Dasset cryptocurrency exchange – January 2020 review
Enjoy fiat-to-crypto and crypto-to-crypto trading of bitcoin, Ether and other popular digital currencies with Dasset.
1
Fiat currencies
10
Cryptocurrencies
Details
| 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
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 method | Fee |
|---|---|
| None |
| None |
| 1% |
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 pair | Market maker fee | Market taker fee |
|---|---|---|
| Fiat currency base | 0.10% | 0.65% |
| Digital currency base | 0.20% | 0.20% |
Withdrawal fees
| Currency | Withdrawal fee |
|---|---|
| 0x | 0.1 ZRX |
| Augur | 0.01 REP |
| Bitcoin | 0.0005 BTC |
| Bitcoin Cash | 0.0004 BCH |
| ChainLink | 0.1 LINK |
| EOS | 0.05 EOS |
| Ether | 0.002 ETH |
| Litecoin | 0.002 LTC |
| XRP | 0.10 XRP |
| Storj | 0.10 STORJ |
| True USD | 1.0 TUSD |
| New Zealand dollars | No 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
Compare Dasset against other exchanges
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.