How to Buy Ethereum in NZ – New Zealand’s most trusted Ethereum Guide

Ethereum has been the second most popular cryptocurrency in the world after Bitcoin for almost three years. Like Bitcoin, the Ethereum price has enjoyed periods of explosive growth during this time. Here we’ll, therefore, explain why Ethereum is a favourite coin among cryptocurrency investors.

At the same time, well explain how to buy Ethereum in NZ faster (and for better NZD to ETH prices) than on international exchanges like Coinbase in New Zealand. ⚡

Easy Crypto NZ logo and slogan

Buy Ethereum in NZ through Easy Crypto in Under 2 Minutes

Easy Crypto is an independent and fully regulated New Zealand based cryptocurrency exchange. By being based in NZ, Kiwis can buy Ethereum minus high NZD exchange rates and transaction fees applied by international exchanges like Coinbase.

Trust Pilot Easy Crypto NZ New Zealands best way to buy and sell Bitcoin screenshot

Easy Crypto is the best place to buy Ethereum in NZ for several reasons:

Pink Floyd ethereum logo with rainbow and black background

What is Ethereum?

Ethereum was created in 2015 by Russian-American blockchain developer Vitalik Buterin. Based on the same decentralized principles of Bitcoin, Ethereum significantly expanded on the capabilities of what a cryptocurrency and blockchain could be.

Chief among innovations is the ability of the Ethereum blockchain to act as a decentralized virtual computer.

 

Using the Ethereum Virtual Machine (EVM), independent developers can create secondary blockchain-based apps called D’Apps and tokens, built upon the Ethereum Network. Instead of having to build new blockchains from scratch, businesses and individuals can, therefore, deploy new cryptocurrencies, blockchain-based services, and even full software applications on top of Ethereum’s core infrastructure.

Cryptocurrencies built on top of the Ethereum blockchain are called ERC-20 tokens, and they can be used for an almost infinite amount of applications. ERC-20 tokens can be built to tether real-world assets to tokens, to represent votes in an election, to represent CO2 emissions for governments to auction to coerpations and beyond! The video below will give you a simple rundown on the basics of ERC-20 tokens on the Ethereum Blockchain:

 

Ethereum Use Cases

At present, Ethereum D’Apps exist which can tokenize real word assets, provide on-demand distributed computing power, and power new digital identification systems.

Ethereum also allows individuals and businesses to create Smart Contracts that provide computerised automated contracts to any Ethereum wallet or token built on the Ethernet. These are self-executing applications which automatically verify and enforce contractual terms associated with transactions.

  • Smart Contracts can be used to transact data, ownership of real-world assets and cryptocurrency on the Ethereum Network
  • Smart contracts are used by insurance agencies to fight fraud
  • Smart contracts streamline, expedite, and improve the security of real estate transactions
  • New startups regularly use D’Apps and smart contracts to raise startup capital via initial coin offerings (ICOs)
  • Smart Contracts are expected to revolutionise the world of contracts, and power them forward digitally into the automated computerised world.

Ethereum ETH logo with reflective transparent Icon with orange and blue tinting

How to Buy Ethereum in NZ

Several new cryptocurrency projects claim to be technologically superior to Ethereum. However, like Bitcoin, none have so far achieved anywhere near the success of Ethereum in the wild. Ethereum also benefits from the ongoing development of new network features. Most investors, therefore, prioritize Ethereum over altcoins when diversifying their cryptocurrency portfolios.

How to buy Ethereum in NZ Using Easy Crypto New Zealands leading Cryptocurrency broker GIF website preview

So How to Buy Ethereum in New Zealand through Easy Crypto?

Step 1 – Open an Easy Crypto Account

Signing up to Easy Crypto couldn’t be easier. Users can choose to sign up via email. Alternatively, new users can create accounts instantly by signing up via Google, Facebook, or Twitter.

You can click here to sign up in minutes now.

 

Step 2 – Verify Your Identity

Cryptocurrency exchanges are required by law to verify user identities. However, unlike on exchanges like Coinbase, Easy Crypto can verify accounts in under 2-minutes when users provide us with a New Zealand issued drivers license. Manually submitting a verification request will also typically see your account verified in less than 2 hours.

Step 3 – Buy Ethereum in NZ by Selecting an Amount in NZD

After a new user account has been verified, Easy Crypto users can enter an amount of Ethereum they would like to purchase in New Zealand dollars. After confirming this amount, users can then pay via direct bank transfer or POLi instant pay.

Bitcoins to NZD or NZD to Bitcoin image

Buy Ethereum in NZ & Liquidate ETH for New Zealand Dollars

Most cryptocurrency investors invest in coins like Ethereum long-term. However, Easy Crypto also allows users to sell Ethereum whenever they decide to liquidate assets. Proceeds from sales are available within 24-hours. Moreover, 24-hours is the maximum amount of time funds take to process. In many cases, sales proceeds will be available much sooner.

To get started with Easy Crypto today, click here. 😎

Last updated 9th October 2019