 Buying and selling is very easy, you just need to figure out what works best for you. Other then finding someone in person who wants to buy or sell with you, your options are to use a brokerage, an exchange or person to person trading. A Brokerage is exactly what it sounds like, a broker will buy and sell your cryptos on your behalf, for a fee (of course), but you don't have to figure out how an exchange works, or figure out how trading works, you simply pay your $$ and you get cryptos in exchange. However, the type of coin you can purchase is often restricted by what the broker is prepared to purchase on your behalf. An Exchange is the next level. You become the buyer, and must navigate the trading platform and the lingo for yourself. Its a bit tricker and there is a steep learning curve, but the fees are lower and you are in total control of what you want to purchase. The number of different coins you could potentially purchase is only restricted by the preference of the exchange you are using. Person-to-Person trading, similar to TradeMe, are sites that you can connect with sellers and buyers of cryptos. Here is a (not exhaustive) list of brokers and exchanges that allow New Zealanders to purchase cryptos with NZD. Most are located in New Zealand, but some are located overseas. At various times an exchange may restrict new registrations, or restrict bank deposits. Because these change regularly, the current status of each exchange is not recorded here. As more exchanges become available they will be added to this list. Exchanges
Bitcoin only. In order to make a purchase, NZD can be deposited to NZBCX via bank deposit to NZBCX NZ bank account. Withdrawals are similar. There is a 1% commission on all trades.
Bitcoin only. In order to make a purchase, NZD can be deposited to KiwiCoin via bank deposit to a KiwiCoin NZ bank account. Withdrawals are similar. There is a 0.4%-0.8% commission on all trades.
Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), LiteCoin (LTC) In order to make a purchase, NZD can be deposited to Dasset via bank deposit to a Dasset NZ bank account. Withdrawals are similar. There is a 0.15%-0.9% commission on all trades.
Bitcoin (XBT) - Note the different ticker symbol, Ethereum (ETH), BitcoinCash (BCH) In order to make a purchase, NZD can be deposited to Independent Reserve via a swift bank deposit. This type of deposit incurs additional charges, both from the bank sending the deposit, and from Independent reserve for charges to receive a swift deposit from New Zealand. Withdrawals are similar. Note: ANZ, Kiwibank and Westpac are unable to complete these transactions. There is a 0.5% commission on all trades.
Bitcoin (BTC), Ethereum (ETH), Augur (REP), 0x (ZRX), SingularityNET (AGI), SONM (SNM), AppCoins (APPC), Bancor (BNT), SolarCoin (SLR), Chronobank (TIME) In order to make a purchase, USD can be purchased on a credit or debit card. There is a 0.09% - 0.14% commission on all trades. Brokers
Bitcoin (BTC), Ethereum (ETH), Ethereum Classic (ETC), Litecoin (LTC) and Ripple (XRP). In order to make a purchase, NZD can be deposited to BitPrime via bank deposit to a BitPrime NZ bank account or via POLi. Withdrawals are similar. There is a 2-5% commission on all trades. Cryptopia lists well over 450 cryptos and continues to add more. In order to make a purchase, NZD can be deposited to Cryptopia via bank deposit to Cryptopias NZ bank account. There are no fees for deposits. Withdrawals are similar in reverse, but there is a $2 fee for NZD withdrawals.
Bitcoin only. In order to make a purchase, NZD is automatically deposited to MyBitcoinSaver via bank deposit to a MyBitcoinSaver NZ bank account. Withdrawals are similar. There is a 3.5% commission on all transactions.
Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Ripple (XRP), ZCash (ZEC) In order to make a purchase, NZD is deposited to the Token Room via Payment Express bank to bank transfers from a New Zealand bank account to a Token Room NZ bank account. Withdrawals are similar. Fees are included in the advertised rate for each crypto. Person to Person Trading
Bitcoin only. Buyers and sellers make payment arrangement among themselves. Buying and selling attracts no fee, although advertising on the site attracts a 1% success fee for users who place a listing.
Ethereum. Buyers and sellers make payment arrangement among themselves. Buying and selling attracts no fee, although advertising on the site attracts a 0.25% fee for the person who placed the listing and 0.75% for the person responding to the offer. Next Steps... Continue your journey by checking out these articles next:
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