Bitcoin is all the rage among investors in New Zealand after the world’s largest cryptocurrency embarked on a high-profile bull run in 2020 and 2021.
Tesla, Microstrategy and dozens of institutional investors have jumped on the bandwagon, and many Kiwis also want a slice of the action. You can mine Bitcoin or receive it as payment for completing a particular service, but the easiest way to get hold of it is to visit the leading Bitcoin exchanges.
This comparison is aimed at anyone that wants to invest in Bitcoin. It is perfect for newcomers seeking to buy crypto currency online for the first time. Our crypto exchanges New Zealand guide highlights the most trustworthy and reputable operators, and helps you understand their strengths and weaknesses.
You can then make an informed decision from a position of strength. You can also learn how we go about testing Bitcoin exchanges and glean advice on how to find the perfect Bitcoin exchanges for your particular needs. We have included sections on how to buy Bitcoin from the top cryptocurrency exchanges, where to store it and other cryptocurrencies that you might consider purchasing.
This Bitcoin exchanges comparison is also useful to seasoned crypto investors. The market moves quickly, and you could find a better deal by switching to a different exchange, or benefit from superior service. It is often advisable to register with multiple cryptocurrency exchanges, as they have different strengths. We update this page when new sites are launched, so you can bookmark this page to make sure you stay ahead of the curve.
The best exchanges for Bitcoin share several key traits. Keep these attributes in mind when searching for the best cryptocurrency exchanges for your needs:
The top Bitcoin exchange sites are easy to use. Registration should be simple, although rigorous security procedures should naturally be adhered to. You should then be presented with a clear interface. The site should be easy to navigate, free of unnecessary clutter and full of helpful shortcuts and analytical tools. It should make the process of buying and selling Bitcoin and other cryptocurrencies quick and simple, and withdrawals should be equally efficient. The site should also work well on all mobile and desktop devices, while offering several helpful analytical tools.
This has been a key concern for anyone using cryptocurrency exchanges ever since Mt. Gox announced that around 850,000 Bitcoins had been stolen in 2014. That exchange has long since been liquidated, but many of the current exchanges have also been hacked over the years. The best Bitcoin exchanges now use highly aggressive encryption software and demand two-factor authentication. Yet you should also be wary of leaving coins in an exchange hot wallet for long periods of time, and always remain vigilant to any scam sites purporting to be New Zealand crypto exchanges.
Regulation is highly unreliable in the crypto sector, so you generally have to rely on trust when dealing with Bitcoin exchanges. There are a number of scam sites that will simply take your money and run, so you should stick to the trustworthy sites listed on this crypto exchanges New Zealand page. These exchanges have all demonstrated a long-term commitment to treating customers fairly and paying them in full and on time.
Many people search for a Bitcoin exchange guide because they are hoping to make a profit. They have heard of Bitcoin’s phenomenal gains over the past decade and they do not want to miss out. Bitcoin is now commonly viewed as an alternative to gold, because there is a finite supply, it is fungible and it is portable, and they expect it to hold or increase value, especially during times of rampant inflation. However, high fees can significantly erode any profits you hope to make when you invest in Bitcoin, so it makes sense to search out the sites that charge reasonable transaction fees and withdrawal fees.
Bitcoin is the world’s largest and most popular cryptocurrency by market cap and trading volume, but many investors want broader diversification. There are hundreds of altcoins available, and you can buy many of them at the leading sites on our cryptocurrency exchanges list. Versatility is therefore important in terms of the trading options, but also in terms of the range of services provided, such as buying and selling, trading and so on.
Binance is an excellent choice for anyone that wants to buy, sell, trade, exchange and even mine Bitcoin. The business was founded in 2017 and it quickly became the world’s largest crypto exchange by every metric. It has held that status ever since, and it is easy to see why.
The trading fees on Binance are very reasonable, the liquidity is high, and the slippage is low. It features a huge range of altcoins, and it is renowned for adding new coins immediately after an ICO. The Binance ecosystem is also large and growing, featuring an incubator for blockchain projects and a token launch platform among other ventures.
Beginners can use the classic interface, while seasoned traders can access advanced trading tools, conduct margin crypto trading with leverage, and buy and sell derivatives. There is even a crypto mining pool. Customer service is available 24/7, the recent security record is robust, and it is a trustworthy operator with a strong record for reliability.
Other large Bitcoin exchanges by volume include Kraken, Coinbase and Gemini. Coinbase is a very good choice for newcomers, as it is very user friendly. It is also cheaper to withdraw small amounts of Bitcoin from Coinbase than it is from Binance.
However, it offers fewer altcoins than Binance, the trading fees are higher, and it does not offer the same level of charting and analytical data. Binance also has a Trust wallet in which you can store your coins if you so desire, thus eliminating the need for withdrawals.
Our experts sign up for accounts at all the various crypto exchanges New Zealand and then conduct a rigorous assessment of their strengths and weaknesses. They explore the quality of the user interface at each site, focusing on the ease of navigation along with the consistency, colours, typography, imagery, simplicity and functionality that contribute to the design. They monitor the speed, ease and effectiveness with which customers can buy Bitcoin, sell Bitcoin and make withdrawals.
Our reviewers assess the security levels on offer at the different Bitcoin exchanges. They delve deep into each site’s security record, checking for any recent hacks, compromised accounts, customer complaints and so on. They also make a note of the authentication systems put in place during registration, sign-in, trading and withdrawals, and check the SSL software that is in place.
Our team will also analyse the reputation of the various cryptocurrency exchanges vying for your business. They will gain feedback from across the crypto community, and make several deposits and withdrawals to check that the money arrives quickly and reliably. They assess the different trading fees, the liquidity, the spreads, the slippage, the withdrawal fees and so on to check how competitive each site is.
Our reviewers will make a note of the range of services offered at each of the cryptocurrency exchanges available in New Zealand, and the number of altcoins they offer alongside Bitcoin. They test how well each site works on a range of mobile devices, and they interact with customer service representatives to test waiting times and general helpfulness among staff.
After compiling these thorough reports, we can compare the various crypto exchanges New Zealand against one another, and highlight the very best Bitcoin exchanges for our readers. This is an ongoing process, and if our reviewers notice a dramatic improvement from one site or standards slipping at another site, we will quickly amend our Bitcoin exchanges list.
The best Bitcoin exchange for your needs depends upon the volume you intend to buy and sell, and on your priorities as an investor. It is generally advisable to stick to the leading Bitcoin exchanges by volume, as they have better liquidity and they have built up trust among large customer bases. These cryptocurrency exchanges all have different strengths and weaknesses.
If you are new to the world of Bitcoin exchange for cash, you might find Binance a little daunting. Coinbase would be a good option, as it has a very simple, clear interface and withdrawals are pretty reasonable for small amounts.
However, if you want to buy and sell a larger range of coins, and take advantage of advanced features and take part in ICOs, Binance might be a better option. Many prefer the limits on Kraken for large sales and purchases. You can always check out the Bitcoin exchange to dollar,
Bitcoin exchange to euro and so on when investigating Bitcoin exchanges prices, and work out which reputable operator will provide the best deal for the volumes you plan to trade.
The examples mentioned above are all centralized cryptocurrency exchanges run by specific companies. The alternative option is to check out decentralized cryptocurrency exchanges, which fit in with the whole decentralized ethos of Bitcoin and other cryptocurrencies. They are transparent, anonymous and arguably more secure, but they generally have low liquidity, limited functionality and clunky interfaces.
The process of signing up for high-quality, centralized Bitcoin exchanges should be quick, convenient and secure. Follow these simple steps to register with crypto exchanges New Zealand such as Binance:
Many people that read ourcrypto reviews find their perfect site, buy Bitcoin and then just leave it sitting in their accounts on their chosen exchange. This makes sense in terms of convenience, but it does pose a security risk. An exchange wallet is also known as a hot wallet, because it is web-based and open to hacking, phishing and other scams.
It is probably fine to leave Bitcoin or altcoins in your hot wallet for a short period of time – for example, if you are hoping to quickly sell it for a profit and withdraw NZD, or if you want to use it for trading – but many experienced investors move their holdings to external crypto wallets for safer long-term storage.
You can opt for a software wallet that sits on your desktop or mobile – these are helpful if you quickly want to transfer funds to retailers or service providers – but a hardware wallet that offers cold, offline storage is generally the safest option. Ledger and Trezor are the leading providers.
Cryptocurrency exchanges make it easy for people in New Zealand to buy and sell Bitcoin and hundreds of altcoins. If you stick to the safe, reliable operators, you should benefit from a high-quality experience and your funds should be kept safe at all times. However, you must take care to avoid scam sites, and you should also read reviews of the leading Bitcoin exchanges to work out their strengths and weaknesses, and find the site that best suits the volume of trading you plan to conduct.
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