Best Crypto Exchange New Zealand - 5 LOW FEE Bitcoin Exchanges - EconomyWatch.com

If you're based in New Zealand and wish to buy, sell, or trade cryptocurrencies like Bitcoin – the process could not be easier. All you need to do is open an account with a trusted and low-cost exchange, deposit some funds, and that's it – you're good to go.

However, with dozens of popular cryptocurrency exchanges to choose from – knowing which platform to join can be a time-consuming task. In this guide, we help clear the mist by reviewing the best crypto exchanges in New Zealand for 2021.

Table of Contents

#1 Crypto Exchange New Zealand – eToro

Best Crypto Exchange New Zealand – Top 5 List

Below you will find a list of the best crypto exchanges in New Zealand for 2021.

• eToro – Overall Best Bitcoin Exchange New Zealand
• Coinbase – Best Bitcoin Site for Beginners
• OKEx – Recommended Exchange for Low Fees
• Binance – Best New Zealand Crypto Exchange for Asset Diversity
• Capital.com – 0% Commission Exchange Offering Leveraged Crypto CFDs

Below we review the above five Bitcoin exchanges in great detail.

Cryptoassets are highly volatile unregulated investment products. No EU investor protection. 67% of retail investor accounts lose money when trading CFDs with this provider.

Best Crypto Exchange New Zealand – Full Reviews

Before embarking on your Bitcoin trading journey – you will first need to choose a suitable New Zealand crypto exchange. There are dozens of options in the marketplace – so you need to do some homework before selecting a provider. For instance, you'll need to explore what crypto markets the exchange offers, what fees it charges, and ultimately – how safe your money is.

1. eToro – Overall Best Bitcoin Exchange New Zealand

Having reviewed dozens of platforms in this marketplace – we found that eToro is the best Bitcoin exchange in New Zealand. This trading platform was first launched in 2007, is used by over 20 million people, and most importantly – is heavily regulated. Regarding the latter, eToro is authorized and licensed by three reputable financial bodies – namely ASIC (Australia), the FCA (UK), and CySEC (Cyprus).

As such, you can rest assured that eToro allows you to buy, sell, and trade cryptocurrencies in a safe and secure way. In terms of tradable markets, you will find heaps of cryptocurrencies at eToro. This includes large-cap digital tokens like Bitcoin, Ethereum, Litecoin, XRP, and Bitcoin Cash. You then have up-and-coming Defi coins like AAVE, Decentraland, Uniswap, and Algorand. All cryptocurrency markets available at eToro can be traded in a super low-cost environment. This is because you only need to pay the spread when placing an order.

This starts at just 0.75% at eToro – so in effect, that's $0.75 for every $100 traded. You can easily get funds into the eToro platform too – with the brokerage site supporting plenty of everyday payment methods. This is inclusive of debit and credit cards, bank transfers, and even e-wallets like Neteller and Paypal. In order to get started at eToro, you will need to deposit at least $200 and a small FX fee of 0.5% is applied. This is significantly lower than other popular crypto exchanges serving New Zealand residents.

When it comes to core features, the eToro Copy Trading tool stands out for us. This innovative feature allows you to trade cryptocurrencies passively – as you will be copying an eToro investor like-for-like. For instance, if you choose an experienced investor that decides to buy Bitcoin and Dogecoin, you will do the same. Your stake will be determined by the amount you invest. For example, if the investor risks 10% of their portfolio on an Ethereum trade and you initially invested $1,000 – your stake would amount to $100.

What we also like about eToro is that it offers professionally managed portfolios. In particular, its CryptoPortfolio service operates much like an ETF, insofar that you will be invested in a diversified basket of assets. Only instead of stocks or bonds – you will be investing in a range of cryptocurrencies. In addition to digital tokens, the eToro platform also offers stocks, indices, forex, and commodities. There is also an eToro wallet that can be downloaded to your iOS or Android device for free.

Pros

• Invest in cryptocurrencies on a spread-only basis
• Buy thousands of international stocks at 0% commission
• Minimum investment per trade from just $25
• Supports debit/credit cards, e-wallets, and local bank transfers
• Regulated by the FCA, CySEC, and ASIC
• Used by over 20 million people
• Perfect for beginners
• Social and copy trading tools

Cons

• Perhaps too basic for technical traders
• No support for MT4 or MT5

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