Best Crypto Wallet in New Zealand

Cryptocurrency is one of the most significant financial breakthroughs of the last few decades, going from absolute zero to a trillion-dollar market within the space of 15 years. With cryptocurrencies only growing bigger, there’s a never-ending thirst for information on how to own some.

Thankfully, owning popular cryptocurrencies like Bitcoin and Ethereum isn’t rocket science; all you need is a crypto wallet. Like a physical wallet, it holds your crypto reserve and makes it available for retrieval whenever you need to spend or trade your money.

Since cryptocurrencies typically reside online, it’s no surprise that so many people are after the best crypto wallets in New Zealand. In this article, I’ll show you what cryptocurrency wallets mean, outline the differences between hardware and software wallets, and look at some options in New Zealand.

What is a Crypto Wallet?

A crypto wallet is simply a wallet for your cryptocurrency. That definition may sound overly simplistic, but that’s exactly what it is, and it works like that. Just like you keep your fiat notes and cards in a physical wallet, you can keep your digital coins and collectibles in a crypto wallet for safekeeping.

Crypto wallets are of many types, depending on what criterion you’re using to categorize them. There are custodial and non-custodial wallets; hot and cold wallets; and software, hardware, and paper wallets. Each of them means different things that we’ll explain in a bit.

Let’s start with the easiest: hot and cold wallets. A wallet is said to be cold when it has no connection to the internet, while a hot wallet connects to the internet. Software wallets exist solely on your computer or smartphone, while hardware wallets are physical devices you can touch, like USB thumb drives.

Finally, a custodial wallet is any cryptocurrency wallet that doesn’t require you to store your keys, while a non-custodial wallet delegates the responsibility of storing keys to you. When choosing the best crypto wallets in New Zealand, it’s essential to know these differences to understand what you’re looking for exactly.

Best Crypto Wallet in New Zealand

Here are some of the best crypto wallets in New Zealand.

1. Trust Wallet

Trust Wallet is undoubtedly one of the best crypto wallets in New Zealand for both beginners and experts alike. It’s a software wallet that quickly gained popularity because of its intuitive interface, support for multiple cryptocurrencies, and widespread legality across many jurisdictions, including New Zealand. Also, it’s Binance’s official wallet.

Anyone with more than five minutes of experience with cryptocurrency and crypto assets know about Binance and the role they play in the crypto industry. As a non-custodial wallet, it lets you store your keys, but good luck recovering your crypto if you lose them.

With support for over 4.5 million crypto assets and tokens, Trust Wallet is undoubtedly one of the best crypto wallets in New Zealand.

2. Ledger Nano S Plus

The Nano S Plus is a hardware wallet from Ledger that’s excellent for storing several cryptocurrencies. It’s an upgrade over the company’s former products, as well as products from competitors across the industry. Most crypto enthusiasts are familiar with the Ledger brand of hardware crypto wallets.

The Nano S Plus features a display that lets you verify transactions without opening an app on your smartphone or computer. However, to unlock the wallet’s full functionalities, you’ll need to use it with a phone or computer, as it comes in the form of a USB Type-C thumb drive.

This wallet supports over 5,500 coins and tokens, making it one of the most versatile hardware wallets on the market. 

It works with Windows 10 and 11 PCs, macOS computers running macOS Big Sur, Monterey, and Ventura, as well as Linux PCs on Ubuntu LTS 20.04 or 22.04. While this wallet doesn’t work on Chromebooks, you can use it with smartphones with Android 10 or later.

3. Atomic Wallet

Atomic Wallet is a decentralized crypto wallet that lets you manage over 300 coins and tokens, including popular names like Bitcoin, Ethereum, and Litecoin. With over 5 million users, it’s undoubtedly one of the most popular crypto wallets in New Zealand and beyond.

In addition to the regular functions of a cryptocurrency wallet, Atomic Wallet offers you cashback when you swap up to 60 predetermined crypto pairs, and all transactions are anonymous! You don’t need an account to use the wallet, and it works on both PCs and smartphones.

Some supported cryptocurrencies on the Atomic Wallet include Ethereum, Solana, Cardano, Monero, and Tron.

4. MetaMask

MetaMask is an advanced cryptocurrency wallet not exactly targeted at beginners, as it doesn’t even support Bitcoins; yes, you cannot store the world’s most popular cryptocurrency, Bitcoin, on your MetaMask wallet. The reason is simple: it’s mainly for storing Ethereum-based tokens and NFTs on select blockchains.

Unlike beginner-friendly crypto wallets, MetaMask won’t let you convert your cryptocurrency to fiat directly; you have to figure out how to transfer and charge buyers directly.

It’s not the most intuitive experience for beginners, but for experts, it’s among the best crypto wallets in New Zealand.

5. Exodus

Exodus is an excellent cryptocurrency wallet for users who prioritize security, as it collects no information about the end user. You don’t need any personal identifier to set up Exodus, and when you do, you can use all of its features without having to submit any of your data.

The wallet is compatible with both desktop and mobile devices, and the mobile version supports both iOS and Android.

Unlike MetaMask, you get 24/7 email support with Exodus, and the knowledgebase includes answers to users’ most common queries. For users after something secure yet uncomplicated, Exodus is one of the best crypto wallets in New Zealand.

6. Coinomi

Coinomi is another insanely popular cryptocurrency wallet with support for a wide range of coins and tokens. According to its official website, it supports over 1,770 blockchain assets, including Bitcoin and Ethereum, and the number continues to grow.

The wallet’s developers claim it’s the oldest ‘multi-chain wallet’ available, founded back in 2014. Throughout its nearly one decade of existence, no user wallet has ever been hacked or compromised, making it a truly secure wallet, if the claim is true.

Coinomi charges no fees for cryptocurrency storage and exchange, and it works on both PCs and smartphones. It’s DeFi-ready, includes support for DApps and Web3, and supports digital collectibles like NFTs.

7. Ledger Nano X

Like the Ledger Nano S Plus, the Ledger Nano X is another hardware wallet from the same company for cryptocurrencies and crypto tokens. While the Nano X is more expensive than the Nano S Plus, it offers enough features to justify the price bump, making it the perfect hardware wallet for a crypto juggernaut.

The Ledger Nano X has the same set of features as the Nano S Plus, making it not an excellent value since the former costs twice as much as the latter.

Also, you get Bluetooth compatibility with the Nano X, which isn’t exactly groundbreaking, and it has an arguably better design. If you think those additions make it worth the $180 Ledger is asking for, it’s undoubtedly one of the best crypto wallets in New Zealand.

8. Coinbase Wallet

With Coinbase being one of the most popular crypto exchanges, it’s only natural that the company’s wallet is also one of the best crypto wallets in New Zealand. Products from Coinbase focus on reliability and an attractive user interface, making them easy to use for pros and beginners alike.

With support for hundreds of thousands of coins, this wallet makes it easy to store all your cryptocurrency assets in one place, including your NFTs and digital collectibles.

Coinbase Wallet also lets you buy NFTs and crypto using a debit card, making it possible to skip the frustrating process of getting cryptos onto your wallet.

With its legion of useful features, Coinbase Wallet isn’t only one of the best crypto wallets in New Zealand, it’s one of the best in the world!

9. Trezor

Like Ledger, Trezor is a cryptocurrency company that creates hardware wallets, and thanks to the versatility and usability of their products, it’s safe to say they make some of the best crypto wallets in New Zealand.

While the hardware wallet focuses mostly on Bitcoin, it supports a legion of other cryptocurrencies, including Ethereum, Litecoin, and Dogecoin. It’s available in two models: the Model T and the Model One.

The latter is the cheaper of the duo, costing only $69, but it also comes with fewer features than the Model T. The Trezor Model One comes with a clickable two-button pad, USB Type-A for connection to a computer, and support for exactly 1,289 coins and tokens.

On the other hand, the Model T costs $219 but comes with a touchscreen and USB Type-C for PC connections. It also supports 1,456 coins and tokens, significantly higher than what you get with the Trezor Model One.

You also get extra security features with the Model T, like PIN entry on the touchscreen and the option to anonymize your transactions with Coinjoin.

On the hardware side of things, it’s no doubt that Trezor makes some of the best crypto wallets in New Zealand.

10. Swyftx

Beginners getting started with cryptocurrency may not need anything more complicated than Swyftx, which is one of the best crypto wallets in New Zealand.

You should note that Swyftx isn’t a wallet per se; instead, it’s a cryptocurrency exchange with a built-in wallet for users to store coins they buy on the platform.

You shouldn’t expect the insane security features of higher-end dedicated hardware wallets here, but you also shouldn’t expect the wallet to be difficult to navigate. For users after something to use, while they figure out the whole cryptocurrency thing, Swyftx is one of the best crypto wallets in New Zealand.

Conclusion

Storing your cryptocurrency shouldn’t be hard, and it isn’t unless you know nothing about crypto wallets. If you really don’t, here’s an excellent article to start with, as it shows you what cryptocurrency wallets are, the two types available, and the ten best crypto wallets in New Zealand.

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