China vs Cryptocurrency: A Review of Chainalysis' Report on China’s Cryptocurrency Activity Amidst Government Crackdowns Here's the one we were all waiting for; the Chinese...
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How Do Cryptocurrency Regulations Differ Across the Globe? The recent Infrastructure Bill in the US got American crypto investors and service providers worried, and it...
Our hope is for New Zealand to develop a productive, safe, respected market leadership in what is quintessentially a decentralised global industry. We hope to...
New Zealand owned cryptocurrency retailer announced its support to Parliament's inquiry and offered to engage its experts on the matter New Zealand, Christchurch - 16...
Is GST Tax going to catch up with Crypto in New Zealand? Since cryptocurrencies began to gain popularity around the world, different entities and regulators...
Cryptocurrency Regulation Around the World The cryptocurrency market is still growing vastly, with investors and companies both being attracted to it. As a result, governments...
Regulation: Good or Bad for the Crypto Industry The cryptocurrency industry regulation debate has been the elephant in the room in the recent past. While...
The Current State of The Blockchain Industry and Future Crypto Trends Since the launch of the first cryptocurrency more than ten years ago, the industry...
How Are Regulators Fighting the use of Cryptocurrencies in Money Laundering at Casinos? Online gambling is fast becoming one of the significant online activities in...
Inland Revenue Lays Out Ruling on How to Pay Staff in Cryptocurrency Originally aired on TVNZ's 1 News, Saturday 17th August 2019. For the...
Need to know
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Storing your coins with Wallets
A wallet is essentially a bank account for your cryptocurrency and the wallet address is like your account number. The sender of the cryptocurrency needs a wallet address so they have somewhere they can send it from their wallet, much like a bank transfer. This wallet is giving you access to the blockchain where you can view your balance, send and receive cryptocurrency.
For information please read our beginners guide to cryptocurrency wallets.
Pay with POLI. Its fast!
POLI is secure and fast. It links directly to your internet banking – login with your normal details and the rest is easy. No extra fees or surcharges. Watch this short video to see how it works.
About Bitcoin
Bitcoin (BTC) is a form of digital currency in which encryption techniques are used to regulate the generation of units of currency and verify the transfer of funds. Transactions are stored on a distributed, immutable, online, public ledger known as a blockchain. Bitcoin was the first truly decentralised cryptocurrency which was created by a programmer under the pseudonym Satoshi Nakamoto and was released in 2009. The system is peer-to-peer, verified by network nodes and recorded in a public distributed ledger called the blockchain. Bitcoin can be exchanged for other currencies, products, and services with over 100,000 merchants and vendors accepting bitcoin as payment. Bitcoin can also be held as an investment. There are only a fixed number of Bitcoin will ever be mined (21 million), it’s not controlled by any one government or central bank, and there’s no such thing as quantitative easing or fractional reserve banking. These qualities make Bitcoin excellent as a store of value and a long-term safe-haven asset, similar to gold.
A Bitcoin success story that went viral on social media is Kristoffer Koch from Norway. Koch invested around $27 in Bitcoin in 2009 and then forgot about it for four years. He remembered about his Bitcoin wallet in 2013, which had then grown in value to $886,000.
Buy Bitcoin
Due to the price of sending and sourcing BTC the minimum order is $500.00.
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