So, you're new to Bitcoin and want to find out what the easiest way to buy Bitcoin in New Zealand is? Well, you've come to the right place! BitPrime is New Zealand's premier cryptocurrency retailer that can supply you with Bitcoin, as well as over 60 different cryptocurrencies. We also provide FREE advice on secure ways to store Bitcoin and are happy to help with any technical questions that you have.
Buy Bitcoin in New Zealand
If you've made it this far, then you probably have a rough idea of what Bitcoin is. There's plenty of information on our FAQ page and blog pages if you're still trying to figure Bitcoin out. Assuming that you've now done your homework and want to get the ball rolling, here is a simple "how to" guide written for the New Zealand market.
1. Verify Your ID
2. Setup your Wallet
The next thing to organise is a wallet to store your Bitcoin and other cryptocurrencies. The best wallet for your needs will depend on which currencies you want to use, what device you want to use, and if you're prepared to pay for a wallet or not. If you want a free software wallet for Bitcoin, we recommend using a multicurrency wallet like Exodus or Jaxx. For more advice on choosing the right wallet for your needs, see this post: The Top 10 Bitcoin Wallets 2018.
Another option is to purchase a hardware wallet. A hardware wallet is a physical USB device which stores your private keys and authorises transactions. It works in the same way as a software wallet but has an additional layer of security, and is easy to use once setup. Ledger Nano S supports a broad range of cryptocurrencies, eliminating the need for multiple wallets.
3. Buy Bitcoin in New Zealand
- You'll need to wait until you've been notified that you've been verified before placing an order.
- To buy Bitcoin, log into the site and selecting the amount of Bitcoin that you want to buy. You can enter the amount in either New Zealand Dollars (NZD) or a specific amount denominated in Bitcoin (BTC).
- You will need to include your wallet address in the Order screen. A Bitcoin wallet address is labelled "Current Address" inside your wallet. It is either 33 or 34 characters long, begins with a 1 or a 3, and looks something like this: 1CFzx2rqCDhYekKf1LKmPeYBMKv3zp1p48. It is important that you copy & paste the address; never type it manually! Cryptocurrency transactions are irreversible, so it's essential to get the address right!!
- Then, click the "Order" button and follow the instructions on the next screen.
Example of finding your BTC wallet address in Jaxx
- After submitting your order you can pay via POLi. Alternatively, our bank details and the reference number for your order will be displayed on-screen. Please make sure you read it thoroughly and that you only use the reference details provided. With a bank transfer, please make sure you press the button confirming you have paid your order.
**Top tip: Payment by POLi is the fastest option as we receive instant confirmation of funds, and can usually process orders within the hour. With a bank deposit, we need to wait for the bank processing times (currently the next business day with our bank).
- Once we have confirmed receipt of your money in our account, your coins will be sent to your wallet!
- Done! You are now the proud hodler of BTC.
Don't be a Stranger!
We're here to help in any way that we can. If you can't find the answer to your question in our FAQ page and blog page, then please, do get in touch. We provide email and live chat support to all of our current and potential customers FREE of charge. We're based here in Christchurch, New Zealand, and we know how to look after our customers. We can answer just about anything, provided it doesn't constitute investment advice. For instance, we can't answer "Should I buy Bitcoin?" or "How much should I invest?". However, we can answer "What are the characteristics of Bitcoin?" or "What is a blockchain?". We're open from 9am-10pm, seven days, so it's easy to get hold of one of our knowledgeable team members.
Have you ever been curious about how the "1%" buy Bitcoin? Check out our post on BTC Whales and OTC trading.
Need more help deciding what cryptocurrency to buy?
Last updated: 02/12/2018