cryptopia.co.nz – Scam or Not?
A World of its Own
If you are looking for a trading platform that has everything from an exchange to a marketplace then this might be the website for you! Cryptopia focuses on better user experience rather than just being another one-stop-shop.
Their main focus was to create something that you wouldn’t need to change tabs with. As a Bitcoin trader, you know how many websites needs to be open in your browser just to get a view of the whole trading scene. With Cryptopia.co.nz you would have a market, wallet, mining pool and more!
You can easily get level 1 verification from Cryptopia.co.nz with just a confirmation of your email address. You just need to register your email address and have it confirmed by clicking on the confirmation link that you would be receiving within seconds of submitting the request.
Level 1 – Accounts with level 1 verification would have a daily withdrawal limit of $5,000 NZD
Level 2 – Accounts with level 2 verification would have a daily withdrawal limit of $50,000.00 NZD
Level 3 – If you need more than a level 2 verified account then you need to contact the Cryptopia Support and request it from them.
Trading/Fees with Cryptopia.co.nz
The trading fee would be 0.20% of the total BTC or crypto currency you are going to pay with.
If you are purchasing 142.92145336 TOR for 0.00025000 BTC (per 1 TOR), you would be paying 0.03573036 BTC + 0.20% BTC fee. The net total would be 0.03580182 BTC.
Since Cryptopia acts as a wallet, there might come a time when you would want to withdraw funds from this wallet to another. The following fee would apply shown on the sample withdrawal below:
If you want to withdraw 1 BTC from your account, the fee would be 0.00080000 BTC and the total BTC transferred to your Bitcoin Address would be a total of 0.99920000 BTC which is equivalent to $3,861.00 NZD or $2,782.89 USD at the time this screenshot was taken.
Cryptopia does not charge deposits as this would come from the wallet that wants to deposit into your account. When you click on deposit which is on the upper part of your account page, you will be given an address that you need to forward to the depositor.
Trading is fairly easy and straightforward.
What people love about Cryptopia.co.nz is their Arbitrage feature which you can locate under the “More” tab. It is probably the best idea that they came up with. Say goodbye to having multiple windows open!
You can easily compare the “Ask” and “Bid” price from four (4) different websites with just a few clicks of a button. On the provided screenshot above, trade prices from all websites listed can be easily compared!
The Marketplace is filled with everything you can imagine! You can sell anything from toy cars to the latest software for any crypto currency you want to sell it for.
Currencies that they currently support
As of this moment, they do not support FIAT trading. They do have more than 400+ crypto currencies in which you can trade your coins with. You can see the full details of the coins they currently support on the “Coin Info” tab.
Everything that you need to know about the specific coin you want to trade with would be shown on the left-hand side of the screen. Everything from the Algorithm to the total coins in circulation can be found in this window.
Their website homepage is awesome with the image of New Zealand from outer space! Everything is clean and slick. The account dashboard is something that you need to get used to.
Email support is their main customer support tool. You can create a ticket just by simply hovering your mouse over your username found on the upper right corner of the dashboard. Click on the Support tab and a separate window will open. Enter your subject details, choose the best category for the issue and write a short description.
Quite odd as I did not receive any email confirmation of the ticket filed. Maybe I’ll get one once it’s resolved? Please let me know in the comments section below on how this works.
Anyways, you can also post your issues on their active forum on their website. There is also a live chat widget found on the right side of the screen. They call in the “Trollbox”, something that I do not want to add into customer service, but yeah, it helps.
If you want to speak to them in person, you might want to check out their registered address below:
Cryptopia Limited – 6 Dennitt Street, New Brighton, Christchurch, 8083 , New Zealand – Contact #: +64 21 669851
This is public information and can be viewed posted at www.companiesoffice.govt.nz. On the provided link, you can also see personal information about the founders Adam Clark and Rob Dawson.
A helpful guide to the crytpo currency language can also be found here.
Unlike other crypto trading websites in which 2FA would be a part of your account registration, Cryptopia does it differently. This was the first feature that I looked for the second I was logged into my account. In order to get to the security window you just need to hover your mouse over your username on the upper left-hand corner of your dashboard.
Then click on “Settings” and this would bring you to the screenshot provided above. On the left-hand side, select security and this would bring you to the “Two-Factor Security” and “Account Security” window.
You can really maximize the use of 2FA with them, amazing! My recommendation would be to use Google Authenticator with everything that you can. On the Account Security part, you can enable API if you want. But the most important thing here for me would be to leave the “Disable Withdraw Email Confirmation” –leaving it without a check would mean that you will receive an email confirmation everytime you withdraw something from your account and that would work as an extra level of security.
- Multi-level security
- Get easily verified
- Transparent company
- 400+ tradable crypto currencies
- Confusing Website (at first)
- Mineshaft not working (under maintenance)
- Does not support FIAT-BTC trade
Cryptopia Review Conclusion
Cryptopia.co.nz is a website that you should check out for yourself! As it is really a world of its own. I gotta be honest, I had fun exploring their website and its features. But this doesn’t mean that you should too, always research about a website that you want to invest in before making any choices.