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
  • SwyftX
    • Crypto exchange for New Zealand
    • Supports credit card buying
    • Easy to use interface
  • eToro
    • Supports Bitcoin, Ethereum & 15 other coins
    • Start trading fast; high limits
    • Clean & easy trading interface

    This ad promotes virtual cryptocurrency investing within the EU (by eToro Europe Ltd. and eToro UK Ltd.) & USA (by eToro USA LLC); which is highly volatile, unregulated in most EU countries, no EU protections & not supervised by the EU regulatory framework. Investments are subject to market risk, including the loss of principal.

  • Independent Reserve
    • Low fees, NZD deposits, DCA
    • EFT, POLi, Osko & SWIFT
    • Top cryptos, tax reports, local support & OTC desk

SwyftxSwyftx Buy Bitcoin

Swyftx, established in 2017 and targeted at New Zealand users, aims to make crypto buying super simple for beginners with an easy to understand user interface, great guides, fast chat support, and an app for every device.

They support deposits with credit card.

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

Pros
  • fast chat and phone support
  • 230 trading pairs
  • multiple payment methods
  • Supports automatic recurring purchases
  • Instant verification
Cons
  • ID verification required when depositing NZD
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Ease of Use
Easy
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Privacy
Low
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Speed
Average
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Fees
Low
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Reputation
Trusted
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Limits
High
Buy Bitcoin

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.

This ad promotes virtual cryptocurrency investing within the EU (by eToro Europe Ltd. and eToro UK Ltd.) & USA (by eToro USA LLC); which is highly volatile, unregulated in most EU countries, no EU protections & not supervised by the EU regulatory framework. Investments are subject to market risk, including the loss of principal.

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
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Ease of Use
Easy
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Privacy
Low
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Speed
Average
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Fees
Low
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Reputation
Trusted
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Limits
High
Buy Bitcoin Read Review

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
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Ease of Use
Average
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Privacy
Low
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Speed
Average
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Fees
Low
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Reputation
Trusted
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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
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Ease of Use
Easy
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Privacy
Low
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Speed
Fast
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Fees
Average
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Reputation
Trusted
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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. Users can buy bitcoin, ethereum, dogecoin and dozens of other coins.

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
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Ease of Use
Hard
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Privacy
Low
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Speed
Average
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Fees
Low
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Reputation
Trusted
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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
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Ease of Use
Hard
privacy icon
Privacy
High
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Speed
Fast
fees icon
Fees
Low
reputation icon
Reputation
Trusted
limits icon
Limits
Average
Buy Bitcoin Read Review

PaybisPaybis Buy Bitcoin

Paybis is a popular & cryptocurrency exchange. They serve 180 countries and 48 US states and are registered with FinCEN, making them a more trusted, regulated exchange. Paybis offers incredibly high limits and super fast payouts, not to mention 5 minute ID verification and nearly perfect review scores on Trustpilot.

Pros
  • 24/7 live support
  • Extremily high limits
  • 5 Minute verification
  • Get payouts fast
  • Large selection of payment methods
Cons
  • No traditional orderbook for advanced traders
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Ease of Use
Easy
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Privacy
Low
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Speed
Average
fees icon
Fees
Low
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Reputation
Trusted
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Limits
High
Buy Bitcoin

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
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Ease of Use
Average
privacy icon
Privacy
Low
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Speed
Average
fees icon
Fees
Low
reputation icon
Reputation
Trusted
limits icon
Limits
High
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

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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 folded

Ledger Nano X

  • SCREEN:
  • RELEASED: 2019
  • PRICE: $119
ledger nano s illustration

Ledger Nano S

  • SCREEN:
  • RELEASED: 2016
  • PRICE: $59
trezor model T

TREZOR T

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

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.


bitcoin atm map

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
    • Clean & easy trading interface

    This ad promotes virtual cryptocurrency investing within the EU (by eToro Europe Ltd. and eToro UK Ltd.) & USA (by eToro USA LLC); which is highly volatile, unregulated in most EU countries, no EU protections & not supervised by the EU regulatory framework. Investments are subject to market risk, including the loss of principal.

  • 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

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 logo

Zengo

Best for storing crypto for short period of time

Learn More

ZenGo is an easy-to-use iOS and Android Bitcoin & crypto wallet. Start within 20 seconds.

Best for Desktop

electrum logo

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.


bitcoin atm map

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.


bitcoin price ticker

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.


localbitcoins offers

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