Top 7 best crypto exchanges in New Zealand for 2024

Our panel of crypto analysts, experts, and traders periodically test 50+ leading exchange services to find the best crypto exchange in NZ.
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Updated: May 9, 2024
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To create this list our expert panel performs a series of tests to identify the strengths and weaknesses of the best cryptocurrency exchanges. The tests include creating an account, placing trades, and transferring money to a secure crypto wallet.

We then research the specific needs of Kiwi crypto users, such as which payment methods are available, which currencies you can deposit, and the trading fees in New Zealand, and gather feedback in the form of a user review survey.

Each expert assigns a score, which is combined with the results of further research to create a final ranking to answer the question: what are the best crypto exchanges in New Zealand for Kiwi users? 

Learn more about our panel and how we rate and review platforms. Or read on to find out what is the best NZ crypto exchange.

What is the best crypto exchange NZ in 2024?

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Our expert rankings reveal that Kraken is the best cryptocurrency exchange in New Zealand.

The list below shows the three best Kiwi crypto exchanges that excelled in our tests by combining low transaction fees, high security, and ease of use.

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1
Min. Deposit
-
Best offer
User Score
9.8
Offers maximum flexibility for crypto trading strategies.
Responsive customer support through various channels, including live chat, email, and a comprehensive help center.
Wide range of trading options, including spot trading, margin trading, and futures contracts.
Start Trading
Payment Methods:
Debit Card, Credit Card, Visa, Mastercard, American Express, Apple Pay, Google Pay, Discover
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.
2
Min. Deposit
-
Best offer
User Score
9.9
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:
Bank Transfer, Debit Card, PayPal, Credit Card, Visa, Mastercard, American Express, Trustly, Apple Pay, Google Pay, Discover, Bank Transfer: SEPA, Bank Transfer: FPS, skrill
Full Regulations:
ASIC, FCA, FSA, MAS, CySEC #250/14

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.

3
Min. Deposit
-
Best offer
User Score
9.7
Trade the world’s largest Crypto derivatives offering. Choose from 250+ Crypto CFDs
Multiple funding and swift withdrawal options. Choose from PayPal and more
Ultra-low spreads across all Crypto derivatives
Start Trading
Payment Methods:
PayPal, neteller, Credit Card, Wire Transfer, Cryptocurrencies, skrill
Full Regulations:
ASIC, CySEC, FCA
74-89% of retail CFD accounts lose money

Top 7 best Kiwi crypto exchanges, reviewed

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

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0.10% - 0.26% (volume dependent)

Fees

$10

Minimum deposit

200

No. assets

Yes

Demo/virtual account

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

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. Creating an account is free, then you’re ready to make your first step, with no time-consuming verification periods.

With 200+ crypto tokens at your fingertips, a 24/7 support system, and an extensive educational platform, Kraken is the perfect place to take your first steps into crypto. It’s perfect for international traders outside the US, and is available in 190 countries around the world.

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

Visit Kraken Kraken Review

2. 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

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

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.

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

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Up to $3.5 RT

Fees

$100

Minimum deposit

800

No. assets

Yes

Demo/virtual account

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

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

Visit Eightcap Eightcap Review
74-89% of retail CFD accounts lose money

4. 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. 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

Visit Review

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

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

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Up to 0.6%

Fees

$10

Minimum deposit

200

No. assets

No

Demo/virtual account

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

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.

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. There is insurance on all cash balances up to $250,000 and the majority of assets are stored offline in cold storage.

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

Visit Coinbase Coinbase Review

6. Bitstamp. Best for professionals & trading with APIs

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Variable

Fees

$10

Minimum deposit

100

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 a decade. Thanks to its trading APIs and advanced tools, it is one of the best platforms for professional traders. Bitstamp offers excellent API support, including REST, WebSocket, and FIX protocols, allowing for easy integration with trading bots and custom software. 

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.

Bitstamp also stands out for its secure and regulated environment. The exchange is licensed in the EU and must meet strict regulatory standards, providing a trustworthy trading experience. With access to a wide range of cryptocurrencies, Bitstamp allows you to diversify your portfolio and take advantage of market opportunities. 

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

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

How to choose the best NZ crypto trading platform

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With so many options out there, you should take care of picking the right Kiwi crypto platform for you. Things like the exchange fees, storage facilities, and range of coins available should all impact your choice. 

To help you make the right decision, here are some questions to ask yourself as you research each cryptocurrency exchange.

1. How much does the exchange charge to trade?

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There can be a big difference in the trading fees charged by each crypto account. While all exchanges generally offer competitive fees, what they charge may vary widely. Taking the time to compare them can save you money. 

Trading fees are usually charged as a percentage of the trade. The best crypto exchange accounts, with low fees, will charge 1% or less of the trade amount. Some services charge a lot higher, so when it comes to paying fees, it is important to research the different platforms available.

You may also have to pay deposit and withdrawal fees. You rarely have to pay for depositing fiat currency like NZ dollars via a bank account or credit or debit card, but you may be charged a flat withdrawal fee. There’s often a significant charge for withdrawals made in crypto assets.

2. How does the exchange store customer funds?

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Crypto exchanges are available widely, but the important question is whether they are regulated in New Zealand. It’s the regulation that protects if something happens to the exchange and you lose the money you hold on there.

You want to pick a reputable exchange that safely stores its customers’ funds. The best Bitcoin exchanges in New Zealand should store your funds in segregated accounts and, ideally, in cold storage (offline). Choosing a Kiwi crypto trading account that a reputable accountancy firm has audited can give you extra peace of mind.

3. Is the platform easy to use?

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A good user experience means more than being able to navigate the website easily. Think about how you plan to trade: are you going to trade from your phone? How are you going to manage your crypto portfolio? Are you after particular analysis tools, charts, or software integrations?

Armed with that information, you can start to narrow down your shortlist by considering if the exchange suits you. For instance, if you plan to do a lot of trading on the go, you should focus on the platform offering the best crypto app in New Zealand. Advanced trading tools and things like margin trading are especially important for experienced crypto investors or traders. 

4. What is the account verification process?

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When you create an account, you’ll often be asked to supply personal details and a form of ID to verify your identity. It’s normally a prerequisite for any cryptocurrency service to be regulated in NZ.

It’s a good idea to check the verification process before signing up. That way, you can have the relevant documents to hand to create a seamless sign up process. Or, if you want to avoid supplying personal details, you can filter out the crypto trading accounts in NZ that demand verification to use them.

5. How many cryptocurrencies are available?

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You can buy Bitcoin in New Zealand through any cryptocurrency platform, but beyond that the number of available coins can vary. If you want to trade altcoins, look for other Kiwi cryptocurrency platforms with many coins and ‘crosses’, where you can swap from one crypto to another. 

6. Which currencies can you deposit?

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For most people, a crypto account is a means to transfer local fiat currencies into cryptocurrency. However, many crypto brokers in New Zealand only accept US dollar deposits, rather than NZD.

If you don’t have access to US Dollars, then it might be best to choose a large exchange like Binance or a local exchange that’s specifically designed for crypto traders in NZ and which offers NZD to crypto trading pairs.

7. Which payment methods are accepted?

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Decide how you want to pay for your crypto. If you want to fund an account using bank transfers or debit card payments, then most Kiwi crypto exchanges accept deposits via a bank transfer and you don’t need to worry.

A cryptocurrency exchange is less likely to accept alternative payment methods, like PayPal and other e-wallet services. The larger ones, such as Binance, do accept a wide variety of payment methods, but it’s still a good idea to check whether you can pay how you want before signing up.

8. Does it offer additional features, like staking or lending?

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Think about what you want to use the exchange to influence your decision. Do you want to store or stake your coins? Lend them to earn interest, or borrow crypto yourself?

You can buy crypto in New Zealand through any Kiwi crypto broker that’s regulated, but not all platforms offer all these services. You may be happy to juggle multiple logins and use different exchanges, but it’s normally easier to use one service, at least to start with.

What type of Kiwi crypto platforms are there?

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Most crypto investors use a centralised, global exchange like Binance or Coinbase. But cryptocurrency exchanges in NZ come in different forms. Here is a breakdown of the most common types:

  • Centralised. In a centralised exchange, an authority, in this case, a company, operates the service. You create an account and deposit money, and the entity holds the funds in the middle. When you make trades, they go through the central authority. The biggest crypto trading exchange, Binance, is an example of this platform type.
  • Decentralised. On decentralised exchanges, there is no central authority. Instead, buyers and sellers deal with each other directly, and the crypto trading platforms are just the mechanism for connecting them. You can’t create an account; the crypto is sent from one wallet to another when a transaction takes place
  • Peer-to-peer (P2P). A peer-to-peer exchange operates like a decentralised exchange, but a central body still acts as the intermediary. Each side in a transaction makes the payment, and the central body releases the funds as soon as both sides have sent money.

Can I buy traditional financial assets on a crypto exchange in New Zealand?

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On some platforms you can, but a better option is to sign up for a dedicated service that offers the specific assets you want to trade. The best trading platforms in NZ allow you to buy and sell stocks, while the best forex broker in New Zealand is best for currency trading. The top CFD brokers in NZ offer a mixture of all these assets.

How to buy crypto on the best Bitcoin exchange in NZ

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Follow this short guide to learn how to buy Bitcoin in New Zealand. This method is simple and is the same process whether you want to buy and sell Bitcoin, or whether you prefer to trade crypto instead. 

Step 1. Sign up to Kraken

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We recommend Kraken as the best crypto trading platform for Kiwi users.

Step 2. Create an account

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You need to supply some personal contact details, such as your name and email address, in order to set up an account. Many Kiwi crypto exchanges usually will ask for several documents when verifying your account. Some of these include a passport, driving licence, a Kiwi Access Card, utility bill, and bank statements. You will be required to pass verification before you can use your account to buy cryptocurrency in New Zealand.

Step 3. Deposit funds in your chosen currency

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Go to the bank or deposit section of your crypto trading platform account. Here, you can enter the amount you wish to deposit, choose your preferred payment method, such as a bank account, credit or debit cards, and transfer the money you want to use to buy crypto onto the exchange.

Step 4. Search your favourite crypto

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You purchase Bitcoin and other cryptocurrencies by typing the coin name or symbol in the search box. For example, to buy Bitcoin online, search for the symbol BTC. Then you enter the details of the trade. 

Step 5. Buy cryptocurrency in NZ

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Finally, to buy Bitcoin or any other crypto asset, hit the ‘buy’ or ‘trade’ button. Fill in how much cryptocurrency you want to buy, and execute the trade.

Step 6. Transfer your cryptocurrency to a crypto wallet (optional)

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Your crypto assets will show up in your exchange wallet once the trade goes through. You can leave them there or move them to a dedicated crypto wallet. 

With a wallet, you have more control over your money, but it’s a bit more inconvenient if you plan on trading regularly. You can learn more about how to find the best Bitcoin wallet in New Zealand below.

Quick answers to key questions

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Yes, cryptocurrency is legal in New Zealand. The New Zealand government has clarified that crypto is a legitimate form of payment as long as the exchange of cryptocurrency for fiat currency occurs with a registered exchange.

Is crypto regulated in NZ? 

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While cryptocurrency itself is legal, cryptocurrency exchanges and related businesses are regulated in New Zealand. The Financial Markets Authority (FMA) oversees crypto exchanges, brokers, issuers, and other financial services.

Cryptocurrency exchanges and brokers in New Zealand must register with the Department of Internal Affairs and comply with anti-money laundering and counter-terrorism (AML/CFT) regulations.

Are New Zealand crypto exchanges regulated? 

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Major cryptocurrency exchanges that operate in New Zealand must register with the FMA and meet certain standards. This includes exchanges like EasyCrypto, Independent Reserve, and BitPrime.

Any exchange trading crypto to fiat currency (NZD) must register as a financial service provider with the Financial Markets Authority and implement know-your-customer (KYC) rules.

Many of the best crypto exchanges in NZ also hold regulatory licences from various authorities. The table below includes the top three crypto platforms NZ and where they are regulated.

Region Kraken regulators Plus500 regulators Eightcap regulators
Africa FSA
Asia FSA
Australasia AUSTRAC ASIC, FMA ASIC
Europe FCA, MiFID II FCA, CySEC FCA, CySEC
International
North America FinCEN, FINTRAC
South America
View more > Kraken > Plus500 > Eightcap >

Do I have to pay tax on crypto in New Zealand? 

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Yes, you must pay taxes on cryptocurrency profits and income in New Zealand. Cryptocurrencies are treated as an asset, in the same way a stock would be, and subject to capital gains tax when sold at a profit. If you sell crypto at a loss, it can be claimed as a tax deduction. You may also need to pay income tax if you receive crypto from your employer, business, or other sources.

How much does it cost to buy Bitcoin in NZ?

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The amount it costs to buy Bitcoin in New Zealand varies depending on the exchange or platform you use. There are many different types of fees that apply when you buy BTC in NZ. Below are a few of the most common trading fees for buying crypto in New Zealand.

Fee Kraken fees Plus500 fees Eightcap fees
Trading fees Yes No Yes
Inactivity fees No Yes No
Rollover/overnight fees No Yes Yes, on certain assets
Withdrawal fees No No Yes, for certain payment methods
Spreads Yes Yes Yes
Conversion fees Yes Yes Yes, currency dependent
View more > Kraken > Plus500 > Eightcap >

In addition to the fees above, you will also have to pay a spread, which is the difference between the buy and sell price of Bitcoin and other cryptos. Spreads are different with all crypto exchanges and you can use the information below to compare the BTC spread at some of New Zealand’s best crypto brokers.

Product Kraken spreads Plus500 spreads Eightcap spreads
Cryptocurrencies Variable
NFTs Variable
View all tradable assets > Kraken > Plus500 > Eightcap >

Can I deposit using NZD to a cryptocurrency account? 

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It is possible to deposit New Zealand dollars (NZD) directly to a cryptocurrency exchange based in New Zealand. Many exchanges like EasyCrypto and Independent Reserve support NZD deposits through local bank transfers. This makes it easy to buy crypto using fiat currency in New Zealand.

Are NZD trading pairs available on New Zealand crypto platforms?

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Popular cryptocurrency exchanges in New Zealand offer NZD trading pairs. For example, you can trade coins like Bitcoin and Ethereum directly against fiat currencies like the NZD without first converting to a stablecoin like USDT. Having NZD trading pairs available makes crypto trading simpler for NZ residents.

Can I trade crypto with leverage in New Zealand?

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Yes, many of New Zealand’s leading crypto exchanges offer the ability to trade on margin with leverage. This means you don’t need to deposit large sums of NZD into your account and can buy Bitcoin with lower funds.

However, leverage is risky and best suited to traders who understand the risks involved. The table below includes the leverage available from the top Kiwi crypto exchanges in 2024.

Product Kraken maximum leverage Plus500 maximum leverage Eightcap maximum leverage
Cryptocurrencies 1:5
NFTs N/A
View more > Kraken > Plus500 > Eightcap >

Your verdict: best crypto exchange in NZ, user reviews

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As part of our research process, we gather feedback from regular users of each of the top crypto exchanges in New Zealand.

We’ve pooled all that data together to give you a complete picture of what people just like you feel about each service.

Review source Kraken rating Plus500 rating Eightcap rating
Trustpilot 1.5 4 4.3
Google Play Store 4.4 4.3 4.1
App Store 4.7 4.1 3.8
View more > Kraken > Plus500 > Eightcap >

What is the best crypto wallet in New Zealand?

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Wallets are private and unregulated, so they are available everywhere, to everyone, rather than being restricted according to where you live. MetaMask and Trust Wallet are a couple of the best crypto wallets and they are available all over the world. 

However, there’s a trend towards crypto services operating as all-in-one platforms so you can use one account that acts as your exchange and wallet. The best option for most beginners is to sign up for a service like Binance or Bitstamp, where you can buy crypto on the exchange and then store it on the same platform.

Find the top cryptocurrency exchanges in NZ

FAQs

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What is the best NZ crypto exchange?
What’s the best crypto platform for beginners in NZ?
What’s the cheapest Kiwi exchange with the lowest fees in New Zealand?
What’s the safest crypto exchange in New Zealand?
Can I buy cryptocurrency in New Zealand?
Which Bitcoin wallet is best in New Zealand?
What happened to Cryptopia?


Fact-checking & references
Risk disclaimer
James Knight
Editor of Education

James is the Editor of Education for Invezz, where he covers topics from across the financial world, from the stock market, to cryptocurrency, to macroeconomic markets.... read more.