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Cryptopia

3.9 from 23 votes
New Zealand
Supported coins

Fees

Taker fee

0.2%

Maker fee

0.2%

Withdrawal fee

0.002

Funding methods

Wire transfer

Limit(s):

Wire transfers only available to New Zealanders.

Credit card

Limit(s):

Wire transfers only available to New Zealanders.

Other crypto

Limit(s):

Wire transfers only available to New Zealanders.

US investors permitted


Cryptopia – Detailed review

A trading cryptocurrency guide must provide reviews of all of the top crypto exchanges out there, so that you can find the best cryptocurrency exchange site for you. This review of Cryptopia consists of four parts: general information, fees, deposit methods and security.

General Information

Cryptopia is a cryptocurrency exchange from New Zealand. It is really powerful, in the sense that it supports over 400 different cryptocurrencies. If you are looking for a less known altcoin to trade that is not supported by most cryptocurrency exchanges, we would be surprised if it wasn’t supported at Cryptopia.

Cryptopia also claims to have market-leading two-factor security options, including Cryptopia’s own hardware dongles.

Cryptopia seems to permit US-investors (unlike most other cryptocurrency exchanges in the content of Oceania). US-investors should of course do their own independent assessment of any problems arising from their residency or citizenship anyway.

Fees

Trading fees

Cryptopia doesn’t charge different fees between takers and makers. Their fee model is instead something called a “flat fee model”. They offer flat fees of 0.20% of the order value of each order from both the takers and the makers.

It should be noted that many exchanges have trading fees that are reduced as volumes are increased, meaning that you are incentivized to trade in higher volumes. The fees listed in this review and in the comparison table are excluding any such volume discounts.

Cryptopia’s flat trading fee of 0.20% is slightly below the global industry average (which is approx. 0.25%).

Withdrawal fees

Many exchanges have competitive trading fees but then hit you on the way out with their withdrawal fees. Let’s say you have reached your investment goals and you are looking to buy house with bitcoin. In order to buy that house, you need to withdraw the funds. And when doing so, the exchange can make up for its low trading fees by charging you high withdrawal fees when you’re halfway out the door.

Cryptopia is luckily not one of those exchanges. The exchange charges a withdrawal fee amounting to 0.002 BTC when you withdraw BTC. This is in line with industry average.

Deposit Methods

Cryptopia offers wire transfer as a deposit method, but you can’t deposit via credit card. This of course negative news to you if you would prefer to use your credit card for any reason. However, as Cryptopia accepts deposit of fiat currencies at all, it distinguishes itself from many exchanges that only allows deposits in cryptocurrencies.

Security

One might ask why security is a feature that we have looked for at the different top crypto exchanges. Two reasons:

  • Exchanges store a massive amount of valuable personally identifiable information. Exchanges handle of course a lot of cash or coin deposits and withdrawals.

Cryptopia’s security score is C, when performing the test at Observatory by Mozilla (https://observatory.mozilla.org/). This is in line with industry average when it comes to top crypto exchanges.

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If you have concluded that this is the exchange for you, congratulations! Go for it. But if not, please use our Exchange Finder here to find out which exchange has the best cryptocurrency exchange site for you.

Good luck!

Cryptopia compared with other cryptocurrency exchanges
Cryptowisser – Your Trading Cryptocurrency Guide