{"id":23027,"date":"2024-01-28T21:43:15","date_gmt":"2024-01-28T08:43:15","guid":{"rendered":"https:\/\/cryptocurrency.org.nz\/?p=23027"},"modified":"2024-01-31T22:05:15","modified_gmt":"2024-01-31T09:05:15","slug":"buy-crypto-on-binance-nz","status":"publish","type":"post","link":"https:\/\/cryptocurrency.org.nz\/buy-cryptocurrency-nz\/buy-crypto-on-binance-nz\/","title":{"rendered":"How to Buy Bitcoin and Cryptocurrency on Binance NZ | 2024"},"content":{"rendered":"\t\t
Known and relied upon by thousands around New Zealand,\u00a0Binance NZ\u00a0<\/a>stands as the largest\u00a0crypto exchange<\/a>\u00a0worldwide in terms of trading volume and kiwi community.\u00a0<\/p> If you’re considering diving into the realm of crypto for the first time, Binance New Zealand is an excellent starting point. You can easily create a Binance NZ account and buy cryptocurrencies using New Zealand Dollars (NZD) in just a few minutes.\u00a0<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t Related Guides:<\/strong><\/p> How to Buy Binance Coin (BNB) in NZ \u2013 New Zealand\u2019s Crypto Guide (2024)<\/strong><\/a><\/p> Best Cryptocurrency Exchanges NZ \u2013 New Zealand\u2019s Crypto Guide (2024)<\/a><\/strong><\/p> \u00a0Binance NZ Review\u2013 New Zealand\u2019s Ultimate Crypto Guide (2024)<\/a><\/strong><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t Best Place to Buy Crypto in NZ<\/p>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t Binance<\/a>,<\/b>\u00a0the world’s largest crypto exchange, is a highly popular platform for Kiwis interested in crypto trading in NZ.\u00a0Binance offers over 1400 trading pairs, such as NZD to BTC, with some of the lowest fees in the industry.<\/span><\/p> Website:<\/b>\u00a0<\/span>www.binance.com\/nz<\/a><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t Here at\u00a0<\/span>Cryptocurrency NZ<\/a>, we have used Binance for over 4 years without any issues.\u00a0<\/span><\/p>\n Binance is the world’s largest crypto exchange, accounting for over 40% of the total crypto market’s trade volume. They have world class platform, access to liquidity, a plethora of coins to trade and are known to be reliable and secure.<\/span><\/p>\n They are however still a centralized exchange and the age old ‘not your keys, not your crypto’ still applies. We don’t recommend storing large amounts of coin long term on exchanges and instead recommend using a hardware wallet<\/a>.\u00a0<\/p>\n If you’re a day trader, looking to swing trade or practice technical analysis and chart drawing, Binance is very solid.\u00a0<\/span><\/p><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t Pros of Binance NZ<\/span><\/strong><\/p><\/div><\/div> \u2714\ufe0fPlethora of coins:<\/strong> Humongous selection of cryptocurrencies available for trading.<\/span><\/p> \u2714\ufe0f\u00a0Competitive Rates:<\/strong>\u00a0Famously low trading fees, especially for high-volume traders and those who hold BNB.\u00a0<\/span><\/p> \u2714\ufe0f<\/b>\u00a0SAFU Fund:<\/strong>\u00a0Binance has a \u201cSAFU\u2019 fund to protect users in the event of a security breach or hack.<\/span>\u00a0Learn more.<\/a><\/p> \u2714\ufe0f Registered in NZ:\u00a0<\/b>Binance is a registered Financial Service Provider in NZ.\u00a0\u00a0<\/span><\/p> \u2714\ufe0f Advanced Features: <\/b>Offers world class trading tools and charts.<\/span><\/p> \u2714\ufe0f IOS & Android:\u00a0<\/b>Mobile apps available for trading on-the-go.<\/span><\/p><\/div><\/div><\/div><\/div> Cons of Binance NZ<\/span><\/strong><\/p><\/div><\/div> \u274c\u00a0Regulatory exposure:<\/strong>\u00a0Ongoing regulatory scrutiny and potential for government restrictions.<\/span><\/p> \u274cMixed Reviews:<\/strong>\u00a0Some negative user reviews and complaints about poor customer service.<\/span><\/p> \u274c\u00a0High withdrawal fees:\u00a0<\/strong>Withdrawing some coins can be higher than fifty dollars, depending on market prices.<\/span><\/p> \u274c\u00a0Customer Support:<\/strong>\u00a0Limited customer support during high-traffic periods\u00a0<\/span><\/p> \u274c\u00a0Centralized Exchange:<\/strong>\u00a0Potential for hacking or security breaches.\u00a0<\/span><\/p> \u274c\u00a0KYC:<\/strong> You have to verify your identity in order to buy or sell. This data is then passed on to the government.\u00a0<\/span><\/p> Binance has has over 6,000 staff globally, and since registering in Zealand in September 2022 as a Financial Services Provider, they have invested heavily into marketing, complying with NZ regulations and developing an NZ based team.\u00a0<\/span><\/span><\/p>\n Ben Rose, Binance’s CEO is a member on the\u00a0<\/span>Blockchain NZ council<\/a>, and many of the Binance NZ team are public.\u00a0<\/span><\/p>\n Binance is an international exchange, headed and founded by Changpeng Zhao (CZ), one of the most well known and trusted crypto developers and entrepreneurs in the world. Binance NZ is in it’s early days, but is gearing for the long haul.<\/span><\/p><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t To open a Binance account in New Zealand, follow these steps:<\/b><\/span><\/p> Go to the Binance website<\/a> and click on the “Register” button.<\/span><\/p><\/li> Enter your email address and create a strong password.<\/span><\/p><\/li> Agree to the terms of use and click on “Create Account.”<\/span><\/p><\/li> You will then receive a verification email from Binance. Click on the verification link in the email to activate your account.<\/span><\/p><\/li> Once your account is activated, you can log in to Binance and set up two-factor authentication (2FA) for added security.<\/span><\/p><\/li> To start trading on Binance, you will need to deposit funds into your account. Click on “Deposit” and select the cryptocurrency you wish to deposit. Binance supports several cryptocurrencies, including Bitcoin, Ethereum, and Litecoin.<\/span><\/p><\/li> Once you have deposited funds into your Binance account, you can start trading by selecting the trading pair you wish to trade and placing an order.<\/span><\/p><\/li><\/ol>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t The primary method for acquiring cryptocurrency on Binance with New Zealand Dollars (NZD) involves utilizing a credit\/debit card to deposit funds into your Spot wallet. This approach is particularly user-friendly, especially for those new to the platform.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t Sign in to your Binance account and select [Buy Now]<\/strong> from the homepage.<\/p> <\/p><\/div><\/div><\/div> Choose from a variety of fiat currencies to buy crypto. Enter your desired fiat amount, and the system will instantly reveal the corresponding cryptocurrency quantity. In this illustration, we’ll use 100 EUR to acquire BTC. Click [Buy]<\/strong> to proceed.<\/p> <\/p><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t Choose your preferred payment method. Opt for [Card]<\/strong> and click [Confirm]<\/strong> to complete the purchase using a credit\/debit card.<\/p> <\/p><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\tBinance NZ <\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
\n\t\t\t\t\t\t\t\t\t\t\t\t\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/i><\/span>\n\t\t\t\t\t\t\t\t<\/i><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\tWhy We Recommend Binance NZ<\/a>\n\t\t\t\t\t<\/h3>\n\n\t\t\t\t\t
\n\t\t\t\t\t\t\t\t\t\t\t\t\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/i><\/span>\n\t\t\t\t\t\t\t\t<\/i><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\tPros & Cons <\/a>\n\t\t\t\t\t<\/h3>\n\n\t\t\t\t\t
\n\t\t\t\t\t\t\t\t\t\t\t\t\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/i><\/span>\n\t\t\t\t\t\t\t\t<\/i><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\tReputation<\/a>\n\t\t\t\t\t<\/h3>\n\n\t\t\t\t\t
Opening a Binance Account in NZ <\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
How to Buy Bitcoin & Crypto on Binance NZ <\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t