How to Buy Bitcoin in NZ – New Zealand’s Definitive Guide
What is Bitcoin (BTC)?
Bitcoin is a cryptocurrency that is exclusively transacted over the internet. In many ways, it operates just like any other currency. You can send it, receive it, and use it to store value – just like you would with NZD in your NZ bank account.
Before we jump in with learning how to buy Bitcoin in NZ – The 2-minute video below will explain the basics of Bitcoin (BTC).
How to Buy Bitcoin in NZ
Easy Crypto is NZ’s most popular and trusted cryptocurrency exchange – with the simple mission of making it as safe and easy as possible for the average New Zealander to buy and sell Bitcoin and other cryptocurrencies.
- Easy Crypto NZ has the cheapest broker Bitcoin prices in NZ.
- We are the only Bitcoin exchange where you can buy Bitcoin NZ knowing you have a 100% funds safety guarantee across all orders.
- We list over 70+ cryptocurrencies, ranging from Bitcoin to Ethereum to XRP, and everything in between.
- Easy Crypto is the safest, fastest and easiest way to buy Bitcoin in NZ.
By being the only Bitcoin broker in NZ to have a fully automatic verification system, you can easily verify your account and convert NZD to Bitcoin in minutes. Signing up and buying Bitcoin with Easy Crypto NZ can be achieved in less than 5 minutes. ⚡
Click here to sign up and make a free account to buy Bitcoin in New Zealand through Easy Crypto today.
So what makes Bitcoin different from normal currency like the NZD?
Being the first cryptocurrency ever created, Bitcoin provides its users with several advantages that no other type of money to date has before.
- Unlike government-issued cash like the New Zealand Dollar, Bitcoin is not stored in a bank account, but rather in a digital account called a Bitcoin wallet.
- Since Bitcoin is an internet currency it has no comprehension of international borders. Bitcoin can be sent anywhere in the globe in seconds.
- Unlike government fiat currencies which experience devaluation over time due to the government and banks printing and destroying money (inflation), Bitcoin has a set supply making it truly scarce. This is also why BTC’s price moves up and down, but more on that shortly.
One of the most important features about the Bitcoin network is the fact that it is is not owned and maintained by one central organisation or government, but rather by hundreds of thousands of anonymous computers around the world owned by real Bitcoin users.
This revolutionary attribute leads to three key points:
- Bitcoin is essentially censorship-resistant, and all Bitcoin transactions are irreversible. When you buy Bitcoin NZ, you know you and only you are in control of it.
- Bitcoin is pseudonymous, meaning that your transactions are anonymous unless you share your Bitcoin wallet address with someone.
- No government can shut down the Bitcoin network, as there will always be someone running the network in another country or geolocation.
Another thing that makes Bitcoin unique is that Bitcoin is not only a currency but also a payment network. One way to think about this is as follows.
Currencies: NZD, USD, AUD, CAD, EURO
Payment Networks: Mastercard, Visa, Swift, Paypal, and Western Union
Bitcoin is revolutionary because not only is it not associated with any other asset, government or corporation, but it is the first medium of exchange that is a currency and payment network at the same time.
Why Do People Buy Bitcoin in NZ?
This capped limit is due to the math and technical architecture of the Bitcoin network itself, and it’s well known to the public – making its scarcity transparent, unlike gold or other precious metals.
You may be confused by how Bitcoin can have a set limit in existence, but this is one of Bitcoins greatest truths. We know exactly how Bitcoin much exists, and therefore we can accurately value it – unlike gold, silver, government currency or other assets.
As demand for Bitcoin increases with more people using it as a store of value, investment vehicle or currency, the price will follow and continue to rise as there’s is a fixed supply of Bitcoin in existence.
Bitcoin Price in NZD Since 2013:
A great example of how Bitcoin’s price is determined by supply and demand was when mainstream media began to heavily cover Bitcoin at the end of 2017 – drawing the term ‘Bitcoin‘ and ‘cryptocurrency‘ into the public spotlight, setting them in stone as household names.
Due to immense media coverage and a surge in adoption, Bitcoin’s price blasted up 1200% between 2017 and 2018. What would follow would be a year of market recovery, ending with a heavy drop in price at the start of 2019.
To some, this drop was a deal-breaker, but to others, this was the best summer sale they had ever seen. As you can see from the BTC price chart above, anyone who used Easy Crypto NZ to buy Bitcoin at the start of 2019 is now reaping the benefits, having seen their Bitcoin double in price…
Now 2020 come, Bitcoin is floating around the $14,000 NZD price mark, with many NZ Bitcoin enthusists epecting the price to surge further in the coming months.
Regardless of Bitcoin’s infamous price fluctuations, the number of people buying Bitcoin and setting up their own Bitcoin wallets has continued to consistently increase every month at a rapid rate. With less than 0.7% of the world owning Bitcoin in 2020, it is safe to say that this digital asset has a huge future ahead of it.
Bitcoin’s value is not purely based on its ability to immensely fluctuate in price though, but rather by how unique it is as a currency and store of value.
So what makes Bitcoin so damn special?
- Bitcoin is fast, and it typically takes less than 30 minutes to send Bitcoin anywhere on earth.
- Sending Bitcoin is cheap, as it only has to pass through its own system rather than the banks or other 3rd party intermediaries.
- Since there is no organisation in the middle of the Bitcoin network authenticating transactions as a bank would, there is no way that the system can be shut down, nor can anyone meddle or restrict your ability to make payments.
- Bitcoin transactions can be anonymous, as its user’s bitcoin wallets by default are not tethered to their real-world identities.
- Anyone can easily create a Bitcoin wallet without having to ask anyone for permission – which is a big deal for the 1.7 billion adults in the world who currently don’t have access to bank accounts.
- Bitcoin was the worlds first genuinely decentralised digital universal currency.
Bitcoin clearly holds multiple revolutionary qualities, such as its ability to be used to send anonymous irreversible transactions to anywhere in the world with just a cellphone and internet connection – or its ability to used as a self-sovereign banking system without central oversight or restriction.
Bitcoin and the other growing list of 2,000 plus cryptocurrencies are going to change the world for the better, but the real question right now is: Is it too late to get in early?
Is it too late to buy Bitcoin in NZ?
Absolutely not. Bitcoin and cryptocurrencies are currently about as widely adopted as the internet was in 1994, with less than 0.5% of the world owning any Bitcoin for themselves.
Unless government currency and the banking establishment can offer stronger niche advantages of their own over Bitcoin, it appears to be inevitable that a decentralised universal digital payment system will have a strong role in the way we transfer value between each other in the future.
Like how the internet has profoundly shaped the world since the first website was published in 1991, cryptocurrencies like Bitcoin in 2020 are already on their own way to making their own incomprehensible impacts on the world of finance, banking, and beyond.
Bitcoin in its current state could be compared to where we were at in 1961 with space travel, with artificial intelligence in 1955, with cellphones in 1999 or where we were with television in the ’60s.
In comparison to the various other asset classes and global debt, cryptocurrencies like Bitcoin clearly have a lot of a room for growth – especially if Bitcoin can garner mainstream adoption from its use as an almost instant international payment instrument.
Here is a snapshot of the total amount of money in Bitcoin from 2018 compared to the other major asset classes, to demonstrate just how much space Bitcoin has to grow:
Fun fact: If the Bitcoin market cap were to exceed the gold market cap, each and every Bitcoin would be priced at over $650,000 NZD per coin.
It’s important to know that Bitcoin adoption may not be primarily led by its ability to make instant cross border payments though, but rather by something much more powerful.
Bitcoin wallets can be created for free, by anyone on earth who has an internet connection and a computer or basic smartphone – and there are currently 1.7 billion people on Earth who don’t have access to a bank account…
Bitcoin Can Bank The Unbanked
Bitcoin wallets can be set up and used on any standard smartphone, and the number of global smartphone owners is rapidly growing. This in combination with efforts from the likes of Elon Musk and Mark Zuckerburg to provide the entire planet with cheap reliable highspeed internet – the groundworks for providing this huge number of people with their own digital banks are already in the works.
Out of these 1.7 billion people, 1.1 billion don’t have any legal ID. So they couldn’t create a bank account right now even if they wanted to. No longer does this invisible population have to sit on the sidelines and play the roles as spectators. But rather directly contribute to global trade and engage with international online commerce through the power of Bitcoin and other decentralised cryptocurrency.
Bitcoin – An alternative to unstable and restrictive government-issued currencies
There are also over 140 million people living in countries that have highly unstable national currencies, such as Venezuela, Zimbabwe and Argentina. This incomprehensible number of people living under such unpredictable conditions will also benefit from using Bitcoin – or any currency that is not being heavily manipulated by their own government or being stung by heavy international sanctions.
Now that we have covered what Bitcoin is, why people buy Bitcoin, if it’s too late to buy Bitcoin and how Bitcoin will improve the world, you may be wondering how to join the action and buy some for yourself.
Firstly, you’re going to need a Bitcoin wallet, and you can see our simple guide on how to get a Bitcoin wallet in NZ by clicking here.
How to Buy Bitcoin in New Zealand through Easy Crypto NZ
- Create a free account with Easy Crypto, which you can do by clicking here.
- Verify your ID in less than 2 minutes using our automatic verification system.
- Buy Bitcoin through us at the best prices in NZ in seconds.
In order to invest in Bitcoin in NZ with us, you must first create an account and get your identity verified. We have a fully electronic verification system, so don’t expect this process to take longer than 3 minutes.
Now that you’re signed up and ready to buy, follow this walkthrough and you will be a proud Bitcoin owner in less than 2 minutes.
If you live across the ditch and want to buy Bitcoin locally, check out our cousin Easy Crypto Australia.
Now that you have chosen whether that you want to buy bitcoin or any of our other 70 listed cryptocurrencies and how much, you can progress to the next page by clicking ‘BUY NOW’.
In the second page of the order (as shown above), you can insert your Bitcoin wallet address. To learn more about the Easy Crypto Wallet, you can find more information here. If you do not already have a wallet and do not wish to use ours for whatever reason, we recommend using Exodus wallet.
If you would like to learn more about crypto wallets and how to safely store your Bitcoin, click here.
Payment Options for buying BTC through Easy Crypto NZ:
Poli is an instant payment processor in which you input what bank you’re with, your online banking account number and your account password, and then the Poli system will take care of the rest. Poli is trusted by thousands of Kiwis and Australian businesses, and you can learn more about it here.
Windcave’s Account2Account payment service is a secure outsourced partner to all major merchant banks in Australasia – trusted with hundreds of millions of transactions annually.
Manual Bank Transfer
Just good old regular bank transfer. This will take a little slower as unfortunately, the banks aren’t quite as fast as crypto, but the deposit should only take around an hour. 🙂
We do not store any of your banking details, but you can choose to let your browser remember your account and password if you wish to streamline your next transaction with us.
Now that you have confirmed that you’ve inputted the correct Bitcoin wallet address, you are ready to finalise the order and either pay through Poli, A2A or manual bank transfer. Once the money is received on our end, our system will automatically send the Bitcoin from our wallet to yours, and this should take no longer than 3 minutes.
If you have any hiccups along the way or would simply like someone to assist you with your transaction, don’t be shy and flick us an email here. We look forward to being your go-to crypto retailer, and we wish you the best of luck with your investments in digital assets!
You Used Easy Crypto to Buy Bitcoin in NZ – Now what?
Well, this all depends on your personal interests! Bitcoin is simply a digital currency, and with a currency like Bitcoin, you can theoretically buy and sell anything that you want. As long as the people or companies you are trading with are accepting or using Bitcoin, the sky is the limit!
Since Bitcoin is still only used by a small percentage of the global population, there are plethora of ideas that involve using Bitcoin that haven’t been materialised yet in the business world.
Own a bakery? Start Accepting Bitcoin! Want to sell your art on the internet to a brand new niche market wanting to spend their Bitcoin? Do it!
New Zealand is perfect for Bitcoin because not only are we one of the most business-friendly countries in the world, but more importantly there are probably less than 200 companies in the cryptocurrency scene in NZ. The world is your oyster!
Another cool thing to consider is that if Bitcoin and other cryptocurrency do massively take off in the future, by making it so your small business accepts crypto, you can claim the title as ‘First [business type] to accept Bitcoin in New Zealand’! This may seem like nothing right now but in 15 years you might have some major bragging rights! 😉
To Buy Bitcoin in NZ – head to our main trading website here: https://easycrypto.ai/nz