Dasset cryptocurrency exchange – June 2019 review

Dasset Cryptocurrency Exchange

• Buy/sell with NZD
• Trade crypto-to-crypto
• 10 cryptocurrencies listed
• Advanced order types

Find out more Go to site

Enjoy fiat-to-crypto and crypto-to-crypto trading of bitcoin, Ether and other popular digital currencies with Dasset.

Dasset is a New Zealand-based cryptocurrency exchange that allows you to buy and trade between NZD and 10 major cryptocurrencies on a full-featured trading platform. It also offers a transparent fee structure, has an emphasis on customer support and is designed to be capable of processing over 1 million orders per second.

But is it the right trading platform for your needs? We’ve put together this review of Dasset’s features and fees to help you decide.

What is Dasset?

Headquartered in Auckland, New Zealand, Dasset (“digital” + “asset”) was launched in 2017. With a goal to make digital currency accessible to everyone, Dasset allows everyone from retail customers to professional traders to buy, sell and trade 10 popular cryptocurrencies.

It provides a trading platform that’s been audited by third-party security experts, and it promises to store its customers’ legal tender funds in a custodial account, with digital currencies belonging to customers stored in multisignature cold wallets.

Which cryptocurrencies can I buy/sell?

Dasset users can trade the following digital assets:

These cryptocurrencies are available in the following NZD and bitcoin base trading pairs:

Available countries

To be eligible to use Dasset, you must be a New Zealand resident and at least 18 years old. If you’re registering as an entity, you must be incorporated and residing in New Zealand.

Which payment methods are accepted?

You can deposit funds with Dasset in three ways:

How much will it cost me to use Dasset?

There are no fees for depositing funds into your Dasset account. However, there are crypto withdrawal fees to cover the cost of confirming your transaction on the relevant cryptocurrency network.

Trading fees

Withdrawal fees

How fast will my funds be available?

When you authorise a NZD withdrawal, Dasset will immediately debit your account for the required amount. Dasset will then transfer these funds to your nominated bank account at a New Zealand-registered bank within three business days.

In its terms and conditions, Dasset also points out that certain deposit or withdrawal requests may not be processed outside of normal banking hours. Deposits and withdrawals will typically be processed within one business day.

Are there any transfer limits?

There is no specific information listed on the Dasset website about transaction limits. However, the following clause can be found in the terms and conditions:

“We may impose transaction limits from time to time. In particular, we reserve the right to review any withdrawals and to request further information before releasing funds for regulatory and fraud prevention purposes.”

Is it safe to use Dasset?

Dasset maintains a separate bank account (the Dasset Custodial Bank Account) with ANZ. Digital currency deposits with the platform are kept in multisignature cold storage, with private keys kept in a combination of online and offline storage.

Dasset promises to send customers an email confirmation of all transactions relating to their digital currency wallet and also says that its platform has been audited by third-party specialists

To be eligible to trade with Dasset, you’ll need to provide your name, contact details, address, phone number and proof of ID. You also have the option of enabling two-factor authentication on your account, which will provide an extra layer of protection for your funds.

Customer support

If you need help with your account, Dasset’s online support centre provides the answers to a wide range of frequently asked questions. You also have the option to submit a support request or get in touch with the company via email.

Pros and cons

Next steps

If you’ve compared a range of trading platforms and decided that you’d like to register for an account with Dasset, click on the “Go to site” link below. You’ll be redirected to the Dasset website and the account registration form.

To sign up, provide your email and create a username and password. In order to activate your account, you’ll also need to supply the following:

• Your full name, gender, date of birth, occupation and driver’s licence or passport number (if you’re an individual)
• Your legal registration number and GST registration number (if registering as an entity)
• Your phone number
• Your residential or business address and previous address
• Photo ID

We also advise setting up 2-factor authentication on your account for added peace of mind.

Frequently asked questions

• Does Dasset offer margin trading?

  No, margin trading is not currently available on the platform.

• What order types does Dasset offer?

  In addition to market and limit orders, Dasset also provides the following orders:

  • Stop market orders
  • Stop limit orders
  • Trailing stop market orders
  • Trailing stop limit orders
  • Fill or kill orders