Bitcoin (BTC) is a peer-to-peer, open-source digital currency – the first of its kind in the world. Created by Satoshi Nakamoto in 2009, Bitcoin is unlike fiat currency such as NZD or USD which are controlled by central banks. Instead, it permits transactions between independent parties without the need for a central authority to facilitate them. The decentralised verification process of Bitcoin allows for individuals or businesses to transfer money between each other which is faster and more cost-efficient than regular bank transactions.
Bitcoin is created through a process called mining where users who validate transactions on the network are rewarded by receiving Bitcoin themselves. By validating these transactions they bring security and transparency to the network.
To Buy Bitcoin in New Zealand, create a free trading account with Swyftx and verify your identity instantly with our quick and document free account verification. Once this step is done, you can deposit New Zealand Dollars to buy BTC instantly.
The Bitcoin protocol is built on a blockchain. Blockchain is the underlying technology of Bitcoin and other digital assets. Blockchain is a distributed database or ledger. This means that data contained on the blockchain is distributed across many different servers or computers all around the world, therefore making it decentralised. All transactions that are made with Bitcoin are sent to the decentralised network and then ‘mined’ into the Blockchain. Owners of Bitcoins have digital keys which can be unlocked to access and transact the funds within them.
Buying Bitcoin is a lot simpler than you may think, even for beginners. The easiest way to buy Bitcoin is through a Bitcoin exchange like Swyftx. Firstly, create an account using your name, email and contact number. Then you’ll be required to verify your account. This is done completely online and you won’t need to submit any documents. Most people complete the verification stage in under 2 minutes. The next step before buying Bitcoin in NZ is to deposit funds into your account. Swyftx supports various payment methods including bank account transfer, PayID, POLi, or credit/card. Once the funds have successfully landed in your account, you can instantly buy Bitcoin and other listed digital currencies.
To buy Bitcoin in New Zealand, you will need to create a trading account with a crypto exchange platform that supports Bitcoin, such as Swyftx. When buying Bitcoin in New Zealand, it is important to take note of hidden trading fees and artificial spreads often charged by other cryptocurrency exchanges.
We are transparent and upfront about fees and spreads. Swyftx has access to a network of global liquidity partners and banking partners, meaning we can offer low fees and minimal spreads to those looking to buy Bitcoin. In addition to this, Swyftx is a feature-rich platform that allows you to automate your trading, set recurring orders and set buy and sell limit orders.
Our platform features a fully functional demo mode that allows you to learn the markets and practice trading without any financial risk. If you have any questions or concerns, our dedicated customer support team is on deck to assist. You can get in touch via our online live chat. We aim to deliver our customers a helpful response in under 10 minutes.
The price of Bitcoin listed on the Swyftx exchange is determined by real trading volumes from around the world. When you buy or sell Bitcoin, the price is set depending on the buy or sell price of the most recent trade.
Swyftx supports deposits made by both credit and debit card. Once you have successfully deposited NZD into your account using your credit/debit card, then you can use this to buy BTC and other cryptocurrencies. If you would prefer an alternative payment method, Swyftx also supports deposits made via such as bank transfer, POLi and PayID.
All units of Bitcoin and other cryptocurrencies are stored in digital wallets. A digital wallet is a software that is required to send, receive and store digital assets. When you sign up to Swyftx, a wallet will already be integrated into your account. When you buy Bitcoin, it will automatically be stored in your Swyftx wallet. Alternatively, you can send your BTC to an external wallet like a mobile wallet or a hardware wallet.
Yes, Bitcoin is divisible to 0.00000001, so it is possible to buy a fraction of a BTC. Swyftx allows you to buy as little as $1 of Bitcoin.
The Swyftx exchange platform allows you to buy and sell Bitcoin and other cryptocurrencies. You may have noticed that the buy and sell prices are different on the assets pages of our website. The selling price of Bitcoin will depend on the agreed selling price in the last trade that occurred on the Swyftx platform. To sell Bitcoin, navigate to the sell tab in your account, select how much Bitcoin you wish to sell and confirm your order.
Swyftx New Zealand has low spreads and low trading fees allowing you to save on costs and maximise your profits.
Verify your account instantly with our quick and easy document free verification process and buy BTC in minutes.
We prioritise security by offering features such as two-factor authentication (2FA) and breached password detection.
Learn to trade and gain experience with Swyftx risk free by enabling the demo mode. We even simulate real life liquidity and market depth.Create a free account
Deposit and Withdraw AUD via PayID, OSKO, Bank Transfer & POLi
Automate your crypto investments. Setup recurring deposits to your Swyftx account and have then automatically split across your own range of cryptos.
Never miss a trade or get caught out by the crypto market volatility. Set Buys and Sells to trigger at any price you want.
Easily secure your account with multi-factor authentication and biometric login. Swyftx also monitors other sites for data breaches that might result in compromises on your account.