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How to buy bitcoin in New Zealand

New Zealand
Bitcoin

Bitcoin is a peer-to-peer payment system that uses the unit of the same name to record transactions. To ensure the functioning and protection of the system, cryptographic methods are used, but at the same time all information about transactions between system addresses is available in clear text. The minimum transmitted value (the smallest amount of fragmentation) was called "satoshi" - in honor of the creator Satoshi Nakamoto, although he himself used the word "cent" in such cases In our guide, we will tell you how to buy bitcoin in New Zealand.

Buy bitcoin using Itez: step-by-step instruction
1.

In order to buy bitcoin, it is not necessary to register on the Itez website. In a handy calculator, you can quickly calculate the cost of BTC based on the amount you plan to use for payment. The smallest purchase amount in dollar terms is 30 USD. By the way, the same applies to the euro - the starting purchase threshold starts at €30. Well, in our instructions, as promised, we will go through all the stages of purchase BTC for dollars step by step.

2.

After converting the currency to BTC, you will see the final result in the "You Get" field and on the "Buy" button. Click the button and enter your email address in the following window.

3.

Confirm your email with a 6-digit code sent to the previously indicated e-mail and click the "Verify" button.

4.

Specify the purchase amount in the Itez dialog box. Copy the recipient address - your bitcoin wallet - from the “Accept” section.

Important: you should not manually copy the bitcoin wallet address. The blockchain system does not give any information about bitcoin addresses problems, and if an error occurs during manual entry, all the buyer's funds may be lost.

For example, this is how the copy address button looks like in the Exodus wallet:

5.

After copying the bitcoin wallet address, paste it into the dialog box.

Check your data — it is important to make sure that the address is entered correctly.

6.

After pushing the “Card details” button, enter the required card information: card number and expiration date, the cardholder name and CVC-code — three numbers on the back of the card.

7.

Push the “Pay” button and enter the one-time bank code in the following window. As soon as the transaction receives 6 confirmations in the blockchain network, your bitcoin wallet balance will be top-up.

Important: the transaction will wait for confirmations for time. After six network confirmations, bitcoin will be on your e-wallet; when buying with Itez it will take for about 15 minutes. This is a very good speed for the Bitcoin network since transactions in the most popular blockchain network are somewhat slower than in other networks due to its properties and high load.

Banks

In New Zealand you have an opportunity to purchase Bitcoin (BTC) with any New Zealand bank card. ANZ Bank is the largest banking and financial services group, followed by ASB Bank, Bank of Baroda (New Zealand) and Bank of China (New Zealand).

Bank cards

New Zealanders like paying for stuff by card even if they just buy morning coffee or a newspaper. That's why, people use credit and debit cards very often. Hotels, restaurants and even small shops accept credit and debit cards most often. Payment systems include AmEx, MasterCard and Visa.

How to store bitcoin

Bitcoin has one very important feature - decentralization. Having a private key and a seed phrase, you will guarantee safety of your funds since other people have no access to your bitcoin. For a full list of wallets, see bitcoin.org