How to buy Bitcoin in NZ

What is Bitcoin?

Have you heard of cryptocurrencies like Bitcoin, but haven’t a slightest clue on what these are and why they are so special? Well, the time of being misinformed is over, as Easy Crypto has you covered with information on all major cryptos, the application of this technology and an easy walkthrough on how to get involved with the exciting world of crypto.

Bitcoin is a digital currency. In many ways, it operates just like any other currency. You can use it to buy goods and services, and you can use it to store value, just like you would money in your bank account. Bitcoin is not the only cryptocurrency in this brand-spanking new digital asset class, but only the first. Since bitcoins birth in 2008, 1600 other cryptocurrencies have spawned, all with the goal of revolutionizing payments and improving accessibility, efficiency, and security. For a full analysis, click here.

bitcoin coin in front of gold

Where to buy Bitcoin?

Easy Crypto is NZ’s freshest Crypto retailer, with the simple mission of making crypto as safe, fast, cheap and easy to buy & sell as possible, and it seems we are doing a very good job of this already.
it takes under an hour to verify your account, 2 minutes to sign up and 1 minute to make your first transaction. We list over 55+ cryptos, ranging from XRP to Ethereum, and everything in between. Want to see your favorite coin listed on the site? Easy as, just click here to vote for your coin and when it strikes 10 votes, we will add it to the menu!

Why buy Bitcoin?

The price of Bitcoin is determined by the Market; by means of supply vs demand, scarcity & utility. In Bitcoins case, it is important to understand the key differences between price & value, so I would recommend reading this short explanation here. During your experience with crypto and digital assets, It is likely you will meet many people who fatuously conjoin these two things into one, so wise up. 😉

Like gold, Bitcoin is scarce: its supply is limited. There are currently just over 16.2m Bitcoin in circulation,  and the maximum that will ever exist is capped at 21 million. This set cap is well known, making its scarcity transparent. This is a key difference between fiat (government issued cash such as NZD, USD, AUD) and true cryptocurrency: a government state can always create or destroy more money, but you can never create a new Bitcoin – apart from the process of mining crypto itself. 

To have value, Bitcoin must also be useful. Bitcoin creates utility in a number of ways.

-Like gold, Bitcoin is perfectly fungible (one Bitcoin is similar to another), it is divisible (you can pay someone a small fraction of Bitcoin, should you want to) and easily verifiable (via the Blockchain).

-Bitcoin is considerably faster than traditional payments, especially when it comes to overseas and inter-bank transactions.

-There are no intermediaries during the transaction, apart from the blockchain itself. This means you do not need to ask for permission to create an account, or to send or receive money. This also means nobody else about from the computers facilitating the trade is taking a stake for themselves.

-Bitcoin is borderless, essentially acting as the worlds first universal currency.

-Bitcoin is decentralized, meaning no one person or organization is in control. Bitcoin’s Blockchain like many other cryptos, is powered by collective self-interest, meaning its processing capability is powered by the people who are lending their computational power to the blockchain grid in return for some of their own Bitcoin.

bitcoin coin next to gold bars

Not only does Bitcoin currently have value as a payment system, but also as an asset class (a store of wealth). It is also useful because it is built on open protocols, meaning, anyone can innovate on top of it and make the system better.

How to buy Bitcoin NZ?

Buying and selling bitcoin is now easier than it has ever been, and you can start doing this right now on Easy Crypto.