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. rows · Use CryptoSpot to find the best price to buy or sell Bitcoin and Altcoins in New Zealand. . 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.
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Bitcoin Cash. Unsure about cryptocurrency? Why trade with us. NZ based retailer Know who you are dealing with. Easy trading of 50 crypto-coins. Personal service Get expert advice.
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Even though it is a center of blockchain innovation. The Ledger Nano X is the newest crypto hardware wallet, and is very easy to use. Atomic wallet is a multicurrency mobile wallet with a beautiful interface and easy to use features.
Electrum is a Bitcoin-only wallet that has been around since It's easy to use, but has advanced features. Set up in as a hobby, the exchange saw an explosion of use as the value of bitcoin skyrocketed.
The Cryptopia hack was one of the biggest of a rash of hacks that followed during Although New Zealand's name has come up a lot in connection to mining thanks to the popular stat that bitcoin mining uses more power than the whole of NZ —New Zealand actually doesn't do all that much bitcoin mining. There is no exact data available. However, New Zealand's' electricity price is above the global average.
This makes mining in NZ less profitable than in other countries such as Iceland or Kuwait. Independent Reserve has NZD trading pairs for many popular coins. Local Bitcoins is another option. Here, you can buy and sell Bitcoin for a wide range of payment methods, from gift cards to bank transfers. Local Bitcoins is a peer-to-peer P2P exchange, where you buy and sell with another individual.
This does introduce a degree of risk, though by ensuring that you conduct all business on the platform, make use of its escrow services, and only trade with users who have a good reputation, you'll minimize any potential problems.
Disclaimer: Buy Bitcoin Worldwide is not offering, promoting, or encouraging the purchase, sale, or trade of any security or commodity. Buy Bitcoin Worldwide is for educational purposes only. Every visitor to Buy Bitcoin Worldwide should consult a professional financial advisor before engaging in such practices. Buy Bitcoin Worldwide, nor any of its owners, employees or agents, are licensed broker-dealers, investment advisors, or hold any relevant distinction or title with respect to investing.
Buy Bitcoin Worldwide does not promote, facilitate or engage in futures, options contracts or any other form of derivatives trading. Buy Bitcoin Worldwide does not offer legal advice.
Any such advice should be sought independently of visiting Buy Bitcoin Worldwide. Only a legal professional can offer legal advice and Buy Bitcoin Worldwide offers no such advice with respect to the contents of its website. Buy Bitcoin Worldwide receives compensation with respect to its referrals for out-bound crypto exchanges and crypto wallet websites. 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!
Now that you know that Bitcoin functions similarly to traditional fiat currencies e. 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! If you've made it this far, then you probably have a rough idea of what Bitcoin is. 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! 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. 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. 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. 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. 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.