Cryptopia was created by a New Zealand-registered corporation named Cryptopia Limited. You can view full details about that corporation at the official NZ government website here. It’s a legitimate, registered corporation.
One of the important things to note about the corporation is that it doesn’t claim to be involved in financial services (which typically comes with additional regulation). It’s registered as a software development service.
Cryptopia Limited is based in Christchurch. The company lists two directors on its corporate registry, including Adam Clark and Robert Dawson. Cryptopia was registered in July 2014.
You can contact Cryptopia by email at [email protected]
The exchange is particularly popular for trading currencies you don’t find on other exchanges. At the time of writing, the most popular currencies being traded included Atmos, Spectrecoin, Litecoin, 1337, and Bitecoin.
Another unique feature of Cryptopia is its ease of use: it has a surprisingly clean UI that makes it easy for newbies to use. Users also appreciate Cryptopia for its marketplace, where you can sell anything to anyone in the world in exchange for cryptocurrency.
Overall, Cryptopia is more than just an exchange. It describes itself as “your one stop crypto shop”. You can buy and sell digital assets, but you can also trade those assets for real-world goods and services.
Some of the key features of the platform include:
The Cryptopia marketplace is an easy place to buy and sell products and services to anyone, anywhere in the world in exchange for cryptocurrency. You can buy and sell items free of charge, or setup an auction or classified listing. However you choose to set it up, you can start turning your cryptocurrency into real-world goods and services today.
Cryptopia’s Mineshaft is a mining platform designed for various cryptocurrencies. It supports all miners from single CPU or GPU users to full blown ASIC masters.
As mentioned above, the Cryptopia exchange is typically ranked within the top 50 or 60 most popular cryptocurrency exchanges based on trading volume. The exchange is surprisingly simple to use, and has a pleasantly user-friendly UI. You can also use the exchange to pay your bills.
Cryptopia is known for trading currencies that you don’t see on other exchanges.
Cryptopia has a lottery where you can win cryptocurrencies daily. The lottery awards first, second, and third prizes to users. There are daily lotteries and monthly lotteries. Prizes vary widely, although at the time of writing, we didn’t see any enormous prizes being given away.
One of the useful parts of the Cryptopia website is its Coin Information page, where you can get detailed information about a wide variety of altcoins available online today. You can view key facts about altcoins in a no-nonsense way, including the algorithm used by the altcoin, the network, the number of connections, the block height, the wallet status, the listing status, and the overall rating.
Cryptopia has an arbitrage section where you can view arbitrage opportunities across the internet. You can check this section to see which currencies are trading at which prices on different exchanges, and then take advantage of those price differences to make a bit of money. Obviously, arbitrage is tougher in high-liquidity currencies like bitcoin and all popular altcoins, but there may still be arbitrage opportunities for low-volume currencies. Cryptopia lists these opportunities in an easy-to-read table.
Cryptopia has a rewards bot that rewards you for using the site. You can earn coins for performing certain actions on the website. The reward system is very random. Here’s how Cryptopia describes it:
Basically, users have to perform a correct action during a specific time window. If you perform that action during that time window, you could receive a reward. You never know what that action will be.
Some of those “specific actions” include trading, inserting mining shares, finding blocks, tipping, voting, and chatting. You can view a list of recent awards and their amounts here. The most common rewards are for trades, and the most common amount rewarded is 0.01% of that trade.
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.
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.
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.
Calling Cryptopia “just” a cryptocurrency exchange is a bit misleading. It’s an all-in-one cryptocurrency platform that wants to enhance the useful of cryptocurrencies. In addition to the exchange (currently ranked #52 in terms of 24 hour trading volume), Cryptopia has a marketplace, a lottery system, a rewards program, and an extensive information section.
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