The easiest way to buy Bitcoin in
NZ
The easiest way to buy Bitcoin in New Zealand
Buy Bitcoin online in any country. Supporting 80+ payment methods.
The best crypto exchanges from
NZ
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Buy Bitcoin
NZ
Buy Bitcoin safely and instantly in New Zealand (NZ) through our trusted exchange affiliates and partners.
How to invest in Bitcoin
Buying Bitcoin in NZ is much easier than many think. It is as simple as picking an exchange, creating an account, depositing money and making your first purchase with New Zealand dollars (NZD).
Where to purchase Bitcoin in New Zealand (2021)
Review and compare the best cryptocurrency exchanges below to find the fastest and most secure way to make your first Bitcoin purchase in New Zealand. Buy Bitcoin Finder gives order placement preference to exchanges located in New Zealand, or exchanges that enable the smoothest verification for citizens of NZ.
The most trusted exchange in NZ
Independent Reserve is Australia and New Zealand's longest running Bitcoin exchange that was recently awarded Cryptocurrency Exchange of the Year for 2019.
Their platform offers the lowest fees out of any exchange in New Zealand for NZD, AUD and USD deposits. Buy Bitcoin Finder recommends Independent Reserve for those looking to purchase BTC in NZ.
Payment Methods
Pros
- The most trusted exchange in Australia and New Zealand
- Low fees and wide range of payment methods
- Fast deposits for NZD, AUD and USD
Cons
- User interface may be confusing for new Bitcoin buyers
The premier exchange for Bitcoin traders in NZ
Binance is arguably the world’s largest Bitcoin and cryptocurrency exchange that enables users in New Zealand to buy, sell and trade crypto with New Zealand dollars. Their platform offers over 200 different cryptocurrencies with deep liquidity and low fees.
On Binance, users in NZ can purchase cryptos using their BNZ Bank account, ANZ Bank account, Credit Card, Debit Card, Osko, PayID and much more.
Payment Methods
Pros
- The best exchange for crypto traders in NZ
- Trade with up to 125x leverage on Binance Futures
- Easy to use interface for new traders
Cons
- Less secure than local options like Independent Reserve
Invest in Bitcoin with a Debit Card or Credit Card Instantly
Coinmama allows users from any country around the world to buy Bitcoin, Ethereum and Chainlink using their exchange. They are one of the few exchanges that allow Credit Card and Debit Card purchased for Bitcoin and crypto using Visa and Mastercard.
If you are a customer in Europe, you can also buy Bitcoin with a SEPA transfer for a lower fee. Coinmama is an extremely private and secure option to invest in Bitcoin as they will send it to your personal Bitcoin wallet, as opposed to having the Bitcoin or cryptocurrency on a managed and less secure wallet on their platform.
Payment Methods
Pros
- Purchase crypto with a Debit Card and Credit Card
- Highest limit to invest in Bitcoin using a Credit Card
- Reliable and trustworthy exchange
Cons
- Relatively high fees when using a Debit Card or Credit Card
NZ Bitcoin exchange and OTC desk
BitPrime was founded in NZ in early 2017 by partners Ross Brown and Monique Wright. They offer an easy to use platform and as an organisation strive to make access to Bitcoin and digital assets simple through a simplistic user interface and with good content to educate new users.
BitPrime offer Bitcoin, Ethereum, XRP and a few other cryptocurrencies. They also have an OTC desk for New Zealand locals looking to buy over $100,000 NZD worth of Bitcoin.
Payment Methods
Pros
- Local option for New Zealander's who would prefer to use an NZ based exchange
- Good range of payment methods for users
Cons
- Relatively new exchange
- Low liquidity on their order book
The Best Bitcoin and Cryptocurrency Exchange in Cayman Islands
CoinField is the best known Bitcoin and cryptocurrency exchange based in the Cayman Islands. They offer an end to end service for all kinds of crypto users including an easy to use exchange with an iOS and Android app, as well as a market leading OTC desk for institutional and high net worth investors.
CoinField are operational across 193 different countries and offer a wide range of payment methods and fiats to onboard into the digital asset space.
Payment Methods
Pros
- 6 fiat deposit and withdrawal options
- Offer over 20 different crypto pairs
- Users can buy Bitcoin with PayPal
Cons
- The do not offer any of the new DeFi coins
Local NZ Cryptocurrency Exchange
Dasset is one of New Zealand's leading cryptocurrency trading platforms that enable users in NZ to purchase Bitcoin and various digital assets with NZD. As it stands, they offer New Zealand dollar pairs for Bitcoin, EOS, Ethereum, Chainlink, Litecoin, XRP and Tezos.
You can start buying, selling and trading crypto in NZ within minutes thanks to their fast verification speed and easy to use platform.
Payment Methods
Pros
- Trade a wide variety of crypto pairs with NZD
- Low fees for traders in NZ
Cons
- Relatively new exchange in New Zealand
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Trade Bitcoin, stocks and currencies in NZ
eToro is a world renown multi-asset brokerage that allows traders and investors in New Zealand to purchase Bitcoin, commodities, stocks, ETFs, currencies and more all in one easy to use platform.
They are a highly regulated and trusted exchange all over the world and provide a secure option for users in NZ to invest in Bitcoin. It is important to note however that the team at Buy Bitcoin Finder did find that their fees are quite higher than most pure crypto exchanges when compared with other options in New Zealand.
Payment Methods
Pros
- Gold standard in regulation and security
- Simple user interface for new entrants in NZ
- Social trading allows you to copy trade famous traders
Cons
- It isnt a pure Bitcoin exchange, which results in high fees
Peer to peer (P2P) Bitcoin exchange
Local Bitcoins is a decentralized exchange that acts as an escrow service to facilitate peer to peer buys and sells of Bitcoin by allowing users to list their own Bitcoin advertisements or trades.
Users can choose to meet and pay in person or online, making Local Bitcoins the most private way to buy Bitcoin. Local Bitcoins facilitates transactions in Australia, New Zealand, United Kingdom, United States, South Africa and virtually every other country around the world.
Payment Methods
Pros
- The best choice for privacy
- Requires no personal information
- Instant purchases available with cash
Cons
- Users must be careful of scams
- Slightly higher Bitcoin price than exchanges
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CoinCorner is a long running Bitcoin exchange that is bade in the Isle of Man. As an exchange, they are one of the most widely available on-ramps for Bitcoin with users in the United Kingdom, most of Europe, New Zealand, Canada, Australia, South Africa and certain Asian countries.
CoinCorner offer a variety of payment methods to onboard and require no verification or KYC for purchases under 100 pounds.
Payment Methods
Pros
- Trusted company based in the UK
- Instant credit card purchases
- Diverse payment options
Cons
- 1% fee is higher than standard
- No transparent pricing before sign up
Easy to use platform for over 50+ cryptocurrencies
Easy Crypto are as their name describes, an easy to use option for New Zealanders looking to quickly buy Bitcoin shares or crypto. They were founded by brother and sister Alan and Janine Grainger in December 2017 and have quickly grown to become a preferred option in NZ.
Payment Methods
Pros
- Extremely easy to use interface
- Wide range of cryptocurrencies to choose from
Cons
- They are a new company
- Their fees can be more expensive than other options
Buy Bitcoin with New Zealand Dollars
Mine Digital is a cryptocurrency exchange based in Australia that has recently secured a strategic banking partner in NZ to enable users in New Zealand to invest in Bitcoin with NZD.
Unfortunately, the Mine Digital exchange does not have New Zealand dollar pairs for any other cryptocurrency outside of Bitcoin - which doesn't offer users in NZ much flexibility.
Payment Methods
Pros
- Good depth to buy large amounts of Bitcoin with NZD
- Secure and regulated Australian Bitcoin exchange
Cons
- Not a very popular exchange
- Very confusing platform for new users in NZ
Based in Hong Kong, Bitfinex has been one of the longest running and largest USD and USDT (Tether) based Bitcoin exchanges around the world. Bitfinex is a go to exchange for institutional investors, with bank wires being one of the only options to onboard with the cryptocurrency exchange.
Notably, In August 2016, Bitfinex was involved in one of the larger hacks in Bitcoin and cryptocurrency when the lost around 30% of all user funds.
Payment Methods
Pros
- A good option for institutional investors
- Low maker and taker fees
Cons
- Has been hacked before
- Limited payment options
Decentralized Bitcoin exchange
HodlHodl is a global peer to peer Bitcoin exchange, which only requires an email to register. Hodl Hodl have no KYC and are one of the most private exchanges to use alongside other peer to peer exchanges like LocalBitcoins.
Payment Methods
Pros
- Buy Bitcoin with no KYC
- Bitcoin is at competitive prices
Cons
- Can take a while to buy Bitcoin
- Relatively new exchange
Robust Australian cryptocurrency exchange
Zebpay is an Australian based cryptocurrency exchange that has been in operation since 2014 that serves over 3 million users worldwide and has enables over $3 Billion dollars in crypto trades.
Their platform offer an easy to use mobile and web app with relatively low fees and a strong choice of cryptocurrencies. They also enable Australians to buy cryptocurrency investments through their SMSF on their audited and regulated exchange.
Payment Methods
Pros
- Available in many countries around the world.
- Fees are slightly below market average.
Cons
- Small range of cryptocurrencies.
- Do not have many DeFi tokens.
New Zealand based Bitcoin only exchange
Kiwi Coin is a New Zealand based exchange that allows users to buy Bitcoin only. They were founded in late 2014 and have build a pretty strong reputation in NZ amongst Bitcoin maximalists due to their decision to only list Bitcoin.
They are an order book exchange that have good spreads and very low fees.
Payment Methods
Pros
- Order book exchange with low fees
- 100% New Zealand owned and operated
- Bitcoin only exchange
Cons
- Difficult user interface for new users
How to buy Bitcoin NZ
New Zealand's friendly regulatory framework toward Bitcoin and cryptocurrency makes it extremely easy for users in NZ to buy Bitcoin.
As an example, if you were to sign up with Independent Reserve in New Zealand, all you would have to do is:
1. Register a personal or company account with Independent Reserve
2. Enable your 2 Factor Authentication (2FA), with either SMS or Google Authenticator
3. Submit your verification details and add your bank account
4. Deposit New Zealand Dollars into your account from your bank account
5. Search for Bitcoin on the 'Trade' page and hit 'Market Buy'
6. Enter the amount of Bitcoin you want to buy in NZD
7. Preview your order and select buy Bitcoin.
Regulatory and tax treatment of Bitcoin in New Zealand
Unlike neighbouring country Australia who classifies Bitcoin and cryptocurrency as a Capital Gains Asset, The New Zealand Inland Revenue Department (IRD) classifies cryptocurrencies as property that exists virtually. As such, Bitcoin and cryptocurrency in New Zealand is treated as property for the purposes of taxation.
An important distinction to note is the difference between Bitcoin investing and trading, which is classified as virtual property and then crypto mining, which is considered as a business and proceeds are taxable as income. Mining equipment will be eligible for deductions as costs of doing business.
An interesting fact is that New Zealand was the first country to allow employees to get paid with Bitcoin. You can read more about this story here.
Adoption of Bitcoin in New Zealand
The adoption of Bitcoin in New Zealand has been slow. Typically, we see adoption happening quickly in countries facing hyperinflation like Turkey, Lebanon, Venezuela and other countries who have weak local currencies. New Zealand has a relatively stable and healthy economy with a strong local currency and great local banking systems.
In terms of technological development of Blockchain technologies, New Zealand has become quite a tech hub over the past few years with many prominent projects proudly arising out of NZ. Fortunately, the NZ government has also recently come out and advised that they will be implementing more favourable laws with respect to taxation for Bitcoin and cryptocurrencies.
Cryptopia - New Zealand Exchange Hacked
One of the world’s biggest altcoin exchanges was founded in New Zealand after being set up in 2014 as a hobby amongst friends. Unfortunately, the exchange was hacked in early 2019 and fell into liquidation shortly after.
It is important that residents of New Zealand looking to buy Bitcoin take a look at Buy Bitcoin Finder’s selected partners and affiliates to buy Bitcoin from the most secure exchanges.
Bitcoin Mining in New Zealand
One of the world’s biggest altcoin exchanges was founded in New Zealand after being set up in 2014 as a hobby amongst friends. Unfortunately, the exchange was hacked in early 2019 and fell into liquidation shortly after.
It is important that residents of New Zealand looking to buy Bitcoin take a look at Buy Bitcoin Finder’s selected partners and affiliates to buy Bitcoin from the most secure exchanges.
Bitcoin OTC New Zealand and Institutional Services
If you are a high-net individual, broker or family office looking to purchase large quantities of Bitcoin over $100,000 NZD, Buy Bitcoin Finder recommends that you check out a Bitcoin OTC desk in New Zealand. Bitcoin OTC desks in New Zealand offer secure and personalised services that let you securely buy over $100,000 NZD worth of Bitcoin or crypto without having to worry about scaring the order book or falling victim to slippage. You can read more about Bitcoin OTC desks here.
Buy Bitcoin Finder recommends that high-net worth institutional investors use Independent Reserve for the safest and fasted OTC Desk service in Australia and New Zealand.
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