The Best New Zealand Digital Currency Exchange
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This guide is super simple and provides bitcoin nz dollar you will need to get started in buying, holding and selling crypto currencies in New Zealand. Feel free to drop a comment or a pm to me if you need help or have any questions. The guide is in three key parts 1. How to change NZD to Bitcoin. How to change bitcoin into Alternative coins.
Download Google Authenticator on your phone it will be used to enable 2 Factor Authentication, across all the crypto exchanges used in this guide and I highly recommend using it as 2FA Short for 2 Factor authentication will go a long way in protecting your money. This step is about converting NZD to Bitcoin which will then be used to buy all the Alternative Coins and tokens you wish to buy.
You will have to bitcoin nz dollar the email confirmation and verification bitcoin nz dollar being able to transfer money into Cryptopia. Repeat the above steps to get back to this screen once verification has been completed to deposit money.
For someone starting off this may look scary and confusing but click where it says NZDT almost in the center of the screen. When you scroll down a little you will see this.
This is a limit order book and it shows you what the price people are selling bitcoin for in NZD and on the right bitcoin nz dollar prices people are buying NZD for using Bitcoin. Fill out this box. Base it on the prices you see people selling at below so for example if you were happy with the price this person was selling for you would make a buy order which would be something like this.
Take a screen shot of the QR code and the code it shows you and print it out and stack it in a pile which you should protect like gold. Bank Safety Deposit Box etc This is because if you lose bitcoin nz dollar phone you are using or you have to restore it you will not have access to your account without 2FA.
With the code, you can enable 2FA from another device and get access in an emergency. Protect this code like cash or gold or whatever things are precious to you.
After setting up 2FA you will have to enter the code Google Authenticator shows you to access things and this code expires every few seconds. You are done for the first part of this guide which is buying Bitcoin using option 1.
IO and register for an account. You will have to do the email confirmation and verification before being able to transfer money into CEX. On the documents section, when uploading a bank statement, change bitcoin nz dollar format of the bank statement to JPEG rather than pdf you can do this by taking a screen shot as the CEX platform throws an error with pdfs bitcoin nz dollar though it says they support it. Follow the instructions to get the card verified, once its verified you can transfer using the above screen.
The deposit and Withdraw will be used later to send Bitcoin to an exchange where you can buy Alternative currencies from.
Head to My Bitcoin Saver however they are currently putting operations on hold as they have had bank accounts shut down. A guide to this third option will be bitcoin nz dollar once they are back bitcoin nz dollar operation. Click on the Login in the top right. Now that you are verified you can use Bittrex to purchase any alternative coins bitcoin nz dollar want to buy. Use the same process used in Part 1. Look at Jaxx, Bread and Neon for Neo. Feel free to reach out and I can do instructions on how to set this up.
Private key is given to you if you use a hardware wallet and it is only provided once. Treat this like you would a 2FA QR code print it and store it in a safety deposit box. But depending on which wallet it is you may need it for login such as NEON.
This is because exchanges can get hacked and are a target bitcoin nz dollar hackers. As a general rule just be careful with safety as it is your money treat it like you would cash or cold or diamonds and protect it accordingly. Feel free to reach out to bitcoin nz dollar if you have any questions, I hope this guide has been useful to you. Pros of using this option: Low transaction costs of purchase. Can transfer directly from NZ bank to purchase. Cons of using this option: Pretty bad user experience.
Spread Difference bitcoin nz dollar buy and sell bitcoin can be quite big.
