Oct 09, · So, you're new to the crypto market and you want to find out what the easiest way to buy Bitcoin in New Zealand is? Well, you've come to the right place! BitPrime is New Zealand's premier cryptocurrency retailer that can supply you with Bitcoin, as well as over different cryptocurrencies. NZ BASED CRYPTOCURRENCY RETAILER We operate as a full-service cryptocurrency retailer. Trading with us is more secure because you are buying from our reserves. We are different to an exchange or a brokerage because you hold your own coins, not us. 32 rows · New Zealand exchanges are regulated by the FMA and must comply with the “fair dealing” .
Bitcoin markets nz9 Exchanges to Buy Bitcoin & Crypto in New Zealand ()
The best one for your needs will depend on which currencies you want to use, what device you want to use, and if you're prepared to pay for a wallet or not. We have a whole page dedicated to helping you understand how wallets work and how to choose one here.
Another option is to purchase a hardware wallet. A hardware wallet is a physical USB device which stores your private keys and authorises transactions. It works in the same way as a software wallet but has an additional layer of security in that you're only connected to the internet when you plug the device in, and they are fairly easy to use once setup. Once again, we have numerous guides to help you with this and any related troubleshooting.
Ledger and Trezor devices both support a broad range of cryptocurrencies, eliminating the need for multiple wallets and maximising security. We are affiliates of both because they are the only two manufacturers we recommend. Only ever purchase a new device and avoid secondhand ones to be certain that nobody else has the devices recovery phrase. The last step is to go ahead and buy your Bitcoin.
You now need to provide us with your bitcoin address in the Order screen. A Bitcoin wallet address is usually labelled "Current Address" or "Receiving Address"inside your wallet app. As with other cryptocurrencies, bitcoin transactions are irreversible, so it's essential to get the address right or you risk losing your digital assets.
If the coin is sent to the wrong address there is nothing you or I can do to retrieve it. If you are placing an order for a substantial amount and have never purchased from us before, we will first send a small test transaction to you to confirm that your wallet is correctly set up. For the final step, simply click the "Order" button and follow the various payment instructions provided on the next screen.
The bitcoin price, the amount of BTC you are buying, and the amount it will cost you in NZD is locked in at this point in the transaction when you proceed to the checkout. Our current buy and sell exchange rates are always listed on our All Coins page and updated every five minutes.
An example of a Bitcoin address in a windows version of the old Jaxx Classic wallet. We're here to help in any way that we can. We're based here in Christchurch, New Zealand, and we know how to look after our customers.
We can answer just about anything, provided it doesn't constitute investment advice. For instance, we can't answer "Should I buy Bitcoin? However, we can answer " what are the characteristics of Bitcoin? We're open from 9 am - 10 pm, seven days, so it's easy to get hold of one of our knowledgeable team members. Firstly, navigate to our verification page and follow the steps there. I would be interested in knowing if there is someone I could Physically meet and get advise and information to enter into this new investment in Christchurch New Zealand Thank you.
Select Categories Select Tags Alts are being sent normally, BTC orders can be executed but delivery may be delayed. October 9, Victoria Hoete-Dodd. Things have come a long way since the early days of bitcoin.
NZ's bitcoin and cryptocurrency sector is reported to be booming with developments, and at any given time there is likely to be a selection of blockchain events taking place in NZ. One of the easiest ways to buy Bitcoin in New Zealand is through cryptocurrency exchanges. There are several exchanges offering Bitcoin in New Zealand, and you can easily select one based on your requirements and preferences using our guide.
Different exchanges have different transaction fees, withdrawal limits, payment modes, and verification processes that need to be kept in mind before users select one. Additionally, Bitcoin buyers need to keep in mind the fact that certain exchanges might require them to get a wallet of their own before they are able to buy the digital currency. Also, it is recommended to have a wallet of your own for security reasons, preferably a hardware wallet. Even though it is a center of blockchain innovation.
The Ledger Nano X is the newest crypto hardware wallet, and is very easy to use. Atomic wallet is a multicurrency mobile wallet with a beautiful interface and easy to use features. Electrum is a Bitcoin-only wallet that has been around since It's easy to use, but has advanced features.
Set up in as a hobby, the exchange saw an explosion of use as the value of bitcoin skyrocketed. The Cryptopia hack was one of the biggest of a rash of hacks that followed during Although New Zealand's name has come up a lot in connection to mining thanks to the popular stat that bitcoin mining uses more power than the whole of NZ —New Zealand actually doesn't do all that much bitcoin mining.
There is no exact data available. However, New Zealand's' electricity price is above the global average. This makes mining in NZ less profitable than in other countries such as Iceland or Kuwait. Independent Reserve has NZD trading pairs for many popular coins. Local Bitcoins is another option. Here, you can buy and sell Bitcoin for a wide range of payment methods, from gift cards to bank transfers. Local Bitcoins is a peer-to-peer P2P exchange, where you buy and sell with another individual.
This does introduce a degree of risk, though by ensuring that you conduct all business on the platform, make use of its escrow services, and only trade with users who have a good reputation, you'll minimize any potential problems. Disclaimer: Buy Bitcoin Worldwide is not offering, promoting, or encouraging the purchase, sale, or trade of any security or commodity. Buy Bitcoin Worldwide is for educational purposes only. The final step is to submit an order through your chosen platform.
For most first-timers, the easiest and most convenient option is to use a Bitcoin broker. Depending on the exchange you use and the regulatory requirements it is subject to, you may be able to sign up simply by providing your email address or you may need to provide your full name, contact information and proof of ID before being allowed to trade. Want to turn your cash into cryptocurrency? There are several ways to buy Bitcoin with cash in New Zealand, including the following:. Buying Bitcoin with cash is quick and convenient but is usually more expensive than other options.
Get a complete list of exchanges that let you buy crypto with cash. Many Bitcoin brokers and exchanges allow you to buy Bitcoin using your credit card. These include platforms like eToro and Coinmama, and using your credit card allows you to make quick and convenient purchases. However, credit card transactions tend to attract higher fees and some banks have even blocked customers from buying crypto with plastic. Debit cards are nowhere near as widely accepted as credit cards but can still be used to buy cryptocurrency on some platforms.
Got a PayPal account and want to use it to buy Bitcoin? The good news is that you can definitely do this; the bad news is that only a limited number of platforms accept PayPal.
VirWox and Paxful are two of the better-known platforms that accept PayPal at the time of writing. Head to our full list of exchanges that support PayPal. Another way to buy Bitcoin with New Zealand dollars is to choose a platform that accepts bank transfer deposits. The list of platforms that allow bank transfers is an extensive one and includes sites like Easy Crypto , Independent Reserve , Vimba , BitPrime and more.
Another option is to choose a platform that accepts POLi Payments. Transfers using this system are typically processed more or less instantly, but they may attract higher fees. The key is finding the exchange that offers the right features and fees for you. If you want to buy Bitcoin in New Zealand, most exchanges will require you to verify your identity first.
However, if you value your privacy, it is still possible to buy Bitcoin anonymously. Check out our guide on how to buy Bitcoin anonymously. With hundreds of platforms to choose from, finding the best Bitcoin exchange for your needs is a challenging task. To make your choice easier, consider these key factors when comparing exchanges:. Learn more about how to choose an exchange in our cryptocurrency exchange guide.
Choose a Bitcoin exchange. So, should you buy Bitcoin from a New Zealand exchange or from a foreign platform? To help you decide, consider the pros and cons of buying on a Kiwi exchange.
Regardless of whether you choose a New Zealand or overseas-based crypto exchange, make sure you compare a range of options before deciding which platform to use. Want to buy Bitcoin from a cryptocurrency broker using New Zealand dollars? You can sign up for an Easy Crypto account by providing your email address and creating a password.
Once Easy Crypto has received your payment, your order will be automatically processed and will typically arrive in your inbox within a few minutes.
Remember to take a moment to review the full details of the transaction before you finalise your transaction. While it may be the biggest and best-known, there are more than 1, other cryptocurrencies available as of July and growing.
While the value of some of these coins is questionable, there are plenty of other digital currencies worth considering as alternatives to Bitcoin. Want to get your hands on some Bitcoin without actually buying it? There are a few options available:. Over-the-counter OTC brokers can offer better prices, increased transaction limits and faster processing times to large-volume traders. Check out our OTC cryptocurrency trading guide to find out how buying OTC works as well as the benefits and risks you should be aware of.
If you want to buy Bitcoin, start comparing a range of cryptocurrency brokers and exchanges. Look at their features, fees, security and overall reputation to decide which platform is the right fit for you.
You can then sign up for an account and get ready to start trading. However, make sure you research your purchase thoroughly and are fully aware of the risks involved before you buy. Compare Bitcoin exchanges. Each individual Bitcoin is divisible to 0. As a result, the safest option is to transfer your coins to a secure, private wallet. Compare some of the most popular cryptocurrency wallets available.
The easiest way to buy Bitcoin in New Zealand is to use a trusted Bitcoin broker. These services make it as simple as possible to get your hands on some BTC. Their platforms are easy to use, you can pay with NZD using everyday payment methods like your credit card or a bank transfer, and transactions are generally processed quite quickly.
There is a limited supply of BTC in circulation and new coins are generated at a predictable rate, but there are several factors that can influence demand. The time it takes to buy Bitcoin varies depending on the payment method and platform you use. For example, credit card purchases may be processed instantly while bank transfers may take one to two business days to clear.
Check the terms and conditions of your broker or crypto exchange for details of average processing times, and remember that the amount of activity on the Bitcoin network can also have an effect. If you want to sell Bitcoin, you once again have a wide variety of platforms to choose from, including brokers and a long list of crypto exchanges.
You also have the flexibility to exchange your Bitcoin for New Zealand dollars or to sell it for an extensive range of cryptocurrencies. Check out our how to sell Bitcoin guide for step-by-step instructions on what you need to do. Tim Falk is a freelance writer for Finder, writing across a diverse range of topics. Over the course of his year writing career, Tim has reported on everything from travel and personal finance to pets and TV soap operas.
Is signing up as an UberX driver worth it? Use the calculator and read our guide to find out how much you might expect to make. We asked 47 experts for their cryptocurrency price predictions and took a deep dive into the Bitcoin price rally. Water restrictions are easing in Auckland on 14 December Find out where to buy a trigger nozzle in our guide.
Find out if and where you can get your hands on one in New Zealand. Optional, only if you want us to follow up with you. Our goal is to create the best possible product, and your thoughts, ideas and suggestions play a major role in helping us identify opportunities to improve. While we are independent, the offers that appear on this site are from companies from which finder.
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