How to Sell 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.

Where to sell 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.
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!

bitcoin as a rocketship image

 

What makes Bitcoin valuable?

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.

How to sell Bitcoin in New Zealand?

Your first step is to head to the Easy Crypto website, which can be found by clicking here. Once you reach the site, click the ‘…or sell’ button to bring you to the next step.

screenshot of Easy Crypto main website

Now that you have chosen to sell,  input the amount of NZD you would like to receive. Once you have chosen the amount you want to sell, click the ‘BTC’ button to access all the coins you can sell.

choose your coin image Easy Crypto

After clicking the BTC button, you will be able to choose what coin you want to sell from the following list.

Coin list Easy Crypto

Now that you have picked what coin you want to sell and how much, click the big green ‘SELL NOW’ button to move to the next step.

sell now button Easy Crypto

You will now be brought to the confirm order page, where you can confirm your order amount, see all the fees and confirm your bank account. If your bank account is not correct or you would like to make a change, you can easily do this by going to My Account > Details > Bank Account > Add New Account. Once you have confirmed that everything checks out, click “get deposit address’ to move to the next step.

Confirm order Easy Crypto

Now you are at the last step, which also happens to be the most important. It is important that you follow these instructions closely, as sending the wrong amount to us could result in a loss of funds. Once you are sure you know the correct amount to send to us, tick the checkbox at the bottom to confirm you are sending the right amount and the deposit address will appear. ( the address for you to send your crypto to)

Easy Crypto final sell order page

Once you have ticked the checkbox, your the deposit address and a QR code will appear. You can now send your crypto to the address and we will verify that it is a complete order and send the funds to your NZ bank account.

Final order Screen easy Crypto

To start buying and selling crypto at the best rates in NZ, with unparallel speeds and ease, click here to trade with Easy Crypto.