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NZBCX

2 from 1 vote
New Zealand
Supported coins

Fees

Taker fee

1%

Maker fee

1%

Withdrawal fee

0

Funding methods

Wire transfer

Credit card

Other crypto

US investors permitted


NZBCX 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 NZBCX consists of four parts: general information, fees, deposit methods and security.

General Information

NZBCX is a cryptocurrency exchange from New Zealand. It is primarily driven by two guys: Dave Seyb and Rob Clarkson.

NZBCX’s biggest competitor on its home turf is most likely Cryptopia, one of the exchanges that has the absolutely biggest selection of altcoin trading pairs in the world.

Like most other cryptocurrency exchanges from New Zealand, this exchange prohibits US-investors from trading at the exchange. So if you are a US-investor and want to trade here, 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 only offers trading in BTC and BCH, but no other coins.

NZBCX Fees

NZBCX Trading fees

This New Zealand cryptocurrency exchange doesn’t charge different fees between takers and makers. Their fee model is instead something called a “flat fee model”. The flat fee model here is set at 1.00%. Compared to the industry average, which is around 0.25%, this is approximately four times higher. One should consider whether this trading platform has a strong offering to investors in other respects that outweighs the disadvantage of this somewhat higher trading fee.

NZBCX Withdrawal fees

NZBCX does not charge any withdrawal fees at all for withdrawing BTC. This is a strong competitive edge in the market. We’ll leave it up to you to decide whether it outweighs the much higher trading fee.

Deposit Methods

NZBCX offers wire transfer as a deposit method, but you can’t deposit via credit card. And wire transfer is only possible if the transfer is in NZD (New Zealand Dollars) coming from a bank in New Zealand).

Security

NZBCX’s security score is B-, when performing the test at Observatory by Mozilla (https://observatory.mozilla.org/). This is far above 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, find the best cryptocurrency exchange site for you by using our revolutionary matching tool.

Good luck!

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