Best Crypto Trading Platform New Zealand – Cryptocurrency has become a legitimate investment over the past few years and many Kiwis are looking to jump on board before it’s too late. There are many places where you can buy cryptocurrency online and you need to be careful to choose a safe and legitimate one. With over 7 years in the crypto industry, I have used and tested over 100 crypto exchanges and this is my list of the best crypto exchanges to use in New Zealand. Make sure I only recommend safe, reliable and legitimate crypto platforms.
From my extensive testing and research, these are the best cryptocurrency exchanges in NZ in 2023. I regularly test crypto exchanges and update my articles regularly to provide my readers with the most accurate and current information. I am the first to list any new features or cryptocurrencies available on any of the reviewed crypto exchanges.
Best Crypto Trading Platform New Zealand
#1. ByBit Exchange – Best Overall (Lowest Trading Fees) in NZ: FREE $10 BITCOIN WHEN DEPOSIT $100 SIGN UP USING THIS LINK
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Bybit is my #1 choice for crypto traders in New Zealand. It is perfect for those who want to trade crypto frequently to take advantage of market fluctuations and those who want to buy and hold their crypto for the long term.
ByBit is a highly secure and reliable exchange with over 10 million customers and daily trading volume regularly exceeding $10 billion. ByBit’s deep liquidity, 99.99% system efficiency and fast trading speed of 100,000 trades/second attract many users from New Zealand.
More than 280 currencies are available for trading on this platform, including spot trading and derivatives markets (USDT perpetual contracts, inverse perpetual contracts, inverse futures contracts). Bybit has the lowest trading fees in New Zealand at just 0.1%, one-sixth of what Swyftx charges. If you are a derivatives trader, you can get as low as 0.01% for makers and 0.06% for takers!
Experienced traders can take advantage of margin trading with leverage up to 100x. This makes it easy to get maximum profit from small fluctuations in the market even with a small investment. However, a reminder that you must understand the risks of margin trading. If the price is in your favor, you will lose your invested amount very quickly. It is not recommended for new traders and should only be used by experienced traders.
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Bybit offers a testnet (demo mode) that works just like the real site, and traders can try different strategies without using their real money. It’s a great learning tool that sets Bybit apart from its competitors, which don’t offer such a unique feature.
24/7 live chat support is always available and there is an insurance fund to protect traders from negative equity and excessive loss liability. If you sign up using this link, you will get $10 BTC for free when you deposit at least $100 as a limited offer.
Swyftx is designed to be user friendly and provides an easy way to allow the everyday person to get started with cryptocurrency. They certainly did that with an intuitive interface that even a complete beginner can understand and fast buy/sell functionality on the desktop site and mobile apps. There are over 320 cryptocurrencies available, which is plenty for even the most advanced crypto trader.
Kiwis prefer Swiftx because NZD can be used as base currency; Some other exchanges require currency conversion to USD, which means you lose money before you even start investing or trading. Swyftx has a low fee of just 0.6% per trade and low spreads averaging 0.51%, meaning a total combined fee and spread or spread of just 1.11%, according to this detailed test by popular crypto review site Marketplace Fairness.
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Apart from easy buying and selling, there are many other features. You can set up recurring purchases if you want cost averaging (DCA) of your investments. Swyftx also has bundles, which are packages of several cryptocurrencies that you can buy in one, saving you time while diversifying your investment across different coins.
Swyftx has a great focus on making the process easy for beginners and has a demo mode where you can practice trading for free with $10,000 of play money. You can learn the ropes and try different strategies before investing your real money. If you ever get stuck on the platform, you can easily contact the customer support team through live chat and their service is excellent.
Best of all, it’s free to deposit and withdraw NZD from your Swyftx account, and they offer a $20 free bitcoin signup bonus if you use this referral link. There’s no catch involved, and you don’t have to make a purchase or deposit money before receiving it. If you want to read more before making up your mind, you can check out our full Swyftx review here.
Binance is the world’s largest cryptocurrency platform by trading volume and is a very popular option in New Zealand for dedicated crypto traders. It is not recommended for beginners because there are many features that can be intimidating for first-timers, but if you have some experience with crypto, you will love what Binance has to offer.
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Binance has over 600 different coins on their exchange and they offer many additional features such as margin trading, crypto lending, P2P marketplace, NFT marketplace, staking and more. Trading fees are very low, only 0.1% per transaction, with the option to reduce it by 25% if you pay with their native coin, BNB. Sign up using this link and you’ll also get up to $100 in cashback vouchers.
If you want to automate your trading with bots, Binance is the right choice as it works seamlessly with many compatible trading bots. It allows you to trade continuously and take advantage of price fluctuations even while sleeping.
#4. MEXC TRADING PLATFORM – LOWEST FEES AND HIGHEST LIQUIDITY: $30 USDT FREE AND 10% DISCOUNT IF YOU SIGN UP USING THIS LINK
MEXC is the best crypto exchange for advanced crypto traders in New Zealand. It offers an incredible number of cryptocurrencies (1,520+), multiple markets, and the deepest liquidity of any crypto exchange. As you can see from the BTC/USDT liquidity graph below, MEXC has twice the liquidity of Bitget, and nearly ten times the liquidity of other major platforms such as Binance, Bybit, and KuCoin.
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Various trading options are available at MEXC including spot trading, margin trading (up to 125x leverage), futures trading, bot trading and copy trading. Trading fees are low, 0% (free) for spot trading and 0.0/0.01% (maker/taker) for futures trading. If you sign up using our unique link, you’ll get 10% off all your trading fees and $30 USDT for free.
With such a wide range of coins and over 2,110 trading pairs, serious crypto traders will love exploring all that MEXC has to offer. MEXC is a great platform where you can sign up and never need to use another exchange again because it has almost all the features you could ask for and they are constantly improving their site with additional tools and options.
Crypto.com is a great crypto app that allows you to easily buy and sell 250+ coins from the convenience of your mobile. There are no obvious trading fees, but the fee is included in the spread, which is the difference between buying and selling cryptocurrencies. What makes the Crypto.com app great is the stacking it offers. You can earn more than 40 different coins and earn up to 14.5% annual return. If you own a stake in Crypto.com’s native token called Kronos (CRO), you’ll get high returns on all your stacked coins.
The best part of the Crypto.com app that many people are excited about is the Metal Visa Debit Card. If you share a higher amount, you will get additional benefits. For example, you can get up to 5% cashback on all purchases made with the card (paid to you in CRO), 100% discounts on Netflix and Spotify, airport lounge access and 10% discounts on Expedia and Airbnb. Visa debit cards have no annual fee, and you don’t spend any of your crypto — you load it with fiat currency and spend it like a regular debit card.
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If you want access to a wide variety of coins, KuCoin is the crypto trading platform for you. There are over 700 different cryptocurrencies available to trade, with more added regularly. The trading fee is very low, only 0.1%, and if you pay with their own coin, KCS, you can reduce the fee by 20%.
For those who prefer to use trading bots to automate their strategies, Kucoin has free in-built bots that you can easily set up with just a few clicks. This means that you can earn a steady profit
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Originally posted 2023-08-25 08:58:46.
