Ethereum is a decentralised, open-source blockchain network that has its digital currency called Ether or ETH. ETH is the second-largest cryptocurrency in the world by market cap. However, unlike Bitcoin, Ethereum’s intention is to be more than just a store of value or medium of exchange. Instead, Ethereum is an open-source, decentralised computing platform that can be used by developers to create and run decentralised applications (dApps) and smart contracts.
Ethereum was first launched on the blockchain in 2015 and since then it has pioneered the concept of a decentralised smart contract platform. Ethereum has stated that its goal is to become a global platform for decentralised applications.
Ether (ETH) fuels the Ethereum blockchain network and is mostly used as a method of payment for transaction fees, commonly referred to as gas fees.
You can buy Ethereum (ETH) on the Swyfxt crypto exchange. With global liquidity providers, Swyftx boasts small spreads and low trading fees.
To buy Ethereum in New Zealand, you will need to sign up for a free trading account with a registered New Zealand Ethereum Exchange platform such as Swyftx. To sign up you’ll need to provide a few details like your name, email address, phone number as well as setting a unique password. The next step is to verify your account. To verify your identity you will need to confirm your details and scan your ID (i.e. drivers license, passport etc). Most customers complete the verification step in 2 minutes or less.
Once completed, your identity will be instantly verified and you are free to deposit NZD using a variety of payment methods such as bank transfer, POLi, PayID or credit card. To buy ETH, simply search for the asset, select the amount of ETH you wish to buy and confirm your purchase.
Smarts contracts are computing programs that self execute all parts of an agreement between two parties on a blockchain. The code and agreement contained within a smart contract run on a decentralised blockchain platform like the Ethereum network. Smarts contracts were designed to reduce the need for intermediaries between contractors, therefore reducing transaction costs and improving transaction reliability. Ethereum was designed to provide a platform that allowed the execution of smart contracts using blockchain technology.
There is an extensive range of benefits to using the Swyftx trading platform. The platform gives you access to buy, sell and trade over 260 digital assets including Bitcoin, Ethereum, XRP and more. We offer very low fees and spreads so that when you buy, sell and trade Ethereum and other cryptocurrencies, you’ll maximise your profits. Additionally, You can create automatic ‘buy’ and ‘sell’ orders, set up recurring orders and have access to online support and integrated viewing charts.
For anyone new to the world of cryptocurrency, our demo mode lets you mock trade with artificial currency using real industry data. This will allow you to learn the markets, giving you the confidence to buy Ethereum and other cryptocurrencies for real.
The Swyftx trading platform does allow you to make account deposits with a credit or debit card. Simply navigate to the ‘Deposit NZD’ page on your account and choose the credit/debit card option. You will then be redirected to Banxa, which is an internationally recognised fiat-to-crypto payment provider. Input your card details and select how much you wish to deposit. Once the funds have landed in your account (usually within a minute), you can then buy Ethereum (ETH) instantly. Alternatively, if you’d like to use a different payment method, Swyftx also supports deposits via bank account transfer, POLi and PayID.
The price of Ethereum that is listed on the Swyftx website is reflective of real-world trading volumes. The actual price of ETH is determined by the supply and demand of the cryptocurrency. Similar to regular stocks, cryptocurrencies have order books containing buy and sell orders at different prices. You may have noticed that the buy and sell price for Ethereum and other assets is different. this difference is called a spread. When you buy or sell Ethereum, the price listed by Swyftx is dependent on the agreed buy or sell price in the most recent trade.
Yes, on the Swyftx crypto exchange, you can swap any cryptocurrency you’re holding for another cryptocurrency we list. That means you can use your Bitcoin to buy Ethereum and vice versa. To do this, click the swap tab in your Swyftx app, type the amount that you want to exchange, select that you want to swap BTC for ETH and then confirm your order.
All units of cryptocurrency are stored in digital wallets. This is a software system that is necessary for sending, receiving and storing digital assets. When you buy Ethereum on the Swyftx trading platform, it will be automatically stored in the wallet that is connected with your account. You can also send your ETH to an external wallet like a web wallet or hardware wallet if you wish to do so.
Tale advantage of our low spreads and low trading fees when you buy ETH in New Zealand.
Verify your account quickly with our fast, document free account verification and buy ETH in minutes.
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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
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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.