How to Buy Crypto in New Zealand

Swyftx is an Australian cryptocurrency exchange network based in Australia but operating in multiple countries. This platform offers its users a highly user-friendly and intuitive interface.

When using this platform, you can pay for assets using bank transfer, credit cards, cryptocurrencies, debit cards, payID, and OSko. Swyftx supports over 257 cryptocurrencies and only one fiat money, i.e. AUD.

When it comes to trading fees, this platform charges as low as 0.6% as trading fees. For deposits or withdrawals of AUD worth less than $200, the platform charges $2, while for crypto assets, only the standard crypto changes apply. Accordingly, the minimum order size as of the time of writing is $25.

Generally, the platform works to offer super fast settlements. For instance, it only takes about 5 minutes to record withdrawals on the blockchain. However, in some cases, settlements may take up to 1 day to complete.

Another strong exchange network whose services are available in New Zealand is eToro. This platform has built itself a great name in the investment business in financial markets both in fiat money and crypto.

Etoro accepts many payment methods, including PayPal, Visa, MasterCard, Skrill, Neteller, and more. According to their web page, when you purchase crypto assets on the platform, you own the assets immediately.

The platform only asks for trading fees in the form of spreads which differ depending on the asset you trade. For instance, the trading fee for BTC is 0.75% and 1.9% for ETH.

Currently, eToro supports the purchase of multiple crypto assets, including Ethereum, Bitcoin, Tron, XRP, BCH, ADA, EOS, NEO etc. Accordingly, the minimum trade size of crypto in eToro stands at $25 currently.

eToro can take up to 5 business days to complete any transfer requests when it comes to settlement, and a minimum deposit of $500 USD is required to begin trading.

Independent Reserve is an Australian-based crypto exchange platform boasting a 24/7 service provision. According to their website, the platform was voted the number 1 crypto exchange in Australia.

The general deposit payment modes include EFT, SWIFT payment, PayID, OSKO, and the deposit currencies include USD, AUD, NZD, SGD. Trading fees adjust based on the monthly trading volume, with the minimum trading fee standing at 0.02% for trades worth 20 million AUD and above. However, deposits from Australian banks are free on this platform thus proving an even cheaper solution to Australian bank account holders.

Depending on the choice of asset and method of payment, the settlements could take from 10 minutes up to three days. There are no minimum deposits, but withdrawals depend on the asset, i.e., 0.001 BTC, 0.01 ETH, 0.001BCH, 0.01 LTC, 22 XRP and $50 minimum for fiat.

Accessing Bitcoin on Independent Reserve is relatively easy due to the easy access and the user interface. However, this platform is not a great option for first-time investors.

Coinmama is a world-class crypto exchange platform providing services to about 2.7 million people all over the world. This platform was launched in 2013 and since then has proven highly reliable to crypto users.

Currently, the platform supports multiple payment modes, including credit cards, debit cards, bank transfers, Apple Ray, Swift, and Sepa. All these options are given for the user’s convenience.

Coinmama provides services at a fast rate compared to other exchange platforms, sending your coins in 1 hour.

Accordingly, Coinmama supports a few major cryptocurrencies, including BTC, ETH, BCH, ETC, ADA, XTZ, and LTC.

When purchasing, the fee charged depends on your loyalty level and mode of payment. And sell rates are calculated on the XBT index average. Minimums in Coinmama are a bit high, with the lowest being 100 USD for deposits and 200 USD for withdrawals.

Kraken also fits as one of the best crypto exchange platforms in the crypto sphere today, and fortunately, its services are available in New Zealand.

It offers trading options at favourable fees, with investors being charged 0.9% for Stablecoins and 1.5% for crypto instant buy. However, there are other options like spot trading, where the fees are relatively low. These fees also differ depending on the payment method.

There are multiple payment methods accepted, including SWIFT payment, Sepa, wire transfer, bank transfer, etc. The processing time depends on the choice of payment mode and may take up to 5 days for deposit.

For trading, the minimum order size accepted in Kraken is different for every asset and includes 0.005 for ETH, 0.0002 for XBT, 5EUR, 10 USD, 5 GBP, 10 AUD etc.

The platform currently supports over 50 crypto assets and is working to include others soon.

LocalBitcoins is a Helsinki-based P2P bitcoin exchange platform that operates in many countries, including New Zealand. Local bitcoin offers a peer-to-peer bitcoin network eradicating the need for middlemen.

According to their website, this platform does not charge transaction fees to buyers. Instead, it imposes a 1% transaction charge for sellers advertising on the platform.

Accordingly, the platform sets its minimums to 0.4BTC for sell adverts, but the sellers can set their adjustable minimums. This platform’s simplicity makes it the best for bitcoin’s first-time buyers.

Due to the recent surge of bitcoin prices, many investors are buying bitcoin adding it to their investment portfolios. Therefore, LocalBitcoin is an excellent tool to use since it only supports bitcoin purchases and sales. Credits and Debit cards, bank transfers, and mobile money payments.

Since transactions are peer to peer, settlement is done nearly instantly after the seller receives their amount, the buyer receives the assets. LocalBitcoin by itself provides an escrow service to ensure the users remain safe.

Paybis, launched in the UK, in 2014 stands out as one of the best crypto exchanges today. It offers crypto to fiat trading options for around nine major cryptocurrencies like BTC, ETH, LTC, XRP, USDT, BCH, XLM, TRX, BNB.

There are vast options for payment, including debit/credit cards, Skrill, Neteller, bank transfer, BTC. The platform has minimum order sizes of $60 for debit and credit cards, $50 Skrill, $50 for Neteller, $200 for Bank transfers, $50 for BTC purchase.

Transaction settlement takes an average of 1-5 days, all depending on the value, payment, and asset choice. The fee charged for credit card transactions is 2.49%, but the fee changes depending on the amounts spent and the choice of payment.

Kiwi coin is a New Zealand bitcoin exchange platform founded around seven years ago. Generally, this platform focuses on exchanging Bitcoin only and offers user-friendly attributes for the investor.

Using POLi or ANZ bank transfers, you can pay for the BTC you purchase in New Zealand’s currency NZD. The fee charged for withdrawals is a standard NZD 10 and zero for deposits of the NZD currency. When it comes to XT withdrawal, the most standard withdrawal fee is 0.00001 XBT and zero deposit fee.

The minimum order in the platform is capped at NZD 10k per day or 50k per month.

Before settlement, your account details have to be verified by KYC policies. Afterwards, the settlement could take a day.

BitPrime is a full-service cryptocurrency retailer offering personalised services for users. It boasts a highly user-friendly user interface to the investor’s advantage. Accordingly, it has over 150 crypto assets available thus can help users create a vast portfolio.

This platform has multiple payment options, including Retail internet banking, credit card, Account2Account, and POLi.

The fee charged is based on the choice of payment option and the amount transacted. For instance, there is a 2.9% charge for retail internet banking for orders ranging from $100-$20k and 2.0% for amounts more than that. If you choose credit card payments, 5% is charged for all transactions above $100. The minimum order size is $100.

For persons using POLi and Account2Account as payment tools, their settlement will take between 5 and 15 minutes. However, depending on the processing, either manual or autonomous the settlement may take longer in Account2Account.

Easy crypto is another top crypto exchange platform designed to provide top services for several countries, including New Zealand. The platform offers services 24/7, guaranteeing users a transaction completion of 2 minutes.

This network provides over 109 coins, with top currencies like Bitcoin, ETH, and XRP being among the commonly used ones. For all these coins, Easy Crypto charges between a 0.5-2.5% transaction fee, which is included in the order price.

Additionally, Easy Crypto provides various payment methods, including POLi Pay, bank transfers, and Account2Account. The minimum order in the network is set at 40 NZD, applicable to buy and sell orders. It’s easy to access bitcoin on EasyCrypto and enjoy the vast benefits of the coin.

Binance is probably the best crypto exchange today, followed closely by Coinbase providing top exchange services to people globally. This platform currently has over 150 crypto coins supported, including the top assets like BTC, ETH, BNB, XRP, and LTC.

As far as payment options are concerned, Binance provides many options, like bank deposits, credit/debit cards, phone number-based payments, and many more. The payment options change depending on the jurisdiction, but the best for Zealanders is credit and debit cards and bank deposits.

The platform offers good services and a 0.1% fee for every transaction. In Binance, the minimum transaction orders depend on the asset and market involved, i.e., 0.0001 for BTC, 0.005 ETH, 0.05 BNB.

After requesting a transaction, it takes almost 1 hour to receive a Transaction ID and even longer for a complete settlement to be done.

Launched in 2014, Bittrex Global is a crypto exchange platform offering vast crypto services with a user-friendly interface. The platform provides the best price in the crypto trading space, with a minimum fee of 0.25% for both deposits and withdrawals.

The minimum trade size in the platform stands at 100k Satoshis, an equivalent of 0.001 BTC. The platform has the widest selection of coins supporting over 250 digital currencies, including BTC and ETH, and aims to foster super fast settlement of transactions.

The minimum trade size in the platform stands at 100k Satoshis, an equivalent of 0.001 BTC. The platform has the widest selection of coins supporting over 250 digital currencies, including BTC and ETH, and aims to foster super fast settlement of transactions.