Buy Bitcoin & Crypto in New Zealand

We may receive advertising compensation when you click certain products. Before jumping into this page, an important disclosure.

You'll need a Bitcoin wallet before you buy since some exchanges require one.

Don't have a wallet? Read our guide on the best Bitcoin & cryptocurrency wallets.

  • Popular Exchanges to Buy Bitcoin & Crypto in New Zealand
  • eToro
    • Supports Bitcoin, Ethereum & 15 other coins
    • Start trading fast; high limits
    • Your capital is at risk.

    We do not promote, endorse, or earn commissions from the trading of securities of any kind, including CFDs, however, eToro requires that we provide you with the following disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 62% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.

  • Coinmama
    • Works in almost all countries
    • Highest limits for buying bitcoins with a credit card
    • Reliable and trusted broker
  • Independent Reserve
    • Low fees, NZD deposits, DCA
    • EFT, POLi, Osko & SWIFT
    • Top cryptos, tax reports, local support & OTC desk

Independent ReserveIndependent Reserve Buy Bitcoin

Established in 2013, Independent Reserve is one of the most trusted exchanges in Australia & New Zealand. It caters to retail users, traders, SMSFs and institutions. You can buy Bitcoin using EFT, Osko/PayID, POLi and SWIFT. They use encrypted, geo-dispersed data centres and top tier underground vaults to protect your data and crypto.

This is an ad. We may receive compensation when you use Independent Reserve. Please visit Independent Reserve for its exact pricing terms.

Pros
  • Supports automatic buying at set time interval
  • Wide range of payment methods
  • Support for AUD, NZD, and USD
  • Fees start at 0.5% but may fall as low as 0.05%, depending on trading volume
  • Premium account with insurance on crypto assets
Cons
  • User interface is confusing for first time buyers
Ease of Use
Average
Privacy
Low
Speed
Average
Fees
Low
Reputation
Trusted
Limits
High
Buy Bitcoin

CoinmamaCoinmama Buy Bitcoin Read Review

Coinmama allows customers in almost every country to buy bitcoin. They charge a 4.9%-5.9% (depends on volume) fee on each purchase.

Customers in Europe can also purchase bitcoins with SEPA transfer for a lower fee.

Want to buy using Coinmama? This step-by-step guide will show you how to use Coinmama.

We may receive compensation when you use Coinmama. Please visit Coinmama for its exact pricing terms.

Pros
  • Works in almost all countries
  • Highest limits for buying bitcoins with a credit card
  • Reliable and trusted broker
Cons
  • Some of the highest fees among credit/debit card bitcoin brokers
Ease of Use
Easy
Privacy
Low
Speed
Fast
Fees
Average
Reputation
Trusted
Limits
High
Buy Bitcoin Read Review

eToroeToro Buy Bitcoin Read Review

eToro is a trading platform and crypto exchange. It supports Bitcoin, Ethereum, Litecoin, Zcash and many other coins.

Deposits can be made quickly via bank transfer, SEPA, NETELLER, PayPal and more. It also offers unique features like copy trading.

Your capital is at risk. We do not promote, endorse, or earn commissions from the trading of securities of any kind, including CFDs, however, eToro requires that we provide you with the following disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 62% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.

We may receive compensation when you use eToro. Please visit eToro for its exact pricing terms.

Pros
  • Offers unique copy trading feature
  • Trusted echange that has been active in traditional finance
  • Interface is clean and easy to use
Cons
  • You cannot deposit cryptocurrency, but you can deposit with other payment methods
Ease of Use
Easy
Privacy
Low
Speed
Average
Fees
Low
Reputation
Trusted
Limits
High
Buy Bitcoin Read Review

KrakenKraken Buy Bitcoin Read Review

Founded mid-2011, Kraken is the one of the world's largest cryptocurrency exchanges, and the largest in Europe based on daily average trading volume. It is available in almost all countries. Deposits can be made via bank wire, SEPA, ACH and SWIFT.

Pros
  • Very low 0.25% taker fee, falling to 0.1% with sufficient trading volume
  • Very low maker fee, falling to 0% with sufficient trading volume
  • Highly-rated for security and data protection
Cons
  • Requires ID verification, so not private
Ease of Use
Hard
Privacy
Low
Speed
Average
Fees
Low
Reputation
Trusted
Limits
High
Buy Bitcoin Read Review

LocalBitcoinsLocalBitcoins Buy Bitcoin Read Review

LocalBitcoins is an escrow service which also helps to match bitcoin buyers and sellers. Users may advertise trades for whichever payment method they prefer.

Buying bitcoins via an in-person meeting, secured and facilitated by LocalBitcoins, may be one of the fastest and most private ways to buy bitcoins in any country, including the United States, Europe (besides Germany), UK, Singapore, Canada, Australia and many more.

We may receive compensation when you use LocalBitcoins. Please visit LocalBitcoins for its exact pricing terms.

Pros
  • Can be private, fast and easy
  • In-person trades require no personal information
  • Purchases of bitcoin can be made quickly via cash deposit
Cons
  • Beware of scams; always follow the rules!
  • Harder to buy large amounts of bitcoins compared to large exchanges
  • Slightly to significantly higher prices than regular exchanges; premium for higher privacy
Ease of Use
Hard
Privacy
High
Speed
Fast
Fees
Low
Reputation
Trusted
Limits
Average
Buy Bitcoin Read Review

Kiwi CoinKiwi Coin Buy Bitcoin

Kiwi Coin is a Bitcoin exchange based in New Zealand. You can fund your exchange account with New Zealand domestic bank transfer. Fees are about 0.6% per purchase.

Pros
  • Trusted Bitcoin exchange based in New Zealand
  • One of the cheapest ways to buy bitcoins in the country
Cons
  • Limited payment options
  • Not a good way to buy privately
Ease of Use
Average
Privacy
Low
Speed
Average
Fees
Low
Reputation
Trusted
Limits
High
Buy Bitcoin

CoinCornerCoinCorner Buy Bitcoin

CoinCorner is a Bitcoin exchange based on the Isle of Man. They cater to first-time buyers in the UK, Europe, Canada, Australia, and certain African, Asian, and South American countries. CoinCorner users may purchase bitcoins with SEPA, credit/debit card, GBP bank transfer, and now Neteller too. No verification required for purchases under £100.

We may receive compensation when you use CoinCorner. Please visit CoinCorner for its exact pricing terms.

Pros
  • Trusted and regulated company in the UK
  • Wide range of payment options
  • Good customer support
  • Instant credit card purchases
  • Supports a very wide range of countries
  • Video tutorials covering the basics of Bitcoin and buying and selling
  • Multi-sig security features
Cons
  • 1% trading fee slightly high by European standards
  • Offers a mobile wallet but this is not ideal for bitcoin storage
  • Requires ID verification, so not private
  • Does not provide exchange prices for comparison without sign-up
Ease of Use
Easy
Privacy
Low
Speed
Average
Fees
Average
Reputation
Trusted
Limits
Average
Buy Bitcoin

Bitcoin ATMsBitcoin ATMs Buy Bitcoin

You can use our Bitcoin ATM map to buy bitcoins with cash. Bitcoin ATMs can be a quick and easy way to buy bitcoins and they're also private. That convenience and privacy, however, comes with a price; most ATMs have fees of 5-10%.

Pros
  • Our map makes it super easy to find a Bitcoin ATM near you
Cons
  • Bitcoin ATMs often have 5-10% fees per purchase
Buy Bitcoin

Mycelium Local TraderMycelium Local Trader Buy Bitcoin

Mycelium Local Trader helps you find local Bitcoin sellers. Once you locate a seller, you meet up in-person and conduct the trade. Mycelium charges absolutely no fees. While Mycelium Local Trader works great in highly-populated areas, users in low population areas will have trouble finding sellers.

Pros
  • Easy and cheap way to buy bitcoins with cash
  • Private way to buy bitcoins, no personal information required beyond cellphone number
Cons
  • Users in sparsely populated areas will have trouble finding sellers
Ease of Use
Average
Privacy
High
Speed
Fast
Fees
Low
Reputation
Trusted
Limits
High
Buy Bitcoin

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Bitcoin & Cryptocurrency Trading in New Zealand


Since the popularization of bitcoin, different countries around the globe have had varying rates of adoption. New Zealand played a part in this by becoming the first-ever country to approve salary payments made in the digital currency. 

To find out more about Bitcoin in New Zealand, read on as we discuss the past, present, and future of BTC in NZ.

Adoption of Bitcoin in New Zealand

The adoption of bitcoin in NZ started off slow, and did not see as dramatic leaps as in places such as South America, Turkey, and South Africa. One of the reasons for this could be that New Zealand has a stable and healthy economy. The NZ dollar is strong, deflation is low, and New Zealanders are able to transfer money internationally with relative ease.

In contrast, people in countries such as Venezuela jumped at the chance to use cryptocurrencies as a way to escape the unmanageable rate of devaluation on their own currencies. 

Although the initial use of bitcoin was gradual, as a tech hub New Zealanders quickly became interested in bitcoin and its underlying blockchain technology. Things have come a long way since the early days of bitcoin. NZ's bitcoin and cryptocurrency sector is reported to be booming with developments, and at any given time there is likely to be a selection of blockchain events taking place in NZ. 


Wellington is New Zealand's tech hub

One of the easiest ways to buy Bitcoin in New Zealand is through cryptocurrency exchanges. There are several exchanges offering Bitcoin in New Zealand, and you can easily select one based on your requirements and preferences using our guide. Different exchanges have different transaction fees, withdrawal limits, payment modes, and verification processes that need to be kept in mind before users select one.

Additionally, Bitcoin buyers need to keep in mind the fact that certain exchanges might require them to get a wallet of their own before they are able to buy the digital currency. Also, it is recommended to have a wallet of your own for security reasons, preferably a hardware wallet. If you don’t have a wallet, refer to our guide on the Best Bitcoin and Cryptocurrency Wallets to choose one.


COMPARISON

Ledger Nano X

  • SCREEN:
  • RELEASED: 2019
  • PRICE: $119

Ledger Nano S

  • SCREEN:
  • RELEASED: 2016
  • PRICE: $59

TREZOR T

  • SCREEN:
  • RELEASED: 2018
  • PRICE: $159

TREZOR One

  • SCREEN:
  • RELEASED: 2013
  • PRICE: $59

Unfortunately for bitcoin users, New Zealand does not boast the thousands of bitcoin ATMs that the US does. Even though it is a center of blockchain innovation.



While the US is home to over 4,000 BTC ATMs, currently, there is no Bitcoin ATMs in New Zealand


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Top Bitcoin & Cryptocurrency Exchanges in New Zealand


New Zealand has access to many large Bitcoin and cryptocurrency exchanges.

Have a look at our favorites below:

  • Popular Exchanges to Buy Bitcoin & Crypto in New Zealand
  • eToro
    • Supports Bitcoin, Ethereum & 15 other coins
    • Start trading fast; high limits
    • Your capital is at risk.

    We do not promote, endorse, or earn commissions from the trading of securities of any kind, including CFDs, however, eToro requires that we provide you with the following disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 62% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.

  • Coinmama
    • Works in almost all countries
    • Highest limits for buying bitcoins with a credit card
    • Reliable and trusted broker
  • Independent Reserve
    • Low fees, NZD deposits, DCA
    • EFT, POLi, Osko & SWIFT
    • Top cryptos, tax reports, local support & OTC desk

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Best Bitcoin Wallets for New Zealand



There are three main types of Bitcoin wallet and all of them are supported in New Zealand:

Best for Security

Ledger Nano X

Secure storage for any cryptocurrency

Visit Website

The Ledger Nano X is the newest crypto hardware wallet, and is very easy to use. It connects to iOS, Android & desktop computers.

Temporary Wallet

Atomic Wallet

Best for storing crypto for short period of time

Learn More

Atomic wallet is a multicurrency mobile wallet with a beautiful interface and easy to use features.

Best for Desktop

Electrum

Simple yet powerful desktop wallet

Learn More

Electrum is a Bitcoin-only wallet that has been around since 2011. It's easy to use, but has advanced features.


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Exchange Hacks and Crypto Scams in New Zealand


Although it is unknown to many, one of the world's biggest exchanges, Crytopia was based in New Zealand. Set up in 2014 as a hobby, the exchange saw an explosion of use as the value of bitcoin skyrocketed. 

Unfortunately, in January of 2019, the exchange was hacked for $3.2 million of crypto and was liquidated shortly thereafter. The Cryptopia hack was one of the biggest of a rash of hacks that followed during 2019.




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Bitcoin Mining in New Zealand


Although New Zealand's name has come up a lot in connection to mining (thanks to the popular stat that bitcoin mining uses more power than the whole of NZ)—New Zealand actually doesn't do all that much bitcoin mining

There is no exact data available. However, New Zealand's' electricity price is above the global average. This makes mining in NZ less profitable than in other countries such as Iceland or Kuwait. 


Cost of electricity in New Zealand by year - higher than global average


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FAQ


Does Coinbase work in New Zealand?

Coinbase ONLY allows crypto to crypto conversions for New Zealand residents as of September of 2020.

Where Can I Find a Bitcoin ATM in New Zealand?

Unfortunately, there are no Bitcoin ATMs in New Zealand as of September 2020.



What is the price of Bitcoin in New Zealand?

The current price of Bitcoin in New Zealand is NZ$16,130.60, however this amount changes every minute, so always check the value on your local exchange.



How do I cash out of Bitcoin in New Zealand?

Any exchange with a New Zealand Dollar (NZD) trading pair will allow you to sell your Bitcoin for fiat currency. Independent Reserve has NZD trading pairs for many popular coins.

Local Bitcoins is another option. Here, you can buy and sell Bitcoin for a wide range of payment methods, from gift cards to bank transfers. Local Bitcoins is a peer-to-peer (P2P) exchange, where you buy and sell with another individual. This does introduce a degree of risk, though by ensuring that you conduct all business on the platform, make use of its escrow services, and only trade with users who have a good reputation, you'll minimize any potential problems.



You could also use a service like eGifter to sell your Bitcoin for gift cards.