Best platforms to buy cryptocurrencies New Zealand 2021
In recent years, the cryptocurrency industry has grown at a rapid pace. Many blockchain startups are emerging, new cryptocurrency funds are being launched, the high volatility of the market attracts the attention of many traders, and as a result, the list of global cryptocurrency exchanges is regularly supplemented with more and more new platforms for trading digital assets.
Exchanges are becoming financial centers where most of the cryptocurrency money in circulation is concentrated and where active interaction between market participants takes place. But how can you choose a trading platform from all this diversity that suits you and will not become a disappointment in the future? A brief overview should help you choose your exchange.
Coinbase Exchange, founded in 2012, is a centralized platform and has high reliability. Coinbase was founded to prove to the public that the future belongs to digital assets. The Coinbase platform is designed to work in an international format. To this end, the website has been translated into several foreign languages. The user interface is simple and straightforward, even for beginners.
Coinbase exchange is one of the safest places to buy, sell and store cryptocurrencies. Most of the funds of the exchange's users are stored offline. And the data stored online is insured.
Coinbase customers can have only one personal account. Registration and account management are free of charge. Since Coinbase exchange positions itself as the most trusted cryptocurrency platform, identity verification is performed with all precautions. No copies of documents can be sent via email. All documents are verified via 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- You can pay funds that can be deposited and withdrawn using a bank card, transfer and a range of payment systems.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 is a cryptocurrency exchange that was founded in 2017. The exchange has gained the trust of the cryptocurrency community mainly because of its strong team of developers who are very good at their craft. In August 2017, one of the most important backers and influential people in China's online economy, Yi Hee, joined the company. Today, Binance regularly attracts new investors and backers to continuously develop and improve the platform.
Binance has the broadest list of cryptocurrencies and is open to cooperation with new coins. The list contains only the most promising cryptocurrencies.
The fast registration can be attributed to a pleasant advantage of the company. The top priority of the company is the protection of its traders. The account security is provided by the two-factor authentication. This means that to access the account, the user must provide not only a username and password, but also an individual key or code.
In addition to its trading platform, Binance offers other services that should be of interest to many members of the community. You can learn more about them on the website. This website is rightly considered 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 is an international cryptocurrency exchange that is considered one of the largest sources in terms of trading volume against the euro. The main goal of this website is to make digital currencies accessible and useful for users from all over the world.
Initially, the exchange offered a modest selection of cryptocurrencies (BTC, ETH, and LTC) for trading. But since 2017, the cryptocurrency market has shown impressive growth. The trading platform is aimed at both retail and institutional traders. A lot of time has been spent on adding margin, futures, OTC trading and 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 cryptocurrency exchange was founded in 2014 in Seattle, USA. This marketplace is one of the oldest on the Internet and has earned the trust of a large number of users around the world. Very often, Bittrex tops the ranking of cryptocurrency exchanges in terms of daily trading volume. Experts call Bittrex one of the most reliable and best cryptocurrency exchanges in the world. And while younger competitors are splitting the market today, Bittrex is likely to displace them.
The Bittrex development team states that security is their top priority. Bittrex uses a flexible, multi-tiered architecture to store funds. 90% of funds are stored in offline wallets in a secure location. The platform also has tools like two-factor authentication and other basic default settings. The Bittrex exchange has never been attacked by hackers in its entire history.
The Bittrex platform is designed to make deposits and withdrawals very fast. Once a trade is created, you can instantly view its status in your personal exchange account. Users can follow the process of crediting and confirming transactions in real time.
Another advantage is that Bittrex is structured in such a way that even beginners and people with little knowledge about cryptocurrency trading can access it:
- 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 was launched in early 2014 by HDR Global Trading, a company run by experts with 40 years of experience in high-frequency finance and algorithmic trading.
Bitmex is considered a platform for more experienced market participants.
BitMEX platform specializes in P2P peer-to-peer trading of cryptocurrency derivatives and has no direct competitors. All calculations on the site are performed in BTC. The assets have the usual symbols, except for Bitcoin - its unique identifier XBT is listed on the exchange.
BitMEX allows both upward and downward trading. Users can open both long and short positions. To avoid calculation errors, BitMEX offers a handy calculator in the left corner of the terminal. By specifying the entry and exit point in the cryptocurrency, the calculator will calculate the profit or loss. A very useful tool.
You can also significantly increase your profits on BitMEX by using margin trading, which allows you to make trades not with your own Bitcoin, but with borrowed Bitcoin:
- 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 is one of the largest cryptocurrency exchanges. Bitfinex was founded in 2012 and was one of the first professional platforms launched in response to the huge interest in cryptocurrency trading.
Hong Kong-based exchange bitfinex.com positions itself as a platform for professionals. It delights with a variety of trading tools, offers the possibility to create many types of orders, as well as work with leverage and support other traders.
You won't find any suspicious coins here, there are only about 40 of the most popular and reputable coins on the exchange. Bitfinex is known among users for its reliability and security.
There are no demo accounts at the fair. There is a "Demo" button on the home page. This allows you to familiarize yourself with the user interface before registering, but you cannot use it to make transactions. Bitfinex offers diverse and complex functions, 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 is a decentralized peer-to-peer exchange that specializes in connecting who sells cryptocurrencies and who buys them. A special feature of the exchange is the possibility to buy MTC offline. In this case, the selection of the offers that are most suitable for the trader is done according to the territorial location.
If you work on the basis of this site, it is very important to accept that the transactions are carried out directly, that is, with the counterparty itself, and not on the basis of the exchange. Therefore, it is worth constantly checking his profile, analyzing and looking for positive feedback from customers, the history of transactions carried out, information about the life of the account, the number of traders who put him on the list of scammers or, on the contrary, on the list of whites.
The advantages include a convenient and clear interface that even a novice trader can understand, the ability to buy MTC at the cost of national currency in 248 countries around the world, thanks to the exchange you can find the most reliable and secure counterparty with whom you can work directly 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.
Founded in 2014 in the United States, Poloniex cryptocurrency exchange remains one of the most popular platforms among traders and investors. It should be noted that Poloniex cryptocurrency exchange has a nice, soft design, comfortable and intuitive user interface, which is ideal for both experienced traders and beginners. Besides the traditional spot exchange, on Poloniex you can find options (range) for margin trading, as well as a section for those who want to borrow their money.
According to the new owners of the Poloniex exchange, they plan to work on scaling this business, adding new tokens to the offering and integrating support for fiat currencies.
In the past, in order to work with the Poloniex exchange, all you had to do was register. To be able to trade on the website, it is essential that you go through the exchange verification process. According to the Poloniex team, this was done to prevent fraud on the exchange and to increase the transparency of the company's operations:
- 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 was founded in 2017 as a service company for the cryptocurrency market. In recent years, this cryptocurrency exchange has become one of the most well-known and therefore popular ones. 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 been running smoothly since its launch.
Several factors have contributed to this, including reliable protection of customer accounts from hacker attacks and the introduction of unique systems for making money with digital coins.
For beginners, the cryptocurrency exchange does not offer any account sign-up bonus or demo account, so you will have to try trading with real money right away. Registering with the Kucoin exchange is quite simple. You start by 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 is a digital currency investment service founded in 2014 by Eric Demuth, Paul Klanschek and Christian Trummer. Bitpanda is registered in Austria and based in Vienna. In short, it is a cryptocurrency exchange that specializes in buying and selling Bitcoin and other altcoins in the Eurozone.
The exchange is primarily aimed at residents of the countries of the European Union. For example, entrepreneurs from the United States of America cannot open an account, get verified and 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. More than a million people visit the official website of the exchange every day. Besides, the website offers easy and fast registration and absolutely comfortable 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, has long been the first choice for consumers who want to buy cryptocurrencies via credit/debit card. The company was the first to offer this payment method and quickly became one of the market leaders in this segment. The website is accessible to almost everyone and serves 226 countries and most states in the US.
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 don't want to wait several days for a bank transfer to be processed, this site is a good choice. Another important advantage is that your currency is not stored on the site, but transferred to your wallet immediately.
There are no complaints from customers about the work of the exchange. Most of them refer to the simplicity, accessibility and functionality of the resource:
- 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.
As the demand for Bitcoins and other virtual currencies continues to grow, more and more platforms for buying and selling cryptocurrencies are emerging. The market is trying to streamline and simplify the process, which is why most new websites offer convenient peer-to-peer services. In this approach, transactions are carried out directly between users, with the website acting as an intermediary to handle the process. Paxful is one such platform. The owners have taken care to offer the most transparent and convenient service possible.
The exchange was founded in the USA in 2015. Ambitious programmers Arthur Shabak and Ray Yousef set out to create a peer-to-peer marketplace where sellers and buyers can communicate directly with each other.
Paxful has a very responsive support team that can be contacted by both email and phone. Also, the website has an online chat room for quick communication. The website has no restrictions on the location of the 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 confidently ranks among the TOP cryptocurrency exchanges in terms of daily trading volume. And while liquidity is a very important indicator for a trading platform, it is far from being its only advantage.
The trading interface of HitBTC exchange is not fundamentally different from other exchanges. If you have worked with other websites before, everything will be intuitively clear to you. However, it should be said that all the blocks of the trading window are very functional and thought out to the smallest detail. Besides, you can set the positions of all the blocks on the screen independently as you like.
The registration process has been made as simple as possible, literally a minute or even less separates you from your first visit to the website to the start of the auction. There is verification at HitBTC, but it is optional. As stated in your personal account, the exchange's management recommends you to go through the KYC process if you intend to trade on a larger scale or withdraw large amounts of cryptocurrency.
Another feature that sets HitBTC apart from the list of other popular exchanges is the range of cryptocurrencies supported by the website. Today, the exchange offers the possibility to trade more than 200 tokens and cryptocurrencies. The exchange offers coins that are not available on other top platforms. This makes the platform unique and provides investors with additional liquidity.
The entire list of cryptocurrencies is traded in pairs with BTC, ETH, USDT, DAI, EOS, TUSD, EURS. And although there is no way to deposit or withdraw fiat money on HitBTC, there are several stablecoins 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.
Remember. Scholarships are dynamic development programs, so the list of benefits and their conditions may change regularly.