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Best Cryptocurrency Exchanges NZ

Last Updated on January 31, 2024

James Headshot
Written by
Adam Headshot
Edited by
Table of Contents
Disclaimer: This is not a validation of cryptocurrency or any particular provider, service, or product. It should not be taken as advice to engage in trading or use any services. Please check our terms and conditions.

In New Zealand, the surge of interest in digital currencies has led to an array of options, each offering unique features and benefits.

We’ve meticulously analysed and reviewed the top 10 cryptocurrency exchanges available to New Zealand traders, considering factors such as user-friendliness, range of cryptocurrencies offered, fee structures, security measures, and customer support.

Whether you’re a seasoned trader or just beginning your journey in the crypto space, our detailed evaluations provide valuable insights to help you make an informed decision.

Best Cryptocurrency Exchanges in NZ for 2024

  • Best for Trusted and Secure Local Exchange: Independent Reserve
  • Best for User-Friendly Experience and AUD/NZD Trading: Swyftx
  • Best for a Wide Range of Cryptocurrencies and Features: Binance
  • Best for Advanced Trading Options: Bybit
  • Best for Security and Advanced Trading Tools: Kraken
  • Best for Versatile Trading Options and DeFi Services: OKX
  • Best for Access to a Wide Variety of Altcoins: KuCoin

Why Trust Crypto Head

We have been committed to providing our readers with well-researched, unbiased, and reliable information since 2017. Our team consists of crypto experts who understand the importance of choosing the right exchange.

We have spent a huge amount of time over the years evaluating and comparing a range of crypto platforms. We use a rigorous methodology to evaluate each platform, considering factors like security, user experience, and fees.

230

Exchanges considered

145

Exchanges analysed

9,425

Data points collected

1. Independent Reserve - Best for Trusted and Secure Local Exchange

4.17
Crypto Head Rating
Our review is based on the spot trading platform. Please check our methodology on how we rate exchanges for further information.

Trading Fees

0.26% - 0.50%

Supported Crypto

27+

Supported Fiat Currencies

USD, AUD, NZD + 1 other

Why We Chose It Our review is based on the spot trading platform. Please check our methodology on how we rate exchanges for further information.

Independent Reserve is chosen for its robust reputation as a reliable cryptocurrency exchange, particularly within the New Zealand market. Established as a key player in the Australasian region, it offers a blend of user-friendly features and advanced trading options, making it suitable for both beginners and experienced traders.

The platform’s appeal in New Zealand lies in its support for NZD transactions, comprehensive array of cryptocurrencies, and a strong focus on security and regulatory compliance. These aspects, combined with competitive fees and responsive customer support, position Independent Reserve as a top choice for New Zealand-based crypto traders.

Independent Reserve homepage
Pros & Cons

Pros

  • Good reputation
  • Advanced charting features for experienced traders
  • Good security measures
  • Insurance on crypto assets

Cons

  • No 24/7 customer support
  • Fees can be relatively high for small trades
  • Limited payment options
  • Limited cryptocurrencies available
Overview

Independent Reserve, with its user-centric approach, offers a straightforward and secure platform for trading a variety of cryptocurrencies. Catering to the needs of New Zealand users, it supports NZD alongside other fiat currencies, simplifying the process of buying and selling digital assets.

The exchange provides a range of advanced trading features, yet maintains an accessible interface for those new to cryptocurrency trading. This balance ensures that users of all experience levels can navigate the platform effectively.

In terms of fees, Independent Reserve adopts a tiered structure, where fees decrease as the user’s trading volume increases. This model is beneficial for both occasional and frequent traders, providing cost-effective trading opportunities.

Security is a cornerstone of Independent Reserve’s operation, with measures like two-factor authentication and cold storage of digital assets. Additionally, their commitment to regulatory compliance instills confidence in users regarding the legality and safety of their investments.

Customer support is a standout feature, with a dedicated team providing timely and helpful assistance through various channels, ensuring a smooth trading experience for users.

Detailed Fees
Type Fee
Deposit Fee (Bank Transfer - Osko, PayID) $0 - $15
Deposit Fee (Credit/Debit Card) $0 - $15
Trading Fee 0.26% - 0.50%
Withdrawal Fee (Bank Transfer) 0% - $25

2. Swyftx - Best for User-Friendly Experience and AUD/NZD Trading

4.73
Crypto Head Rating
Our review is based on the spot trading platform. Please check our methodology on how we rate exchanges for further information.

Trading Fees

0.35% - 0.60%

Supported Crypto

350+

Supported Fiat Currencies

USD, AUD, NZD

Get $20 BTC credit when you sign up through our link.

Why We Chose It Our review is based on the spot trading platform. Please check our methodology on how we rate exchanges for further information.

Swyftx is selected for its outstanding performance as a cryptocurrency exchange tailored to the needs of New Zealand traders. Renowned for its user-friendly platform, Swyftx offers an ideal balance of simplicity and functionality, making it accessible for beginners while still catering to the demands of experienced traders.

Key to Swyftx’s appeal is its extensive range of cryptocurrencies, competitive fees, and robust security measures. Additionally, its rapid KYC process and adherence to AML policies ensure a secure and compliant trading environment, underscoring its commitment to providing a trustworthy and efficient trading experience.

Swyftx homepage
Pros & Cons

Pros

  • User-friendly interface
  • Wide range of cryptocurrencies available
  • 24/7 live chat support
  • Competitive trading fees
  • Quick verification process

Cons

  • Limited advanced trading features
  • Beginner focused user experience
Overview

Swyftx has quickly become a favorite among New Zealand cryptocurrency traders for its comprehensive yet user-friendly interface. The platform supports a wide array of cryptocurrencies, providing traders with a diverse range of trading options.

The exchange’s interface is designed to be intuitive, ensuring that even those new to cryptocurrency trading can navigate and trade with ease. For more experienced traders, Swyftx offers advanced trading features, allowing for sophisticated trading strategies without overwhelming complexity.

In terms of fees, Swyftx is known for its transparent pricing, with competitive trading fees and no fees on deposits and withdrawals. This pricing structure is particularly appealing in the New Zealand market, where traders are often mindful of transaction costs.

Security is a top priority at Swyftx, with features such as two-factor authentication (2FA) and breached password detection in place to protect user accounts. Regular security audits further reinforce the safety of the platform.

Moreover, Swyftx’s commitment to regulatory compliance is evident in its swift KYC process, which is in line with AML guidelines, enhancing the overall trustworthiness of the platform.

Customer support at Swyftx is noteworthy, with a responsive team available to assist users through various channels, ensuring a seamless trading experience.

Detailed Fees
Type Fee
Deposit Fee (Bank Transfer - Osko, PayID) 0%
Deposit Fee (Credit/Debit Card) 1.99%
Trading Fee 0.35% - 0.60%
Withdrawal Fee (Bank Transfer) 0%

3. Binance - Best for a Wide Range of Cryptocurrencies and Features

3.23
Crypto Head Rating
Our review is based on the spot trading platform. Please check our methodology on how we rate exchanges for further information.

Trading Fees

0.10%

Supported Crypto

386+

Supported Fiat Currencies

USD, GBP, CAD, EUR, NZD + 75 others Some through third party apps.

Why We Chose It Our review is based on the spot trading platform. Please check our methodology on how we rate exchanges for further information.

Please note: Binance has had regulatory challenges in the U.S. and EU. Binance was fined $4b on 21st Nov 2023 by a coordinated effort between the Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) and Office of Foreign Assets Control (OFAC) and the U.S. Commodity Futures Trading Commission (CFTC). Binance still remains the most used exchange in the world, but we would proceed with caution.

Binance is chosen for its global dominance and extensive offerings in the cryptocurrency exchange sector, making it a top pick for New Zealand traders. Known for its vast selection of cryptocurrencies, advanced trading features, and competitive fee structure, Binance caters to a wide range of trading preferences and levels of expertise.

The platform stands out in the New Zealand market for its deep liquidity, which ensures efficient trading, and for its commitment to innovation, offering services like futures trading and a native token (BNB) for additional benefits.

Binance homepage
Pros & Cons

Pros

  • Wide range of cryptocurrencies available
  • Low trading fees compared to many competitors
  • High liquidity ensures easy trade execution
  • Advanced trading features for experienced users

Cons

  • Complicated interface for beginners
  • History of regulatory challenges in various countries
  • Customer support can be slow to respond
  • Risk of security threats as with any online exchange platform
Overview

Binance, as a leading global cryptocurrency exchange, offers New Zealand traders access to an expansive range of cryptocurrencies, including major coins and numerous altcoins. The platform is renowned for its advanced trading features, catering to both novice traders and seasoned professionals.

The interface of Binance is designed to be user-friendly, with basic and advanced modes to suit different user experiences. For more seasoned traders, Binance offers detailed charting tools, order types, and risk management features.

Binance’s fee structure is one of its most attractive aspects, with low trading fees that decrease further for users holding BNB tokens. This makes it a cost-effective option for both frequent and occasional traders.

Security measures on Binance are robust, including multi-factor authentication and advanced encryption technology, ensuring the safety of user funds and personal information.

Customer support on Binance is comprehensive, with 24/7 live chat, an extensive help center, and email support, providing users with multiple avenues for assistance.

Detailed Fees
Type Fee
Deposit Fee (Bank Transfer) 0% - 2%
Deposit Fee (Credit/Debit Card) 0% - 2%
Trading Fee 0.10%
Withdrawal Fee (Bank Transfer) 0% - 1%

4. Bybit - Best for Advanced Trading Options

3.31
Crypto Head Rating
Our review is based on the spot trading platform. Please check our methodology on how we rate exchanges for further information.

Trading Fees

0.0675% - 0.1200%

Supported Crypto

462+

Supported Fiat Currencies

USD, AUD, GBP, CAD, EUR, NZD + 160 others Some through third party apps.

Why We Chose It Our review is based on the spot trading platform. Please check our methodology on how we rate exchanges for further information.

ByBit is selected for its robust platform catering to the needs of cryptocurrency traders in New Zealand, particularly those seeking advanced trading features. Since its launch in 2018, ByBit has garnered attention for its user-friendly yet powerful interface, suitable for both novice and experienced traders.

A standout feature of ByBit is its commitment to providing a seamless and efficient trading experience, underscored by reliable technology and a strong focus on customer support. The platform’s commitment to security, combined with a range of trading options, positions it as a favorable choice for New Zealand’s crypto traders.

Bybit homepage
Pros & Cons

Pros

  • Advanced trading features
  • Competitive trading fees
  • No KYC for basic account functions
  • High liquidity
  • Supports a variety of cryptocurrencies

Cons

  • High risk for inexperienced users
  • Limited educational resources for beginners
  • No fiat deposits or withdrawals
  • Customer support can be slow
Overview

ByBit, recognized for its intuitive user interface, strikes a balance between simplicity and advanced functionality. The platform caters to a broad spectrum of traders in New Zealand, offering a diverse range of cryptocurrencies and advanced trading features without overwhelming new users.

The platform is designed to facilitate a seamless trading experience, with features that support both quick trades and detailed strategic planning. ByBit’s infrastructure is known for its speed and reliability, making it suitable for dynamic trading environments.

In terms of fees, ByBit maintains a competitive edge, offering transparent and reasonable rates. This is particularly appealing to traders mindful of cost efficiency in their trading activities.

Security is a top priority at ByBit, with the platform employing advanced security measures to safeguard user accounts and assets. This emphasis on security is crucial for building user trust and ensuring a safe trading environment.

ByBit is also noted for its exceptional customer support. The platform provides responsive support through various channels, ensuring that users’ queries and concerns are addressed promptly and effectively.

Detailed Fees
Type Fee
Deposit Fee (Bank Transfer) 0%
Deposit Fee (Credit/Debit Card) 0%
Trading Fee 0.0675% - 0.1200%
Withdrawal Fee (Bank Transfer) 0%

5. Kraken - Best for Security and Advanced Trading Tools

3.67
Crypto Head Rating
Our review is based on the spot trading platform. Please check our methodology on how we rate exchanges for further information.

Trading Fees

0.06% - 0.16%

Supported Crypto

233+

Supported Fiat Currencies

USD, AUD, GBP, CAD, EUR + 1 other

Why We Chose It Our review is based on the spot trading platform. Please check our methodology on how we rate exchanges for further information.

Kraken is chosen for its longstanding reputation as a secure and reliable cryptocurrency exchange, appealing to both new and seasoned traders in New Zealand. Established in 2011, Kraken is known for its regulatory compliance, strong security measures, and comprehensive range of cryptocurrencies and trading features.

Kraken’s commitment to security, combined with its user-friendly interface and advanced trading options, makes it a top choice for New Zealand traders seeking a trustworthy platform. Additionally, its support for multiple fiat currencies, including NZD, enhances its accessibility and convenience for local users.

Kraken homepage
Pros & Cons

Pros

  • Wide range of cryptocurrencies available
  • Strong security measures
  • Advanced trading features
  • Supports fiat-to-crypto transactions
  • Educational resources for beginners
  • Low trading fees

Cons

  • Complex interface for new users
  • Limited customer service options
  • No credit card deposits for US customers
  • Occasional slow performance during peak times
Overview

Kraken offers a robust platform that balances ease of use with advanced features, catering to a diverse user base in New Zealand. The exchange supports a wide variety of cryptocurrencies, providing ample trading opportunities for its users.

For beginners, Kraken’s intuitive interface makes navigating the complexities of cryptocurrency trading more manageable. At the same time, advanced traders can take advantage of detailed charting tools, margin trading, and other sophisticated trading options.

Kraken is particularly noted for its strong stance on security. The platform employs comprehensive measures such as two-factor authentication, SSL encryption, and cold storage of the majority of digital assets, ensuring a high level of protection for user funds.

The fee structure on Kraken is competitive and transparent, with fees varying based on trading volume and the type of transaction. This makes it a cost-effective choice for both high-volume traders and those making occasional trades.

Customer support on Kraken is a strong point, with a dedicated support team available 24/7 to assist with any inquiries or issues. The exchange also provides extensive educational resources, helping users to understand the nuances of cryptocurrency trading.

Detailed Fees
Type Fee
Deposit Fee (Bank Transfer) $0 USD - $5 USD
Deposit Fee (Credit/Debit Card) Not Listed
Trading Fee 0.06% - 0.16%
Withdrawal Fee (Bank Transfer) $0 USD - $35 USD

6. OKX - Best for Versatile Trading Options and DeFi Services

3.75
Crypto Head Rating
Our review is based on the spot trading platform. Please check our methodology on how we rate exchanges for further information.

Trading Fees

0.06% - 0.10%

Supported Crypto

332+

Supported Fiat Currencies

USD, AUD, GBP, CAD, EUR, NZD + 85 others Some through third party apps.

Why We Chose It Our review is based on the spot trading platform. Please check our methodology on how we rate exchanges for further information.

OKX, formerly known as OKEx, is selected for its extensive global presence and diverse offerings, making it a suitable choice for New Zealand’s cryptocurrency traders. The platform is recognized for its wide range of cryptocurrencies, including numerous altcoins and advanced trading features, catering to a broad spectrum of trading preferences.

OKX’s strengths lie in its advanced trading interface, comprehensive API support, and commitment to innovation, making it appealing for both technical traders and those seeking new trading opportunities. Furthermore, its competitive fee structure and commitment to security and regulatory compliance enhance its attractiveness to New Zealand users.

OKX homepage
Pros & Cons

Pros

  • Wide range of cryptocurrencies available
  • Advanced trading features and interfaces
  • Competitive trading fees
  • Strong liquidity, facilitating large trades

Cons

  • Can be complex for beginners
  • Has faced regulatory challenges in some countries
  • No fiat currency support for certain services
  • Customer support can be slow to respond
  • Some users report technical glitches during peak trading times
Overview

OKX offers a sophisticated trading platform that caters to various levels of traders in New Zealand. With its extensive list of supported cryptocurrencies, users have access to a wide array of trading pairs, including less common altcoins.

The platform is designed to accommodate both new and experienced traders, with a user-friendly interface for basic trading, as well as advanced tools and charting features for more complex strategies. OKX also offers futures and perpetual swaps, appealing to those interested in advanced trading features.

In terms of fees, OKX maintains a competitive edge with a tiered fee structure that benefits both high-volume traders and occasional users. Additionally, the platform offers various deposit and withdrawal methods, making it convenient for New Zealand users.

Security on OKX is a high priority, with measures such as SSL encryption, two-factor authentication, and cold storage employed to protect user assets. The platform’s adherence to international compliance standards further reassures users of its reliability and safety.

Customer support at OKX is robust, with multiple channels available for assistance, including 24/7 live chat, email, and a comprehensive help center. This level of support ensures that users’ queries and concerns are addressed efficiently.

Detailed Fees
Type Fee
Deposit Fee (Bank Transfer) Depends On the Country
Deposit Fee (Credit/Debit Card) 0%
Trading Fee 0.06% - 0.10%
Withdrawal Fee (Bank Transfer) 0% via P2P

7. KuCoin - Best for Access to a Wide Variety of Altcoins

3.14
Crypto Head Rating
Our review is based on the spot trading platform. Please check our methodology on how we rate exchanges for further information.

Trading Fees

0.025% - 0.1%

Supported Crypto

691+

Supported Fiat Currencies

USD, AUD, GBP, CAD, EUR, NZD + 50 others Some through third party apps.

Why We Chose It Our review is based on the spot trading platform. Please check our methodology on how we rate exchanges for further information.

KuCoin is selected for its impressive array of cryptocurrencies and user-friendly platform, making it a standout choice for cryptocurrency traders in New Zealand. Launched in 2017, KuCoin has rapidly gained a reputation for its wide selection of altcoins, appealing to traders looking to explore beyond mainstream cryptocurrencies.

KuCoin’s appeal in New Zealand is bolstered by its advanced trading features, competitive fees, and an emphasis on user security and convenience. The platform’s ability to cater to both novice and experienced traders with its intuitive interface and diverse trading options positions it as a versatile choice in the NZ market.

KuCoin homepage
Pros & Cons

Pros

  • Wide range of cryptocurrencies available
  • Competitive trading fees
  • Advanced charting and trading tools
  • User-friendly interface
  • Staking and lending services for additional earnings

Cons

  • History of security incidents
  • Customer support can be slow to respond
  • No built-in fiat withdrawal options
  • Complex interface for beginners
  • Limited regulatory oversight in some regions
Overview

KuCoin offers New Zealand traders a comprehensive and accessible trading experience, featuring an extensive list of 691+ altcoins. This diversity in trading options is one of KuCoin’s major attractions, providing users with the opportunity to trade a wide variety of digital assets.

The platform is known for its user-friendly interface, which is designed to accommodate both beginners and seasoned traders. Advanced trading features are available for more experienced users, allowing for sophisticated trading strategies without excessive complexity.

In terms of fees, KuCoin is known for its competitive structure, offering low trading fees that can be further reduced by using the platform’s native token, KCS. This makes it an attractive option for traders conscious of transaction costs.

Security is a paramount concern at KuCoin, and the platform employs various measures such as encryption, multi-factor authentication, and internal risk control protocols to protect user accounts and assets.

Customer support at KuCoin is a strong point, with a dedicated team providing assistance through various channels, including live chat and email, ensuring a responsive and helpful service.

Detailed Fees
Type Fee
Deposit Fee (Bank Transfer) 1%
Deposit Fee (Credit/Debit Card) 3.80%
Trading Fee 0.025% - 0.1%
Withdrawal Fee (Bank Transfer) No fees listed.

8. SushiSwap - Best for Decentralized Finance (DeFi) Trading

3.15
Crypto Head Rating
Our review is based on the spot trading platform. Please check our methodology on how we rate exchanges for further information.

Trading Fees

0.30%

Supported Crypto

448+

Supported Fiat Currencies

USD, AUD, GBP, CAD, EUR, NZD + 70 others Only supports fiat currencies through third party apps.

Why We Chose It Our review is based on the spot trading platform. Please check our methodology on how we rate exchanges for further information.

SushiSwap is chosen for its innovative role in the decentralized finance (DeFi) space, making it a notable option for cryptocurrency enthusiasts in New Zealand. Originating as a fork of Uniswap, SushiSwap has distinguished itself with unique features like SushiBar, Onsen, and an active governance model, appealing to users interested in decentralized exchanges (DEXs) and yield farming.

The platform’s focus on community-driven development and its range of DeFi services, including liquidity provision and staking, make it an attractive choice for users seeking an alternative to traditional, centralized exchanges.

SushiSwap homepage
Pros & Cons

Pros

  • Decentralized platform ensures no central point of failure
  • Supports a wide range of cryptocurrencies and tokens
  • Offers yield farming opportunities for liquidity providers
  • Includes a native governance token, SUSHI, providing voting rights
  • Lower fees compared to some traditional and centralized exchanges

Cons

  • Complex interface may not be beginner-friendly
  • Risk of impermanent loss when providing liquidity
  • Smart contract vulnerabilities could lead to potential exploits
  • Limited customer support compared to centralized exchanges
  • Dependency on Ethereum blockchain can lead to high transaction fees during network congestion
Overview

SushiSwap offers a decentralized trading experience that stands apart from conventional cryptocurrency exchanges. It operates as an automated market maker (AMM), allowing users in New Zealand to trade directly from their wallets without intermediaries.

A key feature of SushiSwap is its liquidity pools. Users can contribute to these pools and earn a share of the transaction fees as well as SUSHI tokens as rewards. This model not only provides income opportunities but also a say in the platform’s future through SUSHI token governance.

While SushiSwap offers a wealth of opportunities, especially in yield farming and liquidity provision, it may present a learning curve for those new to DeFi platforms. Users need to understand aspects like liquidity risks and impermanent loss.

In terms of security, being a decentralized platform, SushiSwap places a greater responsibility on users to manage their own security. This includes safeguarding private keys and understanding smart contract risks.

SushiSwap’s support is primarily community-based, with resources such as forums, Discord channels, and community guides available to assist users. This approach fosters a collaborative and supportive environment but might lack the immediacy of support found on centralized platforms.

Detailed Fees
Type Fee
Trading Fee 0.30%

9. Coinmama - Best for Straightforward Purchases with NZD

4.02
Crypto Head Rating

Trading Fees

0.99% - 3.90%

Supported Crypto

86+

Supported Fiat Currencies

USD, AUD, GBP, CAD, EUR, NZD + 180 others Some through third party apps.

Why We Chose It

Coinmama is selected for its straightforward and user-centric approach to cryptocurrency trading, making it an excellent choice for New Zealanders, especially beginners. Established in 2013, Coinmama has built a reputation for its simplicity and reliability, focusing on providing a seamless buying experience for a variety of cryptocurrencies.

The platform’s ease of use, with its direct and quick purchase process, appeals to users who prefer a no-frills, efficient approach to buying cryptocurrencies. Furthermore, Coinmama’s responsive customer service and commitment to security make it a trustworthy option for those entering the crypto market.

Coinmama homepage
Pros & Cons

Pros

  • Long-standing crypto exchange
  • User-friendly interface for beginners
  • High spending limits for verified accounts
  • Instant delivery of coins upon payment
  • Multiple payment methods supported

Cons

  • Higher fees compared to some other exchanges
  • Requires identity verification for buying
  • Limited to crypto trading with no advanced features
  • No mobile app for trading on the go
  • Customer support can be slow to respond
Overview

Coinmama offers a streamlined cryptocurrency buying experience that is particularly appealing to those new to the world of digital currencies in New Zealand. The platform supports a range of major cryptocurrencies, enabling users to purchase them directly with fiat currencies, including NZD.

The process of buying cryptocurrencies on Coinmama is straightforward and fast. Users can complete purchases with a variety of payment methods, including credit cards, which is a significant convenience factor. This simplicity is a major draw for those who may find traditional exchanges daunting.

While Coinmama’s fee structure is transparent, it’s important to note that the fees can be higher than some other platforms, particularly when using credit cards. Users should consider this when planning their transactions.

Security is a priority for Coinmama, and the platform takes measures to protect users’ information and transactions. However, since Coinmama is primarily a brokerage service, users will need their own wallets to store purchased cryptocurrencies, which adds an extra step but also gives users full control over their digital assets.

Customer support is a standout feature for Coinmama. The platform provides a responsive support team that assists users with inquiries and issues promptly, enhancing the overall user experience.

Detailed Fees
Type Fee
Deposit Fee (Bank Transfer) 0%
Deposit Fee (Credit/Debit Card) 4.50% - 6.50%
Trading Fee 0.99% - 3.90%
Withdrawal Fee (Bank Transfer) 0.10% - 0.90%

10. Coinbase - Best for Beginners and Ease of Use

3.20
Crypto Head Rating
Our review is based on the spot trading platform. Please check our methodology on how we rate exchanges for further information.

Trading Fees

0% - 0.60%

Supported Crypto

243+

Supported Fiat Currencies

USD, AUD, GBP, CAD, EUR, NZD + 50 others

Why We Chose It Our review is based on the spot trading platform. Please check our methodology on how we rate exchanges for further information.

Coinbase is chosen for its strong global presence and reputation as one of the most user-friendly and secure cryptocurrency exchanges, making it an ideal platform for New Zealand traders, especially beginners. Launched in 2012, Coinbase has become synonymous with ease of use, offering a straightforward way for users to buy, sell, and manage cryptocurrencies.

The platform’s commitment to regulatory compliance, robust security measures, and a wide range of supported cryptocurrencies make it a trustworthy choice for those new to the crypto space. Additionally, its educational resources provide valuable insights for users looking to deepen their understanding of cryptocurrencies.

Coinbase homepage
Pros & Cons

Pros

  • User-friendly interface
  • Wide range of cryptocurrencies
  • High liquidity
  • Strong security measures
  • Educational resources available

Cons

  • Higher fees compared to some competitors
  • Limited customer support options
  • May track how its users spend bitcoin
  • Wallet services are custodial
  • Limited advanced trading features
Overview

Coinbase offers a simplified and intuitive interface, making it exceptionally accessible for newcomers to cryptocurrency trading in New Zealand. The platform supports a comprehensive list of cryptocurrencies, catering to users looking to diversify their crypto portfolios.

The user experience on Coinbase is designed with simplicity in mind, allowing for easy navigation and straightforward transactions. This is complemented by educational content that helps users understand the nuances of cryptocurrency trading.

In terms of fees, Coinbase operates with a clear and transparent pricing structure, though it is important to note that fees may be higher compared to some other exchanges. This includes fees for transactions and conversions, which users should consider when making trades.

Security is a top priority for Coinbase, with measures such as two-factor authentication, biometric logins, and insurance for digital assets held on the platform, providing users with peace of mind regarding the safety of their funds.

Customer support at Coinbase is comprehensive, with a variety of support options including email, a help center, and FAQs. This ensures that users can receive assistance and resolve any issues they may encounter.

Detailed Fees
Type Fee
Deposit Fee (Bank Transfer) $0 - $10
Deposit Fee (Credit/Debit Card) $0 - $10
Trading Fee 0% - 0.60%
Withdrawal Fee (Bank Transfer) $0 - $25

How to Choose the Best Crypto Exchange

Selecting the right cryptocurrency exchange is a critical decision for any trader, be it a novice or an experienced enthusiast. The choice can significantly impact your trading experience, security, and success in the crypto market. Here are key factors to consider when choosing the best crypto exchange, particularly for traders in New Zealand:

  1. Reputation and Reliability: Research the exchange’s history and standing in the market. A platform with a strong reputation, positive user reviews, and a track record of reliability is crucial. Look for exchanges that have withstood the test of time and maintained good standing amidst the dynamic changes in the cryptocurrency sector.
  2. Security Measures: The safety of your funds and personal data should be paramount. Investigate the security protocols the exchange has in place, such as two-factor authentication (2FA), encryption methods, and cold storage options. Exchanges that prioritise security and have robust measures to protect against hacks and fraud are essential.
  3. Regulatory Compliance: Ensure the exchange complies with local and international regulatory standards, including anti-money laundering (AML) and know-your-customer (KYC) policies. Compliance indicates a level of professionalism and commitment to operating within legal parameters, which is especially important in the ever-evolving legal landscape of cryptocurrencies.
  4. Supported Cryptocurrencies and Pairs: Consider the range of cryptocurrencies and trading pairs offered. Whether you’re interested in popular cryptocurrencies or looking to explore altcoins, the variety available can significantly influence your trading strategies and opportunities.
  5. Fees and Pricing Structure: Understand the fee structure of the exchange. This includes trading fees, withdrawal and deposit fees, and any other charges that might apply. A transparent and reasonable fee structure is preferable, and it’s beneficial to find an exchange that balances low costs with high-quality services.
  6. Ease of Use: The user interface and overall user experience are important, especially for beginners. An exchange that offers an intuitive, easy-to-navigate platform can make a significant difference in your trading journey. For advanced traders, the availability of sophisticated trading tools and features is also a key consideration.
  7. Fiat Currency Support: Check if the exchange supports transactions in NZD or other fiat currencies you might use. This feature can simplify the process of deposits and withdrawals, making it more convenient and often more cost-effective.
  8. Customer Support: Good customer support is invaluable. Look for exchanges that offer responsive and helpful support, ideally through multiple channels like email, live chat, and phone support. The availability of comprehensive FAQs and educational resources is also a plus.
  9. Liquidity: High liquidity means easier and faster transactions. A platform with a high trading volume can offer more stability and better price discovery, which is especially important for those looking to execute large trades.
  10. Additional Features: Some exchanges offer extra features like staking, yield farming, or educational resources. Depending on your interests and trading style, these features can enhance your trading experience.

By considering these factors, you can make a more informed decision and choose an exchange that not only meets your trading needs but also provides a secure and user-friendly environment for your cryptocurrency ventures. Remember, the best exchange for one trader might not be the ideal choice for another, so it’s important to align your selection with your specific preferences and trading goals.

Final Thoughts

As you embark on or continue your cryptocurrency trading journey, remember that the choice of exchange is a personal one, heavily influenced by your individual trading style, risk tolerance, and specific requirements. Whether your focus is on advanced trading features, a wide selection of altcoins, or simply a secure and straightforward buying experience, there’s an exchange out there to meet your needs.

The cryptocurrency landscape is constantly evolving, with new technologies, regulatory changes, and market shifts. Staying informed and adaptable is key to navigating this space successfully. We encourage traders to continually educate themselves, stay updated with market trends, and approach trading with diligence and caution.

FAQs

Yes, New Zealand is relatively crypto-friendly. The country recognizes the potential of blockchain technology and cryptocurrencies.

The New Zealand government and its regulatory bodies have been working on creating a supportive environment for cryptocurrencies while ensuring proper regulations are in place to prevent misuse.

Yes, crypto is taxed in New Zealand. The New Zealand Inland Revenue Department (IRD) considers cryptocurrencies as property for tax purposes, not as currency.

This means that income from cryptocurrencies, whether from trading, mining, or earning crypto as payment, is subject to income tax. Capital gains from cryptocurrency transactions are also taxable.

Yes, Bitcoin is legal in New Zealand. Individuals and businesses can legally buy, sell, trade, and hold Bitcoin.

The regulatory environment is aimed at ensuring the safe and legal use of Bitcoin and other cryptocurrencies.

Methodology

Our team employs a rigorous rating process, analysing various criteria to determine our star rating system. This system allows us to condense our extensive research into an easy-to-understand format. For a deeper dive into our rating process, check out our full methodology.

We assess crypto exchanges based on the following criteria:

  • Platform Usability: How user-friendly is the platform for beginners? What advanced tooling and charting features are available for seasoned traders?
  • Supported Cryptocurrencies: What's the range of supported cryptocurrencies, and how frequently does the exchange add new ones?
  • Supported Fiat Currencies: How many fiat currencies are supported? Are the banking relationships direct or through third parties?
  • Deposit and Withdrawal Methods: Are there diverse methods for account funding and withdrawals?
  • Fees: How competitive are the trading, deposits, and withdrawal fees? Is the exchange known for adding large spreads to conversions?
  • Customer Support: How accessible and helpful is the customer support team? Are multiple support methods available?
  • Exchange Activity: How proactive is the exchange in terms of updates? Is their social media presence active, and do they engage with the community regularly?
  • Security: What security measures are in place to safeguard users, such as Two-Factor Authentication (2FA), relevant certifications and general security processes? If the exchange has experienced significant hacks, how have they addressed and evolved from those incidents?
  • Regulatory Registrations: Does the exchange meet the necessary regulatory requirements to operate in Australia?

About The Authors

James Headshot
Written by

Crypto Technical Writer

James Page, previously the lead writer at Crypto Head and a registered psychologist, brings a unique perspective to the world of blockchain and cryptocurrency.

His extensive experience in the industry and ability to present complex concepts in an understandable manner make his articles a valuable resource for readers seeking to navigate the ever-evolving crypto landscape.

Check James out on:
Adam Headshot
Edited by

Co-Founder / Managing Editor

Adam Morris, the co-founder of Crypto Head and a respected crypto expert, offers insightful commentary and analysis on cryptocurrency, NFTs, and the evolving digital landscape.

His extensive experience and features in top-tier publications like Forbes and CNN underscore his deep understanding of the crypto world and its future potential.

Check Adam out on: