New Zealand is one of the most crypto-friendly countries in the world. This means there are many secure cryptocurrency exchanges that let you buy Bitcoin with New Zealand Dollars.
This guide will outline the safest and easiest way to buy, sell, stake and trade cryptocurrencies in New Zealand with a licensed trading platform. If you are looking to get started quickly, we recommend SwyftX NZ for the fastest NZD deposits and over 300 cryptos to buy & trade.
- Fast and Cheap NZD deposits via Bank Transfer.
- Over 300 cryptocurrencies to trade for 0.6% fees.
- Crypto Staking, Crypto Bundles and other digital asset features.
Table of Contents
Is it Legal to buy Crypto in New Zealand?
Buying Bitcoin or Crypto is legal in New Zealand, because the Inland Revenue Department (IRD) treats Bitcoin and cryptocurrencies as property for tax purposes. That means that the NZ Government and IRD treats buying Bitcoin and cryptocurrencies the same as buying a stock like Tesla or Facebook.
Best Crypto Trading Platforms in New Zealand
The three best exchanges to buy Bitcoin in New Zealand are SwyftX, Independent Reserve and Binance. This is based on the fact they all provide the best New Zealand Dollar (NZD) deposits from local banks with the lowest fees. All three exchanges are also secure, trusted and regulated by The Financial Markets Authority (FMA) in NZ.
The table below provides a high-level summary and comparison of each platform.
How to buy Crypto or Bitcoin in NZ
The best way to buy Bitcoin and cryptocurrencies in New Zealand is with the SwyftX NZ trading platform. They are a registered Financial Services Provider in NZ that offers over 300 cryptocurrencies to buy, sell and trade with NZD from your bank account. Their platform also lets you stake cryptos to earn up to 20% annual interest on your assets.
You can follow these 3 simple steps to get started:
- Step 1: Sign up to SwyftX NZ and verify your account.
- Step 2: Select 'Deposit Funds' and select the NZD deposit option out of Bank Transfer, Credit Card/Debit Card or POLi.
- Step 3: Once your account is funded, find the cryptocurrency you want to buy and input the NZD amount. Double check the amount and execute your trade.
Once you complete your trade, the cryptocurrency will be stored on your SwyftX NZ managed digital asset wallet. You can choose to keep it in secure storage with the exchange, or move it to a cold wallet like a Ledger or Trezor.
Can I buy Crypto on Sharesies or ASB?
No, traditional stock trading applications in New Zealand like Sharesies and ASB Share Investing do not offer cryptocurrency trading features. It is generally safest to buy Bitcoin from a specialist crypto exchange because they have experience in managing blockchain assets.
How to buy Bitcoin OTC in New Zealand
If you are a high-net individual, broker or family office looking to purchase large quantities of Bitcoin over $100,000 NZD, Buy Bitcoin Bank recommends that you check out a Bitcoin OTC desk in New Zealand.
Bitcoin OTC desks in New Zealand offer secure and personalised services that let you securely buy over $100,000 NZD worth of Bitcoin or crypto without having to worry about scaring the order book or falling victim to slippage.
Buy Bitcoin Bank recommends that high-net worth institutional investors use Independent Reserve as the premier OTC Desk in NZ.