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How to buy Crypto with BNZ Bank

How to buy Crypto with BNZ Bank

Karen Tren
Fact Checked
January 30, 2023

Summary: BNZ Bank does not offer Cryptocurrency-investing services directly through its online banking portal. Kiwi investors will need to deposit NZD from their BNZ account to a regulated digital asset exchange in order to invest in Cryptocurrencies like Bitcoin or Ethereum.

We recommend using the OKX exchange as it is the most secure Crypto trading platform in New Zealand and the only one that provides proof of reserves highlighting that user's funds are held 1:1.

Table of Contents

OKX - BNZ Bank

  • Free and instant New Zealand Dollar (NZD) deposits from BNZ Bank accounts and cards.
  • Trade & Stake over 300 Cryptocurrencies with low fees and tight spreads.
  • Feature-rich platform with Spot & Futures Trading, Staking, an NFT Marketplace & more.

Can I buy Crypto with BNZ Bank?

Unfortunately for investors in New Zealand, there is no way to buy Bitcoin or Cryptocurrency directly through your BNZ Bank account. This is because BNZ does not offer any native services for its customers to buy digital assets through its online platform, or through a bank branch.

With that said, BNZ Bank customers can buy Crypto with a licensed Cryptocurrency exchange in New Zealand by sending NZD through bank transfers or by credit/debit card deposits. As previously mentioned, the best platform is OKX, as it a high-security exchange that offers free NZD deposits to buy and sell over 300 tokens.

How to buy Bitcoin and Crypto with BNZ Bank

The best way for BNZ bank customers to buy Cryptocurrencies like Bitcoin is by going through OKX. BNZ customers can deposit New Zealand Dollars to OKX via a variety of payment methods such as Bank Transfer, Credit/Debit Cards, PayPal, Wise, Skrill, Zen, Apple Pay & more. Follow this simple guide to get started.

  1. Sign up to the OKX exchange and complete the onboarding process.
  2. Click the 'Buy Crypto' tab and pick a payment method to deposit funds from BNZ.
  3. Select 'NZD' as your fiat currency and pick a Cryptocurrency you want to buy.
  4. Input the amount you want to invest in that token and execute your trade.
How to buy Bitcoin and Crypto with BNZ Bank.
How to buy Bitcoin and Crypto with BNZ Bank.

BNZ Bank Cryptocurrency Policy

BNZ Bank in New Zealand does not have any banking policies that prohibit its customers from buying or selling Cryptocurrencies with their BNZ accounts or cards. That means you are free to buy, sell and trade digital assets from regulated and licensed Cryptocurrency exchanges like OKX.

About BNZ Bank

BNZ is a New Zealand bank that has been in operation since 1861. It is owned by the National Australia Bank (NAB) and has over 700,000 customers. BNZ offers a full range of banking products and services, including savings and investment products, home loans, personal loans, credit cards, and insurance.

BNZ is one of the four major banks in New Zealand, and is headquartered in Auckland. It has a network of over 100 branches and offices across the country. BNZ employs over 3,000 people, and has assets of over NZ$40 billion. BNZ is a member of the World Bank Group, and has received a number of awards and accolades in recent years, including being named the “Best Digital Bank in New Zealand” by Canstar Blue in 2019.

BNZ Bank Home Page.
BNZ Bank Home Page.

Final Thoughts

BNZ Bank does not currently offer direct services for Crypto investing. However, its customers can buy and sell digital assets from regulated exchanges in New Zealand by depositing funds from their BNZ account. We recommend using the OKX exchange as it is the most secure trading platform in NZ, to learn more about it visit our detailed OKX Review.

Karen Tren

Full-time writer and cryptocurrency newbie! Learning about NFTs, DeFi and GameFi with my research and writing for BuyBitcoinBank.

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