How to Sell Cryptocurrency in NZ - Crypto Guide
The safest, fastest, and easiest way to sell Bitcoin, Ethereum and other cryptocurrency in New Zealand is through a Kiwi crypto retailer like Easy Crypto NZ or Binance.
NZ’s Most Popular Retailer
- Instant NZD deposits & withdrawals
- 100+ cryptocurrencies available
- Excellent NZ-based customer support
Recommended for beginners
The World’s Biggest Exchange
- World's largest crypto exchange
- Advanced trading tools & features
- 350+ cryptocurrencies available
Best for experienced traders
Prefer to see all available options?
Compare all NZ exchangesWhere to Sell Bitcoin & Cryptocurrency in NZ
Easy Crypto NZ
Best for Beginners to Sell
Easy Crypto NZ is New Zealand's most popular crypto retailer, making it safe and fast for Kiwis to buy and sell over 110+ cryptocurrencies including Bitcoin, Ethereum, Monero, Dogecoin & XRP.
Visit Easy Crypto NZBinance NZ
Best for Advanced Traders
Binance, the world's largest crypto exchange, is a popular platform for Kiwis with over 1400 trading pairs and some of the lowest fees in the industry.
Visit Binance NZNZ P2P Crypto Marketplace
Best for Privacy
Warning: The P2P world is a scam cesspit. Imposters frequently pose as admins or reputable members. Only for experienced crypto users.
The NZ P2P Crypto Marketplace was established in 2021 by CNZ's Harry Satoshi to connect Kiwis with peer-to-peer crypto traders who don't require KYC or personal information.
Visit P2P MarketplacePay it Now - PIN
Best Crypto Payment Processor
Pay it Now (PIN) is New Zealand's leading crypto payments service, making it easy for businesses to accept Bitcoin, Ethereum and other cryptocurrencies in NZ.
For Business Owners
PIN provides seamless integration that allows you to:
- Accept crypto payments on your website
- Convert crypto to NZD automatically
- Expand your customer base to crypto enthusiasts
- Get detailed transaction reporting
Features
- Multiple cryptocurrency support
- Real-time exchange rates
- Secure payment processing
- Developer API available
Integration Options
- Payment buttons
- Payment pages
- Shopping cart plugins
- Custom API solutions
Need more help deciding? Contact us for personalized advice →
How To Safely Sell Cryptocurrency in NZ
Choose a reputable and secure cryptocurrency exchange
Select a trusted exchange platform that has a solid reputation for security and user protection. Look for exchanges that employ robust security measures, such as two-factor authentication.
NZ based crypto retailers like Easy Crypto NZ are the most popular on/off ramps for kiwis to get their hands on Bitcoin, Ethereum, and 110+ other coins in NZ.
Cryptocurrency retailers are non-custodial brokerage services that source cryptocurrencies from various exchanges and sell them directly to the customer at a small fee. (Standard retailer fee is between 0.5% – 2.5%). They essentially act as middlemen, sourcing coins from many different exchanges at the lowest rates possible to stay competitive. The key benefits of selling crypto in NZ through a local retailer include having access to local customer support and reputation.
Set up strong security measures
Safeguard your cryptocurrency and accounts by implementing strong security measures. Enable 2FA, use complex and unique passwords, and consider using hardware wallets for enhanced security.
Research and verify buyers/sellers
When engaging in peer-to-peer (P2P) transactions, thoroughly research and verify the credibility of the buyer/seller.
Check their reputation, transaction history, and feedback from other users. Consider using P2P platforms that offer escrow services to mitigate the risk of fraudulent transactions.
Warning: Before you make your first trade, it is critical you learn the basics of P2P, the risks involved, the common scam methods and the standard protocols Kiwis use to stay safe. Scammers are rampant in the NZ P2P crypto trading scene, and it's virtually guaranteed you will encounter them. Scam is real, keep your eyes peeled. You have been warned!
Seek professional advice if needed
If you’re still confused and need a hand, our founder’s Harry Satoshi & Nic Turnbull are more than happy to walk you through selling your crypto in NZ or any other objectives. With 24 years of experience behind Crypto Consulting NZ we are committed to simplifying the complexities of crypto for Kiwis.
The most important thing to remember
Start small, learn by doing, and gradually increase your exposure as you become more comfortable with the technology and market dynamics. Cryptocurrency can be a rewarding journey, but it requires patience, education, and a cautious approach.
How to Sell Cryptocurrencies With Easy Crypto NZ
A) Head to the Easy Crypto NZ website - www.easycrypto.ai/nz
B) Select your sign up method
C) Provide Easy Crypto NZ with your email address and create a password
D) Click 'Verify account'
Congrats, you've just completed the first step 👏
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'
We'd highly recommend going with automatic verification — you can be done in less than 3 minutes!
ECNZ's automatic system includes a walkthrough guide too. 🙂
It's now time to create your order to sell your Bitcoin or other cryptocurrencies.
It's totally normal to feel a bit unsure the first time you do this — but I've got you covered!
A) Head back to the Easy Crypto NZ homepage and navigate to the exchange widget
B) Insert the NZD amount of Bitcoin you wish to sell, and click 'Sell Now'
C) Provide Easy Crypto with the wallet address they give you, and click 'Next Step'
Note: Always use the exact wallet address EC provides for your sale.
Now that you've sent your Bitcoin, your order is complete. 🥳
Just wait for Easy Crypto NZ to send your NZD to your bank — it usually takes up to one day.
If it hasn't shown up, you can check your order status on the 'My Orders' page or reach out to the Easy Crypto helpdesk.
Need more detailed guidance? Contact us for personalized advice →
Recommended Cryptocurrency Wallets
Trezor
Purchase Cost: From $49USD
Cloud Storage: No
Cold Storage: Yes
The Trezor Hardware Wallets are a cutting-edge hardware wallet designed to provide top-notch security for managing cryptocurrency assets. With its sleek design and user-friendly touch screen, Trezor wallets stands out as a versatile solution.
One of their distinguishing features is the availability of a security key, which further enhances the protection of your private keys and sensitive information. This hardware-based security approach significantly reduces the risk of unauthorized access. For New Zealanders seeking a secure and efficient way to safeguard their digital assets, such as their Bitcoin the Trezor Wallets is an excellent choice.
To learn more about the features and benefits of Trezor Wallet, we recommend checking out our comprehensive guide, "What is Trezor Hardware Wallet NZ."
Exodus
Purchase Cost: Free
Cloud Storage: No
Cold Storage: No
Exodus is a user-friendly desktop and mobile wallet known for its straightforward interface and built-in exchange. With the ability to swap between over 250 cryptocurrencies, it offers great versatility for users. Beginners appreciate its simplicity and excellent customer support, making it an ideal entry point into the world of crypto.
However, more advanced users might find it lacking due to its closed-source nature, raising potential security concerns. Despite this, Exodus allows custom fee settings and ensures prompt transaction completion, adding to its appeal for users seeking cost-effective and efficient transactions.
Need more help deciding? Contact us for personalized advice →
Selling Crypto in NZ Commonly Asked Questions
Yes – you can sell cryptocurrency in NZ in minutes through one of New Zealand's various crypto retailers or exchanges, such as Easy Crypto NZ.
Crypto wallets are digital vaults where you store your Bitcoin, Ethereum and other digital assets – acting in a similar way to your NZ bank account.
There are 5 main types of cryptocurrency wallet, such as Hardware wallets like the Trezor and Ledger or software wallets like Exodus.
Learn about your best options in our Best Bitcoin, Ethereum & Crypto Wallets in New Zealand Guide.
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, such as Easy Crypto NZ or Binance.
Alternatives to using regulated services to acquire crypto include crypto mining, buying P2P, airdrops, Crypto ATMs, and decentralized exchanges. You can also get crypto by accepting it as payment for the goods and services you sell, or doing work in exchange for crypto.
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 $50 to meet minimum order requirements.
It typically takes less than a day to sell Bitcoin, Ethereum and other crypto in NZ – depending on your service of choice. It's possible to sign up with an NZ crypto exchange or retailer like Easy Crypto NZ, verify your account, sell crypto and have it delivered to your personal bank account within a day.
Crypto Selling 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, send the crypto and complete your order - and how long it takes for your chosen service to dispatch your fiat to your bank account.
- Network processing speeds; how fast crypto transactions are processed by the crypto networks. (This is not in the control of your chosen service)
The charges for selling bitcoin vary based on the payment method and platform utilized.
For instance, if you’re selling to a friend and completing the transaction with cash, you’ll only have to account for the ‘network fee’ for transferring the bitcoin from your digital wallet to theirs.
If you’re receiving payment via bank transfer, you’ll need to include the applicable fees.
Additionally, exchange services impose fees for managing trades, which encompass operational expenses and a slight markup.
Ready to start your crypto journey? View all NZ exchanges →
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. None of this is to be interpreted as any form of financial advice.