Copyright 2021 @ Cryptocurrency NZ
Disclaimer: All information, guides and recommendations below are based on our own research, preferences and experiences. You should always do preemptive research on anything you buy and on any financial service you use. Cryptocurrencies are known to be extremely volatile and fluctuate in price.
Frequently Asked Questions
New Zealand anti-money laundering laws (AML) require all Kiwis to verify their identities before they can buy and sell cryptocurrency through regulated NZ crypto trading platforms.
Alternatives to using regulated services to acquire crypto include crypto mining, buying P2P, airdrops, Bitcoin ATMs, and decentralized exchanges. You can also receive crypto by accepting it as payment for the goods and services you sell.
To verify an account with an NZ exchange, you need to:
– Be 18 years or above.
– Have a valid NZ passport or drivers license.
– Have an NZ bank account under your own name.
– Have $40 to meet minimum order requirements.
Depending on your service of choice, it’s possible to sign up with an NZ crypto trading service, verify your account, buy crypto and have it delivered to your personal crypto wallet in 30 minutes or less.
Crypto buying speeds vary in three key ways:
Account creation and verification speeds – the time it takes from signing up with your chosen service to them confirming your identity. (To allow you to buy/sell/exchange)
Order creation and delivery speeds – how long it takes to create, pay for and complete your order – and how long it takes for your chosen service to dispatch your crypto to your personal wallet.
Network processing speeds – how fast crypto transactions are processed by the crypto networks. (This is not in the control of your chosen service)
If you’re unsure on what coins to buy, we’d recommend examining CoinMarketCap to learn about the crypto markets’ most popular coins and projects.
From there you’ll find the latest price trends and coin rankings, and be able to gauge a snapshot overview of each top crypto and discover learning resources to help you dive deeper into your research.
We personally believe Bitcoin and Ethereum are the best coins to start with, thanks to their proven track record, real world utility and highly active communities.
Disclaimer – this is not financial advice in any way, shape or form. Always do your own research and seek a diverse range of perspectives when learning about a new project.
Absolutely – selling crypto is just as easy as buying it. All NZ services showcased below allow users to sell back crypto 24/7, 365 days a year.
Where to Buy Cryptocurrency in NZ
Easy Crypto NZ
Easy Crypto NZ is New Zealand’s most popular cryptocurrency retailer, making it safe, fast, and easy for Kiwis to buy and sell over 97+ cryptocurrencies in minutes – including Bitcoin, Ethereum, and XRP.
Cryptocurrency NZ Recommendation
BitPrime is a Christchurch based cryptocurrency retailer who provides a trusted and reliable gateway between the NZD and 92+ cryptocurrencies including Bitcoin.
Founded in early 2017, BitPrime is a solid platform for Kiwis looking to buy and sell crypto.
How to Buy Cryptocurrency in NZ - Step by Step
1. Create an account with Easy Crypto NZ
A) Head to the Easy Crypto NZ website: https://easycrypto.ai/nz/
B) Click ‘Sign up‘
C) Click ‘Create an Account‘
Step 2. Verify your Account
D) You have two options for verification; SumSub or manual verification
SumSub – Automatic account verification, use your ID to verify your account in under 2 minutes (recommended)
Manual verification – Have someone at Easy Crypto manually verify your account, in 24 hrs or less
Step 3. Select the Crypto you want to Buy
E) Head back to the Easy Crypto homepage (https://easycrypto.ai/nz)
F) Select the cryptocurrency you want to buy. i.e. Bitcoin, Ethereum, XRP
G) Select how much NZD worth of Bitcoin you want to buy, then click ‘Buy‘
Step 4. Provide Easy Crypto with your Bitcoin Wallet Address
H) Head to your Bitcoin wallet and copy your Bitcoin wallet address
I) Paste your Bitcoin address into the field, confirm it’s correct then click ‘Next step’
For more information on wallets, how to set them up and how Bitcoin addresses work, visit our cryptocurrency wallet guide.
Step 5. Select your Payment Method
J) Select your payment method – Account2Account, POLI Pay or manual bank transfer
Step 6. Pay to Complete your Order
K) Follow through with one of Easy Crypto’s payment methods and complete your order.
Easy Crypto’s systems will automatically kick into gear and send your Bitcoin to you in 20 minutes or less. Check back with your wallet shortly, and welcome to the club!
Tips for Buying Cryptocurrency Safely
- Always triple check that the Bitcoin address you’ve provided is correct – cryptocurrency transactions are irreversible.
- Keep your crypto private. You wouldn’t tell the world you have gold bars buried in your back yard.
- Never invest more than you can afford to lose, crypto markets are known to be notoriously volatile.
- Everyone has an opinion on Bitcoin – take it with a grain of salt and do your own research.
- Not your keys, not your crypto – make sure you store your crypto in your own wallet, not someone else’s!
- If it’s too good to be true, it probably is! Anything that promises guaranteed returns is almost certainly a scam.
- To easily locate the NZ exchange selling the cheapest crypto, we’d recommend checking BittyBot’s price comparison tool.
Congrats, you are officially set for the future of money!
Now come join the rest of us!
New Zealand is home to an active, friendly and rapidly evolving crypto scene. Come join us in the local community groups and meetups and help make NZ a driving force in the crypto age!