https://ift.tt/FgKcoH4 To Buy Bitcoin in New Zealand?

How To Buy Bitcoin in New Zealand?

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Easiest and cheapest ways to buy crypto in New Zealand

Getting bitcoins in New Zealand is not an easy task as not all popular crypto exchanges are available to New Zealand citizens. This is a current list of bitcoin exchanges that allow users from New Zealand to buy crypto. They all support buying crypto with credit/debit cards but some of them offer other payment methods as well.

Regulated & high liquidity

How To Buy Bitcoin in New Zealand?

<a href="https://www.independentreserve.com/" target="_blank" rel="noreferrer noopener">Independent Reserve</a>

πŸ‘› Ease of Use – Medium
πŸ‘› Fees – Average
πŸ‘› Verification – 1-2 Days
πŸ‘› Reputation – Trusted
πŸ‘› Supported fiat – AUD, NZD, USD

Independent Reserve is one of Australia’s oldest and best-known institutional-grade exchanges with an orderbook enabling Australian and New Zealand users to securely trade Bitcoin.

More info +

Independent Reserve is registered with AUSTRAC, has an ABN, and has been certified by the Australian Digital Currency Association.

⚑ Deposit fees:
POLi: $3.30
PayID/Osko: $2.50 or free if $1,000 or more
SWIFT: $15 or free if $5,000 or more
Cryptocurrency: Free
⚑ Withdrawal fees:
Bank Transfer: None for AUD
$20 for non-AUDBTC: 0.0003
⚑ Trading fees:
0.5%
⚑ Payment Methods:
Cryptocurrency Electronic Funds Transfer, POLi SWIFT PayID
⚑ Supported fiat:
AUD, NZD, USD

Β  Supports multiple fiat currencies like NZD, AUD, and USD
Β  Provides robust security features
Β  Bundled with cold storage wallet and tax calculator
Reputable and trusted exchange

Minimum deposit money for wire transfer is high
Offers only a limited variety of coins

Regulated & high liquidity

How To Buy Bitcoin in New Zealand?

Kraken

πŸ‘› Ease of Use – Easy
πŸ‘› Fees – Average
πŸ‘› Verification – 2-3 Days
πŸ‘› Reputation – Trusted
πŸ‘› Supported fiat – USD, EUR, GBP, JPY, CAD

Founded in 2011 in San Francisco, California, Kraken is one of the oldest and largest crypto exchanges in the business. This centralized cryptocurrency exchange allows its users to quickly and securely buy and sell over 90 cryptocurrencies.

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Currently, 4 million users in over 170 countries worldwide use Kraken’s services (excluding Washington and New York in the U.S). Kraken is registered under FinCEN in the United States. Β Besides buying and selling crypto, this exchange also supports margin trading, OTC trading, market, and stop-loss limit order, staking, limit, futures, take profit market order, and more. It is an easy-to-use exchange and an ideal platform for secure, safe, and fast transactions.

⚑ Deposit fees:
EUR SEPA Deposit (Free) – EEA countries only USD Bank Wire Deposit ($5 USD) – US onlyEUR Bank Wire Deposit (€10) – outside the US only USD Bank Wire Deposit ($10 USD) – outside US onlyJPY Bank deposit (Free, Β₯5,000 deposit minimum) – Japan-only USD, Wire Deposit (Free)
⚑ Withdrawal fees:
Cryptocurrency: Fees vary, SEPA Withdrawal (€0.09) – EEA countries only USD Bank Wire Withdrawal ($5 USD) – US only USD Bank Wire Withdrawal ($60 USD) – outside US onlyEUR Bank Wire Withdrawal (€60) – outside US onlyJPY Bank withdrawal (Β₯20) – Japan onlyCAD EFT Withdrawal ($10 CAD)
⚑ Trading fees:
Maker: 0.16%Taker: 0.28%
⚑ Payment Methods:
Fedwire, Bank Transfer (SEPA), SWIFT, Wire Transfer, Etana Custody, Silvergate Exchange Network (SEN), FPS, CHAPS, and BACS, PayID, Osko
⚑ Supported fiat:
USD, EUR, GBP, JPY, CAD

Β  Available almost worldwide
Β  High security
Β  Over 90 cryptocurrencies
Various payment methods

Fees slightly above the industry average
No tax support

Established & high liquidity

How To Buy Bitcoin in New Zealand?

Binance

πŸ‘› Ease of Use – Medium
πŸ‘› Fees – Low
πŸ‘› Verification – 1 Day
πŸ‘› Reputation – Trusted
πŸ‘› Supported fiat – USD, EUR, GBP, AUD, RUB

Over 30 million users worldwide and more than $15 billion in daily trading volume make Binance the world’s largest centralized cryptocurrencies exchange. Originally from Hong Kong and now from the small European island of Malta, this exchange was founded in July 2017, and it quickly became the most used exchange on the market. Binance is supported in 60+ countries (excluding the U.S).

More info +

On Binance, you can buy, sell, and trade a large number of cryptos with low fees. Two Factor Authentication, cold storage, and multi-sig wallets provide Binance users excellent security. It is considered one of the most secure cryptocurrencies exchange in the crypto sphere. Binance supports spot trading, margin trading, P2P trading, futures, earn (locked savings, fixed savings, yield farming, and DeFi staking), mining, and staking pools. You can trade more than 350 cryptos and over 1300 trading pairs.

⚑ Deposit fees:
Free
⚑ Withdrawal fees:
Vary from crypto to crypto
⚑ Trading fees:
0.1%
⚑ Payment Methods:
Debit Card, Credit Card, SWIFT, Bank Transfer (SEPA), and more
⚑ Supported fiat:
USD, EUR, GBP, AUD, RUB, and 15+ more

Β  Low fees
Β  High liquidity
Β  Lite and Pro version
350+ cryptos and 20+ fiat currencies

Not accessible to U.S. users
Hacked in 2019

Best Bitcoin Wallets in New Zealand

It is never a good idea to keep your coins on an exchange as that exposes you to numerous risks (exchange hacks, fund freezes by the exchange or some government regulatory body, etc). That is why you should use one of the wallets we list below to store your digital assets. The safest option is a hardware wallet like Nano X but ZenGo is also a good choice, especially for newcomers.

Bottom Line
Pros
Cons
ZenGo
ZenGo
Mobile


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Bottom Line

ZenGoΒ is an easy iOS/Android Bitcoin & cryptocurrency wallet. Getting started takes less than 20 seconds.

Pros

extremely safe as it uses biometrics for security
you can buy crypto directly from it
has savings and staking account

Cons

No major flaws

Exodus
Exodus
Desktop


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Bottom Line

ElectrumΒ is one of the oldest and most popular desktop multi-currency wallets which is compatible with Windows, Mac, and Linux

Pros

One of the oldest wallets in the market
you can buy and stake directly from the wallet
supports all major coins and blockchains

Cons

Not completely open source

Ledger Nano X
Ledger Nano X
Hardware


Visit Now

Bottom Line

Ledger Nano XΒ is a leading and most secure cold storage wallet that connects to your device via Bluetooth.

Pros

Safest wallet in the market
competitive price
supports a lot of coins
you can buy directly from the wallet
stake directly from the wallet

Cons

Small display
complicated to setup for newbies

Read also:

Regulated & high liquidity

How To Buy Bitcoin in New Zealand?

Coinmama

πŸ‘› Ease of Use – Easy
πŸ‘› Fees – High
πŸ‘› Verification – 1 Day
πŸ‘› Reputation – Trusted
πŸ‘› Supported fiat – USD, EUR, GBP, CAD, AUD

If you would like to talk about one of the oldest exchanges in the crypto world then Coinmama is for sure the one. The exchange was launched in 2013 by Laurence Newman, Nimrod Gruber, and Ilan Schuster. Slovakia is the country where you will find Coinmama’s headquarters.

More info +

Coinmama has over 2 million users and is operating in more than 150 countries. The company has over 40 employees. It offers a user-friendly and simple interface which makes it suitable for complete beginners.

⚑ Deposit fees:
0 – 5 %
⚑ Withdrawal fees:
None
⚑ Trading fees:
2.9 – 3.9 %
⚑ Payment Methods:
Bank Transfer (SEPA), SWIFT, Fedwire, Bank cards, Open Banking, Google Pay, Apple Pay, Skrill
⚑ Supported fiat:
USD, EUR, GBP, CAD, AUD

Β  Beginner-friendly interface
Β  Available almost worldwide
Β  Various ways to deposit
Simple to use
No withdrawal fee

No mobile app and no staking
No phone number for customer support

Regulated & high liquidity

How To Buy Bitcoin in New Zealand?

Paybis

πŸ‘› Ease of Use – Easy
πŸ‘› Trading Fees – Average
πŸ‘› Verification – 1 day
πŸ‘› Reputation – Trusted
πŸ‘› Supported fiat – USD, EUR, GBP, and more

Paybis is a cryptocurrency exchange that offers a safe, secure, stable, and easy to use platform to its users from when it was founded back in 2014.

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With its headquarters in the United Kingdom, Paybis offers a multilingual platform with 9 different languages to choose from English, French, Arabic, Italian, Korean, Spanish, German, and Russian. Paybis supports 180 different countries around the world, and they have 24/7 multilingual customer support. The platform offers only 38 cryptocurrencies, including the most popular ones: BTC, BCH, BNB, ETH, LTC, XRP, USD Tether, etc. Paybis is registered with the Financial Crimes Enforcement Network as an MSB.

⚑ Deposit fees:
Free
⚑ Withdrawal fees:
Free
⚑ Trading fees:
0.99 – 2.49 %
⚑ Payment Methods:
Bank Transfer, Credit/Debit Card, Skrill, and Neteller.
⚑ Supported fiat:
USD, EUR, GBP, and 40+ more

Β  Super easy to use
Β  Excellent customer support
Β  A great resource for crypto education
Transparent fees and fast transactions

A limited number of supported crypto assets
A bit higher trading fees

Regulated & Established

How To Buy Bitcoin in New Zealand?

Cex.io

πŸ‘› Ease of Use – Easy
πŸ‘› Fees – High
πŸ‘› Verification – 1 Day
πŸ‘› Reputation – Trusted
πŸ‘› Supported fiat – USD, EUR, GBP, RUB

Cex.io is considered one of the oldest exchanges in the crypto world. It was launched in 2013. It started as a Bitcoin exchange and cloud mining provider, but today it is a global multi-functional crypto platform with over 4 million users.

More info +

When it comes to Cex.io’s reputation, it seems to be extremely high and longevity on the crypto market is one of the reasons. Cexio is a multi-functional crypto platform since it offers fiat to crypto purchases, spot trading, margin trading, staking as a service, crypto loans, and savings accounts.

⚑ Deposit fees:
Β 0 – 3.99 %
⚑ Withdrawal fees:
0 – 3 %
⚑ Trading fees:
0 – 0.25 %
⚑ Payment Methods:
Credit Card, Bank transfer, ACH, Epay, Skrill, SEPA, Faster Payments
⚑ Supported fiat:
USD, EUR, GBP, RUB

Β  Reputation is high
Β  Longevity on the crypto market
Β  Over 4 million users
Advanced features such as spot trading, margin trading, staking as a service, crypto loans, and savings accounts

Extensive Verification Process to Increase Purchasing Limits

Regulated & high liquidity

How To Buy Bitcoin in New Zealand?

Changelly

πŸ‘› Ease of Use – Easy
πŸ‘› Fees – Average
πŸ‘› Verification – 1 day
πŸ‘› Reputation – Trusted
πŸ‘› Supported fiat – USD, JPY

ChangellyΒ is a trustable site that can be used to exchange between various cryptocurrencies.

More info +

Changelly was founded in 2013 in Prague, Czech Republic, by the same guys who established MinerGate, one of the largest mining pools that exist today, so it’s a reliable company. Within a year Changelly has managed to attractΒ over 100,000 users, which is really impressive. Changelly reached the 1,000,000 users milestone in April 2017, which shows how popular this cryptocurrency exchange website is becoming in such a short span of time.

⚑ Deposit fees:
Changelly does not have set fees due to the volatility of cryptocurrencies
⚑ Withdrawal fees:
None
⚑ Trading fees:
0.25%
⚑ Payment Methods:
Debit Card, Credit CardΒ 
⚑ Supported fiat:
USD, EUR, GBP

Β  Wide range of cryptocurrencies
Β  Low crypto-to-crypto exchange fees
Β  Easy to use

Not regulated in the U.S.
High fiat-to-crypto rates
Limited payment options

Which Bitcoin wallet is best in New Zealand❓

Exodus and Ledger Nano.

What is the best platform to buy cryptocurrency in New Zealand❓

You can buy crypto in NZ on any exchange mentioned in this article.

Where is Bitcoin ATM located in New Zealand❓

2 Newton Road, Grey Lynn, Auckland 1010, New Zealand.

How do I withdraw bitcoins from New Zealand❓

Local NZ bank transfer, NZ credit or debit card, PayPal and other third-party payment options, POLi payments, or Cash.

Can I buy Bitcoin from Coinbase in New Zealand❓

Yes, you can.

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