How to buy Bitcoin in NZ

What is Bitcoin?

Have you heard of cryptocurrencies like Bitcoin, but haven’t the 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, 2116 other cryptocurrencies have spawned, all with the goal of revolutionizing payments and improving accessibility, efficiency, and security in transactions. For a full analysis of Bitcoin, click here.

bitcoin coin in front of gold

Where to buy and sell Bitcoin in New Zealand?

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.
We are the only crypto retailer in New Zealand with a fully electronic verification system, meaning you can sign up and be verified to trade within 2 minutes of starting the verification process.  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 and sell Bitcoin NZ?

In order to start trading crypto with us, you must first create an account and get verified. We have a fully electronic verification system, so don’t expect this process to take longer than 5 minutes. Your first step would be to head over to the main Easy Crypto website, which can be found by clicking here. If you are struggling to get through our verification system, either click here for a full walkthrough or flick us a message on our Facebook page for further assistance. Now that you are signed up and verified, you will now be able to start buying and selling any of our 47+ listed coins. A walkthrough on how to do this is as follows.

Walk through for main page of easycrypto
Now that you have chosen wheather you want to buy or sell and how much you are wanting to transact, you can progress to the next page by clicking ‘BUY NOW’. 

In this page, you can insert your public address and memo tag if your transaction requires one. To learn more about our Portfolio feature, you can find more information here. If you do not already have a wallet and do not wish to use ours for whatever reason, we recommend using Exodus, a cold software multi-currency wallet. You can download the Exodus wallet by clicking here.  If you would like to learn more about crypto wallets and how to safely store your crypto, click here.
step 3 for buy and selling crypto, poli or manual bank transfere

After you have inserted your public address and your memo tag if it is required, You will now move onto our payment page. You have two options with your payment method, manual bank transfer or to pay with Poli. Poli is an instant payment processor in which you input what bank you’re with, your account number and your account password, and then the Poli system will do the rest of the work. We do not store your any of these details but you can choose to let your browser remember your account and password of you wish to streamline your next transaction with us.
screenshot of the pay with poli page for the 4th addition to the walk through

Now that you have clarified that you have inputted the correct address, you are ready to finalise the order and either through Poli or manual bank transfer. Once the money is received on our end, our system will automatically send the crypto from our wallet to yours, and this should take no longer than 30 minutes. If you have any hiccups along the way or simply would like someone to assist you with your transaction, don’t be shy and flick us an email @ [email protected] We look foward to being your go-to crypto retailer and we wish you good luck with your investment in digital assets!

To start buying and selling crypto at the best rate in NZ, click here.