Bitcoin trading 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 with all this diversity, how do you choose a trading platform that is right for you and will not disappoint you in the future? This brief overview will help you decide which exchange to choose.

Coinbase

Coinbase was founded in 2012, is a centralized platform and has high reliability. Coinbase wanted to prove to society that the future belongs to digital assets. The Coinbase platform is designed to operate in an international format. To this end, the website is translated into several foreign languages. The user interface is simple and straightforward, 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 data stored online is insured.

Coinbase customers can only have one personal account. Account registration and management are free of charge. As Coinbase positions itself as the most secure cryptocurrency platform, identity verification is performed with due diligence. Emailed copies of documents are out of the question. 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  • You can pay funds that can be deposited and withdrawn using a bank card, transfer and a range of payment systems.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 founded in 2017. The exchange has gained the trust of the cryptocurrency community, mainly thanks to its strong team of developers who understand its business very well. In August 2017, Yi Hee, a leading financier and most influential person in China's online economy, joined the company. Binance now regularly attracts new investors and sponsors to continuously develop and improve the platform.

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

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

In addition to the trading platform, Binance offers other 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 that is considered one of the largest resources in terms of trading volume associated with the euro. The main goal of this marketplace is to make digital currencies accessible and useful for users around the world.

Initially, the exchange only offered a meager selection of cryptocurrencies for trading (BTC, ETH and LTC). But since 2017, when the cryptocurrency market experienced impressive growth. The trading platform is aimed at both private investors and institutional traders. Much time has been spent on adding margin, futures and OTC trading, as well as dark pooling:

  • 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 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 ranks 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 now sharing the market, Bittrex is pushing them further and further behind.

The Bittrex development team states that security is their top priority. Bittrex uses a flexible, tiered 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 attacked by hackers in its history.

The Bittrex platform is designed to make deposits and withdrawals very quickly. As soon as a transaction is created, you 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 allow beginners and people with little trading knowledge to access 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 finance and high-frequency algorithmic trading.

Bitmex is considered a platform for the more experienced market participants.

BitMEX specializes in peer-to-peer P2P trading in cryptocurrency derivatives and has no direct competitors. All settlements on the platform are in BTC. Asset tokens have the usual symbols, with the exception of 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 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 handy tool.

You can also significantly increase your profits on BitMEX by using the margin tool, 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 was founded in 2012 and was one of the first professional platforms created in response to the great interest in cryptocurrency trading.

The Hong Kong exchange site bitfinex.com positions itself as a platform for professionals. It impresses with a variety of trading instruments, the possibility to create many types of orders, as well as the use of leverage and the support of 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 among 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 user interface before registering, but you cannot perform any transactions. Bitfinex offers diverse and sophisticated features, some of which are unprecedented:

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

When working on this site, it is very important to accept the fact that transactions are made directly, that is, with the counterparty itself, and not on the basis of exchange. Therefore, it is worth constantly checking your profile to analyze and look for positive customer feedback, history of transactions made, information about the duration of the account, the number of traders who have put you on the list of crooks or, conversely, on the whitelist.

Benefits include a user-friendly interface that even an inexperienced trader can understand, the ability to buy TCM in 248 national currencies, and the ability to find the most reliable and secure counterparty to work with 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 

Founded in 2014 in the US, the Poloniex cryptocurrency exchange continues to be one of the most popular platforms among traders and investors. It should be noted that the Poloniex cryptocurrency exchange has a nice, smooth design and an intuitive, user-friendly interface that is suitable for both experienced and novice traders. In addition to the traditional spot exchange, you will also find options (range) for margin trading on Poloniex, as well as a range for those who want to lend their money.

According to the new owners of Poloniex, they plan to grow the business, add more tokens to the offering and integrate support for fiat currencies.

To work with the Poloniex exchange, you only had to register so far. In order 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 to 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 company 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, the team has already established itself well and the exchange has been running smoothly since its launch.

Several factors have contributed to this, including robust protection of customer accounts from hacker attacks and the introduction of unique digital coin collection systems.

There is neither a sign-up bonus for newcomers nor a demo account on this crypto exchange, so you have to try trading with real money right away. Registration on the Kucoin exchange is as easy as it gets. 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 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 cannot 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 a simple 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

Founded in 2013, Coinmama 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 has quickly become one of the market leaders in this segment. The website 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 several days for a bank transfer, this site is a good choice. Another important advantage: your currency is not stored on the site, but transferred immediately to your wallet.

There are no complaints among customers about how the money changer works. Most comment on 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 Bitcoins and other virtual currencies continues to grow, more and more platforms for buying and selling cryptocurrencies are emerging. As the market seeks to streamline and simplify the process, most of the new services offer convenient peer-to-peer services. In this approach, transactions are conducted directly between users, with the website acting as an intermediary to regulate the process. Paxful is one such platform. The owners have taken care to offer a service that is as transparent and convenient as 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 allows buyers and sellers to connect directly to each other.

Paxful has a very responsive technical support team that can be contacted 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 metric for the trading platform, it is far from its only advantage.

HitBTC's trading interface is not fundamentally different from other exchanges. If you have worked with other sites before, everything will be intuitive. However, it is worth mentioning 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 wish.

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

Another feature that distinguishes HitBTC from other popular exchanges is the number of supported cryptocurrencies. Today, the exchange offers the possibility to exchange over 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! Stock exchanges are dynamic systems, so services and conditions can change regularly.

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