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Top 6 Factors to Consider When Choosing A Crypto Platform

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Top 6 Factors To Consider When Choosing A Crypto Platform

As cryptocurrency and blockchain technology improves and widespread adoption increases, more and more people find themselves questioning what platform to use. With so many choices out there, how do you know which service is best for your needs? Here are the top 6 factors to consider when choosing a crypto platform so you can buy crypto in NZ.


1. Security

It’s essential to make sure you’re dealing with a trusted and secure crypto platform. Do some digging to find out who’s behind the platform, the security features they have in place, and whether their name has been associated with any attempted scams or hacks. For more information on BitPrime, visit our About Us page.

Factors to Consider When Choosing A Crypto Platform

2. Cryptocurrencies on Offer

Which cryptocurrencies does the platform have available? Is it just bitcoin or can you buy a wide range of altcoins too? Are you able to pay using NZD or do they only accept foreign currencies or crypto? Are you able to sell your crypto to them for NZD? If yes, how does this process work?

Buy Crypto in NZ

3. Verification Process and Regulation

What sort of personal details and ID documents are required before you are granted an account? How long does the verification process typically take? What legal and regulatory compliance practices are in place? You may find that platforms with little to no verification requirements are less secure. View the details of BitPrime’s regulatory policies and terms of use.

Buy Crypto in NZ

4. Reputation and Community

What sort of reputation does the platform have? It’s always a good idea to check out user reviews to see what others think. Do they encourage an active online community, have, and actively use, social networks? Do they work to build a relationship with their customers or are you just another number to them?

Factors to Consider When Choosing a Crypto Platform

5. Transaction Limits and Processing Times

What are the minimum and maximum amounts you can spend in one transaction? Day? Month? After paying for an order, how long does it usually take to receive your coins? Does the platform act as a custodian and hold your coins, or do you have full control of your funds yourself?

Buy Crypto in NZ

6. Customer Support

Does this platform offer ongoing help and support? How can you get in touch with their customer support team? Do they provide helpful information free of charge or do you need to pay for it?

Buy Crypto in NZ


At the end of the day, it all boils down to performing your due diligence. Work out which crypto provider best meets your requirements. At BitPrime, we believe that we meet and exceed the recommendations above.

If you’re ready to start buying and selling cryptocurrency in New Zealand:




Disclaimer: The above references an opinion and is for informational purposes only. Do not take this as personalised financial or investment advice. The opinions expressed by the author do not represent the opinion of BitPrime.

Last updated: 17/09/2018

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