Best cryptocurrency trading platforms New Zealand 2021
          

Best cryptocurrency trading platforms New Zealand 2021

In recent years, the crypto industry has been growing at a rapid pace. Many blockchain startups are emerging, new cryptocurrency funds are being launched, the high volatility of the market is attracting the attention of many traders, and as a result, the list of global crypto exchanges is regularly updated with more and more new digital asset trading platforms.

Exchanges are becoming financial centers where most of the cryptocurrency funds in circulation are concentrated and where there is active interaction between market players. But how do you choose a trading platform from all this diversity that suits you and with which you will not be disappointed in the future? A brief overview will help you choose an exchange.

Coinbase

Created in 2012, Coinbase Exchange is a centralized platform and has a high reliability score. The goal of creating Coinbase was to try to prove to society that the future belongs to digital assets. The Coinbase platform is designed to operate in an international format. For this purpose, the website has been translated into several foreign languages. The user interface is simple and easy to manage, even for beginners.

The Coinbase exchange is one of the safest places to buy, sell and store cryptocurrencies. Most of the exchange users' funds are stored offline. And funds stored online are insured.

Coinbase customers can only have one personal account. Account registration and management are free of charge. As exchange Coinbase positions itself as the most reliable cryptocurrency platform, identity verification is performed by taking all necessary precautions. There is no question of making copies of documents sent via email. All documents are verified through the Coinbase website or app:

  • 23 types of coins.
  • The rates charged for all operations under $200 are as follows: $0.99 - $2.99 - for operations from $0 to $200; for over $200, a fixed interest rate comes into play. Its size depends on the payment method.
  • Free mobile and online wallet. The advantage of this wallet is that transactions can be made off-blockchain.
  • You can pay funds that can be deposited and withdrawn using a bank card, transfer and a range of payment systems. SEPA transfers are available for EU residents.
  • Two-factor authentication. All website traffic is encrypted using the SSL cryptographic protocol.
  • All wallets keys are protected by AES-256 encryption. Only 2% of her clients' cryptocurrency funds are stored online, and they are insured in case of loss.
  • Android and iOS app.

Binance

Binance is a cryptocurrency exchange established in 2017. The exchange has gained the trust of the crypto community, especially with a strong team of developers who know their stuff very well. In August 2017, one of the leading financiers and most influential people in the Chinese online economy, Yi Hee, joined the company. Currently, Binance is regularly recruiting new investors and sponsors for the continued development and improvement of the platform.

Binance has the most comprehensive list of cryptocurrencies and is open to cooperation with new coins. Only the most promising cryptocurrencies are listed.

Quick registration can be seen as a nice advantage of the company. The company's first priority is the protection of its merchants. Account security is ensured by two-factor authentication. This means that to access the account, the user must not only enter a username and password, but also an individual key or code.

In addition to the trading platform, Binance offers other services that will be of interest to many community members. To learn more, check out the website. This site is rightly regarded as one of the best cryptocurrency exchanges:

  • 740 different crypto and fiat pairs, including own token BNB.
  • Binance offers competitive trading fees (commissions): 0.1% on each side of the trade, or 0.075% if you are using your Binance tokens (BNB).
  • Trust Wallet mobile application.
  • Bank transfer, debit/credit cards, various P2P payment channels.
  • The exchange launched CryptoSafe Alliance (CSA). This initiative will bring together exchanges, blockchain protocols, cybersecurity experts, and regulatory compliance companies. It is the first comprehensive threat monitoring and protection tool in a decentralized data exchange environment.
  • A free app is available in Google Play Store or the App Store.

Kraken

Kraken is an international cryptocurrency exchange, considered one of the largest resources in terms of trading volume on a par with the Euro. The main goal of this site is to make digital currencies accessible and useful to users around the world.

At first, the exchange only offered a meager selection of cryptocurrencies (BTC, ETH and LTC) for trading. But since 2017, when the cryptocurrency market has grown impressively. The trading platform caters to both retail investors and institutional traders. Much time has been spent adding margin, futures and OTC trading, as well as dark pool:

  • 8 tokens are available.
  • Transactions under 50,000 units of a particular currency are subject to a commission of 0.16% for the seller and 0.26% for the buyer. For sums over 50,000 units, commissions are reduced to 0.14% and 0.24% respectively.
  • No crypto wallet is offered on the site.
  • Crypto wallets and money transfers via bank transfer. Deposit/withdrawal via bank cards is not available.
  • The exchange offers users two-factor authentication, PGP encryption, and global settings lock, which prevents any account changes within a certain period of time.
  • Kraken Pro and Kraken Futures applications.

Bittrex

The Bittrex cryptocurrency marketplace was established in 2014 in Seattle, USA. This marketplace is one of the oldest on the Internet and has gained the trust of a large number of users around the world. Very often, Bittrex ranks at the top of cryptocurrency exchanges in terms of daily transaction volume. Experts consider Bittrex to be one of the most reliable and successful cryptocurrency exchanges in the world. And although younger competitors are now sharing the market, Bittrex is confidently standing up for them.

The Bittrex development team states that security is their top priority. Bittrex uses a flexible multi-tier architecture to store funds. 90% of funds are kept in offline wallets in a secure location. The platform also has tools such as two-factor authentication and other basic default settings. Throughout its history, the Bittrex exchange has never been attacked by hackers.

The Bittrex platform is designed to make deposits and withdrawals very quickly. As soon as the transaction is created, you immediately see the status of the transaction in your personal trading account. Users can follow the process of crediting and confirming the transaction in real time.

Another advantage is that Bittrex is designed to allow beginners and people with little trading knowledge to get into cryptocurrency trading:

  • 250+ trading pairs are available.
  • Topping up your euro account is available via SEPA credit transfer, international bank transfer, bank card. Fiat funds withdrawal is possible to a bank account using an international bank transfer, and for euros, a SEPA credit transfer is supported. The withdrawal commission depends on the chosen currency: in bitcoin, it is 0.0005 BTC, in Ethereum - 0.00600000 ETH. The site has a fixed trading fee of 0.25% of the total value of the order.
  • No crypto wallet.
  • Bank transfers, credit/debit cards.
  • Two-factor authentication (2FA), IP check, which requires an email confirmation of entry from a new IP-address, IP whitelists, Cold storage for 80%-90% assets.
  • There are two apps for Android and iOS respectively: Bittrex Global and Bittrex.

BitMex

BitMEX was launched in early 2014 by HDR Global Trading, which is run by experts with 40 years of experience in high frequency finance and algorithmic trading.

Bitmex is considered a platform for the more experienced players in the market.

The BitMEX platform specializes in peer-to-peer P2P trading of cryptocurrency derivatives and has no direct competitors. All calculations within the site are done in BTC. Asset tickers have the usual symbols, with the exception of bitcoin - its unique identifier XBT is on the exchange.

With BitMEX, you can trade up and down. Users can open long and short positions. To ensure that you don't get the calculations wrong, BitMEX offers a handy calculator in the left corner of the terminal. By indicating the entry and exit point in the cryptocurrency, the calculator calculates the gain or loss. A very useful tool.

In addition, BitMEX allows you to significantly increase your profits by using the margin tool, which allows you to make transactions not with your own bitcoins, but with borrowed bitcoins:

  • 55 trading pairs.
  • BitMEX does not charge any fees for deposits or withdrawals. When withdrawing BTC, a minimum Bitcoin Network commission is applied; commissions for takers are 0.075% of the total order value, while makers are paid an additional 0.025% for each trade.
  • Crypto BitMEX wallet.
  • Beyond virtual currencies, BitMEX does not accept any other deposits.
  • Funds are stored in cold wallets; Two-factor authentication; Registration via SMS notifications; Multi-signature wallets for transactions; Email communications are encrypted using PGP encryption.
  • BitMEX Mobile launched in September 2020.

Bitfinex

Bitfinex is one of the largest cryptocurrency exchanges. Founded in 2012, Bitfinex was one of the first professional platforms created in response to the great interest in cryptocurrency trading.

The Hong Kong exchange bitfinex.com positions itself as a platform for professionals. It impresses with its variety of trading tools, the possibility to create various types of orders, as well as leverage and sponsorship from other traders.

You won't find any questionable coins here, there are only about 40 of the most popular and serious coins on the exchange. Bitfinex is recognized by users for its reliability and security.

There are no demo accounts on the Exchange. On the main page, there is a "Demo" button. It allows you to familiarize yourself with the interface before signing up, but it does not allow you to make any transactions. Bitfinex offers a variety of complex features, some of which have no equivalent:

  • Over 140 coins and 300 trading pairs.
  • No additional payments for deposits and withdrawals in digital coins. When you deposit USD, you will have to pay a commission of 0.1%, but not less than $20;Minimum fee for withdrawing fiat money is $60; With the minimum currency turnover per month, the trading fee is 0.1% for the maker and 0.2% for the taker.
  • Users are offered three wallets to choose from - Exchange Wallet, Margin Wallet, and Financing Wallet.
  • In addition to digital currencies, bank transfers and card withdrawals are available to users.
  • Only 0.5% of crypto assets are kept online to support daily transactions. The rest of the coins are kept in cold wallets out of the reach of hackers. For these wallets to become available, manual authorization of several members of the management team is required.

Localbitcoins

LocalBitcoins is a decentralized peer-to-peer exchange that specializes in connecting buyers and sellers of cryptocurrencies. A special feature of the exchange is the possibility of buying TCMs offline. In this case, a selection of the most suitable offers for a trader is made according to the territorial situation.

When working on this site, it is very important to accept the fact that trades are made directly, that is, with the counterparty itself, and not on the basis of exchange. Therefore, it is worth constantly checking one's profile to analyze and look for positive customer reviews, the history of transactions made, information about the life of the account, the number of traders who have put it on the list of crooks or, on the contrary, on the white list.

The advantages include a comfortable and clear user interface that even an inexperienced trader can understand, the ability to buy ERM at local exchange rates in 248 countries around the world, through the exchange you can find the most reliable and secure counterparty to work directly with in the future:

  • The service does not charge a commission from the buyer.  For sellers, there is a set commission of 1% on each sale.
  • Bank transfers, banking cards, electronic systems.
  • The security of the transaction is ensured by the escrow method, which has proven to be highly effective; User accounts are protected by two-factor authentication.

Poloniex 

Poloniex crypto exchange, founded in 2014 in the US, remains one of the most popular platforms among traders and investors. It is worth noting that Poloniex crypto exchange has a beautiful smooth design, convenient and intuitive interface that is perfect for both experienced and beginner traders. In addition to the traditional cash exchange, on Poloniex you will find options (section) for margin exchange as well as a section for those who wish to lend their money.

According to the announcement made by the new owners of the Poloniex exchange, they plan to work on scaling the business by adding new tokens to the offering and integrating support for fiat currencies.

To work with the Poloniex exchange, until now all you had to do was register. Now, in order to perform trading activities on this site, you definitely have to go through verification with the exchange. According to the Poloniex team, this was done to combat exchange fraud and to increase the transparency of the company's activities:

  • 100+ currency pairs.
  • All deposits are allowed without any additional charges; The withdrawal fee is fixed, and it depends on the type of the currency; commissions are from 0 to 0.25%. Maker commission is from 0% to 0.15%; taker commission is from 0.1% to 0.25%. The higher is the volume of completed transactions in one month, the lower is the commission for all subsequently completed transactions.
  • Own Wallet.
  • Replenishment of an account with a bank card or withdrawal to a card are not available for users of some countries.
  • The administration highly recommends adding two-factor authentication to your account.
  • Mobile application.

Kucoin

KuCoin was established in 2017 as a service provider in the cryptocurrency market. In recent years, this cryptocurrency exchange has become one of the most well-known and therefore most popular exchanges. Although Kucoin is a relatively new project in the world of cryptocurrency exchanges, its team has already proven to be excellent and the exchange has run smoothly since its launch.

Several factors have contributed to this development, including the reliable protection of customer accounts from hacker attacks and the introduction of unique systems for making money with digital currencies.

For beginners, the crypto exchange does not offer a bonus for registering an account, nor does it offer a demo account, so you have to try trading with real money right away. Registration on the Kucoin exchange is very simple. It all starts with entering your email address and choosing a password. You will then receive a confirmation email with further instructions:

  • 200+ coins and 450+ trading pairs.
  • All deposits are free on the site, and there is a fixed fee for withdrawals; KuCoin offers a flat commission of 0.10%, which is less than the industry average.
  • Inner site crypto wallet.
  • A variety of payment methods supported by P2P fiat services.
  • The exchange offers you the option to set up two-factor authentication by Google Authenticator.
  • Mobile application .

Bitpanda

Bitpanda is a digital currency investment service founded in 2014 by Eric Demuth, Paul Klanschek and Christian Trummer. Bitpanda is registered in Austria and has its headquarters in Vienna. In short, it is a cryptocurrency exchange that specializes in buying and selling bitcoins and other altcoins in the eurozone.

The exchange is primarily intended for residents of European Union countries. Traders from the United States, for example, cannot open an account, cannot pass verification, and cannot use the service.

The exchange is completely open and does not hide any information about the license and the team, so many people trust it. Every day, more than a million people visit the official website of the exchange. In addition, the service offers quick and easy registration and an absolutely convenient and intuitive user interface:

  • Bitcoin, Ethereum and 30+ digital assets.
  • The trading commission of the service depends on the type of currency and the nature of the transaction. When buying bitcoins, you pay 1.49%, when selling - 1.29%.
  • Commission for replenishment and withdrawal is fixed for each coin and is debited from the account.
  • Bitpanda crypto wallet.
  • You can make a deposit either by bank transfer, credit cards or electronic payment systems.
  • Bitpanda refers to systems that independently manage user wallet keys. Besides, the following security measures are offered: fund cold storage session control. Every login attempt from a new device requires two-factor authentication confirmation, authentication and validation via email.

Coinmama

Founded in 2013, Coinmama has long been the first choice for consumers who want to buy cryptocurrencies with a credit/debit card. The company was the first to offer this payment method and has quickly become one of the market leaders in this segment. The site is accessible to almost everyone and serves 226 countries and most US states.

Coinmama offers a service that is one of the easiest to use. For customers who want to buy Bitcoin or Ethereum quickly with a credit/debit card and do not want to wait a few days for a bank transfer, this site is a good choice. Another important advantage is that your currency is not stored on the site, but transferred immediately to the wallet.

Among customers, there are no complaints about how the exchange works. Most of them praise the simplicity, accessibility, and functionality of the feature:

  • The website sells Bitcoin, Ethereum. Litecoin, Bitcoin Cash, Qtum, Ripple, Ethereum Classic, Cardano, Tezos and EOS.
  • The use of credit or debit cards implies a service charge of 5%. Besides, the charges 3.90% for buying coins and 0.9% for selling these.
  • No Wallet.
  • Credit/debit cards and bank transfers; It supports SEPA and SWIFT payments.
  • Coinmama is a reputable company with a secure site using Trust Guard and Comodo technologies. Both services have confirmed that 256-bit SSL encryption is actively used on pages containing personal information.
  • Mobile app.

Paxful

As the demand for bitcoin and other virtual currencies continues to grow, the number of cryptocurrency buying/selling platforms is increasing. The market is striving to optimize and simplify this process. This is why most of the new services offer convenient peer-to-peer services. In this approach, transactions are made directly between users and the website acts as an intermediary that regulates the process. Paxful is such a platform. The owners have made the service as transparent and convenient as possible.

The marketplace was created in the US in 2015. Ambitious creators Arthur Shabak and Ray Yousef decided to create a peer-to-peer marketplace that allows sellers and buyers to connect directly.

Paxful has a very responsive technical support team that you can contact by e-mail or by phone. In addition, the site has an online chat for quick communication. The site has no restrictions on the location of users. Buyers and sellers from all over the world can register and use Paxful's services:

  • Bitcoin and Tether as assets.
  • Commissions are applied for crypto selling:0.5% for bank transfers; 1% for bank cards and e-payments; 3-5% for gift cards; No commission is charged for buying cybercurrencies; Paxful will charge a transfer fee for sending funds to an external wallet. $0 - $9.99 = 0.0001 BTC$ 10 - $19.99 = 0.0002 BTC;More than $20 = 0.0005 BTC.
  • The Paxful Wallet App makes it easy to store and manage coins with your mobile wallet.
  • More than 300 ways to buy coins, including bank transfer, credit and debit cards, PayPal, Western Union, and even Amazon, iTunes or Steam gift cards.
  • The security of the system is ensured by two-factor authentication, depositing and the obligatory verification procedure when working with large amounts.
  • Paxful Wallet for Android and iOS.

HitBTC

HitBTC is confidently among the TOP of cryptocurrency exchanges in terms of daily trading volume. And while liquidity is a very important indicator for a trading platform, it is far from the only advantage of this platform.

The trading interface of the HitBTC exchange is not fundamentally different from other exchanges. If you have worked with other sites, everything will seem intuitively clear. However, it is worth mentioning that all the blocks in the trading window are very functional and thought through in detail. Moreover, you can adjust the positions of all the blocks on the screen independently of each other according to your needs.

The registration process is simplified to the max, literally a minute or less from your first visit to the site to the start of the auction. There is a verification in HitBTC, but it is optional. As stated in your personal account, exchange management recommends that you go through the KYC procedure if you want to make large-scale transactions or withdraw large amounts of cryptocurrency.

Another feature that distinguishes HitBTC from other popular exchanges is the number of cryptocurrencies supported by the site. Today, the exchange offers the possibility to trade more than 200 tokens and cryptocurrencies. There are coins on the exchange that are not available on other leading platforms. This makes the platform unique and offers traders additional liquidity.

The full list of cryptocurrencies is traded in pairs with BTC, ETH, USDT, DAI, EOS, TUSD, EURS. And while there is no cash deposit or withdrawal at HitBTC, several stable coins are available on the platform:

  • 800 currency pairs.
  • No commissions for deposits and a fixed commission for withdrawals depending on the coin; HitBTC uses a multi-level trading fee calculation system. The more a user trades, the lower his commission will be.
  • No crypto wallet.
  • The HitBTC exchange can be replenished exclusively with digital currency.
  • The platform provides 2-factor authentication, high-end encryption technology and cold storage of funds.
  • No application.

Don't forget this! Exchanges are dynamically evolving systems, so the list of services and their conditions may change regularly.

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