How do I Cash Out Bitcoin in NZ? – Cash Out BTC at Easy Crypto

How do I cash out Bitcoin in NZ? — Investing in Bitcoin in New Zealand is easy. Easy Crypto makes it easy to buy Bitcoin in under 2-minutes. However, it is also necessary for Bitcoin investors to have an easy way to cash out BTC funds for New Zealand Dollars. — At least, if investors want to cash out profits at some point.

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How do I Cash Out Bitcoin in NZ?

Cashing out Bitcoin takes place when someone who bought Bitcoin when BTC prices were low, wishes to sell when they are high. Sadly, it is not always possible to cash out Bitcoin in a timely manner on international exchanges like Coinbase.

• Coinbase is known to restrict the amount of Bitcoin investors can sell during peak trading periods.

• Almost every international BTC exchange is known to limit how much Bitcoin can be exchanged for fiat cash in a single transaction.

• It is common for exchanges like Bitfinex to limit cash withdrawals, due to having limited liquidity.

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Thankfully, Easy Crypto is not like international exchanges like Coinbase or Bitfinex. Easy Crypto is proud to serve only Kiwi cryptocurrency users. Easy Crypto is also in the fortunate position of being able to draw on cash liquidity from several leading over the counter (OTC) Bitcoin brokers.

What this means for you is simple.

  • At Easy crypto, it is possible to cash out Bitcoin in NZ, whenever you want to.
  • It is possible to cash out an unlimited amount of crypto in a single OTC order.
  • Our access to OTC market liquidity means we never limit sell orders, even during peak trading periods.

Cash Out Bitcoin in NZ By Creating a Simple Sell Order.

At Easy Crypto, it is possible to create a new Bitcoin sell order just as easily as it is a buy order.

  • Select ‘Buy & Sell’ from the top menu on the Easy Crypto exchange home page.
  • Sign into your Easy Crypto account.
  • Select ‘Sell’ and enter the amount of Bitcoin you would like to convert to New Zealand dollars.

At present, it is possible for any Easy Crypto user to cash out up to $30,000 (NZD) in BTC in a single transaction. It is possible to cash out more. However, when this is the case, we may need to see proof of where Bitcoin you are cashing out originated.

Pile of New Zealand Dollars NZD

How Long Does it Take to Cash Out BTC in NZ?

Easy Crypto is proud to offer 24/7 BTC to NZD cash withdrawals. After you deposit Bitcoin to sell, transactions will (in most cases) be confirmed in under 2-minutes. Evey cash out request is also settled by 6 pm on the evening it is requested. Whether you cash out $1,000 or $30,000 of BTC, it is, therefore, possible to have NZD funds deposited into your bank account within one working day or less.

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When I Exchange BTC for New Zealand Dollars, Will Charges be Applicable?

Easy Crypto is New Zealand’s fastest, easiest to use, and most reputable Bitcoin brokerage, To keep things this way, we do charge fees on cash withdrawals. At present, fees average 0.5% to 2.1% of any new cash out request.

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When Should I Cash Out Bitcoin?

New Zealand cryptocurrency investors cash out Bitcoin at different times for different reasons. However, if you are invested in Bitcoin, it is advisable not to cash out coins at the first sign of a Bitcoin price correction. This is especially true if you are new to trading and investing.

Fear of missing out (FOMO) trading is the easiest way to make losses when buying and selling cryptocurrency. When initially buying Bitcoin it is, therefore, advisable to decide how long you wish to stay invested for, as well as plan an exit strategy; not cash out at the first sign of BTC price corrections.