Buy / Sell Stablecoins for NZD

Use CryptoSpot to find the best place to buy or sell USDT, USDC, DAI, or BUSD stablecoins in New Zealand. Compare the rates at all the different exchanges and brokers against our $NZD stablecoin spot prices to see the real margin (x%)

Stablecoins are cryptocurrencies that are pegged to a fiat currency at a 1:1 exchange rate. They can use different methods to achieve a stable exchange rate with the underlying asset, but they have risks and it's possible for the price to deviate. To calculate the $NZD price for stablecoins we find an exchange with a market where the stablecoin trades directly for the underlying asset, then multiply this price by the NZD/USD exchange rate so that any deviation from the 1:1 peg is factored in.

“NZDs” is a New Zealand Dollar stablecoin backed 1:1 with physical New Zealand Dollars in a cash and cash equivalent treasury managed by Techemynt. NZDs is a ERC20 token on the Ethereum Network. Techemynt plans to list NZDs on Uniswap (a decentralized exchange platform) and enable decentralized finance services such as borrowing, lending, and payments.

Marketplace	Type	Market	You Sell (inc fees)	You Buy (inc fees)
Dasset	Exchange	NZDS / NZD	/	$0.98 (-2.07%)

Tether (USDT) is a stablecoin using the offshore banking system where only a fraction of the USDT issued is backed by cash or assets and you have no guarantees that it can be redeemed for $USD.

Marketplace	Type	Market	You Sell (inc fees)	You Buy (inc fees)
Independent Reserve	Exchange	USDT / NZD	$1.58 (-1.79%)	$1.60 (-0.53%)
Dasset	Exchange	USDT / NZD	$1.58 (-1.78%)	$1.62 (0.36%)
Swyftx	Broker	USDT / NZD	$1.58 (-2.07%)	$1.63 (1.01%)
Easy Crypto	Broker	USDT / NZD	$1.58 (-1.78%)	$1.63 (1.09%)
Binance P2P	P2P Marketplace	USDT / NZD	$1.65 (2.33%)	$1.65 (2.33%)
Binance	Credit Card	USDT / NZD	/	$1.68 (3.89%)

USDC is stablecoin issued by regulated financial institutions, and backed fully by reserve assets redeemable directly on a 1:1 basis for the underlying $USD.

Marketplace	Type	Market	You Sell (inc fees)	You Buy (inc fees)
Independent Reserve	Exchange	USDC / NZD	$1.58 (-2.02%)	$1.61 (-0.12%)
Dasset	Exchange	USDC / NZD	$1.58 (-1.69%)	$1.62 (0.52%)
Swyftx	Broker	USDC / NZD	$1.58 (-2.00%)	$1.63 (1.09%)
Easy Crypto	Broker	USDC / NZD	$1.58 (-1.60%)	$1.63 (1.27%)

BUSD is a 1:1 USD-backed stablecoin approved by the New York State Department of Financial Services (NYDFS), issued by Binance in partnership with Paxos.

Marketplace	Type	Market	You Sell (inc fees)	You Buy (inc fees)
Swyftx	Broker	BUSD / NZD	$1.58 (-2.03%)	$1.63 (1.06%)
Easy Crypto	Broker	BUSD / NZD	$1.58 (-1.63%)	$1.63 (1.23%)
Binance	Credit Card	BUSD / NZD	/	$1.68 (4.05%)
Binance P2P	P2P Marketplace	BUSD / NZD	$1.61 (0.01%)	$1.69 (4.74%)

DAI is a synthetic $USD stablecoin. There is no $USD held on deposit. Instead it is a decentralized system where DAI is issued by a smart contract on Ethereum when a user deposits cryptocurrencies as collateral for a loan.

Marketplace	Type	Market	You Sell (inc fees)	You Buy (inc fees)
Independent Reserve	Exchange	DAI / NZD	$1.54 (-4.15%)	$1.59 (-0.81%)
Dasset	Exchange	DAI / NZD	$1.57 (-2.09%)	$1.61 (0.77%)
Binance P2P	P2P Marketplace	DAI / NZD	/	/