how do i invest in bitcoin nz

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If you’re looking to buy cryptocurrency, you will need an online app called a “wallet” to hold your currency. Most cryptocurrency exchanges allow you to create an account, then transfer fiat currency (such as New Zealand Dollars) to buy cryptocurrencies such as Bitcoin or Ethereum.

 

How do I buy bitcoins in New Zealand?

Coinbase – Best Site to Buy Bitcoin in NZ for Beginners

You can make BTC purchases through the Coinbase app or by using ‘Coinbase Pro’ – the platform’s native exchange. If opting for the exchange, you’ll pay a taker fee of 0.60% or a maker fee of 0.40% when you open or close a position.

 

How do beginners invest in Bitcoins?

 

Is Bitcoin legal in NZ?

The country’s Inland Revenue (IRD) has allowed crypto assets to be treated as a form of property. There is a tax applicable on the buying and selling of cryptocurrencies. The IRD treats crypto assets like gold, as both are incapable of producing any income while holding them but likely acquired for sale purposes.

 

Can I invest in crypto in NZ?

Cryptocurrencies are legal in New Zealand, but they’re not legal tender, unlike the NZ Dollar. However, a handful of New Zealand businesses accept specific cryptocurrencies as a form of payment as this this list, published by Easy Crypto, details.

 

What banks let you buy Bitcoin?

 

What is the best Bitcoin wallet in NZ?

Swyftx (if you’re looking for a place to buy crypto and also store it on the platform)Exodus (easy to use software wallet)Ledger (popular hardware wallet)Trezor (popular hardware wallet)Blockchain.com (easy to use mobile wallet)

 

 

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