As Bitcoin’s price hits a new all-time high of over $88,600 NZD per coin, New Zealanders are scrambling to buy Bitcoin while it’s still possible to do so cheaply.
In this guide, we’ll outline your options on how to invest in Bitcoin, and walk you through how to buy Bitcoin in under 20 minutes right here in NZ.
TLDR: The safest, fastest, and easiest way to buy Bitcoin in New Zealand is through Easy Crypto NZ; New Zealand’s leading and most popular cryptocurrency retailer.
Disclaimer: All information, guides, and recommendations below are based on our own research, preferences, and experiences. This is not financial advice, and you should do preemptive research on any cryptocurrency you buy or on any financial service you use.
How to Invest in Bitcoin in New Zealand
In simple terms, ‘investing in Bitcoin’ means buying Bitcoin with NZD, storing it in a Bitcoin wallet, and holding it long term. (Anywhere from 3 months to 10 years, etc)
The purpose of this is to buy Bitcoin at its current price and then sell it in the future when its price is higher. Thus securing gains on your original investment.
Once you’ve made profits, you can either cash out your Bitcoin directly to NZD, or instead, keep it in Bitcoin and buy things directly with it.
In 2021, it’s possible to buy almost anything with Bitcoin and other crypto, thanks to the power of crypto debit cards that allow you to spend Bitcoin like you would spend NZD.
How to Buy Bitcoin in NZ – 2021 Quick Guide
Buying Bitcoin and other cryptocurrencies in New Zealand is easy. All you need to do is set up a Bitcoin wallet, sign up with a NZ Bitcoin exchange and finally place and complete and order for Bitcoin, and wait for it to arrive in your wallet.
How to Buy Bitcoin in NZ – 2021 Quick Guide
Total Time: 20 minutes
Best Bitcoin Exchanges in NZ
New Zealand is home to multiple Bitcoin exchanges and retailers. Their goal is to make it as cheap, safe, fast, and as easy as possible for Kiwis to buy Bitcoin in NZ.
NZ Bitcoin exchanges:
Bitcoin Exchanges and retailers make money by taking a small cut of the transaction whenever someone like you and I buy and sell Bitcoin through them.
Exchanges, even in New Zealand, are constantly competing with each other in order to sell the cheapest Bitcoin.
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 that 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 Bitcoin in NZ.
KiwiCoin is one of New Zealand’s legacy cryptocurrency exchanges, providing direct and secure trading between Bitcoin (BTC) and the New Zealand Dollar.
Founded in 2017, Dasset is an Auckland based Bitcoin exchange that aims to make Bitcoin accessible to everyone. Designed to cater to both retailer customers and professional traders, Dasset is a strong option for kiwis looking to buy and sell Bitcoin in NZ.
The Best Way to Buy Bitcoin in NZ
After trialing all services mentioned above, we’ve found that Easy Crypto NZ is the clear winner for the best place to buy Bitcoin in NZ. ⭐⭐⭐⭐⭐
This is thanks to EC’s streamlined signup and verification system, decent prices, range of payment options, delivery speeds, and large coin selection.
Easy Crypto NZ makes it possible for Kiwis to create an account, have it automatically verified, and complete an order to buy Bitcoin in NZ within 20 minutes or less after signup.
It’s the no-brainer option for anyone who appreciates speed, security, and ease when buying Bitcoin. Follow our guide below to learn how to effortlessly buy Bitcoin with Easy Crypto NZ today.
How to Buy Bitcoin in NZ – Step by Step
Before getting started with Easy Crypto, you first need to set up a cryptocurrency wallet so you have a safe place to store your Bitcoin in.
Once you’ve got that, follow the steps below. 🙂
1. Create your account
A) Head to the Easy Crypto NZ website – https://easycrypto.ai/nz
B) Click ‘Sign up’
C) Select your sign up method
D) Provide Easy Crypto NZ with your email address and create a password
E) Click ‘Verify account’
Congrats, you’ve just completed the first step 👏
2. Verify your account
In New Zealand, all regulated Bitcoin exchanges are required to collect and document their user’s data and information, to comply with NZ anti-money laundering laws.
This means whenever you use a regulated NZ Bitcoin exchange to buy and sell Bitcoin, your account and identity need to be verified in order for you to trade on your chosen exchange.
Easy Crypto makes this easy, making it possible to have your account automatically verified in 5 minutes or less.
A) Provide Easy Crypto with your basic details
B) Provide Easy Crypto with your home address
C) Inform Easy Crypto about your source of funds
D) Click ‘Automated Verification’
You are now at the cross roads between verifying manually or with ECNZ’s automatic verification system.
We’d highly recommend going with automatic verification, as this is the system that will allow you to verify your account in less than three minutes.
ECNZ’s automatic verification is famously easy, and it includes a walk-through guide on the inside, which we’ll let you discover yourself. 🙂
Once you’ve completed it, continue below to learn how to buy Bitcoin in NZ with your verified Easy Crypto account.
3. Create your Bitcoin order
It’s now time to create your order for your first Bitcoin purchase ever. Nice one!
For many people, making an order to buy Bitcoin can feel very unfamiliar and a little scary at first. From my personal experience, this is universal, and it’s expected you’ll feel some sort of fear or stress buying Bitcoin for the first time.
But don’t worry, I’m right here to walk you through.
Through ECNZ, you can purchase as little as $50 NZD worth of Bitcoin, so we’d recommend starting with a small amount to help make you more comfortable for your future orders.
A) Head back to the Easy Crypto NZ homepage and navigate to the exchange widget
B) Insert the NZD dollar amount of how much Bitcoin you wish to buy, and click ‘Buy Now’
C) Provide Easy Crypto with your Bitcoin wallet address, and click ‘Next Step’
Note – It is extremely important you provide EC with your correct wallet address.
If you’re reading this and you haven’t a clue what a Bitcoin wallet address is, read up on our Bitcoin wallet guide to learn the basics. 👍
D) Select your payment method, and follow through with it!
You have three options for payment methods:
A payment tool that allows you to sign in with your bank account and pay instantly from any account of your choosing. Learn more about Account2Account.
Another payment tool that allows you to pay instantly, directly from your bank account. Learn more about POLI Pay.
Manual Bank Deposit
The old classic manual bank transfer. Easy Crypto provides you with an account, an amount and a reference number, and you deposit NZD into it.
Recommendation – Account2Account; it’s easy, trusted, and allows you to pay for your order instantly. This means your order completes instantly, so you receive your crypto near-instantly too. Manual bank transfer on the other hand can take up to 2 hours, a whole night, or even the weekend.
4. Wait for your Bitcoin to arrive
Now that you’ve paid and your order is complete, the final step is to hold tight while Easy Crypto NZ delivers your Bitcoin to your wallet. This usually takes between 5-30 minutes, so check back with your Bitcoin wallet shortly, it is on its way!
If you don’t receive your Bitcoin within an hour, you can reach out to the Easy Crypto helpdesk to discover the status of your order, which you can also find on your ‘My Orders’ page under ‘My Account’.
We hope this guide provided you with value in one way or another. Don’t hesitate to reach out to us for help, and we wish you the best with your Bitcoin investing journey! 🚀