HOW TO BUY IN NEW ZEALAND

Exchanges

CryptoKiwi Recommendation

🏆 Easy Crypto

Easy Crypto is a full-service cryptocurrency retailer which means that you buy and sell cryptocurrencies directly from and to Easy Crypto. Because of this, their fees, which range from 0.5% – 1.8%, are included in the advertised price. Easy Crypto is also New Zealand’s first crypto broker to have a 100% funds safety guarantee. This ensures the safety of your funds as long as they are with Easy Crypto.

Open since: 2017

There are currently 84 cryptocurrencies available to buy and 72 available to sell through Easy Crypto.

All fees are included in the quoted rates and range from 0.5% – 1.8%.

BitPrime

BitPrime is a full-service cryptocurrency retailer which means that you buy and sell cryptocurrencies directly from and to BitPrime. For orders up to $50,000, fees range from 2.0% – 2.9% and are included in the advertised price. BitPrime also enables users to invest in Crossgate Capital, a diversified investment portfolio.

Open since: 2017

There are currently 70 cryptocurrencies available

All fees are included in the quoted rates and range from 2.0% – 2.9% for trades up to $50,000.

Kiwi-Coin

Kiwi-Coin is an exchange, allowing users to trade Bitcoin in the same way you would trade shares in the share market. Kiwi-Coin allows for instant verification through RealMe and features a public chat, even for non-registered users.

Open since: 2014

  • Bitcoin

Fees range from 0.4% – 0.8%.

Independent Reserve

Independent Reserve is a well-established cryptocurrency exchange in Australia that can be used from New Zealand. Being an overseas exchange, the process is slightly more complicated than with local exchanges; however, the trading volume is much higher.

Open since: 2013

  • Bitcoin and 15 other currencies

Trading Fee

0.5%

Other Fees

International money transfer fee (varies by bank, usually $15)

LocalBitcoins

LocalBitcoins is similar to TradeMe, in that it just connects buyers and sellers and trades are made directly between the buyer and seller. To secure these private trades, LocalBitcoins will freeze the seller’s Bitcoins to ensure that the buyer receives them after payment.

Open since: 2012

  • Bitcoin

There are no trading fees.

While this page will compare the fees of all the major exchanges in NZ, it is not an indicator of the lowest price to buy. For example, while Local Bitcoins has the lowest fees the price to buy may be significantly higher thus you would end up paying more. Always compare the prices before buying Bitcoin from any one exchange.

Next Step

Once you have purchased cryptocurrencies, it is now time to consider how you are going to safely store them. The different methods to consider are outlined on our basics page. We highly recommend storing your cryptocurrencies in a hardware wallet. You can learn more about the options here.