How to buy Ethereum in NZ
Summary: The best way to buy Ethereum in New Zealand is through the Independent Reserve NZ trading platform. They offer cheap and fast NZD deposits from any bank with low trading fees that start at 0.5% per trade.
Is Crypto Legal in New Zealand?
The Inland Revenue Department (IRD) of New Zealand has stated that they treat cryptocurrencies like Ethereum stocks, such as Tesla or Facebook. This ultimately means Crypto is legal in New Zealand and taxable for capital gains like any other investment.
How to buy Ethereum in NZ
Buying Ethereum as a resident of New Zealand is incredibly easy thanks to the regulatory clarity around cryptocurrencies in the country. One of the few complications in the process is the wide variety of cryptocurrency exchanges to choose from.
In this short guide, we show you in four simple steps how to buy Ethereum in NZ through Independent Reserve.
- Sign up to the Independent Reserve exchange
- Submit your KYC information to verify your account
- Connect your NZD bank account and transfer funds (24 Hours)
- When your fund hit, select Ethereum and 'NZD' and execute your trade.
Best Ethereum Exchanges in NZ
The cards below provide a high-level overview of the best cryptocurrency exchanges in New Zealand to start buying Ethereum with.
Independent Reserve NZ
Independent Reserve is New Zealand's longest running and most trusted crypto and Ethereum exchange.
Their easy to use platform enables users to instantly buy Ethereum (ETH) with low fees using NZD. Independent Reserve have the best fee structure in New Zealand starting at 0.05% up to 0.5%.
Pros
- Most trusted Ethereum exchange in NZ
- Lowest fees to buy crypto in NZD
- Fast and cheap deposits for NZD
Cons
- User interface can be confusing for new buyers
Payment Methods
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Coinbase NZ
Coinbase is a highly regarded cryptocurrency exchange that allows you to buy Ethereum in NZ with a debit card or credit card. Their instant payment method with debit cards and credit cards make them one of the easiest and fastest ways to buy Ethereum (ETH) in NZ.
It is important to note that their fees for instant purchases are extremely high, starting at 3.99% per transaction on purchases with NZD.
Pros
- Buy Ethereum with a debit or credit card in NZ
- World renown cryptocurrency exchange
- Easy to use interface for new users in New Zealand
Cons
- Very high fees at 3.99%
Payment Methods
Coinmama NZ
Coinmama enables users in New Zealand to buy Ethereum instantly using a credit card or debit card.
Trusted by over 2,300,000 people across 188 countries - Coinmama is a highly regarded exchange that offers the most diverse range of payment methods including VISA/Mastercard, Apple Pay, SWIFT and more.
Pros
- Buy Ethereum in NZ with a debit/credit card
- Highest limit to buy Ethereum with a credit card
- Reliable and trusted exchange
Cons
- High fees for debit & credit card purchases
Payment Methods
BitPrime Exchange
Founded in early 2017, Bitprime is a local NZ based Ethereum and cryptocurrency exchange that enables users to buy ETH in minutes with New Zealand dollars.
They offer an easy to use platform and are on a mission to to make access to Bitcoin, Ethereum and other cryptocurrencies easy for new users.
Pros
- Local option to buy Ethereum in NZ
- Great range of NZD payment options
Cons
- Relatively new exchange in NZ
- Low liquidity for large orders and above average fees
Payment Methods
Easy Crypto NZ
As their name describers, Easy Crypto is an Ethereum and cryptocurrency exchange based in NZ that utilises a simple shop-front user interface for locals to buy, sell and trade cryptocurrencies.
Their exchange offers a simple point and click way to buy Ethereum in NZ and host managed wallets for you to store your ETH.
Pros
- Very easy to use store style interface
- Wide range of cryptocurrencies to buy in NZ
Cons
- Very high fees
- They are a relatively new company
Payment Methods
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