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Crypto Investment Nz – Cryptocurrencies have become a legitimate investment in the past few years, and many Kiwis want to jump on board before it’s too late. There are many different places where you can buy cryptocurrency online and you should be careful to choose a safe and legal one. At Debt Bombshell, we only recommend safe and trustworthy crypto exchanges and we’ve compiled a list of the best places to use them in New Zealand here. Our goal is to help you find the right one for your individual needs.
From our extensive testing and research, these are the best cryptocurrency exchanges in 2023. At Debt Bombshell, we are constantly testing these exchanges and updating our articles regularly to provide our readers with the most accurate, up-to-date information. We are the first to list any new features or cryptocurrencies found on each of the cryptocurrency exchanges we review.
Crypto Investment Nz
#1. Bybit Exchange – Best overall in New Zealand (lowest transaction fees): $10 FREE BITCOIN when you sign up with this link
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Bybit is the top choice for cryptocurrency traders in New Zealand. It is suitable for those who want to regularly trade cryptocurrencies to take advantage of market trends, as well as those who want to buy and hold cryptocurrencies for a long time.
Bybit is a very safe and reliable exchange, with more than 2 million customers, and the daily trading volume often exceeds $10 billion. Bybit’s deep dynamics, system performance of 99.99% and fast trading speed of 100,000 transactions per second attract many users in New Zealand.
There are more than 280 coins to trade on this site, with different trading platform and markets (USDT Perpetual, Inverse Perpetual and Inverse Futures). Bybit has the lowest transaction fees in New Zealand at just 0.1%, only a sixth of what Swyftx charges. If you are a diversified trader, you will enjoy even lower fees of 0.01% for creators and 0.06% for takers!
Experienced traders can take advantage of hedges with up to 100x leverage. This makes it easier to maximize profits from small market fluctuations, even with small investments. However, we remind you to understand the risks involved in margin trading. If the price is against you, you can quickly lose the entire amount you invested. It is not recommended for people who are new to trading and should be used by experienced traders.
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Bybit offers a testnet (demo mode) that works like a real site and traders can try different strategies without using real money. It’s a great learning tool that sets Bybit apart from the competition by not offering unique features.
24/7 live chat support is always available, and there is even an insurance fund to protect investors from bad equity and excessive loss liability. If you sign up using this link, you will get 10 BTC FREE as part of the limited offer.
Swyftx is designed to be user-friendly and provide an easy way for the average person to get started with cryptocurrency. They have definitely succeeded with an intuitive interface on both desktop sites and mobile apps and a quick buy/buy feature that even a complete beginner will be able to figure out. There are more than 320 cryptocurrencies available, which is enough for even the most advanced cryptocurrency trader.
Kiwis love Swyftx because they can use NZD as their base currency; Some other exchanges require you to convert your money to USD which means you are losing money even before you start investing or trading. Swyftx has low fees of only 0.6% per trade, with a low average spread of 0.51%, which means the total fee and spread, or only 1.11% according to this detailed test of the reputable cryptocurrency review site Market Market.
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There are many other features besides simple buying and selling. You can make recurring purchases if you want a cost averaging investment (DCA). Swyftx also has bundles, which are bundles of several cryptocurrencies that can be bought in one batch, which saves time by converting your investment to different coins.
Swyftx focuses on making it easy to get started and they have a demo mode where you can practice trading $10,000 with free play money. You can learn the basics and try different strategies before investing your real money. If you ever get stuck on the site, you can easily contact the customer support team using live chat and their service is excellent.
In addition, you can deposit and withdraw NZD from your Swyftx account for free and they even offer a $20 free Bitcoin signup bonus if you use their referral link. There is nothing to do, you don’t even have to buy anything or even deposit money before you can get it. If you want to read more before making a decision, you can see our full Swyftx review here.
#3. MEXC Global Trading Platform – Top Liquidity: USDT 30 FREE and 10% Fees if you sign up with this link
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MEXC Global is the best cryptocurrency exchange for advanced cryptocurrency traders in New Zealand. It offers an incredible number of cryptocurrencies (more than 1520), many markets and the highest flow of all cryptocurrency exchanges. From the BTC/USDT liquidity chart below, you can see that MEXC has twice the liquidity of Bitget and almost ten times of other major platforms such as Binance, Bybit, and KuCoin.
Various trading options are available at MEXC such as spot trading, margin trading (up to 125x leverage), futures trading, bot trading and copy trading. Trading fees are as low as 0.0/0.2% for spot trades and 0.0/0.06% (maker/bearer) for futures trades. If you register with our exclusive link, you can also access 10% of all transaction fees and 30 USDT for FREE.
With so many coins and over 2,110 trading partners, serious cryptocurrency traders will love to explore all that MEXC has to offer. MEXC is a great platform to sign up for and you’ll never need to use another exchange again because it has almost every feature you could ask for and is constantly developing its site with more tools and options. .
Binance is the world’s largest cryptocurrency platform by trading volume and is a very popular option in New Zealand for dedicated cryptocurrency traders. It is not recommended for beginners as there are many features that may scare off newbies, but if you have cryptocurrency experience you will love what Binance has to offer.
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Binance has more than 600+ different coins on its exchange and offers many additional features such as margin trading, cryptocurrency lending, P2P market, NFT market, exchange and many more. Transaction fees are very low, only 0.1% per trade, with the option to lower 25% if you pay in their native coin, BNB. You can also get up to $100 cashback vouchers if you sign up through this link.
If you want to automate your trading with bots, Binance is the best option as it works seamlessly with many compatible trading bots. This allows you to trade continuously and benefit from price changes even while you sleep.
KuCoin is the crypto trading platform for you if you want to access a lot of coins. There are over 700 different cryptocurrencies available to trade with more being added regularly. Transaction fees are very low at only 0.1%, and you can cut the fees by 20% if you pay with their coin, KCS.
For those who like to use trading bots to customize their strategy, KuCoin has built free bots that can be easily installed in a few clicks. This means that you can take advantage of the constant changes that cryptocurrencies are experiencing, even if you are not sitting on your computer monitoring the price. You also don’t need to complicate matters by connecting the bot to a third party crypto platform as everything is included in KuCoin.
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KuCoin has many features for seasoned traders; In addition to spot trading, they have margin trading, futures, P2P market and crypto lending. However, we do not recommend KuCoin to start cryptocurrencies. Not only is it complicated with all the advanced features and charts, but there is no option to trade in NZD, and you cannot withdraw NZD or any fiat currency from the site. KuCoin is designed only as a cryptocurrency trading platform, and the purpose of traders is to store cryptocurrencies, trade them, and then withdraw cryptocurrencies.
Sovereign Deposit is an Australian crypto exchange serving the New Zealand market, allowing NZD deposits and withdrawals. Although the interface looks dated, it is easy to navigate and use. Independent stock trading fees are 0.5%, which is less than Swyftx’s 0.6% fee, and if you trade in large quantities, your fees will be reduced based on the amount you have bought in the last 30 days.
Sovereign Reserve is the only cryptocurrency exchange in New Zealand that offers it
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