How to Buy Cryptocurrency in New Zealand

Buying cryptocurrency in New Zealand

Buying cryptocurrency in New Zealand According to the Financial Markets Authority (FMA), New Zealand�s financial markets regulator, cryptocurrencies aren�t considered legal tender. Furthermore, the authority warns of high possibilities of certain risks associated with cryptocurrencies and cryptocurrency trading, such as their volatile nature, their legal status in New Zealand and the fact that these cryptocurrencies, crypto-exchanges and those who use them often find themselves the targets of scams, hacks and fraud. The Reserve Bank of New Zealand (RBNZ), New Zealand�s central bank, doesn�t regulate digital currencies directly. Nevertheless, as the country�s central bank, it is responsible for keeping and encouraging the preservation of an efficient and sound financial system in the country. Mining is an interesting topic, because it isn�t directly regulated in the country. Nevertheless, there are certain listed offences in New Zealand�s law, which involve computer system access for dishonest purposes. Therefore, mining could be treated as an offence under New Zealand�s law.
As of 20/03/2021

Exchanges Info

These exchanges all accept customers from New Zealand. While they broadly offer the same services and you can buy cryptocurrency at all of them, there can be differences in transaction fees, security, verification requirements, deposit methods and features, as shown below

Open a Bybit Account

Bybit

Based in Singapore and registered in the British Virgin Islands, Bybit is a P2P cryptocurrency exchange offering perpetual futures products with 100:1 leverage. Bybit can process 100k transaction per second which is a great feature for leveraged trading.

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