New Zealand is one of the most crypto-friendly countries in the Pacific, with exchanges operating under FMA and DIA oversight. In this video, we reveal the best local NZD exchanges plus the top global no-KYC platforms that Kiwi traders use for more altcoins, leverage, and liquidity.
00:00Best cryptocurrency exchange is New Zealand. Yes, so crypto is definitely legal in New Zealand, but it's not legal tender.
00:07New Zealand regulates the businesses around crypto rather than the assets themselves.
00:12The Financial Markets Authority warns that most crypto investments don't carry consumer protection.
00:17So you may expect, you know, that to be, you know, somewhat an issue for some people.
00:25But on compliance, virtual asset service providers or the VASPs are supervised under the AML CFT Act 2009 with the Department of Internal Affairs, DIA, with the lead supervisory role for the VASPs.
00:39If you're running crypto service, you must do KYC monitored transactions, keep records, all that for tax in and revenue, treats crypto assets as property, profits, selling, trading, a generally taxable income.
00:52Strong record keeping is definitely required in 2005.
00:56New Zealand also implemented the OECD crypto asset reporting framework to increase border tax reporting.
01:05Quick peeks. If you want to think about some of the platforms to use, obviously you need the best overall for NZD on and off ramps, low friction.
01:13You have an independent reserve, which has direct NZD support via SWIFT tiered trading fees, 0.5% to 0.02.
01:23Best local beginner friendly non-custodial option, easy crypto transitioning to SWIFT, a New Zealand based FSP registered non-custodial flow that sends coins straight to your wallet.
01:36Best feature rich Aussie platform operating in New Zealand, SWIFT absorbing easy crypto, supports NZD with card third party onboarding methods, biggest global choice in advanced exchange.
01:51Maybe you can use something like OKX, there's a P2P, which allows you to have access to the New Zealand dollar day.
02:00Bybit also derivatives focused, crypto.com uphold, you just need to check the availability fees, funding paths.
02:08Largest global registered on the Ennis, FSPR, Binance New Zealand, Invest Bybit, LTD, FSPR registration, FMA license.
02:24Derivatives remain restricted without specific licensing though.
02:29Exchange snapshots there, you can look at independent reserve, right?
02:33Friendly bank grade feel, supports, like I said, local deposits, easy crypto, which we've covered, SWIFT and OKX, Bybit.
02:43If you want derivatives, Binance, New Zealand, crypto.com, definitely want to check out Uphold as well.
02:49Obviously, you can choose based on licensing and supervision, depending on what you want.
02:56AML and KYC expectations, the on and off ramps for the fiat currency, security posture, you know, if they have cold storage, the true cost to trade,
03:06can pay a posted maker, take fees and spreads, plus those deposit withdrawal costs.
03:11See if the product fits you, beginner, friendly, you can easily use EasyCrypto or SWIFT or independent reserve.
03:19If you want a frequency of trading, maybe you want some more advanced features, OKX and Bybit and Crypto.com.
03:27That's what you have access to.
03:31As far as your tax essentials, crypto is considered property there, records matter for sure.
03:36So you just need to be making sure you're doing that.
03:39So New Zealand regulated jurisdiction, but crypto is alive and well.
03:44I'm guessing people there might want to use no KYC options.
03:48You know, you can also just check out some of the best ones in the world.
03:52MEXC, you can check out K6, Tabbit, BitUnix, so many other platforms.
04:00All of these are actually curated on our main site.
04:02So if you go to Decentralized.News or check out the link down below, go to our Ecosystems tab,
04:07see the best cryptocurrency exchanges, the best wallets, the best trading tools,
04:11all things that you need to trade and invest, all the guides or the full comprehensive reviews to a lot of these platforms.
04:19So go check out Decentralized.News if you want to learn about DeFi.
04:23Go check out DeFi Millionaire at DeFi-Millionaire.com and it's a free download as well.
04:29Check us out on all our socials, our Telegram, our Discord and follow us on 30 plus social media platforms
04:37and lock in this bull market and let's make New Zealand happy trading.
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