Best Crypto Exchanges in NZ

Best Crypto Exchanges in NZ

Daniel Chan

October 25, 2021


Cryptocurrency Exchange Lists

Best cryptocurrency exchanges in New Zealand for 2021

  1. Swyftx– Best Crypto Exchange
  2. Independent reserve – Great Bitcoin Exchange
  3. Binance – Great Advanced Trading Platform
  4. – Great Global Cryptocurrency Exchange
  5. Bitstamp – One of The Oldest Crypto Exchanges
  6. Gemini - The Winklevoss twins company
  7. Changelly
  8. Bittrex
  9. Coinmama
  11. Cash App
  12. Skrill crypto options

Best cryptocurrency exchanges in NZ for 2021

  • Swyftx – Best Crypto Exchange
  • Independent Reserve – Great Bitcoin Exchange
  • Binance – Great Advanced Trading Platform
  • – Great Global Cryptocurrency Exchange
  • Bitstamp – One of The Oldest Crypto Exchanges
  • Gemini - The Winklevoss twins company
  • Changelly
  • Bittrex
  • Coinmama
  • Cash App
  • Skrill crypto options

Best cryptocurrency exchanges in New Zealand for 2021

Independent Reserve9.80.20%
Cash App7.60.35%
Skrill crypto options72.20%

Everyone is talking about cryptocurrency these days, and maybe you are looking to get your feet wet in the crypto market. If you are looking to buy some crypto such as Bitcoin (BTC) and Ethereum (ETH), then crypto exchanges are the easiest way to get started. In this guide to the best crypto exchanges in New Zealand, we have tested and compared some of the popular exchanges in various categories to assist you in finding the best one for your personal needs. All of these exchanges are available for NZ residents, support NZD, and are trusted, legitimate platforms. Here are our top recommendations: 

Crypto ExchangeFeaturesScoreSign Up
Best overall for NZ

☑️ Free $20 BTC signup bonus, after a quick verification process

☑️ Purchase over 270+ cryptocurrencies using NZD, with low fees of 0.6%

☑️ Demo account to practise trading with virtual money

Open Account
Best for serious trading

☑️ A great option for serious traders, low fees, and access to over 300+ coins

☑️ Only ever pay a flat fee of 0.1% when trading crypto to crypto on this platform

☑️ Offers many additional features such as staking, futures trading, P2P marketplace

Open Account
Best for staking

☑️ Supports 150+ cryptocurrencies, and stake over 40+ coins including CRO coin for additional benefits

☑️ Visa debit card with up to 8% cashback on purchases and additional benefits, such as Airport Lounge access

☑️ Insurance cover on cryptocurrencies

Open Account
Best for crypto insurance
Independent Reserve
Independent Reserve

☑️ Independent Reserve focuses on security as one of their priorities and even offers insurance for premium accounts

☑️ Supports 27 cryptocurrencies that you can trade starting at a 0.5% fee, which reduces based on volume

☑️ Instant deposits, automatic dollar-cost averaging (DCA), tax reports

Open Account
Purchase quickly
Easy Crypto NZ
Easy Crypto NZ

☑️ Buy crypto instantly using NZD without having to deposit beforehand

☑️ Take control of your own assets - nothing is stored online on the exchange

☑️ 100% funds safety guarantee on each order

Open Account
Best for altcoins

☑️ Fees from 0.1% and a loyalty scheme which earns you their native cryptocurrency (KCS)

☑️ Free trading bots to execute trades automatically for you

☑️ Offers over 250+ cryptocurrencies & over 40 fiat currencies

Open Account

Best NZ Cryptocurrency Exchanges for 2021: Reviews

1. Swyftx Exchange - Best overall for New Zealand

MarketPlace Fairness SPECIAL OFFER

Receive FREE $20 BTC by clicking here to register

Swyftx is a beautifully-designed, feature-rich platform for cryptocurrency trading, and is my top recommendation for New Zealanders. The user-friendly design and overall layout of both the desktop site and mobile app make it perfect for beginners as well as experienced traders. Swyftx offers over 270+ cryptocurrencies to buy and sell, with low transaction fees of only 0.6% per trade. With the generous bonus offer of FREE $20 of BTC for new users, it’s clear how Swyftx has quickly become the #1 cryptocurrency exchange in New Zealand.

To sign up with Swyftx is extremely quick and easy, along with the short verification process, which does NOT require taking photos of yourself. Once the verification is complete, you will receive $20 FREE BTC in your account, even before you have made a deposit. If you are a beginner to cryptocurrency, you can easily turn on the unique demo setting, where you can navigate the platform with no risk - you can practise buying and selling using free play money. Swyftx focuses on its customers, with an FAQ database, tutorials from the Swyftx team, and Live Chat support team. 

Personally, I find Swyftx to be an excellent crypto exchange that is very customer-focused and easy to use, and we've heard lots of positive feedback from new users who remark how easy it is to get started buying their first crypto. If you are looking for a secure trading platform that makes it easy for anyone to get started, I highly recommend you try out Swyftx.

Swyftx charges a flat fee of 0.6% for all trades, with no fees hidden in the spread unlike some competitors. Swyftx has the lowest spreads in the New Zealand crypto market, (only 0.45% on BTC, and averaging 1.7% overall) because they can access large international pools of trading volume, passing on the benefit to their customers. 

The longer you use Swyftx, the more useful tools and features you will discover. For example, I found the Price Alert feature to be particularly useful, as it sends instant notifications when a selected coin reaches a pre-set price, so you can buy or sell at the most opportune time. 

One downside that Swyftx used to have was their limited trading options, but they have changed this, as promised. They no offer trading between any two cryptocurrencies, eg: you can swap Bitcoin straight to ADA, instead of selling Bitcoin to NZD, then buying ADA using NZD. 

  • Live Chat customer support that is ready to assist when you need
  • Purchase over 270+ cryptocurrencies using NZD
  • Low fees of 0.6% and low spread, with no hidden costs - fees are clearly displayed when trading
  • Free $20 BTC signup bonus, after a quick verification process
  • Demo mode so you can practise with play money

2. Binance Exchange - Best for Serious Trading

Binance has created a remarkable platform for serious cryptocurrency traders, and its popularity around the world is testament to that. Binance is the largest crypto exchange in the world based on trading volume, and its low trading fees (starting at only 0.1%) is only one of the reasons why users love the platform. There are a ton of additional services such as staking, futures trading, P2P marketplace, and over 300+ different coins, that make Binance a great place to trade.

If you're keen to trade crypto frequently, then Binance is the platform for you. With extremely competitive fees of 0.1%, option to reduce fees if you own their coin (BNB), and fee reductions based on high trading volume, Binance is the most cost-effective way to trade and maximise your profits. Binance is also compatible with third-party trading bots which are able to automate your strategy.

The major downside of Binance is that it does not accept NZD as a deposit method. If you want to access Binance's services you can purchase crypto using a different exchange, for example Swyftx, then transfer it to Binance so you can stake it, or trade it.

  • Only ever pay a flat fee of 0.1% when trading crypto to crypto on this platform
  • You have the option to reduce your trading fees even further by taking advantage of Binance Coin (BNB), the native cryptocurrency of the exchange.
  • Get access to Binance Lite, a simplistic version of the platform that is more user friendly for beginners
  • A great option for serious traders, low fees, and access to over 300+ coins

3. App and Exchange - Best for Staking is an excellent crypto platform for Kiwis that are interested in staking their coins. If you are unfamiliar with the term staking, it is essentially like holding your money in the bank, but instead you are doing it with cryptocurrency. By 'staking' your cryptocurrency, you are locking it up, which helps to validate the transactions on the blockchain, and you receive rewards for doing so. The reward you receive is more of the coin that you have staked, eg: if you stake Cardano, you will receive more Cardano as a  reward. 

Staking is a great idea if you plan on holding your cryptocurrency long term. You might as well earn some extra crypto while you hold it, and is the best for helping you do this. On's desktop exchange and mobile app, there are over 150+ different cryptocurrencies, and you can stake over 40+ of these coins. Depending on various factors, you can earn up to 14.5% APR on coins staked on even has their own native coin, called CRO that can be staked, which gives a range of excellent benefits. You will receive up to 12% APR for staking CRO, and you can access lower trading fees, higher APR on other staked coins, and a premium metal Visa debit card. With this Visa debit card, you can receive up to 8% cashback on all purchases (paid in CRO), rebates on subscriptions (Netflix, Spotify) and bookings (Expedia, Airbnb), and better APR in Crypto Credit and Crypto Earn.

  • Visa debit card with up to 8% cashback on purchases and additional benefits, such as Airport Lounge access
  •'s own CRO coin comes with many benefits if you stake on their platform
  • Offers access to more than 150+ cryptocurrencies
  • Insurance cover on cryptocurrencies
  • Staking on over 40+ coins, and receive up to 14.5% APY

Related articles: vs Coinbase

4. Independent Reserve Exchange - Best for Crypto Insurance

Independent Reserve is another top exchange for New Zealand residents, and it rivals Swyftx in respect with a few factors: firstly, Independent Reserve has lower trading fees of only 0.5% compared to Swyftx's 0.6%. In addition, if you are a large-volume trader, you can reduce your fees depending on how much you traded in the last 30 days. Another way Independent Reserve beats Swyftx is that it offers insurance on cryptocurrency up to $5 million.

Independent Reserve is well-suited for SMSFs, family offices, sophisticated investors and businesses that want to trade large amounts over $100 000. They have an excellent OTC desk, and generate tax reports powered by KPMG.

One drawback of Independent Reserve is that only 27 different cryptocurrencies are supported on their platform. Fortunately most of the popular coins and frequently traded coins are found on Independent Reserve.

  • Independent Reserve focuses on security as one of their priorities and even offers insurance for premium accounts
  • Supports 27 cryptocurrencies that you can trade starting at a 0.5% fee, which reduces based on volume
  • Instant deposits, automatic dollar-cost averaging (DCA), tax reports

5. Easy Crypto Exchange - Best for Purchasing Quickly

Easy Crypto NZ is the best exchange for those that want to buy crypto straight away. It works in a different way to most other crypto exchanges, because it does not hold or store any of your fiat or digital funds. When you want to buy a particular coin, you click buy, and you are faced with the purchase screen where you transfer money straight from your bank. You don't need to deposit your fiat currency into the exchange first before you can make your payment. 

After you make your crypto purchase, the coins are immediately sent directly to your personal wallet (either a hot wallet or cold wallet), and is not held on Easy Crypto's platform. This ensures that your cryptocurrency is always in your control and there is no risk of losing your digital assets even if Easy Crypto is hacked. Easy Crypto NZ even offers a 100% funds guarantee on all orders, so you can invest and trade with peace of mind.

  • 100% funds safety guarantee on each order
  • Take control of your own assets - nothing is stored online on the exchange
  • Buy crypto instantly using NZD without having to deposit beforehand
  • Transparent fees and no hidden costs

6. KuCoin Cryptocurrency Exchange - Best for Altcoins

KuCoin is well-known around the globe for its huge range of cryptocurrencies (over 250+ altcoins) and low trading fees (from 0.1%). KuCoin has a popular loyalty program that allows investors to earn KCS (KuCoin's own token), as well as receiving discounted fees when paying fees using KCS. The exchange is full of features such as Margin trading, Spot trading, P2P marketplace, Futures trading, and Crypto lending. To find out more information, see our full KuCoin review.

  • No need for full verification upon sign-up, and low trading fees of 0.1% that can be discounted using KCS coin
  • Free trading bots to execute trades automatically for you  
  • Over 250+ different coins against both ETH and BTC trading pairs and over 40 fiat currencies

Comparison Table of the Best Crypto Exchanges in NZ

Independent Reserve
Easy Crypto NZ
Crypto Exchange
Crypto Exchange
Independent Reserve
Easy Crypto NZ
Fiat Currencies
Fiat Currencies
USD, AUD, GBP, EUR, CAD, HKD, JPY & 35 more
NZD, USD, CAD, CHF, EUR, GBP, AUD, SGD, JPY & 10+ more
NZD, USD, EUR, GBP, RUB, AUD & 40+ more
BTC, BTG, BCH, ADA, ETH, ETC & 270+ more
BTC, ETH, LTC, BNB, ADA, XRP & 300+ more
BTC, ETH, LTC, XRP, CRO, ADA, DOT, SOL, DOGE & 140+ more
BTC, ETH, LTC, XRP, BCH, ADA & 20 more
BTC, BTG, BCH, ADA, ETH, LTC, NEO, XRP & 130+ more
BTC, DOT, ADA, ETH & 250+ more
Deposit Methods
Deposit Methods
Bank transfer, Credit card, Cryptocurrency
Cryptocurrency, Cannot deposit NZD
Bank Transfer, Credit/Debit card, PayPal, Cryptocurrency
Bank Transfer, International Deposit, Cryptocurrency
Bank Transfer, POLi, Account2Account
PayPal, Apple Pay, Debit/Credit card, Cryptocurrency
Trading Fees
Trading Fees
Exchange: from 0.4%, App: Free (included in spread)
0.5% - 1.6%

How to Choose a Cryptocurrency Exchange

If you have just started your search for a crypto exchange, you will know that there are tons to choose from, each claiming to be better than the competition. How do you decide which is the best option for your specific needs? A good way to start is by researching as many different exchanges as possible, familiarising yourself with the features offered, and comparing the pros and cons of each. Here are some important factors to consider when choosing your crypto exchange:

User-friendliness & trading tools

Getting started can be confusing if you are new to crypto, while on the other hand, more experienced traders may want a platform that offers more advanced features.

Payment Methods

Consider how you want to deposit money to the exchange and make sure that your preferred payment method is available. Most exchanges accept popular options like credit and debit cards or PayPal.

Trade type

Consider whether you want to trade fiat-to-crypto, crypto-to-crypto, or a combination of both. 


How much is it going to cost you to buy and sell crypto from the beginning to the end of the process on the platform? Remember to consider any fees associated with the payment method you plan to use, exchange rates, and any discounts you might be entitled to.


Be aware of any deposit and withdrawal limits that you may be subjected to when using the exchange. Minimum and maximum limits may apply.


Do you want to trade on a web browser, or do you prefer the option to trade from a mobile app? How easy will it be for you to access your exchange account wherever you are?

Loyalty programs & discounts

Does the exchange offer any discounts or rewards for those who meet certain guidelines, such as keeping up a certain trade volume each month?

Exchange rates

Compare cryptocurrency exchange rates across a variety of different exchanges - you may be surprised to see just how much they can fluctuate.


The higher the liquidity of the exchange, the easier and faster it will be for you to complete trades. Larger crypto exchanges tend to have high liquidity levels.

Account verification

Most platforms will require you to verify your identity before allowing you to begin trading. Are you happy to give out this information or would you prefer to use an anonymous platform?

Processing times

When you deposit money into or withdraw money from the exchange, how long can you expect to wait for your transaction to complete?


Security should be a top priority when choosing a crypto exchange. Platforms without a range of high-security features such as two-factor authentication, strong account verification processes, 24/7 security monitoring, and offline secure storage for customer funds leave you vulnerable to hackers and fraudsters. 


The crypto industry is still quite lightly regulated, and how an exchange is regulated will depend on where it is based.

Customer support

What is the customer support like on the exchange? Is there Live Chat support? Is a customer service team available at all times? How responsive and helpful are customer service agents?


Overall, you should look for an exchange that has a strong reputation for being reliable and secure. Read independent reviews and find out about as many user experiences as possible - both positive and negative - to find out what the exchange is doing well and where it could do better.

How to Use a Cryptocurrency Exchange

  • Buying Crypto with Fiat

  • Crypto to crypto

  • Selling & Withdrawing

1. Buying Cryptocurrency with Fiat Currency

Imagine that you have $500NZD available to buy Bitcoin with. Follow these steps:

  1. Compare and research crypto exchanges to find one that’s the right choice for you.
  2. Register and potentially verify your account on the platform, including providing any proof of ID and personal details required.
  3. Head to the ‘Buy’ screen once you’re set up.
  4. Select Bitcoin as the cryptocurrency you plan to purchase.
  5. Select your payment currency (NZD in this case) and specify $500 as the amount that you want to spend.
  6. Choose your preferred payment method.
  7. Enter your payment details.
  8. Review the full details of your transaction. Check the amount of BTC that you’re purchasing and make sure that you are aware of any fees that apply.
  9. Click ‘Buy BTC’ if you are happy to proceed.
  10. The BTC will be deposited into your exchange wallet, or another address nominated by you once the transaction has been processed.

How to Pay for Your Cryptocurrency

You need to deposit funds into your crypto exchange account to purchase crypto. Exchanges typically accept a wide range of different deposit methods, which may include:

  • Credit and debit card payments
  • Online payment services like PayPal
  • Cash deposits
  • Bank transfers
  • POLi
  • Google Pay and Apple Pay
  • Cryptocurrency transfers
  • Prepaid cards

Note: Each crypto exchange will offer different deposit options, so be sure to check that the exchange you want to use supports your preferred method of payment.

The Different Types of Cryptocurrency Exchange

When we use the term cryptocurrency ‘exchange’, we refer to a range of cryptocurrency platforms, which include the following:

  • Brokers

  • Trading Platforms

  • Peer-to-Peer Exchanges

Best for: Novices and those who want a quick, easy method of buying crypto.

Downsides: Can be more expensive compared to other options and might not always offer as large a cryptocurrency selection.

Cryptocurrency brokers will typically offer the simplest, most convenient option for purchasing digital currency. Using a broker is easy, it is like buying your crypto from a shop. The broker will purchase digital tokens and coins at wholesale rates, add their own margins, and sell them to you.

If you are looking for a quick and easy way into the world of buying and selling crypto, a broker could be the best platform for you. They are designed to be easy for anyone to use and you can make payments with your credit or debit card.

Is it Safe to Store Your Cryptocurrency on an Exchange?

Most cryptocurrency exchanges automatically hold any crypto you purchase in their online wallet, within your account. You can leave your crypto in the wallet on the exchange, but it comes with the risk of the site being hacked. Since the crypto exchange controls the private key to that wallet, you don't have full control of your funds, and if the site is hacked, you can lose access to your crypto. 

A much better way to store crypto after buying it on an exchange, is transferring it to your personal wallet (a hot wallet app, or cold hardware wallet). Non-custodial crypto exchanges require you to already have a personal wallet when you buy crypto, and the coins you purchased will be sent straight to that wallet. 

Next Steps

There are so many different crypto exchanges to choose from and individual traders and investors have different requirements from their platform. This is why it’s important to research the best exchange for your personal needs, since the best exchange for one person might be not suit another. Check out in-depth reviews, compare features, fees, pros and cons of each exchange and determine how well they line up with your preferences and requirements.

Frequently Asked Questions

Can I use Binance in New Zealand?

Binance is the largest cryptocurrency exchange in the world by trading volume, and its popularity is due to low trading fees of 0.1% and over 300+ different cryptocurrencies. New Zealanders can use Binance, but currently it does not support deposits using NZD. You can deposit using another currency, or deposit cryptocurrency into Binance to take advantage of their low trading fees and other features such as staking.

Is cryptocurrency legal in New Zealand?

Yes, it is legal to buy, sell and trade cryptocurrency in New Zealand. However, they are not seen as legal tender or financial products, and so are not regulated in New Zealand.

Can I use Coinbase in New Zealand?

Yes, Coinbase is available to New Zealand residents. However, the capabilities are limited to buying and converting (trading one crypto for another). There is no option to sell your cryptocurrency on Coinbase if you live in New Zealand.

Why do I need to verify my identity on some crypto exchanges?

When you verify your identity, it is helping to prevent fraud, and ensures that it is really you and not someone else with your details making transactions under your name. Some crypto exchanges are also subject to strict regulations in relation to anti-money laundering and terrorism financing. By verifying your identity, they are complying with these regulations.

What is the most reliable crypto exchange in New Zealand?

Independent Reserve is the most reliable and trusted crypto exchange for Kiwis. It has been around since 2013, with multi-layered security and even optional insurance on crypto assets. provides all its content for informational purposes only, and this should not be taken as financial advice to buy, trade or sell cryptocurrency or use any specific exchange. Please do not use this website as investment advice, financial advice or legal advice, and each individual's needs may vary from that of the author. This post includes affiliate links with our partners who may compensate us. 

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