Dasset cryptocurrency exchange – June 2019 review

Dasset Cryptocurrency Exchange
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.

Product Name Dasset Cryptocurrency Exchange
Fiat Currencies NZD
Cryptocurrencies BTC, BCH, ETH, LTC, XRP, EOS, ZRX, REP, STORJ, TUSD
Deposit Methods Bank transfer
Cryptocurrency
POLi
Trading Fee Fiat currency base: Maker: 0.1%, Taker: 0.65%
Digital currency base: Maker: 0.2%, Taker: 0.2%
Deposit Fees Bank transfer: None
Cryptocurrency: None
POLi: 1%
Withdrawal Fees NZD: None
Cryptocurrency: Varies

Pros

  • Allows fiat-to-crypto and crypto-to-crypto trading
  • Makes it easy for beginners to start trading crypto
  • Offers advanced order types for experienced traders
  • Support for 2-factor authentication
  • Vetted by independent third-party security audits
  • No fees on deposits

Cons

  • Only for New Zealand residents
  • Only 10 digital currencies listed
Disclaimer: This information should not be interpreted as an endorsement of cryptocurrency or any specific provider, service or offering. It is not a recommendation to trade.

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:

  • Bitcoin (BTC)
  • Ether (ETH)
  • Litecoin (LTC)
  • XRP (XRP)
  • Bitcoin Cash (BCH)
  • EOS (EOS)
  • 0x (ZRX)
  • Augur (REP)
  • Storj (STORJ)
  • TrueUSD (TUSD)

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

  • BTC/NZD
  • ETH/NZD
  • LTC/NZD
  • BCH/NZD
  • EOS/NZD
  • XRP/NZD
  • STORJ/NZD
  • ETH/TUSD
  • XRP/TUSD
  • ETH/BTC
  • LTC/BTC
  • BCH/BTC
  • EOS/BTC
  • XRP/BTC
  • ZRX/BTC
  • REP/BTC
  • STORJ/BTC
  • BTC/TUSD

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:

Deposit methodFee
  • Bank transfer from your NZ bank account
None
  • Cryptocurrency
None
  • POLi Payments
1%
Go to Dasset's website

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

Trading pairMarket maker feeMarket taker fee
Fiat currency base0.10%0.65%
Digital currency base0.20%0.20%

Withdrawal fees

CurrencyWithdrawal fee
0x0.1 ZRX
Augur0.01 REP
Bitcoin0.0005 BTC
Bitcoin Cash0.0004 BCH
ChainLink0.1 LINK
EOS0.05 EOS
Ether0.002 ETH
Litecoin0.002 LTC
XRP0.10 XRP
Storj0.10 STORJ
True USD1.0 TUSD
New Zealand dollarsNo 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

Pros

  • Allows fiat-to-crypto and crypto-to-crypto trading
  • Makes it easy for beginners to start trading crypto
  • Offers advanced order types for experienced traders
  • Support for 2-factor authentication
  • Vetted by independent third-party security audits
  • No fees on deposits

Cons

  • Trading fees slightly higher than on some other platforms
  • Only for New Zealand residents
  • Only 10 digital currencies listed

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.

Go to Dasset's website

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

Disclaimer: Cryptocurrencies are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance is no guarantee of future performance. Consider your own circumstances, and obtain your own advice, before relying on this information. You should also verify the nature of any product or service (including its legal status and relevant regulatory requirements) and consult the relevant Regulators' websites before making any decision. Finder, or the author, may have holdings in the cryptocurrencies discussed.
Was this content helpful to you? No  Yes

Ask an Expert

You are about to post a question on finder.com:

  • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
  • finder.com is a financial comparison and information service, not a bank or product provider
  • We cannot provide you with personal advice or recommendations
  • Your answer might already be waiting – check previous questions below to see if yours has already been asked

Finder.com provides guides and information on a range of products and services. Because our content is not financial advice, we suggest talking with a professional before you make any decision.

By submitting your comment or question, you agree to our Privacy and Cookies Policy and Terms of Use, Disclaimer & Privacy Policy.

Questions and responses on finder.com are not provided, paid for or otherwise endorsed by any bank or brand. These banks and brands are not responsible for ensuring that comments are answered or accurate.
Go to site