Best trading platforms New Zealand 2021
          

The crypto industry has been growing rapidly in recent years. Many blockchain start-ups 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 platforms for trading digital assets.

Exchanges are becoming financial centers where most of the cryptocurrency money in circulation is concentrated and where there is a lot of interaction between market participants. But how do you choose a trading platform from all that variety that suits you and won't be a disappointment in the future? This brief overview should help you decide which exchange to choose.

Coinbase

Coinbase, founded in 2012, is a centralized platform and has a high degree of reliability. Coinbase wanted to prove to society that the future belongs to digital assets. The Coinbase platform was designed to operate in an international format. For this purpose, the website was translated into several foreign languages. The interface is simple and uncomplicated, even for beginners.

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

Coinbase customers can only have one personal account. Account registration and maintenance are free. Because Coinbase positions itself as the most secure cryptocurrency platform, identity verification is performed with utmost caution. There are no 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  • You can pay funds that can be deposited and withdrawn using a bank card, transfer and a range of payment systems.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 that was founded in 2017. The exchange has gained the trust of the cryptocurrency community, especially thanks to its strong development team, which knows its business very well. In August 2017, one of China's leading financiers and most influential people in the online economy, Yi Hee, joined the company. Binance now regularly attracts new investors and sponsors to continuously develop and improve the platform.

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

Quick registration can be attributed to a nice advantage of the company. The company's highest priority is the protection of its merchants. Account security is represented by two-factor authentication. This means that in order to log into the account, the user must enter not only a username and password, but also an individual key or code.

In addition to its trading platform, Binance offers additional services that will be of interest to many community members. You can learn more about them on the website. This site is widely 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 sources in terms of trading volume, linked to the euro. The main goal of this marketplace is to make digital currencies accessible and useful to users around the world.

Initially, the exchange offered a meager selection of cryptocurrencies to trade (BTC, ETH, and LTC). However, since 2017, when the cryptocurrency market showed impressive growth. The trading platform is aimed at both retail investors and institutional traders. Much time has been spent adding margin, futures and OTC trading, as well as darkpooling:

  • 8 tokens are available for.
  • 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 cryptocurrency exchange Bittrex was founded in 2014 in Seattle, USA. It is one of the oldest exchanges on the Internet and has gained the trust of a large number of users around the world. Bittrex often reaches the top positions 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 constantly pushing them back.

The Bittrex development team claims that security is their top priority. Bittrex uses a flexible layered architecture to store funds. 90% of the funds are stored in standalone wallets in a secure location. The platform also has tools such as two-factor authentication and other basic default settings. The Bittrex exchange has never been compromised by hackers in its history.

The Bittrex platform is designed to make deposits and withdrawals very fast. Once a transaction is created, you can immediately see its status in the exchange's trading room. Users can track the crediting process and confirm the transaction in real time.

Another advantage is that Bittrex is designed to give access to cryptocurrency trading even to beginners and people with little trading knowledge:

  • 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, led 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 specializes in P2P trading between cryptocurrency derivative pairs and has no direct competitors. All payments on the platform are in BTC. Asset tokens have the usual symbols, except for bitcoin - its unique identifier XBT can be found on the exchange.

BitMEX allows you to trade both up and down. Users can open both long and short positions. To ensure that you do not make a mistake in the calculation, BitMEX provides a handy calculator in the left corner of the terminal. By specifying the entry and exit point in the cryptocurrency, the calculator calculates the profit or loss. A very useful tool.

You can also significantly increase your BitMEX earnings by using margin trading, which allows you to trade with borrowed bitcoins instead of your own:

  • 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. Bitfinex, founded in 2012, was one of the first professional platforms to be established in response to the great interest in cryptocurrency trading.

The Hong Kong-based exchange bitfinex.com positions itself as a platform for professionals. It impresses with a variety of trading instruments, the ability to create many types of orders, and also to use leverage and sponsor other traders.

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

There are no demo accounts on the exchange. There is a "Demo" button on the home page. This allows you to familiarize yourself with the interface before registering, but you cannot transact with it. Bitfinex offers diverse and sophisticated features, some of which are unmatched:

  • 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 exchange that specializes in connecting those who sell cryptocurrencies and those who buy them. A distinctive feature of the exchange is the ability to buy TCMs offline. It selects the trades that best suit the merchant's geographical location.

When working on this site, it is very important to accept that transactions are carried out directly, that is, with the counterparty itself, and not on the basis of exchange. Therefore, it is worth constantly reviewing your profile, analyzing and looking for positive feedback from customers, the history of transactions made, information about the life of the account, the number of traders who have added you to the list of crooks or, conversely, to the whitelist.

Benefits include a user-friendly interface that even a novice trader can understand, the ability to buy ERM in 248 national currencies, and the ability to 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 

Founded in the US in 2014, the 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, smooth design and an intuitive, user-friendly interface, which is great for both experienced and novice traders. In addition to the traditional spot exchange, on Poloniex you will find options (section) for margin trading and a section for those who want to lend their funds.

According to the new owners of Poloniex, they plan to work on expanding the business by adding more tokens to the listing and integrating support for fiat currencies.

Previously, you only had to register to work with the Poloniex exchange. Now, to trade on this site, you have to be verified by the exchange. According to the Poloniex team, this was done to combat exchange fraud and make the company more transparent:

  • 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 founded in 2017 as a service provider on 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, the team is already well established, and the exchange has run smoothly since its launch.

Several factors have contributed to this, including robust protection of customer accounts against hacking and the introduction of unique systems for earning digital currencies.

There are no sign-up bonuses for newbies on this crypto exchange, and there is no demo account either, so you should try trading with real money right away. Registration on the Kucoin exchange is as simple as possible. 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 launched in 2014 by Eric Demuth, Paul Klanscheck 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 aimed at residents of European Union countries. For example, traders from the United States of America will not be able to open an account, get verified and use the service.

The exchange is completely open and does not hide any information about its license and team, so many people trust it. More than a million people visit the exchange's official website every day. In addition, the service has easy and fast registration and an absolutely user-friendly and intuitive 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

Coinmama, founded in 2013, has long been the choice of consumers looking to purchase cryptocurrencies via credit/debit card. The company was the first to offer this payment method and has quickly become one of the leaders in the segment. The site is accessible to almost everyone, serving 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 have to wait a few days for a bank transfer to be completed, this site is a good choice. Another important advantage: your currency is not stored on the site, but is immediately transferred to your wallet.

There are no complaints about how the changer works among customers. Most comment on the simplicity, accessibility, and functionality of the tool:

  • 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 bitcoins and other virtual currencies continues to grow, more and more platforms to buy/sell cryptocurrencies are emerging. As the market seeks to streamline and simplify the process, most new services offer convenient peer-to-peer services. In this approach, transactions are made 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 provide the most transparent and convenient service possible.

The exchange was founded in the US in 2015. Ambitious creators Arthur Shabak and Ray Yousef decided to create a peer-to-peer trading platform that would allow buyers and sellers to contact each other directly.

Paxful has a highly responsive technical support team that can be reached by email and phone. The site also has an online chat room 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 firmly among the leading cryptocurrency exchanges in terms of daily trading volume. And while liquidity is a very important measure of the trading platform, it is certainly not its only advantage.

HitBTC's trading interface is not fundamentally different from that of other exchanges. If you have ever worked with other sites, everything will be intuitive. However, it is worth saying that all the blocks in the trading window are very functional and well thought out down to the smallest detail. In addition, you can adjust the position of all the blocks on the screen as you like.

The registration process is as simple as it gets, literally a minute or less separates you from your first visit to the site to the start of trading. There is a verification on HitBTC, but it is optional. As stated in your personal account, exchange management recommends that you go through the KYC procedure if you are going to trade in large scale or withdraw large amounts of cryptocurrencies.

Another feature that distinguishes HitBTC from other popular exchanges is the range of cryptocurrencies it supports. 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 way to deposit or withdraw fiat money on HitBTC, there are some stable coins 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! Exchanges are dynamic systems, so services and conditions may change regularly.

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