New Zealand has historically been one of the more progressive countries when it comes to their regulatory stance on Bitcoin and cryptocurrency. This has led to widespread adoption and investment speculation by local's who have been crypto crazy since the boom in 2017.
Unlike neighbouring Australia, New Zealand has very few reputable exchanges to select from.
This guide takes a deep dive into the best cryptocurrency exchanges to Buy Bitcoin in NZ.
Independent Reserve is the largest and most trusted exchange across New Zealand and Australia. Founded in 2013, they have grown to become the most popular option across AU & NZ.
They offer an extremely simple user interface, low fees on NZD deposits and the best selection of cryptocurrencies.
Independent Reserve's exchange is available to customers worldwide, however their key focus is in Australia, NZ and Singapore. In terms of fiat deposits, they also accept AUD, USD and NZD as shown above.
Their exchange offers one of the widest rangest of deposit methods available in New Zealandincluding PayID/Osko, EFT, POLi and SWIFT. This makes it easy for New Zealanders to quickly onboard and buy Bitcoin and other cryptocurrencies due to their great range of on-ramps.
They have a simple to user order book style trade interface that is easy for first time Bitcoin buyers and crypto traders. Their trading view offers to main order types - the first option is a Market Buy which means that you buy Bitcoin or the crypto you select at the lowest price available on the market.
The other option is a Limit Order that will enable you to choose the price that you wish to execute the Bitcoin or cryptocurrency order at.
For example, a user can set a 'limit buy' for $1,000 NZD worth of Bitcoin at $12,000 NZD. This means that when the price of Bitcoin drops to $12,000 NZD - a $1,000 NZD buy order will execute for the user automatically.
Read our detailed Independent Reserve Review.
BitPrime is a prominent NZ Bitcoin exchange that was founded in early 2017 by two locals named Ross Brown and Monique Wright.
They offer both a platform to buy and sell a small range of cryptocurrencies and an OTC desk for locals in New Zealand looking to purchase over $100,000 NZD worth of crypto.
Get started with BitPrime
Trusted by over 14,000 New Zealanders, BitPrime offers a relatively simplistic platform that includes a service for managed wallets. This means that you can buy and store your cryptocurrency on BitPrime. However, as a rule of thumb it is always best to deposit your crypto onto your hardware wallet to reduce the risk of hacks.
Overall, BitPrime is a solid option if you are looking to go with an exchange based in New Zealand.
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