How To Sell Bitcoin in New Zealand?
So, you want to sell some bitcoin in New Zealand? You have been holding Bitcoin for a while and you want to cash in some or all of your profits? You have come to the right place to sell bitcoin! BitPrime buys bitcoin and other currencies both locally and internationally, and we aim to form long-term relationships with all of our customers. We can guarantee certain prices and volumes, pegged to a reference index. If you would like to get a quote for a particular volume of BTC please contact us directly via email or live chat.
Here are the steps to follow if you want to sell Bitcoin in New Zealand:
1. Verify your identity
If you have already verified with us previously you can skip this step, if not, please read this first step carefully.
As a professional financial services provider, we take security and fraud prevention very seriously. All new customers need to verify their ID before we can process any orders for you. This includes both the buying and selling of cryptocurrencies. This is to meet our obligations under the Anti-Money Laundering and Countering Financing of Terrorism Act 2009. Much the same as a consumer bank, we are required to hold personal information about our customers.
To get started with this process you can apply to verify with BitPrime here.
2. Send us your sell quote
We want to make it easy for you to sell your bitcoin for NZD. Simply fill out our sell order form with the amount and type of cryptocurrency you wish to sell, along with your personal details. We process these requests periodically throughout the day and will email you a formal quote with instructions included. You can then choose whether to accept this quote or not.
3. Send us your bitcoin
Once you have accepted, you will need to transfer your coins to the wallet address that we provide you. If this is your first time please get in touch if you get stuck anywhere.
Once you have sent the coins, please email us the transaction ID/hash. Copy and paste this so as to avoid any errors and to allow us to confirm the transaction on the blockchain. The transaction ID is generally a long string of letters and numbers. If you are uncertain where to find this ID, make sure you let us know so we can help you.
Please remember, you will need to account for any transaction fees and gas fees applicable to your wallet when sending your coins.
4. Receive Your Money
When we have confirmed the coins are in our wallet we will send you your NZD. We aim to process all orders fully within 24 business hours of receiving the coins.
Article last updated: 26/08/18