In this historic first installment of our exchange review series, I will be reviewing Cryptopia, a lesser-known exchange based out of New Zealand. They are known for listing many altcoins, including some with very small marketcaps. However, Cryptopia provides a valuable service by listing some promising coins that don’t really trade anywhere else.
I created a Cryptopia account to be able to trade Electroneum. I have heard horror stories about Cryptopia on Reddit, but personally have not had any trouble with deposits (even from my Electroneum wallet) and withdrawals, which were handled quickly. I discovered some coins with great potential here, such as Xtrabytes and Phore. There is also a Cryptopia marketplace, which I have never used, with people peddling wares such as Siberian Bee Propolis for Bitcoin!
Rating: (3 Satoshi out of 5)
Pros: Quick signup, no verification needed for transfers, vast selection of altcoins
Cons: Bare bones interface, lack of mobile app, no ETH trading pair
Country: New Zealand
Countries Served: All
Trading Pairs Offered: Bitcoin (BTC), Tether (USDT), Litecoin (LTC), Doge (DOGE), New Zealand Tether (NZDT)
Exchange Volume Ranking: #38
Daily Withdrawal Limit: $5,000 NZD for accounts with no identity verification (~$3,650 USD)
Notable Coins: Xtrabytes (XBY), Electroneum (ETN), Phore (PHR)
Has Its Own Token: No, unless you count New Zealand Tether
Mobile App: No
Referral Bonus: Yes, 10% of trade fees
2FA: Pin Number