokers may include the fees within the quoted price of the cryptocurrency, while others might charge a separate commission per trade. The structure of these fees can include a combination of fixed commissions, variable spreads, or a percentage of the trade value.

Do I have to verify my identity with a cryptocurrency broker NZ?

Yes, identity verification is a standard requirement when registering with a cryptocurrency broker in NZ. This is in line with the Know Your Customer (KYC) regulations and anti-money laundering laws. 

You typically need to provide a form of photo identification, such as a passport or driving licence, and possibly additional documentation to verify your address and identity.

Can I buy multiple cryptocurrencies through a broker?

Yes, you can usually buy multiple cryptocurrencies through Kiwi brokers. The range of available cryptocurrencies can vary from broker to broker. While nearly all brokers will offer major cryptocurrencies like Bitcoin and Ethereum, the availability of less common or newer altcoins might differ among platforms.

Do I need a wallet to use a crypto broker?

Not necessarily. Many New Zealand crypto brokers allow you to hold your cryptocurrencies within your account on their platform, which can act as a wallet. 

However, for long-term holding or for added security, it’s often recommended to transfer your cryptocurrencies to a private wallet, especially a hardware wallet, which offers enhanced security.

The best crypto wallets are available everywhere, regardless of your place of residence. A platform like MetaMask is an ideal, convenient wallet for most beginners.

Do the best cryptocurrency brokers have mobile apps?

Yes, the best cryptocurrency brokers in NZ typically offer mobile apps. These apps are available for iOS and Android devices and are designed to provide a seamless trading experience. 

They should offer the same functionalities as their web counterparts, allowing for convenient trading and account management on the go.

Can I trade cryptocurrency CFDs with an online broker?

Yes, you can trade cryptocurrency CFDs in New Zealand. Any brokerage company offering contract for differences (CFD) trading must comply with the rules and regulations set by the Financial Market Authority in New Zealand. 

Should I use a NZ crypto broker to buy and sell cryptocurrency?

Whether you should use a NZ crypto broker to buy and sell cryptocurrency largely depends on your specific needs and circumstances. Crypto brokers in NZ are ideal for beginners, as they offer an intuitive way to buy crypto without putting up a lot of money to start with.

Many of these platforms offer demo accounts, so you can try out the service for free before risking any of your own money. NZ brokers are also regulated under NZ laws which can offer a degree of security and investor protection that you may not find with an NZ crypto exchange.

However, it’s important to balance these factors with your individual trading goals, the specific features and costs of the broker, and your comfort level with their platform and services. Always conduct thorough research and due diligence before choosing a broker.

Should I buy cryptocurrency now?

Deciding whether to buy cryptocurrency now is a decision that depends on various personal factors and market conditions. Consider your investment goals and time horizon. Are you looking for short-term gains, or are you planning to invest long-term? 

Cryptocurrencies can be a high-risk investment, so it’s important to align them with your risk tolerance and investment strategy. It’s important to research and understand the factors that influence price fluctuations.

Many successful cryptocurrency investors take a long-term perspective, focusing on the potential of blockchain technology and the value it may bring over time. Predicting the perfect time to invest in cryptocurrencies is challenging. Strategies like dollar-cost averaging mitigate the risks associated with timing the market.

In summary, the decision to buy cryptocurrency should be made based on thorough research, a clear understanding of the market, your personal financial situation, and your willingness to accept the risks involved. It’s important to approach cryptocurrency investment with caution and to be prepared for the possibility of significant price fluctuations.

Methodology: How we chose the best cryptocurrency brokers

Helping people make better financial decisions is at the heart of our mission at Invezz. 

We periodically test more than 63 crypto brokers to provide our users with clear, accessible guidance on the investing options available. All testing is carried out by our panel of crypto experts, analysts, and active traders who sign up to each brokerage, conduct research, and score each service.

Our tests are designed to find crypto brokers that offer a beginner-friendly, secure investing experience at a fair price. To supplement our practical testing and experience, we research each brokerage to gather any further relevant information. We read online customer reviews, app reviews on the Play Store and App Store, and conduct user surveys to get feedback from real people about what works, and what doesn’t.

Each crypto platform is awarded a final score based on 130+ data points across 8 ranking categories: cost, reliability, user experience, deposit & withdrawals, investing options, range of products/markets, research & analysis tools, and the availability of educational & learning resources.

We work closely with individual crypto brands to ensure all factual information displayed here is accurate. All data is then fact-checked by an independent reviewer. You can learn more about our expert panel and how we test, rate, and review platforms in our review process.

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