In the realm of Aotearoa, Easy Crypto stands out as the foremost cryptocurrency retailer, dedicated to providing Kiwis with a secure, intelligent, and user-friendly experience in trading over 160+ cryptocurrencies, including Bitcoin. Let’s delve into the background and characteristics of NZDD, Easy Crypto’s newest venture in the NZ crypto landscape.
Best Places to Buy NZDD in NZ
Best place to buy NZDD for Beginners
Type of Exchange: Broker / Retailer
Tokens Available : 50+
Easy Crypto NZ
Cryptocurrency NZ opts for Easy Crypto NZ due to its impeccable safety record, unwavering reliability, and swift transactions. With a proven history of aiding New Zealanders, it’s the preferred choice for seamless crypto dealings.
Pros Of Easy Crypto NZ
✔️ Accepts NZD: Easy Crypto is a New Zealand-based retailer, which means that users can buy and sell cryptocurrencies using New Zealand Dollars (NZD).
✔️ User-friendly: Easy Crypto has a simple and user-friendly interface that makes it easy for individuals to buy and sell cryptocurrencies, even if they are new to the world of digital assets.
✔️ Strong customer Support: Easy Crypto offers competitive fees and is known for its strong customer support. The team is available to assist users with any questions or concerns they may have.
✔️ Secure platform: The platform is secure and uses industry-standard security measures to protect user data and funds.
Cons Of Easy Crypto NZ
❌ Limited Features: Easy Crypto may not offer as many advanced trading features as some other exchanges, which may be a drawback for experienced traders.
❌ Trading Fees: The trading fees for less popular cryptocurrencies on Easy Crypto can be higher than on other exchanges.
Easy Crypto NZ has a transparent fee structure, which is included in the price of the cryptocurrency being bought or sold. The fee structure is based on a percentage of the transaction value, and the percentage varies depending on the cryptocurrency being traded.
Easy Crypto NZ fee range is from 0.70% to 0.90%.
Best Place to Buy NZDD for utility
Type of Exchange: Broker / Payment Solution
Tokens Available : 15+
Pay it Now (PIN)
With its New Zealand origins, PIN perfectly aligns with the local values that Cryptocurrency NZ holds dear. Unlike simple on/off ramps, PIN offers a holistic ecosystem that extends well beyond basic transaction facilitation. By bridging merchants with its extensive user base, PIN empowers businesses throughout New Zealand to effortlessly access the realm of crypto.
Pros Of Pay it Now (PIN)
✔️ PIN Scan Block Explorer: The dedicated block explorer, PIN Scan, enhances transparency by allowing users to easily track and monitor transactions on the PIN Network, fostering trust.
✔️ Wallet-Less Crypto Transactions with PIN Swap: The wallet-less connection process through PIN Swap offers a user-friendly and secure method for transferring crypto assets directly into users’ wallets, simplifying the interaction with smart contracts.
✔️ Point of Sale (PoS) Integration: The integration of PIN Payments with prominent Point of Sale providers like Sipo PoS, Todays Software, Lightspeed X, and Salespoint streamlines crypto payments for merchants, potentially increasing the adoption of cryptocurrencies.
✔️ In-App Functionality for Users: The PIN Network App’s user-centric features, such as in-app buying, bridging tokens, gas-less swaps, and instant peer-to-peer transactions, create a convenient and seamless experience for users engaging with digital assets.
✔️ Cross-Border Payments: The ability to send and receive digital currency instantly among PIN Network App users facilitates cross-border transactions, potentially reducing traditional financial barriers.
✔️ Staking and Rewards: The in-app staking functionality offers users the opportunity to earn staking rewards and bonuses, providing an additional incentive within the PIN ecosystem.
Cons of Pay it Now (PIN)
❌ Integration Challenges: While the PoS integration is designed to be user-friendly, potential integration challenges with different PoS providers might arise.
❌ Limited Cryptocurrency Compatibility: The availability of supported tokens for bridging and swapping might be limited, potentially limiting user choices.
❌ Security Considerations: Introducing wallet-less transactions and sensitive data handling within the app necessitates robust security measures to protect user assets and information.
❌ Regulatory Challenges: The integration of cryptocurrencies and payment solutions could subject the project to regulatory scrutiny and compliance requirements in different jurisdictions.
PIN implements a fee structure that comprises two distinct types of fees. The first involves un-bridging transactions, in which a fee of 4% is applicable. However, it’s noteworthy that PIN doesn’t impose gas fees on its users. Instead, for bridge transactions, there’s a fixed fee of $0.40 USD, offering users a straightforward and predictable cost for their transactions.
What is New Zealand Digital Dollar? (NZDD)?
NZDD, the New Zealand Digital Dollar, is not just a stablecoin; it’s a gateway to the future of finance. Merging the security of blockchain technology with the stability of the NZD, each NZDD is backed 1-to-1 with NZ dollars, ensuring instant, global accessibility 24/7.
This innovative stablecoin empowers individuals by offering a versatile financial tool – from seamless transactions and international payments to cryptocurrency investments. Whether used for daily activities like shopping or for broader financial endeavors, NZDD stands as a safe and trusted choice, backed by the transparency of regular audits, stability through a 1-to-1 token-to-cash reserve, and the promise of future scalability.
How does NZDD Work?
Each NZDD token is precisely linked to New Zealand dollars, maintaining a 1-to-1 ratio. The corresponding dollar funds are securely held in a local bank for every circulating NZDD.
Explore the intricate process, gaining insight into the sophisticated accounting system that ensures the stability of NZDD by aligning it seamlessly with New Zealand dollars.
NZDD enables the redemption of securely held NZ dollars, adhering to the terms outlined in the legal agreement between ECDD Ltd and the involved party.
Upon reception of NZDD, the tokens undergo a permanent inaccessibility procedure called “burning.” Concurrently, the locked NZ dollars are liquidated and promptly transferred to the requesting party following established protocols.
How to Stake NZDD on Uniswap
Maximizing your NZDD holdings by staking them on Uniswap, a decentralized exchange.
This step-by-step guide will walk you through the seamless process of contributing liquidity to the NZDD and USDC pair, enabling you to earn passive staking rewards in NZ.
Visit the Uniswap Website: Head to the Uniswap website by typing “uniswap.org“
Navigate to the Pools Tab: Once on the Uniswap website, locate and click on the “Pools” tab. This is where you can manage liquidity pools.
Connect Your Wallet: Connect your MetaMask Wallet or other compatible browser wallet by clicking on the “Connect Wallet” button. Follow the prompts to complete the connection.
Click on “New Position”: Within the Pools section, find and click on the “New Position” or similar option, depending on the Uniswap interface.
Add NZDD and USDC Pair: In the process of creating a new position, select the NZDD and USDC pair. Note that USDC is typically the available stablecoin for liquidity pairing.
Add Your Liquidity: Input the amount of NZDD and USDC you want to contribute to the liquidity pool. This step helps to create a balanced pair for trading.
Approve the Contract via Wallet: After setting the liquidity amount, you will likely need to approve the contract. Confirm this action through your connected wallet, such as MetaMask, and follow any additional steps prompted by the wallet.