How To Buy Bitcoin In New Zealand (2020)

Are you a beginner and wondering how to buy in Bitcoin in New Zealand (NZ) but don't know where to start? If so, read our step by step guide which will help to answer common questions such as:

Before you pull the trigger, we recommend that you set up a digital hardware wallet to safely store your crypto coins. While most fiat-to-crypto exchanges have online wallets, it's best to keep your Bitcoin offline using a device that you hold in your own possession.  

How To Buy Bitcoin In NZ

To buy Bitcoin in New Zealand, follow these simple steps:

  1. Register for an account with a New Zealand crypto exchange such as Independent Reserve
  2. Complete the signup registration process
  3. Verify your email and account
  4. Click on 'Deposit' to fund the account with NZD
  5. Select your preferred payment method and confirm
  6. Go to the dashboard and select the cryptocurrency you want to buy
  7. Enter the amount of crypto you want to buy
  8. Confirm the transaction details and confirm your purchase

Where To Buy Bitcoin In New Zealand

Here is our consolidated list of the best places where you can buy Bitcoin in the NZ (with our commentary):

  1. Independent Reserve (popular exchange with several crypto currencies to buy and sell)
  2. Plus500 (trading platform that allows cryptocurrency CFD trading)
  3. Binance (worlds largest crypto exchange that supports NZD deposits using credit cards)
  4. Easy Crypto (simple and easy to use, local crypto service provider in NZ)
  5. ZebPay (global crypto exchange to buy/sell crypto instantly with zero deposit fees)
  6. Coinbase (high quality, safe and reliable exchange that has been around for many years)

Bitcoin Exchange New Zealand: Comparisons

This comparison guide provides an overview of where to buy Bitcoin in NZ. To read the full exchange review, click the links above or read our article on the Best Cryptocurrency Exchanges in NZ.  

Exchange

Website

Cryptocurrency

Fee

Rating

independent reserve

15

0.05% - 0.5%

4.5 / 5

plus500

Disclaimer: Your capital is at risk

14

Spread only

4.2 / 5

binance

16

2.5%

4.1 / 5

Easy Crypto

100+

1%

3.9 / 5

zebpay

8

0.4%

3.8 / 5

coinbase

22

4%

2.5 / 5

Bitcoin Exchange New Zealand Reviews

Independent Reserve

Independent Reserve is a popular exchange among cryptocurrency traders around the world that offers trading competitive fees and support for traditional fiat currencies such as the New Zealand Dollar and US Dollar. The exchange supports NZD deposit methods using SWIFT to buy, trade and sell 14 cryptocurrencies including Bitcoin in New Zealand. 

independent reserve

Features:

  • Reputable and trusted Bitcoin exchange in NZ
  • Tier based fee structure that decreases with volume traded
  • Funds are backed by insurance company
  • Supports Swift deposit methods to send NZD's
  • Automatic recurring purchases to dollar cost average
  • Customer support available 24/7

Ease of use

Reputation

Deposit methods

Fees

Plus500

Plus500 is one of the best CFD providers in Shares, Indices, Forex, ETFs, Options, and Indices. The platform offers the ability to buy CFD's of popular cryptocurrencies such as Bitcoin, Ethereum, Litecoin, Neo, Ripple XRP, EOS, Cardano, Tron and Monero. While Plus500 does not allow the actual crypto asset to be purchased, traders are able to speculate on the Bitcoin price to earn potential profits in NZD. 

plus500 crypto

Features:

  • Regulated CFD provider in New Zealand
  • Buy CFD's on popular cryptocurrencies and traditional markets
  • Up to 30:1 leverage on cryptocurrency
  • Fund account using credit card, BPAY, bank transfer and PayPal
  • User friendly and intuitive mobile trading app
  • Full demo trading account to learn how to trade cryptocurrency

Ease of use

Reputation

Deposit methods

Fees

Binance

Binance crypto exchange that offers a place to buy, trade and sell more than 100 cryptocurrencies. The platform has seen a meteoric rise since being founded in 201 to become the most popular cryptocurrency trading exchanges in the world. The exchange has opened its doors to users in New Zealand to deposit funds and buy Bitcoins with a credit card, debit card or with cryptocurrency.

binance

Features:

  • Leading cryptocurrency exchange in the world
  • Over 100 cryptocurrency assets such as Bitcoin
  • Multiple trading pairs against fiat, altcoins and stablecoins
  • Competitive trading fees
  • Future, margin and options crypto trading available
  • Earn interest on crypto with a Binance savings account

Ease of use

Reputation

Deposit methods

Fees

Easy Crypto

Easy Crypto is a regulated cryptocurrency exchange in New Zealand that provides a simple and beginner-friendly online platform. The Bitcoin exchange offers several deposit methods to buy 44 cryptocurrencies with New Zealand Dollars. Purchased Bitcoin is transferred directly to the users hardware wallet and is not stored by the exchange.

easy crypto NZ

Features:

  • Simple to use platform that will suit beginners
  • Reputable Bitcoin exchange in NZ 
  • Cryptocurrency is sent straight to personnel hardware wallet
  • Supports over 100 cryptocurrency assets in addition to BTC
  • Local exchange in NZ with responsive customer support

Ease of use

Reputation

Deposit methods

Fees

ZebPay

Zebpay provides an on-ramp to allow investors residing in New Zealand to buy Bitcoin with fiat currency using the desktop site or mobile trading app. ZebPay us a global cryptocurrency exchange that supports NZD deposits. The exchange offers competitive fees to rival its closest competitors.

Zebpay

Features:

  • Intuitive and easy to use Australian crypto exchange
  • Low trading fees to buy, trade and sell cryptocurrency
  • Web and mobile trading app for Android and iOS devices
  • Rapid sign up and account verification
  • Customer support available 24/7

Ease of use

Reputation

Deposit methods

Fees

Coinbase

Coinbase is the most popular Bitcoin exchange in the world that is available in over 100 countries such as New Zealand. Residents in New Zealand can buy Bitcoin using payment methods such as bank transfer or debit card. Coinbase offers a secure wallet to store your newly purchased Bitcoin.

coinbase

Features:

  • Global cryptocurrency exchange that allows AUD deposits
  • Well trusted and secure cryptocurrency platform
  • Buy, trade and sell multiple crypto coins
  • Buy crypto with a debit card or bank transfer
  • Supports staking of cryptocurrencies
  • Customer support available 24/7

overall

2.9/5

Ease of use

Reputation

Deposit methods

Fees

Detailed Guide To Buying Bitcoin In New Zealand

Here’s a step-by-step guide explaining how to buy Bitcoin in New Zealand using Easy Crypto as an example. 

easy crypto NZ

Step 1. Register An Account With Easy Crypto

To create an account with Easy Crypto, click the 'Create Account' button on the website. This will take you directly to the Easy Crypto registration page where you will be asked to choose one of the options below to get started:

  • Sign in with Google 
  • Sign in with Facebook
  • Sign in with Email
easy crypto create account

Step 2. Verify Account and Activate 2FA

Next, you will need to complete the Easy Crypto verification process. It takes a couple of minutes to complete. 

To start the verification process, navigate to the top bar and click on 'My Account' which will take you to your profile. Here, you can select 'Verify Account'. This will take you to an online form where you will only be required to provide some personal information.

easy crypto register

Once you have entered in your personnel details, the next step is to upload your identification document that shows your current address. This can be a passport or a driver licence.

Step 4. Add Your Bitcoin Wallet Address 

If you own a Bitcoin hardware wallet, you can add the address into Easy Crypto. This means, when you complete your transaction, the Bitcoin is sent directly to your wallet. It is the safest way to purchase Bitcoin using an exchange as there is no risk of your funds being stolen in an exchange hack.

easy crypto wallet

To add your wallet address in Easy Crypto:

  1. Navigate to the top menu and click on 'My Account'
  2. Select 'Addresses' and go to 'Address Book'
  3. Click on 'Add New Address'
  4. Select the crypto asset and enter in your wallet address
  5. To Save click on 'Save Address'

Step 4. Make A Bitcoin Order

Now you're ready to make your first Bitcoin purchase. You can either use the widget on the homepage or click on 'Buy/Sell' at the top which will take you to an order window as shown below.

easy crypto bitcoin

Here, make sure at the top slider the 'Buy' button is selected. Then choose 'Bitcoin' from the crypto asset list and select the amount of Bitcoin you wish to purchase. Easy Crypto has denomination buttons to make it easy or you can manually enter in an amount. Once you're happy with the order details click on 'Buy Now'. 

The next step is to confirm payment via your bank account using POLi or EFT and that's it!

Conclusion

Buying Bitcoin in New Zealand is actually quite simple and safe using a cryptocurrency exchange such as Independent Reserve or Easy Crypto. These exchanges are reputable in NZ and suited to both beginners and experienced investors to get started with Bitcoin.   

Few more related articles to read:

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Kevin
Kevin is the founder of hedgewithcrypto and is passionate about blockchain technology. He has been involved with Bitcoin since 2016 after discovering it's potential as an alternative to fiat currency. He is also a trader with over 8 years of experience and is now trading crypto using various platforms. Now, he is focussed on helping others learn about cryptocurrencies via hedgewithcrypto.

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