Compare 7 best crypto brokers in New Zealand 2024

Find our expert picks, guidance, and a ranking of the best crypto brokers in New Zealand today.
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Updated: Feb 13, 2024
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Trade your favourite markets with our top-rated broker, Plus500.

CFD service. 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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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

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  1. Plus500: Best for international CFD trading*
  2. Bybit: Best crypto exchange for derivatives & margin trading
  3. Binance: Best crypto platform for trading altcoins
  4. Bitstamp: Best for professionals & trading with APIs
  5. Uphold: Best for building long term wealth
  6. eToro: Best for beginners, copy-trading & demo-account
  7. KuCoin: Best social trading altcoin exchange

What are the best crypto brokers in New Zealand?

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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.

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1
Min. Deposit
$ 100
Best offer
User Score
10
CFDs on BTC, ETH, LTC, NEO, XRP, IOTA, EOS, BAB, ADA, TRX, XMR
No need to open a crypto exchange account or use a special wallet
Regulated Broker - FCA, ASIC, CySEC (license number 250/14)
Start Trading
Payment Methods:
American Express, Apple Pay, Bank Transfer, Credit Card, Debit Card, Discover, Google Pay, Mastercard, PayPal, SEPA, Trustly, Visa, , skrill
Full Regulations:
ASIC, FCA, FSA, MAS, cysec-250-14-regulator, isa-regulator

CFD service. 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.

2
Min. Deposit
$ 0
Best offer
User Score
9.8
Wide range of derivative products, including futures, options, and perpetual contracts, catering to traders looking for diverse trading strategies.
Robust security protocols, including Proof of Reserves, two-factor authentication, crypto insurance, and regular security audits, ensuring the safety of user assets.
Provides up to 10x leverage for almost every asset, appealing to traders seeking amplified returns.
Start Trading
Payment Methods:
Bank Transfer, Mastercard, PayPal, Visa, Wire Transfer
Full Regulations:
Bybit’s trading involves significant risk and is not suitable for all investors; please ensure you understand the risks involved, as you could lose all your invested capital.
3
Min. Deposit
$ 1
Best offer
User Score
9.6
Offers trading for over 180 cryptocurrencies, making it one of the exchanges with the broadest selection of tradable assets
Binance provides a cost-efficient trading experience, with a maximum fee of 0.1% for makers and takers
Supports advanced trading features, including futures trading with up to 125x leverage and margin trading with up to 3x leverage
Start Trading
Payment Methods:
Banxa, Credit Card, Cryptocurrencies, Debit Card, Mastercard, Simplex, Visa
Full Regulations:
Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong

Top 7 crypto brokers in NZ, reviewed

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1. Plus500. Best for international CFD trading*

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From 2%

Fees

$100

Minimum deposit

3,000

No. assets

Yes

Demo/virtual account

Pros & Cons

Can get a free demo account A great mobile platform Well regulated in multiple jurisdictions 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

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 make a trade. Its technology driven platform gives access to over 2800 instruments, including CFDs on stocks, forex, commodities, and cryptocurrencies among several others.

Plus500 has something for all types of traders, no matter what level of experience. It’s zero commission and tight spreads make it a top choice for day traders and its trading academy is packed with educational content, perfect for beginners just starting. 

For accurate instrument availability, visit plus500.com.

The fees: There are no commission fees on any trades with Plus500 and it makes it money through the Bid/Ask spread. Spread starts from 0.01% or 0.9 pips and varies depending on the instrument. Additional fees include overnight funding which is dependant on trade size and guaranteed stop orders, which add a minimum of 10% to the spread. There is an inactivity charge of £10 per month for accounts not logged in for three months. 

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

Highlights

Visit Plus500 Plus500 Review

CFD service. 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.

2. Bybit: Best crypto exchange for derivatives & margin trading

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bybit_logo

...

Fees

...

Minimum deposit

20

No. assets

No

Demo/virtual account

Overview

We love Bybit because it offers a range of advanced trading tools and competitive rates on crypto derivatives. It’s a rapidly growing crypto exchange, perfect for experienced traders looking for leveraged trading opportunities.

Boasting a wide range of crypto products, from buying and selling to staking and borrowing, Bybit is at the forefront of the next generation of crypto services, shaking up the traditional financial system and offering different ways to put your crypto to good use.

Bybit is primarily designed for more advanced traders, with integrated charts from TradingView that allow for extensive technical analysis across 100+ indicators. It’s highly secure, too, with regulatory approval in Europe and the Middle East, and it offers a comprehensive service to users around the world (except the US).

The fees: Fees are charged through a maker and taker system, so that there are cheaper fees to those who provide liquidity. ByBit’s fees start from 0.020% for makers and 0.055% for takers, which are highly competitive and match them up to any of the big players in the exchange game.

Highlights

Visit Bybit Bybit Review

3. Binance. Best crypto platform for trading altcoins

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0.1%

Fees

...

Minimum deposit

400

No. assets

Yes

Demo/virtual account

Pros & Cons

Supports the trading and storage of over 360 coins Offers multiple trading pairs (BTC, ETH, BNB, and USDT) High maximum daily withdrawal limit Available globally Low trading fees, particularly when using BNB (Binance Coin)
Occasionally slow customer support Centralised, rather than decentralised

Overview

We love Binance because it’s the largest crypto platform in the world. More than 30 million people use Binance to trade 400+ cryptocurrencies. Binance also offers a range of other services, such as staking, crypto loans, and derivatives markets such as futures and options.

The Binance app is designed to appeal to everyone, regardless of your experience. The ‘Lite’ version slims everything down to the basics, while the regular app is one of the most advanced crypto trading platforms out there. 

The fees: There are no fees for trading Bitcoin. All other cryptocurrency spot trades come with a 0.1% fee. If you own Binance coin (BNB), you receive a 25% discount on all trading fees. Binance does not charge deposit fees but withdrawal fees are variable depending on the crypto.

Highlights

Visit Binance Binance Review

4. Bitstamp. Best for professionals & trading with APIs

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...

Fees

...

Minimum deposit

...

No. assets

No

Demo/virtual account

Pros & Cons

Low trading fees and no spreads Supports multiple fiat currencies Regulated platform
Limited number of coins available Major fees on deposits and withdrawals Liquidity has suffered due to the limited selection of coins and most liquidity is concentrated in top names like Bitcoin and Ether

Overview

We love Bitstamp because it has a proud reputation for top performance over more than decade. Bitstamp offers trading on 75+ cryptocurrencies, including Bitcoin, Ethereum, and Litecoin, while staking is available on Ethereum and Algorand. 

Bitstamp was one of the first crypto platforms to set up shop in 2011 and has built up trust since. It’s designed with institutional traders in mind, so it prides itself on near 100% uptime. It stores 95% of assets in cold storage and offers a sliding scale of fees so that high volume traders get the best rates.

The fees: There are no trading fees if you trade less than $1,000 in a rolling 30-day period. Above that, fees start from 0.4% and decline the higher your trading volume is. There is a 15% charge for staking. Withdrawals are charged a flat €3 fee.

Highlights

Visit Bitstamp Bitstamp Review

5. Uphold. Best for building long term wealth

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$0.99

Fees

...

Minimum deposit

300

No. assets

Yes

Demo/virtual account

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

Overview

We love Uphold because it’s a regulated and transparent digital asset platform. There are 160+ cryptocurrencies available to hold and trade, along with three fiat currencies; GBP, EUR, and USD. 

Uphold’s key features include the ability to schedule transactions to avoid trying to time the market. With a focus on long term wealth building, Uphold also offers the ability to earn rewards of up to 25% on staked crypto, as well as 4% cashback paid in XRP for purchases made with the Uphold card.

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

Visit Review

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

6. eToro. Best for beginners, copy-trading & demo-account

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1%

Fees

$100

Minimum deposit

4,000

No. assets

Yes

Demo/virtual account

Pros & Cons

Great for beginners, simple to set up and get started Competitive, industry-leading commissions Excellent customer service, with live chat support provided
Comparatively high fees for withdrawals and account inactivity Does not integrate with the MetaTrader platform High spreads on some assets

Overview

We love eToro because it makes it simple to trade crypto at home or on the go. If you’ve never bought cryptocurrency before, then eToro makes it simple to buy 75+ of the leading coins, including the likes of Bitcoin, Ethereum, and Dogecoin. Every crypto trade comes with a flat 1% fee, which makes it one of the cheapest crypto brokers on the market to boot.

As well as being a broker that offers lots of investor protection, eToro offers a very social trading experience. You can easily see what’s trending on the crypto market every day, browse the latest technical analysis about every one of those tokens, and copy other people’s trade suggestions from your desktop or the eToro app.

The fees: You will be charged a 1% fee every time you buy or sell crypto. The charge is included in the market price that’s displayed on eToro. CFD trades may be charged an overnight or weekend fee if you leave the position open.

Highlights

Visit eToro eToro Review

51% of retail CFD accounts lose money. Your capital is at risk.

7. KuCoin. Best social trading altcoin exchange

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...

Fees

...

Minimum deposit

...

No. assets

No

Demo/virtual account

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.

Overview

We love KuCoin because it;s a great place for beginners to trade more than 700 altcoins. KuCoin is a social trading platform with 20+ million investors worldwide in 200+ countries.

KuCoin’s beginner zone offers up rewards up to $500 for new users. The rest of the platform has plenty of features for the crypto enthusiast: a staking service to earn money on your stored crypto, an NFT marketplace, and margin trading features to buy leveraged tokens.

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

Visit KuCoin KuCoin Review

What is a cryptocurrency broker?

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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?

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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?

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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?

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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.
Choose a Kiwi crypto broker

Quick answers to key questions

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

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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?

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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?

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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?

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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?

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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?

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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?

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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.

Choose a reliable broker

Should I buy cryptocurrency now?

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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

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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.

FAQs

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Do I have to pay capital gains tax on the profits on money I make on crypto in NZ?
Are the top NZ cryptocurrency trading platforms anonymous?
Can I swap different cryptocurrencies for each other using a Bitcoin broker?


Fact-checking & references
Risk disclaimer
Prash Raval
Financial Writer

Prash is a financial writer for Invezz covering FX, the stock market and investing. For over a decade he has traded spot FX full time while... read more.