Oct 09, · So, you're new to the crypto market and you want to find out what the easiest way to buy Bitcoin in New Zealand is? Well, you've come to the right place! BitPrime is New Zealand's premier cryptocurrency retailer that can supply you with Bitcoin, as well as over different cryptocurrencies. NZ BASED CRYPTOCURRENCY RETAILER We operate as a full-service cryptocurrency retailer. Trading with us is more secure because you are buying from our reserves. We are different to an exchange or a brokerage because you hold your own coins, not us. 32 rows · New Zealand exchanges are regulated by the FMA and must comply with the “fair dealing” .
Bitcoin markets nzHow to Buy Bitcoin in New Zealand: Step by Step Guide - BitPrime
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What's in this guide? What is Bitcoin? Step 1. Desktop wallets, such as Electrum and Exodus , can be downloaded to your computer and used to store private keys on your hard drive. Web wallets, such as Blockchain Wallet and GreenAddress, offer convenient online access to your Bitcoin.
Paper wallets allow you to print out your Bitcoin public and private keys and use this piece of paper as your wallet. Step 2. Choose a Bitcoin exchange The next step is to decide how and where you will buy Bitcoin. There are hundreds of platforms to choose from, and they can be separated into three main categories: Bitcoin brokers. Brokers offer the quickest and easiest way to buy Bitcoin, allowing you to pay for your digital coins using fiat currency like NZD or USD. Brokers offer user-friendly platforms and allow you to buy Bitcoin using familiar payment methods like a credit card or a bank transfer.
Their main downside is that they often charge higher fees than other options. BitPrime is a New Zealand-based cryptocurrency broker. Cryptocurrency trading platforms. These platforms, such as Binance and Huobi. They tend to offer lower fees than brokers and provide access to a more diverse range of coins. Peer-to-peer P2P Bitcoin exchanges.
Peer-to-peer exchanges cut out the middleman and allow users to trade directly with one another. The seller has the freedom to specify the price they want and their accepted payment methods, and this method allows you to trade with increased privacy. However, you may have to settle for a price higher than the market exchange rate. Examples of peer-to-peer exchanges include LocalBitcoins and Paxful. Step 3. Buy Bitcoin The final step is to submit an order through your chosen platform.
Buy BTC with Coinbase. There are several ways to buy Bitcoin with cash in New Zealand, including the following: Use a peer-to-peer exchange to find a seller who accepts cash. Use a crypto broker that accepts cash deposits, such as Paxful.
Use an exchange that allows you to deposit funds into your account using a money transfer service, such as Western Union or MoneyGram, and pay for your transaction with cash. Cryptex24 is one such platform. You can access local customer support. You get better consumer protection if your funds go missing. Some bigger platforms based overseas offer much better liquidity. Providing your address details.
Uploading a photo of yourself. Remember to also enable 2-factor authentication on your account for extra security. Deposit funds into your account From your Easy Crypto account dashboard, select the currency you want to buy — in this case, Bitcoin BTC.
Can I buy an amount less than 1 Bitcoin? Can I store my Bitcoin on an exchange? Can I buy Bitcoin with leverage? It is possible to buy Bitcoin with leverage. What determines the price of Bitcoin? Is there a Bitcoin supply limit? The maximum supply of Bitcoin is limited to 21 million coins. How long does it take to buy Bitcoin? How can I sell Bitcoin? Disclaimer: Cryptocurrencies are speculative, complex and involve significant risks — they are highly volatile and sensitive to secondary activity.
Performance is unpredictable and past performance is no guarantee of future performance. Consider your own circumstances, and obtain your own advice, before relying on this information. You should also verify the nature of any product or service including its legal status and relevant regulatory requirements and consult the relevant Regulators' websites before making any decision.
Personal service Get expert advice. Book 1-on-1 support calls or consultation sessions. NZ's best info source on cryptocurrency. High asset liquidity Fast order execution for buy and sell. Easy trading you can trust. Special conditions for high volumes. With the relevance of digital assets increasing this equity offer provides an easy on ramp into crypto assets.
Buy ordinary shares to invest in crypto. New Zealand based company. Strong governance and compliance. Inland Revenue lays out ruling on how to pay staff in cryptocurrency. Cybercurrency exchange offers more than bitcoin for NZ dollars. Only ever purchase a new device and avoid secondhand ones to be certain that nobody else has the devices recovery phrase. The last step is to go ahead and buy your Bitcoin. You now need to provide us with your bitcoin address in the Order screen.
A Bitcoin wallet address is usually labelled "Current Address" or "Receiving Address"inside your wallet app. As with other cryptocurrencies, bitcoin transactions are irreversible, so it's essential to get the address right or you risk losing your digital assets. If the coin is sent to the wrong address there is nothing you or I can do to retrieve it. If you are placing an order for a substantial amount and have never purchased from us before, we will first send a small test transaction to you to confirm that your wallet is correctly set up.
For the final step, simply click the "Order" button and follow the various payment instructions provided on the next screen. The bitcoin price, the amount of BTC you are buying, and the amount it will cost you in NZD is locked in at this point in the transaction when you proceed to the checkout. Our current buy and sell exchange rates are always listed on our All Coins page and updated every five minutes.
An example of a Bitcoin address in a windows version of the old Jaxx Classic wallet. We're here to help in any way that we can. We're based here in Christchurch, New Zealand, and we know how to look after our customers. We can answer just about anything, provided it doesn't constitute investment advice.
For instance, we can't answer "Should I buy Bitcoin? However, we can answer " what are the characteristics of Bitcoin?
We're open from 9 am - 10 pm, seven days, so it's easy to get hold of one of our knowledgeable team members. Firstly, navigate to our verification page and follow the steps there.
I would be interested in knowing if there is someone I could Physically meet and get advise and information to enter into this new investment in Christchurch New Zealand Thank you. Select Categories Select Tags Alts are being sent normally, BTC orders can be executed but delivery may be delayed.
October 9, Victoria Hoete-Dodd. Estimated reading: 7 mins. How Bitcoin Works First, let's cover the basics of Bitcoin, how it works and how to use it. How does Bitcoin work? How can you use Bitcoin? How can I convert or exchange my Bitcoin to cash and vice versa? Set up your Wallet The next thing to organise is a wallet to store your Bitcoin and other cryptocurrencies. Hardware Wallets Another option is to purchase a hardware wallet.
You'll need to wait until you've been notified that you've been granted a verified account before placing an order.