KiwiCoin Exchange 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 KiwiCoin Exchange consists of four parts: general information, fees, deposit methods and security.
UPDATE 9 December 2019: It is no longer possible to access the website of this exchange. We have thus marked this exchange as “dead” in our database.
KiwiCoin Exchange is a cryptocurrency exchange from Australia.
As far as we can tell, KiwiCoin Exchange is not US-investor friendly. This is because it only accepts NZD-deposits from New Zealand bank accounts. Accordingly, if you are a US-investor and want to trade here, but you don’t have a New Zealand bank account with NZD in it, you’ll have to reconsider your choice of trading venue and choose one of the other top crypto exchanges. Don’t be too sad though, there are many other venues that offer the type of trading this exchange does. Use our Exchange Finder to find out which alternatives you have.
The exchange is available in the English and the Russian language.
KiwiCoin Exchange Trading View
Different exchanges have different trading views. And there is no “this overview is the best”-view. You should yourself determine which trading view that suits you the best. What the views normally have in common is that they all show the order book or at least part of the order book, a price chart of the chosen cryptocurrency and order history. They normally also have buy and sell-boxes. In spite of a lot of attempts, we have not been able to acquire a proper view of the trading interface at KiwiCoin Exchange. We apologize for any inconvenience this may cause. We have however been able to obtain a picture of the order book:
KiwiCoin Exchange Fees
KiwiCoin Exchange Trading fees
As you surely know, every cryptocurrency trade occurs between two parties: the maker, whose order exists on the order book prior to the trade, and the taker, who places the order that matches (or “takes”) the maker’s order.
This trading platform charges different fees between takers and makers. Their taker fees are set at 0.80%, which is far above the industry average. Their maker fees are discounted with 50% against the taker fees, and are thus 0.40%. Even so, the maker fees are also far above the industry average. One should consider whether KiwiCoin Exchange has a strong offering to investors in other respects that outweighs the disadvantage of these higher trading fees and the limited selection of trading pairs (only BTC/NZD).
KiwiCoin Exchange Withdrawal fees
We have not been able to find this exchange’s withdrawal fees. This is potentially a risk for you as an investor (if they are not informed of anywhere we believe there is a higher risk that they are high). Accordingly, we strongly urge you to make your own analysis of the withdrawal fees at KiwiCoin Exchange before depositing any funds there and before concluding that it is best cryptocurrency exchange site for you.
The available deposit methods here seems to be only wire transfer (and BTC-deposits). Wire transfers must be in NZD-deposits from New Zealand bank accounts.
KiwiCoin Exchange Security
This exchange’s security score is D+, 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.
The exchange reviewed above is what we call an “entry-level exchange”. This means that this exchange also makes it possible for someone to enter the cryptocurrency market with fiat currency. There are numerous entry-level exchanges out there, including (but not limited to):