How to Buy Bitcoin in New Zealand: Step by Step Guide, bitcoin broker nz.
Bitcoin broker nz
Another option is to purchase a hardware wallet. A hardware wallet is a physical USB device which stores your private keys and authorises transactions.
Top forex bonus list
How to buy bitcoin in new zealand: step by step guide
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 100 different cryptocurrencies. We also provide FREE advice on secure ways to store bitcoin and are happy to help with any technical questions that you have. Oh, and if you're looking to sell bitcoin in new zealand, we can help you with that too!
How bitcoin works
First, let's cover the basics of bitcoin, how it works and how to use it. If you already feel confident with this aspect, feel free to skip down to the next section which details exactly how to buy bitcoin with NZD.
How does bitcoin work?
Bitcoin is a peer-to-peer (P2P) electronic cash system, as described by satoshi nakamoto, the anonymous figure(s) who published the original bitcoin whitepaper in 2008. The beauty of bitcoin is that it eliminates the need for a third party such as a financial institution (bank) to be involved in the process of sending value from one person to another.
Nakamoto proposed a unique method of using a chain of hash-based proof-of-work to form an immutable ledger of transactions operating on a P2P network. While this sentence makes absolutely zero sense to your average joe, cypher-punks and cryptography experts marvelled at the idea and began downloading this so-called "blockchain" bitcoin network and experimenting with the best technological innovation since the internet.
The purpose of this article isn't to explain the seemingly futuristic workings of this mind-boggling cryptographic invention. Should you wish to delve into more detail, we have a guide specifically illustrating how blockchain technology works.
Don't get all caught up in worrying that you don't understand how the technology works therefore you won't be able to use bitcoin. After all, I would safely wager my weeks wages on the bet that most people have no idea how electricity works yet that doesn't stop them from using it in everyday life in the form of television, lightbulbs, mobile phones etc. For now, let's focus purely on bitcoin and how one can think of it in less complicated terms.
Bitcoin functions similarly to your usual internet banking transaction or online credit card or debit card purchase. The biggest difference? There is no bank involved. Bitcoin ownership is simply transferred from the sender's wallet address to the receiver's wallet address using magical numbers that result from complex mathematical calculations (discussed further in the article linked in the last paragraph).
Your bitcoin is stored on the blockchain and you access this via your bitcoin wallet. Think of it like this: the blockchain acts as a bank "vault", the wallet acts as your "bank account", and the wallet address as your "account number".
How can you use bitcoin?
When it comes to using bitcoin, there are many different ways. You've likely heard about people who have made a lot of money by owning the digital currency for yonks and then selling it when it gained popularity and the value skyrocketed.
To potentially profit is one of the biggest drawcards for crypto with many choosing to buy and sell it as a short-mid term investment. In saying that, over 50% of our readers state they buy and hodl (hold) cryptocurrencies for the long-term.
Others choose to use crypto as a store of value, to further diversify their investment portfolio, or to support the development of the technology and the myriad of blockchain use-cases.
Nowadays, more and more retailers, both online and brick and mortar, are choosing to accept various cryptocurrencies as a payment method for their goods and services. Currently, the most widely used and accepted cryptocurrency is bitcoin. Merchants can easily integrate bitcoin payments through the use of apps such as bitbucks and shopify!
How can I convert or exchange my bitcoin to cash (and vice versa)?
Now that you know that bitcoin functions similarly to traditional fiat currencies (e.G. NZD, USD, THB, EUR etc.) and how you can use it, you might be wondering how on earth you get some to start with. And that's where bitprime comes in!
By having a verified account with us, you can easily buy bitcoin using your new zealand dollars - as easily as any other online purchase!
And if you already have some cryptocurrency and you wish to sell (exchange) it for new zealand dollars we do that too. Continue reading to find out how!
How to buy bitcoin in new zealand with NZD
What should you consider before buying bitcoin in new zealand?
If you've made it this far, then you probably have a rough idea of what bitcoin is. There's plenty of information on our FAQ page and blog pages if you're still trying to figure bitcoin and blockchain tech out. Assuming that you've now done your homework and want to get the ball rolling, here is a simple "how-to" guide written specifically for the new zealand market.
Step-by-step guide on how to buy bitcoin in new zealand:
1. Verify your ID with bitprime
The first step to buy bitcoin in new zealand with NZD is to apply for an account and verify your ID with us. We aim to process all verification requests within two hours where possible, and the sooner you submit your application, the sooner you can purchase bitcoin!
The reason we verify the identity of everyone we transact with is to help prevent online fraud occurring and to meet our obligations under the anti money laundering and countering financing of terrorism act (AML/CFT) 2009. All financial service providers in new zealand have to follow this act and cryptocurrency providers are no exception.
We also need to prove that whoever is ordering from us is paying from a bank account in their name and that the funds aren't coming from an illegitimate source or a third-party.
All ID documents are stored in a heavily encrypted database. These topics are covered in much more detail in our terms of use, AML/CFT policy, and privacy policy. Make sure you read these carefully to ensure we are the right platform for you. Remember, we aren't a bitcoin exchange per se; we are a cryptocurrency retailer. More detail on exactly what this means is found on our how it works page but, in short, we operate like any other retailer simply buying or selling a product for money.
As for the actual verification process itself, we have published a walkthrough guide in our knowledge base for you to refer to should you get stuck.
2. Set up your wallet
The next thing to organise is a wallet to store your bitcoin and other cryptocurrencies. The best one for your needs will depend on which currencies you want to use, what device you want to use, and if you're prepared to pay for a wallet or not. We have a whole page dedicated to helping you understand how wallets work and how to choose one here.
Software wallets
If you want a free software wallet for storingbitcoin, we recommend using a multicurrency wallet like exodus or jaxx liberty. For more advice on choosing the right wallet for your needs, see this post: the top 10 bitcoin wallets.
Hardware wallets
Another option is to purchase a hardware wallet. A hardware wallet is a physical USB device which stores your private keys and authorises transactions. It works in the same way as a software wallet but has an additional layer of security in that you're only connected to the internet when you plug the device in, and they are fairly easy to use once setup. Once again, we have numerous guides to help you with this and any related troubleshooting.
Ledger and trezor devices both support a broad range of cryptocurrencies, eliminating the need for multiple wallets and maximising security. We are affiliates of both because they are the only two manufacturers we recommend.
Only ever purchase a new device and avoid secondhand ones to be certain that nobody else has the devices recovery phrase.
3. Buy bitcoin in new zealand
The last step is to go ahead and buy your bitcoin. You can also buy ethereum, litecoin, XRP, and many other coins from us.
- You'll need to wait until you've been notified that you've been granted a verified account before placing an order.
- To buy bitcoin, log into the site, navigate to either the bitcoin product page or our all coins page. Here, you enter the amount of bitcoin that you want to buy. You can enter the amount in either new zealand dollars (NZD - fiat currency) or a specific amount denominated in bitcoin (BTC - cryptocurrency).
- After submitting your order you can pay via poli. Alternatively, our bank details and the reference number for your order will be displayed on-screen for you to make a manual bank transfer. Please make sure you read the details thoroughly and that you only use the reference details provided. With a bank transfer, please make sure you come back to our site and press the button confirming you have paid your order.
- **top tip** payment by poli is the fastest option as we receive near-instant confirmation of the funds leaving your bank account, and can usually process orders well within the hour. With a manual bank deposit, we need to wait for the bank processing times.
- Once we have confirmed receipt of your money in our account, your coins will be sent to your wallet! We do not send any crypto without first receiving full confirmation that we have the funds in our account.
- Done! You are now the proud hodler of BTC.
Don't be a stranger!
We're here to help in any way that we can. If you can't find the answer to your question in our FAQ page and blog page, then please, do get in touch. We provide email and live chat support to all of our current and potential customers FREE of charge.
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?" or "how much should I invest?".
However, we can answer "what are the characteristics of bitcoin?" or "what is a blockchain?". We're open from 9 am - 10 pm, seven days, so it's easy to get hold of one of our knowledgeable team members. ��
Have you ever been curious about how the "1%" buy bitcoin? Check out our post on BTC whales and OTC trading.
What you should know about bitcoin trading in new zealand
The cryptocurrency industry is expanding and exploding wider than ever. It grew from NZD 1,000 per BTC to NZD15, 000 per BTC in 2017. This explosion caused the market to grow even larger. The beauty of it is that you do not need to have your own cryptocurrency wallet as a beginner if you want to get involved in bitcoin trading.
Bitcoin trading providers
This business can be profitable if you have access to the right kind of information. You can make money via several methods, like margin trading and arbitrage trading. It is also very easy to learn and understand even by beginners. The volatility in cryptocurrency has further increased the popularity of cryptocurrency trading, thereby bringing in new investors and users.
Why trade bitcoin?
There are several factors that set bitcoin trading apart from any other kind of online trading business. These factors make cryptocurrency trading one of the best in the world and are highlighted below:
- It is a global business: you can get involved in cryptocurrency trading in virtually any part of the world, including new zealand. There is no geographic divide at all. All you need is a computer connected to the internet, funds in your trading account and the right kind of information
- It can be traded 24/7: forex trading only takes place 5 days in a week, but cryptocurrency trading occurs 7 days in a week. Consequently, you can make money from bitcoin trading every day of the week, including weekends.
- It is highly volatile: the price movement in cryptocurrency trading is frequent and rapid. You can spot several easy trading opportunities per day with each of them capable of increasing your bankroll or deposit by up to 5% or even more.
Finding the right exchange
Before you can trade cryptocurrency in new zealand, you need to register with a good exchange. There are so many of them out there today, but it is unfortunate that not all of them can be trusted. Check below for hints on how to choose the right new zealand exchange for a profitable bitcoin trading.
- Regulation & trust: find out if the exchange is trustworthy before you pitch your tent with them. Steer clear if there are indications that they can run away with your funds.
- Location: is the exchange located in new zealand where the local currency can be accepted? If it is not located in new zealand, does it allow deposit from new zealand or with the new zealand dollars?
- Fees: how much does the exchange charge you per trade?
- Liquidity: does the exchange has high liquidity and very good market depth? You will need these features if you are into bitcoin trading as a large trader.
Before you pitch your tent with any of the bitcoin trading exchanges in new zealand, take some time to read up reviews about that exchange; this will give you an idea of the quality of service provided by the exchange and read more at trading uk.
How to sell bitcoin in NZ – new zealand’s most trusted BTC guide
Home learn new zealand how to sell bitcoin in NZ – new zealand’s most trusted BTC guide
Harry satoshi
Investment, new zealand • february 22, 2019
How to sell bitcoin in NZ
Contrary to popular belief, it is actually incredibility easy to sell bitcoin in new zealand.
On your own command, it is possible to use an NZ bitcoin exchange like easy crypto NZ and convert BTC to NZD within 24 hrs.
- You can easily sell bitcoin at the best broker bitcoin prices in NZ through easy crypto NZ.
- We are the safest place to sell bitcoin in NZ, being the only NZ bitcoin exchange to have a 100% funds safety guarantee.
- You can sell bitcoin in NZ through us instantly and expect to have your NZD in your bank account in less than 24 hrs.
We are also the only crypto retailer in new zealand with a fully automated verification system, meaning you can sign up and be verified to trade within 2 minutes after signing up. You can easily buy and sell 80+ cryptos through us, ranging from bitcoin to XRP to ethereum, and everything in between.
Is it a good time to sell your bitcoin in NZ?
This is a tough call, and unfortunately, there is no crystal ball that can provide a definite answer on if you should sell your bitcoin now or tomorrow.
What you can do to provide yourself with some certainty, however, is to form and solidify your bitcoin investing strategy, meaning that regardless of when you sell, you know it was calculated and planned.
If you are wanting to sell bitcoin in NZ today, is this because you need some NZD for something else, you want to lock in your gains or are you worried the BTC price is going to plummet?
If you do sell bitcoin, do you plan to keep it in NZD until you are ready to convert it back into bitcoin? At what price will you do this? From there how long do you wish to keep it in BTC for? These are all ideas that you may want to consider before you sell bitcoin in NZ.
How to sell bitcoin in new zealand through easy crypto NZ
To sell bitcoin in NZ, your first step is to head to the easycrypto.Nz website and create a free account.
Creating an account to sell bitcoin in new zealand through easy crypto will only take about 20 seconds, and as the name implies, you will find our signup and verification process very easy.
Head to https://www.Easycrypto.Ai.Nz/ > click sign in > create account > insert details > save.
Now that you’ve created and verified your easy crypto NZ account, it is time to select how bitcoin you want to sell and see how much NZD you will receive. Our trading widget will instantly provide you with the current price in NZD for the bitcoin you wish to sell.
Whenever you want to sell bitcoin in NZ through easy crypto, there will never be a time where we can’t buy your bitcoin.
Now that you’ve created an account, click ‘or sell‘ > input the amount of bitcoin you want to sell in either BTC or NZD > ‘SELL NOW‘
Now you will arrive at the confirm order page, where you can confirm your sell order amount, see all the fees and confirm your bank account.
If your bank account is not correct or you would like to make a change, you can easily do this by going to my account > details > bank account > add new account.
Once you have confirmed that everything checks out, click ‘get deposit address‘ to move to the next step.
Now you are at the final step, which also happens to be the most important.
It is important that you follow these instructions very carefully, as sending the wrong amount will result in our system not automatically matching up your order.
This will not result in you losing your money though, but it will halt the transaction until one of us here at easy crypto manually match up your order.
Once you’re sure you know the correct amount to send to us, tick the checkbox at the bottom to confirm you are sending the right amount and the deposit address will appear.
(the address for you to send your bitcoin to)
Now that you’ve ticked the checkbox, your deposit address and a deposit address QR code will appear. You can now send your bitcoin to the provided address and we will verify that it is a complete order and send the funds to your NZ bank account.
Your bitcoin will be converted into NZD instantly, however, it may require up to 24 hrs for the NZD to reach your account. Unfortunately, the banks aren’t as fast as crypto is, but this shouldn’t take too long.
To start buying and selling bitcoin at the best broker prices in NZ, with unparallel speeds and ease, click here to start selling bitcoin in NZ with easy crypto.
And if you’re from across the ditch, click here to sell bitcoin in australia instantly and safely.
What to do now that you have learnt how to sell bitcoin in new zealand?
So you now have NZD sitting in your bank account, and you have successfully sold and converted your bitcoin to NZD. Your next step is to decide if you want to jump back into crypto and buy bitcoin in NZ again, or instead use that money for something else instead.
You likely sold your bitcoin as you were wanting to spend it elsewhere, or secure your gains. If you were securing your gains, your next step may be to wait for a price drop in bitcoin before reinvesting, or spend your NZD on another cryptocurrency that you think will increase in price in the short or long term.
To learn more about the other 2 largest cryptocurrencies in the crypto market; ethereum and XRP, see our guide on what cryptocurrencies should you buy.
So, let's see, what we have: we've written this easy step-by-step guide to help you buy bitcoin in new zealand for the first time. Bitprime is the premier cryptocurrency retailer in new zealand. Proudly owned and operated, we provide FREE information and support to our customers. At bitcoin broker nz
Contents
- Top forex bonus list
- How to buy bitcoin in new zealand: step by step guide
- How bitcoin works
- How does bitcoin work?
- How can you use bitcoin?
- How can I convert or exchange my bitcoin to cash (and vice versa)?
- How to buy bitcoin in new zealand with NZD
- Step-by-step guide on how to buy bitcoin in new zealand:
- How bitcoin works
- 1. Verify your ID with bitprime
- 2. Set up your wallet
- 3. Buy bitcoin in new zealand
- Don't be a stranger!
- What you should know about bitcoin trading in new zealand
- Bitcoin trading providers
- Why trade bitcoin?
- Finding the right exchange
- How to sell bitcoin in NZ – new zealand’s most trusted BTC guide
- How to sell bitcoin in NZ
- Is it a good time to sell your bitcoin in NZ?
- How to sell bitcoin in new zealand through easy crypto NZ
- What to do now that you have learnt how to sell bitcoin in new zealand?
Comments
Post a Comment