Best trading platforms New Zealand 2021
In recent years, the cryptocurrency 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 cryptocurrencies in circulation are concentrated and where there is active interaction between market players. But how do you choose among all this variety a trading platform that suits you and will not become an object of disappointment in the future? A quick overview should help you know which exchange to choose.
The Coinbase exchange, founded in 2012, is a centralized platform and has a high reliability index. The aim of founding Coinbase was to demonstrate to society that the future belongs to digital assets. The Coinbase platform is intended to operate in an international format. To this end, the website has been translated into several foreign languages. The interface is simple and uncomplicated, 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 those stored online are insured.
Coinbase customers can only have one personal account. Registration and account maintenance are free of charge. Since the Coinbase exchange is positioned as the most reliable cryptocurrency platform, identity verification is performed with due care. Copies of documents sent by email are discarded. 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- You can pay funds that can be deposited and withdrawn using a bank card, transfer and a range of payment systems.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 thanks to a strong team of developers who know their job very well. In August 2017, one of the most important backers and influencers in the Chinese online economy, Yi Hee, joined the company. Currently, Binance regularly attracts new investors and sponsors for the continuous development and improvement of the platform.
Binance has the largest list of cryptocurrencies and is open to work with new coins. Only the most promising cryptocurrencies are listed.
The fast registration can be attributed to a nice business advantage. The main priority of the company is the protection of its traders. Account security is represented by two-factor authentication. This means that to access 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 read more about them on the website. This site 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, considered one of the largest sources in terms of trading volume in pairs with the euro. The main goal of this site is to make digital currency accessible and useful for users around the world.
At first, the exchange offered a meager selection of cryptocurrencies (BTC, ETH and LTC) for trading. But since 2017, when the cryptocurrency market has shown impressive growth. The trading platform targets both retail investors and institutional traders. A lot of time has been spent on adding margin, futures and OTC trading, as well as darkpool:
- 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 gained the trust of a large number of users from all over the world. Very often, Bittrex ranks among the top cryptocurrency exchanges in terms of daily trading volume. Experts consider Bittrex to be one of the most reliable and best cryptocurrency exchanges in the world. And while younger competitors are dividing the current market, Bittrex is confidently defending itself.
The Bittrex development team says that security is their top priority. Bittrex uses a flexible multi-tier architecture to store funds. 90% of funds are stored in offline wallets in a secure location. The platform also has tools such as two-factor authentication and other basic default settings. In its entire history, the Bittrex exchange has never been compromised by hackers.
The Bittrex platform is designed to make deposits and withdrawals very fast. Once a transaction is created, you can immediately view its status in the exchanger's personal account. Users can follow the process of crediting and confirming the transaction in real time.
Another advantage is that Bittrex is made in such a way that even beginners and people with little knowledge of 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, led by experts with 40 years of experience in finance and high-frequency algorithmic trading.
Bitmex is considered a platform for the most experienced players in the market.
BitMEX platform is specialized in trading between cryptocurrency derivative pairs and has no direct competitors. All calculations within the site are made in BTC. Asset tickers have the usual symbols, with the exception of bitcoin: its unique identifier XBT appears on the exchange.
BitMEX allows both long and short trading. Users can open long and short positions. To avoid making calculation errors, 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 profit or loss. A very useful tool.
You can also significantly increase your profits on BitMEX by using margin trading, which allows you to trade 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 is one of the largest cryptocurrency exchanges. Founded in 2012, Bitfinex was one of the first professional platforms that were created in response to the huge 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, offers the possibility to create various types of orders, as well as to work with leverage and sponsor other traders.
Here you will not find any dubious currencies, there are only about 40 of the most popular and reputable ones on the exchange. Bitfinex is famous 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 interface before registering, but you cannot use it to make transactions. Bitfinex offers a variety of complex features, some of which have no analogues:
- 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, specialized in connecting those who sell and those who buy cryptocurrencies. A distinctive feature of the exchange is the possibility to buy TCM offline. In this case, the selection of the most suitable offers for a trader is made by territorial location.
When working on the basis of 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 the exchange. Therefore, it is worth constantly checking your profile, analyze and look for positive customer reviews, the history of completed transactions, information about the life of the account, the number of traders who have added you to the list of fraudsters or, conversely, to the target list.
The advantages include a convenient and clear interface that even a novice trader can understand, the ability to buy MTC at the expense of the national currency in 248 countries of the world, thanks to the exchange you can find the most reliable and secure counterparty, with which 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.
Poloniex cryptocurrency exchange, created in the United States in 2014, remains one of the most popular platforms among traders and investors. It is worth noting that Poloniex cryptocurrency exchange has a smooth and pleasant design, convenient and intuitive interface, which is perfect for both experienced traders and beginners. In addition to traditional spot trading, on Poloniex you will find options (section) for trading on margin, and also a section for those who want to lend their money.
According to the announcement of the new owners of the Poloniex exchange, they plan to work on expanding the business, adding new tokens to the list and integrating fiat currency support.
In the past, in order to work with the Poloniex exchange, you only had to register. Now, in order to conduct trading activities on this site, it is absolutely necessary to go through the verification on the exchange. According to the Poloniex team, this was done to prevent fraud on the exchange 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 was established 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. 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.
This development has been facilitated by several factors, such as the reliable protection of customer accounts against hacking and the introduction of unique systems for earning money with digital currencies.
For beginners, the cryptocurrency exchange does not offer any bonuses for registering an account, nor is there a demo account, so you will have to try trading with real money from the start. Signing up with the Kucoin exchange is as simple as it gets. 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 launched in 2014 by Eric Demuth, Paul Klanschek and Christian Trummer. Bitpanda is registered in Austria and is headquartered in Vienna. In short, it is a cryptocurrency exchange specialized in buying and selling bitcoins and other altcoins in the Eurozone.
The exchange is primarily intended for residents of European Union countries. For example, traders from the United States of America will not be able to open an account, pass verification and use the services of the service.
The exchange is completely open and does not hide any information about the license and equipment, so many people trust it. More than one million people visit the official website of the exchange every day. In addition, the service has a quick and easy registration and an absolutely practical 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, founded in 2013, has long been the choice of consumers who want to buy cryptocurrencies with a credit/debit card. The company was the first to offer this payment method and quickly became one of the leaders in the segment. The site is accessible to almost everyone, serving 226 countries and most U.S. 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 not have to wait a few days for a bank transfer, this site is a good option. Another important advantage is that your coin is not stored on the site, but is immediately transferred to your wallet.
Clients do not complain about the work of the Exchange. Most of them emphasize 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 bitcoin and other virtual currencies continues to grow, more and more cryptocurrency buying/selling platforms are emerging. The market is trying to streamline and simplify this process, which is why most new services offer convenient peer-to-peer services. In this approach, transactions take place directly between users, with the site acting as an intermediary that handles the process. Paxful is one such platform. Its owners have taken care to offer the most transparent and convenient service.
The exchange was founded in the United States in 2015. Ambitious developers Arthur Shabak and Ray Yousef decided to create a peer-to-peer marketplace where sellers and buyers could contact each other directly.
Paxful has a very responsive technical support team that can be contacted by both email and phone. In addition, there is an online chat on the site for quick communication. The site has no restrictions on user location. 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 is safely among the top cryptocurrency exchanges in terms of daily trading volume. And although liquidity is a very important indicator for a trading platform, it is by no means its only advantage.
The trading interface of the HitBTC exchange is not fundamentally different from other exchanges. If you have worked with other sites before, everything will be intuitively clear. However, it must be said that all the blocks in the trading window are very functional and thought out in great detail. In addition, you can set the positions of all blocks on the screen independently of each other, as you wish.
The registration process has been simplified to the maximum. Literally a minute or less separates you from the first visit to the site and the start of the auction. There is verification on HitBTC, but it is optional. As stated in your personal account, the exchange management recommends that you go through the KYC procedure if you intend to make large-scale transactions or withdraw large amounts of cryptocurrencies.
Another feature that sets HitBTC apart from the list of other popular exchanges is the range of cryptocurrencies supported by the site. Currently, the exchange offers the ability to trade more than 200 tokens and cryptocurrencies. There are coins on the exchange that are not available on other top 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 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 systems of development. Therefore, the list of services and their conditions may change regularly.