How to Buy Bitcoin

Contrary to popular belief, It is actually incredibly easy to buy Bitcoin, even in New Zealand. ⚡

Before you buy Bitcoin, however, you are going to need a place to store it. For this, I would recommend taking a look at our Bitcoin wallet guide – but you have plenty of decent options that you will be able to set up for free in less than 2 minutes.

A Bitcoin wallet is the equivalent of a bank account for your NZD, as Bitcoin is store in their own type of digital wallet you will need to set up before you can receive any. The good news is that Bitcoin wallets are very easy to set up. 🙂

gold nugget sitting next to bitcoin coin with black back ground

What is Bitcoin?

Bitcoin (BTC) is a digital currency (cryptocurrency), and it shares many of the same basic characteristics of any other currencies you may use. Bitcoin, however, holds many of its own unique qualities, and many tech enthusiasts alike believe that Bitcoin is the most unique type of money on the planet.

Bitcoin is highly unique in three key ways:

  • Bitcoin is not stored in a bank account, but rather a ‘Bitcoin wallet‘ – cutting out the entire need for a bank account or government ID.
  • Bitcoin can be sent anywhere in the world in minutes for ultra-low fees, essentially acting as a universal currency.
  • Unlike traditional government-issued money like the New Zealand Dollar, the total amount of Bitcoin in existence can not be manipulated or changed.

Bitcoin price from 2013 to 2019 in USD from coinmarketcap

For these reasons, Bitcoin has seen a drastic increase in price over the last 2 years, creating millionaires overnight and providing the ability for the 1.7 billion people in the world who don’t have banks to use a mutual government-less currency.

With less than 1% of the world owning Bitcoin, it feels safe to say that Bitcoin has a long future ahead of it. Bitcoin has been the best performing global asset in the world in 2019, increasing in price 170% from the start of this year to now.

How to Buy Bitcoin

Your first step is to sign up with a Bitcoin exchange or broker. Exchanges typically offer higher volumes than brokers, but they can be very hard and intimidating for someone to use who has little to no experience in the world of Bitcoin and cryptocurrency.

For this reason, to buy bitcoin, we would recommend buying Bitcoin through a local NZ Bitcoin broker like Easy Crypto NZ. 😎

Easy Crypto NZ logo and slogan

New Zealand’s Best Place to Buy and Sell Bitcoin

Looking for your best option to Buy Bitcoin? Well, look no further! You have just found New Zealand’s fastest, easiest and cheapest Bitcoin and cryptocurrency broker; Easy Crypto! 😁

Easy Crypto is your best way to buy Bitcoin in New Zealand for several key reasons:

If you are looking to buy Bitcoin, you have come to the right place. Our trading system is fully automated, so you can just sign up, verify your account and start trading over 70+ cryptocurrencies in minutes.

Easy Crypto NZ trust pilot reviews

Buying Bitcoin through Easy Crypto is that fast, that we even set the world record for the fastest Bitcoin purchase ever! 🚨

What Should my Bitcoin Investing Strategy be?

Your strategy for Buying Bitcoin should be fully determined by what you want to get out of Bitcoin as a financial  instrument or investment, but here are a few ideas that might spark your interest:

  • Like myself and most of Easy Crypto customers, we buy Bitcoin to sit on for the long run while more people adopt Bitcoin as a currency and store of value. Since Bitcoin has a set supply that cannot be changed, the more people invest in Bitcoin, the higher the Bitcoin price will go. If you would like to learn more about why the price is destined to increase as more people buy Bitcoin, you can see our simple explanation here.
  • You can buy Bitcoin and kick off with day trading. Bitcoin day trading is when you buy and sell Bitcoin to ride out market trends and hopefully capitalise on good luck or savvy market reading skills. For this, you will want to learn and develop technical analysis skills, which you can then use to make future projections based on current trends in the market. This strategy, however, carries enormous risk, as the market is extremely random and volatile.
  • You can simply go and buy things with your Bitcoin, and you can see all the places that you can spend your Bitcoin in NZ here.

How to buy Bitcoin through Easy Crypto

Your first step is to create an account and verify. This should take no longer than 2 minutes due to our automated self-service verification process. ⚡

For a walkthrough, you can see our guide here, but otherwise, head to the Easy Crypto homepage to buy Bitcoin now. 🙂

If you need any help, please don’t hesitate to ask our team for assistance, as we are more than happy to get you kicked off in the exciting world of Bitcoin and cryptocurrency!