Finding a trusted cryptocurrency exchange is one of the first steps of getting involved with the industry, so which exchange should you use?
Well, in New Zealand there is really only one clear winner. It’s important to look at location, currency, available cryptocurrencies and the fees.
Luckily, we’ve done all the research for you! You can view our in-depth comparisons and reviews of each exchange below.
Our rating is based on factors such as ease of use, fees, trading features and support.
|Website||Overall Rating||Location & Currency||Available Cryptocurrencies||Fees||Our Review||Visit Site|
|NZ / Aus||0.6%||Swyftx Review||Visit Site|
|Australia||0.5%||Independent Reserve Review||Visit Site|
|China||0.1%||Binance Review||Visit Site|
|Europe||Daily Fees||eToro Review||Visit Site|
|United States||4%||Coinbase Review||Visit Site|
|United States||0.5%||Visit Site|
|United States||0.26%||Visit Site|
|Hong Kong||0.1%||Visit Site|
We hope this detailed list has helped clarify which we believe are the preferred exchanges to use in Australia.
Our suggestion would be to pick one exchange which works for you and stick with it, it will make your life much easier. The alternative would be keeping cryptocurrencies on different exchanges which is hard to keep track of.
If you still aren’t sure which Australian cryptocurrency exchange will work best for you, see our below detailed breakdowns for our recommended exchanges to help you make a more informed decision. For more detail on our rating process, click here.
Leonard – Crypto Head
Best Cryptocurrency Exchanges in Australia: Reviews 2020
Other exchanges often require you to move your cryptocurrency to a separate online wallet for safety reasons but you can sleep easy knowing your crypto is safe on Swyftx. Their team goes out of their way to make sure you are comfortable and if you have any questions they’ll happily help. When you sign up you’ll be assigned an account manager who will help you out along the way. This means that the exchange is perfect for new users, but also great for experienced users due to it’s low fees.
Independent Reserve is also an Australian exchange but they have a lot less support for New Zealand users. They do offer a fairly good platform but realistically Swyftx does everything they do but better which is why we can only give them 3 stars.
Binance is the most used global exchange, if you feel comfortable using an exchange that doesn’t deal with fiat money (NZD/AUD/USD etc) then this is a good option. You can only trade cryptocurrencies on this exchange so you would have to buy it elsewhere then send it to Binance. It’s a little more complex but the fees are much better which makes long term trading easier. This isn’t recommended for beginner users.
eToro is a large global brokerage that allows you to do a lot more traditional trading and investing strategies. For people who are comfortable with stocks and shares this might be a good option, however their international support is terrible which is why we wouldn’t recommend them. Their platform is really complex and definitely won’t be suitable for new users.
Coinbase is huge in the USA but offers very few cryptocurrencies and has huge fees. It would definitely be advised to steer clear of this exchange, they’ve also had problems in the past where people can’t withdraw their funds.
Reviewing the best crypto exchanges in New Zealand: Why we do it!
We originally started Crypto Head to help people make informed decisions in the world of cryptocurrency. It can be very confronting starting off as there are technical barriers to overcome, our goal is to layout information clearly and concisely so you can make decisions.
We highly recommend doing more of your own in-depth research and take our resources as a starting point. We’ve helped a lot of people over the years and are proud to keep offering an up to date resource for people in NZ.
Disclaimer: Digital currencies and cryptocurrencies are volatile and can involve a lot of risk. Their prices and performance is very unpredictable and past performance is no guarantee of future performance. Consult a financial advisor or obtain your own advice independent of this site before relying and acting on the information provided.