Cryptopia is a New Zealand based cryptocurrency exchange. Apart from exchanges cryptocurrencies, the Cryptopia marketplace lets you sell anything, to anyone, anywhere in the world in exchange for cryptocurrency. Users can buy or sell items free of charge or setup an Auction or a classified listing.
Cryptopia Exchange Review
Cryptopia is a small trading platform with a daily turnover of $21 million. It is not a super popular exchange, but it has many advantages that make it special. The history of New-Zealand crypto-exchange begins in 2014, however, initially it was not a trading platform, but a mining pool. Over time, the service added the ability to trade, and even later the connection with mining was lost and the Cryptopia was completely transformed into an exchange for trading cryptocurrency.
Cryptopia opened operations in 2014 as a two-man company founded by Rob Dawson and Adam Clark. Four years later Cryptopia expanded to beyond 50 employees in 2018. As of January 2018 Cryptopia reported 1.4 million users. Temporarily the company reported higher trading volumes than the New Zealand Stock Exchange.
Security and support
User accounts have 3 levels of verification, which differ in the amount of funds available for withdrawal. To get level 1 (withdrawal up to $5,000 NZD per day) you only need to confirm your email. To get level 2 (withdrawal up to $50,000 NZD per day) you need to provide your personal data + download the appropriate documents to confirm them. The possibility of obtaining the third level is discussed with the support service individually.
- Cryptopia supports a large number of cryptocurrencies (400+), but does not support Fiat currencies.
- To contact the support team is offered to use email or ticket system.
- To ensure the security of accounts, it is proposed to use 2FA, which must be activated independently after registration.
The Cryptopia marketplace lets you sell anything, to anyone, anywhere in the world in exchange for cryptocurrency. Buy/Sell items free of charge or setup an Auction or classified listing and start using your crypto today. On June 5, 2018, market capitalization of Cryptopia exchange was $7 826 406.
Cryptopia’s Block Explorers allow you to view detailed information on all transactions and blocks. Track your crytpo payment every step of the journey for your peace of mind.
The commission for trading operations is 0.20%. There are no fees for replenishment of the wallet balance and transfers within the trading platform, but for the withdrawal of coins there is also a fee, the size of which can be seen by selecting the appropriate action in your wallet. Here you can see the minimum amount to withdraw money from the exchange.
The developers of the Cryptopia trading platform have created a profitable referral program that allows you to earn on attracting customers. For each new trader you will be able to receive 10% of his trading commissions. The reward is paid in your own cryptocurrency DOT and the 1st of each month, the accumulated amount is transferred to your internal wallet.
To receive the accruals for the cryptopia referral program, you need to provide each new user with a personal link, which he or she must specify during registration. You can find it on your profile page “Account”.