Best Crypto Exchanges in New Zealand

Top Cryptocurrency Exchanges in NZ

Our specialists have thoroughly scrutinized over 20 cryptocurrency platforms, highlighting the top 5 options for Kiwi investors. To determine New Zealand's leading exchanges, we performed thorough assessments of various platforms, carefully studying and comparing their strengths and weaknesses. Following this evaluation, we provide a succinct summary of the top 5 crypto asset trading platforms in NZ.

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1. SwyftX

SwyftX stands as the premier cryptocurrency exchange in New Zealand, underpinned by its innovative features and large user base. With over 600,000 registered users across New Zealand and Australia, it offers access to a vast selection of over 310 digital assets, coupled with industry-low trading fees of just 0.6%. Moreover, SwyftX's strict adherence to anti-money laundering and counter-terrorism regulations ensures secure and compliant transactions.

The platform's mobile app and web interface simplify cryptocurrency trading, providing advanced tools and real-time portfolio tracking. Users can monitor their crypto performance and instantly capitalize on market shifts. Given its robust security, competitive fees, and user-centric design, SwyftX rightfully claims the title of New Zealand's best cryptocurrency exchange.

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2. Independent Reserve

Independent Reserve is considered the best exchange for institutional investors in New Zealand due to its exceptional security features, regulatory compliance, and tailored tools and services for professional traders. Founded in 2013, Independent Reserve has built a name as being the most trusted exchange across APAC and is the #1 destination for investors looking to fill large orders on Bitcoin, Ethereum and 30 other crypto assets with NZD.

One of the Independent Reserve's most popular services is its over-the-counter (OTC) trading services for institutional investors and high-net-worth individuals who need to fill large orders that might be too price-disruptive on open markets at exchanges. The OTC desk provides discreet, secure, and ultra-competitive trade execution and settlement services for trades ranging from $50,000 to $50 million.

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3. Bybit

Bybit is one of the top exchanges in New Zealand for traders looking to access leverage and trade more complex financial products like futures and options contracts. The exchange offers up to 100x leverage for cryptocurrency futures trading, making it an attractive option for traders looking to maximize their gains. Bybit's platform is user-friendly and offers advanced trading tools such as limit orders, stop-loss orders, and take-profit orders. This allows traders to manage their risk and execute complex trading strategies with ease.

While Bybit is not directly regulated in New Zealand, the exchange is regulated in other jurisdictions and has implemented measures to ensure compliance with international laws and regulations. This includes conducting regular security audits and maintaining a strong emphasis on KYC/AML procedures. Overall, Bybit is a reliable and user-friendly platform for traders looking to access leverage and trade more complex financial products in New Zealand.

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4. Binance

Binance is one of the top exchanges in New Zealand for traders looking to access deep liquidity on over 350 different crypto assets across popular sectors like DeFi, GameFi, Layer 1s, Layer 2s and more. The exchange offers a user-friendly platform with advanced trading tools and features, such as limit orders, stop-loss orders, and margin trading.

As the world's largest exchange with over 120 million users, Binance offers unparalleled liquidity for traders in New Zealand. The exchange also boasts the most competitive fee structure, starting at just 0.1% per trade. It is pertinent to note that Binance is not yet regulated in New Zealand, however, they have set up offices in the country and are actively working with regulators to provide digital asset trading services. That said, users can still sign up & trade on the platform today.

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5. Easy Crypto

Easy Crypto is the best non-custodial exchange in New Zealand because it offers a fast, friendly, and secure service for buying and selling cryptocurrencies. The platform is easy to use, making it accessible for both beginners and experienced traders. As a non-custodial exchange, Easy Crypto allows users to buy crypto with NZD on the platform and send them directly to a personal or offline wallet so you don't have to be concerned with exchange custody risk.

Another advantage of Easy Crypto is that it offers transparent pricing with no hidden fees. This makes it easy for traders to make informed decisions about their investments without worrying about unexpected costs. Overall, Easy Crypto is a reliable and trusted platform for anyone looking to buy and sell cryptocurrencies in New Zealand, offering a user-friendly platform, non-custodial services, and transparent pricing.

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Is Crypto Investing Legal in New Zealand?

Yes, crypto investing is legal in New Zealand. The country has a favorable regulatory environment for cryptocurrency and blockchain technology, with the government recognizing digital assets as property for tax purposes. In addition, the New Zealand Financial Markets Authority (FMA) oversees the regulation of cryptocurrencies and has issued guidance for businesses operating in the sector. Overall, investors in New Zealand can legally buy, sell, and trade cryptocurrencies on licensed exchanges and use them as a form of investment.

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How is Crypto Taxed in NZ?

In New Zealand, cryptocurrency is taxed as property. This means that investors are required to pay tax on any gains they make from buying and selling cryptocurrencies, similar to how they would pay tax on gains from selling other types of property or assets (e.g shares and ETFs). The Inland Revenue Department (IRD) provides guidance on how to report crypto transactions on tax returns and ensures compliance with New Zealand tax laws.

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Final Thoughts

In conclusion, New Zealand's cryptocurrency landscape is vibrant, secure, and regulated, making it an attractive destination for both novice and seasoned investors. Top exchanges such as SwyftX, Independent Reserve, Bybit, Binance, and Easy Crypto offer a diverse range of services to suit varied trading needs, backed by stringent security measures and user-friendly interfaces.

With the legality of crypto investing confirmed and a transparent taxation system in place, Kiwi investors can confidently engage in digital asset trading. These top five exchanges, each with its unique strengths, are paving the way for an accessible, secure, and thriving cryptocurrency market in New Zealand.